 |
 |
 |
 |
 |
|
|
New Fee
Structure with effect from August 1, 2009 |
|
|
Scenario 1: |
|
If the cumulative
MF holdings you have with us is Rs. 8 lakhs or more, you
actually pay NOTHING. |
| |
|
Mutual Funds - Fee Structure |
Rs.
per
transaction |
|
For SIPs
|
Nil |
|
For Lumpsum
investments |
Nil |
|
|
|
|
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.
The new fee structure applies to all Mutual Fund purchases
(excluding those in Liquid fund schemes), started on or after
August 1, 2009. Accordingly, any purchase in Liquid funds will not
be levied transaction fees, irrespective of the value of your MF
unit holdings.
Investments made under SIPs registered prior to August 01, 2009,
will not be charged the revised fees. However, such investments
will continue to attract entry load and other charges as specified
in the offer document. |
|
If you have any MF holdings which have not been done through us, you
can transfer them to ICICIdirect.com without any extra charge, so that
you can enjoy these benefits on the cumulative unit holdings. (Click
here to know more about the Transfer In process) |
|
To illustrate this with the help of some examples: |
|
On Investing... |
Entry Load
|
Transaction Fee
|
Net
Savings
|
|
|
Old
Structure* (Rs.) |
New
Structure (Rs.) |
New
Structure (Rs.) |
|
Rs.
75,000/- as a monthly SIP for 12 months |
20,250/- |
Nil |
20,250/- |
|
Rs. 8,00,000/-
as a lumpsum in Mutual Fund |
18,000/- |
Nil |
18,000/- |
|
*Old structure charges have
been calculated @2.25% Entry Load as an illustration |
|
|
|
|
|
|
Scenario 2: |
|
If the
cumulative MF holdings you have with us is less than Rs. 8 lakhs,
you only pay nominal charges on each transaction. |
| |
|
Mutual Funds - Fee Structure |
Rs.
per
transaction |
|
For SIPs
|
Rs. 30/- or
1.5% whichever is lower |
|
For Lumpsum
investments |
Rs. 100/- |
|
|
| |
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.
The new fee structure applies to all Mutual Fund purchases
(excluding those in Liquid fund schemes), started on or after
August 1, 2009. Accordingly, any purchase in Liquid funds will
not be levied transaction fees, irrespective of the value of
your MF unit holdings.
Investments made under SIPs registered prior to August 01,
2009, will not be charged the revised fees. However, such
investments will continue to attract entry load and other
charges as specified in the offer document. |
|
| |
To illustrate
this better: |
|
|
|
On Investing... |
Entry Load
|
Transaction Fee
|
Net
Savings |
|
|
Old
Structure* (Rs.) |
New
Structure** (Rs.) |
New
Structure (%) |
|
Rs. 500/-
as a monthly SIP for 12 months |
135/- |
90/- |
33% |
|
Rs. 1,000/-
as a monthly SIP for 12 months Mutual Fund |
270/- |
180/- |
33% |
|
* |
Old structure charges have
been calculated @2.25% Entry Load as an illustration;
|
| |
Service Tax will be levied as applicable. |
|
** |
Transaction Fees have been calculated @1.5% for SIP as
they are lower than Rs. 30 in |
| |
these cases. |
|
|
On Investing... |
Entry Load
|
Transaction Fee
|
Net
Savings |
|
|
Old
Structure* (Rs.) |
New
Structure** (Rs.) |
New
Structure (Rs.) |
|
Rs. 10,000/-
as a monthly SIPs for 12 months |
2,700/- |
360/- |
2,340/- |
|
Rs.
1,00,000/-
as a
lumpsum in Mutual Fund |
2,250/- |
100/- |
2,150/- |
|
* |
Old structure charges have
been calculated @2.25% Entry Load as an illustration;
|
| |
Service Tax will be levied
as applicable. |
|
** |
Transaction Fees have been
calculated @ Rs.30/- for SIP as that is lower
than 1.5% in |
| |
this case. |
|
|
|
|
|
|
 |
 |
 |
 |
|