FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
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The side-by-side comparison of ICICIdirect and SMC Global NRI Account. Compare ICICIdirect Vs SMC Global NRI Account brokerage charges, exposure margin, demat account and AMC. Read SMC Global and ICICIdirect NRI Account reviews.
Find out ICICIdirect Vs SMC Global which is better NRI Trading Account. See ICICIdirect Vs SMC Global which is best NRI Demat Account.
Our ICICI Securities Pvt Ltd. comparison with SMC Global Limited highlights the major differences between two brokers. Find the best between ICICIdirect and SMC Global NRI Account.
ICICIdirect | SMC Global | |
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About the Broker | ICICI Bank offers trading and investment opportunities in India stock market to NRIs through ICICI NRI 3-in-1 account. It is a combination of an NRI saving bank account, an NRI Demat, and an NRI trading account. The ICICI 3 in 1 Account for NRI enab... | SMC Global is a diversified financial service provider offering a wide range of financial products and services to resident and non-resident Indians (NRI) investors. NRIs can invest in Equity, Debt, Derivatives and Real Estate Funds with SMC. NRIs ca... |
Account Type | NRI Account | NRI Account |
Special Offer | Zerodha (Flat Rs 20 Per Trade) Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today. |
Zerodha (Flat Rs 20 Per Trade) Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today. |
ICICIdirect | SMC Global | |
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NRI Account Opening Fees | ₹4000 | ₹1000 |
NRI Account AMC | ₹0 | ₹0 |
NRI Demat Account Opening Fees | Rs 0 (Free) | Rs 499 |
NRI Demat Account AMC | Rs 300 (from 2nd year) | Rs 300 |
PIS Account AMC | NA | |
RBI approval for PIS (One time) | ₹500 + GST | ₹500 + GST |
Account Type | ICICIdirect NRI Account | SMC Global NRI Account |
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Equity Delivery | 0.50% - 1.25% | 0.50% |
Equity Futures | 0.03% - 0.05% | 0.05% |
Equity Options | ₹70 to ₹95 | ₹75 per lot |
Contract Note Reporting Charges | NA | |
Other Brokerage Charges | Demat AMC: ₹1180, Min Brokerage: ₹20 | |
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% |
ICICIdirect | SMC Global | |
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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. |
ICICIdirect Margin | SMC Global Margin | |
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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. |
ICICIdirect | SMC Global | |
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3-in-1 Account | ||
Automated Trading | ||
Free Research And Tips | ||
Other Features | ||
ICICIdirect Enquire | SMC Global Enquire | |
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Contact Broker | Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today. | Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today. |
ICICIdirect | SMC Global | |
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Stocks | ||
Initial Public Offers (IPO) | ||
Mutual Funds | ||
Other Investment Options | ETF, Corporate Bonds, NCD, FD, Insurance | Debt Funds, Bonds, ETF, Insurance |
ICICIdirect | SMC Global | |
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Customer Care Number | +91-22-28307780 | +91-11-25754371, 91- 9650988009 |
Customer Care Email | nri@icicidirect.com | nridesk@smcindiaonline.com |
ICICIdirect | SMC Global | |
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Bracket Order | ||
Cover Order | ||
After Market Order(AMO) | ||
Good Till Cancelled (GTC) |
ICICIdirect | SMC Global | |
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Pros |
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Cons |
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Conclusion
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ICICI is a highly recommended trading account for NRIs who are looking for investing in the stock market and mutual funds in India. It offers a convenient way to invest with competitive brokerage charges. It offers a range of investment options along with a dedicated RM, NRI support desk, free research, and tips. GTC and AMO order helps NRI customers to place an order in their own convenient timings. |
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. |
Promo / Offers | Zerodha (India's Best & No. 1 Broker)Special Offer - Free Equity Delivery and Mutual Funds
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Zerodha (India's Best & No. 1 Broker)Special Offer - Free Equity Delivery and Mutual Funds
|
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Rs 0 Account Opening Fee
Free Eq Delivery & MF
Flat ₹20 Per Trade in F&O
FREE Intraday Trading (Eq, F&O)
Flat ₹20 Per Trade in F&O
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