What are the Brokerage Charges of ICICI Direct?
When it comes to investing in the stock market, understanding the associated charges is crucial. One prominent player in the brokerage industry is ICICI Direct. This article aims to break down the various brokerage charges associated with different types of transactions on the ICICI Direct platform.
Brokerage Charges Overview
ICICI Direct offers a range of services, including Equity Delivery, Margin Trading, Margin Plus, Futures, Future Plus, Future Plus Stop Loss, Options, and Options Plus. Each of these services comes with its own set of brokerage charges.
Here is a detailed breakdown of the brokerage charges for different services:
| 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 / Assignments with zero AMC charges. |
Interpreting the Charges
Brokerage: This is the fee charged by the broker for facilitating the trade. It varies based on the type of transaction.
Other leg of Intraday square off: This pertains to the cost of squaring off the second leg of an intraday trade.
Call and Trade: ICICI Direct offers the first 20 calls per month for free. Subsequent calls may incur additional charges.
GST (Goods and Services Tax): A standard government tax applicable to the total value of brokerage.
Securities Transaction Tax (STT): A tax levied on the turnover of the trade.
Transaction Charges: Fees associated with the transaction itself, including those imposed by stock exchanges.
SEBI Charges: Levied by the Securities and Exchange Board of India for regulating the securities market.
Understanding these charges is essential for making informed investment decisions. Investors should consider these costs in relation to their investment strategy and trading frequency.
In conclusion, comprehending the brokerage charges of ICICI Direct is vital for anyone looking to engage in stock market transactions through their platform. This knowledge empowers investors to plan their trades effectively and make informed financial decisions.