ICICI Prudential Freedom SIP

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Calculate Your freedom SIP

ICICI Prudential Freedom SIP is an optional feature that allows initial investments through SIP, switch to another scheme after a pre-defined tenure and SWP post that. The SWP will be processed either till Dec 2099 or till the units are available in target scheme, whichever is earlier. Please read terms and conditions in the application form before investing or visit www.iciciprumf.com

ICICI Prudential Freedom SIP is an optional feature offered by ICICI Prudential AMC. This feature does not in any way give assurance of the performance of any of the Schemes of ICICI Prudential Mutual Fund or provide any guarantee of withdrawals through SWP mode. Freedom SIP allows investors to switch the SIP investments to a target scheme, post completion of the SIP tenure & monthly SWP will continue from the target scheme

Benefits of Freedom SIP

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Financial goal based investing –  Helps investors decide monthly investing amount

Investors can calculate how much they aim to get as SWP for regular cash flows and accordingly decide SIP amount and tenure.

Inculcates the habit of 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.

Make suitable combination based on your requirement and risk appetite

Investors can choose from a selection of schemes as the source and target schemes based on their requirements and risk appetite.

We are always looking for FREEDOM

Presenting ICICI PRUDENTIAL FREEDOM SIP

It is a unique combination of Smart Features, to help investors achieve their Financial Goals.

Freedom SIP will switch your redemption to the target scheme. In words lets take an example: You have invested Rs.100 in this plan. As per the rules of ICICI investment plans you have a lock-in period of 8,10,12 or 15 years. We are taking 10 years of lock-in-period. After completing the maturity period your investment will switch to the target schemes and you can keep withdrawing some amount like 2,000 by the means SWP. In addition, this is the combo that Freedom SIP is offering and it works like this.

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Steps to start ICICI PRUDENTIAL FREEDOM SIP

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Example of FREEDOM SIP with Rs 10,000/- SIP

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ICICI Pru BAF: ICICI Prudential Balanced Advantage Fund. Pru: Prudential Please refer to the terms & conditions in the application form for further details. ICICI Prudential Freedom SIP is an optional feature offered by ICICI Prudential AMC. This feature does not in any way give assurance of the performance of any of the Schemes of ICICI Prudential Mutual Fund or provide any guarantee of withdrawals through SWP mode. Past performance may or may not be sustained in the future. The returns are calculated by XIRR approach assuming SIP investment of Rs 10000/- on the 1st working day of every month in the Growth Option of the Scheme. XIRR helps in calculating return on investments given an initial and final value and a series of cash inflows and outflows with the correct allowance for the time impact of the transactions. Past performance may or may not be sustained in the future.

Schemes already available & Additional Schemes included

*Investors may please note that they will be bearing the recurring expenses of this Scheme in addition to the expenses of the underlying Schemes in which this Scheme makes investment. Please refer to T&C as mentioned in the freedom SIP application form for other conditions and for schemes where Freedom SIP facility is available. ICICI Prudential AMC reserves the right to make changes in the source and target schemes. Please refer to T&C as mentioned in the freedom SIP application form. ICICI Prudential AMC reserves the right to make changes in the source and target schemes.

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Risk-O-Meter

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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.

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.

The Risk-o-meter(s) specified above will be evaluated and updated on a monthly basis. Please refer https://www.icicipruamc.com/news-and-updates/all-news for more details.
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