FundsIndia Vs ICICI Direct
FundsIndia
FundsIndia's overall views, updates & reviews. All about Services, Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account & more
ICICI Direct
ICICI Direct is a full service Broker. ICICI Direct gives an overall review and updates about Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Support, Advantages and Disadvantages.
FundsIndia Vs ICICI Direct - Broker Details
| FundsIndia | ICICI Direct | |
|---|---|---|
| Single Margin Facility |
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| Year of Incorporation | 2009 | 1995 |
| Exchanges | Sebi | BSE and NSE. |
| Branches | Zero | 250+ |
| Brokerage | 1)Transaction < 8,000 Brokerage - ₹25 Flat 2) Transaction > 8,000 Brokerage – 30 bps ( 30 paise for every ₹100) amount ₹150 | Prime Plan: ₹900/- |
| Broker Type | Full Service Broker | Full service Broker |
| Call Back Open Account | Call Back Open Account |
FundsIndia Vs ICICI Direct - Account Opening & AMC Charges
| FundsIndia | ICICI Direct | |
|---|---|---|
| Trading Account Opening Charge | ₹0 (Free) | ₹0 (Free) |
| Demat Account Opening Charge | ₹0 (Free) | ₹0 (Free) |
| Demat Account AMC | ₹200 /-(Service Tax) 2nd Year onwards | ₹700 (From 2nd Year) | ₹300 for Neo Customers |
| Trading Account AMC | N/A | ₹0 (Free) |
| Call Back Open Account | Call Back Open Account |
FundsIndia Vs ICICI Direct - Brokerage charges & Plans
| FundsIndia | ICICI Direct | |
|---|---|---|
| Commodity Futures | N/A | ₹20/ Order |
| Currency Futures | N/A | ₹20/ Order |
| Equity Delivery | 0.01% | ₹0.09% |
| Equity Options | 1)Transaction < 8,000 Brokerage - ₹25 Flat 2) Transaction > 8,000 Brokerage – 30 bps ( 30 paise for every ₹100) amount ₹150 | ₹20/ Order |
| Commodity Options | N/A | ₹20/ Order |
| Equity Futures | 1)Transaction < 8,000 Brokerage - ₹25 Flat 2) Transaction > 8,000 Brokerage – 30 bps ( 30 paise for every ₹100) amount ₹150 | ₹20/ Order |
| Currency Options | N/A | ₹20/ Order |
| Fixed Charges | 1)Transaction < 8,000 Brokerage - ₹25 Flat 2) Transaction > 8,000 Brokerage – 30 bps ( 30 paise for every ₹100) amount ₹150 | ₹20/ Order |
| Equity Intraday | 1)Transaction < 8,000 Brokerage - ₹25 Flat 2) Transaction > 8,000 Brokerage – 30 bps ( 30 paise for every ₹100) amount ₹150 | ₹20/ Order |
| Call Back Open Account | Call Back Open Account |
FundsIndia Vs ICICI Direct - Other Charges
| FundsIndia | ICICI Direct | |
|---|---|---|
| RMS Square Off Charge | N/A | ₹50/ Order |
| API Charges | N/A | ₹0 (Free) |
| Call & Trade Charges | N/A | ₹50/ Order |
| Other Brokerage Charges | 1)Transaction < 8,000 Brokerage - ₹25 Flat 2) Transaction > 8,000 Brokerage – 30 bps ( 30 paise for every ₹100) amount ₹150 | Prime Plan: ₹900/- |
| Minimum Brokerage | 1)Transaction < 8,000 Brokerage - ₹25 Flat 2) Transaction > 8,000 Brokerage – 30 bps ( 30 paise for every ₹100) amount ₹150 | ₹20/ Order |
| Call Back Open Account | Call Back Open Account |
FundsIndia Vs ICICI Direct - Transaction Charges
| FundsIndia | ICICI Direct | |
|---|---|---|
| Currency Options | N/A | Exchange turnover charge: 0.04% |Clearing charge: 0.025% |
| Equity Futures | 0.0035% on turnover | NSE: 0.002% |
| Equity Intraday | 0.0035% on turnover | NSE: 0.00345% | BSE: 0.00345% |
| Equity Options | 0.0035% on turnover | NSE: 0.053% |
| Commodity | N/A | Non-Agri: Exchange turnover charge: 0.0026% |
| Currency Futures | N/A | Exchange turnover charge: 0.0009% | Clearing charge: 0.0004% |
| Equity Delivery | 0.1% on the transaction amount | 0.00345% trade on buy & sell |
| Call Back Open Account | Call Back Open Account |
FundsIndia Vs ICICI Direct - Margin (Exposure)
| FundsIndia | ICICI Direct | |
|---|---|---|
| Equity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Equity Intraday | 5x (Up to 20% of trade value) | 5x (Up to 20% of trade value) |
| Currency Options | N/A | 1x (100% of NRML margin (Span + Exposure) |
| Commodity Options | N/A | 1x (100% of NRML margin (Span + Exposure) |
| Commodity Futures | N/A | 1x (100% of NRML margin (Span + Exposure) |
| Equity Delivery | 1x (100% of trade value) | 1x (100% of trade value) |
| Currency Futures | N/A | 1x (100% of NRML margin (Span + Exposure) |
| Equity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Call Back Open Account | Call Back Open Account |
FundsIndia Vs ICICI Direct - Features
| FundsIndia | ICICI Direct | |
|---|---|---|
| Online Portfolio |
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| Algo Trading |
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| Margin Trading Facility |
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| Call & Trade Facility |
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| Referral Program |
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| Collateral Margin |
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| Online Demo |
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| 3 in 1 Account |
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| Charting |
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| Intraday Square-off Time | 5-Day Margin trading can be done between 9:15 AM – 3:30 PM. However, you should square off the open position by 2:30 PM* on T+5 days. | Equity & F&O:- 3:20pm | Currency: 4:30PM | Commodities: 11:20 PM |
| Trading Platform | 1.FundsIndia Web 2.FundsIndia: Mutual Funds & SIP App | 1. ICICI Direct.com (Website). 2. Trade Racer (Trading Terminal). 3. ICICI Direct Mobile App. |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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| Call Back Open Account | Call Back Open Account |
FundsIndia Vs ICICI Direct - Review & Rating
| FundsIndia | ICICI Direct | |
|---|---|---|
| Trading Brokerage | ||
| Customer Service | ||
| Fees | ||
| Trading Platform Usability | ||
| Mobile App | ||
| Research | ||
| Desktop Software | ||
| Overall Ratings | ||
| Broker Rating | ||
| Call Back Open Account | Call Back Open Account |
FundsIndia Vs ICICI Direct - Request a call back from Broker
| FundsIndia | ICICI Direct | |
|---|---|---|
| Call Back Open Account | Call Back Open Account |
FundsIndia Vs ICICI Direct - Investment Options
| FundsIndia | ICICI Direct | |
|---|---|---|
| Currency |
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| IPO |
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| Commodity |
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| Debt |
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| Other Options |
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| Stock Cash / Equity |
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| Mutual Funds |
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| Bond / NCD |
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| Call Back Open Account | Call Back Open Account |
FundsIndia Vs ICICI Direct - Order Type
| FundsIndia | ICICI Direct | |
|---|---|---|
| Bracket Order/BO/OCO |
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| BTST |
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| Cover Order/CO |
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| Good Till Cancelled (GTC) |
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| BUY ABOVE/SELL BELOW (SL-M) |
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| After Market Order(AMO) |
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| STBT |
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| Call Back Open Account | Call Back Open Account |
FundsIndia Vs ICICI Direct - Research & Report
| FundsIndia | ICICI Direct | |
|---|---|---|
| Free Tips |
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| Quarterly Result Analysis |
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| Daily Market Report |
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| News Alerts |
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| Call Back Open Account | Call Back Open Account |
FundsIndia Vs ICICI Direct - Daily Market Report
| FundsIndia | ICICI Direct | |
|---|---|---|
| Daily Market Reports & News |
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| Call Back Open Account | Call Back Open Account |
FundsIndia Vs ICICI Direct - Suitable For Investor
| FundsIndia | ICICI Direct | |
|---|---|---|
| Casual Investor |
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| Active Investor |
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| Trader |
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| Call Back Open Account | Call Back Open Account |
FundsIndia Vs ICICI Direct - Pros & Cons
| FundsIndia | ICICI Direct | |
|---|---|---|
| Pros | 1.FundsIndia is the best investment platform in India. 2. Mutual fund services are free. 3) No Demat Charges 4) It is a trustworthy broker 5) For Customers’ convenience, the mobile trading app is available. 6) It has the best team for research analyst. | 1. It facilitates its customers by providing an integrated three-in-one account. 2. ICICI direct manages the customer’s demat and bank accounts by transferring the money to the broker’s pool or toward deposits. 3. The investments can be made in online in IPOs, Mutual Funds, GOI Funds and the postal savings schemes all of it from one website. 4. It allows trading at both the national exchanges i.e. NSE and BSE. |
| Cons | 1.No support in the currency or commodity markets. 2.Low exposure values are available. 3.Customer service response can improve. | 1. The brokerage of ICICI direct is high and not negotiable. 2. It does not offer commodity trading. 3. The minimum brokerage as the standard I-Secure plan is ₹20/Order that is high for the traders making small trades. 4. ICICI Direct provides ₹0.05 per share brokerage on the stocks quoting up to ₹10. It becomes difficult to trade in the penny stocks. 5. It charges ₹50 per call for the call and trader after first 20 free calls in a month. |
| Call Back Open Account | Call Back Open Account |
FundsIndia Vs ICICI Direct - Background
| FundsIndia | ICICI Direct | |
|---|---|---|
| Call Back Open Account | Call Back Open Account |
FundsIndia Vs ICICI Direct - Compare All Brokers
| FundsIndia | ICICI Direct | |
|---|---|---|
| Call Back Open Account | Call Back Open Account |
FundsIndia Vs ICICI Direct - STT/CTT
| FundsIndia | ICICI Direct | |
|---|---|---|
| Commodity Futures | N/A | 0.01% on sell side (Non-Agri) |
| Currency Futures | N/A | No STT |
| Equity Intraday | 0.025% on the Sell Side | NSE: 0.00345% trade on buy & sell | BSE: charges vary as per the scrip group |
| Equity Options | 0.05% on Sell Side(on Premium) | 0.05% on Sell Side(on Premium) |
| Currency Options | N/A | No STT |
| Equity Delivery | 0.1% on buy & sell | 0.1% on both Buy and Sell |
| Equity Futures | 0.01% on Sell Side | 0.01% on Sell Side |
| Commodity Options | N/A | 0.05% on sell side |
| Call Back Open Account | Call Back Open Account |
FundsIndia Vs ICICI Direct - Demat transaction charges
| FundsIndia | ICICI Direct | |
|---|---|---|
| Equity Demat Transaction Charges | ₹15 + Gst per scrip only on sell | Sell - 0.04% of the value of securities (Minimum ₹30 and maximum ₹25,000) |
| Call Back Open Account | Call Back Open Account |
FundsIndia Vs ICICI Direct - GST
| FundsIndia | ICICI Direct | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge + SEBI Fee) |
| Call Back Open Account | Call Back Open Account |
FundsIndia Vs ICICI Direct - SEBI Charges
| FundsIndia | ICICI Direct | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/Crore | ₹10/Crore |
| Call Back Open Account | Call Back Open Account |
FundsIndia Vs ICICI Direct - Account Opening & AMC Charges
FundsIndia
ICICI Direct
Trading Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account AMC
₹200 /-(Service Tax) 2nd Year onwards
₹700 (From 2nd Year) | ₹300 for Neo Customers
Trading Account AMC
N/A
₹0 (Free)
FundsIndia Vs ICICI Direct
| FundsIndia | ICICI Direct | |
|---|---|---|
FundsIndia Review 2024FundsIndia is an online investment brokerage platform that was incorporated in the year 2009 by Fundsindia founders C.R. Chandrasekar and Srikanth Meenakshi, who completed their education at the University of Hyderabad. FundsIndia is India’s friendliest online-only investm .. + " Vs "+ ICICI Direct |
ICICI Direct Review | Brokerage Charges, Account OpeningWith ICICIdirect, you can access retail trading and investment services from India's largest and most trusted stock broker, ICICI securities. It offers customers diverse online trading and investment services through its ICICIdirect platform.
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ICICI Direct
ICICI Direct is a full service Broker. ICICI Direct gives an overall review and updates about Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Support, Advantages and Disadvantages.
FundsIndia Vs ICICI Direct - Brokerage charges & Plans
| FundsIndia | ICICI Direct | |
|---|---|---|
| Commodity Futures | N/A | ₹20/ Order |
| Currency Futures | N/A | ₹20/ Order |
| Equity Delivery | 0.01% | ₹0.09% |
| Equity Options | 1)Transaction < 8,000 Brokerage - ₹25 Flat 2) Transaction > 8,000 Brokerage – 30 bps ( 30 paise for every ₹100) amount ₹150 | ₹20/ Order |
| Commodity Options | N/A | ₹20/ Order |
| Equity Futures | 1)Transaction < 8,000 Brokerage - ₹25 Flat 2) Transaction > 8,000 Brokerage – 30 bps ( 30 paise for every ₹100) amount ₹150 | ₹20/ Order |
| Currency Options | N/A | ₹20/ Order |
| Fixed Charges | 1)Transaction < 8,000 Brokerage - ₹25 Flat 2) Transaction > 8,000 Brokerage – 30 bps ( 30 paise for every ₹100) amount ₹150 | ₹20/ Order |
| Equity Intraday | 1)Transaction < 8,000 Brokerage - ₹25 Flat 2) Transaction > 8,000 Brokerage – 30 bps ( 30 paise for every ₹100) amount ₹150 | ₹20/ Order |
| Call Back Open Account | Call Back Open Account |
FundsIndia Vs ICICI Direct - Margin (Exposure)
| FundsIndia | ICICI Direct | |
|---|---|---|
| Equity Options | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Equity Intraday | 5x (Up to 20% of trade value) | 5x (Up to 20% of trade value) |
| Currency Options | N/A | 1x (100% of NRML margin (Span + Exposure) |
| Commodity Options | N/A | 1x (100% of NRML margin (Span + Exposure) |
| Commodity Futures | N/A | 1x (100% of NRML margin (Span + Exposure) |
| Equity Delivery | 1x (100% of trade value) | 1x (100% of trade value) |
| Currency Futures | N/A | 1x (100% of NRML margin (Span + Exposure) |
| Equity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Call Back Open Account | Call Back Open Account |
FundsIndia Vs ICICI Direct - Other Charges
| FundsIndia | ICICI Direct | |
|---|---|---|
| RMS Square Off Charge | N/A | ₹50/ Order |
| API Charges | N/A | ₹0 (Free) |
| Call & Trade Charges | N/A | ₹50/ Order |
| Other Brokerage Charges | 1)Transaction < 8,000 Brokerage - ₹25 Flat 2) Transaction > 8,000 Brokerage – 30 bps ( 30 paise for every ₹100) amount ₹150 | Prime Plan: ₹900/- |
| Minimum Brokerage | 1)Transaction < 8,000 Brokerage - ₹25 Flat 2) Transaction > 8,000 Brokerage – 30 bps ( 30 paise for every ₹100) amount ₹150 | ₹20/ Order |
| Call Back Open Account |
FundsIndia Vs ICICI Direct - STT/CTT
| FundsIndia | ICICI Direct | |
|---|---|---|
| Commodity Futures | N/A | 0.01% on sell side (Non-Agri) |
| Currency Futures | N/A | No STT |
| Equity Intraday | 0.025% on the Sell Side | NSE: 0.00345% trade on buy & sell | BSE: charges vary as per the scrip group |
| Equity Options | 0.05% on Sell Side(on Premium) | 0.05% on Sell Side(on Premium) |
| Currency Options | N/A | No STT |
| Equity Delivery | 0.1% on buy & sell | 0.1% on both Buy and Sell |
| Equity Futures | 0.01% on Sell Side | 0.01% on Sell Side |
| Commodity Options | N/A | 0.05% on sell side |
| Call Back Open Account |
FundsIndia Vs ICICI Direct - Demat transaction charges
| FundsIndia | ICICI Direct | |
|---|---|---|
| Equity Demat Transaction Charges | ₹15 + Gst per scrip only on sell | Sell - 0.04% of the value of securities (Minimum ₹30 and maximum ₹25,000) |
| Call Back Open Account |
FundsIndia Vs ICICI Direct - GST
| FundsIndia | ICICI Direct | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% on (Brokerage + Transaction Charge) | 18% on (Brokerage + Transaction Charge + SEBI Fee) |
| Call Back Open Account |
FundsIndia Vs ICICI Direct - SEBI Charges
| FundsIndia | ICICI Direct | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/Crore | ₹10/Crore |
| Call Back Open Account |
FundsIndia Vs ICICI Direct - Features
| FundsIndia | ICICI Direct | |
|---|---|---|
| Online Portfolio |
|
|
| Algo Trading |
|
|
| Margin Trading Facility |
|
|
| Call & Trade Facility |
|
|
| Referral Program |
|
|
| Collateral Margin |
|
|
| Online Demo |
|
|
| 3 in 1 Account |
|
|
| Charting |
|
|
| Intraday Square-off Time | 5-Day Margin trading can be done between 9:15 AM – 3:30 PM. However, you should square off the open position by 2:30 PM* on T+5 days. | Equity & F&O:- 3:20pm | Currency: 4:30PM | Commodities: 11:20 PM |
| Trading Platform | 1.FundsIndia Web 2.FundsIndia: Mutual Funds & SIP App | 1. ICICI Direct.com (Website). 2. Trade Racer (Trading Terminal). 3. ICICI Direct Mobile App. |
| SMS Alerts for Trades |
|
|
| Direct Mutual Fund |
|
|
| Call Back Open Account | Call Back Open Account |