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Financial Freedom
Investment Today in SIP is a Source of Income Tomorrow.
Freedom SIP
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PRESENTING ICICI PRUDENTIAL FREEDOM SIP
It is a unique combination of Smart Features, to help investors achieve their Financial Goals.
ICICI Pru Mutual Funds’ freedom sip is a unique feature that allows investors to attain their financial goals. This feature allows you to invest consistently through SIP while also benefiting from regular cash flows with a systematic withdrawl plan -SWP after the SIP period ends. Indicating it as freedom. ICICI Pru Mutual Funds’ freedom sip is a unique feature that allows investors to attain their financial goals.
This feature allows you to invest consistently through SIP while also benefiting from regular cash flows with a systematic withdrawl plan -SWP after the SIP period ends. Indicating it as freedom. Make investments that are less risky and gives high returns. It’s a great feature to invest on a monthly basis in small amounts.
Financial goal based investing helps investors decide monthly investing amount. Simplifies the process of selecting the appropriate tenure period. Makes suitable combination based on your requirement and risk appetite.
BENEFITS OF FREEDOM SIP
Financial Goal Based Investment
Investors can calculate how much they aim to get as Systematic Investment Plan - SWP for regular cash flows and accordingly decide SIP amount and tenure.
Encouraging Long-Term Investing
Investors must remain invested for the entire SIP tenure selected to avail the benefits of Freedom SIP. This helps to inculcate the habit of long term investing.
Needs and Risk Appetite Based Schemes
Investors can choose from a selection of schemes as the source and target schemes based on their requirements and risk appetite.
WHY FREEDOM SIP
EXAMPLE OF FREEDOM SIP With Rs 10,000/- SIP
3. Choose Your Set of Schemes
With the available two schemes ( Source Scheme/Target Scheme), you chose target scheme. After completing maturity period which is 10 years your investment will switch to the target scheme and you can keep withdrawing Rs 15,000 by the means of SWP.
RISK O METER
ICICI Prudential Large & Mid Cap Fund (An open ended equity scheme investing in both large cap and mid cap stocks) is suitable for investors who are seeking*:
Long Term Wealth Creation
An open ended equity scheme investing in both large cap and midcap stocks
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them.
ICICI Prudential Balanced Advantage Fund (An Open Ended Dynamic Asset Allocation Fund) is suitable for investors who are seeking*:
Long term capital appreciation/income
Investing in equity and equity related securities and debt instruments
*Investors should consult their financial advisers if in doubt about whether the product is suitable for them
When you begin investing in freedom SIP, keep in mind that if the market falls, your investments will be unaffected. Profit will remain constant. The concept is designed in such a way that it can withstand in any market circumstance. ICICI only introduced this plan after much investigation.
FAQ OF FREEDOM SIP
ICICI Prudential Freedom SIP is a feature that allows the investor to achieve their financial goals. This feature encourages the investor to invest regularly in a disciplined manner through Systematic Investment Plan (SIP) and enjoy the benefits of regular cash flows via Systematic Withdrawal Plan (SWP) post completion of SIP period thereby aiming for financial freedom.
Freedom SIP is only available under Growth option of the respective schemes. However, it is available for both, direct plans and other than direct plans of the selected schemes.
After registration, the investor cannot change any of the particulars such as the SIP tenure, the SIP Scheme (Source Scheme), the SIP Amount, the SWP Scheme (the target scheme) or the SWP Amount etc. However, investor can modify the bank mandate mapped to the registered SIP, anytime during the SIP tenure, by submitting the respective SIP Mandate change form.
Only the Monthly Frequency is available under Freedom SIP for SIP and SWP.
Post completion of SIP Tenure in the source scheme the units will be switched to target scheme and SWP will start from the target scheme from the following month on the same day as SIP instalment date.
