What is it called when clients request to receive the same amount of money through the redemption of units of a mutual fund?

When clients request to receive the same amount of money through the redemption of units of a mutual fund, it is referred to as a fixed dollar withdrawal plan. This plan allows investors to specify a set amount they wish to withdraw regularly from their mutual fund investment. This approach provides predictability in income, which is particularly appealing for retirees or those who need a stable cash flow.

A fixed dollar withdrawal plan ensures that clients can rely on a consistent level of income over a period, regardless of the fluctuations in the value of the fund or market conditions. This is advantageous as it helps clients manage their finances with certainty and ease.

The other options do not fit this concept as they represent different approaches to investment withdrawals or fund types which do not guarantee a fixed amount of money. For instance, a variable withdrawal plan offers flexibility in the amount withdrawn, an income fund focuses on generating income rather than guaranteeing withdrawals, and a growth plan aims at increasing capital rather than providing fixed amounts to the investor.