SMC Global Vs Religare NRI Account Comparison

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

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

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

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SMC Global Vs Religare

  SMC Global Religare
 
SMC Global Limited Logo Religare 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 Religare Broking offers trading and investment services to NRIs. It offers NRI Trading and NRI Demat Accounts. This 2-in-1 account provides NRIs with access to BSE & NSE to trade across Equities, Equity Derivatives, IPOs, and Mutual Funds. Religareo... Know more about Religare
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 Religare. Leave your contact info and we will get in touch with you.
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SMC Global Vs Religare Charges

  SMC Global Religare
NRI Account Opening Fees ₹1000
NRI Account AMC ₹0
NRI Demat Account Opening Fees ₹499 Nil
NRI Demat Account AMC ₹300 ₹400 from second year onward
PIS Account AMC NA NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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SMC Global Vs Religare NRI Account Brokerage Comparison

Brokerage Plan

  SMC Global Religare
Account Type NRI Account NRI Account
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 ODIN Diet: ₹999 per year
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 Religare NRI Account Taxes/Fees

  SMC Global Religare
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 Religare NRI Account Exposure Margin

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

  SMC Global Religare
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 Religare NRI Account Review

  SMC Global Religare
  15 Customer Reviews    Rate SMC Global 75 Customer Reviews    Rate Religare
Fees 3.9 3.1
Brokerage 3.2 3.1
Trading Platform 3.9 3.0
Customer Service 3.7 2.9
Overall Rating Rated 3.7 stars Rated 2.9 stars
Broker Rating SMC Global is Rated 3.7 / 5 based on 15 customer reviews Religare is Rated 2.9 / 5 based on 75 customer reviews
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Contact Broker / Request A Call Back

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

  SMC Global Religare
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 Religare NRI Customer Service

  SMC Global Religare
Customer Care Number +91-11-25754371, 91- 9650988009 0120 6130300
Customer Care Email nridesk@smcindiaonline.com wecare@religareonline.com
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SMC Global Vs Religare Order Type Offered for NRI Account

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

  SMC Global Religare
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.
  • Dedicated NRI Invest team and relationship managers to all NRIs.
  • Free research, recommendation and trading tips to NRIs.
  • NRIs can hedge the portfolio risk using futures and options trading facility.
  • Offers Mutual Fund services to NRIs
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.
  • Brokerage charges are higher in comparison to discount brokers like Zerodha, Tradejini , and Prostocks.
  • Religare doesn't offer automated trading to the investors.
  • Doesn't offer 3-in-1 accounts which means more paperwork for NRIs in opening bank accounts & PIS separately. Also, funds need to be transferred to the PIS enabled bank account before 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.

Religare Broking Ltd is a good choice for NRIs who wants trading assistance as well as access to research reports to gain market insights. It has a dedicated research team that publishes incisive research reports to keep you updated on the latest trends in the economy and markets. It also offers good trading platforms with useful features like multiple stock tracking, instant order execution, and real-time streaming of quotes.

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SMC Global Vs Religare - More Reviews

  SMC Global Religare
NRI Trading Review SMC Global NRI Account Review Religare NRI Account Review
Enquire SMC Global Enquire Religare
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