The Schemes of Freedom SIP categorize under the categories of Target schemes and Source Scheme. Picking up the right target scheme is very important.īut what are the target schemes that your investment will switch into? Eligible schemes under Freedom SIP In addition, this is the combo that Freedom SIP is offering and it works like this. After completing the maturity period your investment will switch to the target schemes and you can keep withdrawing some amount like 2,000 by the means SWP. We are taking 10 years of lock-in-period. As per the rules of ICICI investment plans you have a lock-in period of 8,10,12 or 15 years. In words lets take an example: You have invested Rs.100 in this plan.
However, from the above image, it’s very clear that freedom SIP will switch your redemption to the target scheme. But the condition to get the profit amount is you have to stay investment till the lock-in-period. You can withdraw them together as well and continues to invest in SIP. This image will explain how you invest in freedom SIP and after the lock-in period is over you will get the profit amounts every year. Means, when your maturity period is over you, will get up to 10%, 8% or 6 %. Another point of taking Freedom SIP as an investment is that if you stay investment on the lock-in periods like 8 years in the 9th year you will be given the amount you invested in starting as a profit.Normal SIP also gives offers but they never offer this type of benefit.
This is basically the added feature by the ICICI prudential only.
ICICI Prudential Freedom SIP is an investment that allows the investor to meet their financial goals. So, start investment today with ICICI Prudential. savings decrease they will stay constant or increasing. They will never let your ‘Passive Income’ i.e. The savings (Passive Income) you make that’s the passive income it is used at the time of emergency and never stays stable keeps decreasing.
For living a standard life & keep your savings safe forever even after Retirement starts investing in Freedom SIP by ICICI Prudential. Your active income ( Salary, Business or Professional Income) does not provide a guarantee of future returns.