SWP : What is SWP, what is the process to avail it?

For regular income, people use bank fixed deposits, non-convertible debentures and small-savings schemes. Do you know that you can also earn regular income from mutual funds? While Systematic Investment Plan i.e. SIP is a way to take advantage of compounding and a disciplined way of investing, Systematic Withdrawal Plan i.e. SWP plays a big role in retirement planning.