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Mirae Asset Sharekhan Vs Geojit NRI Account Comparison

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

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

Our Mirae Asset Sharekhan comparison with Geojit BNP Paribas highlights the major differences between two brokers. Find the best between Mirae Asset Sharekhan and Geojit NRI Account.

Mirae Asset Sharekhan Vs Geojit

 Mirae Asset SharekhanGeojit
 
Mirae Asset Sharekhan ReviewBrokerageDemat AccountMobile AppAccount OpeningIPONRI AccountTrading SoftwareMutual FundIs it safe?API ReviewFAQs
Geojit ReviewBrokerageDemat AccountMobile AppAccount OpeningIPONRI AccountTrading SoftwareMutual FundIs it safe?API ReviewFAQs
 Mirae Asset Sharekhan LogoGeojit 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 SharekhanGeojit BNP Paribas is a leading full-time stockbroker with a strong presence in Southern India and the Middle East. The company offers NRI services to non-resident Indian investors residing in Oman, Kuwait, Bahrain, Saudi Arabia, and the U.A.E only. ...Know more about Geojit BNP Paribas
Account TypeMirae 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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Mirae Asset Sharekhan Vs Geojit Charges

 Mirae Asset SharekhanGeojit
NRI Account Opening Fees₹2000
NRI Account AMC₹3000
NRI Demat Account Opening FeesRs 0 (Free)Rs 0 (Free)
NRI Demat Account AMCRs 400 (Free for 1st year)Rs 400 per year
PIS Account AMC
RBI approval for PIS (One time)₹500 + GST₹500 + GST
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Mirae Asset Sharekhan Vs Geojit NRI Account Brokerage Comparison

Account TypeMirae Asset Sharekhan Mirae Asset Sharekhan NRI AccountGeojit
Equity Delivery0.50%
Equity Futures0.1% on first leg and 0.02% on second leg
Equity Options₹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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Mirae Asset Sharekhan Vs Geojit NRI Account Taxes/Fees

 Mirae Asset SharekhanGeojit
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 Geojit NRI Account Margin

 Mirae Asset Sharekhan MarginGeojit 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 Geojit NRI Account Features

 Mirae Asset SharekhanGeojit
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 Geojit NRI Account Review

 Mirae Asset Sharekhan ReviewGeojit Review
 316 Customer Reviews    Rate Mirae Asset Sharekhan113 Customer Reviews    Rate Geojit
FeesRated 3.0 starsRated 3.5 stars
BrokerageRated 2.8 starsRated 3.2 stars
Trading PlatformRated 3.7 starsRated 3.9 stars
Customer ServiceRated 3.3 starsRated 3.7 stars
Overall RatingRated 3.3 starsRated 3.6 stars
Broker RatingMirae Asset Sharekhan is Rated 3.3 / 5 based on 316 customer reviewsGeojit is Rated 3.6 / 5 based on 113 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.
*

Mirae Asset Sharekhan Vs Geojit NRI Investment Options

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

 Mirae Asset SharekhanGeojit
Customer Care Number+91 022 6518500+91 0484 3911777
Customer Care Emailnridesk@miraeassetsharekhan.comcustomercare@geojit.com
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Mirae Asset Sharekhan Vs Geojit Order Type Offered for NRI Account

 Mirae Asset SharekhanGeojit
Bracket OrderYesNo
Cover OrderYesNo
After Market Order (AMO)YesNo
Good Till Cancelled (GTC)YesNo
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Mirae Asset Sharekhan Vs Geojit - NRI Account Advantages and Disadvantages

 Mirae Asset SharekhanGeojit
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.
  • 30+ years of experience in the capital market in India.
  • Strong physical presence in Gulf countries through tie-ups with other prominent financial services providers in these countries.
  • Dedicated research team offers investment and research tips to NRIs.
  • Equity Derivatives NRI traders do not require separate Custodial account as Geojit is a clearing member and clear the trade by themselves.
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.
  • NRI Account is available only to residents of UAE, Saudi Arabia, Bahrain, Kuwait or Oman.
  • Doesn't offer services to the US, UK, Australia or Canada based NRIs.
  • Doesn't offer a 3-in-1 account. An NRI has to open a bank account with another company.
  • High brokerage charges when compared with discount brokers like Zerodha, Prostocks, etc.
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.

Geojit is a highly recommended broker for NRIs residing in Middle East countries. It has 480+ offices and a dedicated Call Centre to offer quality services to NRIs. The company also offers strong research services to help NRIs make informed trading decisions. Other investment options including Mutual Funds, PMS and IPO make them preferred broker for many NRIs in the Gulf.

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
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