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Mutual Funds

Mutual fund is an entity that pools money of large number of investors to invest in different securities. This money is then managed by a professional Fund Manager on behalf of the unit-holders, to invest it in various financial instruments.

Note: To invest in Mutual Funds, investors need to be Mutual Fund KYC ( Know your client ) compliant

Types of Mutual Funds

  • Equity Funds
  • Debt Funds
  • Liquid Funds
  • Balanced Funds

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Features & Benefits

  • Risk diversification – Diversification of funds in equity and debt securities
  • Liquidity – Investor can do partial or full withdrawal as per their need
  • Transparency – Investors know where exactly money is getting invested
  • Low cost – No entry load while investing in mutual fund
  • Professional management- Industry experts will manage the funds
  • Tax efficient – Investor get tax benefit in equity and debt funds
  • Flexibility – Flexibility to switch investment amount from one fund to another fund

Frequently Asked Questions (FAQs) for Mutual Funds

What is mutual fund investment?


A mutual fund is a professionally-managed trust that pools the savings of many investors and invests them in securities like stocks, bonds, short-term money market instruments. Investors in a mutual fund have a common financial goal and their money is invested in different asset classes in accordance with the fund’s investment objective. Any investment in such a financial instrument is termed mutual fund investment. Knowledge about a mutual fund scheme can be obtained from its Scheme Information Document (SID) and Fund Fact Sheet.

How mutual funds work?


A mutual fund is a professionally-managed trust that pools the savings of many investors and invests them in securities like stocks, bonds, short-term money market instruments. Investors in a mutual fund have a common financial goal and their money is invested in different asset classes in accordance with the fund’s investment objective. Knowledge about a mutual fund scheme can be obtained from its Scheme Information Document (SID) and Fund Fact Sheet.

How to buy mutual funds online?


You can invest in Mutual Funds by logging in to ICICI Bank Internet Banking. Click on Investments and Insurance section > Invest online > Invest in Mutual Funds. Alternatively, you can invest in SIP through ICICI Bank iMobile > Invest & Insure section > Invest > Mutual Funds.

Why invest in mutual funds?


One does not invest in mutual funds, but invests through them. Mutual funds provide the following benefits:

  1. Management of your wealth by a professional
  2. Flexibility of investment
  3. A mutual fund SIP induces discipline in investing
  4. Mutual funds are highly regulated and very transparent
  5. Some mutual funds also offer tax benefits

How to check mutual fund status?


You can check mutual fund status by logging in to Internet Banking > Click on Investments and Insurance section > Invest online > Invest in Mutual Funds > You will see your investment in the dashboard that opens up, if not invested earlier > Hamburger Menu at the right hand top corner> Systematic Transactions.

What are the benefits of mutual funds?


Mutual funds provide the following benefits:

  1. Management of your wealth by a professional
  2. Flexibility of investment
  3. A mutual fund SIP induces discipline in investing
  4. Mutual funds are highly regulated and very transparent
  5. Some mutual funds also offer tax benefits

Where to buy mutual funds?


You can buy Mutual Funds by logging in to ICICI Bank Internet Banking. Click on Investments and Insurance section > Invest online > Invest in Mutual Funds. Alternatively, you can invest in SIP through ICICI Bank iMobile > Invest & Insure section > Invest > Mutual Funds.

What is the use of mutual funds?


Mutual funds are useful in the following ways:

  1. Management of your wealth by a professional
  2. Flexibility of investment
  3. A mutual fund SIP induces discipline in investing
  4. Mutual funds are highly regulated and very transparent
  5. Some mutual funds also offer tax benefits for example Equity Linked Savings Scheme (ELSS)

What are the tax benefits in mutual funds?


Equity Linked Savings Scheme (ELSS) is a type of mutual fund scheme that can provide tax benefits. It also has a lock in period of 3 years. For details, click here .

Where can you get information about a mutual fund?


For detailed information about a mutual fund, refer Scheme Information Document (SID) and Fund Fact Sheet of that scheme which shows the amount of investments made by that scheme in all the companies. It is available on website of the corresponding asset management company.