ICICI Securities has launched ETF- Intelligent Portfolios (EIP), an investment product that invests in a multi-asset basket of ETFs based on client’s risk profile. The investments in this portfolio are monitored daily and the allocations are adjusted based on market conditions so that the investor remains within her risk tolerance limit at all points of time.
“There is a rising interest about ETFs in India as they are known for their returns, simplicity, low cost, and efficiency the world over. Because of their objective to track the broad market indices, they almost ensure that the returns are no less than what the markets have to offer. This has prompted us to offer this world class product -- ETF Intelligent Portfolios—which is an important addition to our bouquet of fee-based digital advisory services. Because of the universal appeal of such investment strategy, we are confident that EIP will appeal to both the new and the sophisticated investors for meeting their long-term core investing needs,” said Abhishake Mathur, Head Investment Advisory Services, ICICI Securities Ltd.
EIP service offers investment in a group of four ETFs with exposure to Nifty 50, Nifty Mid-Cap, G Sec and Gold, and each basket is customizable by the investor based on his/her risk profile and market expectations, for which the investor fills a simple online profiler. Once the target allocation is chosen, the company monitors the portfolio daily for any deviation and based on the market movement and rebalances to the original target. EIP also comes with no brokerage on transaction.
