The aim of investing in ICICI prudential mutual funds is to earn more money. ICICI mutual fund performance decides the profit. The idea employed in share trading is buying the shares at low cost and selling the shares at high cost. Huge fund investment is required to invest in funds. This fact drives away many people, from investing in funds. Many creative ideas were brought up, to increase the fund investment and share holders. ICICI prudential SIP is one of them.
What is SIP?
Systematic investment plan is a boon to many people. Due to this, middle class people, rural people and peasants started investing in funds. This plan is same as recurring deposit. In savings scheme, money is invested monthly. In systematic investment plan also, monthly installments are paid. NAV is the key term in the funds. NAV stands for net asset value. Usually more units are bought at low NAV, when market is good. When net asset values are high, less units are bought.
There are many ICICI mutual fund plans. Lot of research and data collection is important to select a proper fund and scheme.
- First of all, the return of the particular scheme has to be checked for past 6 months, 1 year and 3 years.
- Next check is the profile of the fund manager. The manager should have good decision making skills. Since, crucial decisions decide the fate of the scheme.
- Important details like monthly installments, entry load and exit load information should be properly collected.
- Discussion with present fund holders will give a better idea.
Next step - Start investing.
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Divya Kannan
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