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SMC Global Vs Indiabulls NRI Account Comparison

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

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

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

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SMC Global Vs Indiabulls

  SMC Global Indiabulls
 
SMC Global Limited Logo Indiabulls Ventures Limited 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 Indiabulls is a full-service stock broker that offers a range of trading and investment services to NRIs. It offers 2 in 1 accounts, combining demat and trading accounts for online trading across Equity, Equity Derivatives, IPOs, and Mutual Funds. P... Know more about Indiabulls Ventures Limited
Account Type NRI Account NRI Account
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 Indiabulls. Leave your contact info and we will get in touch with you.
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SMC Global Vs Indiabulls Charges

  SMC Global Indiabulls
NRI Account Opening Fees ₹1000 ₹2000
NRI Account AMC ₹0 ₹0
NRI Demat Account Opening Fees ₹499 ₹0
NRI Demat Account AMC ₹300 ₹450
PIS Account AMC NA NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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SMC Global Vs Indiabulls NRI Account Brokerage Comparison

Brokerage Plan

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

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 Indiabulls NRI Account Taxes/Fees

  SMC Global Indiabulls
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 ₹15 per Crore ₹15 per 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 Indiabulls NRI Account Exposure Margin

  SMC Global Indiabulls
Equity Delivery
Equity Futures
Equity Options
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SMC Global and Indiabulls NRI Account Feature Comparison

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

  SMC Global Indiabulls
  15 Customer Reviews    Rate SMC Global 47 Customer Reviews    Rate Indiabulls
Fees 3.9 3.5
Brokerage 3.2 3.1
Trading Platform 3.9 3.7
Customer Service 3.7 3.1
Overall Rating Rated 3.7 stars Rated 3.2 stars
Broker Rating SMC Global is Rated 3.7 / 5 based on 15 customer reviews Indiabulls is Rated 3.2 / 5 based on 47 customer reviews
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Contact Broker / Request A Call Back

  SMC Global Indiabulls
Contact Broker
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SMC Global Vs Indiabulls NRI Investment Options

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

  SMC Global Indiabulls
Customer Care Number +91-11-25754371, 91- 9650988009 022 6144 6300
Customer Care Email nridesk@smcindiaonline.com helpdesk@indiabulls.com
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SMC Global Vs Indiabulls Order Type Offered for NRI Account

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

  SMC Global Indiabulls
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.
  • Full-service broker offering research and recommendations tips.
  • Online investing with the Power Indiabulls trading platform.
  • Indiabulls is also an AMC. It offers a range of mutual funds to NRIs.
  • Indiabulls Ventures is part of the Indiabulls Group, a diversified financial services company.
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.
  • It charges high brokerage as compared to the brokerage charged by discount brokers like Zerodha, and Prostocks for NRI trading.
  • Doesn't offer unlimited trades/discount brokerage to NRI customers.
  • A separate Custodial account has to open with HDFC for F&O trading.
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.

Indiabulls is a good choice as a broker for NRI traders who need the online trading facility, research assistance, personalized services and prefer investing in mutual funds. It has a dedicated research team that helps traders in making informed investment decisions. The Power Indiabulls trading platform is an advanced online trading platform that offers many useful trading features to NRI investors. Except for higher brokerage, the services offered by Indiabulls to NRI customers are competitive.

Promo / Offers
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SMC Global Vs Indiabulls - More Reviews

  SMC Global Indiabulls
NRI Trading Review SMC Global NRI Account Review Indiabulls NRI Account Review
Enquire SMC Global Enquire Indiabulls
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