To invest in Systematic Investment plans through ICICIdirect

• ICICIdirect offers you an unique advantage of creating an SIP (Systematic Investment Plan) in the choice of your Mutual Fund scheme
• To create a SIP you would have to first make a purchase application in the scheme. After the units are allotted, a SIP request can be placed in that scheme.
• Login to your www.icicidirect.com account, go to the Trading section and click on Mutual Funds.
• Click on ' Place Order ' link and select the fund.
• Select type of order as 'Systematic Investment Plan'
• Select the scheme in which you want SIP to be created and submit.
• Choose the frequency of SIP (eg. monthly/fortnightly), period of SIP (number of months/years) and amount you would require to invest. Submit your request. Eg. You require an SIP of Rs. 1000 on 1st of every month for next 12 months.
• Thereafter on the date and frequency specified, the amount would automatically be debitted and corresponding units of the scheme would be allotted to your account.

POINTS TO REMEMBER WHILE INVESTING IN A SIP through ICICIdirect 

• If you have created a Systematic Investment Plan, always keep the following points in mind

• SIP trigger will hit the FREE BALANCE in your Bank Account and not your ALLOCATION / LIMITS. Absence of sufficient balance will result in your trigger being REJECTED.
• Rejection of a trigger in a particular month DOES NOT END your SIP. The remaining triggers will be executed based on the above condition.
• You can MODIFY / CANCEL at any point of time. This option is available in “ View Existing Systematic Investment Plan “ under Systematic Plans.
• Each Systematic Investment Plan is treated as a fresh purchase and entry load as applicable would be charged by the AMC.