How do I start with Savvy?

1. Select your dream goal

Tell us how much money you want to save and by when do you want it saved. Also choose if you want to achieve the goal on your own or in Collaboration with someone else.

2. Adjust your level of automation

How much do you want to sit back and relax (Savvy Auto Save) versus wanting to save as and when you want to (Boost)? You can also do a mix by auto-saving a fixed amount every month/week, and then topping it with a Boost, when you have excess funds, like the annual bonus.

Savvy Auto Save is a stress free routine and transfers savings from your bank account to your investment account, and is highly recommended as it is not only easier, but also a more disciplined way to save.

Boost, a power tool is yours to take! Skip an expensive dinner, postpone the urge to shop and then simply tap the Boost button to save that money instantly. Discover new ways to save in your life.

Become the super Savvy saver, by increasing your Financial Wellness Score*.

* coming soon

3. Complete the simple KYC process

As with anything you want to do today, your KYC details are also required to invest with Savvy. But we make it really simple and hassle-free for you!

For example, if you are already a mutual fund investor, all we need is your Permanent Account Number (PAN). That’s it!

If you are a first-time investor in mutual funds, we will ask for a few more details. But not to worry – again, we will help you through this process.

4. Start investing

And you are ready to go! We will transfer your funds automatically from designated bank account and invest it in your chosen ICICI Prudential Mutual Fund scheme OR the Axis Bank fixed deposit.

You will get a statement of your investments from ICICI Prudential AMC or Axis Bank, as the case may be. And at any time, on the App, you can see the progress of your goal. 

5. Withdraw whenever you want

It is your money – withdraw it whenever you want to! You can choose to withdraw your money when you complete your goal (recommended), or in case you need the money, or a part of it, before completion of the goal, you can do it with Savvy.

Your investments will be transferred to your bank account in 2-3 business days, depending on the scheme.

Please note that if you have invested in the ICICI Prudential Long Term Equity Fund (Tax Saving), there is a lock-in period of 3 years, before which you cannot withdraw your investments.