Is Icici freedom sip good?
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Is Icici freedom sip good?
Another good feature of the Freedom SIP from ICICI Prudential is that the investment offers you a life insurance cover as follows: Year 1: 10 times the monthly systematic investment plan installment. Year 2: 50 times the monthly SIP installment. 50 lakhs per investor across all schemes/plans/folios.
What is freedom SIP in Icicidirect?
Freedom SIP – Aim for your financial freedom in a systematic way. Combines SIP & SWP – Invest your monthly surplus amount through SIP in line with your expectation of a fixed monthly return (SWP) Financial Discipline – Inculcates the habit of long term investing.
How good is freedom SIP?
That’s why freedom SIP offers Sources Schemes: Hybrid, Equity, and FoF (Funds of Funds) and target schemes. They are working in the funds that will always offer a positive result to the investor. The Freedom SIP is offering a great scheme for all the investors that they will get free life insurance up to Rs.
Can I skip mutual fund SIP?
There is a better way to skip a few SIP instalments if you have any financial troubles. You can stop your SIP by sending a SIP Stop Request to the mutual fund house at least 30 days in advance if you foresee a cash crunch in the future. You can submit the request online or offline through an application form.
Which is the safest sip?
The table below shows the best equity funds:
| Mutual fund | 5 Yr. Returns | Min. Investment |
|---|---|---|
| ICICI Prudential Technology Fund – Direct Plan – Growth | 34.46\% | ₹5000 |
| Aditya Birla Sun Life Digital India Fund – Growth-Direct Plan | 33.94\% | ₹1000 |
| ICICI Prudential Technology Fund | 33.31\% | ₹5000 |
| TATA Digital India Fund DIRECT Plan Growth | 35.44\% | ₹5000 |
Does Icici charge for SIP?
ICICIdirect charges Rs 30 or 1.5\% of the investment value, whichever is lower, per transaction for investing through SIP route. It charges a flat Rs 100 for investing in mutual funds through the lump sum mode.