![]() ![]() ![]() In reference to the above, the simple explanation is the Source schemes have further categories of Equity, Hybrid, and FoF. ![]() ICICI Prudential Balanced Advantage Fund.ICICI Prudential Asset Allocator Fund (FOF).ICICI Prudential Dividend Yield Equity Fund.ICICI Prudential India Opportunities Fund ICICI Prudential Multi-Asset Fund.ICICI Prudential Large & Midcap Fund ICICI Prudential Equity & Debt Fund.ICICI Prudential Multicap Fund ICICI Prudential Balanced Advantage Fund.ICICI Prudential Bluechip Fund ICICI Prudential Asset Allocator Fund (FOF).The Schemes of Freedom SIP categorize under the categories of Target schemes and Source Scheme. Picking up the right target scheme is very important.īut what are the target schemes that your investment will switch into? Eligible schemes under Freedom SIP In addition, this is the combo that Freedom SIP is offering and it works like this. After completing the maturity period your investment will switch to the target schemes and you can keep withdrawing some amount like 2,000 by the means SWP. We are taking 10 years of lock-in-period. As per the rules of ICICI investment plans you have a lock-in period of 8,10,12 or 15 years. In words lets take an example: You have invested Rs.100 in this plan. However, from the above image, it’s very clear that freedom SIP will switch your redemption to the target scheme. But the condition to get the profit amount is you have to stay investment till the lock-in-period. You can withdraw them together as well and continues to invest in SIP. This image will explain how you invest in freedom SIP and after the lock-in period is over you will get the profit amounts every year. Means, when your maturity period is over you, will get up to 10%, 8% or 6 %. ![]()
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