ICICI direct Mutual Fund

ICICI direct offers a wide range of Mutual Funds products for investment like Smart SIP, One Click SIP, Lumpsum and more. You can quickly start your SIP plan according to your future financial goals. To achieve your future goal, ICICI direct recommends funds called SIPs. ICICI direct provides idirect mobile app and icicidirect.com web based platform to start SIP or lumpsum or both. After investing in SIP or Lumpsum you can easily modify the scheme whenever you want according to your financial status. And ICICI direct doesn't charge any brokerage fees or costs for investing in MF.

Start SIP with ICICI direct

You can open SIP online through icicidirect.com or idirect mobile app. You can easily start SIP by following the given procedure:

1. Open the idirect mobile app and log in.
2. Go to the shortcut icon in the menus and click on the Trade & Invest option.
3. Click on the Investment funds section.
4. Click on the Transact menu and then click on the Purchase/ SIP tab
5. Search for a fund name or select a fund from those recommended by Research.
6. Select a portfolio and payment frequency with time period.
7. Specify the SIP installment amount and payment source and proceed.
8. Review and confirm the order at SIP.

You'll now receive a notification of successful order placement and the transaction ID.

Buy Mutual Funds Through ICICI Direct Demo Video

Get the complete process of how to buy Mutual Funds from ICICI direct in given demo video

ICICI direct Mutual Funds Platforms

ICICI Direct offers online trading platforms for investors and traders. The platforms have a user-friendly interface. The following platforms are designed for mobile and desktop users:

1. Idirect / ICICIdirect mobile app
2. Icicidirect.com website.
3. ICICI Trade Racer - Desktop Trading Terminal

Redeem SIP from ICICI direct

Investing in MF SIP gives you the flexibility to manage the investment process. ICICI direct allows you to make changes to SIP without incurring any fees. So follow the procedure to cancel SIP with ICICI direct:

1. Log in to your icici direct mobile app.
2. Go to the Transactions section and click on Mutual Funds/Shares
3. Here you'll see the portfolio overview of mutual funds.
4. From the list MF, select the MF you want to return.
5. Click on the Sell button.
6. Check and confirm the SIP and the Folio No. for the sale.
7. Set the unit to Sale and select the bank.
8. Proceed to approve the transaction.

Now you can check the transaction status in the order history. ICICI direct doesn't charge withdrawal fees for SIP.

Benefits of SIP at ICICI direct

ICICI direct helps you in choosing a scheme by giving you research based recommendations so that you don't have to spend much time in analyzing stocks. In addition, SIP from ICICI direct offers a number of other benefits, which are listed below:

1. SIP Step-up: increase the installment amount of SIP after a certain period of time.
2. Perpetual SIP option: this feature allows investing SIP installment till the investor stops it.
3. SIP Flexibility: withdrawal and modification of SIP plan as per financial conditions.
4. Researched choice of plans.
5. Multiple payment options: ICICI bank account, mandate and UPO
6. One click SIP MF

Lumpsum Investment Through ICICI direct

ICICI Direct provides Lumpsum investment facility to investors. In this investment type you have to invest all the capital at once while buying the MF for a certain period of time. After buying you can withdraw the invested amount anytime without paying any cost. ICICI direct does not charge anything for Lumpsum investment.

Benefits of Lumpsum Investment

1. Ideal for long-term investment
2. Control Big size capital in a disciplined manner
3. Benefits of market correction
4. Get good return in power of compounding
5. Good gain in Bull Market