India Infoline (IIFL) Vs SMC Global (Compare India Infoline (IIFL) and SMC Global)
The side-by-side comparison of India Infoline (IIFL) and SMC Global. Compare India Infoline (IIFL) Vs SMC Global brokerage, charges, exposure margin, demat account. Read SMC Global and India Infoline (IIFL) review.
Find out India Infoline (IIFL) Vs SMC Global which is better and India Infoline (IIFL) Vs SMC Global which is best.
Our India Infoline Limited comparison with SMC Global Limited highlights the major differences between two brokers. Find the best between India Infoline (IIFL) and SMC Global.
Incorporated in 1995, India Infoline (IIFL) is the brokerage firm of India Infoline Group, a fastest growing financial services solution provider in India. India Infoline is listed on BSE (532636) and NSE (INDIAINFO) for securities trading.
IIFL off...
Incorporated in 1994, SMC Global Limited is a leading financial services company in India offering services across brokerage, investment banking and wealth management.
SMC Global has a presense in India as well as internationally through office...
Type of Broker
Full Service Broker
Full Service Broker
Supported Exchnage
NSE, BSE, MCX
NSE, BSE, MCX, NCDEX
Account Type
Standard Account
Broker Enquiry
Year of Incorporation
Number of Branches
India Infoline (IIFL) Vs SMC Global Charges
India Infoline Limited
SMC Global Limited
Trading Account Opening Fees
₹750
Nil
Trading Account AMC
₹0
Nil
Demat Account Opening Fees
₹555
Rs 499
Demat Account AMC
₹ 555 (One time)
Rs 300
Demat Account is Mandatory?
No
No
India Infoline (IIFL) Vs SMC Global Brokerage
Brokerage Plan 1
India Infoline Limited
SMC Global Limited
Account Type
Standard Account
Fixed Charges
Equity Delivery Brokerage
0.50%
0.3%
Equity Intraday Brokerage
0.05%
0.03%
Equity Futures Brokerage
0.05%
0.03%
Equity Options Brokerage
1% of Premium or ₹100 per lot whichever is high
Rs.70 per lot
Currency Futures Trading Brokerage
Rs 25 per lot
0.03%
Currency Options Trading Brokerage
1% of Premium or ₹100 per lot whichever is high
Rs.20 per lot
Commodity Futures Trading Brokerage
0.05%
0.03%
Commodity Options Trading Brokerage
0.03%
Other Charges
Minimum Brokerage Charges
Rs 0.05 per share
Rs 25 per trade or 2.5% of the trade value whichever is lower
Other Brokerage Charges
Advisory SMS - Rs 50 per month
Call & Trade Charges
Rs 50 per call
India Infoline (IIFL) Vs SMC Global Taxes
India Infoline Limited
SMC Global Limited
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)
Currency Futures: Nil
Currency Options: Nil
Commodities: 0.01% on sell side (Non-Agri)
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)
Currency Futures: Nil
Currency Options: Nil
Commodities: 0.01% on sell side (Non-Agri)
Exchange Transaction Charges
Check table below
Check table below
SEBI Charges
Rs 15 per Crore
Rs 15 per Crore
Goods and Services Tax (GST)
18% on (brokerage + transaction charges)
18% on (brokerage + transaction charges)
Stamp Duty
Charged as per the state of the client's correspondence address.
Charged as per the state of the client's correspondence address.
India Infoline (IIFL) Vs SMC Global Transaction Charges
India Infoline Limited
SMC Global Limited
Equity Delivery
0.00325%
0.0035%
Equity Intraday
0.00325%
0.0035%
Equity Futures
0.0021%
0.0029%
Equity Options
0.051% on premium
0.065% (on premium)
Currency Futures
0.0021%
0.0029%
Currency Options
0.051% on premium
0.065% (on premium)
Commodity
0.0028%
0.0030%
India Infoline (IIFL) Vs SMC Global Exposure Margin
India Infoline Limited
SMC Global Limited
Equity Delivery
Upto 3x with 18% interest per year
Upto 3x
Equity Intraday
Upto 20x
Upto 10x Intraday
Equity Futures
Upto 3x
Upto 2x
Equity Options
3x for shorting
NA
Currency Futures
Upto 2x
NA
Currency Options
2x for shorting
NA
Commodity
Upto 3x
Upto 2x
India Infoline (IIFL) and SMC Global Feature Comparison
Zerodha
Zero Account Opening Fee