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Sharekhan Vs IIFL Securities NRI Account Comparison

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

Find out Sharekhan Vs IIFL Securities which is better NRI Trading Account. See Sharekhan Vs IIFL Securities which is best NRI Demat Account.

Our Sharekhan comparison with IIFL Securities Ltd highlights the major differences between two brokers. Find the best between Sharekhan and IIFL Securities NRI Account.

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Sharekhan Vs IIFL Securities

  Sharekhan IIFL Securities
 
Sharekhan Logo IIFL Securities Ltd Logo
About the Broker 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 IIFL Securities is a full-service broker offering online trading services to NRIs. It offers 2-in-1 accounts, combining demat and trading accounts, to NRIs. The 2-in-1 account enables trading across stocks, equity derivatives and investments in Mutua... Know more about IIFL Securities Ltd
Account Type Sharekhan NRI Account NRI Account
Broker Enquiry Open an Online Trading Account with Sharekhan. Leave your contact info and we will get in touch with you. Open an Online Trading Account with IIFL Securities. Leave your contact info and we will get in touch with you.
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Sharekhan Vs IIFL Securities Charges

  Sharekhan IIFL Securities
NRI Account Opening Fees ₹2000 ₹750
NRI Account AMC ₹3000 ₹400 + GST
NRI Demat Account Opening Fees Rs 0 (Free) Rs 0
NRI Demat Account AMC Rs 400 (Free for 1st year) Rs 250 (Free for 1st year)
PIS Account AMC NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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Sharekhan Vs IIFL Securities NRI Account Brokerage Comparison

Brokerage Plan

  Sharekhan IIFL Securities
Account Type Sharekhan NRI Account NRI Account
Equity Delivery 0.50% 0.50%
Equity Futures 0.1% on first leg and 0.02% on second leg
Equity Options ₹250 per contract note

Other Charges

Contract Note Reporting Charges NA
Other Brokerage Charges 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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Sharekhan Vs IIFL Securities NRI Account Taxes/Fees

  Sharekhan IIFL 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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Sharekhan Vs IIFL Securities NRI Account Exposure Margin

  Sharekhan IIFL Securities
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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Sharekhan and IIFL Securities NRI Account Feature Comparison

  Sharekhan IIFL Securities
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
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Sharekhan Vs IIFL Securities NRI Account Review

  Sharekhan IIFL Securities
  303 Customer Reviews    Rate Sharekhan 119 Customer Reviews    Rate IIFL Securities
Fees 3.0 2.8
Brokerage 2.8 2.6
Trading Platform 3.7 3.2
Customer Service 3.3 2.7
Overall Rating Rated 3.3 stars Rated 2.7 stars
Broker Rating Sharekhan is Rated 3.3 / 5 based on 303 customer reviews IIFL Securities is Rated 2.7 / 5 based on 119 customer reviews
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Contact Broker / Request A Call Back

  Sharekhan IIFL Securities
Contact Broker
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Sharekhan Vs IIFL Securities NRI Investment Options

  Sharekhan IIFL Securities
Stocks Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Other Investment Options PMS, Wealth Management
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Sharekhan Vs IIFL Securities NRI Customer Service

  Sharekhan IIFL Securities
Customer Care Number +91 022 6518500 +91 22 4007 1000
Customer Care Email nridesk@sharekhan.com cs@iifl.com
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Sharekhan Vs IIFL Securities Order Type Offered for NRI Account

  Sharekhan IIFL Securities
Bracket Order Yes No
Cover Order Yes No
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) Yes No
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Sharekhan Vs IIFL Securities - NRI Account Advantages and Disadvantages

  Sharekhan IIFL Securities
Pros
  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.
  • Full-service broker with a dedicated relationship manager, research reports and a wide range of products & services.
  • Online account opening process for NRIs.
  • Convenient Mutual Fund investment through a mobile app or website.
  • Part of IIFL Group, a financial services conglomerate.
Cons
  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.
  • Charges high brokerage as compared to discount brokers such as Zerodha and ProStocks.
  • Doesn't offer an NRI 3-in-1 account. NRIs have to open an NRI bank account and custodian account on their own.
Conclusion

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.

IIFL is a reputed full-service broker. It offers NRI Trading & Demat account facility for NRIs. IIFL also offers an online mutual fund platform to NRIs. IIFL Securities has a dedicated research team that provides insights on the economy and markets to its customers. The company has its offices in multiple locations across the globe that allows NRIs to avail branch services. The brokerage charges are on the higher side which makes it an expensive broker for NRIs.

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Sharekhan Vs IIFL Securities - More Reviews

  Sharekhan IIFL Securities
NRI Trading Review Sharekhan NRI Account Review IIFL Securities NRI Account Review
Enquire Sharekhan Enquire IIFL Securities
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