Give Your Wealth a Golden Chance to Grow by Investing in ICICI Mutual Fund

Before you start investing in mutual funds, there’s a need to acquire a thorough check on the objectives and related characteristics like risk appetite, purchasing power, and preferred investment period. But out of the various options available, it’s difficult to select the best one and a wrong decision could land you in chaos. ICICI Mutual Fund – one of the rapidly flourishing mutual funds in India – is far away from the word “difficult to choose”, as it has achieved a remarkable stature in the market by giving lucrative returns to the investors. It provides investment plans which are geared to achieve the desired objectives in the chosen time period. All the products offered by ICICI MF have been performing reasonably well in the market, and have enabled many investors in extracting significant profits. Let’s learn more about this fund house and what it has to propose to its different clients –

A Brief Intro
ICICI Prudential Asset Management Company Ltd. is one of the foremost AMCs in India, that focuses on mending the distance between savings & investments and generating long-term wealth for investors through a wide range of simple and reliable investment solutions.

The AMC is a conglomerate of ICICI Bank, a renowned and respected brand of financial services firms in India, and Prudential Plc, which is one of UK’s most prominent players in the financial services sector. During the successful years of this joint venture, the company has engraved a position of prominence in the Indian Mutual Fund industry.

The Kinds of Products Offered

1. Diversified Equity Funds – Get High Returns with Minimum Risk Exposure : Since diversification is a crucial aspect to consider while investing in the equity markets, diversified equity funds are well-known amongst the investors. These funds place the investor’s money in different sectors, thus diminishing the risk of massive crunch of investment in situations of high tension in the market.
2. Debt Funds – For Steady Influx of Income : There is a huge gang of investors who desire to incorporate stability in their income and draw steady returns. ICICI Prudential AMC does hold a solution for all kinds of people in the skin of debt schemes. The funds in this category primarily invest in the debt and money market instruments, and assist in drawing consistent returns by the way of interest or dividend.
3. Balanced Funds – Enjoy Growth with Safety : A Balanced Portfolio is a unique mix of equity and debt funds, both being given reasonable weights in the portfolio. Equity funds comprise of a variety of diversified and large cap funds, while on the other hand, debt funds cover hybrid securities and balanced funds. A normal distribution system for balanced funds stands at 60% of the total amount placed in diversified and large cap category, while up to 35% of the investment amount is stashed into hybrid category.
4. ELSS Funds – Saving Taxes Made Easy : Returns and growth are both very tempting, but when it comes to slice off a big part of the return and pay to the tax authorities, the temptation disappears. This is where the ELSS funds come to the rescue. Investment in these funds allows a heavy deduction of Rs 1,50,000 under section 80C from your taxable income and thus, helps to save as high as Rs. 46,350/- on your total tax liability.

Investments in the best mutual funds is certainly not easy, and comes with its own challenges that require expertise and skill to handle them well. However, using the services of MySIPonline- an online investment portal – you can invest in a variety of high potential schemes that ICICI Prudential MF provides.