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ICICIdirect Vs Sharekhan NRI Account Comparison

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

Find out ICICIdirect Vs Sharekhan which is better NRI Trading Account. See ICICIdirect Vs Sharekhan which is best NRI Demat Account.

Our ICICI Securities Pvt Ltd. comparison with Sharekhan highlights the major differences between two brokers. Find the best between ICICIdirect and Sharekhan NRI Account.

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ICICIdirect Vs Sharekhan

  ICICIdirect Sharekhan
 
  ICICI Securities Pvt Ltd. Logo Sharekhan Logo
About the Broker ICICI Bank offers trading and investment opportunities in India stock market to NRIs through ICICI NRI 3-in-1 account. It is a combination of an NRI saving bank account, an NRI Demat, and an NRI trading account. The ICICI 3 in 1 Account for NRI enab... Know more about ICICI Securities Pvt Ltd. Sharekhan, a leading full-service broker in India, offers NRI Stock Trading and Demat accounts to NRI, PIO and OCI customers. Sharekhan offers a 3-in-1 NRI Trading account in partnership with Axis, Indusind, IDBI and HDFC Bank. This account comprises... Know more about Sharekhan
Account Type NRI Account Sharekhan NRI Account
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ICICIdirect Vs Sharekhan Charges

  ICICIdirect Sharekhan
NRI Account Opening Fees ₹4000 ₹2000
NRI Account AMC ₹0 ₹3000
NRI Demat Account Opening Fees Rs 0 (Free) Rs 0 (Free)
NRI Demat Account AMC Rs 300 (from 2nd year) Rs 400 (Free for 1st year)
PIS Account AMC
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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ICICIdirect Vs Sharekhan NRI Account Brokerage Comparison

Account Type ICICIdirect NRI Account Sharekhan Sharekhan NRI Account
Equity Delivery 0.50% - 1.25% 0.50%
Equity Futures 0.03% - 0.05% 0.1% on first leg and 0.02% on second leg
Equity Options ₹70 to ₹95 ₹250 per contract note
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Other Charges

Contract Note Reporting Charges
Other Brokerage Charges PIS Acct 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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ICICIdirect Vs Sharekhan NRI Account Taxes/Fees

  ICICIdirect Sharekhan
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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ICICIdirect Vs Sharekhan NRI Account Margin

  ICICIdirect Margin Sharekhan 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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ICICIdirect and Sharekhan NRI Account Features

  ICICIdirect Sharekhan
3-in-1 Account Yes No
Automated Trading No No
Free Research And Tips Yes Yes
Other Features Call & Trade, Dedicated Relationship Manager, Branch Support
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ICICIdirect Vs Sharekhan NRI Account Review

  ICICIdirect Review Sharekhan Review
  460 Customer Reviews    Rate ICICIdirect 305 Customer Reviews    Rate Sharekhan
Fees 2.2 3.0
Brokerage 1.7 2.8
Trading Platform 3.3 3.7
Customer Service 2.7 3.3
Overall Rating Rated 2.4 stars Rated 3.3 stars
Broker Rating ICICIdirect is Rated 2.4 / 5 based on 460 customer reviews Sharekhan is Rated 3.3 / 5 based on 305 customer reviews
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Contact Broker / Request A Call Back

  ICICIdirect Enquire Sharekhan Enquire
Contact Broker ICICIdirect Neo Plan - Flat Rs 20 per trade brokerage (Intraday and F&O) + Free Account Opening + Get funds in 30 minutes from sell orders + Free trading tips. Open Instant Account Now Rs 0 Account Opening Charges + FREE Stock Tips & Research + 1 Year Free Access to TradeTiger Trading Terminal Request a Callback.
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ICICIdirect Vs Sharekhan NRI Investment Options

  ICICIdirect Sharekhan
Stocks Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Other Investment Options ETF, Corporate Bonds, NCD, FD, Insurance PMS, Wealth Management

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ICICIdirect Vs Sharekhan NRI Customer Service

  ICICIdirect Sharekhan
Customer Care Number +91-22-28307780 +91 022 6518500
Customer Care Email nri@icicidirect.com nridesk@sharekhan.com
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ICICIdirect Vs Sharekhan Order Type Offered for NRI Account

  ICICIdirect Sharekhan
Bracket Order Yes Yes
Cover Order Yes Yes
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) Yes Yes

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ICICIdirect Vs Sharekhan - NRI Account Advantages and Disadvantages

  ICICIdirect Sharekhan
Pros
  1. India's leading stockbroker. Part of the prestigious ICICI group, a financial services conglomerate.
  2. ICICI 3-in-1 NRI Account offers the easiest online trading experience.
  3. It offers an online trading facility with automatic fund transfer and PIS reporting.
  4. Invest online in Mutual Fund, NCD, FD, IPO, etc.
  5. GTC (or GTD, VTD) and AMO order types are available for placing orders in non-trading hours.
  6. It has a very stable trading platform.
  1. One of the largest stock brokers in India.
  2. Easy trading experience for NRI with 3 in 1 account.
  3. Offers advanced trading platforms in desktop, mobile, and web versions.
  4. Offers online Mutual Funds, IPOs and Bonds.
  5. Offers PMS services for wealth management
  6. A dedicated relationship manager to each NRI customer.
  7. Offers hand holding to beginners in the stock market.
Cons
  1. While ICICI trading platform gets the job done, it is very old trading software with poor user experience in comparison to the next generation online brokers like Zerodha, upstox, and 5paisa.
  2. The equity delivery brokerage is higher in comparison to discount brokers like Zerodha. With ICICI, a buy order or Rs 1 lakhs will cost Rs 1250 (1.25%) in brokerage. The same order at Zerodha cost Rs 200 in brokerage.
  3. NRIs from the UK (United Kingdom) cannot invest in IPO and Mutual Fund through ICICIDirect.com
  4. ICICI Bank doesn't offer online account opening to NRIs apart from customers from the US. Online account opening is also not available to Minor NRIs from the US.
  1. 3 in 1 account facility is only available with select banks (Axis, HDFC, IDBI, and Indusind)
  2. Brokerage and account opening charges are higher when compared to other full-service brokers.
Conclusion

ICICI is a highly recommended trading account for NRIs who are looking for investing in the stock market and mutual funds in India. It offers a convenient way to invest with competitive brokerage charges. It offers a range of investment options along with a dedicated RM, NRI support desk, free research, and tips. GTC and AMO order helps NRI customers to place an order in their own convenient timings.

Sharekhan is a good choice as a stock broker for NRIs. It offers a full range of financial services to NRIs including a hassle-free 3-in-1 trading account, research services, investments in Mutual Funds, IPOs, NCDs and also PMS. GTC and AMO order along with Call & Trade facility help NRIs to place orders in their convenient timings.

Promo / Offers

ICICIdirect Neo Plan (Discount Brokerage)

Open a 3-in-1 account with Neo Plan for:

  • Free Account Opening
  • Brokerage-Free Equity Futures trading
  • Flat Rs. 20 per trade brokerage in Options, Currency F&O and Commodity futures in BSE, NSE and MCX
  • Free trading tips
  • Get funds in your bank account in just 30 minutes of selling stocks

Interested in opening a trading account? Open Instant Account Now

Rs 0 Account Opening (for a limited time only)

  • Get FREE Account Opening.
  • FREE Research courage across all segments.
  • 1 Year FREE access to TradeTiger Trading Terminal.

This is a limited-time offer. Simply leave your contact information with us and Sharekhan representatives will contact you.

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