SMC Global Vs Karvy NRI Account Comparison

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

Find out SMC Global Vs Karvy which is better NRI Trading Account. See SMC Global Vs Karvy which is best NRI Demat Account.

Our SMC Global Limited comparison with Karvy Stock Broking Ltd highlights the major differences between two brokers. Find the best between SMC Global and Karvy NRI Account.

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SMC Global Vs Karvy

  SMC Global Karvy
 
SMC Global Limited Logo Karvy Stock Broking Ltd Logo
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... Know more about SMC Global Limited Karvy has nearly two decades of experience in providing trading and investment services to NRIs. Non-resident Indians can invest in Equity, Equity SIP, Mutual Funds, NPS, NCD, Bonds, Structured Debenture Products and many more. Karvy is among the top... Know more about Karvy Stock Broking Ltd
Account Type NRI Account NRI E-invest
Broker Enquiry Open an Online Trading Account with SMC Global. Leave your contact info and we will get in touch with you.
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SMC Global Vs Karvy Charges

  SMC Global Karvy
NRI Account Opening Fees ₹1000 ₹2500
NRI Account AMC ₹0 ₹0
NRI Demat Account Opening Fees ₹499 ₹0
NRI Demat Account AMC ₹300 ₹420
PIS Account AMC NA NA
RBI approval for PIS (One time) ₹500 + GST ₹500 + GST
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SMC Global Vs Karvy NRI Account Brokerage Comparison

Brokerage Plan

  SMC Global Karvy
Account Type NRI Account NRI E-invest
Equity Delivery 0.50% 0.75%
Equity Futures 0.05%
Equity Options ₹75 per lot

Other Charges

Contract Note Reporting Charges NA NA
Other Brokerage Charges Demat AMC: ₹1180, Min Brokerage: ₹20 Minimum Brokerage: ₹75
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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SMC Global Vs Karvy NRI Account Taxes/Fees

  SMC Global Karvy
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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SMC Global Vs Karvy NRI Account Exposure Margin

  SMC Global Karvy
Equity Delivery
Equity Futures
Equity Options
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SMC Global and Karvy NRI Account Feature Comparison

  SMC Global Karvy
3-in-1 Account No No
Automated Trading No No
Free Research And Tips Yes Yes
Other Features ESOP Trading, PAN Card
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SMC Global Vs Karvy NRI Account Review

  SMC Global Karvy
  15 Customer Reviews    Rate SMC Global 24 Customer Reviews    Rate Karvy
Fees 3.9 2.6
Brokerage 3.2 2.4
Trading Platform 3.9 2.7
Customer Service 3.7 2.2
Overall Rating Rated 3.7 stars Rated 2.0 stars
Broker Rating SMC Global is Rated 3.7 / 5 based on 15 customer reviews Karvy is Rated 2.0 / 5 based on 24 customer reviews
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Contact Broker / Request A Call Back

  SMC Global Karvy
Contact Broker
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SMC Global Vs Karvy NRI Investment Options

  SMC Global Karvy
Stocks Yes Yes
Initial Public Offers (IPO) Yes Yes
Mutual Funds Yes Yes
Other Investment Options Debt Funds, Bonds, ETF, Insurance ETF, Bonds, Government securities or treasury bills
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SMC Global Vs Karvy NRI Customer Service

  SMC Global Karvy
Customer Care Number +91-11-25754371, 91- 9650988009 +91 40 3321 7148
Customer Care Email nridesk@smcindiaonline.com nridesk@karvy.com
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SMC Global Vs Karvy Order Type Offered for NRI Account

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

  SMC Global Karvy
Pros
  • NRIs doesn't require separate Custodial Account to trade in Equity Derivatives as SMC is a registered clearing member who can get CP code for and clear the trades. This offers a huge saving for NRIs.
  • Provides research and recommendation tips based on technical analysis.
  • NRIs can trade and invest through mobile, software and web browser
  • Dedicated relationship manager to assist the NRIs in account opening to investing process.
  • SMC is a full-service broker offering a wide range of products and services.
  • Over 2 decades of experience offering NRI services.
  • Provides ESOP Trading facility.
  • A dedicated and specialized research team.
  • One-stop solution for trading and investing.
  • A team of relationship managers to provide an assisted trading facility.
Cons
  • Offers NRI trading services only to NRIs who have bank accounts with Yes, Axis, HDFC, Indusind, or Federal Bank account holders.
  • It offers 2-in-1 account means NRIs have to open an NRI bank account and PIS with other banks. It also means that they have to transfer funds in their PIS account before trading.
  • Good Till Date/Time (GTD) and Good Till Cancelled (GTC) orders are not available.
  • It doesn't offer a 3-in-1 account. And, NRIs have to open a separate savings bank account and complete the paperwork.
  • Karvy charges turnover based brokerage at 0.75%. The brokerage charges are higher when compared with fixed-fee brokerage charged by discount brokers like Zerodha and Prostocks. The brokerage charged by Prostocks is ₹100 per order.
Conclusion

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.

Karvy is a full-service broker that provides stock, derivatives and mutual fund investment. It has a dedicated research team that provides stock recommendations. The Karvy desktop trading platform facilitates a 3D analysis of the stocks to help the investors in making the right investment decision. Karvy also provides relationship manager (RM) assistance to help the NRIs build a strong investment portfolio as per their risk appetite and financial goals.

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SMC Global Vs Karvy - More Reviews

  SMC Global Karvy
NRI Trading Review SMC Global NRI Account Review Karvy NRI Account Review
Enquire SMC Global
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