>

ICICI Direct


Discount Broker | Depository: CDSL & NSDL

ICICI Securities Limited is a part of nationally renowned ICICI Group. ICICI Direct is a prominent part of ICICI Securities that offers various investment choices such as stocks, mutual funds, bonds etc.



Product Feature

Equity
Commodity
Currency
Futures
Options



Brokerage Plans

I-Secure

1 or more plans offered by this broker, which outlines, Account opening and maintenance fees charged by this broker, Brokerage charges and Margins provided. Use plan switcher to see the difference in offerings, if multiple plans are available.


Charges


Account Opening Charges

Free

Account Maintenance Charges

700/-

Call & Trade Charges

Free


Brokerage


Equity Delivery Brokerage

0.55%

Equity Intraday Brokerage

0.05%

Equity Futures Brokerage

0.05%

Equity Options Brokerage

95/-

Currency Futures Brokerage

20/-

Currency Options Brokerage

20/-

Commodity Futures Brokerage

20/-

Commodity Options Brokerage

20/-


Margins


Equity Delivery Margin

2x

Equity Intraday Margin

7x

Equity Futures Margin

4x

Equity Options Margin

4x/2x

Currency Futures Margin

4x

Currency Options Margin

0x

Commodity Futures Margin

2.5x

Commodity Options Margin

0x

ICICIDirect Neo

1 or more plans offered by this broker, which outlines, Account opening and maintenance fees charged by this broker, Brokerage charges and Margins provided. Use plan switcher to see the difference in offerings, if multiple plans are available.


Charges


Account Opening Charges

Free

Account Maintenance Charges

300/-

Plan

299/-

Call & Trade Charges

50/-


Brokerage


Equity Delivery Brokerage

0.55%

Equity Intraday Brokerage

20/-

Equity Futures Brokerage

0/-

Equity Options Brokerage

20/-

Currency Futures Brokerage

20/-

Currency Options Brokerage

20/-

Commodity Futures Brokerage

20/-

Commodity Options Brokerage

20/-


Margins


Equity Delivery Margin

2x

Equity Intraday Margin

7x

Equity Futures Margin

4x

Equity Options Margin

4x/2x

Currency Futures Margin

4x

Currency Options Margin

0x

Commodity Futures Margin

2.5x

Commodity Options Margin

0x

Prepaid

1 or more plans offered by this broker, which outlines, Account opening and maintenance fees charged by this broker, Brokerage charges and Margins provided. Use plan switcher to see the difference in offerings, if multiple plans are available.


Charges


Account Opening Charges

Free

Account Maintenance Charges

700/-

Plan

5000/-

Call & Trade Charges

Free


Brokerage


Equity Delivery Brokerage

0.25%

Equity Intraday Brokerage

0.025%

Equity Futures Brokerage

0.025%

Equity Options Brokerage

35/-

Currency Futures Brokerage

20/-

Currency Options Brokerage

20/-

Commodity Futures Brokerage

20/-

Commodity Options Brokerage

20/-


Margins


Equity Delivery Margin

2x

Equity Intraday Margin

10x

Equity Futures Margin

4x

Equity Options Margin

4x/2x

Currency Futures Margin

4x

Currency Options Margin

0x

Commodity Futures Margin

3x

Commodity Options Margin

0x

Prime 1

1 or more plans offered by this broker, which outlines, Account opening and maintenance fees charged by this broker, Brokerage charges and Margins provided. Use plan switcher to see the difference in offerings, if multiple plans are available.


Charges


Account Opening Charges

Free

Account Maintenance Charges

700/-

Plan

299/-

Call & Trade Charges

Free


Brokerage


Equity Delivery Brokerage

0.27%

Equity Intraday Brokerage

0.027%

Equity Futures Brokerage

0.027%

Equity Options Brokerage

40/-

Currency Futures Brokerage

20/-

Currency Options Brokerage

20/-

Commodity Futures Brokerage

20/-

Commodity Options Brokerage

20/-


Margins


Equity Delivery Margin

2x

Equity Intraday Margin

7x

Equity Futures Margin

4x

Equity Options Margin

4x/2x

Currency Futures Margin

4x

Currency Options Margin

0x

Commodity Futures Margin

2.5x

Commodity Options Margin

0x

Prime 2

1 or more plans offered by this broker, which outlines, Account opening and maintenance fees charged by this broker, Brokerage charges and Margins provided. Use plan switcher to see the difference in offerings, if multiple plans are available.


Charges


Account Opening Charges

Free

Account Maintenance Charges

700/-

Plan

999/-

Call & Trade Charges

Free


Brokerage


Equity Delivery Brokerage

0.22%

Equity Intraday Brokerage

0.022%

Equity Futures Brokerage

0.022%

Equity Options Brokerage

30/-

Currency Futures Brokerage

20/-

Currency Options Brokerage

20/-

Commodity Futures Brokerage

20/-

Commodity Options Brokerage

20/-


Margins


Equity Delivery Margin

1x

Equity Intraday Margin

6x

Equity Futures Margin

1x

Equity Options Margin

1x

Currency Futures Margin

1x

Currency Options Margin

1x

Commodity Futures Margin

1x

Commodity Options Margin

1x

Prime 3

1 or more plans offered by this broker, which outlines, Account opening and maintenance fees charged by this broker, Brokerage charges and Margins provided. Use plan switcher to see the difference in offerings, if multiple plans are available.


Charges


Account Opening Charges

Free

Account Maintenance Charges

700/-

Plan

1999/-

Call & Trade Charges

Free


Brokerage


Equity Delivery Brokerage

0.18%

Equity Intraday Brokerage

0.018%

Equity Futures Brokerage

0.018%

Equity Options Brokerage

25/-

Currency Futures Brokerage

20/-

Currency Options Brokerage

20/-

Commodity Futures Brokerage

20/-

Commodity Options Brokerage

20/-


Margins


Equity Delivery Margin

1x

Equity Intraday Margin

6x

Equity Futures Margin

1x

Equity Options Margin

1x

Currency Futures Margin

1x

Currency Options Margin

1x

Commodity Futures Margin

1x

Commodity Options Margin

1x

Prime 4

1 or more plans offered by this broker, which outlines, Account opening and maintenance fees charged by this broker, Brokerage charges and Margins provided. Use plan switcher to see the difference in offerings, if multiple plans are available.


Charges


Account Opening Charges

Free

Account Maintenance Charges

700/-

Plan

2999/-

Call & Trade Charges

Free


Brokerage


Equity Delivery Brokerage

0.15%

Equity Intraday Brokerage

0.015%

Equity Futures Brokerage

0.015%

Equity Options Brokerage

20/-

Currency Futures Brokerage

20/-

Currency Options Brokerage

20/-

Commodity Futures Brokerage

20/-

Commodity Options Brokerage

20/-


Margins


Equity Delivery Margin

1x

Equity Intraday Margin

6x

Equity Futures Margin

1x

Equity Options Margin

1x

Currency Futures Margin

1x

Currency Options Margin

1x

Commodity Futures Margin

1x

Commodity Options Margin

1x




Trading Platforms


Set of software & applications offered by the broker for executing buy and sell orders online. These are names of their portals and mobile apps, for full desc- Full Platform Details.


ICICI direct Mobile
Trade Racer Web-based Platform

Pros

Advantages and Strengths of this broker.

  • 1.VTC (Valid Till Cancelled) option gives customers a chance to place buy or sell limit orders which will remain valid for 45 days.

  • 2.It offers research-based financial advice on all asset classes.

  • 3.Technical analysis and stock tips are provided to customers free of cost.

Cons

Disadvantages of this broker that it needs to improve upon.

  • 1.Brokerage is high as compared to others. To avoid paying higher brokerage, customers have to subscribe to ICICI direct Prime or prepaid brokerage plans.

  • 2.Minimum brokerage charge as per the standard I-Secure Plan is very high for traders who do not trade frequently.

  • 3.ICICI Direct charges higher brokerage to customers who trade in penny stocks.
  • 4.The charge is high for call & trade (after the first 20 free calls in a month).

Additional Features


Extra features provided by the broker at little or no extra cost. Like research reports, SMS alerts etc.


3 in 1 Account
Free Trading Calls
Free Research Reports
SMS Alerts
Margin Funding
Margin Against Share

Other Investment Options


Services provided by the broker for investing in other financial assets such as Mutual funds, Insurance, Bonds etc.


Mutual Funds
IPO Platform
Bonds & Debt
Exchange Traded Funds
Insurance

200K+
Monthly Viewers
20K+
Satisfied Clients
25K+
Accounts With Us
54
Awards Win
Ask your Questions With FinoMin

Mutual fund is a mechanism for pooling money by issuing units to the investors and investing funds in securities in accordance with objectives as disclosed in offer document. Investments in securities are spread across a wide cross-section of industries and sectors and thus the risk is diversifiedbecause all stocks may not move in the same direction in the same proportion at the same time. Mutual funds issue units to the investors in accordance with quantum of money invested by them. Investors of mutual funds are known as unitholders. The profits or losses are shared by investors in proportion to their investments. Mutual funds normally come out with a number of schemes which are launched from time to time with different investment objectives. A mutual fund is required to be registered with Securities and Exchange Board of India (SEBI) before it can collect funds from the public

Unit Trust of India was the first mutual fund set up in India in the year 1963. In late 1980s, Government allowed public sector banks and institutions to set up mutual funds. In the year 1992, Securities and Exchange Board of India (SEBI) Act was passed. The objectives of SEBI are – to protect the interest of investors in securities and to promote the development of and to regulate the securities market. As far as mutual funds are concerned, SEBI formulates policies, regulates and supervises mutual funds to protect the interest of the investors. SEBI notified regulations for mutual funds in 1993. Thereafter, mutual funds sponsored by private sector entities were allowed to enter the capital market. The regulations were fully revised in 1996 and have been amended thereafter from time to time. SEBI has also issued guidelines through circulars to mutual funds from time to time to protect the interests of investors. All mutual funds whether promoted by public sector or private sector entities including those promoted by foreign entities are governed by the same set of Regulations. There is no distinction in regulatory requirements for these mutual funds and all are subject to monitoring and inspections by SEBI.

Financial planning is the process of seeking to meet your life goals through the proper management of your finances. Financial planning helps you make advance provision for financial needs that will arise in the future. The objective of financial planning is to ensure that the right amount of money is available in the right hands at the right point in the future to achieve an individual's life goals.

Financial planning provides direction and meaning to your financial decisions. It allows you to understand how each financial decision you make affects other areas of your finances. For example, buying a particular investment product might help you save adequately to finance your child's higher education, or it may provide enough for a comfortable retirement. You can also adapt more easily to life changes and feel more secure that your goals are on track.

A financial planner is someone who uses the financial planning process to help you determine how to meet your life goals. The key function of a financial planner is to help people identify their financial planning needs, their present priorities and the products that are most suitable to meet their needs. He or she normally possesses detailed knowledge of a wide range of financial planning tools and products, but his primary role is to help clients choose the best products for each need. The planner can take a “big picture” view of your financial situation and make financial planning recommendations that are right for you.

Lets Create Something
Awesome