SBI Mutual Fund’s Bandhan SWP
A customized solution for you
Send regular cash flows to your loved ones from your mutual fund
investments while giving your existing investments the potential to growFocal Point
A facility offered under Systematic withdrawal Plan (SWP) that givesWhat is Bandhan SWP?
Option of
setting periodic
withdrawals of
a set amount.From growth options
of eligible open-ended
mutual fund schemes
of SBI Mutual Fund.The beneficiary of this plan can be any one of
the following: Spouse, Parents, Children, or
Siblings (15 years and above). Beneficiary has
to be a resident individual only.S
BI Mutual Fund is forging a stronger
bond with its investors. For Smt.
Anuradha Rao, the MD & CEO of
the over Rs. 2-lakh crore fund house,
empowering the modern Indian woman is
one of her main objectives.
Juggling between profession and
family, women today are fighting a
difficult battle. On one hand, they need
to look after husband, children, in-laws
and on the quite other are important
responsibilities pertaining to parents and
younger siblings. This is where Bandhan
Systematic Withdrawal Plan (SWP)
facility from SBI Mutual Fund bridges an
important gap --- it allows women to give
financial support to their loved ones in a
seamless and hassle-free way.Directly credited to the bank
account of eligible family
members
Women, who have routinely balanced
many roles including managing career
aspirations and family duties, can readily
understand the necessity to make a
difference for those who matter the most
to them. Technology is a big help today.
SBI Mutual Fund has combined simple
yet intuitive technology with Indian values
to create Bandhan SWP, a family solutions
initiative.
Bandhan SWP is a one-size fits all
solution. It can be used to good effect by
anyone looking to support their loved ones
as it allows you to withdraw a fixed amount
regularly from your existing investments in
eligible open-ended mutual fund schemes.
The amount can be directly credited to
the bank account of your spouse, parents,
children or siblings aged 15 years and
above residing in India.
By setting up Bandhan SWP with just
one-time instruction, women can send
minimum Rs. 5000/- and in multiples ofRs. 1/- thereof for as long as they have the
corpus. Instead of making manual bank
fund transfer every month, Bandhan
SWP is an easier solution that sends
money automatically to your loved one
on the scheduled date. At times, due to
unavoidable circumstances many end
up missing or delaying the contribution,
which is troublesome to financially
dependent family members. But thanks to
the innovative investment solution by SBI
Mutual Fund, now say goodbye to such
worries.
All an investor needs to do is fill up
the form for Bandhan SWP facility,
specifying beneficiary details (resident
individuals only), withdrawal amount,
duration, SWP date etc. After you submit
the form along with relevant verifiable
documents for KYC of the beneficiary (like
Proof of Address and Proof of Identity),
Relationship Proof, Bank Account Proofs
etc., SBI Mutual Fund will start processing
the payouts directly to the beneficiary’s
bank account such as parents, children,siblings etc. at a monthly frequency for a
minimum of 12 months.
The Bandhan SWP facility of SBI Mutual
Fund helps all investors, irrespective of
their gender, to commit to the financial
independence of loved ones. The auto-
credit facility ensures that funds are made
available in a time-bound manner to the
beneficiary. This facility gives a sense
of financial liberty to the beneficiary as
he/ she does not need to worry about
the flow of funds. It also helps grow the
sense of maturity and enhances the art
of handling finances more efficiently for
youngsters. Also, SBI MF Bandhan SWP
facility makes sure that while it takes care
of the requirement, investor’s remaining
capital is positioned for possible capital
appreciation – thus creating a win-win
situation.
In this way, SBI MF Bandhan SWP
initiative encourages a woman’s traits
of being focused on family goals, retain
savings for ‘Rainy Day’, financial discipline,
patience and financial freedom.