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India Infoline (IIFL) Vs SMC Global - Broker Comparison

Account Opening & AMC Charges

Compare account opening charges and annual maintenance charges (AMC)


India Infoline Limited SMC Global Limited
Standard Plan SMC Global Limited
Trading Account Opening Fee ₹750 ₹1000
Trading Account AMC ₹0 ₹0
Demat Account Opening Fee ₹555 ₹0
Demat Account AMC * ₹300 ₹300

Brokerage Charges

Compare the commission charged by the brokers for the trades executed


India Infoline Limited SMC Global Limited
Standard Plan SMC Global Limited
Monthly Fee NA NA
Equity Delivery 0.50% 0.30%
Equity Intraday 0.05% 0.03%
Equity Future 0.05% 0.03%
Equity Options 1% of premium or ₹100 per lot
(whichever is high)
₹70 per lot
Currency Futures 0.05% 0.03%
Currency Options 1% of premium or ₹100 per lot
(whichever is high)
₹20 per lot
Commodity 0.05% 0.03%

Transaction Charges (Per Crore)

Compare Transaction Charges (Exchange Turnover Charges + Clearing Charges or PCM Fee)


India Infoline Limited SMC Global Limited
Standard Plan SMC Global Limited
Equity Delivery ₹325 ₹350
Equity Intraday ₹325 ₹350
Equity Future * ₹210 ₹290
Equity Options * ₹5100 ₹6500
Currency Futures * ₹210 ₹290
Currency Options ₹5100 ₹6500

Other Charges

Compare miscellaneous charges, minimum fees and add-on service rates.


India Infoline Limited SMC Global Limited
Standard Plan SMC Global Limited
Minimum Brokerage ₹0.05 per share ₹25 per trade or 2.5% of the trade value whichever is lower
Call & Trade - -
Stamp Duty * Charges as per the state of residence Charges as per the state of residence
DP Charges (on sell side) 0.04% (minimum ₹25 per debit transaction) ₹15 per scrip
Other Miscellaneous Charges - -

Demat Account Charges

Find charges for the best Demat Account for small investors


India Infoline Limited SMC Global Limited
Standard Plan SMC Global Limited
Depository Service Provider CDSL CDSL
Account Opening Fee

Nil

Nil.

Advance Deposite

Nil

-
AMC

₹400 + GST

₹5 Per Certificate (₹30 for 1st Certificate) Courier Charges

Individual Client

General AMC Scheme: ₹300 P.A. (POA Clients), ₹350 P.A. (Non POA Clients)

Onetime Yearly AMC Scheme: ₹1000 P.A.(POA Clients), ₹1300 P.A. (Non POA Clients)

No AMC Scheme: ₹3000 Refundable Deposit

Corporate Clients: ₹1000 P.A.

Dematerialisation Charges

₹15 per certificate + ₹40 as postal charges

Extra (₹25 for Local & ₹40 for outstation courier)

Rematerialisation Charges

₹15 per certificate or ₹15 for every 100 securities or part thereof whichever is higher + ₹40 for courier

₹25 (For one certificate/100 shares) Courier Charges Extra(₹25 for Local & ₹40 for outstation courier)

Transaction Charges (Credit) - -
Transaction Charges (debit)

0.04% of the value of the transaction, subject to min ₹25 per instruction

On Maket Transaction: ₹15 (POA Clients), ₹20 (Non POA clients)

Off Market Instruction: 0.03% (subject to Min. ₹20 & Max. ₹50 Charges Per instruction)

Pledge Creation Charges

₹50

₹60

Pledge Creation Confirmation Charges

Nil

₹60

Pledge Invocation Charges

Nil

₹30

Failed Instruction Charges

Nil

₹20 per instruction

Other Charges

Nil

AMC charged yearly in advance.

DIS Book Charges: ₹30 (20 leafs)

Client Modification Charges: ₹25

Security deposit for CDSL 'easiest' facility (optional) is ₹2,500

Features

Compare key features offered the brokers.


India Infoline Limited SMC Global Limited
Standard Plan SMC Global Limited
Trading Platform Trader terminal ODIN

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FAQs

No, there is no minimum balance / margin requirement while opening trading account with ProStocks. You only need to pay Rs 1000 as refundable deposit for demat account.  Later on, you can transfer funds as per your trading requirements.

We are charging .01% or Max Rs 50 per day as stamp duty except clients with Maharashtra address. Maharashtra clients pay .01% for Delivery and .002% for Intraday, Equity F&O and Currency Derivatives.