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Wisdom Capital Vs SBI Securities NRI Account Comparison

The side-by-side comparison of Wisdom Capital and SBI Securities NRI Account. Compare Wisdom Capital Vs SBI Securities NRI Account brokerage charges, exposure margin, demat account and AMC. Read SBI Securities and Wisdom Capital NRI Account reviews.

Find out Wisdom Capital Vs SBI Securities which is better NRI Trading Account. See Wisdom Capital Vs SBI Securities which is best NRI Demat Account.

Our Wisdom Capital comparison with SBICAP Securities Ltd highlights the major differences between two brokers. Find the best between Wisdom Capital and SBI Securities NRI Account.

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Wisdom Capital Vs SBI Securities

  Wisdom Capital SBI Securities
 
  Wisdom Capital Logo SBICAP Securities Ltd Logo
About the Broker Wisdom Capital is an online discount broker in India. The broker offers trading and Demat account services to residents as well as NRIs. Wisdom Capital is an online brand of Ashlar Securities. The company is registered under FATCA of the USA and allo... Know more about Wisdom Capital State Bank of India (SBI) offers a range of trading and investment services to NRIs through an NRI 3 in 1 account. The account helps NRIs to trade and invest in Equity, Derivatives, Mutual Funds, Depository services, and a variety of Third Party Dist... Know more about SBICAP Securities Ltd
Account Type NRI Trading 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.


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Wisdom Capital Vs SBI Securities Charges

  Wisdom Capital SBI Securities
NRI Account Opening Fees ₹2500
NRI Account AMC ₹0
NRI Demat Account Opening Fees Rs 0 (Free) Rs 0
NRI Demat Account AMC Rs 999 (Lifetime) Rs 350
PIS Account AMC NA ₹900
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST

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Wisdom Capital Vs SBI Securities NRI Account Brokerage Comparison

Account Type Wisdom Capital NRI Trading SBI Securities NRI Account
Equity Delivery 0.75%
Equity Futures
Equity Options

Other Charges

Contract Note Reporting Charges NA ₹0
Other Brokerage Charges
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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Wisdom Capital Vs SBI Securities NRI Account Taxes/Fees

  Wisdom Capital SBI 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)
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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Wisdom Capital Vs SBI Securities NRI Account Margin

  Wisdom Capital Margin SBI 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.


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Wisdom Capital and SBI Securities NRI Account Features

  Wisdom Capital SBI Securities
3-in-1 Account No Yes
Automated Trading Yes No
Free Research And Tips Yes Yes
Other Features

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Wisdom Capital Vs SBI Securities NRI Account Review

  Wisdom Capital Review SBI Securities Review
  30 Customer Reviews    Rate Wisdom Capital 154 Customer Reviews    Rate SBI Securities
Fees 4.0 3.1
Brokerage 4.2 2.7
Trading Platform 3.3 2.6
Customer Service 3.4 2.8
Overall Rating Rated 3.6 stars Rated 2.5 stars
Broker Rating Wisdom Capital is Rated 3.6 / 5 based on 30 customer reviews SBI Securities is Rated 2.5 / 5 based on 154 customer reviews

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Contact Broker / Request A Call Back

  Wisdom Capital Enquire SBI 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.
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Wisdom Capital Vs SBI Securities NRI Investment Options

  Wisdom Capital SBI Securities
Stocks Yes Yes
Initial Public Offers (IPO) No Yes
Mutual Funds Yes Yes
Other Investment Options Derivatives, FD

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Wisdom Capital Vs SBI Securities NRI Customer Service

  Wisdom Capital SBI Securities
Customer Care Number 1800-123-9343 +91 22 6153 6900
Customer Care Email accounts@wisdomcapital.in nri@sbicapsec.com

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Wisdom Capital Vs SBI Securities Order Type Offered for NRI Account

  Wisdom Capital SBI Securities
Bracket Order Yes Yes
Cover Order Yes Yes
After Market Order(AMO) No Yes
Good Till Cancelled (GTC) No No

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Wisdom Capital Vs SBI Securities - NRI Account Advantages and Disadvantages

  Wisdom Capital SBI Securities
Pros
  • Wisdom Capital brokerage is lower than the full-service brokers.
  • Offers expert investment advisory services.
  • Dedicated online Live Support.
  • Wisdom Capital Trading School course for the investors to understand stock market concepts and trading.
  • NRIs are allowed to open the NRI bank account with any bank and link it with Wisdom Capital NRI trading and Demat account.
  • Omnesys NEST is offered as the trading platform.
  1. The largest bank in India with the highest number of branches.
  2. Offer 3 in 1 account for convenient online trading
  3. Free expert recommendations on trading & investments
  4. Assistance from Relationship Managers
  5. SBI securities NRI opening fees are lowest among full-service brokers.
  6. Mutual fund services are available to NRIs who don't have a trading account.
Cons
  • Doesn't offer the facility to invest in IPOs and NCDs.
  • Doesn't offer a 3-in-1 NRI trading account. NRIs have to open a bank account with 3rd party.
  1. Only Equity-based mutual funds are available for online investment. For other types of Mutual Funds, NRIs can only apply using a physical form.
  2. The brokerage rates are higher when compared with discount brokers like Zerodha and Prostocks.
  3. Doesn't offer Good-till canceled (GTC) order.
Conclusion

Wisdom Capital is an online broker with very little investment in technology. This makes it difficult for Wisdom Capital to compete with other discount stock brokers including Zerodha, 5Paisa, Upstox, and ProStocks, etc. Except for investment advisory and trading courses, Wisdom doesn't have any unique selling point.

SBI has one of the largest branch networks among Indian banks in the world. This helps NRIs in availing in-person services on their country or city of residence. The brokerage rates charged by the company are competitive among full-service brokers. The 3-in-1 account, online trading, free research and advisory, Mutual Fund, FD and IPO investment make them attractive to most NRIs.

Promo / Offers

Zerodha (India's Best & No. 1 Broker)

  Special Offer - Free Equity Delivery and Mutual Funds

  • Brokerage-free equity delivery trades.
  • Brokerage-free Direct Mutual Fund.
  • Pay ₹20 per trade for Intraday & F&O.
  • The best trading platform in India.

Open Instant Demat Account Read Reviews

Zerodha (India's Best & No. 1 Broker)

  Special Offer - Free Equity Delivery and Mutual Funds

  • Brokerage-free equity delivery trades.
  • Brokerage-free Direct Mutual Fund.
  • Pay ₹20 per trade for Intraday & F&O.
  • The best trading platform in India.

Open Instant Demat Account Read Reviews

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