ICICI Daily SIP
An ICICI daily SIP lets you invest a fixed amount every business day rather than once a month. Since your money goes in across many more market days, the average cost of your units tends to even out over time class="extra-text-web"> It works well for anyone who earns or saves on a daily basis and prefers not to wait for one fixed monthly date.
Best ICICI Daily SIP Plans
Updated as of 22 July 2026
Key Points to Remember When Setting Up an ICICI Daily SIP.
Keep the following points in mind before starting an ICICI daily SIP
- Minimum investment: The minimum investment for an ICICI daily SIP is ₹250.
- Minimum number of instalments: ICICI daily SIP need a minimum of 6 instalments to be set up
- Duration: The regulatory framework suggests that perpetual SIP require a specified end date. Most SIPs are capped at 30 years from the start date.
- Mandate frequency: Ensure that when choosing the frequency of payment, the option “AS and when presented” is selected to automate your transactions on a daily basis.
- Cancellation: As per ICICI Prudential’s official guidelines, an SIP is liable for cancellation if the mandate does not go through three consecutive times.
- Overseas fund cap: For certain ICICI Prudential mutual funds, such as the US blue-chip fund, the daily SIP limit is capped at ₹10,000 per PAN per scheme.
How to Set up ICICI Daily SIP?
You can set up a daily SIP through an online portal or visit any ICICI branch to set it up offline.
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Setting up ICICI Daily SIP Online
- Platform: You can use the ICICI Direct website or the ICICI Bank iMobile app.
- Set up: Choose a scheme of your choice by navigating to the mutual fund option.
- Frequency: Select the daily option while selecting the frequency for your SIP
- Amount: enter the amount you wish to invest every business day for the duration of the SIP
- OTM: You do not need a one-time mandate if you are registering using a three-in-one ICICI Bank account. However, if you're using a different bank account, you will need to generate an OTM.
- Review and authenticate: review your cart, link your payment method and start the SIP by entering the OTP received on your registered mobile number.
- Tracking: You can track the performance of your SIP through the website or the Apps.
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Setting ICICI Daily SIP Offline
- To set up a daily SIP offline, visit your nearest ICICI Prudential branch. You can download the form from the ICICI Prudential AMC website or collect it from the branch.
- Fill in your details. Ensure that all your details match your KYC compliance documents.
- Ensure that you select daily as your SIP frequency
- Fill in all your bank details, including IFSC code, PAN, your signature as per bank records, along with your maximum debit amount.
- Submit the document. Note that setting up your SIP offline typically takes 30+ days for the NACH mandate to activate.
How Does Daily SIP Work?
Daily SIP generally works on the power of compounding and rupee cost averaging. It not only earns returns over previous returns but also reduces the cost of assets in the long run, along with adjusting to inflation to gain maximum returns.
Example: You start an SIP of ₹500 in ICICI Prudential India Opportunities Fund-Growth for 15 years at an assumed rate of return of 12%. You will have accumulated approximately ₹76.8 lakh by investing ₹27.38 lakh in 15 years. Note that the rate of return does not remain constant throughout the investment horizon and varies with market performance. You can use an SIP calculator to calculate your returns on your investments.
Should You Invest in an ICICI Daily SIP?
Whether Daily SIP is for you depends on your future financial goals, your risk tolerance and your psychology about the market.
- Constant flow of funds: You can start a daily SIP if you have a constant flow of funds and can time your investments to your income cycle. Salaried individuals are thus recommended to set up monthly SIPs and time their investments with their income cycle.
- Market Anxieties: If you constantly feel the need to time the market, you can set up a daily SIP, which completely eliminates that need.
Conclusion
ICICI daily SIPs can become your investment plan if you want maximised rupee cost averaging on your returns. Daily SIPs also help in mitigating short-term market fluctuations. However, note that there is no considerable difference between the returns provided by Monthly SIPs and Daily SIPs. Daily SIPs can also complicate administrative operations due to the large amount of recorded transactions.
