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WHATS NEW ON ICICIdirect.com:-


Experience hassle free trading on ICICIdirect.com with our new product launches: -

INVEST IN 14 MUTUAL FUNDS ON ICICIdirect.com

ICICIdirect.com has launched DSP MERRILL LYNCH Mutual Fund on its integrated Mutual Fund Plaza to enable online investment in Mutual Funds. This is the 14th Mutual Fund to be launched on ICICIdirect afterPrudential ICICI MF, Franklin Templeton India MF, Alliance Capital MF, JM MF, Birla Sun Life MF, Sundaram MF, IL&FS MF, Principal MF, HDFC MF, Standard Chartered MF, Reliance Capital MF, Kotak Mahindra MF and TATA MF.

Customers of ICICIdirect will not have to worry about filling up application forms, drawing cheques /making demand drafts, depositing warrants as all the financial transactions are completely automatic at the touch of a button.

The MF Plaza would enable customers of ICICIdirect to transact online through user friendly transactions including Purchases, Redemptions, Switches, Transfer-in and Systematic Investment Plans (SIP) and Systematic Withdrawal Plan (SWP).

MarginPLUS - New product on ICICIdirect.com

MarginPLUS offers an order placement feature through which you can take a intra-day position in the equity segment and at the same time, place a cover order for this position specifying the Stop Loss Trigger Price and the limit price. This cover order will help you to limit the loss, if any, on the position.

How does MarginPlus work?

At the time of taking a position in MarginPlus, you would also be required to specify a Stop Loss Order, and hence limiting your loss to that extent. Since the risk is now limited to the difference between your Buy/Sell rate and the Limit price, margin will be primarily based on this difference.

Features

  • MarginPlus is available for intra day trading in more than 60 stocks on ICICIdirect.com
  • Margin requirement could be as low as 4%
  • Provides exposure up to extent of 25 times* on your limits in the equity segment
  • Helps to limit your loss through a Stop Loss Order
  • Open MarginPlus positions can be closed any time before the End of Settlement timings as specified by ICICIdirect.com
  • Auto square off process to help you close your open positions at the End of the Day.

How to place a MarginPlus order?

  • Allocate the funds for trading in Equity segment.
  • Select the link "MarginPlus order" on the trading page.
  • Select the Buy/Sell option and the Stock for trading. (orders can be placed only during market hours)
  • The first Buy/Sell order can only be a market order.
  • At the time of placing this order, also select a cover Stop loss trigger order.

E.g. You Buy 100 shares of INFTEC at 3400, anticipating that the price would rise. At the same time, you will be required to place a cover stop loss order. Say you decide your stop loss price at 3330. You will then be required to state the limit price at say 5% lower level i.e. Sell 100 INFTEC at 3230 limit price and 3330 Stop Loss Trigger Price.

Margin blocked on this transaction will be 3400 - 3230 = Rs 170/-. Hence if your view goes wrong and the price of INFTEC moves down, your Stop Loss order will be triggered at 3330 and will get executed at the best available price between 3330 and 3230.

If your position is favorable, and INFTEC moves up to 3500, you can modify the Stop Loss order to a market order and close your position.

How are you benefited ?

  • You get a exposure of as much as 25 times your limits
  • Your maximum loss is limited since you also place a Stop Loss Order.

For more details on MarginPlus refer to the FAQs on ICICIdirect.com, write to us at helpdesk@icicidirect.com or call the nearest Call Center.

*Margins are subject to revision from time to time by ICICI Securities Ltd. Details of updated margin % will be available in the stock list on the trading page. Please refer to MarginPlus terms and conditions and risks associated with Margin Trading on ICICIdirect.com

VIEW YOUR DIGITAL CONTRACT NOTES INSTANTLY

SEBI has permitted issuance of digitally signed contract notes and with the appointment of Certifying Authorities, Digitally Signed Contract Notes are now acceptable as legally valid documents.

ICICIdirect.com has received the approval to issue legally valid digital contract notes. This will help ICICIdirect.com customers to get online access to their contract notes. The contract notes would be made available to the customers on the same trading day after the end of the market. The contract notes can also be saved or printed for future reference. With the launch of the Digital Contract Notes, the practice of despatching physical contract notes would be discontinued.

Procedure to view digitally signed contract notes:

1. You would have to login, and go to the customer service section of the site. Then click on "Bills & Accounts".

2. Click on the topmost link "View Contract Notes".

3. Select the period of trading for which you wish to view the contract notes and click on the GO Button.

4. A page appears with the list of contract notes generated for trades done by you for the chosen period. Choose the contract note that you wish to view and click on "Verify".

5. The contract note verification screen would then be displayed along with the transaction details.

6. Click on the "View Contract Note" Button. This displays the contract note you wish to view.

7. You can save or print the contract note using the "Save" or "Print Contract note" buttons respectively.

VIEWPOINT - OPINION POLLS ONLINE

To help us understand you better, we are launching a new feature "OPINION POLLS ONLINE". Through this option we will conduct polls online regarding various subjects. Your active participation in these polls will go a long way in helping us to serve you better.

The polls are based on a broad category of subjects to help us understand you better and also to address any issues that you may be facing.

You can login to the CUSTOMER SERVICE page and then click on POLLING POINT on the bottom left hand side of the screen. The questionnaire will give you various options on different subjects. Kindly select the options that are applicable to you and then SUBMIT your poll.

You can also see the historical details of the participation of your poll you can go through the POLLING HISTORY.

We are confident that you shall continue to support and encourage us by giving your valuable feedback.


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