The side-by-side comparison of Wisdom Capital and Zerodha NRI Account. Compare Wisdom Capital Vs Zerodha NRI Account brokerage charges, exposure margin, demat account and AMC. Read Zerodha and Wisdom Capital NRI Account reviews.
Find out Wisdom Capital Vs Zerodha which is better NRI Trading Account. See Wisdom Capital Vs Zerodha which is best NRI Demat Account.
Our Wisdom Capital comparison with Zerodha highlights the major differences between two brokers. Find the best between Wisdom Capital and Zerodha NRI Account.
Wisdom Capital | Zerodha | |
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Account Type | NRI Trading | NRI Account |
Equity Delivery | 0.1% or max ₹200 per trade | |
Equity Futures | ₹100 per trade | |
Equity Options | ₹100 per trade |
Contract Note Reporting Charges | NA | NA |
Other Brokerage Charges | 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% |
Wisdom Capital | 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. |
Wisdom Capital | Zerodha | |
---|---|---|
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.
Wisdom Capital | Zerodha | |
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Contact Broker |
Wisdom Capital | Zerodha | |
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Conclusion |
Wisdom Capital is an online broker with very little investment in technology. This makes it difficult for Wisdom Capital to compete with other discount stock brokers including Zerodha, 5Paisa, Upstox, and ProStocks, etc. Except for investment advisory and trading courses, Wisdom doesn't have any unique selling point. |
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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