General

What are the products offered by ICICI Direct?

a.      Equity Trading

• NRIs are offered equity trading on pure delivery basis on both National Stock Exchange (NSE) as well as Bombay stock exchange (BSE).
• NRIs can do both PINS and Non- PINS delivery-based transactions online
  As per regulatory guidelines, NRIs are not allowed to do intra-day trading or settlement of trades, therefore it is disabled for NRIs on ICICI Direct.
• NRIs can sell only those shares which are there in their demat account, short selling is not permitted.

b.      Mutual Funds

Mutual fund investments are not allowed for NRI’s based in USA & Canada.

• Online investment into various mutual fund companies through NRE Non-PINS & NRO Non-PINS accounts.
• Online redemption of funds
• Switch in between the schemes of a MF company
• Systematic investment plan - facilitating auto investment in a particular scheme at regular intervals
• Systematic withdrawal plan - facilitating auto redemption from a particular scheme at regular intervals
• Transfer in - transfer offline units into online

"Note: SIP is considered as fresh investment into schemes on those intervals. Exit load if any will be charged by the AMC"

c.       Initial Public Offering (IPO)

NRIs can invest in IPOs offered by Indian companies online through their ICICI Direct account, doing away with the traditional method of filling up lengthy forms. IPO is not available for NRI’s based in USA & Canada.

• Online application for various public issues through NRE Non PINS & NRO Non PINS accounts.
• No need to fill lengthy forms & write cheque
• Securities will be credited to your demat account on allotment confirmation