Sharekhan Vs IIFL NRI Account Comparison

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

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

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

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Sharekhan Vs IIFL

  Sharekhan IIFL
 
Sharekhan Logo IIFL Securities Limited 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 Limited
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. Leave your contact info and we will get in touch with you.
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Sharekhan Vs IIFL Charges

  Sharekhan IIFL
NRI Account Opening Fees ₹2000 ₹750
NRI Account AMC ₹3000 ₹400 + GST
NRI Demat Account Opening Fees ₹0 (Free) ₹555
NRI Demat Account AMC ₹400 (Free for 1st year) ₹ 400 (One time)
PIS Account AMC NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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Sharekhan Vs IIFL NRI Account Brokerage Comparison

Brokerage Plan

  Sharekhan IIFL
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 NRI Account Taxes/Fees

  Sharekhan IIFL
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 ₹15 per Crore ₹15 per 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 NRI Account Exposure Margin

  Sharekhan IIFL
Equity Delivery 1x (100%)
Equity Futures 1x (100%)
Equity Options 1x (100%)
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Sharekhan and IIFL NRI Account Feature Comparison

  Sharekhan IIFL
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 NRI Account Review

  Sharekhan IIFL
  285 Customer Reviews    Rate Sharekhan 109 Customer Reviews    Rate IIFL
Fees 3.1 2.8
Brokerage 2.9 2.6
Trading Platform 3.7 3.3
Customer Service 3.4 2.7
Overall Rating Rated 3.3 stars Rated 2.7 stars
Broker Rating Sharekhan is Rated 3.3 / 5 based on 285 customer reviews IIFL is Rated 2.7 / 5 based on 109 customer reviews
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Contact Broker / Request A Call Back

  Sharekhan IIFL
Contact Broker
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Sharekhan Vs IIFL NRI Investment Options

  Sharekhan IIFL
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 NRI Customer Service

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

  Sharekhan IIFL
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 - NRI Account Advantages and Disadvantages

  Sharekhan IIFL
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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