ICICI Direct


ICICIDirect is stock trading company of ICICI Bank. Along with stock trading and trading in derivatives in BSE and NSE, it also provides facility to invest in IPOs, Mutual Funds, Insurance and Bonds etc. Trading is available in both exchanges BSE and NSE. Type of Account Share Trading Account Share Trading Account by ICICIDirect is primarily for buying and selling of stocks in BSE and NSE. This account allows Cash Trading, Margin Trading, MarginPLUS Trading, Spot Trading, Buy Today Sell Tomorrow (BTST) and Call and Trade on phone.

Online Mutual funds investment allows investor to invest on-line in all Mutual Fund companies. ICICI Direct offers various options while investing in Mutual Funds like Purchase Mutual Fund, Redemption and switch between different schemes, Systematic Investment plans, Systematic withdrawal plan and transferring existing Mutual Funds in to electronic mode.

This account also provides facility to invest in Government of India Bonds and ICICI Bank Tax Saving Bonds. Active Trader Account Active Trader account gives more personalized investment options to the traders. It allows investor to use online and offline stock trading. It also provides with independent market expertise and support through a dedicated Relationship Manager from ICICI.

Account opening fees : Rs 750/- (One time non-refundable)

Brokerage : ICICIDirect.com brokerage varies on volume of trade and inclusive of demat transaction charges, service taxes and courier charges for contract notes.
- It ranges from 0.1% to 0.15% for margin trades, 0.2% to 0.425% for squared off trades and 0.4% to 0.85% on delivery based trades.

Check latest rates at: http://content.icicidirect.com/maili...eeschedule.htm

Advantages of ICICIDirect 3-in-1 account integrates your banking, broking and demat accounts. All accounts are from ICICI and very well integrated. Investment online in IPOs, Mutual Funds, GOI Bonds, and Postal Savings Schemes all from one website. General Insurance is also available from ICICI Lombard. Trading is available in both BSE and NSE.


Disadvantages of ICICIDirect
  • Getting access to ICICIDirect.com website during market session can be frustrating.
  • ICICIDirect brokerage is high and not negotiable.
  • Not all stocks are available under Margin Plus.
Website: http://www.icicidirect.com/


Note: Brockerage may vary from customer to customer, please contact your nearest broker to check the brokerages they are offering.


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