SMC Global Vs Kotak Securities NRI Account Comparison
The side-by-side comparison of SMC Global and Kotak Securities NRI Account. Compare SMC Global Vs Kotak Securities NRI Account brokerage charges, exposure margin, demat account and AMC. Read Kotak Securities and SMC Global NRI Account reviews.
Find out SMC Global Vs Kotak Securities which is better NRI Trading Account. See SMC Global Vs Kotak Securities which is best NRI Demat Account.
Our SMC Global Limited comparison with Kotak Securities Ltd highlights the major differences between two brokers. Find the best between SMC Global and Kotak Securities NRI Account.
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...
Kotak Securities is a full-service broker that offers a range of services to NRIs, from across the globe, including online trading in Equity, Equity Derivatives (F&O), Mutual Funds, Bonds, IPO, and ETF. Kotak securities NRI account (NRI 3-in-1 accoun...
Account Type
NRI Account
NRI Account
Special Offer
Zerodha (Trade with the best stock broker)
Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.
Zerodha (Trade with the best stock broker)
Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.
SMC Global Vs Kotak Securities Charges
SMC Global
Kotak Securities
NRI Account Opening Fees
₹1000
₹3750
NRI Account AMC
₹0
₹0
NRI Demat Account Opening Fees
Rs 499
Rs 0 (Free)
NRI Demat Account AMC
Rs 300
Rs 600
PIS Account AMC
NA
₹1000
RBI approval for PIS (One time)
₹500 + GST
₹500 + GST
SMC Global Vs Kotak Securities NRI Account Brokerage Comparison
Account Type
SMC Global NRI Account
Kotak Securities NRI Account
Equity Delivery
0.50%
1.00%
Equity Futures
0.05%
1.00%
Equity Options
₹75 per lot
1.00%
Other Charges
Contract Note Reporting Charges
NA
₹0
Other Brokerage Charges
Demat AMC: ₹1180, Min Brokerage: ₹20
Average Quarterly Balance: ₹10000
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%
SMC Global Vs Kotak Securities NRI Account Taxes/Fees
SMC Global
Kotak Securities
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)
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.
SMC Global Vs Kotak Securities NRI Account Margin
SMC Global Margin
Kotak Securities 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.
SMC Global and Kotak Securities NRI Account Features
SMC Global
Kotak Securities
3-in-1 Account
Automated Trading
Free Research And Tips
Other Features
SMC Global Vs Kotak Securities NRI Account Review
SMC Global Review
Kotak Securities Review
33 Customer Reviews
180 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Overall Rating
Broker Rating
SMC Global is Rated 3.8 / 5 based on 33 customer reviews
Kotak Securities is Rated 2.4 / 5 based on 180 customer reviews
Contact Broker / Request A Call Back
SMC Global Enquire
Kotak Securities Enquire
Contact Broker
Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.
Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.
SMC Global Vs Kotak Securities NRI Investment Options
SMC Global
Kotak Securities
Stocks
Initial Public Offers (IPO)
Mutual Funds
Other Investment Options
Debt Funds, Bonds, ETF, Insurance
SMC Global Vs Kotak Securities NRI Customer Service
SMC Global
Kotak Securities
Customer Care Number
+91-11-25754371, 91- 9650988009
022 6689 6000, 022 6652 9191
Customer Care Email
nridesk@smcindiaonline.com
nricustomerservice@kotak.com
SMC Global Vs Kotak Securities Order Type Offered for NRI Account
SMC Global
Kotak Securities
Bracket Order
Cover Order
After Market Order(AMO)
Good Till Cancelled (GTC)
SMC Global Vs Kotak Securities - NRI Account Advantages and Disadvantages
SMC Global
Kotak Securities
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.
Offers integrated 3-in-1 Trinity account for fast and smooth trading experience.
Part of the reputed Kotak group
Branch offices in New York, London, Dubai, Singapore, and Mauritius.
AMO and GTC order types make it easy for NRIs to place orders at any time.
A dedicated research team for expert advice and recommendations
Offers a range of advanced online trading platforms and tools.
Offers online mutual fund, IPO and NCD investment facility.
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.
The brokerage charges are higher in comparison to discount stock brokers like Zerodha and Prostocks. Kotak brokerage charges for equity delivery us 1% whereas Prostocks charges fixed Rs 100 per order. So, if your trade value is Rs 1 lakh, you pay a brokerage of Rs 1000 with Kotak whereas Prostocks will charge you just Rs 100.
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.
Kotak Securities is a full-service broker. It offers convenient stock trading and investment to NRI's through its 3-in-1 account. In addition, you get advanced trading software, researched advice and dedicated RM assistance. Kotak Sec brokerage charges are on the higher side. Kotak Sec has offices in New York, London, Dubai, Singapore, and Mauritius which makes it easy for NRIs based in these locations to avail services or get grievances redressed locally.
Promo / Offers
Zerodha (India's Best & No. 1 Broker)
Special Offer - Free Equity Delivery and Mutual Funds