How to Reattempt Missed SIP on ICICI Direct?

New to trading? Watch now to learn how bracket orders on the ICICI Direct app can help you trade smarter, protect profits, and manage risk like a pro.

Confused about the Capital Gain Statement? This video explains what an equity capital gain statement is, how it helps in tax filing, and how to download it step-by-step via the ICICI Direct app and website. Stay tax-ready and on top of your investments with this simple guide!

A contract note is a legal document that breaks down your trades, prices, brokerage, and taxes. Learn how to read it, track hidden charges, and download both your contract note and fund statement from ICICI Direct in just a few clicks.

Learn how to update your mobile number and email ID on the ICICI Direct app and website in just a few steps. Follow this quick guide for a hassle-free contact detail update using Aadhaar e-sign.

This quick guide walks you through the re-KYC process on ICICI Direct in just a few easy steps—from DigiLocker login to live photo capture and e-signing. No stress, no confusion—just everything you need to get it done smoothly!

Ran out of funds while trading? Don’t sell your shares—pledge them! In this video, learn how to use Shares as Margin (SAM) on the ICICI Direct website to unlock instant trading limits using your existing holdings.

Watch this video to learn the complete step-by-step process – from pledging, checking status, unpledging, to reallocating limits across segments on the ICICI Direct platform.

Ever opened your demat account and wondered why some shares aren’t tradable even though they’re credited? Watch  this quick video to learn why it happens and how to manually allocate those shares in just a few clicks.

How does the IVR scam work and why is it so dangerous? Watch this short video for a detailed explanation!

Did you know that corporate actions such as dividends, bonuses, splits, and rights issues can affect your MTF position? But before we have a look at that, let’s go back to the basics of the Margin Trading Facility (MTF).

MTF Basics

When you buy stocks using MTF, you pay only a part of the total transactional value, while the rest is funded by ICICIdirect. It’s important to note that the stocks purchased under MTF are held in your Demat account but remain under the pledge (PL) status since you have not fully paid for these positions.

Now that you understand the basics, let’s explore how corporate actions affect your MTF positions.

Effect of Corporate Actions on MTF Positions

1. Dividends

   You are eligible to receive the full amount of the dividend as long as you hold the stock on the record date.

2. Bonus, Splits, Mergers, or De-mergers

   For corporate actions such as bonuses, splits, mergers, or de-mergers, you must convert your MTF positions to delivery by paying the full amount before the record date. You will be informed about the last date until which you can hold your stock under MTF. After this date, your positions will automatically be squared off.

Rights Issues

You are eligible for rights issues provided you convert your positions from MTF to delivery before the record date.

Have you received messages about guaranteed IPOs or high stock returns? Fraudsters use these tactics to deceive investors. Watch this video that will help you spot scams and stay safe

Investing can be complicated, but what if you could simplify it all with just one click? Watch this video to learn how to invest in ICICI Direct's One-Click Equity Baskets to invest in trending market themes in just a few clicks!

Watch this detailed video to learn how to place order using request library of python

Watch this short video to learn how to set up commodity research recommendation notification on the ICICI Direct App

Watch this informative video to learn how to fetch option chain and historical data through C# on ICICI Direct

Watch this short video to learn how to convert your intraday positions to delivery on ICICI Direct

Watch this video to learn how to setup Breeze API in C# on ICICI Direct

Watch this video to learn how to check the interest charged on your MTF position on ICICI Direct

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Watch this video to learn how to use websocket for live data streaming on ICICI Direct

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Watch this short video to learn how to pledge shares bought in MTF on ICICI Direct

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Watch this video to learn how to trade butterfly strategy with Breeze API on ICICI Direct

Watch this short video to learn how to view momentum picks on ICICI Direct

Watch this short video to learn how to use instant fund withdrawal with eATM on ICICI Direct

Watch this short video to learn how to understand market depth analysis on ICICI Direct

Watch this short video to learn how to view Gladiator stocks on ICICI Direct

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Watch this video to learn automated trading  via Execution Algos on ICICI Direct

Watch this short video to learn how to easily manage your Stock SIP: Pause, modify or cancel on ICICI Direct App

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In this video, learn how to buy/sell an Options contract by following simple and easy steps on the ICICI Direct app

In this video, learn how to buy/sell an Options contract by following simple and easy steps on the ICICI Direct app

Watch this short video to learn how to check your open position on ICICI Direct App easily

Those who are courageous often find success, and it's important to learn from our errors. Don't pass up this unique opportunity to hear from a genuine industry leader and gain valuable insights in this video

Watch this video to learn how to use the readymade option strategies of Breeze API

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As youngsters we always think about investing somewhere or growing our savings. The question is, “Where should we do this?” Invest in mutual funds. A mutual fund sectors size, asset class, and flexibility are generally considered when classifying it. The two types of funds are open-ended funds and close-ended funds.

Open-ended funds are available to investors continuously, whereas close-ended funds are available only for a limited amount of time. Let us understand the difference between these two, availability is the first. It is only possible to purchase close-ended funds during new fund offers or from the stock exchange after they have been listed. Open-ended funds can still be subscribed to after the nfo closes and units can be redeemed whenever they want. Close-ended funds however liquidate when they reach maturity and the money goes to the subscribers based on their holdings. Only a few open-ended funds can be converted into closed-ended funds.

The second one is a fixed corpus. Contrary to open-ended funds, closed-ended funds have a fixed corpus and a fixed term, usually around 3-5 years. Close-ended funds require you to block those funds for a while, open-ended funds however let you buy and sell whenever you want.

So, guys there are two more differences that will give you accurate information on open and close-ended funds, liquidity and listing. Liquidity for open-ended funds is provided by the fund itself while liquidity for close-ended funds is provided by the market. Conversely open-ended funds aren't listed on the stock exchange and handle all transactions themselves. Funds listed on reputable stock exchanges provide liquidity to investors.

Looking at the fourth aspect, it's the unit price. There's no limit how much you can trade on open-ended mutual funds at their current nav. NAV stands for net asset value which is just another name for unit price. Due to the fact that close-ended schemes trade on stock exchanges their prices may differ from their nav. In addition to this there are also some technical differences between these two so you have to make a wise choice when you do need to make investments and think about your future business establishment.

Systematic Investment Plan or SIP, if judicially used by investors can actually be that tool that can help people retire early by saving early. But one has to be cautious with type of mutual fund schemes he/she chooses. To exploit the full potential of SIP one point is clear, that one has to start investing in SIP at a young age. As more the time, more the gains from the compounding effect.

Let us understand with an example:

As one SIP calculator shows that if one starts investing Rs 1,000 per month, then assuming a return of 10%, the amount at the end of 20 years, this investor would get is Rs 7,18,259 due to the compounding effect.

Now, we will try show the power of investing an SIP at an early age. According to another SIP calculator, if a 25-year-old starts an SIP of Rs 5,000 per month, then assuming 12% return, the investor would have Rs 2.76 cr when he retires at 60. While another person who starts investing at the age of 30 years would get Rs 1.54 cr at 60. Clearly, a gain of Rs 1.22 cr for starting early. Clearly, it’s a big-big advantage for early birds. From this example it clear, the delay in SIP could cost you the few crores.

Smart financial planning is one of the basic principles for realising your dreams. For example, if you want to buy a house or luxury car, you need to plan for it early. So, you have to save and then invest the savings intelligently. Always remember that reducing tax liability is a saving too. Now, if you can save tax and create wealth simultaneously, wouldn’t it be icing on the cake it.

Systematic Investment Plan or SIPs are the simplest tool to save tax and create wealth in one go. All that you have to do, is to invest in Equity Linked Saving Schemes or ELSS, which are tax saving schemes of the mutual funds. You can invest in ELSS via SIPs. For ELSS investments using SIPs, the government allows you the deduction of up to Rs. 1.5 lakh from your taxable income. You save more than Rs 45,000 if you are in the 30% tax bracket.

You can start an ELSS SIP with the minimal amount of Rs 500. However, you can increase the amount whenever you want to. To start SIP you have to fill a form, offline or online. In the form you have to give your bank account details for auto-debit. You have the flexibility of choosing the frequency, i.e. weekly, monthly, quarterly, or yearly. And yes, SIP gives you the option of choosing a date too. ELSS SIPs not only save tax but offer you other advantages too. On an average you get returns of nearly 15% over 5 years. Almost more than double that you get on PPF, FD, or NSC investments. These returns help you create wealth.

With a lock-in period of just 3-years, it gives you more liquidity than PPF for example, where the lock-in is 15-years. Advantages don’t end here. Unlike insurance policies or PPF, there are no penalties for missing your installment. You can deposit after the due date and your SIP continues. However, if you miss three consecutive installments, then your SIP gets cancelled and you then have to fill a form again for restarting your SIP. So, you should maintain adequate bank balance on your SIP date.

Now, let us look at your precautions. Since you ELSS SIP investments go into equities, you must assess your risk appetite before investing in this instrument. Once into it, ensure adequate balance in your account on SIP date.

What is the best and safest way to invest in stock markets. Well, undoubtedly systematic investment plan is the best instrument. Systematic investment plan is commonly known as SIP, it gives you an opportunity to invest in shares indirectly and thus minimizing the risks of direct investment in shares. SIPs are offered by all mutual funds and once you subscribe sips, experts of mutual funds invest your money in various debt and equity instruments in a manner that with minimum possible risk you get reasonable returns on your investment. Simply put, in SIPs you gain when market zooms, but don't lose much in case of a crash.

How to subscribe SIPs?

You have the option of subscribing it yourself online or you can ask a broker to do it for you. You can even download a form fill it and then deposit it at the nearest office of your chosen mutual fund. For many mutual funds a company called CAMs handles all the paperwork, so you can even visit a CAMs office near you.

Applying SIP: Yourself vs Broker

Now, a look at the advantage of not going the broker way. If you do all the paperwork yourself and go for direct plans then you will not have to pay commission. The commission in case of brokers is small but over a long period it leads to substantial outgo from your returns.

Documents needed for SIP

You may like to know the documents needed for SIP. When you apply for an SIP, you would need copy of Aadhar card for address and id proof plus copy of PAN is mandatory. That is, you must have a pan if you want to subscribe SIP. Since amount fixed by you will be directly debited from your account so you are required to submit a check for the first instalment in case you are applying offline. This gives your bank details to the mutual fund for future auto debit facility.

Number of subscribers in SIP

How many family members can apply a single SIP you may be thinking. you can hold it solely or jointly with others. All holders are required to sign the form and submit PAN and Aadhar details. In case of minors, guardian details are required. In case you want to withdraw money then it will go to the account from which investments were being debited.

Key facts to remember

Here's something very important that you need to know while subscribing a SIP. While applying for the SIP always mention a nominee, this will ensure hassle-free withdrawal or transfer of SIP in name of nominee in case the primary holder suffers untimely death.

Are ETFs and Mutual Funds really two different things? Let’s find out.

What are Mutual Funds?

Mutual Funds are professionally managed investment schemes wherein the fund manager pools together the money from several investors to invest in a variety of securities as per the predefined objectives. SEBI has classified mutual funds into different types, one of which is an ETF.

What are ETFs?

Exchange Traded Funds or ETFS are mutual funds that replicate a specific benchmark index. For instance, an ETF can mirror BSE Sensex 30 index. ETFs are traded on the stock exchange where you can buy and sell ETF units just like a share.

Mutual Funds vs ETFs

How to buy ETFs and Mutual Funds?

Whether you decide to invest in Mutual Funds or ETFs, you will need a demat and trading account to buy and store your securities. Consider opening one with a reputed broker like ICICI Direct.

Start small

In some funds, we can start with Rs. 100 per month.

Invest with discipline

Regular monthly investments are better than ad-hoc investing.

Pay automatically

SIPs are convenient. You can have yours auto-debited!

Lower your risk

Lump sum investing exposes you to volatility risk.

Reduce cost ownership

SIPs reduce cost of ownership in volatile markets over the long-term.

Lumpsum Investment Systematic Investment Plan You invest a large sum in one go. You invest small amounts periodically, like every month. Ideal when prices are not volatile and are likely to steadily rise. Best in most conditions, but particularly when markets are volatile. You must time the market to get the best returns. You don’t need to time the market; just keep investing regularly. Good for seasoned investors, who have a higher risk appetite. Good for most investors, who prefer lower risk. Good for investments in liquid funds, which provide stable returns. Great for investments in equity mutual funds, where returns are volatile.