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Money Coach

Does Money Coach charge a fee for its services?

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No, Money Coach does not charge anything for its services. Normal mutual fund commissions charges are levied on users.

How do I edit or stop my monthly SIP?

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You can stop your ongoing SIP from Systematic Transactions screen or Fund Details screen of respective fund.

What is KYC?

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KYC Know Your Customer, is a term commonly used for Customer Identification Process. SEBI has prescribed certain requirements relating to KYC norms for Financial Institutions and Financial Intermediaries including Mutual Funds to know their clients. This would be in the form of verification of identity and address, financial status, occupation and such other demographic information. With effect from January1, 2012 all categories of investors irrespective of amount of investments in Mutual Funds are required to comply with KYC for carrying out any transactions in Mutual Funds. Thus any investor (all applicants in a folio) investing into mutual funds would be required to be KYC compliant by any KYC Rating Agency (CVL, NSE, NSDL, CAMS or KARVY) without which the transactions may be liable to be rejected by the respective mutual fund houses. Please note KYC norms are mandatory for ALL applicants/investors (including existing investors and joint holders) while investing with any SEBI registered Mutual Fund, irrespective of the amount of investment. This one-time verification is valid for transactions across all mutual funds.

In how many days I will get confirmation of portfolio updation?

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  1. For liquid funds: It takes upto 2 days to show updated portfolio.
  2. For non-liquid funds: It takes upto 4 days show updated portfolio.

What is Money Coach?

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Money Coach is an online mutual fund transaction and financial management platform. Below are the 5 main features of Money Coach which are distributed amongst 5 dashboards:

  1. Mutual Fund Investments: Money Coach provides automated, algorithm-based portfolio management advice for Mutual Funds to all ICICI Bank customers.
  2. Financial Health: A quantitative model analyses your financial behavior to generate the Financial Health report and assists you in improving your financial health through innovative tools.
  3. My Goals: Money Coach provides a platform for creating goals and supports the goals with automated investment advisory. The real-time investment suggestions assists you to stay on track to achieve your goals.

What is the commission that ICICI Bank earns when I purchase funds and where I can view this information?

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ICICI Bank earns commission for the sale of funds and this information is displayed in the ‘Commissions’ link on the Order Confirmation page, before you authorize any transaction.

How can I redeem Mutual Funds through the platform?

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  1. You can redeem a fund by choosing Sell on Fund details screen of respective fund.
  2. Enter all or Partial amount/ units of the selected scheme and execute the transactions present on the cart.
  3. The transaction will be processed within 2-4 days as per the scheme TAT and the redemption proceedings will be credited directly into your Registered Savings Bank account.

Can I invest in funds other than the ones suggested by Money Coach?

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Yes, we have the option of Do-it-yourself investments where you can do advanced search.

How Money Coach suggests a portfolio in “My Mutual Fund Investments”?

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Following are the steps of Portfolio creation:

  1. Risk Profiling: On the basis of answers of 5 Questions, you will be assigned a Risk Profile.
  2. Asset Allocation: On the basis of selected Risk Profile, asset allocation is computed.
  3. Suggested Portfolio: Once the asset allocation is done, category-wise allocation is computed and 1-2 schemes per each category is suggested.

How does Money Coach help in tax-planning?

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  1. For users without portfolio: After clicking on Make my first investment, user will be shown an option of Tax-Saving, this screen will show a list of tax-saving funds (ELSS), user can choose to invest in one or more of these funds.
  2. For users with portfolio: Option of Tax-Saving will be visible on clicking on Invest More, user will be asked to input an amount for tax-saving on the basis of which the selected amount will get distributed among four funds.

What portfolio reports can I view /download on this platform?

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Currently you can access the below portfolio reports:

  1. Transaction Report
  2. Order Status Report
  3. Capital Gain/Loss Report
  4. Dividend Report
  5. Performance Report
  6. Fund Category Wise Report
  7. AMC Wise Report
  8. Custom Report

What are the different types of portfolios suggested in goals?

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  1. One time: We suggest you a lump sum portfolio where you make a one-time investment in a basket of funds which will assist you in achieving your goal. You can also edit the suggested portfolio or invest in the funds of your choice by clicking on Skip Suggestions.
  2. Monthly: We suggest you a SIP portfolio where you invest small amount of money every month which will assist you in achieving your goal. You can also edit the suggested portfolio or invest in the funds of your choice by clicking on Skip Suggestions.
  3. Combined: We suggest you a mix of lumpsum & SIP portfolios which will assist you in achieving your goal. You can also edit the suggested portfolio or invest in the funds of your choice by clicking on Skip Suggestions.

Can I transact on a holiday?

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You can place a request even on a holiday, however, your request will be processed on the following business day and the NAV would be applicable as defined in the Mutual Fund's Offer Document.

How do I update my nominee details in folio?

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  1. For New Folio, nominee details entered on Nomination screen will get updated.
  2. Nominee details in existing folio cannot be changed by adding different Nominee while executing transaction through Integra/portal/Money Coach/tab. Existing nominee in folio only will reflect.

How do I delete my goals?

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Click on Edit action button on the Goal Details screen to delete your goals

What is Systematic Withdrawal Plan (SWP) and how does it work?

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A Systematic Withdrawal Plan (SWP) allows you to withdraw a fixed amount/ no. of units from an existing fund at certain fixed frequencies and dates defined by the AMC. The transaction will be processed within 2-4 days as per the scheme TAT and the redemption proceedings will be credited directly into your Registered Savings Bank Account.

If I have multiple Savings accounts linked in Internet Banking, but only one is registered for Invest@ease, can I debit any of my linked accounts for a transaction?

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Yes, if you have multiple Savings accounts linked in your Internet Banking login, you can select any account to debit funds towards your investments, inspite of having only one account registered for Invest@ease. However, investments will be linked only to the registered account and any redemption / dividend proceeds received will be credited back to the registered account only. The holding pattern of the investments will be as per the pattern selected at the time of registration and not as per the holding pattern of the Savings account that was debited for a transaction.

When can I place order?

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Once you get registered, you can place order at anytime if sufficient funds are available in your account.

What is Financial Health?

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A quantitative model analyses all the transactions available in your ICICI Bank account to generate the Financial Health report card. It evaluates your Financial Health on the below parameters and Rank you as either Good, Average or At Risk:

  1. Emergency Funds: This measures whether you have sufficient savings to take care of your expenses for 6 months, in event of you losing your primary source of income.
  2. Spends Ratio: This ranks you on your spending behavior by comparing you with People like you.
  3. Credit Card Health: This ranks you on your credit card spending and repayment behavior by comparing you with People like you.
  4. EMI Servicing Capability: This ranks you on your exposure to debt by comparing you with People like you.

How is Credit Card Health calculated?

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Your Average Monthly Credit Card Spends is divided by your Average Monthly Income to calculate your Credit Card Spend Ratio. This and your payment behavior is then compared with that of People like you to give you a final rank:

  1. Average Monthly Credit Card Spends: This is the average monthly credit card spend made from your ICICI Bank credit cards.
  2. Average Monthly Income: This is the average monthly credit transactions in your ICICI Bank account. Any significantly large value transaction is removed to smoothen the data.

Where do I see Rebalancing Suggestions for My Mutual Fund Investments?

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If you already have a portfolio and have a rebalancing suggestion, they you will see a ‘Rebalancing Suggestion’ on the My Mutual Fund Investments dashboard as a floating message. On clicking on this message, you will be taken to ‘Rebalancing Screen’ where you will be shown following types of recommendations if applicable:

  1. Buy
  2. Buy More
  3. Start SIP
  4. Stop SIP
  5. Sell

Rebalancing will be done on real-time basis as soon as user lands on this screen. Advice of Sell will come only after checking Tax-impact & exit loads. Algorithm will always try to match Buy amount with Sell amount (& Start SIP with Stop SIP) and realign the current portfolio to suggested allocation without putting in extra amount. If there is no rebalancing suggestion in your portfolio, then the floating message of Rebalancing Suggestion will not be present in your My Mutual Fund Investments dashboard.

What types of transactions can I do through this platform?

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  1. Buy
  2. SIP
  3. FIP
  4. Sell
  5. Switch
  6. STP
  7. SWP
  8. Stop SIP
  9. Stop FIP
  10. Stop STP
  11. top SWP

What is a Flexible Investment Plan (FIP) and how does it work?

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A Flexible Investment Plan (FIP) allows you to start an investment of a Frequency of your choice i.e. Daily, Weekly, Monthly, Quarterly, Half-Yearly or Yearly; on a date of your choice and for a period of your choice. The investment will get registered as Purchase with the AMC.

If I do not wish to execute the transactions added in the Investment cart immediately, can I execute them later?

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Yes, transactions added in the Investment Cart get saved and will be available the next time you login. You can execute these transactions anytime thereafter.

Where can I view the Key Information Memorandum (KIM)/ Scheme Additional Information (SAI) of a fund?

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Links to the Key Information Memorandum (KIM) and Scheme Additional Information (SAI) are visible on the Order Confirmation page, before you authorize any transaction. These links will direct you to the AMFI website where these documents are available for all fund houses.

What is the cut-off time for transactions?

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  1. For Liquid Funds the cut-off time for same-day NAV is 12:30 pm.
  2. For Non-Liquid Funds the cut-off time for same-day NAV is 2.00 pm.
  3. 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.
  4. Transactions received after the cut-off time, will be reported to the RTA on the next business day and will in turn get the NAV as on the next business day.

Are the units allotted as per the NAV on the screen?

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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. The displayed NAVs are indicative and for the purpose of guidance only. When you transact through the platform, 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 working days).

How will I receive the dividend payouts / redemption amounts?

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You will receive it through a direct credit from the AMC into your Registered Savings Account.

How is EMI Servicing Capability calculated?

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Your Average Monthly EMIs is divided by your Average Monthly Income to calculate your EMI Servicing Capability. This is then compared with that of People like you to give you a final rank:

  1. Average Monthly EMIs: This is the average monthly EMI payment of your loans.
  2. Average Monthly Income: This is the average monthly credit transactions in your ICICI Bank account. Any significantly large value transaction is removed to smoothen the data.

What happens to a fund which is untagged from a goal?

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When you untag any fund it will stop featuring the My Goals section but you can continue to see those investments in the My Mutual Fund Investments section.