SBI Bandhan SWP

These days individuals are constantly seeking innovative solutions to manage their investments and secure the financial well-being of their loved ones. Recognizing this need, SBI Mutual Fund introduced the Bandhan SWP (Systematic Withdrawal Plan) in February 2018. This unique facility provides a structured approach to giving financial assistance to immediate family members, while also leveraging the potential of mutual fund investments.

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Best SIP Funds

Tax Saving Funds Large Cap Low Return Funds Mid Cap Mid Return Funds Multi Cap Debt Funds Shariah Funds Balanced Funds

Payment Mode

Invest

₹ 10,000

Invest for

Whole Life Mid Cap Equity Fund

AUM (Cr)

₹12,688

Estimated Value

₹

After 5 years

Returns (p.a.)

+ 16.85 22.45 16.9 %

View Fund

Instant tax receipt

Virtue II

AUM (Cr)

₹3,304

Estimated Value

₹

After 5 years

Returns (p.a.)

+ 10.45 17.6 14.66 %

View Fund

Instant tax receipt

Large Cap Equity Fund

AUM (Cr)

₹2,649

Estimated Value

₹

After 5 years

Returns (p.a.)

+ 11.11 17.14 14.5 %

View Fund

Instant tax receipt

Frontline Equity Fund

AUM (Cr)

₹5,200

Estimated Value

₹

After 5 years

Returns (p.a.)

+ 11.69 16.18 13.14 %

View Fund

Instant tax receipt

Opportunities Fund

AUM (Cr)

₹35,606

Estimated Value

₹

After 5 years

Returns (p.a.)

+ 11.74 17.23 13.11 %

View Fund

Instant tax receipt

Accelerator Mid-Cap Fund II

AUM (Cr)

₹5,823

Estimated Value

₹

After 5 years

Returns (p.a.)

+ 11.63 16.22 13.03 %

View Fund

Instant tax receipt

Accelerator Fund

AUM (Cr)

₹209

Estimated Value

₹

After 5 years

Returns (p.a.)

+ 11.36 15.28 12.55 %

View Fund

Instant tax receipt

Grow Money Plus Fund

AUM (Cr)

₹439

Estimated Value

₹

After 5 years

Returns (p.a.)

+ 7.88 14.1 12.5 %

View Fund

Instant tax receipt

Future Apex Fund

AUM (Cr)

₹147

Estimated Value

₹

After 5 years

Returns (p.a.)

+ 9.71 15.26 12.22 %

View Fund

Instant tax receipt

Pure Equity

AUM (Cr)

₹3,382

Estimated Value

₹

After 5 years

Returns (p.a.)

+ 8.19 14.7 11.95 %

View Fund

Instant tax receipt

Virtue II

AUM (Cr)

₹3,304

Estimated Value

₹

After 5 years

Returns (p.a.)

+ 10.45 17.6 14.66 %

View Fund

Large Cap Equity Fund

AUM (Cr)

₹2,649

Estimated Value

₹

After 5 years

Returns (p.a.)

+ 11.11 17.14 14.5 %

View Fund

Frontline Equity Fund

AUM (Cr)

₹5,200

Estimated Value

₹

After 5 years

Returns (p.a.)

+ 11.69 16.18 13.14 %

View Fund

Accelerator Fund

AUM (Cr)

₹209

Estimated Value

₹

After 5 years

Returns (p.a.)

+ 11.36 15.28 12.55 %

View Fund

Grow Money Plus Fund

AUM (Cr)

₹439

Estimated Value

₹

After 5 years

Returns (p.a.)

+ 7.88 14.1 12.5 %

View Fund

Future Apex Fund

AUM (Cr)

₹147

Estimated Value

₹

After 5 years

Returns (p.a.)

+ 9.71 15.26 12.22 %

View Fund

Pure Equity

AUM (Cr)

₹3,382

Estimated Value

₹

After 5 years

Returns (p.a.)

+ 8.19 14.7 11.95 %

View Fund

Diversified Equity Fund

AUM (Cr)

₹3,497

Estimated Value

₹

After 5 years

Returns (p.a.)

+ 7.33 12.95 11.89 %

View Fund

Pure Stock Fund

AUM (Cr)

₹7,411

Estimated Value

₹

After 5 years

Returns (p.a.)

+ 8.23 13.82 11.85 %

View Fund

Equity Fund

AUM (Cr)

₹81,626

Estimated Value

₹

After 5 years

Returns (p.a.)

+ 7.6 12 10.53 %

View Fund

Whole Life Mid Cap Equity Fund

AUM (Cr)

₹12,688

Estimated Value

₹

After 5 years

Returns (p.a.)

+ 16.85 22.45 16.9 %

View Fund

Opportunities Fund

AUM (Cr)

₹35,606

Estimated Value

₹

After 5 years

Returns (p.a.)

+ 11.74 17.23 13.11 %

View Fund

Accelerator Mid-Cap Fund II

AUM (Cr)

₹5,823

Estimated Value

₹

After 5 years

Returns (p.a.)

+ 11.63 16.22 13.03 %

View Fund

High Growth Fund

AUM (Cr)

₹15,248

Estimated Value

₹

After 5 years

Returns (p.a.)

+ 20.2 23 19.8 %

View Fund

Multi Cap Fund

AUM (Cr)

₹11,764

Estimated Value

₹

After 5 years

Returns (p.a.)

+ 14.61 22.7 19.53 %

View Fund

Pension India Consumption Fund

AUM (Cr)

₹25

Estimated Value

₹

After 5 years

Returns (p.a.)

+ 22.9 16.7 15.6 %

View Fund

Growth Opportunities Plus Fund

AUM (Cr)

₹1,105

Estimated Value

₹

After 5 years

Returns (p.a.)

+ 10.28 15.77 13.52 %

View Fund

Classic Opportunities Fund

AUM (Cr)

₹13,688

Estimated Value

₹

After 5 years

Returns (p.a.)

+ 9.89 14.67 12 %

View Fund

Flexi Cap

AUM (Cr)

₹1,021

Estimated Value

₹

After 5 years

Returns (p.a.)

+ 9.03 13.66 11.13 %

View Fund

Equity Top 250 Fund

AUM (Cr)

₹517

Estimated Value

₹

After 5 years

Returns (p.a.)

+ 7.52 12.75 10.41 %

View Fund

Asset Allocation

AUM (Cr)

₹216

Estimated Value

₹

After 5 years

Returns (p.a.)

+ 7.15 8.54 8.82 %

View Fund

Whole Life Income Fund

AUM (Cr)

₹824

Estimated Value

₹

After 5 years

Returns (p.a.)

+ 5.76 6.48 6.85 %

View Fund

Bond Fund

AUM (Cr)

₹127

Estimated Value

₹

After 5 years

Returns (p.a.)

+ 5.92 6.78 6.71 %

View Fund

Steady Money Fund

AUM (Cr)

₹69

Estimated Value

₹

After 5 years

Returns (p.a.)

+ 5.78 6.14 6.57 %

View Fund

Conservative Fund

AUM (Cr)

₹181

Estimated Value

₹

After 5 years

Returns (p.a.)

+ 5.75 6.78 6.55 %

View Fund

Debt Fund

AUM (Cr)

₹510

Estimated Value

₹

After 5 years

Returns (p.a.)

+ 5.31 6.21 6.52 %

View Fund

Debt Fund

AUM (Cr)

₹92

Estimated Value

₹

After 5 years

Returns (p.a.)

+ 5.38 6.04 6.25 %

View Fund

Bond Fund

AUM (Cr)

₹15,833

Estimated Value

₹

After 5 years

Returns (p.a.)

+ 5.31 5.88 6.21 %

View Fund

Dynamic Gilt Fund

AUM (Cr)

₹152

Estimated Value

₹

After 5 years

Returns (p.a.)

+ 4.79 5.43 6.11 %

View Fund

Bond Fund

AUM (Cr)

₹1,582

Estimated Value

₹

After 5 years

Returns (p.a.)

+ 5.46 5.6 6.07 %

View Fund

Whole Life Aggressive Growth Fund

AUM (Cr)

₹924

Estimated Value

₹

After 5 years

Returns (p.a.)

+ 12.47 16.72 14.45 %

View Fund

Balanced Fund

AUM (Cr)

₹353

Estimated Value

₹

After 5 years

Returns (p.a.)

+ 7.85 10.71 9.38 %

View Fund

Save N Grow Money Fund

AUM (Cr)

₹64

Estimated Value

₹

After 5 years

Returns (p.a.)

+ 6.68 9.15 9.03 %

View Fund

Balanced Fund

AUM (Cr)

₹4,680

Estimated Value

₹

After 5 years

Returns (p.a.)

+ 6.52 9.94 8.83 %

View Fund

Creator

AUM (Cr)

₹410

Estimated Value

₹

After 5 years

Returns (p.a.)

+ 6.4 9.21 8.75 %

View Fund

Balanced Fund

AUM (Cr)

₹20,074

Estimated Value

₹

After 5 years

Returns (p.a.)

+ 6.02 8.96 8.63 %

View Fund

Balancer II

AUM (Cr)

₹745

Estimated Value

₹

After 5 years

Returns (p.a.)

+ 6.76 9.64 8.56 %

View Fund

Multi Cap Balanced Fund

AUM (Cr)

₹1,657

Estimated Value

₹

After 5 years

Returns (p.a.)

+ 7.43 10.12 8.53 %

View Fund

Asset Allocation Fund II

AUM (Cr)

₹250

Estimated Value

₹

After 5 years

Returns (p.a.)

+ 6.12 9.25 8.49 %

View Fund

Future Balance Fund

AUM (Cr)

₹69

Estimated Value

₹

After 5 years

Returns (p.a.)

+ 7.35 9.51 8.14 %

View Fund

What is SBI Bandhan SWP?

Bandhan SWP is a specialized Systematic Withdrawl Plan facility that allows you to systematically withdraw a pre-determined amount from your SBI Mutual Fund investments and transfer it directly to the bank account of an immediate family member. This empowers you to provide regular financial support for their monthly sustenance, lifestyle maintenance, or recurring expenses.

Essentially, it's a structured way to give financial assistance while leveraging your existing mutual fund investments.

Key Features of Bandhan SWP

Beneficiary Focus:

Designed to support immediate family members (spouse, parents, children, or siblings).
Regular Payouts:

Provides consistent income streams to the beneficiary.
Direct Transfer:

Funds are directly credited to the beneficiary's bank account.
Tax-Friendly:

Transfers are treated as gifts, potentially offering tax advantages.

SWP Calculator

Total Investment

₹

Withdrawal per month

₹

Expected annual returns(p.a.)

Time period

Years

Your total Investment

₹5,00,000

Total amount withdrawn

₹6,00,000

Final value

5,218

View plans

How to Start Bandhan SWP?

For New SBI Mutual Fund Investors:
- Invest in an SBI Mutual Fund Scheme:
  
  Choose an open-ended fund, preferably with a growth option.
- Opt for Bandhan SWP:
  
  Specify the beneficiary details, withdrawal amount, duration, and frequency.
- Provide Beneficiary Details:
  
  The beneficiary must be an Indian resident and an immediate family member.
- Set Withdrawal Parameters:
  
  The minimum monthly withdrawal is ₹5,000, and the minimum duration is 1 year.
- Submit KYC Documents:
  
  Include proof of the relationship between the investor and the beneficiary.
- Provide Bank Details:
  
  Submit a cancelled cheque leaf or bank statement/passbook of the beneficiary for direct credit.
- Receive Regular Payouts:
  
  Funds will be credited to the beneficiary's account on the specified date.
For Existing SBI Mutual Fund Investors (Growth Plan):
- You can directly activate the Bandhan SWP facility.

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Benefits of Bandhan SWP

Regular Cash Flows to Your Loved Ones:
- Provides a reliable source of income for your family members.
- Offers flexibility in choosing the withdrawal amount and frequency.
- Facilitates seamless financial support.
Tax Benefits:
- Transfers are considered gifts to immediate family members, which are generally tax-free under current Indian tax laws.
- It is important to remember that any income generated from the gifted money, such as interest, will be taxable according to the beneficiary's income tax slab.
Long-Term Wealth Creation Opportunity:
Investing in suitable SBI Mutual Fund growth schemes can help build wealth over time.
This allows the investor to provide for their loved ones, while also maintaining their own investment growth.

Conclusion

SBI Bandhan SWP is a valuable tool for individuals seeking to provide consistent financial support to their loved ones. Its unique structure, tax-friendly nature, and potential for long-term wealth creation make it an attractive option, A diversified portfolio often includes investments from the best SIP plans available in the market, particularly for middle-aged investors and those approaching retirement. It provides a structured method to provide for loved ones, while maintaining the benefits of investing in mutual funds.

SBI Bandhan SWP

Best SIP Funds

What is SBI Bandhan SWP?

Key Features of Bandhan SWP

Beneficiary Focus:

Regular Payouts:

Direct Transfer:

Tax-Friendly:

How to Start Bandhan SWP?

For New SBI Mutual Fund Investors:

Invest in an SBI Mutual Fund Scheme:

Opt for Bandhan SWP:

Provide Beneficiary Details:

Set Withdrawal Parameters:

Submit KYC Documents:

Provide Bank Details:

Receive Regular Payouts:

For Existing SBI Mutual Fund Investors (Growth Plan):

Benefits of Bandhan SWP

Regular Cash Flows to Your Loved Ones:

Tax Benefits:

Long-Term Wealth Creation Opportunity:

Conclusion