New investors can easily feel lost when trying to make decisions in the world of mutual fund investments. ICICI Prudential Mutual Fund rises as a ray of light for investors who are seeking efficient and sound financial planning for their investments. However, for a better investment you can opt for a SIP calculator. Here is a step-by-step guide to some pertinent features that make ICICI Prudential Mutual Fund suitable for novices and genuine money-making investments.
1. Understanding the Mutual Fund Landscape
Mutual fund is one of the most effective investment instruments that has been developed to enable many people to invest their money collectively to form a share investment pool. However, there is one experienced player in this financial space – the ICICI Prudential Mutual Fund which approaches the investment concept much more elaborately. Over 31 years of operation and AUM of ₹8,73,342.19 crore makes the fund a credible and efficient option to invest under with a wide variety of schemes and products that cover all kinds of investor needs and risk profiles. For beginners – you can calm down in the experience and professional management of the fund.
2. Diverse Investment Options for Every Investor
The largest strength of ICICI Prudential Mutual Fund is a wide range to select the investments that are available in the market. The open-end funds, closed-end funds, equity funds, debt funds, bond funds and funds that combine characteristics of both equity and debt available in the market let an investor select a fund that provides him with utmost satisfaction. The fund comes with unique plans such as the infrastructure fund, the small cap funds as well as retirement schemes so that at least there is an option that each investor will find ideal. For the beginners, it offers 319 different schemes so that you won’t be overburdened with the investment options. Besides, the ability to buy funds through SIPs or single lump sum investments also makes the product attractive to first-time investors.
3. Risk Management and Performance Tracking
Risk management remains one of the strongest foundations for profitable mutual fund investments. Like most of the investment firms, ICICI Prudential Mutual Fund offers clear scores that help investors to invest with confidence. Fund’s past performance, specifically the three-years return of each of its schemes during the period it has been in operation, shows that the investment strategy of the fund is tight. Newcomers can use the level of detail regarding performance, risk, and return which they can take advantage of the software’s improved analysis. Such commitment to ensure proper information that can be understood by any new investor makes the fund prepare and pass proper information that will help such investors to make proper investment decisions.
4. Minimal Investment Requirements and Accessibility
The most notable strategy that has been espoused at the ICICI Prudential Mutual Fund has been the democratization of investment. The fund allows people to invest in creating wealth with a minimum investment of ₹ 100 to its company. It means that it helps investors start their investing process without hitches via app and website purchases. These young talented people can also do their KYC and establish their accounts in less than 48-72 business hours easing traditional entrance. The simple and intuitive design of the site and availability of all the needed information allow even the most financially illiterate person to make appropriate decisions regarding investing.
Conclusion
Entering into an investment agreement with ICICI Prudential Mutual Fund means making a smart choice for novices willing to achieve financial success. It provides an exposure to a vast range of investments in the mutual funds, tracks performance highly transparently, and seeks to educate the investors, making it suitable for amateurs in terms of mutual funds.
