ICICI Direct – review in 2023? Brokerage, Demat & Trading
ICICI Direct is a highly regarded full-service stockbroker in India. It serves as the investment and trading arm of ICICI Securities, a globally recognized financial services conglomerate under the ICICI umbrella. ICICI Direct offers a comprehensive range of investment products and services for its retail and corporate clients alike. Its extensive presence spans 87 locations throughout India, with over 200 offices of various capacities catering to its client base in 2023.
Introduction
ICICI Direct’s online trading platform and investment services are utilized by more than 20 lakh clients through ICICIDirect.com. The company offers a broad range of investment options, including ICICI Direct Trading & Demat Account, Platforms, IPO, Mutual Fund, 3 in 1 NRI account, Brokerage Charges & Plans, among others.
It’s unique 3-in-1 account offers investors and traders a seamless trading experience, eliminating the hassle of tracking settlement cycles, preparing cheques, and transfer instructions. With a 3-in-1 account, traders have a significant advantage as it guarantees a hassle-free trading experience by integrating their bank account and trading account, which facilitates rapid funds transfer.
ICICI Direct Trading & Demat Account
The Trading & Demat Account from ICICI Direct offers investors and traders a comprehensive platform to invest in a range of financial instruments. The account merges a trading account and a Demat account, making it easy to trade in equity, derivatives, mutual funds, ETFs, IPOs, and bonds. With this account, investors can manage their trades and investments efficiently from a single platform.
ICICI Direct Platforms
It understands the importance of providing various options for investors and traders to manage their investments conveniently. The company offers three different platforms to cater to different needs.
- ICICI Direct Web Trading, a web-based platform that allows for online trading without requiring any software installation.
- ICICI Direct Trade Racer, a desktop-based platform designed for high-frequency traders, offering flexible charting with essential indicators and trading tools.
- ICICI Direct Mobile App, which enables investors to track their investments and trade on the go.
ICICI Direct IPO
As a prominent Indian financial services company, it offers an effortless way to apply for IPOs online through its user-friendly website and mobile app. Without any paperwork or the need to visit a bank, investors can easily submit their IPO applications. Additionally, the company provides research reports and IPO analysis articles to assist investors in making informed decisions.
ICICI Direct Mutual Fund
Are you overwhelmed by the numerous mutual fund options available? It has got you covered. With a diverse selection of mutual funds and an easy-to-use platform, ICICI Direct assists potential investors in selecting the most appropriate mutual fund that aligns with their investment objectives and level of risk tolerance. Additionally, ICICI Direct provides a SIP calculator, allowing investors to plan their investments in a disciplined and systematic way.
ICICI Direct 3 in 1 NRI Account
To make investing in India, it has become more convenient for NRIs, it provides a unique 3-in-1 NRI Account that integrates a savings bank account, a Demat account, and a trading account. This account allows NRIs to invest in a range of financial instruments in India, including derivatives, equity, and other financial instruments.
It provides a diverse array of trading and investment products, comprising
- Equity
- Derivative Trading
- Mutual Funds
- IPO
- Fixed Deposits
- Bonds
- Non-convertible Debentures (NCDs)
- Currency Trading
- ETF
- Insurance
- ICICI PMS
- Loans.
How to Open an Account at ICICI Direct
In order to invest and trade in the Indian stock market, it is necessary to open an ICICI Direct 3-in-1 account. If you already have an ICICI Bank demat or bank account, you can integrate it with the ICICI Direct account. It is important to note that all three accounts must be opened with ICICI Direct as it is not possible to link external bank or demat accounts to the ICICI Direct trading account.
If you want to open an account, you can follow these steps:
Visit any ICICI Bank branch in your city and fill out the application form to open an account. ICICI Bank has the largest network of branches in India, and most of them offer 3-in-1 account opening. This is the fastest way to open an account with ICICIDirect.
Alternatively, you can fill out an online registration form on the ICICIDirect website. Simply choose “Apply On Line – Resident Account,” fill out the online form, and submit it. An ICICI Bank representative will contact you within 2 working days to complete the account opening procedures.
Note that once you’ve opened a trading account with ICICIDirect, you’ll be able to invest in a range of financial products, including Equity, IPO, Mutual Funds, Derivative Products (Equity F&O and Currency F&O), Systematic Investment Plans (SIP), Fixed Deposits, and NCDs.
However, keep in mind that you’ll need to maintain a minimum average monthly balance of INR 5000 in your ICICI Bank Savings Account linked to your 3-in-1 account.
Once submitted, an ICICI Bank representative will contact you within two working days to complete the account opening process.
ICICI Direct Account Opening Status
If you’ve submitted an account opening form at an ICICI Bank branch or filled out an application online, you can easily check the status of your account opening online. Just visit the “See Your Application Status Online” page on the icicidirect.com Customer Service section and provide your Application/Form Number and Date of Birth.
Please keep in mind that it may take at least 2 days for the ICICI Bank account opening status to be updated.
If you’ve registered online and no executive has visited your home yet, you can expedite the account opening process by visiting your local ICICI Bank branch or calling the customer service helpline.
ICICI Direct Account Opening Form
Account opening forms are readily available at ICICI Bank branches. Alternatively, you can call the ICICI Bank sales helpline to arrange for an executive to visit your home and provide you with the necessary forms.
ICICI Direct Account Opening Charges
- Account Opening Charges (Trading Acct): ₹975
- AMC Charges (Trading Acct): ₹0
- Account Opening Charges (Demat Acct): ₹0
- AMC Charges (Demat Acct): ₹450
Documents Required
Here is a list of documents required to open an account with:
- Proof of Identity (POI) (Driving license, Aadhar Card, Pan Card)
- Proof of Address (POA) (Passport, Light Bill, Telephone Bill, Aadhar Card)
- Proof of Income (For trading in derivatives such as F&O) (Copy of ITR Acknowledgement)
- Proof of Bank Account (Cancelled cheque or Last 6 months transactions)
- PAN Card
- 1 to 3 passport size photographs
ICICI Direct Brokerage Plans
The full-service broker offers various plans for its clients with different brokerage structures. These plans include:
ICICI Direct Neo
It offers diverse plans to its clients, each with a different brokerage structure. One of its recent plans, the ‘ICICIdirect Neo,’ is a zero brokerage plan specifically designed for traders. It allows for unlimited trading with zero brokerage on all Futures trades and a flat rate of Rs. 20 per order for Margin and Options trades.
Customers who opt for the Neo plan will also benefit from distinctive features such as instant liquidity, with cash available within 30 minutes of selling stocks based on the selected plan.
Saver Plan
The Saver Plan is based on the total turnover generated over a three-month period, with multiple slabs ranging from ₹25 Lakhs to ₹5 Crore. The higher the turnover, the lower the brokerage charged across segments.
Secure Plan
On the other hand, the Secure Plan has a fixed brokerage rate for all trades, with no turnover commitments. It is advisable to negotiate brokerage rates before opening an account, as they will apply to all future trades.
Prepaid Brokerage Plan
The Prepaid Brokerage Plan requires an upfront payment from the investor, with a lower brokerage rate applicable to trades as the payment increases. The brokerage fees incurred from trades will be automatically deducted from the upfront amount, which needs to be recharged once it gets exhausted.
Each plan has pre-conditions that need to be met, and clients can select their preferred plan based on their individual preferences.
Top Profitable Businesses in India
ICICI Direct Trading Platforms
It is a highly regarded full-service broker in India that provides its clients with advanced technology for convenient stock trading. Let’s take a closer look at the primary trading platforms offered:
ICICI Direct Trade Racer
Trade Racer is a terminal-based trading software that needs to be downloaded and installed on a computer as an executable file. It provides a comprehensive stock trading experience to users.
Some of the key features of the trading application are:
- Users can monitor all current scrips under a single screen or interface
- The Live scanner feature enables clients to quickly identify stocks that are trending high or low
- With the Heatmap feature, clients can easily find stocks that are high or low with color coding, without needing to analyze data
- The option to customize color layouts and market charts is also available
Clients who generate a monthly brokerage of more than ₹750 can access this trading platform for free, while those who cannot are required to pay ₹75 per month as a subscription fee for this software.
It is evident that the stockbroker rewards traders who trade regularly and consistently. However, small investors or beginners may incur an unnecessary subscription cost due to their low brokerage.
Lastly, make sure that the computer or laptop you use to access this software meets the system requirements specified by ICICI Direct.
ICICI Direct Trade Racer Web
ICICI Direct Trade Racer Web is a browser-based version of Trade Racer that doesn’t require any software download or installation. It can be accessed on almost any web browser and offers features such as:
- Live and streaming quotes
- Drag and drop widgets enablement
- Up to 5 watchlists
- User alerts and notifications
- Multiple watch lists with live streaming quotes
- Check Current Limit, CMP with Best 5 bid/offer, modify allocation in a single window and more
ICICI Direct Mobile App
It is designed to enable users to perform stock trading on the go.
The app has many features, including
- the ability to analyze the latest quotes, scrips, and market updates
- Portfolio tracking and market movement
- Live research calls and market tips
However, there are some concerns related to the app, such as lower update frequency and average user experience, which suggests that the broker does not have a strong focus on the mobile trading segment.
Customer Care
It offers customer service to its clients through various communication channels such as email, offline branches, phone, and online assistance through web form/chat. Since it is associated with ICICI bank, traders and investors have high expectations. However, the high brokerage charges are not commensurate with the average quality of customer service, particularly in terms of communication personalization.
One of the biggest issues with it is that it seems to give higher attention to high net worth individuals or heavy traders. Therefore, users who have a small to medium turnover or beginner investors willing to enter the stock trading space may receive less attention.
ICICI Direct Pricing
It’s pricing is percentage-based and offers different subscription plans. For example, if you invest ₹1,00,000 at Equity Delivery level, which carries a 0.55% brokerage charge, you are expected to pay ₹550 as brokerage charges, excluding taxes and any transaction charges. This brokerage charge is quite high when compared to some other competitive full-service brokers and definitely with discount stock brokers.
ICICI Direct Account Opening Charges
| Transaction | Fee |
| Trading Account Opening Charges (One Time) | 0 |
| Trading Annual Maintenance Charges AMC (Yearly Fee) | 0 |
| Demat Account Opening Charges (One Time) | 0 |
| Demat Account Annual Maintenance Charges AMC (Yearly Fee) | Rs. 700 (waived for ICICIdirect customers for the first year) Rs. 300 for ICICIdirect Neo customers from first year onwards |
ICICI Direct Brokerage Charges
Brokerage Plan – 3-in-1 Account (I-Secure Plan)
| Segment | Brokerage Charges |
| Flat Monthly Fee | |
| Equity Delivery | 0.55% |
| Equity Intraday | 0.275% |
| Equity Futures | 0.05% to 0.03% |
| Equity Options | ₹95 to ₹35 per lot |
| Currency Futures | 0.050% to 0.030% |
| Currency Options | ₹25 to ₹10 per lot |
| Commodity Futures | NA |
| Commodity Options | NA |
ICICI Demat Account Charges
| Sr. No. | Particulars | Charges |
| 1 | Account Opening | Nil |
| 2 | Annual Service Charges (AMC) | Rs 700 |
| 3 | Buy – Market and Off-Market | Nil |
| 4 | Sell – Market and Off-Market and Redemption of MF units (% of transaction value of each ISIN) – Max. ₹ 500 for debt instruments 1. Instruction submitted through Internet (E-inst / IVR) 2. Instruction submitted through Call Centre 3. Instruction submitted at Branches | 1. 0.04% of value of securities(Min. ₹ 30 and Max ₹ 25,000) 2. 0.04% of value of securities(Min. ₹ 35 and Max ₹ 25,000) 3. 0.04% of value of securities(Min. ₹ 40 and Max ₹ 25,000) Nil for Trades done at www.icicidirect.com |
| 5 | Rejection/failure of Transfer Instruction For Delivery (TIFD) | Rs 30 |
| 6 | Extra charges for processing of TIFDs submitted late (% of transaction value) 1. Instruction submitted through Internet (Einst/IVR) 2. Instruction submitted through Call Centre 3. Instruction submitted at branches (accepted at Client’s risk) | 1. Nil 2. Nil 3. Rs. 10 per ISIN |
| 7 | Dematerialization 1) For each request form 2) Extra for each certificate | 1) Rs 50 2) Rs 3 |
| 8 | Rematerialization | The fee for transferring securities in India is Rs. 25 per hundred securities (or part thereof) up to a maximum of Rs. 3,00,000. Alternatively, a flat fee of Rs. 25 per certificate is charged, whichever is higher. |
| 9 | Reconversion of MF units | Rs 25 per instruction |
| 10 | Closure of Account | Nil |
| 11 | Pledge Creation/Closure/Confirmation/ Invocation (% of value for each ISIN in each request) 1. If, ICICI Bank is counter party 2. If, ICICI Bank is not counter party | 1. 0.02% (Min. ₹ 35 and Max ₹ 25,000) 2. 0.04% (Min. ₹ 45 and Max ₹ 25,000) |
| 12 | Additional Account Statements | Rs 20 |
| 13 | Reissuance of Delivery Instruction Slip (DIS) Booklet charge | Rs 50 per booklet |
ICICI Direct Transaction Charges
| Charges | Equity Delivery | Margin | Margin Plus | Futures, Future Plus and Future plus Stop Loss | Options and Options Plus |
| Brokerage | 0.55% irrespective of turnover | Transactions up to Rs 50,000- Rs 25 or 2.5% whichever is lower Exceeding Rs 50,000- 0.05% | Transactions up to Rs 50,000- Rs 25 or 2.5% whichever is lower Exceeding Rs 50,000- 0.05% | 0.05% | Flat Rs 95 per contract lot |
| Other leg of Intraday square off | Nil | NA | NA | Rs 50 | Rs 50 per lot |
| Call and Trade | First 20 calls per month – Free | ||||
| GST | 18% on total value of brokerage | ||||
| Securities Transaction Tax (STT) | 0.1% on Turnover | 0.025% on turnover(Sell transactions only) | 0.025% on turnover(Sell transactions only) | 0.01% on turnover(Sell transactions only) | 0.05% on Option premium on sell transactions. 0.125% on settlement value where Option contracts are exercised |
| Transaction charges | 0.0034% for NSE and Rs 0.75 per trade basis for all scrips for BSE except the ones mentioned below | 0.0021% for NSE and Rs 0.75 per trade basis for all scrips for BSE except the ones mentioned below | 0.0021% for NSE and Rs 0.75 per trade basis for all scrips for BSE except the ones mentioned below | 0.0020% on turnover | 0.053% on premium |
| SEBI charges | 0.00005% on turnover (₹ 5 per crore) | 0.0001% on turnover | 0.0001% on turnover | 0.00005% on turnover (₹ 5 per crore) | 0.0001% on turnover (₹ 10 per crore) on Premium and Notional value for Exercise / Assignment |
ICICI Securities IPO
It offers IPOs as a major product offering. Customers can apply for Initial Public Offers (IPO) and Follow-on Public Offers (FPO) at BSE & NSE through ICICIDirect.com.
The online IPO application process of ICICI Bank is simple, fast and easy. Here are the steps to apply for an IPO with ICICI:
- Log in to ICICIdirect.com
- Go to ‘Trade & Invest’ >> ‘IPO’. This will display the list of available IPOs.
- Click ‘Go’ (in the last column) of the IPO you wish to apply for.
- Fill in the quantity and price and click ‘Submit’.
- Confirm the application by accepting the terms & conditions. Click ‘Confirm’.
- Assign the required funds and click ‘Submit’.
- Check the order book for application number and status.
Once you submit the online IPO form, ICICIdirect.com will take care of all the formalities regarding the submission of your IPO form using the Power of Attorney assigned by you at the time of account opening.
ICICI Direct IPO Charges
It offers online IPO application services for free to its customers who have a 3-in-1 account. There are no fees, charges or taxes to apply for IPO shares. However, customers will need to pay brokerage and taxes if they choose to sell the shares allotted to them through the IPO, similar to selling shares bought directly from the stock market.
It is known for having the highest brokerage charges in the industry, making it one of the most expensive stockbrokers in India.
ICICI Direct Research
As a full-service stockbroker, it offers a wide range of research and recommendation offerings to its clients. These include:
- Market Insights
- Opening Bell
- Market Commentary
- Special Reports
- Market Outlook
- Monthly Derivative Reports
- Monthly MF Reports
- Trading Recommendations
- Momentum Pick
- Daily Support & Resistance
- Derivative View
- Investment Recommendations
- Equity Model Portfolio
- Quarterly Review
- Top Picks
- IPO Reports
- IPO Diary
- Allotment
From the information provided, it is clear that it offers a big range of research services. It provides tips and reports for long-term investments and also market research. However, it is suggested for traders to carry out a thorough analysis before engaging in day trading or swing trading.
ICICI Direct NRI Account
It provides NRIs with attractive investment and trading opportunities in the Indian stock market through its NRI 3-in-1 account. This account includes an NRI savings bank account, an NRI Demat account, and an NRI trading account.
With this account, NRIs can easily trade online in BSE & NSE without worrying about settlement cycles, fund transfers, and other hassles. The NRI 3-in-1 account offers a variety of services, including online investment in Equity, Derivatives (F&O), Mutual Funds, Bonds, NCDs, FDs, IPOs, and ETFs.
It offers online trading and investment services to NRI customers through its flagship website, ICICIDirect.com. The brokerage charges for ICICI Direct NRI accounts vary from 0.50% to 1.25% for Equity Delivery trades, 0.03% to 0.05% for Equity Futures trades, and a flat Rs 70 to Rs 95 for Equity Options trading.
The charges for the NRI trading account differ according to the total trade volume by the customer.
It provides a range of online trading software to its customers, including the ICICIDirect.com website, ICICI Direct Mobile Trading App, and Trade Racer, an installable trading terminal. In addition to trading, ICICI also offers online mutual funds to NRIs.
Investors can choose from a wide selection of schemes and invest without any complicated documentation.
Benefits of NRI 3-in-1 Account
The NRI 3-in-1 account offered by ICICI Bank comes with several benefits for foreign nationals looking to invest in the Indian stock market.
- The account integrates a saving bank account, a Demat account, and a trading account, providing a hassle-free trading experience.
- Customers can access a wide range of investment options such as stocks, derivatives, mutual funds, and IPOs.
- Can invest through both repatriable and non-repatriable funds.
- Additionally, customers have the flexibility to open both PIS(Portfolio Investment Scheme) and non-PIS trading accounts.
- ICICI Direct also provides advanced online trading features with next-generation trading platforms and tools. The trading software includes the ICICIDirect.com website, ICICI Direct Mobile Trading App, and Trade Racer, an installable trading terminal.
ICICI Direct Centre for Financial Learning (ICFL)
Moreover, ICICI Direct Centre for Financial Learning (ICFL) offers high-quality education programs designed to help students and professionals achieve their career goals and investors and traders build expertise to invest and trade.
The programs range from investor and trader-focused skill improvement programs on stock investing, technical analysis, and derivatives trading to certification programs on financial planning and wealth management.
Conclusion
Overall, it is a good option for high frequency traders as the broker provides a range of trading platforms and brokerage plans catering to this group. However, beginners may find the high brokerage rates overwhelming and may prefer other brokerage firms. While the customer service response is average, there is room for improvement, especially in the mobile app segment.
FAQ
How to do intraday trading in ICICI Direct?
To do intraday trading in ICICIDirect, you need to first log in to your trading account, then select the stock you want to trade and choose the ‘Intraday’ option while placing the order. Make sure to monitor the stock’s performance and exit before the market closes.
How to sell shares in ICICI Direct?
To sell shares in ICICIDirect, you need to log in to your trading account, select the stock you want to sell, and place a sell order. You can choose to sell at the current market price or set a limit price for the order.
How to put stop loss in ICICI Direct?
To put a stop loss in ICICIDirect, you need to place a sell order and choose the ‘Stop Loss’ option. You can set the stop loss at a particular price point, and if the stock falls to that price, the sell order will automatically be executed.
How to pause SIP in ICICI Direct?
To pause an SIP in ICICIDirect, follow these steps:
- Log in to your ICICIDirect account.
- Click on the “Mutual Funds” tab and select “My SIPs”.
- Select the SIP you want to pause and click on the “Pause” option.
- Select the reason for pausing the SIP and enter the number of instalments for which you want to pause it.
- Review and confirm the details you entered.
- The SIP will be paused for the selected number of instalments.
How to pledge shares in ICICIDirect?
To pledge shares in ICICIDirect, follow these steps:
- Log in to your ICICIDirect account.
- Click on the “Equity” tab and select “My Portfolio”.
- Select the shares you want to pledge and click on the “Pledge” option.
- Enter the details of the pledge, such as the quantity and the purpose of the pledge.
- Accept the terms and conditions and confirm the pledge request.
- Download and print the pledge form and sign it.
- Submit the signed pledge form to the ICICI Bank branch mentioned on the form along with any other required documents.
- Once the pledge is approved, the pledged shares will be blocked and you can use them as collateral for availing loans or other facilities.
Note: It is important to carefully read and understand the terms and conditions of the pledge before pledging any shares. Also, keep track of the expiry date of the pledge and renew it if necessary.
How to check brokerage in ICICI Direct?
To check the brokerage charges in ICICIDirect, follow these steps:
- Log in to your ICICIDirect account.
- Click on the “Customer Service” tab.
- Select “Brokerage Calculator” option.
- Enter the details of the transaction you want to check the brokerage for, such as the stock code, quantity, and price.
- Click on “Calculate” to get an estimate of the brokerage charges for the transaction.
ICICIDirect offers different brokerage plans, so it is important to check which plan you are subscribed to and what the applicable charges are. You can find this information on the ICICIDirect website or by contacting their customer support.
How to close ICICI Direct account online?
To close an ICICIDirect account online, follow these steps:
- Log in to your ICICIDirect account.
- Click on the “Customer Service” tab.
- Select “Account Closure Request” option.
- Fill in the required details, such as your name, account number, and reason for closure.
- Upload the required documents, such as a self-attested ID proof and address proof.
- Review and confirm the details you entered.
- Submit the account closure request.
Once you have submitted the request, it will process it within a few business days and notify you of the closure. You will receive the remaining balance in your account, after deducting any applicable charges.
Note: It is important to settle any open positions or dues before closing the account.
How to create a portfolio in ICICI Direct?
o create a portfolio in ICICIDirect, follow these steps:
- Login to your ICICIDirect account.
- Click on the “Portfolio” tab.
- Select “Add New Portfolio” option.
- Give a name to your portfolio and select the type of portfolio.
- Add the stocks or securities you want to include in your portfolio by clicking on “Add Stock”.
- Enter the details of the stock, such as the stock code, quantity, and price.
- Click on “Save” to add the stock to your portfolio.
- You can also edit or delete the stocks in your portfolio by selecting the portfolio and clicking on the “Edit” or “Delete” option.
How to invest through ICICI Direct?
To invest through ICICIDirect, follow these steps:
- Open a trading and demat account with ICICIDirect.
- Complete the KYC process by submitting required documents.
- Login to your account and select the stock you want to invest in.
- Enter the details of the stock such as the quantity and price.
- Confirm the details and place the order.
- Pay for the order through net banking or other available payment methods.
- Your order will be executed and the stock will be credited to your demat account.
How to start SIP in ICICI Direct?
To start SIP in ICICIDirect, you need to log in to your account, select the mutual fund you want to invest in, and choose the ‘SIP’ option while placing the order. You can set the SIP frequency and amount.
How to stop mutual fund SIP in ICICI Direct?
To stop mutual fund SIP in ICICIDirect, firstly, log in to your account, go to the ‘SIP’ section, and select the SIP that you want to stop. You can then choose the ‘Stop’ option and confirm the action.
How to close ICICI direct trading account online?
To close an ICICI direct trading account online, you need to first clear all your dues and holdings. Once done, you can submit a closure request through the website by logging into your account and going to the “Customer Service” section. From there, select “Account Closure” and fill out the necessary details to initiate the account closure process.
How to do commodity trading in ICICI direct?
To activate a commodity account in ICICI direct, you can follow these steps:
- Log in to your ICICIdirect account using your user ID and password.
- Click on the ‘Customer Service’ tab on the top menu bar and select ‘Service Requests’ from the dropdown menu.
- Under ‘Service Requests’, select the ‘Activate Commodities Segment’ option.
- Fill out the required details, including your PAN card number, contact information, and bank account details.
- Once you’ve entered all the required information, click on ‘Submit’.
- You’ll receive a confirmation message with a request number.
- It will process your request and activate your commodity account within a few working days.
Alternatively, you can also contact the ICICIdirect customer support team to activate your commodity account. You can call their customer care number or visit your nearest ICICI Bank branch for assistance.
How to trade in futures and options in ICICI direct?
Firstly, activate your F&O segment and submit the required documents that are you income statement or past 6 month’s passbook transactions. After you have activated your F&O segment, you can now log in to your account and place orders on various futures and options in the trading platform of ICICIdirect.
How to transfer money from ICICI direct to ICICI Bank account?
To transfer money from ICICIDirect to ICICI Bank account:
- Log in to your ICICIDirect account.
- Click on “Funds” and select “Fund Transfer”.
- Choose “Transfer to Bank Account” option.
- Enter amount and select bank account to transfer.
- Review and confirm the details.
- The funds will be transferred to your ICICI Bank account.
How to buy Bank Nifty in ICICI direct?
To purchase Bank Nifty through ICICIdirect, you must activate your F&O (Futures and Options) segment by providing the necessary documents. Once the activation process is complete, you can log in to your ICICIdirect account and place an order for Bank Nifty using the broker’s trading platform.
How to buy Gold ETF in ICICI direct?
To purchase Gold ETF through ICICIdirect, access the trading platform and login to your account. After logging in, place an order for the Gold ETF of your choice. ICICIdirect provides some research tools and resources that can help you for evaluating your decision.
How to buy index funds in ICICI direct?
To buy index funds in ICICIdirect:
- Log in to your ICICIdirect account.
- Click on “Mutual Funds” and select “Funds Explorer”.
- Choose “Index Funds” option.
- Select the fund and click on “Invest Now”.
- Enter the investment amount and review the details.
- Confirm the investment and the units will be allotted to you.
How to buy Nifty 50 in ICICI direct?
It is not possible to buy the Nifty 50 index directly in ICICIdirect. However, you can invest in mutual funds or exchange-traded funds (ETFs) that track the Nifty 50 index. To invest in Nifty 50 index funds or ETFs, follow these steps:
- Log in to your ICICIdirect account.
- Click on the “Mutual Funds” tab and select “Funds Explorer”.
- Select the “Index Funds” or “ETFs” option from the list of fund categories.
- Choose the fund or ETF that tracks the Nifty 50 index.
- Click on the “Invest Now” button.
- Enter the amount you want to invest and review the details of the investment.
- Confirm the investment by entering your transaction password or using any other authentication method.
- The units of the Nifty 50 index fund or ETF will be allotted to you at the applicable Net Asset Value (NAV).
How to buy stock in ICICI direct app?
To buy stocks in ICICIdirect app:
- Log in to the ICICIdirect app.
- Tap on the “Trade” tab.
- Search for the stock you want to buy using the search bar.
- Select the stock and enter the quantity you want to buy.
- Set the price at which you want to buy the stock.
- Review the details of the order and confirm the purchase.
- The shares will be credited to your Demat account upon successful completion of the transaction.
How to change brokerage plan in ICICI direct?
To change the brokerage plan in ICICIdirect, follow these steps:
- Log in to your ICICIdirect account.
- Click on the “Customer Service” tab and select “My Account”.
- Click on the “Change Brokerage Plan” option.
- Select the brokerage plan you want to switch to.
- Read and understand the terms and conditions of the new brokerage plan.
- Confirm your selection and submit the request.
- Once the request is processed and approved by ICICIdirect, the new brokerage plan will be effective.
How to invest in the share market through ICICI Direct?
To invest in the share market through ICICI Direct, follow these steps:
- Open a trading and Demat account with it by filling out the account opening form and submitting the necessary documents.
- Once your account is opened, log in to your account.
- Transfer funds to your trading account using any of the available methods.
- Research and select the stock you want to invest in.
- Place a buy order for the selected stock by entering the quantity, price, and other relevant details.
- Once the order is executed, the shares will be credited to your Demat account.
- Monitor your investments regularly and make informed decisions based on market conditions and company performance.
How to invest in SIP through ICICI Direct?
Investing in SIP (Systematic Investment Plan) through ICICI Direct is quite simple and can be done in a few easy steps:
- First, log in to your account using your login credentials.
- Next, click on the “Investments” tab and select the “Mutual Funds” option from the dropdown menu.
- Now, select the mutual fund in which you want to invest in SIP mode.
- Once you have selected the mutual fund, click on the “Invest Now” button.
- Now, select the “SIP” option from the investment mode dropdown menu.
- Enter the amount you want to invest in SIP and select the frequency of investment, such as monthly or quarterly.
- Next, select the start date and the end date of the SIP investment.
- Now, review your investment details and confirm your SIP investment.
Once you have completed these steps, your SIP investment will be set up, and the designated amount will be deducted from your bank account at the chosen frequency and invested in the selected mutual fund. It is important to note that SIP investments are subject to market risks, and it is advisable to consult with a financial advisor before making any investment decisions.
How to short sell in ICICIDirect?
To short sell in, you need to log in to your account and select the stock you want to short sell. Then, Place a sell order for the stock, but select “Sell in Short” instead of “Sell.” Enter the quantity of shares you want to short sell and the price at which you want to sell them. Confirm the order and wait for it to get executed.
How to start trading in ICICI Direct?
To start trading in, you need to open an account online or you first need to open a trading and demat account with them. This can be done online or by visiting one of their branche and complete the KYC process. Once your account is activated, you can log in to the platform and start start placing buy or sell orders for stocks, mutual funds, commodities, currencies, and more.
How to use free brokerage in ICICI Direct?
To use it’s free brokerage plan, you have to check if you meet the eligibility criteria, which may include minimum trading volume, minimum account balance, or a combination of both. If you fulfill certain conditions, you will be eligible for brokerage free plan and you can apply for it.
ICICI Direct Earnometer
You can click on the link here – Earnometer
ICICI Direct Old Site/login old site?
ICICI Direct has changed its old site, and customers cannot get access to its old website. If you wish to visit it new website, here is the link
ICICI Direct customer login?
Visit the link here
ICICI Direct Customer Care?
This is the ICICI Direct Customer Care number : 022-40701841or you can mail any query at ciso@icicisecurities.com
ICICI Direct Brokerage Calculator?
Visit the link here
