ICICI Securities launches Target Investment Plan, TIP
ICICI Securities launched a Target Investment Plan (TIP), a goal-oriented approach to investing in mutual funds on its online broking platform, ICICIdirect.
The TIP is a goal-based investment approach where the investor can customise his investment according to his goal. “The TIP helps to achieve the target amount within a time frame and a budget,” said Mr Vineet Arora, Head of Products and Distribution, at ICICI Securities.
The monthly contribution in the TIP is determined by the current portfolio performance and the prevailing market conditions. “As investment in TIP varies every month it provides better returns than a regular Systematic Investment Plan (SIP),” said Mr Arora.
Through the TIP, one can achieve multiple goals by selecting a specific mutual fund scheme that suits one's investing needs. For now, ICICIdirect has selected for the TIP, five mutual fund schemes based on their performance.
ICICI Securities launched a Target Investment Plan (TIP), a goal-oriented approach to investing in mutual funds on its online broking platform, ICICIdirect.
The TIP is a goal-based investment approach where the investor can customise his investment according to his goal. “The TIP helps to achieve the target amount within a time frame and a budget,” said Mr Vineet Arora, Head of Products and Distribution, at ICICI Securities.
The monthly contribution in the TIP is determined by the current portfolio performance and the prevailing market conditions. “As investment in TIP varies every month it provides better returns than a regular Systematic Investment Plan (SIP),” said Mr Arora.
Through the TIP, one can achieve multiple goals by selecting a specific mutual fund scheme that suits one's investing needs. For now, ICICIdirect has selected for the TIP, five mutual fund schemes based on their performance.
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