iWealth FAQs

My Mutual Fund Investments is the Mutual Fund Investment section which has the below mentioned features:

• Risk Profile: You are assessed on your capacity or nature to absorb risk through a questionnaire
• Suggested Portfolio: Basis your risk profile, we suggest you a portfolio which will assist you in achieving your investment targets
• Rebalancing: Once you have created a mutual fund portfolio, the rebalancing engine tracks your portfolio 24X7 and generates suggestion whenever your portfolio goes off track
• Invest More: You can make fresh investment basis our suggestion or as per selection.

My Networth is a useful and secure personal finance management tool that enables you to take better control of money. It quickly helps you understand and plan your finances and track your expenses. You can get an aggregated view of your savings account, demat account, fixed deposit, credit card or any other account and know your networth at any given time.You can add over 200 Non-ICICI Bank Institutions and get an overall picture of your financial status too. My Networth is further divided into 3 sections:

• I Have: This section shows a consolidated view of all your savings accounts, mutual funds, demat, insurance and deposits.
• I Owe: This section shows details of your loans and credit card.
• I Spent: This section shows the spend data of all your linked accounts. It auto categorises your spends and also allows you to categorise them yourself. It also enables effective spends tracking and money management.

To add an external account, click on Add External Account button. You will be redirected to the account aggregation page where you have to just enter the credentials of the account you wish to aggregate.

Yes, you can see your Piggy Bank transactions on the Piggy Bank dashboard for a selected time period. Additionally, you will also get monthly statement for your Piggy Bank account on your registered e-mail ID.

The first step to investment is savings, it is a challenge for customers to build up an investible surplus in their savings account without spending it. The piggy bank is a tool where customer can transfer small amounts and invest the same in mutual funds when it reaches the required threshold. Piggy Bank is a type of savings accounts with the below mentioned features:

• Eligibility: Piggy Bank account will be available only to resident Indians (Above the age of 18 years)
• Holding type: Piggy Bank account will be available only in single mode
• Minimum Balance: There is no minimum balance requirement in this account
• Initial Funding: There is no initial funding required for this account
• Interest Rate: You earn the same interest rate which you get in the ICICI Bank Savings Account
• Deliverables: No deliverables like cheque book, debit card are provided in this account
• Transactions available: Money in piggy bank can only be transferred back to your savings account. Other transaction modes like NEFT/ RTGS/ IMPS/ Demand Draft/ Pay Order/ Withdrawal from debit card are not available in this account.

You will see ‘Rebalancing Suggestion’ on ‘My Mutual Fund Investments’ dashboard as a floating message. On clicking this message, you will be redirected to the ‘Rebalancing Screen’ where you will be shown the following types of recommendations, if applicable:

• Buy
• Buy More
• Start SIP
• Stop SIP
• Sell.

Rebalancing will be done on real-time basis as soon as the user lands on this screen. Advice of sell will come only after checking tax-impact and exit loads. Algorithm will always try to match buy amount with sell amount and Start SIP with Stop SIP and realign the current portfolio to suggested allocation without putting in extra amount. If there is no rebalancing suggestion in your portfolio, then the floating message of rebalancing suggestion will not be present in your ‘My Mutual Fund Investments’ dashboard.

If you are a first time customer then we suggest a portfolio basis your risk profile. You can also make an investment as per your choice. You can choose from the below mentioned 4 investment options:

• One Time: We suggest you a lumpsum portfolio where you make a one-time investment in a basket of funds. You can also edit the suggested portfolio or invest in the funds of your choice by clicking Skip Suggestions
• Monthly: We suggest you an SIP portfolio where you invest small amount of money every month. You can also edit the suggested portfolio or invest in the funds of your choice by clicking Skip Suggestions
• Tax Saving: You input the amount which you want to invest in tax saving mutual funds and we distribute it amongst our suggested tax savings fund, you invest the same at a click of a button
• Do-It-Yourself (DIY): This section has Search Funds, New Fund Offer (NFO) and Suggested Funds sections.
  • Search Funds: You can search any fund you want to invest in
  • NFO: You can invest in New Fund Offers
  • Suggested Funds: You can invest in suggested funds in a single click.

Once you create a Mutual Fund portfolio, the rebalancing engine of iWealth will review your portfolio on a daily basis and give recommendation basis changes in the below mentioned parameters:

• Change in your risk profile
• Sharp movements in market
• Change in fund dynamics
• Transaction executed in the portfolio.

You can make fresh mutual fund investments using ‘Invest More’ feature. You can choose from the below mentioned 4 investment options:

• One Time: You input the lumpsum amount which you wish to invest and we allocate it amongst suggested funds in a way that it rebalances your existing portfolio as well. You can edit this portfolio or also invest as per your wish by clicking on Do it Yourself
• Monthly: You input the amount which you wish to invest in SIPs and we allocate it amongst suggested funds in a way that it rebalances your existing portfolio as well. You can also edit the suggestions or invest as per your wish by clicking on Do it Yourself
• Tax Saving: You input the amount which you wish to invest in tax saving mutual funds and we distribute it amongst our suggested tax savings fund. You invest it at a click of a button
• Do-It-Yourself (DIY): This section has Search Funds, New Fund Offer (NFO) and Suggested Funds sections.

• Search Funds: You can search any fund you want to invest in
• NFO: You can invest in New Fund Offers
• Suggested Funds: You can invest in suggested funds in a single click.

iWealth suggests a portfolio in ‘My Mutual Fund Investments’ through the below mentioned steps:

• Risk Profiling: On the basis of answers of 5 questions, you will be assigned a Risk Profile
• Asset Allocation: On the basis of selected Risk Profile, Asset Allocation is computed
• Suggested Portfolio: Once the Asset Allocation is done, category-wise allocation is computed and 1 to 2 schemes per category is suggested.

You can aggregate products of ICICI Bank and other banks too. Products that can be aggregated are mentioned below:

• Mutual Funds
• Demat
• Insurance
• Savings Account
• Deposits
• Credit Cards
• Loans.

As a valuable ICICI Bank customer, you must be having multiple accounts with us i.e. a credit card, home loan, savings, current account and more. This tool enables you to track your money across multiple types of ICICI Bank Accounts in one place. It’s quite simple. Just add your information for each account, a one-time activity that will only take a few minutes. The My Money tool from ICICI Bank then gathers your data and updates it daily. You can also add over 200 Non-ICICI Bank institutions and get an overall picture of your financial status.

You can add money anytime from your Savings Account by clicking on the Add Action button on the Piggy Bank dashboard. You can also automate daily savings in your Piggy Bank account from the Auto Savings section.

Whenever the balance in the Piggy Bank account crosses the minimum investment amount required for investment in mutual funds, a trigger will be generated on the Piggy Bank dashboard which will provide investment suggestions. The Piggy Bank account will also be present in the Account No. dropdown in the Investment Cart screen. You can thus select this account for making investments.

To delete your goals, click Edit button on the Goal Details screen.

No, investment tagged to goals does not get locked up in any manner. Further, you can untag and sell these investments any time you wish.

• For users without portfolio: After clicking Make my First Investment, user will be shown an option of Tax-Saving. This screen will show a list of tax-saving funds (ELSS). You can choose to invest in one or more of these funds
• For users with portfolio: The option of Tax-Saving will be visible on clicking Invest More. You will be asked to input an amount for tax-saving on the basis of which the selected amount will get distributed among four funds.