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24 May 2021

With ICICIdirect, Indian customers can now invest in five new Global markets

  • United Kingdom, Japan, Hong Kong, Germany & Singapore exchanges added
  • Upto $250,000 PA can be invested in overseas assets under LRS
  • Domestic investors can trade in stocks, Exchange Traded Funds, mutual funds (non-US) and fixed income products traded in those exchanges

Mumbai, May 24, 2021- ICICIdirect, a virtual financial supermarket offering investment, protection, and loan products, today announced the expansion of its Global Investments facility to newer markets like United Kingdom, Japan, Germany, and Singapore. ICICIdirect's Global Investment customers can trade in securities in these markets, in addition to the US.

This facility is offered in association with Interactive Brokers LLC, a United States-based online brokerage firm with multi-asset and multi geography trading capabilities. The entire customer journey, from on-boarding to buying and selling of securities, is completely digital.

"Since the encouraging response to our Global Investment facility for the US markets in August 2020, customers have been demanding for other markets too. We are happy to launch five new markets on the platform, with which our 5.5+ million customers can now avail of investment opportunities in these matured and well regulated market, and also further de-risk their portfolio from geography concentration point of view," said Mr. Anupam Guha, Head - Private Wealth Management, ICICI Securities.

Investors can participate in the opportunity through the Liberalised Remittance Scheme (LRS), and can now invest across stocks, Exchange Traded Funds (ETFs), Mutual Funds (non-US) and fixed income products upto $250,000 per annum. Some of these markets, like the US, offer unique advantages like no minimum ticket size and fractional ownership of shares, so even small retail investors can build a portfolio effectively.

ICICIdirect account holders can digitally open the account through the icicidirect website and choose from the available subscription plans depending on their trading and market preference.

About ICICI Securities

ICICI Securities Limited (I-Sec) is a subsidiary of ICICI Bank Ltd. The company began its operation in May 1995 and continues to grow its operation through expanding its client base and providing different type of services.

I-Sec operates www.icicidirect.com, a virtual financial supermarket, meeting the three need sets of its clients- investments, protection, and borrowing. Through its four lines of businesses -- broking, distribution of financial products, wealth management, and investment banking-- I-Sec serves customers ranging from the retail and institutional investors to corporates to high net-worth individuals to government.

I-Sec is listed on National Stock Exchange (NSE) and the Bombay Stock Exchange (BSE). For details, visit: www.icicisecurities.com

Disclaimer

ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Centre, H. T. Parekh Marg, Churchgate, Mumbai - 400020, India, Tel No : 022 - 2288 2460, 022 - 2288 2470. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103), MCX Ltd (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com.
I-Sec acts as a Composite Corporate Agent having registration number CA0113. Investment in securities market are subject to market risks, read all the related documents carefully before investing. Mutual fund investments are subject to market risks, read all scheme related documents carefully before investing.
I-Sec distributors Insurance and Mutual funds, Corporate Fixed Deposits, NCDs, PMS and AIF products.
All disputes with respect to the distribution activity, would not have access to Exchange investor redressal forum or Arbitration mechanism.
Please refer to press release no. PR No: 47/ 2018 dated October 30, 2018 issued by SEBI on `Advisory in respect of Foreign Trading Portals' before investing in global financial products through foreign/ overseas trading platforms / exchange. the Investor would not have access to Exchange (NSE and BSE) investor redressal forum or Arbitration mechanism.
The contents herein above shall not be considered as an invitation or persuasion to trade or invest.  I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. While due care has been taken, I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any inaccurate, delayed or incomplete information nor for any actions taken in reliance thereon. ICICI Securities Ltd. makes no warranties or representations, express or implied, on products and services offered through the platform. It accepts no liability for any damages or losses, however, caused in connection with the use of related services. ICICI securities Ltd is not liable for any loss or damage of any kind arising out of investments outside India.
ICICI Securities role here is limited as Introducing broker. ICICI Securities will introduce the customer with the platform provider Interactive Broker LLC post which clients will be directly sharing their details to them. Once customers have been referred, they are solely responsible for any and all orders placed by them, and understand that all orders are unsolicited and based on their own investment decisions. ICICI Securities and any of its employees, agents, principals, or representatives DO NOT: provide recommendations of any security, transaction, or order; provide investment advice; produce or provide research to any user regarding any security, transaction, or order; handle funds or securities related to securities orders or effect the clearance or settlement of a user's trades done through Interactive Brokers LLC. All processes including KYC will be executed by Interactive Brokers LLC directly with client and ICICI Securities will not incur any personal financial liability.
Except for the historical information contained herein, statements in this release which contain words or phrases such as 'will', `expected to', etc., and similar expressions or variations of such expressions may constitute 'forward-looking statements'. These forward-looking statements involve a number of risks, uncertainties and other factors that could cause actual results, opportunities and growth potential to differ materially from those suggested by the forward-looking statements. These risks and uncertainties include, but are not limited to, the actual growth in broking business and other financial services in the countries that we operate or where a material number of our customers reside, our ability to successfully implement our strategy, including our use of the Internet and other technology our exploration of merger and acquisition opportunities, our ability to integrate mergers or acquisitions into our operations and manage the risks associated with such acquisitions to achieve our strategic and financial objectives, our growth and expansion in domestic and overseas markets, technological changes, our ability to market new products, the outcome of any legal, tax or regulatory proceedings in India and in other jurisdictions we are or become a party to, the future impact of new accounting standards, our ability to implement our dividend policy, the impact of changes in insurance regulations and other regulatory changes in India and other jurisdictions on us. ICICI Securities Limited undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date thereof.
Brokerage would not exceed the SEBI prescribed limit. The brokerage plan mentioned herein is charged by the Interactive Broker (Foreign Broker) not by ICICI Securities Ltd. The role of ICICI Securities Ltd is limited to referred only.

For further details, contact:

ICICI Securities Ltd.
Rabin Ghosh
rabin.ghosh@icicisecurities.com
Adfactors PR Ltd.
Harsh Trivedi
harsh.trivedi@adfactorspr.com
+91 9987218372