Purchase of Gold ETF on Dhanteras –ICICIdirect Special Offer

ICICIdirect is doing an aggressive campaigning through email campaigns and it is now asking traders to go for gold ETF on eve of Dhanteras.

As we know that Dhanteras always holds a special significance in our lives as we buy precious metals like gold, as a mark of new beginning on this very first day of Diwali. Now brokerage houses are using the occasion to improve their business

With this thought and festive spirit in our hearts, ICICIdirect is pleased to present an opportunity to begin your investments in Gold ETF with the below mentioned offers. Also, please click here to read more about Gold ETF:

• All investments* done in Gold ETF on Dhanteras (October 24, 2011) would attract only 50% of actual brokerage* on Gold ETF
• Get complete refund of brokerage on fortnightly / monthly SIPs in Gold ETF registered on this day. 3 triggers of these SIPs will be free for you.
• Brokerage refers to actual brokerage levied by www.icicidirectcom and does not include any statutory charges. Initially normal brokerage would be levied.
• Investments includes buying of Gold ETF in Cash. If you square off the position on the same day, it would not be considered for refund. We would refund 50% of brokerage levied in 7 working days.
• SIP should be fortnightly / monthly to be eligible for special scheme and should have executed atleast once before November 4, 2011. SIP should be active till January 4, 2012 to be eligible for refund. Refund would be made on or before January 20, 2012.
  This offer can not be clubbed with any other scheme.
• ST, STT, Transaction charges and other regulatory charges will be charged on the turnover and need to be borne by customers.
  The benefit of reduced brokerage will be subject to flat minimum brokerage of 1/-.
  The scheme is available only for RI customers.

Before investing please understand the gold ETF concept and same is as listed below:

• Each Gold ETF unit is roughly equal to a gram of gold. These units are traded on the exchange like a stock of a company. Some of the reasons why gold ETFs are a prudent route to invest in gold are:
• They are one of the cheapest form of purchasing gold as there is no premium or making charge like in purchase of jewelry
• There are no quality issues as these are traded on Exchange
• Its easy to buy in small lots, you can even buy just one gram of gold at a time
• They are a tax efficient way of investment as they don't attract STT or wealth tax
• There is no security risk
• Historically also gold has shown better stability and growth across asset classes.