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Mirae Asset Sharekhan Vs Kotak Securities NRI Account Comparison

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

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

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

Mirae Asset Sharekhan Vs Kotak Securities

 Mirae Asset SharekhanKotak Securities
 
Mirae Asset Sharekhan ReviewBrokerageDemat AccountMobile AppAccount OpeningIPONRI AccountTrading SoftwareMutual FundIs it safe?API ReviewFAQs
Kotak Securities ReviewBrokerageDemat AccountMobile AppAccount OpeningIPONRI AccountTrading SoftwareMutual FundIs it safe?API ReviewFAQs
 Mirae Asset Sharekhan LogoKotak Securities 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 SharekhanKotak Securities is a full-service broker that offers a range of services to NRIs, from across the globe, including online trading in Equity, Equity Derivatives (F&O), Mutual Funds, Bonds, IPO, and ETF. Kotak securities NRI account (NRI 3-in-1 accoun...Know more about Kotak Securities Ltd
Account TypeMirae Asset Sharekhan NRI AccountNRI 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.

Special Offer: Kotak Securities - Pay Rs 10 per order Intraday Brokerage + F&O Rs 10 per trade. Open Instant Account Now
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Mirae Asset Sharekhan Vs Kotak Securities Charges

 Mirae Asset SharekhanKotak Securities
NRI Account Opening Fees₹2000₹3750
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 600
PIS Account AMC₹1000
RBI approval for PIS (One time)₹500 + GST₹500 + GST
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Mirae Asset Sharekhan Vs Kotak Securities NRI Account Brokerage Comparison

Account TypeMirae Asset Sharekhan Mirae Asset Sharekhan NRI AccountKotak Securities NRI Account
Equity Delivery0.50%1.00%
Equity Futures0.1% on first leg and 0.02% on second leg1.00%
Equity Options₹250 per contract note1.00%
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Other Charges

Contract Note Reporting Charges₹0
Other Brokerage ChargesPIS Acct AMC: ₹1000Average Quarterly Balance: ₹10000
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 Kotak Securities NRI Account Taxes/Fees

 Mirae Asset SharekhanKotak Securities
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 Kotak Securities NRI Account Margin

 Mirae Asset Sharekhan MarginKotak Securities 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 Kotak Securities NRI Account Features

 Mirae Asset SharekhanKotak Securities
3-in-1 AccountNoYes
Automated TradingNoNo
Free Research And TipsYesYes
Other FeaturesCall & Trade, Dedicated Relationship Manager, Branch Support
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Mirae Asset Sharekhan Vs Kotak Securities NRI Account Review

 Mirae Asset Sharekhan ReviewKotak Securities Review
 316 Customer Reviews    Rate Mirae Asset Sharekhan200 Customer Reviews    Rate Kotak Securities
FeesRated 3.0 starsRated 2.4 stars
BrokerageRated 2.8 starsRated 2.3 stars
Trading PlatformRated 3.7 starsRated 3.2 stars
Customer ServiceRated 3.3 starsRated 2.8 stars
Overall RatingRated 3.3 starsRated 2.4 stars
Broker RatingMirae Asset Sharekhan is Rated 3.3 / 5 based on 316 customer reviewsKotak Securities is Rated 2.4 / 5 based on 200 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.
Kotak Securities - Pay Rs 10 per order Intraday Brokerage + F&O Rs 10 per trade. Open Instant Account Now
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Mirae Asset Sharekhan Vs Kotak Securities NRI Investment Options

 Mirae Asset SharekhanKotak Securities
StocksYesYes
Initial Public Offers (IPO)YesYes
Mutual FundsYesYes
Other Investment OptionsPMS, Wealth Management
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Mirae Asset Sharekhan Vs Kotak Securities NRI Customer Service

 Mirae Asset SharekhanKotak Securities
Customer Care Number+91 022 6518500022 6689 6000, 022 6652 9191
Customer Care Emailnridesk@miraeassetsharekhan.comnricustomerservice@kotak.com
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Mirae Asset Sharekhan Vs Kotak Securities Order Type Offered for NRI Account

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

 Mirae Asset SharekhanKotak Securities
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.
  1. Offers integrated 3-in-1 Trinity account for fast and smooth trading experience.
  2. Part of the reputed Kotak group
  3. Branch offices in New York, London, Dubai, Singapore, and Mauritius.
  4. AMO and GTC order types make it easy for NRIs to place orders at any time.
  5. A dedicated research team for expert advice and recommendations
  6. Offers a range of advanced online trading platforms and tools.
  7. Offers online mutual fund, IPO and NCD investment facility.
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.
  1. The brokerage charges are higher in comparison to discount stock brokers like Zerodha and Prostocks. Kotak brokerage charges for equity delivery us 1% whereas Prostocks charges fixed Rs 100 per order. So, if your trade value is Rs 1 lakh, you pay a brokerage of Rs 1000 with Kotak whereas Prostocks will charge you just Rs 100.
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.

Kotak Securities is a full-service broker. It offers convenient stock trading and investment to NRI's through its 3-in-1 account. In addition, you get advanced trading software, researched advice and dedicated RM assistance. Kotak Sec brokerage charges are on the higher side. Kotak Sec has offices in New York, London, Dubai, Singapore, and Mauritius which makes it easy for NRIs based in these locations to avail services or get grievances redressed locally.

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

Kotak SecuritiesSpecial Offer

Kotak Securities Trade Free Plan

Open a 3-in-1 account and get:

  • Brokerage-Rs 10 Intraday trades (Equity and F&O).
  • Flat Rs. 10 per trade brokerage in F&O

Interested in opening a trading account? Open Instant Account Now

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