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SMC Global Vs Anand Rathi NRI Account Comparison

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

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

Our SMC Global Limited comparison with Anand Rathi highlights the major differences between two brokers. Find the best between SMC Global and Anand Rathi NRI Account.

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SMC Global Vs Anand Rathi

  SMC Global Anand Rathi
 
  SMC Global Limited Logo Anand Rathi 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 Anand Rathi provides a wide range of trading and investment services to the resident as well as NRI investors. It offers a 2-in-1 account, combining trading and demat accounts, for NRIs to trade in equity, equity derivatives, mutual funds, and IPOs... Know more about Anand Rathi
Account Type NRI Account NRI Account
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SMC Global Vs Anand Rathi Charges

  SMC Global Anand Rathi
NRI Account Opening Fees ₹1000
NRI Account AMC ₹0
NRI Demat Account Opening Fees Rs 499 Rs 0
NRI Demat Account AMC Rs 300 Rs 450 from second year onward
PIS Account AMC NA NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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SMC Global Vs Anand Rathi NRI Account Brokerage Comparison

Account Type SMC Global NRI Account Anand Rathi NRI Account
Equity Delivery 0.50%
Equity Futures 0.05%
Equity Options ₹75 per lot
Enquire SMC GlobalEnquire Anand Rathi

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 Anand Rathi NRI Account Taxes/Fees

  SMC Global Anand Rathi
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 Anand Rathi NRI Account Margin

  SMC Global Margin Anand Rathi 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 Anand Rathi NRI Account Features

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

  SMC Global Review Anand Rathi Review
  30 Customer Reviews    Rate SMC Global 14 Customer Reviews    Rate Anand Rathi
Fees 3.8 3.2
Brokerage 3.7 3.2
Trading Platform 3.9 3.0
Customer Service 4.0 3.4
Overall Rating Rated 4.0 stars Rated 3.1 stars
Broker Rating SMC Global is Rated 4.0 / 5 based on 30 customer reviews Anand Rathi is Rated 3.1 / 5 based on 14 customer reviews
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Contact Broker / Request A Call Back

  SMC Global Enquire Anand Rathi Enquire
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SMC Global Vs Anand Rathi NRI Investment Options

  SMC Global Anand Rathi
Stocks Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Other Investment Options Debt Funds, Bonds, ETF, Insurance

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SMC Global Vs Anand Rathi NRI Customer Service

  SMC Global Anand Rathi
Customer Care Number +91-11-25754371, 91- 9650988009 0291 666 1001
Customer Care Email nridesk@smcindiaonline.com nridesk@rathi.com
Enquire SMC GlobalEnquire Anand Rathi

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SMC Global Vs Anand Rathi Order Type Offered for NRI Account

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

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SMC Global Vs Anand Rathi - NRI Account Advantages and Disadvantages

  SMC Global Anand Rathi
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.
  • Wide range of online trading platforms
  • Offers research and recommendation tips.
  • Offers Relationship Manager assistance
  • Offers free call & trade facility for NRIs.
  • Can open PIS account with multiple banks.
  • Online Mutual Fund investment is available.
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.
  • Charges brokerage in percentage which is higher than most of the discount brokers.
  • It only offers a 2-in-1 account which means NRIs have to open NRI SB and PIS accounts with other banks.
  • NRIs have to depend on ICCL (3-rd party custodial) for trade settlement. This increases the cost of trading.
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.

Anand Rathi is a recommended choice for NRI investors who are ready to pay high brokerage for value-added services like good online trading software, online mutual fund services and research advisory etc. It is a full-service broker offering a wide range of services for NRIs and resident investors. They offer wealth management, advisory, investment, portfolio management, and insurance services. NRIs have to open the NRI SB account and custodial account with 3rd party before opening the NRI trading and demat account with the broker.

Promo / Offers
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