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How to Buy SGB on ICICI Direct

Guide to Sovereign Gold Bond investment on ICICI Direct

ICICI Securities Ltd

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Best For

ICICI Bank customersResearch-focused investors

ICICI Direct, backed by ICICI Securities, is one of India's largest full-service brokers. With strong research and ICICI Bank integration, it offers a comprehensive investment platform including SGBs.

This guide covers the complete process of buying Sovereign Gold Bonds on ICICI Direct.

ICICI Direct SGB Charges

Account OpeningFree

Annual Maintenance (AMC)₹700/year (first year free)

SGB Brokerage0.29% (default plan)

DP Charges₹20 + GST per scrip

Pros

ICICI Bank integration
Strong research team
Good mobile app
3-in-1 account option
Wide product range

Cons

Higher charges than discount brokers
0.29% brokerage on SGB trades
₹700/year AMC after first year
Website can be slow

How to Buy SGB on ICICI Direct - Step by Step

Open ICICI Direct Account

Sign up at icicidirect.com or through ICICI Bank. Complete KYC with required documents. ICICI Bank customers get faster activation.

Access Trading Platform

Add Funds

Transfer money from linked ICICI account or other banks via NEFT/UPI.

Find SGB

Search for 'SGB' or 'Sovereign Gold Bond' in the search bar. View all available series.

Execute Trade

Select SGB, click Buy, enter quantity, choose order type (Limit/Market), confirm order.

View in Portfolio

After T+1 settlement, SGBs appear in your demat holdings. Track via portfolio section.

Pro Tips for ICICI Direct

First year AMC free - good time to start
Use ICICI's gold research for market insights
3-in-1 account simplifies fund management
Compare brokerage impact on larger orders
Check SGB Analyzer for discount before buying

Calculate Your SGB Returns

Use our calculator to estimate your potential returns based on investment amount and holding period.

Frequently Asked Questions

ICICI Direct charges 0.29% brokerage on SGB trades (default MoneySaver plan). DP charges are ₹20 + GST per scrip. AMC is ₹700/year (first year free).

Yes, ICICI Bank customers can open 3-in-1 account quickly and enjoy seamless fund transfers. Some customers may already have trading access through their bank account.

During RBI's SGB subscription periods, ICICI Direct enables applications through the IPO section. You can apply and pay through your linked account.

If you value research, ICICI Bank integration, and full-service support, yes. For cost-conscious investors, discount brokers offer zero brokerage on SGBs.

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