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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.
SMC Global | Sharekhan | |
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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... | 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... |
Account Type | NRI Account | Sharekhan NRI Account |
Special Offer | Zerodha (Flat Rs 20 Per Trade) 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 (Flat Rs 20 Per Trade) 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. |
SMC Global | Sharekhan | |
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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 |
Account Type | SMC Global NRI Account | Sharekhan Sharekhan NRI Account |
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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 |
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% |
SMC Global | Sharekhan | |
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Securities Transaction Tax (STT) |
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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. |
SMC Global Margin | Sharekhan Margin | |
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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. |
SMC Global | Sharekhan | |
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3-in-1 Account | ||
Automated Trading | ||
Free Research And Tips | ||
Other Features | Call & Trade, Dedicated Relationship Manager, Branch Support | |
SMC Global Enquire | Sharekhan Enquire | |
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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. |
SMC Global | Sharekhan | |
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Stocks | ||
Initial Public Offers (IPO) | ||
Mutual Funds | ||
Other Investment Options | Debt Funds, Bonds, ETF, Insurance | PMS, Wealth Management |
SMC Global | Sharekhan | |
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Customer Care Number | +91-11-25754371, 91- 9650988009 | +91 022 6518500 |
Customer Care Email | nridesk@smcindiaonline.com | nridesk@sharekhan.com |
SMC Global | Sharekhan | |
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Bracket Order | ||
Cover Order | ||
After Market Order(AMO) | ||
Good Till Cancelled (GTC) |
SMC Global | Sharekhan | |
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Pros |
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Cons |
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Conclusion
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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 | Zerodha (India's Best & No. 1 Broker)Special Offer - Free Equity Delivery and Mutual Funds
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Zerodha (India's Best & No. 1 Broker)Special Offer - Free Equity Delivery and Mutual Funds
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