SIP helps you invest a fixed amount regularly, build disciplined savings, and benefit from market growth while reducing risk through rupee cost averaging.
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BEST FOR
Ideal for Disciplined Wealth Growth
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Invest regularly with ease
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Manage risk with rupee cost averaging
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Build disciplined saving habits
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Grow wealth with market potential
Features
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Regular Investment
Weekly, monthly, or quarterly options promote disciplined saving and investing habits.
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Cost Averaging
SIPs help mitigate the effect of market volatility through rupee cost averaging
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Affordable Investment Initiation
SIPs allow investments starting with as little as Rs. 500 per month and accommodate gradual increases over time.
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No Maximum Investment Limit
Investors can contribute any amount they choose, with no stringent upper limit.
Things you should know while investing in SIP
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Investment Objective
Define your financial goals and risk appetite before investing in SIP.
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Investment Amount Planning
Choose an SIP amount based on your income, expenses, and financial capacity.
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Fund Selection
Select a mutual fund that aligns with your risk profile and investment goals.
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Performance Review
Analyze past 5-10 years’ performance trends before selecting a fund.
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Fund House Selection
Ensure the fund house offers suitable schemes and aligns with your strategy.
How to Apply?
- If MOP is single then follow the below online process
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Login iMobile>Invest>Mutual Fund
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Select top categories
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Choose the scheme & Invest
- If MOP is single then follow the below online process
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Login ICICI Bank Netbanking>Investment & Insurance>Mutual Fund
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Select top categories
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Choose the scheme & Invest
If MOP of account is other than single then first customer has to visit fill MF online registration form to get the digital access
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Visit the nearest ICICI Bank branch
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Fill in the SIP application form
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Submit KYC documents and a cancelled cheque
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Complete and submit the Auto Debit Form (ADF)
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SIP will be activated upon verification
Explore
About SIPs
What is SIP and how does it work ?
An SIP works like a recurring investment, where the amount is auto-debited from your bank account and invested in the mutual fund of your choice. Once the amount is deposited, you get a certain number of units of the mutual fund scheme where you have invested.
- Rupee Cost Averaging
SIPs can help you minimise market volatility by eliminating the guessing game of market performance. Regular investing ensures that the average purchase cost is evened out in the long run.
When the markets rise, you get fewer units, and when the markets fall, you receive more units. This may minimise your risk and ensure you acquire investments at a lower average cost per unit.
- Compounding
Saving a small sum of money regularly for long periods of time can have an impact on your investment because of the effect of compounding.
Advantages of Investing in SIP
- Disciplined Investing: Regular, fixed investments build savings and curb market temptations.
- Cost Efficiency: Low minimum investments and regular payments make SIPs affordable and reduce market impact.
- Power of Compounding: Regular SIP investments and reinvestment of returns over time help grow your wealth exponentially.
- Flexibility: Adjust, pause, or increase investments based on financial needs.
- Diversification: Spread risk with a diversified mutual fund portfolio.
FAQs
What is the minimum amount required to start an SIP?
You can start a Systematic Investment Plan with as low as ₹500 per month.
How can I stop my SIP investment anytime?
Yes, you can stop , your SIP anytime through Internet Banking or iMobile app
Will I be penalised if I miss an SIP instalment?
No, there are no penalties from ICICI Bank for missing an instalment. However, if you miss three consecutive payments, the AMC may cancel your SIP.
Can NRIs invest in SIPs through ICICI Bank?
Yes, NRIs can invest in SIP mutual funds through ICICI Bank using NRE/NRO accounts, subject to KYC compliance and applicable FEMA regulations.
Why is SIP considered a good investment option?
SIPs offer a disciplined, affordable, and flexible way to invest in mutual funds. They help beat inflation, grow wealth steadily through compounding, and reduce risks through rupee cost averaging.
