<TABLE> <S> <C>
<PAGE>
<ARTICLE> BD
<LEGEND>
THIS SCHEDULE CONTAINS SUMMARY FINANCIAL INFORMATION EXTRACTED FROM INVESTORS
CAPITAL HOLDINGS LTD AND SUBSIDIARIES CONSOLIDATED FINANCIAL STATEMENTS AND IS
QUALIFIED IN ITS ENTIRETY BY REFERENCE TO SUCH FINANCIAL STATEMENTS.
</LEGEND>
<S> <C> <C>
<PERIOD-TYPE> YEAR 6-MOS
<FISCAL-YEAR-END> MAR-31-2001 MAR-31-2001
<PERIOD-START> APR-01-1999 APR-01-2000
<PERIOD-END> MAR-31-2000 SEP-30-2000
<CASH> 844,603 434,194
<RECEIVABLES> 1,721,370 1,962,872
<SECURITIES-RESALE> 0 0
<SECURITIES-BORROWED> 0 0
<INSTRUMENTS-OWNED> 253,087 236,696
<PP&E> 397,751 385,772
<TOTAL-ASSETS> 4,100,065 4,278,444
<SHORT-TERM> 71,040 0
<PAYABLES> 2,182,312 2,195,488
<REPOS-SOLD> 0 0
<SECURITIES-LOANED> 0 0
<INSTRUMENTS-SOLD> 0 0
<LONG-TERM> 0 0
0 0
0 0
<COMMON> 31,628 31,628
<OTHER-SE> 1,815,085 2,051,328
<TOTAL-LIABILITY-AND-EQUITY> 4,100,065 4,278,444
<TRADING-REVENUE> 1,640,883 1,051,509
<INTEREST-DIVIDENDS> 69,064 43,028
<COMMISSIONS> 18,316,538 11,752,849
<INVESTMENT-BANKING-REVENUES> 0 0
<FEE-REVENUE> 2,431,089 1,504,652
<INTEREST-EXPENSE> 13,130 6,936
<COMPENSATION> 1,672,020 1,193,899
<INCOME-PRETAX> 141,377 435,809
<INCOME-PRE-EXTRAORDINARY> 58,377 254,309
<EXTRAORDINARY> 0 0
<CHANGES> 0 0
<NET-INCOME> 90,325 236,243
<EPS-BASIC> .02 .05
<EPS-DILUTED> .02 .05
</TABLE>