new fixed brokerage structure in icicidirect

#1
icicidirect is starting something called 'Clear value deal'

basically here is the deal

CLEAR VALUE DEALS
Clear Value Deal-299
Clear Value Deal-599
Clear Value Deal-999

Fee payable per month
Rs 299
Rs 599
Rs 999

Maximum Quarterly FREE Turnover(Cash & BTST)*
Rs 1,50,000
Rs 3 00,000
Rs 6 00,000


basically you can trade Rs 6 lakh for about 3000 Rs...
right now you have to pay (@.0075%) 4500 Rs

so you can save Rs 1500 for 3 months or Rs 500 per mont
but the catch is you have to trade Rs 6 lakh
so not a great deal...just ok :mad:
 
#2
icicidirect is starting something called 'Clear value deal'

basically here is the deal

CLEAR VALUE DEALS
Clear Value Deal-299
Clear Value Deal-599
Clear Value Deal-999

Fee payable per month
Rs 299
Rs 599
Rs 999

Maximum Quarterly FREE Turnover(Cash & BTST)*
Rs 1,50,000
Rs 3 00,000
Rs 6 00,000


basically you can trade Rs 6 lakh for about 3000 Rs...
right now you have to pay (@.0075%) 4500 Rs

so you can save Rs 1500 for 3 months or Rs 500 per mont
but the catch is you have to trade Rs 6 lakh
so not a great deal...just ok :mad:
Thanks for the analysis. That is right. Just to put it into perspective, the resulting are the brokerage charges for the three plans :

Clear Value Deal-299 -> (0.6%)
Clear Value Deal-599 -> (0.6%)
Clear Value Deal-999 -> (0.5%)

Having said that the following caveats to be noted:

1. This is the MINIMUM you would pay as brokerage. There is very little probability that you would be trading the exact amount. If you undershoot the 1.5 L, then your resulting brokerage goes up and if you overshoot it, the variable 0.75% comes into play which would push up your resultant brokerage.

2. There is a quarterly lock-in to the plan you choose in the sense that you would be able to change a plan only in the upward direction :eek: (Eg. Clear value 299 to clear value 599)

3. These amounts are ofcourse exclusive of STT and Service charges.

I personally feel this is last gasp of effort by the other brokerages to lock in customers before R-trade comes in with its much touted discount brokerage scheme.

I am waiting on the sidelines for now :D
 

swagat86

Active Member
#3
WAT u guys say is right,


And just to remind u guys of the Reliance infocom( By the same Brother Anil) saga way back. When they bagged in Huge customers For Rs 500 ( Again RS 500/ brk card) in the Monsoon offer. And then long billss were sent. Pls do not go by Glamour. WAit patienly for reviews and then go.

Not to forget after Reliance entered the Telecom space it got Revolutinsed wid ultimately the customer winning. Now all HUtch Airtel Tata have to offer lower call rates And value added services. So b careful.

Thanks
 
Last edited: