IIFL Investor Plan
IIFL has recently launched 3 new Brokerage Plans designed for different-different customer profiles. Investor Plan (Online Plus), Super Trader Plan (Pro Traders), and Premium Plan (Dedicated RM). You can choose any of the plans bases on your need while opening the demat account or any time after that as well. Here we would be discussing Investor Plan (Online Plus).
IIFL Investor Plan (Online Plus) provides an opportunity to invest in the stock market at competitive rates along with a host of services like research reports, Intra-day calls, Free call & Trade facility. This is a Basic % based brokerage plan and would be suitable for Online Investors or users and does not need a dedicated RMs facility.
India Infoline is one of the experienced financial service conglomerate which was established in the year, 1995. They are among the first financial broker who entered the market with the discount service brokerage by the name of 5paisa.com.
Key Features of IIFL Investor (Online Plus) Brokerage Plan:
- Free Call & Trade Facility
- Research reports
- Intraday Calls
- No Minimum Margin requirement
- Zero Monthly Subscription Charges Like in Super Trader Plan
IIFL Account Opening Charges | IIFL AMC 2020
IIFL charges Rs. 250 (Currently waived off) for trading and Demat account opening which is the one-time fee charged while initiating your account opening process. Rs. 250 (Free for the first year) are annual maintenance charges and would get deducted from your account even if you have not traded for a year by IIFL to maintain your account.
| Type | Account Opening (One Time) | Annual Maintenance Fees (Yearly) |
|---|---|---|
| IIFL Trading Account | Rs.250 (Currently waived off) account Opening | NIL |
| IIFL Demat Account | Rs.0 | Rs. 250 (Free for the first year) |
IIFL Investor (Online Plus) Broking Charges:
| EQ Delivery | 0.25% |
| EQ Intraday | 0.025% |
| EQ Futures | 0.025% |
| EQ Options | Rs.25/ Lot |
| CUR Futures | Rs.20/ Lot |
| CUR Options | Rs.8/ Lot |
| Commodity Trading | 0.025% |
IIFL Investor (Online Plus) Other charges:
| DP transaction charge Debit | Rs.25 |
| Delayed Payment Interest | 18% P.a. |
| System & Risk square off | Rs.100 |
| Pledge & Unpledge charges/ ISIN (customer-initiated) | Rs.10 |
| Re-pledge and Release charges/ ISIN (collaterals) | Rs.1 |
| Pledge Invocation Charges | Rs.15 |
| Demat/ Remat Charges | Rs.15 |
| Payment Gateway Charges | Rs.0 |
| Re-issuance of (Additional) New DIS | Rs.100 |
| Postal Charges for physical dispatch | Rs.40 |
| Pledge charge (Broker Margin Funding) | Rs.50 |
IIFL Investor (Online Plus) Plan Value Added Services
| Call and Trade | Free |
| Dedicated RM/ Advisor | No |
| Research Report | Yes |
| Market Guru seminars | No |
| Trader Terminal EXE | No |
| Intra-day calls | Yes |
| Analyst/ Investment advisor meetings | No |
| Minimum Margin | Rs.0 |
| Monthly subscription | Rs.0 |
Frequently Asked Questions:
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1. What is the IIFL Investor Plan?
IIFL Investor Plan (Online Plus) provides an opportunity to invest in the stock market at competitive rates along with a host of services like research reports, Intra-day calls, Free call & Trade facility. This is a Basic % based brokerage plan and would be suitable for Online Investors or users who do not need a dedicated RMs facility. This plan does not have any monthly fixed subscription fees like in the Super trader Plan and would be charged only for the trade you execute.
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2. What is the Brokerage for the IIFL Investor Plan?
In The IIFL Investor Plan (Dedicated RM), they charge 0.25% for delivery, 0.025% for equity intraday & futures,₹25 per lot for equity options, ₹20 per lot for Currency Future, ₹8 per lot for Currency options, and 0.025% for commodity trading.
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3. What are the benefits of IIFL Investor Plan?
IIFL Investor Plan is mainly designed for the Investor, Online Trader community. In this Plan, they can get some of the premium services Like research & Intraday call by paying slightly higher % based brokerage on executed trade. In this plan, there are no fixed subscription fees but they would also not get a dedicated RM facility. Below are the Premium Services benefits they can get in this plan:
- Free Call & Trade Facility
- Research reports
- Intraday Calls
- No Minimum Margin requirement
- Zero Fixed Monthly Subscription Charges
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4. Is there any Subscription fees for IIFL Investor Plan?
No, there is no subscription fees for IIFL Investor Plan.
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5. Do IIFL charges for Call and Trade facility in Investor Plan?
No, IIFL provides the facility of Call & Trade free of cost irrespective of the Plan you subscribe to.
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6. Do you Get the Free dedicated RM Facility in IIFL Investor Plan?
No, You would not get the facility of a dedicated relationship manager in the IIFL Investor Plan.
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