SWP vs ELSS: Which Mutual Fund Suits Your Income Goals?

Imagine you have money in a special account.

A Systematic Withdrawal Plan (SWP) lets you take out a set amount regularly, like getting a paycheck.

This is good if you want steady income, especially in retirement.

Another option is an Equity Linked Savings Scheme (ELSS), which is like investing in stocks.

ELSS helps you save on taxes and grow your money over time.

With ELSS, your money is locked in for at least three years before you can take it out.

SWP is better if you want regular income, while ELSS is better for saving taxes and growing money.