ICICI Direct
T&C for Research Services

ICICI Securities Limited (I-Sec) is a SEBI-registered Research Analyst and offers equity research services as a value-added benefit to its broking clients.

As per SEBI circular dated February 17, 2025, Research Analysts are required to obtain consent from their clients for their Research Terms and Conditions (T&C), including the SEBI-mandated Most Important T&C (MITC).

Click here to review the T&C in detail

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Disclaimer :

The non-broking products / services like Mutual Funds, Insurance, FD/ Bonds, loans, PMS, Tax, NPS, IPO, Research, Financial Learning etc. are not exchange traded products / services and ICICI Securities Ltd. is just acting as a distributor/ referral Agent of such products / services and all disputes with respect to the distribution activity would not have access to Exchange investor redressal or Arbitration mechanism.
Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020. Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge. Pay 20% upfront margin of the transaction value to trade in cash market segment. Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide NSE circular reference NSE/INSP/45191 dated July 31, 2020; BSE Notice no. 20200731-7 dated July 31, 2020 and NSE Circular Reference No. NSE/INSP/45534 dated August 31, 2020; BSE Notice No. 20200831-45 dated August 31, 2020 and other guidelines issued from time to time in this regard. Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month.


Disclaimer : ICICI Securities attempts to ensure the highest level of integrity, correctness and authenticity of the content and data updated on the site. However, we may have not reviewed all of the contents and data present on the site and are not responsible or we take no guarantees whatsoever as to its completeness, correctness or accuracy since these details are acquired from third party. In the event that any inaccuracy arises, we will not be liable for any loss or damage that arises from the usage of the content.

Features such as Advanced Charts, Watchlists, F&O Insights @ Fingertips, Payoff Analyzer, Basket Order, Cloud Order, Option Express, e-ATM, Stock SIP, i-Track, i-Lens, Flash Trade, Strategy Builder etc., are offered by ICICI Securities. The securities quoted are exemplary and are not recommendatory. Such representations are not indicative of future results. ICICI Securities is not making the offer, holds no warranty & is not representative of the delivery service, suitability, merchantability, availability or quality of the offer and/or products/services under the offer. Any disputes regarding delivery, services, suitability, merchantability, availability or quality of the offer and / or products / services under the offer must be addressed in writing, by the customer directly to respective merchants and ICICI Securities will not entertain any communications in this regard. The information mentioned herein above is only for consumption by the client and such material should not be redistributed.

Name of Investment Adviser as registered with SEBI : ICICI Securities Limited
Type of Registration : Non Individual
Registration number : INA000000094
BSE Membership certificate no-1336
Validity of registration : Valid till suspended or cancelled by SEBI
Registered office Address : ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400025
Telephone numbers : 022 - 6807 7100
Email id : mfadvisory@icicisecurities.com
Name of Principal Officer : Mr. Umesh Balani
Contact no : 022 - 6807 7100
Email id : mfadvisory@icicisecurities.com
Name of the Compliance officer: Mr. Akash Shah
Contact number: 022 – 4084 0336
Email id : mfadvisory@icicisecurities.com
Name of grievance redressal Officer:- Mr. Jeetu Jawrani
Telephone no. of grievance redressal Officer:- 022 - 6807 7400
Email id : mfadvisory@icicisecurities.com
Corresponding SEBI regional / local office address : Securities & Exchange Board of India, Plot No.C4-A, 'G' Block Bandra-Kurla Complex, Bandra (East), Mumbai - 400051, Maharashtra

SEBI Research Analyst Registration Number - INH000000990 Name of the Compliance officer (Research Analyst): Mr. Atul Agrawal Contact number: 022-40701000

Email id: complianceofficer@icicisecurities.com

None of the research recommendations promise or guarantee any assured, minimum or risk free return to the investors.

Disclaimer : Registration granted by SEBI, membership of BASL and certification from NISM in no way guarantee performance of the intermediary or provide any assurance of returns to investors.

Attention Investors : Prevent unauthorized transactions in your account. Update your mobile numbers/email IDs with your stock brokers. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day.... Issued in the interest of Investors (Ref NSE : Circular No.: NSE/INSP/27346, BSE : Notice 20140822-30.) It has been observed that certain fraudsters have been collecting data from various sources of investors who are trading in Exchanges and sending them bulk messages on the pretext of providing investment tips and luring the investors to invest in bogus entities by promising huge profits. You are advised not to trade on the basis of SMS tips and to take an informed investment decision based on authentic sources.... issued in the interest of investor of investor (RefNSE : circular No.: NSE/COMP/42549, BSE:Notice 20191018-7).

ICICI Securities Limited:

Registered Office:
ICICI Venture House,
Appasaheb Marathe Marg,
Prabhadevi, Mumbai - 400 025
Tel: (91 22) 6807 7100
Fax: (91 22) 6807 7803


CIN: L67120MH1995PLC086241


For any queries or grievances: Mr. Jeetu Jawrani


Email id: headservicequality@icicidirect.com   Contact Number: 18601231122

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ICICIdirect.com is a part of ICICI Securities and offers retail trading and investment services.

Member of National Stock Exchange of India Limited (Member code: 07730), BSE Limited (Member code: 103) & Metropolitan Stock Exchange (Member code: 17680),Multi Commodity Exchange of India Limited (Member code: 56250) SEBI Registration number INZ000183631

Name of Compliance Officer (Broking) : Ms. Mamta Shetty    E-mail Address :  complianceofficer@icicisecurities.com/ Tel (91 22) 4070 1000


Investments in securities market are subject to market risks, read all the related documents carefully before investing.The contents here in 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. Please note Brokerage would not exceed the SEBI prescribed limit.

Margin Trading is offered as subject to the provisions of SEBI Circular CIR/MRD/DP/54/2017 dated June 13, 2017 and the terms and conditions mentioned in rights and obligations statement issued by I-Sec.

Account would be open after all procedure relating to IPV and client due diligence is completed.

ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Mumbai - 400025, India, Tel No: (91 22) 6807 7100, Fax: (91 22) 6807 7803. Composite Corporate Agent License No.CA0113. Insurance is the subject matter of solicitation. ICICI Securities Ltd. does not underwrite the risk or act as an insurer. The advertisement contains only an indication of the cover offered. For more details on risk factors, terms, conditions and exclusions, please read the sales brochure carefully before concluding a sale.


Responsible Disclosure: In case you discover any security bug or vulnerability on our platform or cyber-attacks on your trading platform, please report it to  ciso@icicisecurities.com or contact us on 022-40701841 to help us strengthen our cyber security.

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