The side-by-side comparison of SMC Global and Zerodha NRI Account. Compare SMC Global Vs Zerodha NRI Account brokerage charges, exposure margin, demat account and AMC. Read Zerodha and SMC Global NRI Account reviews.
Find out SMC Global Vs Zerodha which is better NRI Trading Account. See SMC Global Vs Zerodha which is best NRI Demat Account.
Our SMC Global Limited comparison with Zerodha highlights the major differences between two brokers. Find the best between SMC Global and Zerodha NRI Account.
SMC Global | Zerodha | |
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Account Type | NRI Account | NRI Account |
Equity Delivery | 0.50% | 0.1% or max ₹200 per trade |
Equity Futures | 0.05% | ₹100 per trade |
Equity Options | ₹75 per lot | ₹100 per trade |
Contract Note Reporting Charges | NA | NA |
Other Brokerage Charges | Demat AMC: ₹1180, Min Brokerage: ₹20 | Demat Account AMC: ₹300 yearly |
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 | Zerodha | |
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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 | Zerodha | |
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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 | Zerodha | |
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Contact Broker |
SMC Global | Zerodha | |
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Pros |
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Cons |
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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. |
Zerodha comes across as a decent choice for NRIs looking to invest in stock markets in India and want to save on brokerage. The company offers best-in-the-industry trading platforms and tools. However, NRIs have to open bank accounts with HDFC Bank, IndusInd Bank, IDFC FIRST Bank and Axis Bank to open a Zerodha NRI account. It also doesn't offer mutual fund investment services to NRIs. It charges a low flat-fee brokerage which makes it an attractive choice for NRIs. |
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