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Stoxkart Vs Sharekhan NRI Account Comparison

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

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

Our Stoxkart by SMC Global Securities Ltd comparison with Sharekhan highlights the major differences between two brokers. Find the best between Stoxkart and Sharekhan NRI Account.

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Stoxkart Vs Sharekhan

  Stoxkart Sharekhan
 
Stoxkart by SMC Global Securities Ltd Logo Sharekhan Logo
About the Broker Stoxkart is an online discount stock broker in India. The Delhi based broker offers trading and investment services to both resident and NRIs. Stoxkart offers 2-in-1 accounts to NRIs which includes trading and a demat account linked to each other. It... Know more about Stoxkart by SMC Global Securities Ltd 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 Sharekhan NRI Account
Broker Enquiry Open an Online Trading Account with Stoxkart. Leave your contact info and we will get in touch with you. Open an Online Trading Account with Sharekhan. Leave your contact info and we will get in touch with you.
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Stoxkart Vs Sharekhan Charges

  Stoxkart Sharekhan
NRI Account Opening Fees ₹590 ₹2000
NRI Account AMC ₹590 ₹3000
NRI Demat Account Opening Fees Rs 0 Rs 0 (Free)
NRI Demat Account AMC Rs 300 Rs 400 (Free for 1st year)
PIS Account AMC
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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Stoxkart Vs Sharekhan NRI Account Brokerage Comparison

Brokerage Plan

  Stoxkart Sharekhan
Account Type Sharekhan NRI Account
Equity Delivery ₹200 per executed order 0.50%
Equity Futures ₹200 per executed order 0.1% on first leg and 0.02% on second leg
Equity Options ₹200 per executed order ₹250 per contract note

Other Charges

Contract Note Reporting Charges
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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Stoxkart Vs Sharekhan NRI Account Taxes/Fees

  Stoxkart 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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Stoxkart Vs Sharekhan NRI Account Exposure Margin

  Stoxkart Sharekhan
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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Stoxkart and Sharekhan NRI Account Feature Comparison

  Stoxkart Sharekhan
3-in-1 Account No No
Automated Trading No No
Free Research And Tips No Yes
Other Features NRI Account for US and Canada based NRIs Call & Trade, Dedicated Relationship Manager, Branch Support
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Stoxkart Vs Sharekhan NRI Account Review

  Stoxkart Sharekhan
  3 Customer Reviews    Rate Stoxkart 303 Customer Reviews    Rate Sharekhan
Fees 3.3 3.0
Brokerage 4.7 2.8
Trading Platform 3.3 3.7
Customer Service 3.0 3.3
Overall Rating Rated 3.3 stars Rated 3.3 stars
Broker Rating Stoxkart is Rated 3.3 / 5 based on 3 customer reviews Sharekhan is Rated 3.3 / 5 based on 303 customer reviews
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Contact Broker / Request A Call Back

  Stoxkart Sharekhan
Contact Broker
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Stoxkart Vs Sharekhan NRI Investment Options

  Stoxkart Sharekhan
Stocks Yes Yes
Initial Public Offers (IPO) No Yes
Mutual Funds Yes Yes
Other Investment Options PMS, Wealth Management
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Stoxkart Vs Sharekhan NRI Customer Service

  Stoxkart Sharekhan
Customer Care Number +91 022 6518500
Customer Care Email nridesk@sharekhan.com
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Stoxkart Vs Sharekhan Order Type Offered for NRI Account

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

  Stoxkart Sharekhan
Pros
  1. Good online trading platforms
  2. Charges fixed brokerage of ₹200 per order across segments
  3. Offers POs & Mutual Fund services to NRI customers.
  4. Tie-up with Axis, HDFC, Yes and IndusInd banks for PIS
  5. Services also available for US and Canada based NRIs. Many brokers don't offer services to US and Canada based NRIs due to extra compliance.
  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
  1. Doesn't offer 3-in-1 accounts. Only offer trading and demat accounts. So, you have to first transfer funds from your PIS account to the Stoxkart trading account before trading.
  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

Stoxkart comes across as a good choice for NRIs looking to invest in stock markets in India. The company offers good proprietary and 3rd party trading platforms and tools. It offers IPO and mutual fund investment services to meet the varied investment needs of NRIs. A simple flat-fee brokerage model of ₹200 per order makes it an attractive proposition for high-volume NRI traders who would have paid a lot more brokerage with a traditional stock broker.

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
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Stoxkart Vs Sharekhan - More Reviews

  Stoxkart Sharekhan
NRI Trading Review Stoxkart NRI Account Review Sharekhan NRI Account Review
Enquire Stoxkart Enquire Sharekhan
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