What is "Equity Systematic Investment Plan" (Equity SIP)? Equity SIP is a new facility offered through ICICIdirect.

com using which you can place buy orders for a prespecified amount or for a prespecified quantity in scrips of your choice at regular intervals over a period of time as selected by you. For instance, you can select an Equity SIP for a period of say 6 months to invest 2000 per month/ other permitted frequency in shares of BHEL or alternatively you can choose to buy 10 shares of BHEL every month/ other permitted frequency through Equity SIP. After you have provided the necessary details i.e the scrip, amount/ quantity to be invested, frequency of investment, total time period and authorized ICICI Securities (I-Sec) vide your Equity SIP request, I-Sec will place your Equity SIP buy orders at market price. Can all clients of ICICI Securities Limited avail Equity SIP facility? Yes. All online existing and new clients of ICICI Securities Limited can avail the Equity SIP facility. Why should I invest through Equity SIP when I can invest in cash segment ? Equity SIP allows you to systematically invest a pre-specified sum/ buy a pre-specified quantity of shares over any defined period of time in a disciplined manner. You can therefore invest at predefined intervals without the need to worry about the right time to invest in the Equity market. Unlike in the cash segment, where you have to time the market to make gains, Equity SIP helps you to bring down your average cost of acquisition of shares due to the averaging principle. Equity SIP eliminates the need for you to actively track the market and helps in distributing your investment over a period of time. What is an Equity SIP Request? An Equity SIP Request is an online instruction placed by you on www.icicidirect.com authorising I-Sec to place buy orders in your account as per the details specified by you. Can I place Equity SIP Request for Sell transactions? No. You can place SIP Requests for "buy" orders only under the Equity SIP facility. What is the difference between Equity SIP request and Equity SIP order? Equity SIP request is an authorization given by you to I-Sec for placing buy orders as per your instructions mentioned in the request. The orders placed by I-Sec as per your authorization vide the SIP request are called Equity SIP orders. Do I need to allocate funds for placing an Equity SIP Request? No. Equity SIP Request is merely an authorisation given to I-Sec to place order in your account as per your instructions vide the SIP Request. Hence, funds are not required or used when you place Equity SIP Requests. Your funds would however be required and used at the time of placing the SIP orders.

What is meant by "Frequency"? Please explain how does it work? Frequency means the time interval, after the start date, with which you wish SIP orders to be placed in your account. Depending on the frequency selected by you, I-Sec will place SIP orders at the defined intervals after the start date for the total period specified by you. The First order will be placed on the start date specified by you and thereafter orders would be placed at the frequency for the total period as per your request. For example:, If you have placed a SIP request for buying 100 shares of Reliance at a 'Monthly' frequency for a total period of 2 months with start date 12-07-2010, I-Sec will place 3 orders for this SIP i.e. the first order being on the Start date and the balance 2 orders during the period of 2 months after the start date on a monthly frequency. In this case the first SIP order for 100 shares in Reliance is placed by I-Sec on 12-07-2010 , the next SIP date will be 12-08-2010 and end date would be 12-09-2010.If you have placed a SIP request for 100 shares in Reliance with 'Weekly' frequency for the period of 2 months with start date 12-07-2010, then the first SIP order for 100 shares in Reliance will be placed by I-Sec on 12-07-2010 and the subsequent SIP dates will be 19-07-2010, 26-07-2010 and so on upto 12-09-2010 i.e. two months from the Start date. Do I need to log in on every SIP date to place the Equity SIP orders? No. Once you have placed your Equity SIP requests, I-Sec will place the Equity SIP buy orders on your behalf. You need not login to your account to purchase the shares. What is meant by Minimum and Maximum Period? 'Minimum Period' is the period below which an Equity SIP request cannot be placed ie. you need to place an Equity SIP request for a period equal to or greater than the minimum period. 'Maximum' Period is the period beyond which an Equity SIP request cannot be placed ie you need to place an Equity SIP request for a period equal to or lesser than the maximum period. The Order placement page displays the Minimum period and the Maximum period would be available under the drop down for the Total period to be selected by you at the time of placing the SIP request. I-Sec may change the Minimum period or the Maximum period from time to time without giving any prior notice. What are the types of Equity SIP request I can choose on ICICIdirect.com and how do I indicate my choice? You may select either Amount based SIP request or Quantity based SIP request. You can indicate your choice by selecting the desired option under the field "SIP Type" at the time of placing the Equity SIP request. What is "Amount" based Equity SIP? Amount based Equity SIP is a SIP type wherein a fixed amount (or approximately the same) is invested in your desired scrip at each frequency. In case of Amount based SIP, you need to specify the amount to be invested in the scrip at your desired frequency. The amount specified by you should be equal to or above the minimum amount defined by I-Sec. At the time of placement of your SIP order, since quantity of shares has to be specified, the same will be calculated by dividing the SIP amount specified by you with the prevailing market price of the scrip at the time of order placement as per the SIP request. The formula would be Quantity = SIP Amount / Market price. Any fractional quantity will be ignored and order will be placed for the balance quantity. The actual order value would be based on the market price for the quantity so calculated above.

What is "Quantity" based Equity SIP? Quantity based Equity SIP is a SIP type wherein a fixed quantity of shares of your desired scrip is purchased at each frequency. In case of Quantity based SIP, the quantity would be as specified by you and would be fixed while placement of orders as per your desired frequency. The order value would be calculated based on the market price of the scrip prevailing in the market at the time of order placement. How can I invest through Equity SIP? To start investing through Equity SIP, you will have to follow 3 easy steps as mentioned below: Step 1: Login to your ICICIdirect.com account Step 2: Check the scrips in which Equity SIP orders can be placed on the following path: Trading page > Equity section < Equity SIP < SIP Stock list page Step 3: Place an Equity SIP request, by visiting either the Equity SIP page or the SIP Stock list page and click on "Place SIP Request" link. Can I place Equity SIP request in any scrip? Equity SIP requests can be placed only in select scrips as mentioned in the SIP Stock list appearing on www.icicidirect.com. I-Sec may include or exclude any scrips from the Equity SIP Stock list at any time without any prior intimation Where can I view the SIP Stock list? You can view the 'SIP Stock List' Trading page > Equity section > Equity SIP > SIP Stock List In which exchanges can I place Equity SIP Requests? You can place Equity SIP Requests for placing SIP orders in both NSE as well as BSE Can I place Equity SIP Request at any time during the day? Yes. You may place Equity SIP Request at any time during the day and even post market hours. Can I place Equity SIP Request through CallNTrade? You can place your Equity SIP Request through CallNTrade only after you have accepted the Terms and Conditions applicable for the Equity SIP facility by logging in to your account on ICICIdirect.com You will see that certain fields would be auto populated and you will have to key in details for the remaining fields What is "Equity SIP Request Book"? What are the details available on the Equity SIP Request book? The "Equity SIP Request Book" on the site is a page which displays the details of the SIP requests placed by you under the Equity SIP product. You can view the Equity SIP Request book by visiting Equity SIP Request Book link under the Equity SIP page on the Equity segment. This book will provide you the details like the SIP reference no., stock name, quantity or amount, frequency, total period, start date, next SIP date, end date etc. page on the following path:

How many Equity SIP Requests can I place in a day? Is there a restriction on the number of scrips in which Equity SIP can be placed by a client? You can place multiple Equity SIP Requests in a day for different scrips or for the same scrip irrespective of whether the SIP requests are Amount based or Quantity based. There is no restriction on the number of scrips that you choose for Equity SIP request provided the scrips are enabled under the SIP stock list. However, please note that all the Equity SIP requests cannot be placed together and you have to place separate Equity SIP requests for each scrip Can I place "Quantity" and "Amount" based SIP Request in the same scrip simultaneously? You can choose both, Quantity as well as Amount based, SIP request simultaneously for different scrips or the same scrip. However, you will have to place two different SIP requests for each SIP type in each Scrip When would I-Sec place my Equity SIP orders ? When placing an Equity SIP request, you are required to select a "start date" from when Equity SIP order placement will commence. I-Sec will place the order from the start date selected by you as per your request. The start date should be atleast T+2 from the date of placing the Equity SIP request. Thereafter, the orders would be placed on the basis of the frequency and the total period chosen by you in your Equity SIP Request. The orders would be placed on these dates provided they are trading days. In case the frequency dates fall on Trading holidays, then the orders would be placed by I-Sec on the subsequent trading day. In case of SIP with daily frequency, orders would be placed by I-Sec only on trading days. During a SIP order placement date, the time of order placement would be at the discretion of I-Sec and would be displayed on the site for your reference Is there a possibility that my entire SIP order may not be executed at the exchange? Yes. I-Sec is merely your agent for placing orders as per the instructions given by you under the facility. I-Sec does not have any role to play in the execution of trades after the orders have been placed. Trade execution takes place at the exchange platform as per the order matching rules of the exchange. Thus there is a possibilty that orders may be executed only partially or may not be executed at all; as is the case with normal cash transactions also At what price will my Equity SIP orders be placed and where can I see details of the same? You can view the details of all successfully placed SIP orders in your account in the normal Equity online order book Where can I view the details of the SIP orders placed against my Equity SIP Requests? You can view the details of all successfully placed SIP orders in your account in the normal Equity online order book. To view details of all orders including failed/rejected orders, if any, you may visit the Equity SIP Order placement log on the SIP Request Book by clicking on the hyperlink of your respective SIP Reference no How do I differentiate between SIP orders and cash orders in the order book? Equity SIP orders would be marked as "SIP" under the column "Channel" in the online order book

I have forgotten to allocate enough funds for my Equity SIP order. Is my order liable to be rejected? No. It is advisable that you allocate funds under the Equity segment in your trading account towards your EQUITY SIP orders from your linked bank account. In case you have not allocated the required amount, ICICI Securities will place the order only after checking that sufficient clear funds are available in your linked bank account. In case the clear funds in your linked bank account are also insufficient to place your Equity SIP order, the entire Equity SIP order would fail. Please note that EQUITY SIP order will not be placed for partial amount/quantity. In case sufficient balance is not available in your account, your entire order will fail. Where can I view the next SIP order placement date for my SIP requests? You can view your next order placement date in the Equity SIP Request book under the column 'Next SIP Date' Can I cancel a SIP request? Yes. You can cancel an On-going SIP request at any time before I-Sec has initiated order placement on the order placement date . You can cancel your SIP request by visiting the Equity SIP request book under the Equity SIP page of your online trading account. Once you cancel a SIP Request, all future orders to be placed against such SIP Request no. would stand cancelled Is the brokerage rate different for Cash and Equity SIP transactions? No, there is no change in the brokerage rates for Equity SIP transactions. Brokerage rates and applicable charges applicable for Equity SIP transactions would be the same as your cash transactions How will my Equity SIP transactions be settled ? Settlement of Equity SIP transactions would be done in the same manner as cash transactions. Please click here to know more about settlement related FAQs Can I sell shares which I have bought through Equity SIP ? Yes. Shares bought in your demat account through Equity SIP are at par with the ones bought by you in the cash segment. You can therefore sell/ otherwise deal in such shares at anytime as per your requirement