ICICI Direct Vs FundsIndia
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
FundsIndia's overall views, updates & reviews. All about Services, Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account & more
ICICI Direct Vs FundsIndia - Broker Details
| ICICI Direct | FundsIndia | |
|---|---|---|
| Single Margin Facility |
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| Year of Incorporation | 1995 | 2009 |
| Exchanges | BSE and NSE. | Sebi |
| Branches | 250+ | Zero |
| Brokerage | Prime Plan: ₹900/- | 1)Transaction < 8,000 Brokerage - ₹25 Flat 2) Transaction > 8,000 Brokerage – 30 bps ( 30 paise for every ₹100) amount ₹150 |
| Broker Type | Full service Broker | Full Service Broker |
| Call Back Open Account | Call Back Open Account |
ICICI Direct Vs FundsIndia - Account Opening & AMC Charges
| ICICI Direct | FundsIndia | |
|---|---|---|
| Trading Account Opening Charge | ₹0 (Free) | ₹0 (Free) |
| Demat Account Opening Charge | ₹0 (Free) | ₹0 (Free) |
| Demat Account AMC | ₹700 (From 2nd Year) | ₹300 for Neo Customers | ₹200 /-(Service Tax) 2nd Year onwards |
| Trading Account AMC | ₹0 (Free) | N/A |
| Call Back Open Account | Call Back Open Account |
ICICI Direct Vs FundsIndia - Brokerage charges & Plans
| ICICI Direct | FundsIndia | |
|---|---|---|
| Commodity Futures | ₹20/ Order | N/A |
| Currency Futures | ₹20/ Order | N/A |
| Equity Delivery | ₹0.09% | 0.01% |
| Equity Options | ₹20/ Order | 1)Transaction < 8,000 Brokerage - ₹25 Flat 2) Transaction > 8,000 Brokerage – 30 bps ( 30 paise for every ₹100) amount ₹150 |
| Commodity Options | ₹20/ Order | N/A |
| Equity Futures | ₹20/ Order | 1)Transaction < 8,000 Brokerage - ₹25 Flat 2) Transaction > 8,000 Brokerage – 30 bps ( 30 paise for every ₹100) amount ₹150 |
| Currency Options | ₹20/ Order | N/A |
| Fixed Charges | ₹20/ Order | 1)Transaction < 8,000 Brokerage - ₹25 Flat 2) Transaction > 8,000 Brokerage – 30 bps ( 30 paise for every ₹100) amount ₹150 |
| Equity Intraday | ₹20/ Order | 1)Transaction < 8,000 Brokerage - ₹25 Flat 2) Transaction > 8,000 Brokerage – 30 bps ( 30 paise for every ₹100) amount ₹150 |
| Call Back Open Account | Call Back Open Account |
ICICI Direct Vs FundsIndia - Other Charges
| ICICI Direct | FundsIndia | |
|---|---|---|
| RMS Square Off Charge | ₹50/ Order | N/A |
| API Charges | ₹0 (Free) | N/A |
| Call & Trade Charges | ₹50/ Order | N/A |
| Other Brokerage Charges | Prime Plan: ₹900/- | 1)Transaction < 8,000 Brokerage - ₹25 Flat 2) Transaction > 8,000 Brokerage – 30 bps ( 30 paise for every ₹100) amount ₹150 |
| Minimum Brokerage | ₹20/ Order | 1)Transaction < 8,000 Brokerage - ₹25 Flat 2) Transaction > 8,000 Brokerage – 30 bps ( 30 paise for every ₹100) amount ₹150 |
| Call Back Open Account | Call Back Open Account |
ICICI Direct Vs FundsIndia - Transaction Charges
| ICICI Direct | FundsIndia | |
|---|---|---|
| Currency Options | Exchange turnover charge: 0.04% |Clearing charge: 0.025% | N/A |
| Equity Futures | NSE: 0.002% | 0.0035% on turnover |
| Equity Intraday | NSE: 0.00345% | BSE: 0.00345% | 0.0035% on turnover |
| Equity Options | NSE: 0.053% | 0.0035% on turnover |
| Commodity | Non-Agri: Exchange turnover charge: 0.0026% | N/A |
| Currency Futures | Exchange turnover charge: 0.0009% | Clearing charge: 0.0004% | N/A |
| Equity Delivery | 0.00345% trade on buy & sell | 0.1% on the transaction amount |
| Call Back Open Account | Call Back Open Account |
ICICI Direct Vs FundsIndia - Margin (Exposure)
| ICICI Direct | FundsIndia | |
|---|---|---|
| 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 | 1x (100% of NRML margin (Span + Exposure) | N/A |
| Commodity Options | 1x (100% of NRML margin (Span + Exposure) | N/A |
| Commodity Futures | 1x (100% of NRML margin (Span + Exposure) | N/A |
| Equity Delivery | 1x (100% of trade value) | 1x (100% of trade value) |
| Currency Futures | 1x (100% of NRML margin (Span + Exposure) | N/A |
| Equity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Call Back Open Account | Call Back Open Account |
ICICI Direct Vs FundsIndia - Features
| ICICI Direct | FundsIndia | |
|---|---|---|
| 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 | Equity & F&O:- 3:20pm | Currency: 4:30PM | Commodities: 11:20 PM | 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. |
| Trading Platform | 1. ICICI Direct.com (Website). 2. Trade Racer (Trading Terminal). 3. ICICI Direct Mobile App. | 1.FundsIndia Web 2.FundsIndia: Mutual Funds & SIP App |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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| Call Back Open Account | Call Back Open Account |
ICICI Direct Vs FundsIndia - Review & Rating
| ICICI Direct | FundsIndia | |
|---|---|---|
| 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 |
ICICI Direct Vs FundsIndia - Request a call back from Broker
| ICICI Direct | FundsIndia | |
|---|---|---|
| Call Back Open Account | Call Back Open Account |
ICICI Direct Vs FundsIndia - Investment Options
| ICICI Direct | FundsIndia | |
|---|---|---|
| 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 |
ICICI Direct Vs FundsIndia - Order Type
| ICICI Direct | FundsIndia | |
|---|---|---|
| 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 |
ICICI Direct Vs FundsIndia - Research & Report
| ICICI Direct | FundsIndia | |
|---|---|---|
| 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 |
ICICI Direct Vs FundsIndia - Daily Market Report
| ICICI Direct | FundsIndia | |
|---|---|---|
| Daily Market Reports & News |
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| Call Back Open Account | Call Back Open Account |
ICICI Direct Vs FundsIndia - Suitable For Investor
| ICICI Direct | FundsIndia | |
|---|---|---|
| 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 |
ICICI Direct Vs FundsIndia - Pros & Cons
| ICICI Direct | FundsIndia | |
|---|---|---|
| Pros | 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. | 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. |
| Cons | 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. | 1.No support in the currency or commodity markets. 2.Low exposure values are available. 3.Customer service response can improve. |
| Call Back Open Account | Call Back Open Account |
ICICI Direct Vs FundsIndia - Background
| ICICI Direct | FundsIndia | |
|---|---|---|
| Call Back Open Account | Call Back Open Account |
ICICI Direct Vs FundsIndia - Compare All Brokers
| ICICI Direct | FundsIndia | |
|---|---|---|
| Call Back Open Account | Call Back Open Account |
ICICI Direct Vs FundsIndia - STT/CTT
| ICICI Direct | FundsIndia | |
|---|---|---|
| Commodity Futures | 0.01% on sell side (Non-Agri) | N/A |
| Currency Futures | No STT | N/A |
| Equity Intraday | NSE: 0.00345% trade on buy & sell | BSE: charges vary as per the scrip group | 0.025% on the Sell Side |
| Equity Options | 0.05% on Sell Side(on Premium) | 0.05% on Sell Side(on Premium) |
| Currency Options | No STT | N/A |
| Equity Delivery | 0.1% on both Buy and Sell | 0.1% on buy & sell |
| Equity Futures | 0.01% on Sell Side | 0.01% on Sell Side |
| Commodity Options | 0.05% on sell side | N/A |
| Call Back Open Account | Call Back Open Account |
ICICI Direct Vs FundsIndia - Demat transaction charges
| ICICI Direct | FundsIndia | |
|---|---|---|
| Equity Demat Transaction Charges | Sell - 0.04% of the value of securities (Minimum ₹30 and maximum ₹25,000) | ₹15 + Gst per scrip only on sell |
| Call Back Open Account | Call Back Open Account |
ICICI Direct Vs FundsIndia - GST
| ICICI Direct | FundsIndia | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% on (Brokerage + Transaction Charge + SEBI Fee) | 18% on (Brokerage + Transaction Charge) |
| Call Back Open Account | Call Back Open Account |
ICICI Direct Vs FundsIndia - SEBI Charges
| ICICI Direct | FundsIndia | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/Crore | ₹10/Crore |
| Call Back Open Account | Call Back Open Account |
ICICI Direct Vs FundsIndia - Account Opening & AMC Charges
ICICI Direct
FundsIndia
Trading Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account AMC
₹700 (From 2nd Year) | ₹300 for Neo Customers
₹200 /-(Service Tax) 2nd Year onwards
Trading Account AMC
₹0 (Free)
N/A
ICICI Direct Vs FundsIndia
| ICICI Direct | FundsIndia | |
|---|---|---|
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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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 .. |
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FundsIndia
FundsIndia's overall views, updates & reviews. All about Services, Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account & more
ICICI Direct Vs FundsIndia - Brokerage charges & Plans
| ICICI Direct | FundsIndia | |
|---|---|---|
| Commodity Futures | ₹20/ Order | N/A |
| Currency Futures | ₹20/ Order | N/A |
| Equity Delivery | ₹0.09% | 0.01% |
| Equity Options | ₹20/ Order | 1)Transaction < 8,000 Brokerage - ₹25 Flat 2) Transaction > 8,000 Brokerage – 30 bps ( 30 paise for every ₹100) amount ₹150 |
| Commodity Options | ₹20/ Order | N/A |
| Equity Futures | ₹20/ Order | 1)Transaction < 8,000 Brokerage - ₹25 Flat 2) Transaction > 8,000 Brokerage – 30 bps ( 30 paise for every ₹100) amount ₹150 |
| Currency Options | ₹20/ Order | N/A |
| Fixed Charges | ₹20/ Order | 1)Transaction < 8,000 Brokerage - ₹25 Flat 2) Transaction > 8,000 Brokerage – 30 bps ( 30 paise for every ₹100) amount ₹150 |
| Equity Intraday | ₹20/ Order | 1)Transaction < 8,000 Brokerage - ₹25 Flat 2) Transaction > 8,000 Brokerage – 30 bps ( 30 paise for every ₹100) amount ₹150 |
| Call Back Open Account | Call Back Open Account |
ICICI Direct Vs FundsIndia - Margin (Exposure)
| ICICI Direct | FundsIndia | |
|---|---|---|
| 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 | 1x (100% of NRML margin (Span + Exposure) | N/A |
| Commodity Options | 1x (100% of NRML margin (Span + Exposure) | N/A |
| Commodity Futures | 1x (100% of NRML margin (Span + Exposure) | N/A |
| Equity Delivery | 1x (100% of trade value) | 1x (100% of trade value) |
| Currency Futures | 1x (100% of NRML margin (Span + Exposure) | N/A |
| Equity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x (100% of NRML margin (Span + Exposure) |
| Call Back Open Account | Call Back Open Account |
ICICI Direct Vs FundsIndia - Other Charges
| ICICI Direct | FundsIndia | |
|---|---|---|
| RMS Square Off Charge | ₹50/ Order | N/A |
| API Charges | ₹0 (Free) | N/A |
| Call & Trade Charges | ₹50/ Order | N/A |
| Other Brokerage Charges | Prime Plan: ₹900/- | 1)Transaction < 8,000 Brokerage - ₹25 Flat 2) Transaction > 8,000 Brokerage – 30 bps ( 30 paise for every ₹100) amount ₹150 |
| Minimum Brokerage | ₹20/ Order | 1)Transaction < 8,000 Brokerage - ₹25 Flat 2) Transaction > 8,000 Brokerage – 30 bps ( 30 paise for every ₹100) amount ₹150 |
| Call Back Open Account |
ICICI Direct Vs FundsIndia - STT/CTT
| ICICI Direct | FundsIndia | |
|---|---|---|
| Commodity Futures | 0.01% on sell side (Non-Agri) | N/A |
| Currency Futures | No STT | N/A |
| Equity Intraday | NSE: 0.00345% trade on buy & sell | BSE: charges vary as per the scrip group | 0.025% on the Sell Side |
| Equity Options | 0.05% on Sell Side(on Premium) | 0.05% on Sell Side(on Premium) |
| Currency Options | No STT | N/A |
| Equity Delivery | 0.1% on both Buy and Sell | 0.1% on buy & sell |
| Equity Futures | 0.01% on Sell Side | 0.01% on Sell Side |
| Commodity Options | 0.05% on sell side | N/A |
| Call Back Open Account |
ICICI Direct Vs FundsIndia - Demat transaction charges
| ICICI Direct | FundsIndia | |
|---|---|---|
| Equity Demat Transaction Charges | Sell - 0.04% of the value of securities (Minimum ₹30 and maximum ₹25,000) | ₹15 + Gst per scrip only on sell |
| Call Back Open Account |
ICICI Direct Vs FundsIndia - GST
| ICICI Direct | FundsIndia | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% on (Brokerage + Transaction Charge + SEBI Fee) | 18% on (Brokerage + Transaction Charge) |
| Call Back Open Account |
ICICI Direct Vs FundsIndia - SEBI Charges
| ICICI Direct | FundsIndia | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/Crore | ₹10/Crore |
| Call Back Open Account |
ICICI Direct Vs FundsIndia - Features
| ICICI Direct | FundsIndia | |
|---|---|---|
| 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 | Equity & F&O:- 3:20pm | Currency: 4:30PM | Commodities: 11:20 PM | 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. |
| Trading Platform | 1. ICICI Direct.com (Website). 2. Trade Racer (Trading Terminal). 3. ICICI Direct Mobile App. | 1.FundsIndia Web 2.FundsIndia: Mutual Funds & SIP App |
| SMS Alerts for Trades |
|
|
| Direct Mutual Fund |
|
|
| Call Back Open Account | Call Back Open Account |