The Account opening fees for the Investment account is Rs.500/-.
With effect from August 01, 2009, following would be the Fees structure for investments in Mutual Funds Units through www.icicidirect.com :
If the cumulative holdings you have with us is less than Rs.8 lakhs
| Mutual Funds - Fee Structure |
Rs.per transaction |
| For SIPs |
30/- or 1.5% whichever is lower |
| For Lumpsum investments |
100/- |
If the cumulative MF investment you have with us is Rs. 8 lakhs or more
| Mutual Funds - Fee Structure |
Rs.per transaction |
| For SIPs |
NIL |
| For Lumpsum investments |
NIL |
Notes:
1.The new fee structure applies to purchases made in Mutual Fund schemes (excluding those in Liquid fund schemes), on or after August 1, 2009.
2.Any purchase in Liquid funds will not be levied transaction fees, irrespective of the value of your MF unit holdings.
3.The "cumulative value" will be taken as per Value at NAV of your entire MF holdings, at the time of order placement, as seen on your MF Unit Holdings page. Transaction charges will be applied as per the new fee structure, accordingly.
4.Investments made under SIPs registered prior to August 01, 09, will not be charged the revised fees as mentioned above. However, such investments will continue to attract entry load and other charges as specified in the offer document.
