ICICI Bank Investment Services will include a flat monthly fee of GBP4, or an annual fee of GBP35, while the account holders of ICICI Bank UK can pay a discounted rate of GBP3 a month or GBP25 a year.
Meanwhile, investments will carry zero initial commission and ICICI Bank will pass all the trail commission it receives from fund houses to the customers.
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Customers will not be charged for switching within or outside the Cofunds platform.
Additionally, there is a fund information service and tools to assist with investment decisions and online comparison, tracking and portfolio analysis tools to stay up to date with fund performance.
Cofunds accounts for 26% of the UK investment services platform market and it currently provides services to approximately 4,500 businesses, 13,000 users and 800,000 investors.
