IIFL Premium Plan
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.
IIFL has recently launched 3 new Brokerage Plans designed for a different-different customer profile. Investor Plan (Online Plus), Super Trader Plan (Pro Traders), and Premium Plan (Dedicated RM). You can choose any of the plan basis your need while opening the demat account or any time after that as well. Here we would be discussing the IIFL Premium Plan (Dedicated RM).
IIFL Premium Plan(Dedicated RM) which provides an opportunity to invest in the stock market at competitive rates along with a host of services like Dedicated RM, research reports, Intra-day calls, Free call & Trade facility. This is a Premium % based brokerage plan and would be suitable for Trader or Investor who needs services of a dedicated Relationship Manager along with Trader terminal and wants to participate in events or Seminars organized by them.
Key Features of IIFL Premium Plan (Dedicated RM) Brokerage Plan:
- Dedicated RM
- Free Access to Trader terminal Software
- 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 Premium Plan (Dedicated RM) Brokerage Charges:
This plan is relatively costlier than 2 other plans as it offers a lot of value-added services along with a dedicated relationship manager.
| EQ Delivery | 0.50% |
| EQ Intraday | 0.05% |
| EQ Futures | 0.05% |
| EQ Options | Rs.50/ Lot |
| CUR Futures | Rs.25/ Lot |
| CUR Options | Rs.10/ Lot |
| Commodity Trading | 0.05% |
IIFL Premium Plan (Dedicated RM)Other charges:
| DP transaction charge Debit | Rs.50 |
| 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 Premium Plan (Dedicated RM) Value Added Services
| Call and Trade | Free |
| Dedicated RM/ Advisor | Yes |
| Research Report | Yes |
| Market Guru seminars | Yes |
| Trader Terminal EXE | Yes |
| Intra-day calls | Yes |
| Analyst/ Investment advisor meetings | Yes |
| Minimum Margin | Rs.0 |
| Monthly subscription | Rs.0 |
Frequently Asked Questions:
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1. What is the IIFL Premium Plan?
IIFL Premium Plan is designed for the Investor community who wants Premium Services like Dedicated Relationship Manager, research reports, Intra-day calls, Free call & Trade facility, trader terminal EXE, and would be ready to pay higher % brokerage for these premium services. IIFL Premium Plan Plan(Dedicated RM) is a % based brokerage plan and Costeliest among all 3 plans offered by IIFL. 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 Premium Plan?
In The IIFL Premium Plan (Dedicated RM), they charge 0.50% for delivery, 0.05% for equity intraday & futures,₹50 per lot for equity options, ₹25 per lot for Currency Future, ₹10 per lot for Currency options, and 0.05% for commodity trading.
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3. What are the benefits of IIFL Premium Plan?
IIFL Premium Plan is mainly designed for the Investor, Trader community. In this Plan they can get the benefits of premium services by paying higher % based brokerage on executed trade without paying any fixed subscription fees, Below are the Premium Services benefits can get in this plan:
- Dedicated RM
- Free Access to Trader terminal Software
- Free Call & Trade Facility
- Research reports
- Intraday Calls
- No Minimum Margin requirement
- Zero Fixed Monthly Subscription Charges
- Participation in Market Guru seminars
- Participation in Analyst/ Investment advisor meetings
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4. Is there any Subscription fees for IIFL Premium Plan?
No, there are no subscription fees for IIFL Premium Plan.
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5. Do IIFL charges for call & Trade facility in Premium Plan?
No, IIFL provides a Call & Trade facility free of Charge irrespective of the Plan you subscribe to.
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6. Do you Get the Free dedicated RM Facility in IIFL Premium Plan?
Yes, You get the facility of a Dedicated relationship manager in the IIFL Premium Plan.
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