In this section, you will find a step-by-step guide on activating your i-SIP for ICICI bank. You will also find a list of conditions you need to satisfy before you are eligible to set up.
Some of the best ICICI mutual funds are ICICI Prudential Nifty Next 50 Index Fund, ICICI Prudential Equity & Debt Fund, ICICI Prudential Focused Bluechip Equity Fund, ICICI Prudential Liquid Fund, and ICICI Prudential Technology Fund.
There is no difference between the ICICI bank’s SIP and others. SIP operates in the same way for all the banks. ICICI mutual fund SIP fixes an amount which is debited from the investor’s account on a regular basis.
3 years is the holding period of SIP investments. But financial advisors suggest that you invest in SIP for more than 5 years. Investments for a longer period have a possibility of higher returns.
Yes, SIP can be opened online. But before starting your SIP online, you need to fulfill the KYC requirement. You can fulfill these requirements via e-KYC. Majority of the fund houses support this facility. Alternatively, you can also visit KYC registration agencies to open SIP online.
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