Aditya Birla Money Vs Trustline NRI Account Comparison

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

Find out Aditya Birla Money Vs Trustline which is better NRI Trading Account. See Aditya Birla Money Vs Trustline which is best NRI Demat Account.

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

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Aditya Birla Money Vs Trustline

  Aditya Birla Money Trustline
 
Aditya Birla Money Ltd Logo Trustline Securities Ltd Logo
About the Broker Aditya Birla Capital Limited (ABCL) is a well-known financial services company offering trading, insurance, and mutual funds, etc. to non-resident Indians. Aditya Birla Money Ltd (ABML), a subsidiary of Aditya Birla Capital, offers stock broking serv... Know more about Aditya Birla Money Ltd 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
Broker Enquiry Open an Online Trading Account with Aditya Birla Money. 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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Aditya Birla Money Vs Trustline Charges

  Aditya Birla Money Trustline
NRI Account Opening Fees ₹750 ₹0
NRI Account AMC ₹450 ₹1000 + GST
NRI Demat Account Opening Fees Nil Regular: ₹0, Lifetime Free AMC: ₹1000
NRI Demat Account AMC ₹436 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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Aditya Birla Money Vs Trustline NRI Account Brokerage Comparison

Brokerage Plan

  Aditya Birla Money Trustline
Account Type
Equity Delivery 0.03 (3 paise)
Equity Futures 0.30 (30 paise)
Equity Options ₹75 per lot

Other Charges

Contract Note Reporting Charges ₹25 for BSE | ₹50 for NSE ₹0
Other Brokerage Charges
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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Aditya Birla Money Vs Trustline NRI Account Taxes/Fees

  Aditya Birla Money 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 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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Aditya Birla Money Vs Trustline NRI Account Exposure Margin

  Aditya Birla Money Trustline
Equity Delivery
Equity Futures
Equity Options
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Aditya Birla Money and Trustline NRI Account Feature Comparison

  Aditya Birla Money Trustline
3-in-1 Account No No
Automated Trading No No
Free Research And Tips No Yes
Other Features
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Aditya Birla Money Vs Trustline NRI Account Review

  Aditya Birla Money Trustline
  13 Customer Reviews    Rate Aditya Birla Money 1 Customer Reviews    Rate Trustline
Fees 2.8 4.0
Brokerage 3.1 3.0
Trading Platform 2.5 4.0
Customer Service 2.8 4.0
Overall Rating Rated 2.7 stars Rated 4.0 stars
Broker Rating Aditya Birla Money is Rated 2.7 / 5 based on 13 customer reviews Trustline is Rated 4.0 / 5 based on 1 customer reviews
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Contact Broker / Request A Call Back

  Aditya Birla Money Trustline
Contact Broker
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Aditya Birla Money Vs Trustline NRI Investment Options

  Aditya Birla Money Trustline
Stocks Yes Yes
Initial Public Offers (IPO) Yes No
Mutual Funds Yes Yes
Other Investment Options
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Aditya Birla Money Vs Trustline NRI Customer Service

  Aditya Birla Money Trustline
Customer Care Number 18002707000 (0120) 4613-888
Customer Care Email helpdesk@trustline.in
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Aditya Birla Money Vs Trustline Order Type Offered for NRI Account

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

  Aditya Birla Money Trustline
Pros
  • Part of Aditya Birla group, a financial services conglomerate
  • Provides a wide range of financial services under one roof
  • Offers research advice and stock recommendations
  • 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
  • Doesn't offer a 3-in-1 account and separate account opening increases the paperwork.
  • Doesn't offer an IPO investment option.
  • Robo advisory facility is not available.
  • 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

Aditya Birla Capital is a well-known name when it comes to financial services. However, when it comes to trading & investment services for NRIs it doesn't measure up to its reputation. The company doesn't have a major USP for NRIs. It doesn't offer 3-in-1 accounts. The choices in trading platforms are limited. There are many better options available in the market.

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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Aditya Birla Money Vs Trustline - More Reviews

  Aditya Birla Money Trustline
NRI Trading Review Aditya Birla Money NRI Account Review Trustline NRI Account Review
Enquire Aditya Birla Money Enquire Trustline
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