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Mirae Asset Sharekhan Vs Choice Broking NRI Account Comparison

The side-by-side comparison of Mirae Asset Sharekhan and Choice Broking NRI Account. Compare Mirae Asset Sharekhan Vs Choice Broking NRI Account brokerage charges, exposure margin, demat account and AMC. Read Choice Broking and Mirae Asset Sharekhan NRI Account reviews.

Find out Mirae Asset Sharekhan Vs Choice Broking which is better NRI Trading Account. See Mirae Asset Sharekhan Vs Choice Broking which is best NRI Demat Account.

Our Mirae Asset Sharekhan comparison with Choice Equity Broking Private Limited highlights the major differences between two brokers. Find the best between Mirae Asset Sharekhan and Choice Broking NRI Account.

Mirae Asset Sharekhan Vs Choice Broking

 Mirae Asset SharekhanChoice Broking
 
 Mirae Asset Sharekhan LogoChoice Broking Logo
About the BrokerEstablished in 2000, Mirae Asset Sharekhan (formerly known as Sharekhan) is a full-service stock broking firm that is also considered as one of the pioneers in retail online broking and digital investments in India. It offers online trading and inves...Know more about Mirae Asset SharekhanChoice Broking is a full-service broker offering online trading and advisory services to NRIs (except for those residing in the USA and Canada). It offers 2-in-1 accounts, combining Demat and trading accounts, to NRIs. The 2-in-1 account enables NRI ...Know more about Choice Equity Broking Private Limited
Account TypeMirae Asset Sharekhan NRI AccountNRI Trading
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.


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Mirae Asset Sharekhan Vs Choice Broking Charges

 Mirae Asset SharekhanChoice Broking
NRI Account Opening Fees₹2000₹0
NRI Account AMC₹3000₹0
NRI Demat Account Opening FeesRs 0 (Free)Rs 0 (Free)
NRI Demat Account AMCRs 400 (Free for 1st year)Rs 200 or as per plan. (1st year AMC free)
PIS Account AMCNA
RBI approval for PIS (One time)₹500 + GST₹500 + GST

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Mirae Asset Sharekhan Vs Choice Broking NRI Account Brokerage Comparison

Account TypeMirae Asset Sharekhan Mirae Asset Sharekhan NRI AccountChoice Broking NRI Trading
Equity Delivery0.50%0.50%
Equity Futures0.1% on first leg and 0.02% on second leg0.03%
Equity Options₹250 per contract note₹100 per lot

Other Charges

Contract Note Reporting ChargesNA
Other Brokerage ChargesPIS Acct AMC: ₹1000Demat Account AMC - ₹200 per year
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%
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Mirae Asset Sharekhan Vs Choice Broking NRI Account Taxes/Fees

 Mirae Asset SharekhanChoice Broking
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 exercised options)
  • 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 exercised options)
Exchange Transaction ChargesCheck Exchange Transaction Fee
SEBI Charges0.00005% (₹5/Crore)0.00005% (₹5/Crore)
Goods and Services Tax (GST)18% on (brokerage + transaction charges)18% on (brokerage + transaction charges)
Stamp Duty0.01% 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.

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Mirae Asset Sharekhan Vs Choice Broking NRI Account Margin

 Mirae Asset Sharekhan MarginChoice Broking Margin
Equity Delivery1x1x
Equity Futures1x1x
Equity Options1x1x

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.


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Mirae Asset Sharekhan and Choice Broking NRI Account Features

 Mirae Asset SharekhanChoice Broking
3-in-1 AccountNoNo
Automated TradingNoNo
Free Research And TipsYesYes
Other FeaturesCall & Trade, Dedicated Relationship Manager, Branch Support

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Mirae Asset Sharekhan Vs Choice Broking NRI Account Review

 Mirae Asset Sharekhan ReviewChoice Broking Review
 316 Customer Reviews    Rate Mirae Asset Sharekhan19 Customer Reviews    Rate Choice Broking
FeesRated 3.0 starsRated 3.8 stars
BrokerageRated 2.8 starsRated 2.9 stars
Trading PlatformRated 3.7 starsRated 3.3 stars
Customer ServiceRated 3.3 starsRated 3.1 stars
Overall RatingRated 3.3 starsRated 2.9 stars
Broker RatingMirae Asset Sharekhan is Rated 3.3 / 5 based on 316 customer reviewsChoice Broking is Rated 2.9 / 5 based on 19 customer reviews

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Contact Broker / Request A Call Back

 Mirae Asset Sharekhan EnquireMirae Asset Sharekhan Enquire
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.
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Mirae Asset Sharekhan Vs Choice Broking NRI Investment Options

 Mirae Asset SharekhanChoice Broking
StocksYesYes
Initial Public Offers (IPO)YesNo
Mutual FundsYesYes
Other Investment OptionsPMS, Wealth Management

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Mirae Asset Sharekhan Vs Choice Broking NRI Customer Service

 Mirae Asset SharekhanChoice Broking
Customer Care Number+91 022 6518500022-67079903, 9819545987
Customer Care Emailnridesk@miraeassetsharekhan.comnri@choiceindia.com

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Mirae Asset Sharekhan Vs Choice Broking Order Type Offered for NRI Account

 Mirae Asset SharekhanChoice Broking
Bracket OrderYesYes
Cover OrderYesYes
After Market Order (AMO)YesYes
Good Till Cancelled (GTC)YesYes

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Mirae Asset Sharekhan Vs Choice Broking - NRI Account Advantages and Disadvantages

 Mirae Asset SharekhanChoice Broking
Pros
  1. One of the largest stockbrokers 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.
  • Free account opening.
  • Advisory services with access to a wide range of research reports.
  • Convenient Mutual Fund investment through a mobile app or website.
  • Dedicated relationship manager.
Cons
  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.
  • Higher brokerage charges when compared to other discount brokers.
  • Do not offer 3-in-1 account services.
  • Do not provide an online account opening facility.
Conclusion

Mirae Asset Sharekhan is a good choice as a stockbroker 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.

Choice Broking is a SEBI registered full-service broker offering trading and advisory services with a 2-in-1 account facility to the NRIs. The company offers online trading platforms to NRI for stock markets and mutual fund investments. Being a full-service broker, the brokerage charges are slightly on the higher side making it a costly broker for the NRIs. The company has a dedicated research team that provides insights on the economy and the markets along with a wide range of research reports to its clients based on its fundamental and technical analyses.

Promo / Offers

Zerodha (India's Best & No. 1 Broker)

  Special Offer - Free Equity Delivery and Mutual Funds

  • Brokerage-free equity delivery trades.
  • Brokerage-free Direct Mutual Fund.
  • Pay ₹20 per trade for Intraday & F&O.
  • The best trading platform in India.

Open Instant Demat Account Read Reviews

Zerodha (India's Best & No. 1 Broker)

  Special Offer - Free Equity Delivery and Mutual Funds

  • Brokerage-free equity delivery trades.
  • Brokerage-free Direct Mutual Fund.
  • Pay ₹20 per trade for Intraday & F&O.
  • The best trading platform in India.

Open Instant Demat Account Read Reviews