Mutual Funds

Others Services

Freedom SIP

Freedom SIP is a feature that allows investor to achieve their financial goals. This feature encourages the investor to invest regularly in a disciplined manner through a Systematic Investment Plan (SIP) and enjoy the benefits of regular cash flows via a Systematic Withdrawal Plan (SWP) post-completion of the SIP period thereby aiming for financial freedom.

Freedom SIP comprises three processes

SIP will be registered into an open ended equity, hybrid or fund of funds scheme for a pre-defined period of either 8 years, 10 years,12 years or 15 years under the monthly frequency. The minimum amount that can be invested as systematic investment plan is the same as the permitted systematic investment plan in the selected source scheme.

On completion of the chosen SIP period, the units accumulated through Freedom SIP shall be transferred to the selected target scheme. The Switch shall take place T+15 days or next business day where it is non-business day.

Once the transfer is complete, the Systematic Withdrawal Plan is to be activated. The amount for the SWP is as per the matrix below or as per the amount mentioned in the mandate by the investor.
Predefined SIP Tenure Monthly SWP Installment
8 Years 1.0X of Monthly SIP Installment
10 Years 1.5X of Monthly SIP Installment
12 Years 2.0X of Monthly SIP Installment
15 Years 3.0X of Monthly SIP Installment
Freedom SIP is currently available with ICICI Mutual Fund