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:

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.