Can NRI invest in smallcase in Zerodha? What is the fee charged for investing?

What are smallcase investments in Zerodha? Can NRI invest in them? What is brokerage? Are there any restrictions I should know about?
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Short Answer

Yes, NRI can invest in Smallcase in Zerodha. They can invest using any NRI demat account they have with Zerodha, whether it is NRE PIS or NRO non-PIS.

Detailed Answer

A Smallcase is a collection of stocks that may represent a certain industry, theme, or idea in investing. One can create a basket of stocks with a common theme or idea.

For example, dividend-yielding stocks or stocks representing the tech industry, or one can invest in ready-made baskets also. Smallcase has partnered with many stock brokers, and investors can access them through their broking accounts.

Zerodha is also one of the brokers with smallcase integrated into them. Anyone with a Zerodha demat and trading account can buy smallcases. But today, we'll find out if NRIs can invest in Smallcase in Zerodha.

Can NRI invest in smallcase in Zerodha?

Yes, NRI can also invest in Smallcase in Zerodha. To invest in smallcase, you must open an NRI demat account with Zerodha.

If you only want to invest in smallcase, you can either open an NRE PIS or an NRO non-PIS account.Unlike with mutual funds, there are no investment limitations based on the type of account.

You can invest in smallcase using both an NRO non-PIS account and an NRE PIS account. All your investments with smallcase in Zerodha will be held in your demat account and can be seen in Kite holdings as well.

What are the fees charged for investing in smallcase?

You only pay a one-time fee of Rs. 100 + GST for each smallcase on the day of purchase; there are no other charges for any order in that smallcase. However, you only pay 2.5% of the amount invested + GST if you invest less than Rs. 4,000 on the date of investment. Other mandatory fees like STT, Demat, brokerage fees, and taxes are applied as normal.

Zerodha is a very versatile platform. It offers users a lot of options and services. As an NRI you might have certain doubts about smallcase investing but with Zerodha you shouldn't worry. They have a platform dedicated especially for smallcase investing. It is called Coin. But in order to access Coin you must have a non-PSI NRI account with Zerodha itself.

Another popular question in its relation can be about mutual funds. When you access Coin, you will find mutual funds in it as well. But unfortunately, citizens of the US and Canada are restricted to invest in Mutual funds via the Coin application. Why? It is simple, compliance issues.

NRI can invest in Smallcase in Zerodha

There are no restrictions on the kind of NRI demat account you can have with Zerodha; you can invest with any NRI account and have total control over your investments.

There is no lock-in period, so you can add or remove stocks whenever you want. Try to hold it for a longer period of time, though, as smallcases work best when used for long-term investing.

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Categories: NRI Investment
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