ICICI Bank UK, the UK-based subsidiary of India’s largest private sector bank, has launched ICICI Bank Investment Services, an online, execution-only platform, in association with Cofunds.

Cofunds accounts for 26 per cent of the UK investment services platform market. It currently provides services to approximately 4,500 businesses, 13,000 users and 800,000 investors.

The new proposition includes a flat monthly fee of £4 (a little over $6), or an annual fee of £35. ICICI Bank UK account holders pay a discounted rate of £3 a month or £25 a year.

There is zero initial commission on investments and ICICI Bank will pass all the trail commission it receives from fund houses to the customers. No switching charges will be made within or outside the Cofunds platform.

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.