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.
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...
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...
Account Type
NRI Account
NRI Account
Special Offer
Zerodha (Trade with the best stock broker)
Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.
Zerodha (Trade with the best stock broker)
Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.
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
Rs 499
Rs 0
NRI Demat Account AMC
Rs 300
Rs 750
PIS Account AMC
NA
RBI approval for PIS (One time)
₹500 + GST
₹500 + GST
SMC Global Vs HDFC Securities NRI Account Brokerage Comparison
Account Type
SMC Global NRI Account
HDFC Securities 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%
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)
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.
SMC Global Vs HDFC Securities NRI Account Margin
SMC Global Margin
HDFC Securities 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.
SMC Global and HDFC Securities NRI Account Features
SMC Global
HDFC Securities
3-in-1 Account
Automated Trading
Free Research And Tips
Other Features
SMC Global Vs HDFC Securities NRI Account Review
SMC Global Review
HDFC Securities Review
33 Customer Reviews
220 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Overall Rating
Broker Rating
SMC Global is Rated 3.8 / 5 based on 33 customer reviews
HDFC Securities is Rated 2.1 / 5 based on 220 customer reviews
Contact Broker / Request A Call Back
SMC Global Enquire
HDFC Securities Enquire
Contact Broker
Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.
Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.
SMC Global Vs HDFC Securities NRI Investment Options
SMC Global
HDFC Securities
Stocks
Initial Public Offers (IPO)
Mutual Funds
Other Investment Options
Debt Funds, Bonds, ETF, Insurance
Bonds, Equity F&O, ETFs
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
SMC Global Vs HDFC Securities Order Type Offered for NRI Account
SMC Global
HDFC Securities
Bracket Order
Cover Order
After Market Order(AMO)
Good Till Cancelled (GTC)
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.
Offers 3-in-1 NRI account for trading and investment.
A subsidiary of renowned HDFC Bank.
Offers online mutual fund facility through 'Digify'', a digital mutual fund platform.
Offers AMO and GTC order facility.
Research team offers trading and investment recommendations.
Assistance from Relationship Managers.
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.
Brokerage charges are very high in comparison to discount brokers like Zerodha.
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
Zerodha (India's Best & No. 1 Broker)
Special Offer - Free Equity Delivery and Mutual Funds