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SMC Global Vs Achiievers NRI Account Comparison

The side-by-side comparison of SMC Global and Achiievers NRI Account. Compare SMC Global Vs Achiievers NRI Account brokerage charges, exposure margin, demat account and AMC. Read Achiievers and SMC Global NRI Account reviews.

Find out SMC Global Vs Achiievers which is better NRI Trading Account. See SMC Global Vs Achiievers which is best NRI Demat Account.

Our SMC Global Limited comparison with Achiievers Equities Ltd highlights the major differences between two brokers. Find the best between SMC Global and Achiievers NRI Account.

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SMC Global Vs Achiievers

  SMC Global Achiievers
 
  SMC Global Limited Logo Achiievers Equities Ltd Logo
About the Broker SMC Global is a diversified financial service provider offering a wide range of financial products and services to resident and non-resident Indians (NRI) investors. NRIs can invest in Equity, Debt, Derivatives and Real Estate Funds with SMC. NRIs ca... Know more about SMC Global Limited Achiievers Equities Ltd is a discount broker offering investment services to the resident as well as non-resident investors. It offers a 2-in-1 account, integrating trading and demat accounts, for all types of investors. NRIs can use the account to t... Know more about Achiievers Equities Ltd
Account Type NRI Account NRI Trading
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SMC Global Vs Achiievers Charges

  SMC Global Achiievers
NRI Account Opening Fees ₹1000
NRI Account AMC ₹0
NRI Demat Account Opening Fees Rs 499 Nil
NRI Demat Account AMC Rs 300 Rs 400
PIS Account AMC NA NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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SMC Global Vs Achiievers NRI Account Brokerage Comparison

Account Type SMC Global NRI Account Achiievers NRI Trading
Equity Delivery 0.50% 0.50%
Equity Futures 0.05% NA
Equity Options ₹75 per lot NA
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Other Charges

Contract Note Reporting Charges NA NA
Other Brokerage Charges Demat AMC: ₹1180, Min Brokerage: ₹20
TDS Charges on Long Term Gain (Holding > 365 Days) 11.96% 11.96%
TDS Charges on Short Term Gain (Holding <= 365 Days) 17.94% 17.94%
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SMC Global Vs Achiievers NRI Account Taxes/Fees

  SMC Global Achiievers
Securities Transaction Tax (STT)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
  • Equity Intraday: 0.025% (on Sell trade)
  • Equity Delivery: 0.1% (on Buy and Sell)
  • Equity Futures: 0.01% (on Sell trade)
  • Equity Options: 0.05% (on Sell trade premium) or 0.125% (on excersied options)
Exchange Transaction Charges Check Exchange Transaction Fee
SEBI Charges 0.00005% (₹5/Crore) 0.00005% (₹5/Crore)
Goods and Services Tax (GST) 18% on (brokerage + transaction charges) 18% on (brokerage + transaction charges)
Stamp Duty 0.01% on delivery based turnover and 0.002% on non-delivery based turnover. 0.01% on delivery based turnover and 0.002% on non-delivery based turnover.

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SMC Global Vs Achiievers NRI Account Margin

  SMC Global Margin Achiievers Margin
Equity Delivery 1x 1x
Equity Futures 1x 1x
Equity Options 1x 1x

1x margin means Full SPAN + Exposure margins defined by the exchange across Equity and Derivatives (Equity F&O, currency and commodity) segments. This means the broker does not offer any additional leverage.


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SMC Global and Achiievers NRI Account Features

  SMC Global Achiievers
3-in-1 Account No No
Automated Trading No No
Free Research And Tips Yes No
Other Features
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SMC Global Vs Achiievers NRI Account Review

  SMC Global Review Achiievers Review
  30 Customer Reviews    Rate SMC Global 5 Customer Reviews    Rate Achiievers
Fees 3.8 4.6
Brokerage 3.7 5.0
Trading Platform 3.9 4.2
Customer Service 4.0 4.2
Overall Rating Rated 4.0 stars Rated 4.6 stars
Broker Rating SMC Global is Rated 4.0 / 5 based on 30 customer reviews Achiievers is Rated 4.6 / 5 based on 5 customer reviews
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Contact Broker / Request A Call Back

  SMC Global Enquire Achiievers Enquire
Contact Broker Leave your contact information and we will get in touch with you....
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SMC Global Vs Achiievers NRI Investment Options

  SMC Global Achiievers
Stocks Yes Yes
Initial Public Offers (IPO) Yes No
Mutual Funds Yes No
Other Investment Options Debt Funds, Bonds, ETF, Insurance Equity SIP

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SMC Global Vs Achiievers NRI Customer Service

  SMC Global Achiievers
Customer Care Number +91-11-25754371, 91- 9650988009 +91 33 6606 3000
Customer Care Email nridesk@smcindiaonline.com customer.care@achiieversequitiesltd.com
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SMC Global Vs Achiievers Order Type Offered for NRI Account

  SMC Global Achiievers
Bracket Order Yes No
Cover Order Yes Yes
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) No No

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SMC Global Vs Achiievers - NRI Account Advantages and Disadvantages

  SMC Global Achiievers
Pros
  • NRIs doesn't require separate Custodial Account to trade in Equity Derivatives as SMC is a registered clearing member who can get CP code for and clear the trades. This offers a huge saving for NRIs.
  • Provides research and recommendation tips based on technical analysis.
  • NRIs can trade and invest through mobile, software and web browser
  • Dedicated relationship manager to assist the NRIs in account opening to investing process.
  • SMC is a full-service broker offering a wide range of products and services.
  • A dedicated desk for NRI clients.
  • Provides diverse research reports for NRI investors based on their needs. Achiievers is one of the few discount brokers to offer research reports.
  • Offers access to NSE NOW trading platforms in mobile, installable trading terminal and web.
Cons
  • Offers NRI trading services only to NRIs who have bank accounts with Yes, Axis, HDFC, Indusind, or Federal Bank account holders.
  • It offers 2-in-1 account means NRIs have to open an NRI bank account and PIS with other banks. It also means that they have to transfer funds in their PIS account before trading.
  • Good Till Date/Time (GTD) and Good Till Cancelled (GTC) orders are not available.
  • Doesn't allow trade in the equity derivative segment.
  • Doesn't allow investment in mutual fund and IPO.
  • Charge a very high brokerage fee of 0.50% of the transaction value.
Conclusion

SMC comes across as a good choice for NRI investors who are looking for a company that offers a wide range of financial products under one roof and investment recommendations. The broker offers a good online trading platform. It also provides wealth management services to NRIs. It has a corporate office in Dubai which makes it easy for NRIs residing in the city to avail various services through branch visits. The brokerage charges of SMC Global are high in comparison to discount stock brokers.

Achiievers Equities is a discount stock broker but it doesn't offer discounted brokerage rates to NRIs. It also doesn't offer Equity F&O trading, Mutual Fund, IPO and Bonds. There are many other brokers available with better pricing, tools and multiple investment options under the same account.

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