1. What is ‘One Click Investment’ under Mutual Fund?
‘One Click Investment’ is created on popular demand of our customers under Mutual Fund section in ICICIdirect.com; through which users can invest in a basket of schemes in few clicks. The Mutual Fund schemes in these baskets have been identified by our award winning research after extensive analysis on both qualitative and quantitative parameters and have consistently outperformed the benchmark historically.
2. What are the benefits of investing in basket of Mutual Funds listed under ‘One Click Investment’?
Each Mutual Fund scheme listed under ‘One Click Investment’ are backed by our Research Recommendations that have consistently outperformed the benchmark historically
Users can view the historical return of the basket against benchmark in an easy to understand Chart before investing into it. Separate charts are displayed against different basket and Lump Sum / SIP wise
Option to invest 'One Time' (Lump Sum) or 'Monthly' (SIP) in any listed basket is available
Flexibility of opting system based distribution of "investment amount" against the schemes OR one can choose his/her own distribution pattern as well
For investment in "Monthly mode" (SIP) users can view "Future Value" of his investment in absolute terms as well as in a wonderfully designed Chart. This will help the users to re-arrange the investment amount if required
Users can define 'Goal' and 'Goal description' for each basket of investment under 'One Click Investment'. This will help investors to track their Goal performance that will be displayed Goal Wise in user’s Mutual Fund Unit Holding page
Under Mutual Fund Portfolio users can see a new tab "One Click Portfolio" that will help him to track his investment separately
With 'One Click Investment', customized notifications on changes if any, in the underlying schemes would be sent to you via an Email and/or Mobile App notification
Mutual Fund Transaction charges are not applicable for investments done through One Click Investment
3. Can I place Lump sum and Systematic Investment Plan (SIP) orders in Portfolios listed under One Click Investment?
Yes, one can place Lump Sum order and also set up Systematic Investment Plan (SIP) in basket of listed Mutual Funds under 'One Click Investment'
ICICIDirect.com » Trade & Invest » Mutual Funds » One Click Investment
4. Can I start a new One Click Investment in an existing Folio?
No, each One Click Investment will be always in New Folio only
5. Can I set ‘Nominee’ and ‘Joint Holder’ for investments in Portfolios listed under One Click Investment?
Yes, users can set up 'Nominee' and 'Joint Holders' (as registered in their ICICIdirect.com account) while setting up a fresh investment. The system gives option to enter these details in One Click Investment Order Page. The Nomination & Joint Holders will be for the entire basket and not scheme wise
6. Can I modify existing One Click Investment with Monthly Mode (SIP)?
No, One Click Investment (SIP) cannot be modified. However users can use the option "Invest More" to increase his investment in any specific One Click Investment basket. SIP Period in One Click Investment is by default Valid Till Cancellation i.e. SIP would continue till it is cancelled by the user
ICICI Direct.com » Trade & Invest » Holding & Services » Portfolio » One Click Portfolio » Invest More (Under 'Action' column)
7. Can I change the ‘Goal’ of an existing One Click Investment?
Yes, users can change the 'Goal' of any existing One Click Investment with below path
ICICI Direct.com » Trade & Invest » Holding & Services » Portfolio » One Click Portfolio » Change Goal (Under 'Action' column)
8. Can I discontinue any existing ‘One Click Investment’ with Monthly Mode (SIP)?
Yes, user can discontinue an existing One Click Investment (in Monthly mode-SIP). However in such case the future investment of the entire One Click Investment Portfolio will be cancelled. Cancellation of SIP of any one scheme under One Click Investment is not possible
9. What to do if the “Research Recommendation” of a Scheme in any existing basket under ‘One Click Investment’ changes from BUY to SELL?
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 » Trade & Invest » Holding & Services » Portfolio » One Click Portfolio
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 amount of units in the new 'BUY' recommended scheme or b. or to "Sell All Units" and buy an equivalent amount of units in the new 'BUY' recommended scheme
User will select his/her option as mentioned in point-v 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 installments will be stopped for 'SELL' recommended scheme and will start with the new 'BUY' recommended scheme
10. Can I redeem from an existing ‘One Click Investment’?
Yes, redemption request can be placed for units of any one scheme or for all schemes from an existing One Click Investment Portfolio.