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ICICIdirect Vs Mirae Asset Sharekhan NRI Account Comparison

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

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

Our ICICI Securities Pvt Ltd. comparison with Mirae Asset Sharekhan highlights the major differences between two brokers. Find the best between ICICIdirect and Mirae Asset Sharekhan NRI Account.

ICICIdirect Vs Mirae Asset Sharekhan

 ICICIdirectMirae Asset Sharekhan
 
ICICIdirect ReviewBrokerageDemat AccountMobile AppAccount OpeningIPONRI AccountTrading SoftwareMutual FundIs it safe?API ReviewFAQs
Mirae Asset Sharekhan ReviewBrokerageDemat AccountMobile AppAccount OpeningIPONRI AccountTrading SoftwareMutual FundIs it safe?API ReviewFAQs
 ICICIdirect LogoMirae Asset Sharekhan Logo
About the BrokerICICI 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...Know more about ICICI Securities Pvt Ltd.Established 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 Sharekhan
Account TypeNRI AccountMirae Asset Sharekhan 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.

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ICICIdirect Vs Mirae Asset Sharekhan Charges

 ICICIdirectMirae Asset Sharekhan
NRI Account Opening Fees₹4000₹2000
NRI Account AMC₹0₹3000
NRI Demat Account Opening FeesRs 0 (Free)Rs 0 (Free)
NRI Demat Account AMCFor Individual account: Rs. 700 p.a.Rs 400 (Free for 1st year)
PIS Account AMC
RBI approval for PIS (One time)₹500 + GST₹500 + GST
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ICICIdirect Vs Mirae Asset Sharekhan NRI Account Brokerage Comparison

Account TypeICICIdirect NRI AccountMirae Asset Sharekhan Mirae Asset Sharekhan NRI Account
Equity Delivery0.50% - 1.25%0.50%
Equity Futures0.03% - 0.05%0.1% on first leg and 0.02% on second leg
Equity Options₹70 to ₹95₹250 per contract note

Other Charges

Contract Note Reporting Charges
Other Brokerage ChargesPIS Acct AMC: ₹1000
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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ICICIdirect Vs Mirae Asset Sharekhan NRI Account Taxes/Fees

 ICICIdirectMirae Asset Sharekhan
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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ICICIdirect Vs Mirae Asset Sharekhan NRI Account Margin

 ICICIdirect MarginMirae Asset Sharekhan 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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ICICIdirect and Mirae Asset Sharekhan NRI Account Features

 ICICIdirectMirae Asset Sharekhan
3-in-1 AccountYesNo
Automated TradingNoNo
Free Research And TipsYesYes
Other FeaturesCall & Trade, Dedicated Relationship Manager, Branch Support
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ICICIdirect Vs Mirae Asset Sharekhan NRI Account Review

 ICICIdirect ReviewMirae Asset Sharekhan Review
 484 Customer Reviews    Rate ICICIdirect316 Customer Reviews    Rate Mirae Asset Sharekhan
FeesRated 2.2 starsRated 3.0 stars
BrokerageRated 1.7 starsRated 2.8 stars
Trading PlatformRated 3.3 starsRated 3.7 stars
Customer ServiceRated 2.6 starsRated 3.3 stars
Overall RatingRated 2.3 starsRated 3.3 stars
Broker RatingICICIdirect is Rated 2.3 / 5 based on 484 customer reviewsMirae Asset Sharekhan is Rated 3.3 / 5 based on 316 customer reviews
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Contact Broker / Request A Call Back

 ICICIdirect EnquireICICIdirect 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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ICICIdirect Vs Mirae Asset Sharekhan NRI Investment Options

 ICICIdirectMirae Asset Sharekhan
StocksYesYes
Initial Public Offers (IPO)YesYes
Mutual FundsYesYes
Other Investment OptionsETF, Corporate Bonds, NCD, FD, InsurancePMS, Wealth Management
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ICICIdirect Vs Mirae Asset Sharekhan NRI Customer Service

 ICICIdirectMirae Asset Sharekhan
Customer Care Number+91-22-28307780+91 022 6518500
Customer Care Emailnri@icicidirect.comnridesk@miraeassetsharekhan.com
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ICICIdirect Vs Mirae Asset Sharekhan Order Type Offered for NRI Account

 ICICIdirectMirae Asset Sharekhan
Bracket OrderYesYes
Cover OrderYesYes
After Market Order (AMO)YesYes
Good Till Cancelled (GTC)YesYes
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ICICIdirect Vs Mirae Asset Sharekhan - NRI Account Advantages and Disadvantages

 ICICIdirectMirae Asset Sharekhan
Pros
  1. India's leading stockbroker. Part of the prestigious ICICI group, a financial services conglomerate.
  2. ICICI 3-in-1 NRI Account offers the easiest online trading experience.
  3. It offers an online trading facility with automatic fund transfer and PIS reporting.
  4. Invest online in Mutual Fund, NCD, FD, IPO, etc.
  5. GTC (or GTD, VTD) and AMO order types are available for placing orders in non-trading hours.
  6. It has a very stable trading platform.
  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.
Cons
  1. While ICICI trading platform gets the job done, it is very old trading software with poor user experience in comparison to the next generation online brokers like Zerodha, upstox, and 5paisa.
  2. The equity delivery brokerage is higher in comparison to discount brokers like Zerodha. With ICICI, a buy order or Rs 1 lakhs will cost Rs 1250 (1.25%) in brokerage. The same order at Zerodha cost Rs 200 in brokerage.
  3. NRIs from the UK (United Kingdom) cannot invest in IPO and Mutual Fund through ICICIDirect.com
  4. ICICI Bank doesn't offer online account opening to NRIs apart from customers from the US. Online account opening is also not available to Minor NRIs from the US.
  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.
Conclusion

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.

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.

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

Frequently Asked Questions

ICICI Direct and Sharekhan both are full-service brokers. ICICI Direct offers a 3-in-1 account while Sharekhan offers a 2-in-1 account. While ICICI Direct has branches in all major cities, Sharekhan has a presence in almost every corner of India through its branches offices and sub-brokers.

Compare Between ICICIDirect and Sharekhan

ICICI Direct Sharekhan

Full-Service Broker

Full-Service Broker

Offer 3-in- 1 account

Offer 2-in-1 account

% based brokerage charges. 0.55% for equity delivery.

% based brokerage charges. 0.50% for equity delivery.

Brokerage is not negotiable.

Brokerage can be negotiated.

Doesn't offer commodity trading

Offer commodity trading.

Good local support through relationship managers.

Excellent local support through relationship managers.

Doesn't offer any education programs.

Offers online and classroom training, seminars and workshops to investors.

Charge Rs 25 per call after the first 20 free calls per month.

Call & Trade facility is free.

Doesn't accept FDs as collateral.

Accepts a fixed deposit (FD) as collateral.

Offer an ASBA IPO application.

Offer a UPI IPO application.

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