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SMC Global Vs Motilal Oswal NRI Account Comparison

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

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

Our SMC Global Limited comparison with Motilal Oswal Securities Ltd highlights the major differences between two brokers. Find the best between SMC Global and Motilal Oswal NRI Account.

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SMC Global Vs Motilal Oswal

  SMC Global Motilal Oswal
 
  SMC Global Limited Logo Motilal Oswal Securities Ltd 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 Motilal Oswal Financial Services Ltd (MOFSL) is a diversified financial service firm offering trading and investment services to NRIs. The company offers online trading services through a 2-in-1 account in Equity and Equity Derivatives to Non-Residen... Know more about Motilal Oswal Securities Ltd
Account Type NRI Account NRI Investment Account
Enquire SMC GlobalEnquire Motilal Oswal

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SMC Global Vs Motilal Oswal Charges

  SMC Global Motilal Oswal
NRI Account Opening Fees ₹1000
NRI Account AMC ₹0
NRI Demat Account Opening Fees Rs 499 Rs 0
NRI Demat Account AMC Rs 300 Free (Rs 400 2nd year onward)
PIS Account AMC NA NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
Enquire SMC GlobalEnquire Motilal Oswal

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SMC Global Vs Motilal Oswal NRI Account Brokerage Comparison

Account Type SMC Global NRI Account Motilal Oswal NRI Investment Account
Equity Delivery 0.50% 0.50%
Equity Futures 0.05%
Equity Options ₹75 per lot
Enquire SMC GlobalEnquire Motilal Oswal

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 Motilal Oswal NRI Account Taxes/Fees

  SMC Global Motilal Oswal
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 Motilal Oswal NRI Account Margin

  SMC Global Margin Motilal Oswal 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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SMC Global and Motilal Oswal NRI Account Features

  SMC Global Motilal Oswal
3-in-1 Account No No
Automated Trading No No
Free Research And Tips Yes Yes
Other Features
Enquire SMC GlobalEnquire Motilal Oswal

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SMC Global Vs Motilal Oswal NRI Account Review

  SMC Global Review Motilal Oswal Review
  30 Customer Reviews    Rate SMC Global 120 Customer Reviews    Rate Motilal Oswal
Fees 3.8 2.8
Brokerage 3.7 2.3
Trading Platform 3.9 3.0
Customer Service 4.0 2.6
Overall Rating Rated 4.0 stars Rated 2.4 stars
Broker Rating SMC Global is Rated 4.0 / 5 based on 30 customer reviews Motilal Oswal is Rated 2.4 / 5 based on 120 customer reviews
Enquire SMC GlobalEnquire Motilal Oswal

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Contact Broker / Request A Call Back

  SMC Global Enquire Motilal Oswal Enquire
Contact Broker Leave your contact information and we will get in touch with you....
Get Zero AMC for Lifetime (with Rs 25k margin or Rs 3k Value Pack) for limited time. Get the offer
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SMC Global Vs Motilal Oswal NRI Investment Options

  SMC Global Motilal Oswal
Stocks Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Other Investment Options Debt Funds, Bonds, ETF, Insurance

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SMC Global Vs Motilal Oswal NRI Customer Service

  SMC Global Motilal Oswal
Customer Care Number +91-11-25754371, 91- 9650988009
Customer Care Email nridesk@smcindiaonline.com
Enquire SMC GlobalEnquire Motilal Oswal

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SMC Global Vs Motilal Oswal Order Type Offered for NRI Account

  SMC Global Motilal Oswal
Bracket Order Yes
Cover Order Yes
After Market Order(AMO) Yes
Good Till Cancelled (GTC) No

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SMC Global Vs Motilal Oswal - NRI Account Advantages and Disadvantages

  SMC Global Motilal Oswal
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.
  1. Full-service broker with a range of trading & investment services.
  2. A strong research team that provides investment advice and trade recommendations.
  3. Presence across 2,200 locations in over 500 cities in India.
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.
  1. MOSFL doesn't offer 3-in-1 account services. So, NRIs have to first transfer money from PIS account to trading account before placing an order.
  2. It doesn't have offices in any foreign locations.
  3. Brokerage is higher in comparison with discount stock brokers like Zerodha and Prostocks.
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.

Motilal Oswal is a popular name in the financial services industry in India. The company offers a range of online trading and investment services to NRIs. NRIs get free access to the trading platform and dedicated research team that provides market insights through published reports on the economy, market trends, and sectors. Higher brokerage makes it expensive for investors/traders who don't need advisory services.

Promo / Offers

Get Zero AMC for Lifetime

Motilal Oswal offers Zero AMC for Lifetime Demat Account (Rs 400 waived) with Rs 25k margin or Rs 3k prepaid value pack. Also avail Rs 3k woth of discount vouchers, Rs 1000 worth of Me-Gold, free access to research & advice and free use of trading platform.

This is a limited time offer. Simply leave your contact information with us and Motilal Oswal representatives will contact you.

Enquire SMC GlobalEnquire Motilal Oswal

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