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ICICIdirect - I-Saver Plan Review

Published on Tuesday, November 27, 2018 by Admin

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This plan offers brokerage based on the trading volume i.e. high brokerage for low volume and low brokerage for high volume trades. This plan suitable for traders / investors who trade in high volumes and can benefit from low brokerage.

I-Saver Plan- Brokerage in Cash (Equity Segment)

The I-Saver from ICICIdirect is a fixed percentage brokerage plan wherein slab-wise brokerage is charged based on transaction volume/turnover. The brokerage charged is in the range of 0.25% to 0.75% for delivery transactions whereas for intraday square off (buy and sell on the same day), traders will be charged in the range of 0.125% to 0.375%.

Here are the slab-wise brokerage rates for equity trading-

Brokerage In Cash

Total Eligible Turnover (Per Quarter)

Brokerage (%)

Second Leg Of Intraday Trades

Intraday Brokerage (%)

More than ₹5 Crores

0.25

Nil

0.125

₹ 2 Crores to 5 Crores

0.30

Nil

0.150

₹ 1 Crores to 2 Crores

0.35

Nil

0.175

₹ 50 Lakhs to 1 Crore

0.45

Nil

0.225

₹ 25 Lakhs to 50 Lakhs

0.55

Nil

0.275

Less than ₹ 25 Lakhs

0.75

Nil

0.375

The brokerage rates are applicable for trade value exceeding ₹ 4667. The brokerage for trade value up to ₹ 4667 on stocks quoting more than ₹10 is ₹ 35 per trade or 2.5% (whichever is the lower) while brokerage on stocks quoting up to ₹ 10 would be levied at ₹ 0.05 per share or ₹ 35 (whichever is the higher).

I-Saver Plan- Segment wise Brokerage

1. Brokerage in Margin and Margin Plus

2. Brokerage in Future, Future Plus and Future Plus Stop Loss

3. Brokerage in Options and Options Plus

4. Brokerage in Currency Futures and Options

I-Secure Plan - Brokerage in Margin and Margin Plus

I-Saver Plan- Brokerage in Margin and Margin Plus

ICICIdirect offers margin products "Margin" and "Margin Plus" to intraday customers who want to benefit from the upward/downward movement of a stock in a day.  Such traders can get a leverage up to 5 times the allocated trading amount.

What is Margin Product?

In a Margin Product, traders take buy/sell positions with the intention to square off or exit the positions by the end of the day. In such trades, a trader doesn"t have to pay the entire trade value but only the margin amount. The margin percentage differs for each stock and is predetermined. 

What is Margin Plus?

MarginPLUS from ICICIdirect is an order type for margin trading wherein you have to limit your loss on every order by placing a cover order specifying the SLTP (stop loss trigger price)  and a limit price. You can also protect your profits by placing a cover profit order at a limit price. 

Here are the slab-wise brokerage rates for margin trading-

Brokerage in Margin and Margin Plus

Total Turnover per month

Brokerage (%)

More than ₹ 20 Crores

0.030

₹10 Crores to 20 Crores

0.035

₹5 Crores to 10 Crores

0.040

Less than ₹5 Crores

0.050

The above-mentioned brokerage rate under I-saver plan is for trade value in excess of Rs 50,000. For trades below Rs 50,000, you will be charged Rs 25 or 2.5% of the trade value, whichever is lower.

I-Saver Plan- Brokerage in Future, Future Plus and Future Plus Stop Loss 

ICICIdirect offers trading services in stock and index Futures. There are 3 products; Future; Future Plus and Future Plus Stop Loss for trading in Futures segments. 

What is Future? 

"Future" is a product for normal traders who want to take buy/sell positions in futures contracts for more than a day or till expiry. 

What is Future Plus? 

'FuturePLUS' is a product wherein you can take buy/sell positions in future contracts with the intention to square off or exit the position on the same day. 

What is Future Plus Stop Loss? 

'Future Plus Stop Loss' is a product for intraday trading in Futures wherein it is mandatory to place a Stop Loss order.

The I-saver brokerage rates for Future and Future Plus are- 

I - Saver Plan

Brokerage in Future and Future Plus

For Equity Futures

Equity Future and Future Plus

Total Turnover per month

Brokerage (%)

Intraday Brokerage (per lot)

Above ₹ 20 Crores

0.030

₹50

₹10 Crores to 20 Crores

0.035

₹50

₹5 Crores to 10 Crores

0.040

₹50

Less than ₹5 Crores

0.050

₹50

I-Saver Plan- Brokerage in Options and Options Plus

For Options traders, ICICIdirect offers "Options" and "Options Plus" products. The brokerage rates are different for each of the products. 

What is Options? 

"Options" from ICICIdirect is designed for traders who take positions in Option contracts for more than a day or till expiry. 

What is "Options Plus"? 

"Options Plus" is meant for traders who take positions in Option contracts for a single day.

Brokerage in Options and Option Plus

Total Lots per month

Flat brokerage per contract lot (₹)

Intraday Brokerage (Rs per lot)

Above 4800

35

₹50

2401-4800

45

₹50

1201-2400

55

₹50

601-1200

65

₹50

301-600

75

₹50

51-300

85

₹50

1-50

95

₹50

Brokerage in Options and Option Plus under Options 195 Plan

ICICIdirect offers an Options 195 plan for active intraday Options traders who trade regularly and in high volumes. They are charged a flat brokerage of Rs 195 for any number of Lots from 2 to 10 in a single order. Above 10 Lots in a single order, the trader is charged Rs 15 per lot for every additional lot. This is done to help traders achieve break-even in a trade quickly. 

The brokerage rate for traders availing Options 195 Plan under the I-saver plan are-

Effective Brokerage with Options 195 brokerage is as below

No of Lots in a single order

Brokerage applicable

1

95

5

195

10

195

50

795

100

1545

Brokerage in Future Plus Stop Loss and Option Plus under I- Gain Plan

ICICIdirect offers an I-Gain plan for active FandO traders wherein for Intra-day trades,

the brokerage is charged only when you make a profit from the trade. If there’s loss or a break-even situation then you are not charged any brokerage.

The I-saver brokerage rates for I-Gain customers are-

Pricing

Rates on Profit (%)

Rates on Loss (%)

FuturePLUS Stop Loss I-Gain Plan

0.0500

0.0

OptionPLUS I-Gain Plan

95.00

0.00

I-Saver Plan in Brokerage in Currency Futures and Options 

For traders who wish to trade in Currency F&O, the I-saver brokerage rates are as follows-

For Currency Futures

Total Turnover per month

Brokerage (%)

Intraday Brokerage (per lot)

More than ₹ 20 Crores

0.030

₹10

₹10 Crores to 20 Crores

0.035

₹10

₹5 Crores to 10 Crores

0.040

₹10

Less than ₹5 Crores

0.050

₹10

Brokerage in Currency Options

Total Lots per month

Flat brokerage per contract lot (₹)

Intraday Brokerage (per lot)

More than 1500

10

10

601 - 1500

15

10

301 - 600

20

10

0 - 300

25

10

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