Transcript Slide 1 - ICICI Direct

www.icicidirect.com
How to invest in MF
online?
Mutual Funds pool savings of a number of investors
under a scheme and invest the same in a variety of
financial instruments as per the stated investment
objectives. The investment objectives specify the
class of securities a Mutual Fund can invest in.
The income earned from these investments and the
capital appreciation thereon is shared by the
scheme’s unit holders in proportion to the number
of units owned by them.
Click on
Login
This is the main page of ICICIdirect.com
Enter your User ID
Enter password
Click here
With your User ID and password you can
access the entire site
This is the main page of the Mutual Fund section
Select your Non-PINS account (NPNRE or
NPNRO for investment on repatriable or nonrepatriable basis respectively)
You can allocate funds for investment in Mutual Funds by
‘Adding’ Allocation for ‘Mutual Fund, IPO & Others’. You can
make purchases only to the extent of the amount of Available
Limit
You can also check at any time, the amount which can be
further invested in Mutual Funds.
Click on ‘Place Order’ link to place an order. Select the Mutual
Fund Company in which you want to place your order.
Along with the Fund Name, you can select the type of
transaction from the following:
Purchase – To make fresh investment in a Scheme.
Redemption – To redeem your existing investment in a
Scheme
Switch – To redeem your existing investment in a Scheme
and invest the proceeds in another Scheme of the same
Mutual Fund
Systematic Investment Plan – To give a Standing order to
make ‘Purchases ‘ automatically at specified intervals in a
Scheme.
Systematic Withdrawal Plan – To give a Standing order to
make ‘Redemptions’ automatically at specified intervals
from a Scheme.
Transfer In – To transfer your offline units held in a Scheme
to online units on ICICIdirect so that redemption can be
Select the type of order you wish to place
Select a scheme from the schemes offered by the Fund
selected by you and then click on Go.
Please note that if your request is placed after the cut-off time specified against
the Scheme, it is considered along with requests placed on the next business day.
This impacts the rate (Net Asset Value or NAV) at which your request will be
In case of Purchase, you have to input the amount you wish
to invest and then proceed for confirmation. Also check the
entry load and exit load of the Scheme by clicking on the
You can check the status of your order in Order book. Your
order can be under one of the four stages.
Ordered: Order has been received by IWTL and will be sent to
the registrar for processing.
Under Process: The order has been sent to the registrar for
processing and a confirmation is awaited.
Executed: The order has been accepted by the registrar. In
case of Purchase, units have been allotted. In case of
Redemption, the redemption proceeds will be credited by the
Mutual Fund as per the payout Schedule.
Rejected: The order has been rejected by the registrar.
You can also check the status of orders over past dates by
entering appropriate from and to dates
Order book gives the details of all the orders placed.
‘Unit Holdings’ give you a details of your holdings you have
in the schemes of all mutual fund companies. Click on ‘View’
to view details of transactions done by in a particular
In case of Redemption, you have to input either the no. units
or the amount you wish to redeem and then proceed for
confirmation.
‘Switch’ option enables you to transfer funds from one
scheme to another scheme of the same AMC. You need not
carry our separate redemption and purchase transactions for
Under ‘Systematic Investment Plan’ you can decide upon the amount and
the time intervals at which you wish to make fresh investments in a
particular scheme. Automatically on the said dates, money will be debited
from bank account and a purchase request will be sent to the Mutual
Under ‘Systematic Withdrawal Plan’ you can decide upon the amount and
the time intervals at which you wish to redeem investments from a
particular scheme. Automatically on the said dates, a redemption request
will be sent to the Mutual Fund and the funds will be credited by the
Mutual Fund to your bank account.
If you have existing investments in Mutual Funds made other
than through ICICIDirect, you can convert them into online
units on ICICIdirect. For this you need to fill in the TI request
form and take a NOC letter from your existing distributor and
submit the two to ICICIDirect.
TI book gives you the status of the Transfer In requests
placed by you.
You can modify the current Dividend re-investment option for all Dividend
schemes through the ‘Modify Dividend option’ hyperlink. A blank signifies
that dividend is to be paid on declaration. A tick signifies that the dividend
payable on declaration is to be reinvested automatically in the same
Scheme for fresh units.. Update as desired and click on ‘Modify’ to
The screen on clicking ‘Dividend Payout’ link will give you
details of dividend that have been credited to your bank
account for the specified period and specified Fund(s).
Cash flow section provides the details of funds flow in and
out of your bank account, resulting out of redemption and
purchase transactions respectively.
This page will help you track all the dividends that have been
declared by a company.
The ‘mutual funds’ section on the website has rich
information and ‘Finder’ tools to help you take an informed
investment decision. It will help you decide on the Mutual
Fund and its Scheme in line with your objective.
Happy
Investing!!!!!