Such a situation is not so frequent. However, if such a situation arises where 'Recommendation' of a Scheme in existing Portfolio under One Click Investment changes from BUY to SELL by our Research Team then following facilities are provided:
• Such MF Scheme will be marked as 'SELL' under Research Recommendation column in One Click Investment Portfolio Page.
ICICI Direct.com » Mutual Funds >> Holdings >> My Portfolio >> select Type – ‘One Click’
• On clicking 'SELL' the user will be taken to a new page called 'Rebalance'.
• In the top section of Rebalance page the Scheme with 'SELL' recommendation will be displayed along with the "Units & value in Short Term", "Units & Value in Long Term" and "Total Units & Value".
• Below this, the new 'BUY' recommended scheme will be displayed.
• Customer will be provided with options a) to either "Sell only units under Long Term" and buy an equivalent number of units in the new 'BUY' recommended scheme or b) to "Sell All Units" and buy an equivalent number of units in the new 'BUY' recommended scheme.
• User will select his/her option as mentioned in above point and proceed.
• On successful 'Rebalance' request placement, the units from 'SELL recommended scheme will be redeemed and units from 'BUY' recommended scheme will be purchased and credited into user’s same One Click Investment Basket from which the 'Rebalance' order would have been placed as per defined TAT. Currently the TAT is 6 MF working days.
• If the 'SELL' recommended scheme is a part of One Click Investment - Monthly (i.e., SIP) then after successful 'Rebalance' order placement the customer will be given an option to change the SIP from 'SELL' recommended scheme to 'BUY' recommended scheme.
• If the user opts this option, then his future SIP instalments will be stopped for 'SELL' recommended scheme and will start with the new 'BUY' recommended scheme.