Choice Broking Vs Aditya Birla Money NRI Account Comparison

The side-by-side comparison of Choice Broking and Aditya Birla Money NRI Account. Compare Choice Broking Vs Aditya Birla Money NRI Account brokerage charges, exposure margin, demat account and AMC. Read Aditya Birla Money and Choice Broking NRI Account reviews.

Find out Choice Broking Vs Aditya Birla Money which is better NRI Trading Account. See Choice Broking Vs Aditya Birla Money which is best NRI Demat Account.

Our Choice Equity Broking Private Limited comparison with Aditya Birla Money Ltd highlights the major differences between two brokers. Find the best between Choice Broking and Aditya Birla Money NRI Account.

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Choice Broking Vs Aditya Birla Money

  Choice Broking Aditya Birla Money
 
Choice Equity Broking Private Limited Logo Aditya Birla Money Ltd Logo
About the Broker Choice Broking is a full-service broker offering online trading and advisory services to NRIs (except for those residing in the USA and Canada). It offers 2-in-1 accounts, combining Demat and trading accounts, to NRIs. The 2-in-1 account enables NR... Know more about Choice Equity Broking Private Limited Aditya Birla Capital Limited (ABCL) is a well-known financial services company offering trading, insurance, and mutual funds, etc. to non-resident Indians. Aditya Birla Money Ltd (ABML), a subsidiary of Aditya Birla Capital, offers stock broking serv... Know more about Aditya Birla Money Ltd
Account Type NRI Trading
Broker Enquiry Open an Online Trading Account with Choice Broking. Leave your contact info and we will get in touch with you. Open an Online Trading Account with Aditya Birla Money. Leave your contact info and we will get in touch with you.
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Choice Broking Vs Aditya Birla Money Charges

  Choice Broking Aditya Birla Money
NRI Account Opening Fees ₹0 ₹750
NRI Account AMC ₹0 ₹450
NRI Demat Account Opening Fees Rs 0 (Free) Nil
NRI Demat Account AMC Rs 200 or as per plan. (1st year AMC free) Rs 436
PIS Account AMC NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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Choice Broking Vs Aditya Birla Money NRI Account Brokerage Comparison

Brokerage Plan

  Choice Broking Aditya Birla Money
Account Type NRI Trading
Equity Delivery 0.50%
Equity Futures 0.03%
Equity Options ₹100 per lot

Other Charges

Contract Note Reporting Charges NA ₹25 for BSE | ₹50 for NSE
Other Brokerage Charges Demat Account AMC - ₹200 per year
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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Choice Broking Vs Aditya Birla Money NRI Account Taxes/Fees

  Choice Broking Aditya Birla Money
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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Choice Broking Vs Aditya Birla Money NRI Account Exposure Margin

  Choice Broking Aditya Birla Money
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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Choice Broking and Aditya Birla Money NRI Account Feature Comparison

  Choice Broking Aditya Birla Money
3-in-1 Account No No
Automated Trading No
Free Research And Tips Yes No
Other Features
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Choice Broking Vs Aditya Birla Money NRI Account Review

  Choice Broking Aditya Birla Money
  6 Customer Reviews    Rate Choice Broking 18 Customer Reviews    Rate Aditya Birla Money
Fees 4.3 2.8
Brokerage 4.2 2.8
Trading Platform 4.3 2.7
Customer Service 3.8 2.6
Overall Rating Rated 4.0 stars Rated 2.5 stars
Broker Rating Choice Broking is Rated 4.0 / 5 based on 6 customer reviews Aditya Birla Money is Rated 2.5 / 5 based on 18 customer reviews
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Contact Broker / Request A Call Back

  Choice Broking Aditya Birla Money
Contact Broker
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Choice Broking Vs Aditya Birla Money NRI Investment Options

  Choice Broking Aditya Birla Money
Stocks Yes Yes
Initial Public Offers (IPO) No Yes
Mutual Funds Yes Yes
Other Investment Options
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Choice Broking Vs Aditya Birla Money NRI Customer Service

  Choice Broking Aditya Birla Money
Customer Care Number 022-67079903, 9819545987 18002707000
Customer Care Email nri@choiceindia.com
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Choice Broking Vs Aditya Birla Money Order Type Offered for NRI Account

  Choice Broking Aditya Birla Money
Bracket Order Yes No
Cover Order Yes No
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) Yes No
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Choice Broking Vs Aditya Birla Money - NRI Account Advantages and Disadvantages

  Choice Broking Aditya Birla Money
Pros
  • Free account opening.
  • Advisory services with access to a wide range of research reports.
  • Convenient Mutual Fund investment through a mobile app or website.
  • Dedicated relationship manager.
  • Part of Aditya Birla group, a financial services conglomerate
  • Provides a wide range of financial services under one roof
  • Offers research advice and stock recommendations
Cons
  • Higher brokerage charges when compared to other discount brokers.
  • Do not offer 3-in-1 account services.
  • Do not provide an online account opening facility.
  • Doesn't offer a 3-in-1 account and separate account opening increases the paperwork.
  • Doesn't offer an IPO investment option.
  • Robo advisory facility is not available.
Conclusion

Choice Broking is a SEBI registered full-service broker offering trading and advisory services with a 2-in-1 account facility to the NRIs. The company offers online trading platforms to NRI for stock markets and mutual fund investments. Being a full-service broker, the brokerage charges are slightly on the higher side making it a costly broker for the NRIs. The company has a dedicated research team that provides insights on the economy and the markets along with a wide range of research reports to its clients based on its fundamental and technical analyses.

Aditya Birla Capital is a well-known name when it comes to financial services. However, when it comes to trading & investment services for NRIs it doesn't measure up to its reputation. The company doesn't have a major USP for NRIs. It doesn't offer 3-in-1 accounts. The choices in trading platforms are limited. There are many better options available in the market.

Promo / Offers
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Choice Broking Vs Aditya Birla Money - More Reviews

  Choice Broking Aditya Birla Money
NRI Trading Review Choice Broking NRI Account Review Aditya Birla Money NRI Account Review
Enquire Choice Broking Enquire Aditya Birla Money
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