Sharekhan Vs Trustline NRI Account Comparison

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

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

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

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Sharekhan Vs Trustline

  Sharekhan Trustline
 
Sharekhan Logo Trustline 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 Trustline Securities is a full-service broker offering trading and investment services in equity, F&O, mutual fund, FDs, and bonds to both resident and non-resident Indian investors. The broker offers customized investment solutions across wealth man... Know more about Trustline Securities Ltd
Account Type Sharekhan 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 Trustline. Leave your contact info and we will get in touch with you.
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Sharekhan Vs Trustline Charges

  Sharekhan Trustline
NRI Account Opening Fees ₹2000 ₹0
NRI Account AMC ₹3000 ₹1000 + GST
NRI Demat Account Opening Fees ₹0 (Free) Regular: ₹0, Lifetime Free AMC: ₹1000
NRI Demat Account AMC ₹400 (Free for 1st year) Regular Demat: ₹300, Lifetime free AMC Demat: ₹0
PIS Account AMC NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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Sharekhan Vs Trustline NRI Account Brokerage Comparison

Brokerage Plan

  Sharekhan Trustline
Account Type Sharekhan NRI Account
Equity Delivery 0.50% 0.03 (3 paise)
Equity Futures 0.1% on first leg and 0.02% on second leg 0.30 (30 paise)
Equity Options ₹250 per contract note ₹75 per lot

Other Charges

Contract Note Reporting Charges ₹0
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 Trustline NRI Account Taxes/Fees

  Sharekhan Trustline
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 Trustline NRI Account Exposure Margin

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

  Sharekhan Trustline
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 Trustline NRI Account Review

  Sharekhan Trustline
  285 Customer Reviews    Rate Sharekhan 1 Customer Reviews    Rate Trustline
Fees 3.1 4.0
Brokerage 2.9 3.0
Trading Platform 3.7 4.0
Customer Service 3.4 4.0
Overall Rating Rated 3.3 stars Rated 4.0 stars
Broker Rating Sharekhan is Rated 3.3 / 5 based on 285 customer reviews Trustline is Rated 4.0 / 5 based on 1 customer reviews
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Contact Broker / Request A Call Back

  Sharekhan Trustline
Contact Broker
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Sharekhan Vs Trustline NRI Investment Options

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

  Sharekhan Trustline
Customer Care Number +91 022 6518500 (0120) 4613-888
Customer Care Email nridesk@sharekhan.com helpdesk@trustline.in
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Sharekhan Vs Trustline Order Type Offered for NRI Account

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

  Sharekhan Trustline
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.
  • Offers web and mobile app-based NRI trading and investment platform.
  • Charges lower brokerage for investing in equity and equity derivatives.
  • Doesn't have a minimum brokerage charge which is good for small investors.
  • Offers research-based fundamental and technical analysis which helps in taking a better investment decision.
  • Allows US and Canada based NRIs to trade and invest in the stock market through Trustline trading forms.
  • Trustline works as a clearing and settlement member which reduces the overall cost for investors.
  • Facilitates IPO bidding for resident and non-resident Indian investors.
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.
  • Doesn't offer a 3-in-1 account which means NRIs cannot open all the accounts at a single platform. It also means NRIs have to first transfer funds to PIS account before placing orders.
  • Doesn't offer Bracket Order facility.
  • Doesn't offer AMO (After Market Order) and GTC (Good' Till Cancelled) orders for investors.
  • Allows only Axis bank to open NRI bank account.
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.

Trustline Securities is a good choice for both casual and frequent traders. The full-service broker offers depository services and research tips for NRIs. It also allows US and Canada based NRIs after filling FATCA and FEMA declaration form. The brokerage charges are quite low as compared to other full-service brokers in India. The broker also offers good web and mobile trading platforms in addition to a dedicated mobile app for mutual fund investments. Call n Trade facility and IPO application services are other features that make Trustline a good choice as an NRI stockbroker. The only major disadvantage with the broker is that it only allows Axis Bank accounts to be linked with its trading account. So, if you have Axis NRI bank accounts then its an excellent choice else you have to transfer your bank accounts to trade with Trustline.

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Sharekhan Vs Trustline - More Reviews

  Sharekhan Trustline
NRI Trading Review Sharekhan NRI Account Review Trustline NRI Account Review
Enquire Sharekhan Enquire Trustline
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