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Mirae Asset Sharekhan Vs Firstock NRI Account Comparison

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

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

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

Mirae Asset Sharekhan Vs Firstock

 Mirae Asset SharekhanFirstock
 
Mirae Asset Sharekhan ReviewBrokerageDemat AccountMobile AppAccount OpeningIPONRI AccountTrading SoftwareMutual FundIs it safe?API ReviewFAQs
Firstock ReviewBrokerageDemat AccountMobile AppAccount OpeningIPONRI AccountTrading SoftwareMutual FundIs it safe?API ReviewFAQs
 Mirae Asset Sharekhan LogoFirstock 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 SharekhanFirstock is a discount brokerage firm that offers Non-Resident Indians (NRIs) the ability to invest in the Indian stock market through a hybrid account opening process combining online and offline steps. NRIs can trade in equity delivery and derivati...Know more about Firstock Broking Private Limited
Account TypeMirae Asset Sharekhan NRI AccountEquity (PIS)
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: Experience ZERO Brokerage on Delivery trades with Firstock. Rs 20 Brokerage on Intraday and F&O trades, with no hidden charges. Open Free Demat account with Firstock and start trading today.
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Mirae Asset Sharekhan Vs Firstock Charges

 Mirae Asset SharekhanFirstock
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 0 (Free)
PIS Account AMC
RBI approval for PIS (One time)₹500 + GST₹500 + GST
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Mirae Asset Sharekhan Vs Firstock NRI Account Brokerage Comparison

Account TypeMirae Asset Sharekhan Mirae Asset Sharekhan NRI AccountFirstock Equity (PIS)
Equity Delivery0.50%0.5% or Rs 200 per order, whichever is lower
Equity Futures0.1% on first leg and 0.02% on second legRs 100 per executed order
Equity Options₹250 per contract noteRs 100 per executed order
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Other Charges

Contract Note Reporting Charges
Other Brokerage ChargesPIS Acct AMC: ₹1000Equity (Non-PIS) - 0.5% or Rs 100 per order, whichever is lower
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 Firstock NRI Account Taxes/Fees

 Mirae Asset SharekhanFirstock
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 Firstock NRI Account Margin

 Mirae Asset Sharekhan MarginFirstock 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 Firstock NRI Account Features

 Mirae Asset SharekhanFirstock
3-in-1 AccountNoNo
Automated TradingNoNo
Free Research And TipsYesNo
Other FeaturesCall & Trade, Dedicated Relationship Manager, Branch Support
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Mirae Asset Sharekhan Vs Firstock NRI Account Review

 Mirae Asset Sharekhan ReviewFirstock Review
 316 Customer Reviews    Rate Mirae Asset Sharekhan1 Customer Reviews    Rate Firstock
FeesRated 3.0 starsRated 3.0 stars
BrokerageRated 2.8 starsRated 3.0 stars
Trading PlatformRated 3.7 starsRated 3.0 stars
Customer ServiceRated 3.3 starsRated 3.0 stars
Overall RatingRated 3.3 starsRated 3.0 stars
Broker RatingMirae Asset Sharekhan is Rated 3.3 / 5 based on 316 customer reviewsFirstock is Rated 3.0 / 5 based on 1 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.
Experience ZERO Brokerage on Delivery trades with Firstock. Rs 20 Brokerage on Intraday and F&O trades, with no hidden charges. Open Free Demat account with Firstock and start trading today.
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Mirae Asset Sharekhan Vs Firstock NRI Investment Options

 Mirae Asset SharekhanFirstock
StocksYesYes
Initial Public Offers (IPO)YesNo
Mutual FundsYesNo
Other Investment OptionsPMS, Wealth Management
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Mirae Asset Sharekhan Vs Firstock NRI Customer Service

 Mirae Asset SharekhanFirstock
Customer Care Number+91 022 6518500
Customer Care Emailnridesk@miraeassetsharekhan.com
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Mirae Asset Sharekhan Vs Firstock Order Type Offered for NRI Account

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

 Mirae Asset SharekhanFirstock
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.
  • No RBI approval is needed if you choose the Non-PIS route.
  • Lower compliance and paperwork.
  • Futures & Options trading is permitted.
  • Competitive brokerage and clearing charges.
  • Fully digital initiation of the process.

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.
  • Physical document submission and IPV are mandatory.
  • F&O trading is not available through NRE–PIS accounts.
  • A custodian account is required for derivatives.
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.

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

FirstockSpecial Offer

Unlimited Trades @ ZERO Brokerage on Delivery trades

  • Rs 0 brokerage on Delivery.
  • Rs 20 per executed order on F&O and Intraday.

This is a limited-time offer. Open a Free Demat Account online and start trading today.

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