How to Monitor and Track Your SIP Investments Effectively

A prudent financial strategy means investing your money well. Systematic Investment Plans or SIP investments are a preferred choice as they make buying mutual funds quite easy. There is no need to worry about where or how to invest, expert asset managers do that for you. Your money is diversified and the risk altogether negated. So what’s the deal?

It is your hard earned money: investing and forgetting about it isn’t ideal. Of course, with the market constantly evolving, selecting the right mutual fund to maximise returns is crucial. Investing in suitable SIPs is only one part of the equation. It is equally important to periodically monitor the performance of these funds. Read on to find out why.

Why Monitor SIP Performance?

Just like you would check your progress on a road trip, it is crucial to keep an eye on your mutual fund investments. When you invest in mutual funds for long-term financial goals, various factors like economic events, market changes or unforeseen events can impact the performance of your investments. Regular monitoring ensures that your investments stay on track with your financial objectives. Whether you do it yourself, seek advice from a financial expert or use a mutual fund portfolio tracker, staying informed is the key.

Track Your Mutual Fund Investments

Consolidated Account Statement (CAS): A CAS consolidates all financial transactions in your mutual fund portfolio for a specific month, across different fund houses and folios under the same PAN. It is sent to your registered e-mail address, but you can also access it online. This statement simplifies monitoring your investments, especially if you have multiple holdings.

AMC's Mobile App/Web Portal: Many Asset Management Companies (AMCs) offer Mobile apps and Web portals that allow you to track your investments. Log in to the respective AMC's platform to access your Account statement and monitor your fund's performance. This method is convenient, especially if you have invested in funds from a single AMC.

MF Factsheet: Begin by reviewing the MF (Mutual Funds) factsheet. The single page summary provides key information about the scheme, including its Name, Objective, Expense ratio, Fund Manager's expertise, Assets Under Management (AUM), Net Asset Value (NAV), Portfolio Turnover and more. It also compares the fund's returns with its benchmark.

Online Portfolio Trackers: If you have invested in SIPs from various AMCs, online portfolio trackers can simplify the tracking process. These trackers consolidate your holdings, provide daily NAV updates and offer insights into your portfolio's performance. They may even suggest alternative funds if any of your holdings underperform. There are numerous apps in the market for this.

SEBI-Registered Investment Advisor: For more personal guidance and investment monitoring, consider consulting a SEBI-Registered Investment Advisor. These experts can help you select suitable schemes based on your financial goals and risk tolerance. Additionally, they can assess your investments and offer guidance that could help maximise your returns.

Take Your SIP Investments Further With ICICI Bank’s Algorithm Based Platform

Unlock the power of precision and innovation in your mutual fund investments with ICICI Bank's AI-powered automated platform, backed by Nobel Prize winning research. This cutting-edge platform empowers you to invest like experts, with smart algorithms suggesting a personalised portfolio that would optimise returns while managing risks effectively. One of its standout features is the continuous portfolio rebalancing, which operates 24/7 and automatically triggers adjustments whenever your portfolio deviates from the optimal asset allocation, ensuring your investments stay on track.

Moreover, this platform is not just about convenience but also about efficiency. Complex algorithms meticulously analyse millions of data points to generate the most tax effective rebalancing triggers, minimising exit loads and capital gains tax, so you can keep more of what you earn. This invaluable service offers top quality investment assistance, free of cost.

ICICI Bank's commitment to making investing accessible and hassle-free is further exemplified by its industry-first paperless registration process for MF-KYC (Mutual Funds- Know Your Customer). With just one click, you can complete your registration, making it the most convenient and a swift way to start your investment journey. Whether you are a seasoned investor or just getting started, this platform will provide a seamless, efficient and an intelligent approach to investing in Mutual Funds, putting you in the driver's seat of your financial future. Learn more here.

Physical Registration Process for ICICI Bank Mutual Funds

You can sign up by visiting any ICICI Bank Branch or click here to download the Registration Form. After filling the Registration Form, submit it along with the required documents at any ICICI Bank Branch.

The documents required are as follows-

A self-attested copy of your PAN Card

KYC acknowledgement slip or a photocopy of KYC Status Screen. This is because MF-KYC is mandatory for all Mutual Fund Investments. To learn more on MF-KYC, click here

Regardless of how you choose to track your SIP investments, regular portfolio reviews are essential. This ensures that your investments align with your risk tolerance, investment horizon and financial objectives, helping you to steadily progress towards your financial goals. Also, with ICICI Bank Internet Banking you can conveniently access your mutual fund investments.

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