How can I create and manage an SWP on FYERS?

How Can I Create and Manage an SWP on FYERS?

A Systematic Withdrawal Plan (SWP) allows you to withdraw a fixed amount from your existing mutual fund holdings at regular intervals. SWPs are created directly from mutual fund units you already hold and are commonly used to generate periodic cash flow while remaining invested.

How SWP Works

  • SWP can be created only from existing mutual fund holdings.
  • Withdrawals are set using a fixed amount.
  • SWP frequency can be Weekly, Monthly, or Quarterly.
  • Each SWP withdrawal is processed as a redemption from your mutual fund units.
  • Withdrawal proceeds are credited to your registered bank account as per the scheme’s settlement cycle.

Steps to Create an SWP

On FYERS App

  1. Open the FYERS App.
  2. Go to Portfolio → Holdings → Mutual Funds.
  3. Select the mutual fund holding from which you want to withdraw.
  4. Tap SWP.
  5. Enter the withdrawal amount, frequency, and start date.
  6. Review the details and tap Start SWP.

On FYERS Web

  1. Log in to FYERS Web.
  2. Go to Portfolio → Holdings → Mutual Funds.
  3. Select the mutual fund holding from which you want to withdraw.
  4. Click SWP.
  5. Enter the withdrawal amount, frequency, and start date.
  6. Review the details and click Start SWP.

Steps to Manage an SWP

On FYERS App

  1. Open the FYERS App.
  2. Tap Orders from the bottom navigation bar.
  3. Select Mutual Funds → SWP.
  4. Tap an SWP to view:
  • Previous withdrawals
  • Upcoming withdrawal date
  • Withdrawal amount and frequency
  • Timeline of completed withdrawals

On FYERS Web

  1. Log in to FYERS Web.
  2. Go to Orders → Mutual Funds → SWP.
  3. Click an SWP to view:
  • Previous withdrawals
  • Upcoming withdrawal date
  • Withdrawal amount and frequency
  • Timeline of completed withdrawals
Each SWP withdrawal is treated as a redemption, and applicable exit load, taxes, and depository charges may apply to every withdrawal.

What If...

ScenarioOutcome
I do not have mutual fund holdingsSWP cannot be created without available units.
My fund has an exit loadExit load is deducted during each SWP withdrawal, if applicable.
Units are insufficient for withdrawalThe withdrawal may fail due to insufficient redeemable units.
I want to check past withdrawalsCompleted withdrawals are visible in the SWP timeline.
I want to track upcoming withdrawalsThe next withdrawal date is shown under SWP details.

Last updated: 09 Jan 2026

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