SMC Global Vs HDFC Securities NRI Account Comparison

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

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

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

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SMC Global Vs HDFC Securities

  SMC Global HDFC Securities
 
SMC Global Limited Logo HDFC Securities 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 HDFC, a leading private bank in India, offers online trading and investment services in India Stock Market to NRIs located across the globe. HDFC NRI 3-in-1 Account offers a seamless trading experience to NRIs. It offers an integrated NRI trading acc... Know more about HDFC Securities Ltd
Account Type NRI Account NRI Account
Broker Enquiry Open an Online Trading Account with SMC Global. Leave your contact info and we will get in touch with you. Open an Online Trading Account with HDFC Securities. Leave your contact info and we will get in touch with you.
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SMC Global Vs HDFC Securities Charges

  SMC Global HDFC Securities
NRI Account Opening Fees ₹1000 ₹2500
NRI Account AMC ₹0 ₹0
NRI Demat Account Opening Fees ₹499 ₹0
NRI Demat Account AMC ₹300 ₹750
PIS Account AMC NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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SMC Global Vs HDFC Securities NRI Account Brokerage Comparison

Brokerage Plan

  SMC Global HDFC Securities
Account Type NRI Account NRI Account
Equity Delivery 0.50% 0.75%
Equity Futures 0.05% 0.025% (Both Buy & Sell)
Equity Options ₹75 per lot ₹100 per lot

Other Charges

Contract Note Reporting Charges NA
Other Brokerage Charges Demat AMC: ₹1180, Min Brokerage: ₹20 Minimum Brokerage: ₹25, PIS AMC: ₹1000
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 HDFC Securities NRI Account Taxes/Fees

  SMC Global HDFC Securities
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 ₹15 per Crore ₹15 per 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 HDFC Securities NRI Account Exposure Margin

  SMC Global HDFC Securities
Equity Delivery
Equity Futures
Equity Options
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SMC Global and HDFC Securities NRI Account Feature Comparison

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

  SMC Global HDFC Securities
  14 Customer Reviews    Rate SMC Global 182 Customer Reviews    Rate HDFC Securities
Fees 3.9 2.1
Brokerage 3.4 1.9
Trading Platform 3.9 2.9
Customer Service 3.8 2.5
Overall Rating Rated 3.9 stars Rated 2.2 stars
Broker Rating SMC Global is Rated 3.9 / 5 based on 14 customer reviews HDFC Securities is Rated 2.2 / 5 based on 182 customer reviews
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Contact Broker / Request A Call Back

  SMC Global HDFC Securities
Contact Broker
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SMC Global Vs HDFC Securities NRI Investment Options

  SMC Global HDFC Securities
Stocks Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Other Investment Options Debt Funds, Bonds, ETF, Insurance Bonds, Equity F&O, ETFs
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SMC Global Vs HDFC Securities NRI Customer Service

  SMC Global HDFC Securities
Customer Care Number +91-11-25754371, 91- 9650988009 +91 2267 6061 61
Customer Care Email nridesk@smcindiaonline.com
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SMC Global Vs HDFC Securities Order Type Offered for NRI Account

  SMC Global HDFC Securities
Bracket Order Yes
Cover Order Yes
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) No Yes
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SMC Global Vs HDFC Securities - NRI Account Advantages and Disadvantages

  SMC Global HDFC Securities
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 3-in-1 NRI account for trading and investment.
  2. A subsidiary of renowned HDFC Bank.
  3. Offers online mutual fund facility through 'Digify'', a digital mutual fund platform.
  4. Offers AMO and GTC order facility.
  5. Research team offers trading and investment recommendations.
  6. Assistance from Relationship Managers.
  7. Offers loan facility against securities held in NRI demat account.
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. Brokerage charges are very high in comparison to discount brokers like Zerodha.
  2. Doesn't offer online trading to USA and Canada based NRIs.
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.

HDFC is a good choice for NRIs to trade and invest in stocks, mutual funds and other investment products in India. Barring NRIs from the USA and Canada, it offers a convenient way to invest online. HDFC is a full-service broker offering services like RM, NRI support desk, free research, and tips, etc., to help NRIs take informed trading decisions. It also offers loan against securities held in the demat accounts. The GTC and AMO order helps NRIs in placing orders as per their convenience.

Promo / Offers
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SMC Global Vs HDFC Securities - More Reviews

  SMC Global HDFC Securities
NRI Trading Review SMC Global NRI Account Review HDFC Securities NRI Account Review
Enquire SMC Global Enquire HDFC Securities
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