Chittorgarh.com Logo
Loading...

SMC Global Vs AxisDirect NRI Account Comparison

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

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

Our SMC Global Limited comparison with Axis Securities highlights the major differences between two brokers. Find the best between SMC Global and AxisDirect NRI Account.

Expand

SMC Global Vs AxisDirect

  SMC Global AxisDirect
 
  SMC Global Limited Logo Axis Securities 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 Axis Bank, the 3rd largest private bank in India, offers a 4-in-1 account to NRI customers. This account is a combination of a PIS & Non-PIS Bank Account, Trading Account, and Demat Account. Axis Bank has 10 international branch offices across the w... Know more about Axis Securities
Account Type NRI Account NRI Account
Enquire SMC GlobalEnquire AxisDirect

Expand

SMC Global Vs AxisDirect Charges

  SMC Global AxisDirect
NRI Account Opening Fees ₹1000 ₹2500
NRI Account AMC ₹0 ₹0
NRI Demat Account Opening Fees Rs 499 Rs 0
NRI Demat Account AMC Rs 300 Rs 650
PIS Account AMC NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
Enquire SMC GlobalEnquire AxisDirect

Expand

SMC Global Vs AxisDirect NRI Account Brokerage Comparison

Account Type SMC Global NRI Account AxisDirect NRI Account
Equity Delivery 0.50% 0.75%
Equity Futures 0.05% 0.05%
Equity Options ₹75 per lot Intraday: 1p per lot, Carry Forward: ₹10 per lot
Enquire SMC GlobalEnquire AxisDirect

Other Charges

Contract Note Reporting Charges NA
Other Brokerage Charges Demat AMC: ₹1180, Min Brokerage: ₹20 PIS Acct AMC: ₹1,500, Minimum Brokerage ₹50
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%
Expand

SMC Global Vs AxisDirect NRI Account Taxes/Fees

  SMC Global AxisDirect
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.

Expand

SMC Global Vs AxisDirect NRI Account Margin

  SMC Global Margin AxisDirect 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.


Expand

SMC Global and AxisDirect NRI Account Features

  SMC Global AxisDirect
3-in-1 Account No Yes
Automated Trading No No
Free Research And Tips Yes Yes
Other Features
Enquire SMC GlobalEnquire AxisDirect

Expand

SMC Global Vs AxisDirect NRI Account Review

  SMC Global Review AxisDirect Review
  30 Customer Reviews    Rate SMC Global 78 Customer Reviews    Rate AxisDirect
Fees 3.8 2.0
Brokerage 3.7 1.8
Trading Platform 3.9 2.6
Customer Service 4.0 2.2
Overall Rating Rated 4.0 stars Rated 2.1 stars
Broker Rating SMC Global is Rated 4.0 / 5 based on 30 customer reviews AxisDirect is Rated 2.1 / 5 based on 78 customer reviews
Enquire SMC GlobalEnquire AxisDirect

Expand

Contact Broker / Request A Call Back

  SMC Global Enquire AxisDirect Enquire
Contact Broker Leave your contact information and we will get in touch with you....
Leave your contact information and we will get in touch with you....
*

SMC Global Vs AxisDirect NRI Investment Options

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

Expand

SMC Global Vs AxisDirect NRI Customer Service

  SMC Global AxisDirect
Customer Care Number +91-11-25754371, 91- 9650988009 +91 22 4257 0809
Customer Care Email nridesk@smcindiaonline.com
Enquire SMC GlobalEnquire AxisDirect

Expand

SMC Global Vs AxisDirect Order Type Offered for NRI Account

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

Expand

SMC Global Vs AxisDirect - NRI Account Advantages and Disadvantages

  SMC Global AxisDirect
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.
  1. Offers 4-in-1 account for fast trading experience.
  2. Offers online Mutual Fund, IPO and NCD services.
  3. One-click Trade through Intelligent Order Entry Panel, a unique integrated order entry panel that informs you on your capital gains before placing the trade.
  4. Access to Trade-Passport, a detachable and secure Order Entry Panel, enables trading while researching on any financial website.
  5. Free trading and investment recommendations.
  6. Assistance from Relationship Managers.
  7. GTC and AMO orders.
  8. A subsidiary of the reputed Axis Bank.
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.
  1. The Axis brokerage plans are based on the trading value which makes it expensive over flat-fee brokerage charged by Zerodha, Tradeplus, etc.
  2. Axis does not provide online trading facility to USA based NRI clients.
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.

AxisDirect is a good choice as a stock broker for NRIs looking to invest in stocks, derivatives, mutual funds and IPOs in India. The company offers 4-in-1 account and good trading software and investment tools to its customers. Also, the brokerage charges of the company are competitive among full-service brokers. Axis provides many customer-friendly features to NRIs like AMO orders, Call & Trade and Relationship Manager for quick assistance.

Promo / Offers
Enquire SMC GlobalEnquire AxisDirect

Comments

Add a public comment...

Compare SMC Global Compare AxisDirect
Compare More Brokers: