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You can get monthly income by making a single investment in an open-ended scheme and redeeming fix value of units at regular intervals. Such a plan is called a Systematic withdrawal plan.

A systematic withdrawal plan allows the account holder a certain level of independence from market fluctuations. By making periodic withdrawals, you can enjoy average return values that often exceed average sale prices. In this way, you can secure higher unit prices than those attainable by withdrawing everything at once.

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Q: What are the methods for taking funds out of a mutual fund?
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