Sharekhan Vs Zerodha NRI Account Comparison

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.

1. One of the largest stock brokers in India.
2. Easy trading experience for NRI with 3 in 1 account.
3. Offers advanced trading platforms in desktop, mobile, and web versions.
4. Offers online Mutual Funds, IPOs and Bonds.
5. Offers PMS services for wealth management
6. A dedicated relationship manager to each NRI customer.
7. Offers hand holding to beginners in the stock market.

1. Discount stock broker offer trading at a low brokerage charges. Zerodha charges Rs 200 per trade (PIS Account) and Rs 100 per trade (Non-PIS account) whereas full-service stock brokers charge on an average 0.75% of the order value. So, if you trade for Rs 1 lakh, you pay Rs 750 with a full-service stock broker whereas Zerodha will charge you Rs 200.
2. India's largest stock broker in terms of active customers.
3. Offers access to best-in-industry trading software and tools.
4. Supports HDFC Bank, IndusInd Bank, IDFC FIRST Bank and Axis Bank NRI Bank Account.

1. 3 in 1 account facility is only available with select banks (Axis, HDFC, IDBI, and Indusind)
2. Brokerage and account opening charges are higher when compared to other full-service brokers.

1. Doesn't offer 3-in-1 accounts. Only offer trading and demat accounts. So, you have to first transfer funds from your PIS account to Zerodha trading account before trading.
2. Doesn't offer Mutual Funds to NRI customers.
3. Doesn't provide research reports or analysis.

Sharekhan is a good choice as a stock broker for NRIs. It offers a full range of financial services to NRIs including a hassle-free 3-in-1 trading account, research services, investments in Mutual Funds, IPOs, NCDs and also PMS. GTC and AMO order along with Call & Trade facility help NRIs to place orders in their convenient timings.

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.