Top Mutual Funds
Brokerage
Equity Brokerage Structure
| Total Eligible Turnover (Volume of Transaction) per month | Brokerage |
|---|---|
| Trades above Rs. 50,00,000/- (Above Rs. 50 lacs) | 0.50 % |
| Rs . 25,00,001/- to Rs. 50,00,000/- (Rs. 25 lacs to Rs. 50 lacs) | 0.75 % |
| Rs . 10,00,001/- to Rs. 25,00,000/- ( Rs. 10 lacs to Rs. 25 lacs) | 0.90 % |
| Rs . 5,00,001/- to Rs. 10,00,000/- ( Rs. 5 lacs to Rs. 10 lacs) | 1.00 % |
| Up to Rs. 5,00,000/- (Rs. 5 lacs) | 1.25 % |
Brokerage Examples :
- If the total value of buy and sell transactions is Rs. 5,00,001 or more in any calendar month, commission for the immediate next month would come down by 25 basis point to 1.00%. However if in the next calendar month, the total value of buy and sell transactions is less than Rs. 5,00,000 (Rs. 5 lacs), the applicable commission for the immediate next quarter would increase by 25 basis point and reinstated to1.25 %.
For example, the total value of buy and sell transaction for a Month I is Rs.30,00,000. Applicable brokerage for the Month II would be 0.75 %, which would be retained at 0.75% or revised upward up to 1.25 % for Month III based on the total value of transaction in Month II.
| MONTH | TURNOVER | BROKERAGE RATE | NEXT MONTH BROKERAGE AS PER TURNOVER DONE |
|---|---|---|---|
| Month 1 | 30,00,000/- | 1.25% | 0.75% |
| Month 2 | 60,00,000/- | 0.75% | 0.50% |
| Month 3 | 12,00,000/- | 0.50% | 0.90% |
| Month 4 | 2,50,000/- | 0.90% | 1.25% |
- For NSE Trades Brokerage is calculated on a per share basis and is rounded off to the fourth decimal
- For BSE Trades Brokerage is calculated on a per share basis and is rounded off to the second decimal
- GST will be charged at 18% on total value of brokerage
- Securities Transaction Tax (STT) at 0.1% on turnover
- SEBI turnover charges at 0.0001% on turnover
- Transaction Charges will be charged @ 0.00285% for NSE and Rs 0.75 per trade basis for all scrip's for BSE (Except for BSE listed securities "X","XC","XD","XT","Z","ZP","P" where transaction charges will be 0.1% and SS and ST segment 1% on turnover, "M","MT", "R" will be 0.0028%). Applicable GST would be charged over & above Transaction charges.
- Applicable Stamp Duty charges as per delivery and non-delivery would be levied on turnover
- The final value of Brokerage and GST is arrived at by multiplying the per share value in four decimals with the Quantity. This value is then rounded off to two decimals
- The minimum value of the order that would be accepted would be Rs. 200/- and the minimum brokerage would be Rs. 75/- per trade. The minimum brokerage is Rs.75/- or 2.5% of the trade value whichever is lower. The brokerage is inclusive of bank's charges for Portfolio Investment Services (PINs), demat market transaction charges and postage charges. GST, Securities Transaction Tax (STT), Transaction Charges and Stamp Duty will be charged additionally as per the applicable rate.
- Cash Brokerage shall be levied for Orders placed in OFS and Buyback apart from all other statutory charges
Minimum Order Values
Minimum order value would be Rs.50
Demat Account Fee schedule for Non Resident Indians (With effect from June 01, 2005):
| Fee Head | For Domestic Communication Address | For Foreign Communication Address |
|---|---|---|
| A/c opening Charges | Nil | Nil |
| First Year AMC | Nil | Nil |
| Annual Service Charges (payable at the time of account opening and thereafter every year in the month in which the account was opened) (waived off for all ICICI Direct.com Customers for the first year in which they open the account) | 700/- | 700/- ( 1150/- for customer receiving statements by e-mail) |
| Agreement Stamp Paper (included in the ICICI Direct.com a/c opening charges) | Nil | As per respective State Act |
| Buy - Market and Off-Market (% of transaction value of each ISIN) - Max. 500 for debt instruments | Nil for Trades done on www.icicidirect.com | Nil for Trades done on www.icicidirect.com |
| Sell - Market and Off-Market (% of transaction value of each ISIN) - Max. 500 for debt instruments - Instruction submitted through Internet (E-inst / IVR) - Instruction submitted through Call Centre - Instruction submitted at Branches | Nil for Trades done on www.icicidirect.com 0.04% (Min. 30) & Max 25,000/- 0.04% (Min. 35) & Max 25,000/- 0.04% (Min. 40) & Max 25,000/- | Nil for Trades done on www.icicidirect.com 0.04% (Min. 10) & Max 25,000/- 0.04% (Min. 15) & Max 25,000/- 0.04% (Min. 30) & Max 25,000/- |
| Rejections/Fails | 30/- | 30/- |
| Extra charges for processing of TIFDs submitted late (% of transaction value) - Instruction submitted through Internet (E-inst / IVR) - Instruction submitted through Call Centre - Instruction submitted at Branches | Nil for e-instructions Nil Nil 10/- per ISIN | Nil for e-instructions Nil Nil 10/- per ISIN |
| Dematerialisation For ICICI Bank Share For each request form Extra for each certificate | Nil 50/- 3/- | Nil 35/- 2/- |
| Rematerialisation | A fee of 25/- for every hundred securities or part thereof subject to maximum fee of 3,00,000/-; or a flat fee of 25/- per certificate, whichever is higher | 20/- |
| Reconversion on MF Units | 25/- | 25/- per instruction |
| Closure of Account | Nil | Nil |
| Pledge Creation/Closure/Confirmation/ Invocation (% of value for each ISIN in each request) - If, ICICI Bank is counter party - If, ICICI Bank is not counter party | 0.02% (Min. 35/-) & Max 25,000/- 0.04% (Min. 40/-) & Max 25,000/- | 0.02% (Min. 15/-) & Max 25,000/- 0.04% (Min. 30/-) & Max 25,000/- |
| Postal Charges for security items, Additional Booklets, Security Certificates etc | 20/- | 350/- |
NSDL chargess
NSDL charges are chargeable extra on actuals. Present NSDL charges are :
Sell - Market and Off-Market (W.e.f. 01.01.2008)
5/- per debit instruction (nil for commercial paper and short-term debt instruments)
Rematerialisation (W.e.f. 01.11.2006)
A fee of 10/- for every hundred securities or part thereof ; or a flat fee of 10/- per certificate, whichever is higher
Pledge Creation
25/- per instruction
- The value of shares and charges is calculated as per NSDL formula and rates
- There will be a charge of 100/- for dishonour of any cheque or unsuccessful attempt to recover payment through direct debit or ECS. The depository services are liable to discontinuation if ICICI Bank is unable to recover charges from the customer for any reason whatsoever. In such cases there will be a charge of 250/- for resumption of services and the services will be resumed after a minimum of three working days from the date of receipt of request at Central Processing Office, Mumbai
- Any service that is not indicated above will be charged separately as per the rates applicable from time to time
- ICICI Bank reserves the right to revise the tariff structure from time to time, with notice of 30 days. The notice may be given by ordinary post or by an advertisement in a national daily
- If the Demat Account is closed during the year, no pro-rata refund of Annual Service Charge will be made
Future & Options Brokerage Structure
The eligible turnover and the brokerage rates for Futures and Options are given in the below table:
| Futures | Options | ||
|---|---|---|---|
| Total Eligible Turnover per month | Brokerage (%) | Total Eligible Premium Value per month | Flat Brokerage per contract lot () |
| Above 20 Crores | 0.03 | Above 20 lacs | 70 |
| 10 Crores to 20 Crores | 0.035 | 10 lacs to v20 lacs | 75 |
| 5 Crores to 10 Crores | 0.04 | 5 lacs to 10 lacs | 85 |
| Less than 5 Crores | 0.05 | Less than 5 Lac | 95 |
The Futures and Options transactions will be charged at a brokerage rate of 0.05% and Rs. 95/- respectively for the first month. The brokerage rates will be applicable for the next month depending on the turnover done in the current month E.g. For the month of Aug 2008, brokerage rate will be dependent on the turnover done in the month of July 2008 as seen in the table below:
Brokerage Example :
| Month | Total Eligible Futures Turnover (Crore) | Brokerage % | Total Eligible Options Premium value ( Lacs) | Flat Brokerage per contract lot () |
|---|---|---|---|---|
| 5th Nov 2008 | 21 | 0.035 | 18 | 70 |
| 4th Oct 20088 | 19.25 | 0.03 | 21.5 | 85 |
| 3 rdSept 2008 | 20.25 | 0.035 | 5.15 | 75 |
| 2 nd Aug 2008 | 11 | 0.04 | 12.25 | 90 |
| 1 st Jul 2008 | 5.9 | 0.05 | 4.95 | 95 |
