Icici freedom sip

By 2031, the population of people more than 65 years old is expected to grow the fastest (75%) among all the age groups. The only way to ensure a safety net for the golden years is by fast tracking financial freedom by investing as much money as early and frequently as one can. It is necessary to create a stream of passive income which will take create of one’s lifestyle needs. Hence, a goal like retirement planning should be well thought out. Investors, in general, tend to overestimate the ability to create the required nest egg. This is largely because purchasing power of money decreases over the years. As a means to help address all of these requirements, ICICI Prudential Mutual Fund has made available to investors features like Freedom SIP, Freedom SWP and more recently the fund house has launched an industry first feature known as Booster STP. What is Freedom SIP? Stage1: SIP will be registered into an open ended equity, hybrid or fund of funds scheme for a pre-defined period of 8 years, 10 years, 12 years or 15 years under a monthly frequency. Stage 2: On completion of the chosen SIP period, the units accumulated through Freedom SIP are transferred to a pre-selected target scheme which is mostly a hybrid fund. This ensures the corpus generated over the years is not exposed to the undue risk which the equity market presents. Stage 3: Post the transfer, a systematic withdrawal plan popularly known as SWP is activated. If an SIP is registered for 8 years, then the month...

A better option than Dividend Payout– Know How? As per the recent Finance Act (2020), Dividend income is taxable in the hands of the recipient according to their applicable tax bracket. Along with that Mutual funds will also deduct tax at source (TDS) at the rate of 7.5%, if the amount of dividend exceeds Rs.5000 in a year for resident individuals.Watch video to know more.*For TDS rates applicable to non-resident investors please refer to Statement of Additional Information on the website of the AMC. How does Freedom SWP work? Unlike SWP, which allows investors to withdraw fixed amount at regular intervals (typically monthly), Freedom SWP allows investors to periodically withdraw a fixed amount i.e. 6% p.a. from the investment corpus, along with an option of Yearly Top Up of either 3% p.a., 4% p.a. or 5% p.a. (per annum). Disclaimer :- ICICI Prudential Freedom SWP enables investors to withdraw the investment corpus in systematic and timely manner. Investors can choose the Top Up % for withdrawals to meet their recurring and future expenses. SWP shall be processed till units are available in the scheme or till end date specified whichever is earlier. This feature is available only under select schemes. Please read terms and conditions in the application form before investing or visit www.iciciprumf.com. This facility should not be associated or confused with Freedom SIP; the two are separate facilities provided by ICICI Prudential AMC Limited.Payment of dividend is subject ...

ICICI Prudential Freedom SIP Plan Details ICICI Prudential Mutual Funds is offering a unique feature called freedom SIP which it says would help you in achieving investor financial goals. One can invest as low as Rs 500 per month and opt for this SIP Freedom feature from specified ICICI Pru Mutual Funds. What is ICICI Pru Freedom SIP and how does it work exactly? What are the features of ICICI Pru Feedom SIP Plan? Are there any hidden factors an investor should know before investing in such SIP plans? This article is based on the request on to suggest a topic to do a Freedom SIP Plan review. Also Read: Top Index Mutual Funds to invest in India What is ICICI Pru Freedom SIP and How does it work? Freedom SIP is a unique feature offered by ICICI Pru Mutual Funds which would allow investors to achieve their financial goals. This feature would allow you to invest regularly through Systematic Investment Plan (SIP), however, benefit from regular cash flows with a Systematic Withdrawal Plan (SWP) after the completion of SIP period indicating it as financial freedom. What is ICICI Pru Freedom SIP work exactly? Here is how it would work: 1) Invest through SIP: You need to register for monthly SIP into an open ended equity, hybrid or fund of fund schemes specifically indicated for a specific period of either 8 years, 10 years, 12 years or 15 years. One should note that minimum SIP amount would depend on the individual scheme referred here. 2) Switch to targeted mutual fund schemes: O...

ICICI Prudential Freedom SIP is an optional feature that allows initial investments through SIP, switch to another scheme after a pre-defined tenure and SWP post that. The SWP will be processed either till Dec 2099 or till the units are available in target scheme, whichever is earlier. Please read terms and conditions in the application form before investing or visit www.iciciprumf.com ICICI Prudential Freedom SIP is an optional feature offered by ICICI Prudential AMC. This feature does not in any way give assurance of the performance of any of the Schemes of ICICI Prudential Mutual Fund or provide any guarantee of withdrawals through SWP mode. Freedom SIP allows investors to switch the SIP investments to a target scheme, post completion of the SIP tenure & monthly SWP will continue from the target scheme Freedom SIP will switch your redemption to the target scheme. In words lets take an example: You have invested Rs.100 in this plan. As per the rules of ICICI investment plans you have a lock-in period of 8,10,12 or 15 years. We are taking 10 years of lock-in-period. After completing the maturity period your investment will switch to the target schemes and you can keep withdrawing some amount like 2,000 by the means SWP. In addition, this is the combo that Freedom SIP is offering and it works like this. ICICI Pru BAF: ICICI Prudential Balanced Advantage Fund. Pru: Prudential Please refer to the terms & conditions in the application form for further details. ICICI Prudentia...