SMC Global Vs Wisdom Capital NRI Account Comparison

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

Find out SMC Global Vs Wisdom Capital which is better NRI Trading Account. See SMC Global Vs Wisdom Capital which is best NRI Demat Account.

Our SMC Global Limited comparison with Wisdom Capital highlights the major differences between two brokers. Find the best between SMC Global and Wisdom Capital NRI Account.

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SMC Global Vs Wisdom Capital

  SMC Global Wisdom Capital
 
SMC Global Limited Logo Wisdom Capital 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 Wisdom Capital is an online discount broker in India. The broker offers trading and Demat account services to residents as well as NRIs. Wisdom Capital is an online brand of Ashlar Securities. The company is registered under FATCA of the USA and allo... Know more about Wisdom Capital
Account Type NRI Account NRI Trading
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 Wisdom Capital. Leave your contact info and we will get in touch with you.
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SMC Global Vs Wisdom Capital Charges

  SMC Global Wisdom Capital
NRI Account Opening Fees ₹1000
NRI Account AMC ₹0
NRI Demat Account Opening Fees ₹499 ₹0 (Free)
NRI Demat Account AMC ₹300 ₹999 (Lifetime)
PIS Account AMC NA NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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SMC Global Vs Wisdom Capital NRI Account Brokerage Comparison

Brokerage Plan

  SMC Global Wisdom Capital
Account Type NRI Account NRI Trading
Equity Delivery 0.50%
Equity Futures 0.05%
Equity Options ₹75 per lot

Other Charges

Contract Note Reporting Charges NA NA
Other Brokerage Charges Demat AMC: ₹1180, Min Brokerage: ₹20
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 Wisdom Capital NRI Account Taxes/Fees

  SMC Global Wisdom Capital
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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SMC Global Vs Wisdom Capital NRI Account Exposure Margin

  SMC Global Wisdom Capital
Equity Delivery
Equity Futures
Equity Options
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SMC Global and Wisdom Capital NRI Account Feature Comparison

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

  SMC Global Wisdom Capital
  15 Customer Reviews    Rate SMC Global 29 Customer Reviews    Rate Wisdom Capital
Fees 3.9 4.0
Brokerage 3.2 4.2
Trading Platform 3.9 3.3
Customer Service 3.7 3.4
Overall Rating Rated 3.7 stars Rated 3.6 stars
Broker Rating SMC Global is Rated 3.7 / 5 based on 15 customer reviews Wisdom Capital is Rated 3.6 / 5 based on 29 customer reviews
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Contact Broker / Request A Call Back

  SMC Global Wisdom Capital
Contact Broker
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SMC Global Vs Wisdom Capital NRI Investment Options

  SMC Global Wisdom Capital
Stocks Yes Yes
Initial Public Offers (IPO) Yes No
Mutual Funds Yes Yes
Other Investment Options Debt Funds, Bonds, ETF, Insurance
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SMC Global Vs Wisdom Capital NRI Customer Service

  SMC Global Wisdom Capital
Customer Care Number +91-11-25754371, 91- 9650988009 1800-123-9343
Customer Care Email nridesk@smcindiaonline.com accounts@wisdomcapital.in
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SMC Global Vs Wisdom Capital Order Type Offered for NRI Account

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

  SMC Global Wisdom Capital
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.
  • Wisdom Capital brokerage is lower than the full-service brokers.
  • Offers expert investment advisory services.
  • Dedicated online Live Support.
  • Wisdom Capital Trading School course for the investors to understand stock market concepts and trading.
  • NRIs are allowed to open the NRI bank account with any bank and link it with Wisdom Capital NRI trading and Demat account.
  • Omnesys NEST is offered as the trading platform.
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.
  • Doesn't offer the facility to invest in IPOs and NCDs.
  • Doesn't offer a 3-in-1 NRI trading account. NRIs have to open a bank account with 3rd party.
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.

Wisdom Capital is an online broker with very little investment in technology. This makes it difficult for Wisdom Capital to compete with other discount stock brokers including Zerodha, 5Paisa, Upstox, and ProStocks, etc. Except for investment advisory and trading courses, Wisdom doesn't have any unique selling point.

Promo / Offers
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SMC Global Vs Wisdom Capital - More Reviews

  SMC Global Wisdom Capital
NRI Trading Review SMC Global NRI Account Review Wisdom Capital NRI Account Review
Enquire SMC Global Enquire Wisdom Capital
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