Mutual Fund Online - FAQs

Mutual Fund Online is a service for ICICI Bank Savings Account holders that allows you to invest in mutual funds through internet banking/iMobile.

All resident Indians with an ICICI Bank Savings Account (single or either/survivor) can register.

• If Mode of operation is single, then customer can login iMobile > go to Mutual fund section dashboard and complete the MF KYC digitally .

• If Mode of operation is other than single than follow the below process :-

  • Download MF online registration form.

  • Submit it at any ICICI Bank branch along with:

  • Self-attested PAN copy

  • KYC acknowledgement or status screen

  • All account holders must be KYC compliant.

  • Registration takes about 5-6 working days. 
    

• PAN copy

• KYC acknowledgement or status print from CVL KRA 
   

Visit CVL KRA and enter your PAN under the "KYC Inquiry" option.

As per SEBI rules, KYC is mandatory to invest in mutual funds. It ensures that your identity, address, and other details are verified once for all market intermediaries.

• Log in to www.icicibank.com

• Go to Investment & Insurance > Invest Online > Buy Mutual Funds

• Select schemes by AMC and Invest 
  

No. Once placed, a mutual fund transaction cannot be cancelled.

• Go to "My Portfolio"

• Select the fund from “My Funds”

• Click on 3 dots and Select “sell” and place the sell order

• Amount will be credited to your bank account in 3–4 working days.

The amount will be directly credited to your AMC registered mandate account in 3-4 working days.

• Liquid & Overnight Funds: 12:30 PM

• Other Funds: 2:00 PM

• Redemptions (all schemes): 2:00 PM

• Transactions after these times will be processed for the next business day's NAV.

A mutual fund pools money from many investors to invest in stocks, bonds, or money market instruments, based on a common investment goal.

NAV = (Total Assets - Liabilities) / Total Outstanding Units 
It is the per-unit market value of a fund. Declared every business day.

All earnings are reinvested. Suitable for long-term investments. No periodic payouts.

You receive earnings either as cash (payout) or reinvested as extra units (reinvest).

It is the price at which the fund buys back your units, based on the latest NAV.

No. As per SEBI, entry loads are not allowed for mutual fund purchases since August 1, 2009.

• For address/bank changes: 

Customer first need to update the address in KRA KYC then same will get automatically updated in the AMC folio

For Bank account updation customer can do it through MF central or respective AMCs’

Yes, all joint holders signature are mandatory depend on the holding pattern (Single/Jointly)

You have thousand of schemes to choose from leading fund houses via Internet Banking/iMobile

A sponsor creates a Trust, which appoints an AMC. The trustees oversee compliance and investor interest.

• Risk appetite

• Type and size of fund

• Diversification

• Investment goals