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18 Aug 2021

ICICIdirect to offer curated portfolios of international stocks by renowned global fund managers

Mumbai - August 18, 2021 - ICICI Securities (I-Sec), which operates ICICIdirect, a virtual financial supermarket offering investment, protection, and loan products, today said that it has tied up with Interactive Advisors to offer curated portfolios of international stocks built on models constructed by leading global fund managers, for the domestic retail investors.

ICICIdirect customers would now be able to invest in portfolios made up of US stocks and ETFs managed by Interactive Advisors, a US investment advisor, based on models constructed by renowned global fund managers like Global X- by Mirae Asset, State Street Global Advisors, Legg Mason (acquired by Franklin Templeton Investments), Wisdom Tree and other portfolio managers. Between them, over 70 theme-based portfolios are already available for investors to choose from at ICICIdirect.com. These actively managed portfolios offer a host of differentiated basket of US stocks and Exchange Traded Funds (ETF).

Commenting on the launch, Mr. Anupam Guha, Head - Private Wealth Management, ICICI Securities, said, "After the successful launch of our Global Investments offering which allowed our investors to invest in markets like the US, UK, Singapore, Japan, Germany, and Hong Kong in a completely digital manner, many customers have been asking us for a facility where they could have experts guiding them for better investment decisions. We have gone one step further by getting access to a curated list of theme-based portfolios, some based on models constructed by renowned fund managers, for our customers. These are actively managed portfolios and hence will come with features like rebalancing. We are confident that this facility will find resonance with even those investors with low risk appetite and those who were keen to diversify their investments in global markets but were holding back for lack of handholding."

Investors can choose portfolios based on their risk tolerance. These portfolios are managed by a US investment manager based on extensive research and financial analysis and are across themes like smart beta, technology, healthcare, etc.

ICICIdirect launched Global Investment facility for its retail clients in association with US-based Interactive Brokers in August 2020. Interactive Advisors, a subsidiary of the Interactive Brokers Group, is an Investment Advisor registered with and regulated by the Securities and Exchange Commission.

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 Investment in securities market are subject to market risks, read all the related documents carefully before investing. 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 Introducer. 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.

For further details, contact:

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