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SMC Global Vs Aditya Birla Money NRI Account Comparison

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

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

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

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SMC Global Vs Aditya Birla Money

  SMC Global Aditya Birla Money
 
  SMC Global Limited Logo Aditya Birla Money 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 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 Account
Enquire SMC GlobalEnquire Aditya Birla Money

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SMC Global Vs Aditya Birla Money Charges

  SMC Global Aditya Birla Money
NRI Account Opening Fees ₹1000 ₹750
NRI Account AMC ₹0 ₹450
NRI Demat Account Opening Fees Rs 499 Nil
NRI Demat Account AMC Rs 300 Rs 436
PIS Account AMC NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
Enquire SMC GlobalEnquire Aditya Birla Money

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SMC Global Vs Aditya Birla Money NRI Account Brokerage Comparison

Account Type SMC Global NRI Account Aditya Birla Money
Equity Delivery 0.50%
Equity Futures 0.05%
Equity Options ₹75 per lot
Enquire SMC GlobalEnquire Aditya Birla Money

Other Charges

Contract Note Reporting Charges NA ₹25 for BSE | ₹50 for NSE
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 Aditya Birla Money NRI Account Taxes/Fees

  SMC Global 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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SMC Global Vs Aditya Birla Money NRI Account Margin

  SMC Global Margin Aditya Birla Money 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 Aditya Birla Money NRI Account Features

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

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SMC Global Vs Aditya Birla Money NRI Account Review

  SMC Global Review Aditya Birla Money Review
  30 Customer Reviews    Rate SMC Global 23 Customer Reviews    Rate Aditya Birla Money
Fees 3.8 3.1
Brokerage 3.7 3.0
Trading Platform 3.9 3.0
Customer Service 4.0 2.8
Overall Rating Rated 4.0 stars Rated 2.8 stars
Broker Rating SMC Global is Rated 4.0 / 5 based on 30 customer reviews Aditya Birla Money is Rated 2.8 / 5 based on 23 customer reviews
Enquire SMC GlobalEnquire Aditya Birla Money

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Contact Broker / Request A Call Back

  SMC Global Enquire Aditya Birla Money Enquire
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SMC Global Vs Aditya Birla Money NRI Investment Options

  SMC Global Aditya Birla Money
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 Aditya Birla Money NRI Customer Service

  SMC Global Aditya Birla Money
Customer Care Number +91-11-25754371, 91- 9650988009 18002707000
Customer Care Email nridesk@smcindiaonline.com
Enquire SMC GlobalEnquire Aditya Birla Money

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SMC Global Vs Aditya Birla Money Order Type Offered for NRI Account

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

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SMC Global Vs Aditya Birla Money - NRI Account Advantages and Disadvantages

  SMC Global Aditya Birla Money
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.
  • 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
  • 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 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

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.

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.

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