Mutual Funds

Can I cancel the transaction?

No cancellations are allowed once a transaction is placed.

How do I buy mutual funds through Mutual Fund Online?

You can start transacting only after registration for Mutual Fund Online services is done.
To buy mutual funds login to with your User ID and Password, Investment & Insurance > Invest Online > Mutual funds.
To purchase, you have an option to select the scheme, based on 'AMC' or 'Type of Scheme'
You can view the units allotted within 3 working days under 'Transaction History' based on the processing time of the AMC / registrar.

What Are The Factors To Consider While Selecting A Mutual Fund Scheme?

Scheme should be selected as per Risk appetite of the Investor. Few factors to consider are:

  • Types of Fund
  • Size of the Fund
  • Diversification of the Fund
  • Requirement of Investment
  • Security of Fund

What is Mutual Fund Online?

Mutual Fund Online is a service offered to All Resident Indians having an ICICI Bank Savings Account that will enable them to invest through Mutual Funds online.

Who can avail for Mutual Fund Online?

All resident Indians having an ICICI Bank Savings Account can register for the Mutual Fund Online services. The Savings Account status has to be single or either/survivor.

How to check Mutual Funds KYC?

Please click on the below link and insert your PAN details under KYC Inquiry option to check your Mutual Funds KYC status.

CDSL Ventures Ltd. (CVL) -

Why Mutual Funds KYC is required?

KYC registration is mandatory for all investor as per SEBI guidelines. KYC is being centralized through KYC Registration Agencies (KRAs) registered with SEBI. With this each investor has to undergo KYC process only once in the securities market and the details would be shared with other intermediaries by the KRAs.

What all Documents are required?

  • Proof of identity
  • Proof of address
  • Passport Size Photograph

What is KYC for invest online?

KYC is an abbreviation for 'Know your Client', a term commonly used for a process of identification of a customer. The Securities and Exchange Board of India (SEBI) has prescribed certain requirements relating to KYC norms for financial institutions and financial intermediaries including mutual fund houses to 'know' their clients. This is in the form of providing the client's identity and address for verification along with his/her financial status, occupation and such other demographic information to CDSL Ventures Ltd. (CVL), a wholly owned subsidiary of Central Depository Services (India) Ltd. (CDSL). For investing with any SEBI- registered mutual fund, you must be KYC compliant.

To know about Mutual Fund KYC, click here

What is the registration process for Mutual Fund Online?

  • After filling the Registration Form (duly signed by all the account holders) ,submit the Form along with the requisite below mentioned documents at any ICICI Bank branch

Documents required :

  • A self-attested copy of your PAN card
  • KYC acknowledgement slip or KYC Status Screen
  • All Account holders should compulsorily be Mutual Fund KYC compliant, or else request will be rejected

How can I register for Mutual Fund Online?

To register for Mutual Fund Online, download the form online and provide the applicable documents mentioned below along with the registration form. Submit the filled up form at any ICICI Bank branch.

PAN Card copy
CVL KYC acknowledgement / Print of CVL KYC Status Screen

On submission of the registration form and applicable documents, your registration will be completed in 5 working days.


What documents are to be submitted for registration?

To register for Mutual Fund Online, download the form online and provide the applicable documents mentioned below along with the registration form. Submit the filled up form at any ICICI Bank branch.

PAN Card copy
CVL KYC acknowledgement / Print of CVL KYC Status Screen

On submission of the registration form and applicable documents, your registration will be completed in 5 working days.


What are Growth Option?

Investments made under the growth option will not yield any short term income, in the sense that all money invested will continue to be invested until redeemed. This type of investment is more suited for long term investing in equity mutual funds, as there are no taxes on long term capital gains

What is Dividend option?

Dividend Option: Dividends are paid out of the distributable surplus of the funds. They are bifurcated into dividend payout and dividend reinvest. In dividend payout, the dividends declared are actually paid out to the investors. Under dividend reinvest, the dividend declared is used to buy additional units to the investors.

How do I sell mutual funds over the Internet?

  • You can view your current Mutual Fund units under "My funds" at current 'Net Asset Value (NAV)
  • You can redeem the Units displayed under "My funds"
  • Only mutual funds that are bought through Invest@ease can be redeemed through this service.
  • Select the Scheme and click on the Redemption option .
  • You can Redeem 'All Units ' or 'Partial' units of the selected scheme , specifying the units / amount you wish to redeem .
  • The transaction will be processed within 2 - 4 days (depending upon the TAT of the scheme, as specified by AMC / Registrar) and the redemption proceeds will be credited directly into your Bank account.

How Often Is The Nav Declared?

NAV is declared on every business day of the year.

What is Net Asset Value (NAV)?

Net Asset Value is the market value of the assets of the scheme minus its liabilities. The per unit NAV is the net asset value of the scheme divided by the number of units outstanding on the Valuation Date.


NAV = Fund Assets-Fund Liabilities
Outstanding Shares


For example:

Total Value of Securities (Equity, Bonds, Debentures etc.)INR1,000
Total outstanding units100
NAV [(1000+1500-500)/100]INR20 per unit

What Is Repurchase/Redemption Price?

When an investor sells a mutual fund unit back to the fund house, it is called repurchase or redemption and is based on the Net Asset Value of that fund.

Is Entry Load applicable for Mutual Funds?

Accordance with the SEBI circular no. SEBI/IMD/CIR No.4/168230/09 dated June 30, 2009, no entry load will be charged for purchase / additional purchase / switch-in/ Systematic Investment Plan/ Systematic Transfer Plan / Systematic Investment Plan Plus accepted by the Fund with effect from August 1, 2009.

Is signatures required for all Joint A/c Holders for Mutual Fund Online

Joint holders signature required on letter of authority as the account will get debited for purchase for Mutual Fund Online.

What are the schemes available to us customers?

Only certain schemes of selected AMC's are currently available for transactions made through Internet Banking.

How will I receive the redemption amount?

You will receive it by direct credit into your savings account registered for Invest@ease as per the scheme details. 

What is the cut off time to send the details?

The cut-off time for same-day NAV for purchase transactions (including Switch transactions) of Liquid and Overnight Funds is 12:30 p.m. For other funds, it’s 02:00 p.m. The cut-off time for redemptions (all schemes) is 02:00 p.m.

All instructions received on a transaction day (except on Saturdays, Sundays and holidays), before the abovementioned cut-off time, will be eligible for the same day's NAV. For transactions after the cut-off time, the NAV of the following business day shall apply.


What is Mutual Fund?

A mutual fund is a professionally-managed trust that pools the savings of many investors and invests them in securities like stocks, bonds, short-term money market instruments. Investors in a mutual fund have a common financial goal and their money is invested in different asset classes in accordance with the fund’s investment objective.

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If I change my address, bank account or nomination in mutual fund investments, what do I need to do?

For all changes in your account profile or bank account linked for purchases or redemptions, you need to contact the nearest ICICI Bank branch and fill in a form to get the change done. For any change in nomination in your Mutual Fund investments you can contact the respective AMCs directly.

How is Mutual Fund Set up?

The process of setting up a Mutual Fund is initiated by a sponsor. The sponsor creates a Trust (the fund) under the Indian Trust Act. The Trust in turn appoints an Asset Management Company (AMC). The trustees are responsible for safeguarding the interests of the investors in the Mutual Fund by ensuring that the operations of the fund comply with the relevant regulations.