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.
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...
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...
Account Type
NRI Account
NRI Investment 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 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
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
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%
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)
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 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.
SMC Global and Motilal Oswal NRI Account Features
SMC Global
Motilal Oswal
3-in-1 Account
Automated Trading
Free Research And Tips
Other Features
SMC Global Vs Motilal Oswal NRI Account Review
SMC Global Review
Motilal Oswal Review
33 Customer Reviews
127 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Overall Rating
Broker Rating
SMC Global is Rated 3.8 / 5 based on 33 customer reviews
Motilal Oswal is Rated 2.3 / 5 based on 127 customer reviews
Contact Broker / Request A Call Back
SMC Global Enquire
Motilal Oswal 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 Motilal Oswal NRI Investment Options
SMC Global
Motilal Oswal
Stocks
Initial Public Offers (IPO)
Mutual Funds
Other Investment Options
Debt Funds, Bonds, ETF, Insurance
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
SMC Global Vs Motilal Oswal Order Type Offered for NRI Account
SMC Global
Motilal Oswal
Bracket Order
Cover Order
After Market Order(AMO)
Good Till Cancelled (GTC)
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.
Full-service broker with a range of trading & investment services.
A strong research team that provides investment advice and trade recommendations.
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.
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.
It doesn't have offices in any foreign locations.
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
Zerodha (India's Best & No. 1 Broker)
Special Offer - Free Equity Delivery and Mutual Funds