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Why ICICI Direct?

You can now Invest in Indian Markets from anywhere in the world seamlessly with ICICIdirect.com.

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Convenience

With ICICIdirect NRI account the Bank, Demat and Trading account are integrated for seamless and paperless investment in Stocks, ETF, IPO, Mutual Funds and more online from anywhere in the world. With a single login you can get access to NRE / NRO and for investment in shares through PINS and in primary market through NON PIS.

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Value added features

The ICICIdirect NRI account offers you features like Valid Till Cancel with 45 days validity to beat the time difference with respect to India by placing orders which are valid till 45 days. You can also systematically invest in equity by placing SEP orders to auto invest in Equity at desirable intervals.

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TDS Settlement

With a hassle free and automated settlement of TDS on Capital gains the the pay-out gets directly credited to NRO/NRE bank account post deduction of applicable TDS. The short term losses are also set off against any future short term profits during the financial year in the PINS account which helps in minimizing the tax outflow and avoiding the need to claim excess tax later from Income Tax Dept.

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Tracking & Review

Monitoring your investments is as important as making one. With auto alerts and customers alerts on the mobile app you can keep a track of your investment and make informed decisions on your portfolio.

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All-inclusive pricing

The brokerage charged on your transactions are all inclusive and there is no separate transactional charges on repatriation, TDS settlement, PIS reporting charges and DP sell charges. You can also avail upto 84% discount on brokerages by subscribing to our competitive pricing plans to bring down your cost on transactions.

We Offer

The ICICIdirect.com trading account is a combination of four different types of accounts. The accounts available to you for trading depends on options chosen by you while filling the application form based on type of transactions and the type of funds that you want to use for your investments. 

IMG_256Demat Accounts can be NRE or NRO 

IMG_257 Savings Account can be NRE or NRO 

IMG_258 Trading Account can be PINS or NON PINS 

 

Hence the types of Account that ICICI Direct provides to NRI clients would be : 

IMG_259 NRE-PINS : This allows for transactions under PINS on Repatriable basis 

IMG_260 NRE-Non-Pins : This allows for transactions under Non-PINS on Repatriable basis 

IMG_261 NRO-PINS : This allows for transactions under PINS on Non-Repatriable basis 

IMG_262 NRO-Non-Pins : This allows for transactions under Non-Pins on Non-Repatriable basis 

 

 

ICICIdirect.com has pioneered a range of products & services that helps you grow your investments and achieve your financial goals with ease.[Text Wrapping Break][Text Wrapping Break]Complete online and real- time trading on Indian stock markets in BSE / NSE. With the click of a button you can buy and sell shares, ETF . Trade with ease in shares with the intention of taking delivery of shares in your demat account.[Text Wrapping Break][Text Wrapping Break]Reporting of transactions details to RBI directly through Portfolio Investment Scheme ( PINS ) for all secondary market transactions. 

You can now trade in ETFs (Exchange Traded Funds) through your Non PINS trading account (NPNRE / NPNRO). You can invest through both repatriable as well as non repatribale funds.[Text Wrapping Break][Text Wrapping Break]To begin with, let us first understand the concept of an exchange traded fund or commonly known as ETF, types of ETF in India and then move on to the advantages of using ETFs as part of your portfolio. 

Understanding ETFsAn ETF is a basket of securities that is traded on the stock exchange, just like a stock. So, ETFs are listed on a recognised stock exchange. Their units can be bought and sold directly on the exchange, through a stockbroker during the trading hours. ETFs can be either close-ended or open-ended. 

Type of ETFIn India, there are three kinds of ETFs available : 

IMG_256 Equity Index ETFs 

IMG_257 Liquid ETFs and 

IMG_258 Gold ETFs 

Advantage of ETFs 

IMG_259ETFs generally have lower costs than other investment products because most ETFs are not actively managed. Besides, ETFs are insulated from the costs of having to buy and sell securities to accommodate shareholder purchases and redemptions. ETFs have lower marketing, distribution and accounting expenses. The expense of investing in ETFs is relatively less by 0.50-1.00 percent in comparison to an index fund. The expense ratio for ETFs is in the range of 0.50-0.75 percent excluding brokerage while for index funds the expense ratio varies in the range of 1.0-1.5 percent. However, brokerage (which varies) is applicable on ETFs while there are no entry loads now on index funds 

IMG_260Low tracking error: The tracking error, which explains the extent of deviation of returns from the underlying index, is usually low in ETFs as it tracks the equity index on a real time basis whereas it is done only once in a day for index funds 

IMG_261Exposure to broad markets through Index ETFs, Liquid ETFs and Gold ETFs 

You can also trade in Derivatives viz. Futures & Options through your ICICIdirect.com 3-in-1 account. Futures & Options trading gives you a range of exciting opportunities : 

IMG_256Intra day trading : You can square off your contracts on the same day of entering them 

IMG_257Short Positions : You can short sell 

IMG_258Index Trading : You can trade in NSE index i.e. Nifty 

IMG_259Leverage : You can purchase derivatives contracts by just paying a percentage value of the trade value called margin 

Investing in Mutual funds : ICICIdirect.com brings you the online convenience while investing in Mutual funds also - Hassle free and Paperless Investing. You can invest in mutual funds without the hassles of filling application forms or any other paperwork. You need no signatures or proof of identity for investing. Once you place a request for investing in a particular fund, there are no manual processes involved. Your bank funds are automatically debited or credited while simultaneously crediting or debiting your unit holdings. In case of investments from the NRE account, the debit certificate is also submitted automatically to the Mutual Fund so as to enable repatriation of sale proceeds subsequently. You also get control over your investments with online order confirmations and order status tracking. Get to know the performance of your investments through online updation of MF portfolio with current NAV.
You could also invest in Initial Public Offers (IPOs) online without going through the hassles of filling ANY application form/paperwork.

Once you place a request for investing in a particular IPO, there are no manual processes involved. Your bank funds are automatically debited and an application made on your behalf. In case of investments from the NRE account, the debit certificate is also submitted automatically. Where such investments are subsequently sold online, the proof of debit from NRE account is also not required to be submitted separately for repatriation of sale proceeds.

Get in-depth analyses of new IPOs issues (Initial Public Offerings) which are about to hit the market and analysis on these. IPO calendar, recent IPO listings, prospectus/offer documents, and IPO analysis are few of the features, which help you, keep on top of the IPO markets.

 

Value Added Features

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Portfolio Investment Scheme (PINS) is a scheme of RBI through which NRIs and PIOs can buy and sell shares and convertible debentures in Indian Stock Exchanges.

Investment in Indian markets can be made only after approval from RBI. Designated Banks are authorized to issue permission on behalf of RBI. ICICI Bank is one of the designated banks for PINS.

NRIs can authorize only one Bank for Portfolio Investment Scheme, and as such can have only one PINS account. Application for PINS to ICICI Bank is made on behalf of the NRI client through the ICICI Direct application form.

A NRI or a PIO can have only one PINS approval in India.

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TDS : Tax deducted at Source

Tax needs to be deducted at source. ICICI Direct deducts the Tax before crediting the account.

Investment in Indian markets can be made only after approval from RBI. Designated Banks are authorized to issue permission on behalf of RBI. ICICI Bank is one of the designated banks for PINS.

Tax applicable as per Income tax law, for current financial year, tax on short term capital gain is 17.94% and long term capital gain is 11.96% for equity transactions. There is different tax rate slab for non-equity transactions. TDS is applicable on all the transactions wherein you have made a profit or capital gain. However there is no TDS deducted if you have incurred a loss on a particular transaction.

The rate of TDS depends upon the period of holding. TDS is calculated at @17.94% for Short Term Capital Gains, i.e. gains on holdings less than a year old for equity transactions. Long Term Capital Gains (i.e. gains on holdings more than a year old) are taxed at 11.96% for equity transactions. Short term & Long term capital gains tax is applicable for non-equity transaction depending upon the nature of the securities

TDS is calculated on sell transaction only

  • TDS Calculations Under PINS Account
  • TDS Calculations Under NON PINS Account
  • Submission Of Documents For TDS Calculation And Repatriation Proof
  • Consequences On Non Submission Of Proofs

Pre-market open view

Opening Bell : Daily comprehensive snapshot containing information & in-depth analysis of Indian & US markets, major headlines, technical view on the indices & news events on major frontline stocks.

Daily Technical : Features three stocks with a trading outlook for the day based on short-term technical trends considering key technical indicators & statistical information

Daily Derivative : Trading strategy for a day in the futures & options segment based on news events, market trends, technical & other factors governing movements in stocks.

Advanced Derivative Strategies : Provides simplified Derivative strategies such as Spreads and Covered calls

Intra-day Technical recommendations

Derivative Calls : Based on short term technical trends and stock specific news/news expectations.

Weekly Technical : Features stocks with a trading outlook for a week based on short-term technical trends considering key technical indicators & statistical information.

Weekly Derivatives : Trading opportunities in futures & options segment based on fundamental & technical analysis also incorporates factors such as overall market trend, volatility & open interest positions of securities.

Short - Medium term recommendations

Stock Picks : Detailed Company Report : Fundamental report understanding the business model and future prospects of the company & valuations.

Weekly recommendations

Stocks On Move : Covers stocks which are likely to show significant upward movement in the next 15 days due to change in trader sentiment.

Monthly Technicals : Trading outlook for a month based on medium-term technical trends considering key technical indicators & statistical information.

Equity Model Portfolio : A portfolio based on your Risk appetitie: Conservative, Moderate and Aggressive.

High Dividend Yield Stocks : Features High Dividend Yielding Stocks for assured returns on investment.

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a.   Valid Till Cancel – This feature enables you to place your orders at your desired price, at any day of the week with just a click and you can keep your orders active for up to 45 days. This eliminates the need to login and place a fresh order for the same stock on a daily basis. With this feature NRIs can also beat the time difference to place live orders in the market 

 

b.   Price Improvement Order – This feature enables you to get a better price for both your buy and sell orders. PIO helps you place Cash orders along with Stop Loss Trigger Price. The stop loss trigger price gets auto-updated with a movement in the market price and thereby ensures minimum loss. This feature is available on both the exchanges (NSE & BSE). 

 

Opportunities under this product 

1.     To gain from the upside in stock with Price Improvement Order while selling stocks using Stop Loss Orders 

2.     To buy stock at lower price with Price Improvement Order using Stop Loss Order 

 

c.     Multi-Price Order – This feature enables gives you a second chance at your order execution 

 

How does it work? 

1.     Place your order with 2 prices : Your best price and your next best price which could be market or limit price 

2.     If your order does not get executed at your best price throughout the day, the system will auto place an order with your next best price at the end of market hours 

Benefits of Multi-Price Order 

1.     You have fair chances of getting a stock at a better price than what is available in the market 

2.     if you have put the second price as market price, then you can be assured that at the end of the day, you will own the stock 

3.     You don't have to manually track the price movement in your stock continuously 

COMPETITIVE PRICING PLANS

Your ICICIdirect NRI account has an all-inclusive pricing which includes brokerage, repatriation cost, TDS settlement charges, PIS reporting charges and DP sell charges. You can also subscribe to our competitive pricing plans to bring down your cost on transactions to 0.2% saving you 84% on brokerage pain

Subscription to this brokerage plans comes with a 15 year validity to give you freedom to use whenever you want and a flexibility to exit after completion of 1 year of subscription and get a full refund of the unutilized brokerage.

Prepaid PlanCash BrokerageTurnover (Rs)Brokerage at 1.25%Savings compared to 1.25%Savings %
10000/- 0.75% 1333333 16667 6667 40%
50000/- 0.75% 10000000 25000 75000 60%
100000/- 0.35% 28571429 357143 257143 72%
200000/- 0.30% 66666667 833333 633333 75%
300000/- 0.20% 150000000 1875000 1575000 85%
  • GST of 18% is applicable on the prepaid amount

To choose your desired Brokerage Plan visit www.icicidirect.com > customer service > my profile > select brokerage plan.

Open An Account

Outside India and want to open an Idirect account?

You will have to register online for opening a NRI account by clicking here and generate an Account Reference Number (ARN). Our account opening team will reach out to you over call and email to initiate the account opening process

NRI NEW ACCOUNT

Documents required for opening NRI Idirect account

  • Valid Passport
  • Valid Visa
  • PAN card
  • Overseas Address Proof
  • OCI Card (required in case of foreign passport with ‘Place if birth’ as foreign country)

If you are in Indiat

You may visit any of the ICICIdirect or ICICI Bank branches and our representatives would for filling the NRI account opening form and provide required documents