Does Zerodha offer a Systematic Withdrawal Plan (SWP) for stocks?

A Systematic Withdrawal Plan (SWP) can be used to make regular, periodic withdrawals by selling a part of the holdings. While Zerodha does not provide Systematic Fund Withdrawals (SFW) or Systematic Withdrawal Plans (SWP) for stocks, clients can use the stock SIP feature.

The stock SIP feature can be used to sell stocks, ETFs and SGBs from the holdings periodically, and the funds are credited to the client's Zerodha account. The funds can be withdrawn or automatically credited to the primary bank account through quarterly settlements. To learn more about quarterly settlement, see What is a quarterly settlement or running account settlement?

To use the stock SIP feature, follow these steps:

Kite app

1. Tap on Tools.
2. Tap on SIPs.
3. Tap on New SIP.
4. Enter SIP name.
5. Tap on New basket and create a basket order of selling ETFs or stocks. To learn more about basket orders, see How to place basket orders on Kite?
6. Select the basket and then set the preferred scheduled date and time.
7. Swipe on Create.

Kite web

1. Click on Orders.
2. Click on SIP.
3. Click on New SIP.
4. Enter the name.
5. Link an existing basket of orders or create a new basket by clicking on New basket. To learn more about basket orders, see How to place basket orders on Kite?
6. Select the basket and then set the preferred scheduled date and time.
7. Click on Create.

To learn more about setting up a stock SIP, see How to setup a stock SIP on Zerodha Kite?

Did you know? DDPI/POA is necessary to execute SIP sell orders. To learn more about DDPI/POA, see What is Demat Debit and Pledge Instruction (DDPI)?