The firm says this new instrument will help prospects in sensible asset allocation and development of fastidiously curated portfolios primarily consisting of mutual funds based mostly on fund choice by ICICIdirect’s analysis. The suggestions are data-driven, based mostly on prospects’ risk-taking urge for food, and goal to information them of their monetary journey.
Anupam Guha, Head – Of non-public Wealth, ICICI Securities says, “Every individual seeks to achieve financial freedom. In this journey, there are ‘life stage milestones’ – like owning a new car, purchase of a house, saving for marriage expenses, higher education for children or wealth accumulation for retirement. ICICIdirect, through the launch of this new tool – LIFEY, will help customers take a well-planned step forward in this direction.”
Features of LIFEY: Life Investments For You;
• Alignment with Risk Profile – The instrument considers the danger profile, and suggests acceptable funding choices
• Ultimate Flexibility – Offers flexibility of selection of funds and funding by lump sum or SIP
• Comprehensive Tracking- Enables monitoring of the progress of the milestones
• Stay on target – Timely alerts and top-ups to remain on target
Guha additional added, “This tool will also facilitate building ‘do-it-yourself’ fund baskets and allow customers to create additional customized milestones based on their individual needs.”
With this new instrument, ICICIdirect goals to offer its prospects with the choice to set life stage milestones based mostly on a person’s monetary functionality and danger urge for food and supply a complete dashboard. The dashboard permits its prospects to trace their progress and gives them with a seamless and intuitive manner of managing their necessary life stage milestones.
Source: www.financialexpress.com”