Why ICICI Mutual Fund Schemes Are So Popular Among Common People?

People have started to understand the importance of investing as compared to saving from the past few years. And thanks to the monumental efforts to make people aware of the advantages they can get by investing in mutual funds and how they can trust it. You must have heard the latest advertisement for the mutual funds with the saying ‘Mutual Funds Sahi Hai’. Nowadays, there are a number of asset management companies that are providing you the opportunity of investing in a range of mutual fund schemes.

ICICI mutual fund schemes are considered to be the best to invest in when it comes to the suitability of financial goals and risk appetite because these are two most important things that one should look before investing in any kind of mutual fund schemes. These funds are managed by the ICICI Prudential Asset Management Company Ltd. which is the leading AMC of our country with the investor base of over 4 million satisfied customers. In this article, we will be telling you about the various types of ICICI mutual fund schemes. So read on!

What are the various kinds of Mutual Fund Schemes by ICICI Prudential AMC?

There are mainly three types of ICICI mutual fund schemes in which you can make an investment. Each fund serves the different financial goals of someone becasue when someone invests in any mutual fund scheme, then he expects a certain goal from it. The three types of schemes by ICICI are equity, debt, and hybrid.

An equity fund helps in getting capital appreciation by investing mainly in equity instruments of different companies while a debt fund helps in generating a regular and stable income over a period with minimum risk attached. Whereas, a hybrid fund is a mixture of both equity and debt mutual fund schemes. This ensures both lucrative returns and stable income with varying asset allocation ratio according to the investment goals. An ICICI hybrid mutual fund has a moderate to a low degree of risk percentage.

Some of the top-performing ICICI mutual fund schemes are ICICI Prudential Focused Bluechip Equity Fund, Technology Fund, Equity & Debt Fund, Liquid Fund, Nifty Next 50 Index Fund. Before investing any mutual fund schemes, you must check its past performance and if it is aligning with your financial goals.

How can you make an Investment in an ICICI Mutual Fund?

There are mainly two methods by which you can make an investment in an ICICI mutual fund - Lumpsum and SIP. It depends on what kind of amount you are carrying with you. If you have a large chunk of money at your disposal and want to invest it in one go for a fixed period, then you can opt for the Lumpsum method. If you want to invest through SIP method, you would have to deposit a certain amount at a regular interval for a fixed period. This interval can be weekly, monthly, yearly, etc.

If you want to check your ICICI mutual fund statement online, you can get it on the official website of ICICI mutual fund by feeding your folio number and the date range. It will be sent to your registered email address.