ICICI Direct Vs Sharekhan NRI Account Comparison

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

Find out ICICI Direct Vs Sharekhan which is better NRI Trading Account. See ICICI Direct 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 ICICI Direct and Sharekhan NRI Account.

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ICICI Direct Vs Sharekhan

  ICICI Direct 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
Broker Enquiry Open an Online Trading Account with ICICI Direct. Leave your contact info and we will get in touch with you. Open an Online Trading Account with Sharekhan. Leave your contact info and we will get in touch with you.
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ICICI Direct Vs Sharekhan Charges

  ICICI Direct Sharekhan
NRI Account Opening Fees ₹4000 ₹2000
NRI Account AMC ₹0 ₹3000
NRI Demat Account Opening Fees ₹0 ₹0 (Free)
NRI Demat Account AMC ₹700 (from 2nd year) ₹400 (Free for 1st year)
PIS Account AMC
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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ICICI Direct Vs Sharekhan NRI Account Brokerage Comparison

Brokerage Plan

  ICICI Direct Sharekhan
Account Type NRI Account 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

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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ICICI Direct Vs Sharekhan NRI Account Taxes/Fees

  ICICI Direct 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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ICICI Direct Vs Sharekhan NRI Account Exposure Margin

  ICICI Direct Sharekhan
Equity Delivery 1x (100%) 1x (100%)
Equity Futures 1x (100%) 1x (100%)
Equity Options 1x (100%) 1x (100%)
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ICICI Direct and Sharekhan NRI Account Feature Comparison

  ICICI Direct 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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ICICI Direct Vs Sharekhan NRI Account Review

  ICICI Direct Sharekhan
  424 Customer Reviews    Rate ICICI Direct 289 Customer Reviews    Rate Sharekhan
Fees 2.3 3.1
Brokerage 1.7 2.8
Trading Platform 3.4 3.7
Customer Service 2.7 3.3
Overall Rating Rated 2.4 stars Rated 3.3 stars
Broker Rating ICICI Direct is Rated 2.4 / 5 based on 424 customer reviews Sharekhan is Rated 3.3 / 5 based on 289 customer reviews
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Contact Broker / Request A Call Back

  ICICI Direct Sharekhan
Contact Broker
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ICICI Direct Vs Sharekhan NRI Investment Options

  ICICI Direct 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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ICICI Direct Vs Sharekhan NRI Customer Service

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

  ICICI Direct 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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ICICI Direct Vs Sharekhan - NRI Account Advantages and Disadvantages

  ICICI Direct 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
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ICICI Direct Vs Sharekhan - More Reviews

  ICICI Direct Sharekhan
NRI Trading Review ICICI Direct NRI Account Review Sharekhan NRI Account Review
Enquire ICICI Direct Enquire Sharekhan
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