In our efforts towards making investments more convenient, we bring you Invest@ease - An online service in India to invest in Mutual Funds at a click of a mouse.
Invest@ease helps you to:
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Initiate purchase / sale of Mutual Funds online |
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Start a Systematic Investment Plan (SIP Mutual Funds) |
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Switch your Investments between Mutual Funds |
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Redeem your Mutual Fund Investments online |
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Track your Portfolio online |
To avail of this service, you need to register for Invest@ease facility. It is a one-time registration process.
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Professional Management |
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Liquidity |
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Diversification |
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Transparency |
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Low Costs |
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Tax Saving Mutual Funds |
| Register for Invest@ease facility in 2 easy steps: |
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Click here to download the form & submit the filled up form at any ICICI Bank branch |
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Provide applicable documents along with the registration form
1. PAN Card copy
2. CVL KYC acknowledgment /
Print of CVL KYC Status Screen
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On submission of the registration form and
applicable documents, your registration will be
completed in 5 working days. |
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| Important information for CVL KYC: |
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CVL KYC is mandatory for all Mutual Fund Investments Click here to check the status of your CVL KYC. |
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If CVL KYC status is "Inprocess" or "Verified" then proceed ahead with the above mentioned registration process. |
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If CVL KYC status is "Invalid data" then you need to initiate CVL KYC process.
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To know more visit your nearest ICICI Bank Branch
or visit http://www.cvlindia.com/ website. |
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| Invest@ease |
What is Invest@ease?
Invest@ease is a service offered to ICICI Bank savings account holders that will enable them to make investments online in Mutual Funds.
Who can avail of the Invest@ease facility?
- All resident Indians having an ICICI Bank Savings Account can register for the Invest@ease services.
- The savings account status has to be single or either/survivor.
How can I register for Invest@ease?
To register for Invest@ease, you need to fill in a registration form that is available in any ICICI Bank Branch OR Download the form from the logged-in section at www.icicibank.com. Fill all details in the form with the requisite documents (as given below) and details of the bank account that is to be linked with the Invest@ease facility. Submit the form at All resident Indians having an ICICI Bank Savings Account can register for the Invest@ease services.any ICICI Bank branch
What documents are to be submitted for registration?
- The registration form duly signed by all the account holders
- A self-attested copy of PAN card
- Address Proof
- The CVL KYC acknowledgment slip. All Account holders should compulsorily be CVL KYC complied. without which the request will be rejected.
What are the schemes available to us customers?
Only select schemes of select AMC's are currently available for transactions made through Internet Banking
How do I buy mutual funds through Invest@ease ?
- You can start transacting , only after registration for Invest@ease services is done .
- To buy mutual funds log onto www.icicibank.com with your user id and password , click on Investment > Mutual fund .
- To purchase, you have an option to select the scheme , based on 'AMC' or 'Type of Scheme '
- You can view the units alloted within 3 working days under "Transaction History" based on the processing time of the AMC / registrar.
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 and the redemption proceeds will be credited directly into your bank account .
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.
Can I cancel the transaction?
No cancellations are allowed once a transaction is placed.
What is the cut off time to send the details?
At Invest@ease the cut-off time for same-day NAV is 12:30 p.m. for liquid funds and 2.00 p.m. for non-liquid funds. All instructions received on a transaction day (except on Saturdays, Sundays and holidays) before the cut-off time will be eligible for the same day's NAV. For transactions after the cut-off time, the NAV applicable will be as on the following business day.
I do not have an account with ICICI Bank, but would like to invest online in mutual funds. What should I do?
You can contact any ICICI Bank Branch to open a bank account and avail Invest@ease facility by filling up , the Invest@ease registration form and submiting the required documents.
Will I get an online confirmation of my transactions?
The confirmation of units bought or sold will be done by the Asset Management Company (AMC) / Registrar within following 2-4 business days. The status of the same will be reflected on the 'Transaction History' page of the logged-in section at www.icicibank.com [Investments Mutual Fund Transaction History].
Can I transact at any time during the day?
Yes, you can transact at any time of the day through Internet Banking . However, in order to get the NAV of the same day, you will have to transact before the cut-off time of the scheme. If you place any order after the cut-off time, you would be eligible for the NAV of the following day.
Is there a minimum transaction amount for every scheme?
As decided by the fund house, there is a minimum transaction amount indicated against each scheme. You will get to see the minimum transaction amount on the 'Purchase' screen after you select the name of the scheme from the drop-down menu.
How do I convert my current portfolio of mutual fund units to an online mutual fund portfolio?
At present, this facility is not available. In this facility, you will be able to transfer all your holdings obtained through the physical application method onto the online method. This facility will be introduced soon.
How will I receive the Dividend Pay amount?
You will receive it by direct credit from the AMC in your savings account indicated in your Invest@ease registration form.
Can I as an NRI buy mutual fund units?
No, you cannot buy mutual fund units through Invest@ease in your NRI account.
If I change my address, bank account or nomination, 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.
Can I transact on a holiday?
Yes, you can place a request even on a holiday. However, your request will be processed on the following business day and the respective NAV would be applicable as per the mutual fund's offer document.
How is online investing through Invest@ease more convenient?
- There is no filling of multiple application forms. Only a one-time registration agreement is to be signed and submitted.
- It is a paperless method of investing in mutual funds. No application forms, no cheques, no documents required for any transaction.
- Direct credit to your bank account for redemption and for dividend proceeds.
- You can view your online mutual fund holdings at Internet Banking with the latest valuations.
Can I sell/redeem online the schemes that I had bought off-line?
You can sell/redeem only those schemes bought through the online mode through this service.
When will I be able to view the unit holdings in my account from the time of purchase?
The unit holdings will get reflected within 2-4 business days from the date of purchase.
In the case of NFOs, when will I get a confirmation of the transaction placed?
Confirmation of the transaction will be given once the NFO opens in the market. Please refer to the offer document to know the opening date of the NFO.
Are the units allotted as per the NAV on the screen?
NAVs are declared by the mutual fund house by the end of the day; hence the NAV displayed on the screen (the previous day's NAV) will have a lag of one day or more. Thus, the displayed NAVs are indicative and for the purpose of guidance only. When you transact through Invest@ease, you get the same day's NAV depending upon the cut-off time applicable i.e. if the transaction is before the cut-off time, the same day's NAV is allotted (for all business days).
What Is KYC?
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.
Where and how do I get to be KYC compliant? Do I as an investor have to repeat the KYC process with every mutual fund?
The mutual fund Industry has appointed CDSL Ventures Limited (CVL), a wholly owned subsidiary of Central Depository Services (India) Limited (CDSL), to carry out the KYC-compliance procedure.
- CVL accepts KYC application forms through its Points of Service (POS), verifies documents and provides the KYC acknowledgment (across the counter on a best effort basis).
- The list of POS is displayed on the websites of mutual fund houses, CDSL and AMFI. Once the KYC is duly completed in all respects, you need to produce a copy of the acknowledgment to the fund where you wish to invest. There is no need to repeat the KYC individually for each mutual fund investment.
Should I visit a POS to obtain KYC compliance?
Yes. The list of POS is displayed on the websites of mutual fund houses, CDSL and AMFI.
What if I have already completed the earlier KYC procedure with CVL?
You need not do the CVL KYC procedure again . Reconfirm your CVL KYC compliance status , by checking on CVL web site .
How to check my KYC status?
- Step 1: Visit www.cvlindia.com and click "Inquiry on KYC".
- Step 2: Enter your PAN number and click SUBMIT.
- Step 3: If you are KYC compliant, your (PAN holder's) name appears along with the status as "VERIFIED" . You can take a print-out of this and it will suffice as a document of acknowledgment.
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Terms and Conditions
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In accordance with SEBI circular, Cir/ IMD/DF/13/2011 dated August 22, 2011, the following transaction charges will be levied on all Mutual Fund purchases of Rs. 10,000/- and above -
- 1) For existing investors, Rs. 100/- per subscription.
- 2) For new investor, Rs. 150/- per subscription.
In case of SIPs, the transaction charge shall be applicable only if the total commitment through SIPs amounts to Rs. 10,000/- and above. In such cases the transaction charge shall be recovered in 3-4 installments.
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