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SMC Global Vs Sharekhan NRI Account Comparison

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

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

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

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SMC Global Vs Sharekhan

  SMC Global Sharekhan
 
  SMC Global Limited Logo Sharekhan 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 Sharekhan, a leading full-service broker in India, offers NRI Stock Trading and Demat accounts to NRI, PIO and OCI customers. Sharekhan offers a 3-in-1 NRI Trading account in partnership with Axis, Indusind, IDBI and HDFC Bank. This account comprises... Know more about Sharekhan
Account Type NRI Account Sharekhan NRI Account
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SMC Global Vs Sharekhan Charges

  SMC Global Sharekhan
NRI Account Opening Fees ₹1000 ₹2000
NRI Account AMC ₹0 ₹3000
NRI Demat Account Opening Fees Rs 499 Rs 0 (Free)
NRI Demat Account AMC Rs 300 Rs 400 (Free for 1st year)
PIS Account AMC NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
Enquire SMC GlobalEnquire Sharekhan

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SMC Global Vs Sharekhan NRI Account Brokerage Comparison

Account Type SMC Global NRI Account Sharekhan Sharekhan NRI Account
Equity Delivery 0.50% 0.50%
Equity Futures 0.05% 0.1% on first leg and 0.02% on second leg
Equity Options ₹75 per lot ₹250 per contract note
Enquire SMC GlobalEnquire Sharekhan

Other Charges

Contract Note Reporting Charges NA
Other Brokerage Charges Demat AMC: ₹1180, Min Brokerage: ₹20 PIS Acct AMC: ₹1000
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 Sharekhan NRI Account Taxes/Fees

  SMC Global Sharekhan
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 Sharekhan NRI Account Margin

  SMC Global Margin Sharekhan 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 Sharekhan NRI Account Features

  SMC Global Sharekhan
3-in-1 Account No No
Automated Trading No No
Free Research And Tips Yes Yes
Other Features Call & Trade, Dedicated Relationship Manager, Branch Support
Enquire SMC GlobalEnquire Sharekhan

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SMC Global Vs Sharekhan NRI Account Review

  SMC Global Review Sharekhan Review
  30 Customer Reviews    Rate SMC Global 305 Customer Reviews    Rate Sharekhan
Fees 3.8 3.0
Brokerage 3.7 2.8
Trading Platform 3.9 3.7
Customer Service 4.0 3.3
Overall Rating Rated 4.0 stars Rated 3.3 stars
Broker Rating SMC Global is Rated 4.0 / 5 based on 30 customer reviews Sharekhan is Rated 3.3 / 5 based on 305 customer reviews
Enquire SMC GlobalEnquire Sharekhan

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Contact Broker / Request A Call Back

  SMC Global Enquire Sharekhan Enquire
Contact Broker Leave your contact information and we will get in touch with you....
Rs 0 Account Opening Charges + FREE Stock Tips & Research + 1 Year Free Access to TradeTiger Trading Terminal Request a Callback.
*

SMC Global Vs Sharekhan NRI Investment Options

  SMC Global Sharekhan
Stocks Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Other Investment Options Debt Funds, Bonds, ETF, Insurance PMS, Wealth Management

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SMC Global Vs Sharekhan NRI Customer Service

  SMC Global Sharekhan
Customer Care Number +91-11-25754371, 91- 9650988009 +91 022 6518500
Customer Care Email nridesk@smcindiaonline.com nridesk@sharekhan.com
Enquire SMC GlobalEnquire Sharekhan

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SMC Global Vs Sharekhan Order Type Offered for NRI Account

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

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SMC Global Vs Sharekhan - NRI Account Advantages and Disadvantages

  SMC Global Sharekhan
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. One of the largest stock brokers in India.
  2. Easy trading experience for NRI with 3 in 1 account.
  3. Offers advanced trading platforms in desktop, mobile, and web versions.
  4. Offers online Mutual Funds, IPOs and Bonds.
  5. Offers PMS services for wealth management
  6. A dedicated relationship manager to each NRI customer.
  7. Offers hand holding to beginners in the stock market.
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. 3 in 1 account facility is only available with select banks (Axis, HDFC, IDBI, and Indusind)
  2. Brokerage and account opening charges are higher when compared to other full-service brokers.
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.

Sharekhan is a good choice as a stock broker for NRIs. It offers a full range of financial services to NRIs including a hassle-free 3-in-1 trading account, research services, investments in Mutual Funds, IPOs, NCDs and also PMS. GTC and AMO order along with Call & Trade facility help NRIs to place orders in their convenient timings.

Promo / Offers

Rs 0 Account Opening (for a limited time only)

  • Get FREE Account Opening.
  • FREE Research courage across all segments.
  • 1 Year FREE access to TradeTiger Trading Terminal.

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

Enquire SMC GlobalEnquire Sharekhan

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