Apply Online
PERSONAL
NRI
Business
Corporate
GIFT City
CALL
1800 1080
icon_notification notification-animation 10

Offers especially for you!

India
Quick Action
Quick Actions
iPal Icon
GET A CALL BACK

Want us to help you with anything?
Request a Call back

This field is required Only alphabetes are allowed
This field is required Only alphabetes are allowed
Please enter valid number
Please enter valid email
Please select product type
Please enter valid pincode

Thank you for your request.

Your reference number is CRM

Our executive will contact you shortly

Net Asset Value (NAV)

In a Mutual Fund investment, when you buy a ‘Unit’, you invest in a section of the fund portfolio’s value. The price of a Mutual Fund is expressed as the Net Asset Value (NAV). It is calculated by dividing the current value of assets in the fund’s portfolio by the total number of units owned by all the investors. You can purchase or redeem Mutual Fund units, as per your requirement at fund’s current NAV. It is declared at the end of each trading day.

So Why Should You Invest In Mutual Funds?

Benefit from power of compounding
Benefit from power of compounding
Higher the time horizon, higher the benefit of compounding
Low entry amount
Low entry amount
Start investing regularly via SIP with small amount
Diversification
Diversification
Diversified portfolio to minimize risk.
Instills a sense of financial discipline
Instills a sense of financial discipline
Sticking to your investment Goals without being impacted by intermittent volatility.

Registration Process

  • Visit any ICICI Bank branch or Click here to download the Registration Form.
  • After filling the Registration Form (duly signed by all the account holders) ,submit  the Form along with the requisite documents at any ICICI Bank branch


Documents required:

  • Self-attested copy of PAN card
  • KYC acknowledgement slip or print of KYC Status Screen
  • Mutual Fund KYC is mandatory for all Mutual Fund investments


To know more on Mutual Fund KYC Click here.

Popular FAQs

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.

You can invest in Mutual Funds by logging in to ICICI Bank Internet Banking. Click on the ‘Investments and Insurance’ section > Invest online > Invest in Mutual Funds.

Alternatively, you can invest in MF through ICICI Bank’s iMobile Pay > click on the ‘Invest & Insure’ section > Invest > Mutual Funds.

Mutual Funds are a good investment option for investors looking to diversify their portfolios. Instead of taking exposure to only one company or industry, a Mutual Fund investor invests in different securities and minimises your portfolio's risk.

Mutual Fund returns are calculated by computing appreciation in the value of your investments over a period as compared to the initial investment. The Net Asset Value of Mutual Fund indicates its price and is used in calculating returns for your Mutual Fund investments.

By investing in Mutual Funds, an investor can earn returns in the form of capital gains and dividend* income, which are taxable in the hands of the investor.

  • A capital gain /loss arises when an investor sells any number of units of Mutual Funds
  • An investor receives a dividend in proportion to the number of units held at the time of announcement of dividend, which gets distributed by companies to investors when they earn a surplus.  

Tax on Capital Gains Received from Mutual Funds:

The capital gains depend on the period of holding (short term or long term) and the type of capital asset.

  • In the case of Equity Mutual Funds, an investment tenure of less than 1 year (12 months) is a short-term investment. Any investment of over one year is a long-term investment
  • Until March 31, 2023, in the case of Debt Mutual Funds, an investment tenure of up to 3 years (36 months) is a short-term investment and any investment of over 3years is considered as long-term. However, from April 01, 2023, capital gains from Debt Mutual Funds purchased on or after April 01, 2023 (i.e. a fund which invests up to 35% of its proceeds in the equity shares of domestic companies) are to be considered as short-term capital gains irrespective of the period of holding.

Fund Type

Short-term capital gains

Long-term capital gains

Equity Funds

15% cess + surcharge

Any gain above Rs 1,00,000 in a financial year is taxable 10% + cess + surcharge

Hybrid Equity-oriented Funds

Debt Funds (Purchased before April 01, 2023)

Taxed at the investor’s income tax slab rate

20% with indexation + cess + surcharge

Hybrid Debt-oriented

Funds (Purchased before April 01, 2023)

Debt Funds (Purchased on or after April 01, 2023)

Taxed at the investor’s income tax slab rate

NA

Hybrid Debt-oriented Funds (Purchased on or after April 01, 2023)

 

Equity funds/Equity oriented funds STT should be paid at the time of sale. In case it is not paid, short term capital gains are taxable at slab rate and long term capital gains are taxable at 20% plus surcharge and cess.

Tax on Dividend* Income received from Mutual Funds:

  • From April 1, 2020, Mutual Fund dividends are taxable in the hands of investors. The dividend income is taxable under the head “income from other sources” at the applicable income tax slab rate for the financial year
  • In addition to such a taxation, the distributor of dividend* income must deduct TDS (tax deducted at source) at a rate of 10%. However, TDS will not be deducted if the total dividend paid by the distributor during the financial year is less than Rs 5,000
  • If the investor fails to provide the PAN to the distributor ,TDS will be deducted at a rate of 20%
  • For Non-Resident Individuals, TDS is required to be deducted at the rate of 20% subject to the Double Taxation Avoidance Agreement (DTAA), if any.

*As per the Securities and Exchange Board of India’s (SEBI) circular, ‘Dividend Plan’ is renamed as ‘Income Distribution cum Capital Withdrawal Plan’ or ‘IDCW Plans’ with effect from April 1, 2021 .

Selecting a Mutual Fund is a two-step process – selection of the Mutual Fund category and selection of a scheme in that category.

Select the Mutual Fund category on the basis of the investment objective, time horizon and risk tolerance.

After selecting the Mutual Fund category, choose a Mutual Fund scheme within that category on the basis of its relative performance vs benchmark & its category and consistency of performance. The other important aspect in the scheme selection process is the AMC track record, fund manager’s experience, scheme’s Asset Under Management (AUM) & Expense ratio.

VIEW ALL FAQS

DISCLAIMER

Mutual fund investments are subject to market risks, please read all scheme related documents carefully. ICICI Bank Limited shall not be liable or responsible for any loss or shortfall resulting from the operations of the Mutual Fund scheme. Terms and conditions of ICICI Bank and third parties apply.