FAQS

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Q 1.What are Clear Value Deals?

ICICIdirect has launched Clear Value Deals for resident Indian Customers. The Clear Value Deal gives three options for you to choose from, based on your trading requirements. The plan offers fixed free turnover along with research solutions from ICICIdirect.com ,which will help you in making sound investment decisions. This plan will be effective from the first day of the quarter.

Q 2. What are the different Clear Value Deals available?

Clear Value Deals
Cash And BTST Segment
Clear Value Deals	299	599	999
Fee payable per month	Rs 299	Rs 599	Rs 999
Maximum quarterly free turn over (CASH & BTST)	Rs 1,50,000	Rs 3,00,000	Rs 6,00,000
Research Solutions For Trading Needs
Wealth Insight – Monthly Personal Finance magazine	Y	Y	Y
Company Research reports (Email)**	Y	Y	Y
Monthly Technical calls (Email)	Y	Y	Y
Service Tax (ST), Security Transaction Tax (STT), Transaction Charges and Stamp Duty will be charged additional to the above the actual brokerage. **Subject to suitable investment avenues.

Q 3.What products can I trade in through a Clear Value Deal?

The Clear Value Deal is only limited to trading in Cash and BTST (Buy Today & Sell Tomorrow) products. For Margin / MarginPlus, Spot, derivatives and commodities Variable Brokerage Plan will apply.

Q 4.When can I select the Clear Value Deal?

Default plan for all existing customers and new customers is the Variable brokerage Plan.

You can select the Clear Value Deal for a calendar quarter any time when the plan is open for subscribing, generally the period for subscription is opened 15 days prior to the quarter start date and closes 15 days prior to the quarter close date E.g. For the last quarter (January-March) of the year, the plan subscription date will open from December 15, 2006 till March 15, 2006.

If no plan is chosen, by you, during this period, then the plan applicable for the last quarter will be applicable for the current quarter. However, the selection of Clear Value Deal is also subject to the rules applicable to the switching of plans as described in Q6 below

In case you are a new customer you can upgrade to any of the Clear Value Deal before you place your first order.

Q 5. How do I select my Clear Value Deal?

Q 6.Can I switch from one deal to another?

Lets take an example:

For the quarter Jan to Mar, 2007

Between December 16, 2006. to the January 10, 2007 you can choose any of the Clear Value Deals.
From January 10, 2007 till the first order is placed you can only upgrade to a higher deal i.e. 299 to 599/999
After you have placed the first trade you will not be allowed to switch between deals *.

The pecking order of the various plans is as under.

A) Variable Plan

B) 299 Clear Value Deal

C) 599 Clear Value Deal

D) 999 Clear Value Deal

Lets take another example, say last quarter (Oct-Dec) you were under 299 plan.

For the quarter Jan-Mar no plan was selected between December 16, 2007 and January 10, 2007, the plan as applicable for the last quarter will be deemed to be the selection made for the current quarter, in this case 299 plan.

Now, after January 10, 2007 if you want to switch plans only up-gradation will be allowed till the date first order is executed.

*However, please note that ICICIdirect at its own discretion may fix a date by which customers will be able to upgrade their
plans in spite of having put first trade in the quarter. E.g. in the above case if ICICIdirect decides to keep January 20, 2007
as the date, then the customers will have an opportunity to upgrade the plans as per pecking order described above even
if they have put their first trade in this quarter.

Q 7. Is there a charge payable for switching between Plans?

No charges are payable for switching between plans.

Q8. How is the fee computed and is there a restriction on maximum trade value if I select a Clear Value Deal?

No, there there is no restriction on the trading that you can do. However the free brokerage would be limited to the maximum turnover indicated in the slab. Thereafter for the additional turnover, variable brokerage plan will be applicable.

Say you have selected Clear Value Deal 299

Maximum Quarterly free turnover as per the deal= Rs 1,50,000

Actual turnover during the colander quarter= Rs 2,00,000

Fixed fee for the quarter=Rs 299*3months= Rs 897

Incremental Rs. 50,000 @ 0.75%= Rs 375

Total fee charged= Rs 1272.

Q 9. When would the money for Clear Value Plan be debited to my account ?

Variable Brokerage rate of 0.75% will be charged after every transaction. The difference between the brokerage charged and fee as per the clear value deal will be computed and settled at the end of each calendar quarter. The credit/debit as is applicable will be done within 10 days after the end of calendar quarter.

E . g.

As in the example in the above question, the brokerage charged upfront will be 2,00,000 @ 0.75 = Rs 1500

Actual brokerage to be charged: Rs 1272

Advance Brokerage refunded at the end of the quarter = 1500-1272 = Rs 228

The Service Tax charged on the excess amount will also be refunded.

Q 10.If I select Clear Value Deal, do I need to pay anything extra other than the flat fees indicated?

The Clear Value Deal includes the brokerage and Demat transaction costs for a turnover limit indicated. Service Tax and Security transaction taxes will be charged additionally. The service tax at current rates is 12.36%. The flat fee will be payable for a full calendar quarter irrespective of the months traded. Effectively for a quarter the fees in clear value deal-299 is 299*3= 897.

Q 11.If my turnover in cash segment exceeds the max turnover in the slab, would I be eligible to cash incentive as are applicable in Variable Brokerage Plan?

Yes, the turnover done above the max turnover in the slab will be considered for cash incentive as per the Variable Brokerage Plan.

Q 12. If I do not utilize the max turnover as per the Clear Value Deal, will I be eligible for refund of the charges?

The fees committed for the Plan are neither refundable and nor adjustable against any future period. Also the content benefits will accrue to you even if no trading is done.

Q 13. What is Wealth Insight?

Wealth Insight is a monthly personal finance magazine, which gives you a comprehensive analysis of Equities, Mutual Funds, Insurance etc. replete with insights from leading experts.

Q 14. What are Company Research reports?

Our research is a combination of Fundamental and Technical Research. A company is recommended only if satisfies the strict internal benchmarks of value and growth. This addresses both safety and profit maximization. The report includes projected earnings, growth and stock price target for a 12-24 month period.

Q15. What are Monthly Technical Calls?

Technical recommendations of three stocks along with the entry and exit price with an investment outlook for one month.

Q 16. What is the frequency of receipt of the content offering?

Currently the frequency of the content offerings is as under

Wealth Insight- Monthly (Within 10 days of the beginning of calendar quarter or 10 days of making Plan selection, whichever is later)

Company Research Reports- As and when such research reports are released by ICICIdirect. It will be ensured that within a calendar quarter, the eligible number of research reports is released.

To read more about Bank Fee and Demat Fee Schedule, click here...