SBI Securities Vs SMC Global Demat Account Comparison

SBICAP Securities Ltd (SSL) is a 100% subsidiary of SBI Capital Markets Ltd which is one of the oldest players in the Indian Capital Market and has a dominant position in the Indian primary capital markets. SBI Capital Markets Ltd. commenced broking activities in March 2001 to fulfill the secondary market needs of Financial Institutions, FIIs, Mutual Funds, Banks, Corporates, High Network Industry, Non-residential Investors and Retail domestic investors. SBICAP Securities Ltd. (SSL) is a company, which has been formed to take over the broking operations of SBI Capital Markets Ltd. SSL commenced operations in the first quarter of financial year of 2006-2007.

SMC is a leading financial service provider in India offering services across brokerage, investment banking, wealth management, financing, depository services, insurance broking, clearing services, mortgage advisory and real estate advisory to corporate, institutional, high net worth individuals and other retail clients.

SMC India has customer base of over 16 lakhs customers and 50 branches & 2400+ registered sub brokers and authorized persons spread across 500+ cities.

Marathon Futurex, 12th Floor,
A & B Wing N. M. Joshi Marg, Lower Parel,
Mumbai Maharashtra India - 400013

17, Netaji Subhash Marg,
Opp. Golcha Cinema, Daryaganj,
New Delhi, Delhi, India 110002

Institution Equity, Retail Equity, Derivatives, Broking, Depository Participant services, E-Broking and Currency Derivatives

Broking (Equity, Commodity & Currency Derivatives) at BSE, NSE and MCX, Mutual Funds & IPO, NBFC, Online Trading, Wealth Management, Investment Banking, Insurance, Real Estate, Research, Depository Participant CDSL & NSDL

Rs 850

Nil.

1. Individual Account: Rs 750 (Rs 500 for e-statement)

• Individual Client
  • General AMC Scheme: Rs 300 P.A. (POA Clients), Rs 350 P.A. (Non POA Clients)
  • Onetime Yearly AMC Scheme: Rs 1000 P.A.(POA Clients), Rs 1300 P.A. (Non POA Clients)
  • No AMC Scheme: Rs 3000 Refundable Deposit
• Corporate Clients: Rs 1000 P.A.

Nil

Rs 5 per cert + Rs 35 courier charges per request

Rs 5 Per Certificate (Rs 30 for 1st Certificate) Courier Charges Extra (Rs 25 for Local & Rs 40 for outstation courier)

Rs 35 Per Request + CDSL Charges i.e. Rs 10 per 100 securities or part quantity

Rs 25 (For one certificate/100 shares) Courier Charges Extra(Rs 25 for Local & Rs 40 for outstation courier)

1. Through POA - 0.01% of the transaction value (Minimum of Rs 21 and Maximum of Rs 300) per ISIN
2. Through DIS - 0.04% of the transaction value (Minimum of Rs 30) per ISIN

• On Maket Transaction: Rs 15 (POA Clients), Rs 20 (Non POA clients)
• Off Market Instruction: 0.03% (subject to Min. Rs 20 & Max. Rs 50 Charges Per instruction)

0.02% of Value or Min Rs 25/- whichever is higher (Plus CDSL/NSDL Charges)

Rs 60

0.02% of Value or Min Rs 25/- whichever is higher (Plus CDSL/NSDL Charges)

Rs 60

0.02% of Value or Min Rs 25/- whichever is higher (Plus CDSL/NSDL Charges)

Rs 30

Rs 10 per failed instruction.

Rs 20 per instruction

• AMC charged yearly in advance.
• DIS Book Charges: Rs 30 (20 leafs)
• Client Modification Charges: Rs 25
• Security deposit for CDSL 'easiest' facility (optional) is Rs 2,500