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IIFL Securities Vs Aditya Birla Money NRI Account Comparison

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

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

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

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IIFL Securities Vs Aditya Birla Money

  IIFL Securities Aditya Birla Money
 
  IIFL Securities Ltd Logo Aditya Birla Money Ltd Logo
About the Broker IIFL Securities is a full-service broker offering online trading services to NRIs. It offers 2-in-1 accounts, combining demat and trading accounts, to NRIs. The 2-in-1 account enables trading across stocks, equity derivatives and investments in Mutua... Know more about IIFL Securities Ltd 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
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IIFL Securities Vs Aditya Birla Money Charges

  IIFL Securities Aditya Birla Money
NRI Account Opening Fees ₹750 ₹750
NRI Account AMC ₹400 + GST ₹450
NRI Demat Account Opening Fees Rs 0 Nil
NRI Demat Account AMC Rs 250 (Free for 1st year) Rs 436
PIS Account AMC NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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IIFL Securities Vs Aditya Birla Money NRI Account Brokerage Comparison

Account Type IIFL Securities NRI Account Aditya Birla Money
Equity Delivery 0.50%
Equity Futures
Equity Options
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Other Charges

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

  IIFL Securities 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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IIFL Securities Vs Aditya Birla Money NRI Account Margin

  IIFL Securities 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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IIFL Securities and Aditya Birla Money NRI Account Features

  IIFL Securities Aditya Birla Money
3-in-1 Account No No
Automated Trading No No
Free Research And Tips Yes No
Other Features
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IIFL Securities Vs Aditya Birla Money NRI Account Review

  IIFL Securities Review Aditya Birla Money Review
  119 Customer Reviews    Rate IIFL Securities 23 Customer Reviews    Rate Aditya Birla Money
Fees 2.8 3.1
Brokerage 2.6 3.0
Trading Platform 3.2 3.0
Customer Service 2.7 2.8
Overall Rating Rated 2.7 stars Rated 2.8 stars
Broker Rating IIFL Securities is Rated 2.7 / 5 based on 119 customer reviews Aditya Birla Money is Rated 2.8 / 5 based on 23 customer reviews
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Contact Broker / Request A Call Back

  IIFL Securities Enquire Aditya Birla Money Enquire
Contact Broker Invest brokerage-free Equity Delivery (truly no brokerage) + Pay flat Rs 20 per trade for Intra-day and F&O + FREE Account Opening Fee. Open FREE Instant Account online with IIFL and start trading today. Leave your contact information and we will get in touch with you....
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IIFL Securities Vs Aditya Birla Money NRI Investment Options

  IIFL Securities Aditya Birla Money
Stocks Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Other Investment Options

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IIFL Securities Vs Aditya Birla Money NRI Customer Service

  IIFL Securities Aditya Birla Money
Customer Care Number +91 22 4007 1000 18002707000
Customer Care Email cs@iifl.com
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IIFL Securities Vs Aditya Birla Money Order Type Offered for NRI Account

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

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IIFL Securities Vs Aditya Birla Money - NRI Account Advantages and Disadvantages

  IIFL Securities Aditya Birla Money
Pros
  • Full-service broker with a dedicated relationship manager, research reports and a wide range of products & services.
  • Online account opening process for NRIs.
  • Convenient Mutual Fund investment through a mobile app or website.
  • Part of IIFL Group, a financial services conglomerate.
  • 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
  • Charges high brokerage as compared to discount brokers such as Zerodha and ProStocks.
  • Doesn't offer an NRI 3-in-1 account. NRIs have to open an NRI bank account and custodian account on their own.
  • 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

IIFL is a reputed full-service broker. It offers NRI Trading & Demat account facility for NRIs. IIFL also offers an online mutual fund platform to NRIs. IIFL Securities has a dedicated research team that provides insights on the economy and markets to its customers. The company has its offices in multiple locations across the globe that allows NRIs to avail branch services. The brokerage charges are on the higher side which makes it an expensive broker for NRIs.

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.

Promo / Offers

Free Equity Delivery Trading + Free Account Opening

  • Brokerage-free Equity Delivery and flat Rs 20 per trade for Intraday and F&O +
  • Trade with the best rated mobile trading app.

This is a limited-time offer. Open FREE Instant IIFL Account online and start trading today.

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