ICICI Bank is offering a hassle-free experience of investing in theme-based baskets of Stocks/ETFs with just a few simple clicks using its iMobile Pay app.
The capital market is a vast investment pool with a host of instruments available to invest your hard-earned money. Investors can park their money in instruments such as stocks, bonds, mutual funds, index funds, exchange-traded funds (ETFs), and options. To invest in the capital market, an investor would require to have a Demat account linked with their bank account. Private sector lender, ICICI Bank offers hassle-free investment with just a few simple clicks.
ICICI Bank is offering a hassle-free experience of investing in theme-based baskets of Stocks/ETFs with just a few simple clicks using its iMobile Pay app.
Step 1: Log in to your ICICI Bank iMobile Pay App
Step 2: Under the Invest & Insure section, click on Demat/Stocks.
Step 3: You will be directed to a new page. Click on the first option 'Invest in Stocks' to choose the desired portfolio.
Step 4: Then click on 'View' to check the composition of the portfolio.
Step 5: Once you have found your desired portfolio. You can click on Buy to proceed and authenticate with details like 'Date of Birth' or Permanent Account Number (PAN).
Step 6: After that, you will have the option to choose from the LUMPSUM or Set SIP radio button. And then enter the investment amount.
Step 7: Once everything is added, Click on 'Order Now'
Step 8: You will receive a pop-up message on the screen that read "Your One Click Portfolio Best of both the worlds submitted successfully." Click on 'Ok'.
Watch here, the simple ways to invest in stocks/ETFs.
Stocks are ordinary equity shares that a listed company publicly issues on exchanges for investors to raise funds and meet its long-term expenses. Investors gain part ownership in the company when they purchase a uni of equity shares. These shares are listed on BSE and NSE.
Exchange-Traded Funds (ETF) are funds that are traded just like stocks on exchanges and replicate the performance of a stock index. They offer diversification and are low-expense investment solutions.
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In the case of ETFs, you can buy as low as one unit at the prevailing market price on the stock exchange. Tradable: You can buy or sell ETFs through the Stock exchange just like any other equity share. They can also be used as a collateral, bought on margin money and traded using stop and limit orders.
In the case of ETFs, you can buy as low as one unit at the prevailing market price on the stock exchange. Tradable: You can buy or sell ETFs through the Stock exchange just like any other equity share. They can also be used as a collateral, bought on margin money and traded using stop and limit orders.
One Click Equity allows customers to invest in theme based baskets of stocks/ETFs at a click. One can invest, monitor and exit the portfolios any time one wants at a click. One Click Equity can be broadly classified into two categories – Research Recommended Portfolios and Custom Portfolios.
What's the minimum investment? Because they trade like stocks, ETFs do not require a minimum initial investment and are purchased as whole shares. You can buy an ETF for the price of just one share, usually referred to as the ETF's "market price."
Before purchasing an ETF there are five factors to take into account 1) performance of the ETF 2) the underlying index of the ETF 3) the ETF's structure 4) when and how to trade the ETF and 5) the total cost of the ETF.
You'll need a brokerage account to buy and sell securities like ETFs. If you don't already have one, see our resource on brokerage accounts and how to open one.
The 3-in-1 Trading Account gives you the convenience of opening a Demat, Trading and Bank Account. Trade in Shares, Futures and Options, Currencies, invest in Mutual Funds, IPOs and Life Insurance through our seamless and secure 3-in-1 online Trading Account.
How do I exit a particular One Click Equity basket I have invested in? Yes, using the “Exit One Click Equity” option available on your subscribed basket, you may exit the entire One Click Equity basket.
1-Click, also called one-click or one-click buying, is the technique of allowing customers to make purchases with the payment information needed to complete the purchase having been entered by the user previously.
The first step for an NRI seeking to invest in ETFs through an NRO account is to complete the Know Your Customer (KYC) process with an Indian bank. Post-KYC, setting up an NRO account can be done remotely or during a visit to India.
Mutual funds can be bought directly from the website of the fund house. For instance, ICICI Prudential Silver ETF fund can be purchased from the website of ICICI Prudential Mutual Fund. You can also buy mutual funds through platforms like MF Central, MF Utility, among others.
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