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SMC Global Vs Jainam Broking NRI Account Comparison

The side-by-side comparison of SMC Global and Jainam Broking NRI Account. Compare SMC Global Vs Jainam Broking NRI Account brokerage charges, exposure margin, demat account and AMC. Read Jainam Broking and SMC Global NRI Account reviews.

Find out SMC Global Vs Jainam Broking which is better NRI Trading Account. See SMC Global Vs Jainam Broking which is best NRI Demat Account.

Our SMC Global Limited comparison with Jainam Broking Limited highlights the major differences between two brokers. Find the best between SMC Global and Jainam Broking NRI Account.

SMC Global Vs Jainam Broking

 SMC GlobalJainam Broking
 
SMC Global ReviewBrokerageDemat AccountMobile AppAccount OpeningIPONRI AccountTrading SoftwareMutual FundIs it safe?API ReviewFAQs
Jainam Broking ReviewBrokerageDemat AccountMobile AppAccount OpeningIPONRI AccountTrading SoftwareMutual FundIs it safe?API ReviewFAQs
 SMC Global LogoJainam Broking Logo
About the BrokerSMC 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...Know more about SMC Global LimitedJainam Broking Limited offers NRI (Non-Resident Indian) trading services, allowing NRIs to invest in the Indian stock market through various routes, including direct equity investments and mutual funds. They provide online account opening and trading...Know more about Jainam Broking Limited
Account TypeNRI AccountDIY Plan
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: Enjoy FREE online account opening with Jainam Broking. Start investing with minimum brokerage of Rs 18 per order. Open an Instant Account
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SMC Global Vs Jainam Broking Charges

 SMC GlobalJainam Broking
NRI Account Opening Fees₹1000Rs 500
NRI Account AMC₹0One Time Lifelong Maintenance: Rs 900
NRI Demat Account Opening FeesRs 499Rs 0 (Free)
NRI Demat Account AMCRs 300Rs 0 (Free)
PIS Account AMCNA
RBI approval for PIS (One time)₹500 + GST₹500 + GST
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SMC Global Vs Jainam Broking NRI Account Brokerage Comparison

Account TypeSMC Global NRI AccountJainam Broking DIY Plan
Equity Delivery0.50%Rs 18 per order
Equity Futures0.05%Rs 18 per order
Equity Options₹75 per lotRs 18 per order
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Other Charges

Contract Note Reporting ChargesNA
Other Brokerage ChargesDemat 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%
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SMC Global Vs Jainam Broking NRI Account Taxes/Fees

 SMC GlobalJainam 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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SMC Global Vs Jainam Broking NRI Account Margin

 SMC Global MarginJainam 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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SMC Global and Jainam Broking NRI Account Features

 SMC GlobalJainam Broking
3-in-1 AccountNoNo
Automated TradingNoYes
Free Research And TipsYesNo
Other Features
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SMC Global Vs Jainam Broking NRI Account Review

 SMC Global ReviewJainam Broking Review
 36 Customer Reviews    Rate SMC Global0 Customer Reviews    Rate Jainam Broking
FeesRated 3.6 starsRated undefined stars
BrokerageRated 3.5 starsRated undefined stars
Trading PlatformRated 3.7 starsRated undefined stars
Customer ServiceRated 3.7 starsRated undefined stars
Overall RatingRated 3.8 starsRated undefined stars
Broker RatingSMC Global is Rated 3.8 / 5 based on 36 customer reviewsJainam Broking is Rated / 5 based on 0 customer reviews
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Contact Broker / Request A Call Back

 SMC Global EnquireSMC Global 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.
Enjoy FREE online account opening with Jainam Broking. Start investing with minimum brokerage of Rs 18 per order. Open an Instant Account
*

SMC Global Vs Jainam Broking NRI Investment Options

 SMC GlobalJainam Broking
StocksYesYes
Initial Public Offers (IPO)YesYes
Mutual FundsYesYes
Other Investment OptionsDebt Funds, Bonds, ETF, Insurance
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SMC Global Vs Jainam Broking NRI Customer Service

 SMC GlobalJainam Broking
Customer Care Number+91-11-25754371, 91- 9650988009+91261 6725555
Customer Care Emailnridesk@smcindiaonline.comcustomercare@jainam.in
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SMC Global Vs Jainam Broking Order Type Offered for NRI Account

 SMC GlobalJainam Broking
Bracket OrderYesYes
Cover OrderYesYes
After Market Order (AMO)YesYes
Good Till Cancelled (GTC)NoYes
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SMC Global Vs Jainam Broking - NRI Account Advantages and Disadvantages

 SMC GlobalJainam Broking
Pros
  • NRIs doesn't require separate Custodial Account to trade in Equity Derivatives as SMC is a registered clearing member who can get CP code for and clear the trades. This offers a huge saving for NRIs.
  • Provides research and recommendation tips based on technical analysis.
  • NRIs can trade and invest through mobile, software and web browser
  • Dedicated relationship manager to assist the NRIs in account opening to investing process.
  • SMC is a full-service broker offering a wide range of products and services.
  • User-Friendly Platform: Jainam Broking's online platform is designed for ease of use, simplifying trading and investment.
  • Low Fees: Jainam offers competitive pricing structures, which can reduce overall trading costs.
  • Diverse Investment Options: NRIs can invest in a wide range of securities, including stocks, mutual funds, bonds, and ETFs.
  • Strong Customer Support: Jainam Broking prioritises customer support to assist with any queries or issues.
  • Reliable Reputation: Jainam has a strong reputation as a trustworthy broker.
  • Fast and Simple Account Opening: Jainam offers a streamlined online account opening process.
Cons
  • Offers NRI trading services only to NRIs who have bank accounts with Yes, Axis, HDFC, Indusind, or Federal Bank account holders.
  • It offers 2-in-1 account means NRIs have to open an NRI bank account and PIS with other banks. It also means that they have to transfer funds in their PIS account before trading.
  • Good Till Date/Time (GTD) and Good Till Cancelled (GTC) orders are not available.
  • Limited investment options
  • NRIs must adhere to specific regulatory guidelines
  • Additional charges for call and trade services
Conclusion

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

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

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Jainam BrokingSpecial Offer

Invest smart, invest simple — your journey begins at just ₹18 per order

Open a Free Demat Account online and start trading today.

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