Floating Rate Savings Bond 2020 (Taxable)
SIP - Systematic Investment Plan
Systematic Investment Plan (SIP) is a way of investing in mutual funds through which an investor can invest a fixed amount in mutual fund of his/her choice at regular intervals.
Like a Recurring Deposit, an investor can invest fixed amount at regular intervals (monthly or quarterly) through SIP. Rather than investing a large amount one-time through lump sum mode, more investors now prefer to invest smaller amounts regularly through the SIP mode. You can start investing through SIP in a mutual fund with an amount as low as Rs 100 per month.
NPS Calculator
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Investment Amount
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Indicative Gain
Indicative Retirement Corpus
Lumpsum Withdrawal at Retirement
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Please note: Subscribers will be able to know how tentative pension and lumpsum amount may be expected on retirement at 60 years basis regular monthly contributions to NPS account. A percentage of the corpus on retirement is used for purchasing annuity. Subscribers are required to key in the assumed rate of return on their investment and that for annuity to compute monthly pension. The above calculation and illustration of figures are indicative only and not on actual basis.
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Why Invest in Mutual Funds With Us?
FRSBs are issued in a Bond Ledger Account and are not transferable, except for transfer to a nominee(s)/legal heir in case of death of the holder of the bonds.
These bonds are not tradable in the secondary market and are not eligible as collateral for loans from Banks, Financial Institutions & NBFCs
A sole holder or surviving holder of a Bond, being an individual, can make a nomination.
Our Philosophy
Our Manifesto
Truth.
Trust.
Transparency.
Three values that define our way of life.
We do not offer sales incentives.
We do not have annual ratings.
And we do not just push any product.
Before offering anything to you, we ask ourselves:
"Would we offer this to our own family too?"
Because we are guided by three enduring values:
Truthfulness - in our actions,
Trust - in our relations,
and Transparency - in our interactions.
We bring it all together every day, in everything we do, just for you.
We do not have annual ratings.
And we do not just push any product.
Before offering anything to you, we ask ourselves:
"Would we offer this to our own family too?"
Because we are guided by three enduring values:
Truthfulness - in our actions,
Trust - in our relations,
and Transparency - in our interactions.
We bring it all together every day, in everything we do, just for you.
No Sales Incentives
We do not offer
any sales incentives
to our employees.
Your trust is our only incentive.
We do not offer sales incentives.
We do not have annual ratings.
And we do not just push any product.
Before offering anything to you, we ask ourselves:
"Would we offer this to our own family too?"
Because we are guided by three enduring values:
Truthfulness - in our actions,
Trust - in our relations,
and Transparency - in our interactions.
We bring it all together every day, in everything we do, just for you.
We do not have annual ratings.
And we do not just push any product.
Before offering anything to you, we ask ourselves:
"Would we offer this to our own family too?"
Because we are guided by three enduring values:
Truthfulness - in our actions,
Trust - in our relations,
and Transparency - in our interactions.
We bring it all together every day, in everything we do, just for you.
No push on Products
Truth.
Trust.
Transparency.
Three values that define our way of life.
We do not offer sales incentives.
We do not have annual ratings.
And we do not just push any product.
Before offering anything to you, we ask ourselves:
"Would we offer this to our own family too?"
Because we are guided by three enduring values:
Truthfulness - in our actions,
Trust - in our relations,
and Transparency - in our interactions.
We bring it all together every day, in everything we do, just for you.
We do not have annual ratings.
And we do not just push any product.
Before offering anything to you, we ask ourselves:
"Would we offer this to our own family too?"
Because we are guided by three enduring values:
Truthfulness - in our actions,
Trust - in our relations,
and Transparency - in our interactions.
We bring it all together every day, in everything we do, just for you.
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How to Get Research Alerts?
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Step 1: Login to ICICIdirect.com
Step 2: Visit Govt. Securities section under FD/Bonds & choose RBI’s Floating Rate Savings Bond
Step 3: Fill investment details and complete payment
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Frequently Asked Questions
5
What is the IPO Cycle?
The IPO cycle refers to the various stages a company goes through before, during, and after launching an IPO. It includes:
- Pre-IPO Phase – This place includes planning, compliance checks, financial audits, and SEBI approvals.
- Offer Period – Here, the IPO opens for subscription, and investors place bids.
- Allotment & Listing – In this phase, shares are allocated, and the company gets listed on the stock exchange.
- Post-IPO Compliance – Post-IPO, the company must adhere to SEBI regulations and provide periodic financial disclosures.
Why should you invest in Mutual Funds?
Mutual funds allow you to pool money in a professionally managed portfolio of equities, debt instruments, or other securities. They offer diversification, flexibility to invest through lump sum or SIP, and access to different asset classes, making them a convenient investment option.
How to select a mutual fund?
Selecting a mutual fund involves a complete asssessment of your investment goals, duration, and risk appetitie. To evaluate the most suitable mutual fund scheme for investment, consider factors such as fund category, historical performance, expense ratio, portfolio allocation, and the fund manager’s track record to determine whether the scheme aligns with your financial objectives.
How are returns calculated in Mutual Fund?
Mutual fund returns are calculated based on changes in the scheme’s Net Asset Value (NAV). Different methods such as absolute returns, CAGR (Compound Annual Growth Rate), and XIRR are used depending on the investment period and cash flow pattern, especially for systematic investments like SIPs.
Is buying Mutual Fund profitable?
Mutual funds invest in market-linked instruments such as equities and debt securities. Returns depend on market performance, fund strategy, and investment duration. As they are subject to market risks, profits are not guaranteed, and you should assess your financial goals and risk appetite before investing.
What is the tax implication on Mutual Fund returns?
Tax on mutual fund returns depends on the type of fund and holding period. Equity and debt funds have different short-term and long-term capital gains tax rules.
What is XIRR in Mutual Fund?
XIRR (Extended Internal Rate of Return) is a method used to calculate returns when investments and withdrawals occur at different times. It is commonly used for SIP investments in mutual funds, as it considers the timing and amount of each transaction to show the overall annualized return.
What are Fixed Maturity Plans in Mutual Funds?
Fixed Maturity Plans (FMPs) are close-ended debt mutual fund schemes with a predetermined maturity period. These funds typically invest in fixed-income instruments that mature around the same time as the scheme. Investors generally remain invested until maturity, and units are usually listed on stock exchanges.
What are Freedom SIP on ICICI Direct?
Freedom SIP on ICICI Direct is a systematic investment facility that allows investors to start SIPs in select mutual fund schemes with flexibility in investment amount and tenure and enjoy the benefits of regular cash flows via SWP post completion of SIP period.
What are the daily cut-off times to receive the same-day NAV for my Mutual Fund transactions?
Standardised Cut-off Timings
To ensure your orders are processed with the desired Net Asset Value (NAV), please adhere to the specific cut-off timings below. These determine the price at which units are allotted or redeemed.
1. Purchase & Switch-in Transactions
- Liquid & Overnight Funds: 12:30 PM
(Applications and funds must be received by this time to receive the same-day NAV). - Non-Liquid Funds (Equity, Debt, Hybrid): 2:00 PM
(Applications and funds must be received by this time to receive the same-day NAV).
2. Redemption (Selling) Transactions
- Liquid & Non-Liquid Funds: 2:50 PM
(Requests submitted before this time are eligible for the same-day NAV). - Overnight Funds (Online Only): 6:00 PM
(An extended window is available for online redemptions to receive the same business day's NAV).
Note: All cut-off times are also displayed in the Scheme Overview section of the Mutual Fund order panel while placing your order.