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Nuvama Wealth Vs AxisDirect: Which one is better?

Both the brokers are registered with SEBI. Nuvama Wealth offers investmenet in Equity, F&O, Currency and Commodities, where AxisDirect offers investment in Equity, F&O and Currency only. The brokerage of Nuvama Wealth Max Rs 10 per trade while the brokerage of AxisDirect ranges between 0.05% to 0.5%. Nuvama Wealth is a Discount Broker where AxisDirect is a Full Service Broker. Overall rating for both the brokers are equal with rating 3.5 out of 5. Number of active customer for AxisDirect is 3,57,390 where number of active customer for Nuvama Wealth is 1,74,590. AxisDirect is serving more customer compare to Nuvama Wealth.

Here we present side-by-side comparison of Nuvama Wealth vs AxisDirect share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared Nuvama Wealth vs AxisDirect's on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This will help you in make up your mind and clear things for you so that you can choose the best broker for youself. We also help our visitors with account opening.

Here we present side-by-side comparison of Nuvama Wealth vs AxisDirect share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared Nuvama Wealth vs AxisDirect's on

  • Brokerage plans
  • Plan types
  • Customer Service
  • Maintenance fees
  • AMC
  • Trading Platforms
  • Rating
  • Reviews
  • Mobile App
  • Margin/Leverage/Exposure
  • Demat Account
  • Investment Options
  • And many more attributes

This will help you in make up your mind and clear things for you so that you can choose the best broker for yourself. We also help our visitors with account opening.

Compare Nuvama Wealth vs AxisDirect on Service

  Nuvama Wealth Compare
Nuvama Wealth
AxisDirect Compare
AxisDirect
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Discount Broker Full Service Broker
Exchanges Supported What is this parameter? BSE, NSE, MCX, NCDEX NSE, BSE
Active Clients 1,74,590 3,57,390
Broker Overview One of the leading full-service brokerage firms with a long-standing track record since 2008 offering Free Nuvama Wealth Demat & Trading account + Trade at Rs. 10 flat brokerage charges + free experts research & advisory + Get access to the i... Know more about Nuvama Wealth Axis Direct is a leading player in the retail broking space. The 3-in-1 account with Axis Direct is a single platform to trade in different asset classes, access innovative Ring powerful-technology trading platform, quality research calls & advis...Know more about AxisDirect
Broker Enquiry Request call back from Nuvama Wealth Request call back from Zerodha
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Account Opening Charges and AMC

Compare Nuvama Wealth vs AxisDirect on Trading & Demat Account Opening Charges

Comparison of Nuvama Wealth with AxisDirect on trading & demat account opening charges and AMC. Trading account opening charges - Nuvama Wealth offer Free account opening where AxisDirect charges Rs 999 for account opening. Demat AMC charges - Nuvama Wealth charges Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year] AMC for Demat account where AxisDirect charges Rs 750 PA (Free for 1st year) AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Nuvama Wealth with AxisDirect
Charges Nuvama Wealth AxisDirect
Trading Account Opening Fees Free Rs 999
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year] Rs 750 PA (Free for 1st year)
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Nuvama Wealth vs AxisDirect on Plan Options

Plans are the most important feature you look when compare Nuvama Wealth with AxisDirect. This section compare on high level about type of plans offered by brokers. Multiple Plans - Both the brokers provides Multiple Plans. You have option to select plan as per your trading streategy.. Monthly Plans - Both the brokers don't have Monthly Plans.

Compare Nuvama Wealth with AxisDirect on Plan Options
Plan Types Nuvama Wealth AxisDirect
Multiple Plans Yes Yes
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Nuvama Wealth Zerodha
Account Opening Request
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Brokerage Charges

Compare Nuvama Wealth vs AxisDirect on Brokerage Charges

Nuvama Wealth Brokerage Plan detail - This plan is available to Online users only. With this plan, Nuvama Wealth is preparing for competition with Discount brokers. Account opening is free and No Demat AMC with this plan.

AxisDirect Brokerage Plan detail - Axis Direct has a fixed % based brokerage plan that charge a fixed brokerage fee on trading across segments.

Brokerage Charges - Compare Nuvama Wealth with AxisDirect
Brokerage Charges Compare Nuvama Wealth AxisDirect
Plan Name Nuvama Lite Fixed Brokerage Trading Plan (Percentage Based)
Equity Delivery Flat Rs. 10 per executed order 0.50% (Each leg)
Equity Intraday Flat Rs. 10 per executed order 0.05% (Each leg)
Equity Futures Flat Rs. 10 per executed order 0.05% (Each leg)
Equity Options Flat Rs. 10 per executed order Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot
Currency Futures Flat Rs. 10 per executed order 0.05% (Each Leg)
Currency Options Flat Rs. 10 per executed order Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 p
Commodity Trading 0.01% Futures: 0.03% (Each leg)| Options: Rs. 50 per lot
Minimum Brokerage NIL NIL
Hidden Charges Info Not Available No
Funding Yes - 24% interest PA Yes - 18% interest PA
Call & Trade Charges Rs 20 per call Free 20 calls per month, and after Rs. 20 per order
Auto Square off Charges Rs 20 20 calls Free and after that Rs 20 per call
Brokerage Calculator Brokerage Calculator for Nuvama Wealth Brokerage Calculator for AxisDirect
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Share Broker's Transaction Charges

Compare Nuvama Wealth vs AxisDirect on Transaction Charges

Compare Nuvama Wealth with AxisDirect on transaction charges and PCM fee by segment.

Transaction Charges - Compare Nuvama Wealth with AxisDirect
Transaction Charges Compare Nuvama Wealth AxisDirect
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Intraday NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE NSE:200 Per Cr | BSE:FREE
Equity Options NSE:5050 Per Cr | BSE:3700 Per Cr NSE:5050 Per Cr | BSE:3700 Per Cr
Currency Futures NSE:90 Per Cr | BSE:25 Per Cr NSE:90 Per Cr | BSE:25 Per Cr
Currency Options NSE:4000 Per Cr | BSE:100 Per Cr NSE:4000 Per Cr | BSE:100 Per Cr
Commodity Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr
Brokerage Charges Complete Brokerage Plans for nuvama-wealth Complete Brokerage Plans for axisdirect
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Account Features

Compare Nuvama Wealth vs AxisDirect on Account Features

Compare Nuvama Wealth with AxisDirect on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - AxisDirect offers 3-in-1 account where Nuvama Wealth offers only 2-in-1 account which includes trading and demat account. Algo Trading - Nuvama Wealth offers Algo Trading where AxisDirect doesn't offers Algo Trading. Margin Funding - Both broker offers a margin funding. Interest need to be paid on borrowed money. NRI Trading - Both broker provides NRI Trading facility.

Account Features - Nuvama Wealth with AxisDirect
Account Features Compare Nuvama Wealth AxisDirect
3 in 1 Account No Nuvama Wealth have 2-in-1 account. Only Demate and Trading account. Yes, Nuvama Wealth have 3-in-1 accounts. Bank Account, Demat and Trading account.
Charting Yes Yes
Algo Trading Yes No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes Yes
Combined Ledger for Equity and Commodity No Yes
Intraday Square-off Time 3:15PM 2:45 PM
NRI Trading Yes Yes
Other Features NIL NIL
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Trading Platform

Compare Nuvama Wealth vs AxisDirect on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Nuvama Wealth and AxisDirect. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided links for mobile app to download and demo links for easy access.

Trading Platform - Compare Nuvama Wealth with AxisDirect
Trading Platform Compare Nuvama Wealth AxisDirect
Desktop Trading Platform Xtreme Trader Ring
Desktop Demo Desktop Demo Desktop Demo
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://tlounge.edelweiss.in/Login https://login.axisdirect.in/
Web Trading Demo Info Not Available Web Trading Demo
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App Nuvama Mobile Trader AxisDirect Ring Mobile App
Mobile Trading App Demo Nuvama Mobile Trader Demo AxisDirect Ring Mobile App Demo
Android Mobile App Yes Yes
Android App Download Andriod Nuvama Mobile Trader Download Andriod AxisDirect Ring Mobile App Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS Nuvama Mobile Trader Download iOS AxisDirect Ring Mobile App Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
Trading Software Charges Free Yes, DirectTrade - Rs 2999 PA
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Nuvama Wealth Equity Intraday and Delivery Brokerage Calculator for AxisDirect
Futures Brokerage Calculator Futures Brokerage Calculator for Nuvama Wealth Futures Brokerage Calculator for AxisDirect
Options Brokerage Calculator Options Brokerage Calculator for Nuvama Wealth Options Brokerage Calculator for AxisDirect
Detail Detail on Trading Platforms for nuvama-wealth Detail on Trading Platforms for axisdirect

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Broker Ratings by Users

Compare Nuvama Wealth vs AxisDirect on User Rating

  Nuvama Wealth AxisDirect
  4 Customer Reviews    Rate Nuvama Wealth 6 Customer Reviews    Rate AxisDirect
Fees Ratings 2.8 2.5
Trading Brokerage Rating 3.0 2.0
Trading Platform Usability 3.5 3.2
Customer Service Ratings 1.8 2.7
Overall Ratings 2.0 2.3
Broker Rating Nuvama Wealth is Rated 2.0 / 5 based on 4 customer reviews AxisDirect is Rated 2.3 / 5 based on 6 customer reviews
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Investment Offerings

Compare Nuvama Wealth vs AxisDirect on Investment Offerings

Compare Nuvama Wealth with AxisDirect on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - Both broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Both broker offers trading options in Commodity (MCX). Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - Nuvama Wealth provide PMS Service where AxisDirect doesn't offer

Investment Offerings - Compare Nuvama Wealth with AxisDirect
Investment Offerings Compare Nuvama Wealth AxisDirect
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity Yes Yes
Online IPO Application No Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
ETF Yes Yes
Banking No Yes
Insurance Yes Yes
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment Yes Yes
PMS Service Yes No
Other Investment Options NIL NIL
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Order Types

Compare Nuvama Wealth vs AxisDirect on Order Types

Order Type - Compare Nuvama Wealth with AxisDirect on offerings of order types. All the brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order type like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - both brokers provides Cover Orders (CO). You can trade in equity and index derivatives using Cover Orders. Cover Orders (CO) are placing a compulsory stop loss and this is an Intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Both broker don't have Bracket Orders (BO).With the name its cleare in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- both offers AMO facilities. The orders are sent to exchange on the next trading day. GTC Orders- AxisDirect offers Good Till Cancelled (GTC) orders where Nuvama Wealth doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare Nuvama Wealth with AxisDirect
Order Type Compare Nuvama Wealth AxisDirect
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes Yes
Bracket order No No
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled No Yes
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Customer Service Offered

Compare Nuvama Wealth vs AxisDirect on Customer Service

Compare Nuvama Wealth with AxisDirect on customer service offered by the broker. This section compares types of service offered by each broker for a quick resolution for query/issue you have.

Customer Support - Compare Nuvama Wealth with AxisDirect
Customer Service Compare Nuvama Wealth AxisDirect
24/7 Customer Service Nuvama Wealth vs AxisDirect - 24x7 customer support No No
Email Support Nuvama Wealth vs AxisDirect - Email Support Yes Yes
Onine Live Chat Nuvama Wealth vs AxisDirect - Onine Live Chat No Yes
Phone Support Nuvama Wealth vs AxisDirect - Phone Support Yes Yes
Toll Free Number Nuvama Wealth vs AxisDirect - Toll Free Number Yes Yes
Through Branches Nuvama Wealth vs AxisDirect - Through Branches Yes Yes
Customer Care Number Nuvama Wealth vs AxisDirect - Customer Care Number 1800 102 3335 022-61480808
Account Opening Process Nuvama Wealth vs AxisDirect - Account Opening Process Online/Paperless Online
Customer Support Email Nuvama Wealth vs AxisDirect - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Nuvama Wealth vs AxisDirect - Knowledge Center/Education https://www.nuvamawealth.com/investology https://simplehai.axisdirect.in/learn/overview
Head Office Address Nuvama Wealth vs AxisDirect - Head Office Address/Corporate Address Edelweiss House,
Off CST Road,
Kalina,
Mumbai - 400098
Unit No. 2, Phoenix Market City,
15, LBS Road,
Near Kamani Junction,
Kurla (West),
Mumbai- 400 070.
Website Nuvama Wealth vs AxisDirect - Company Website https://www.nuvamawealth.com/ https://simplehai.axisdirect.in
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Tips/Research/Reports Published

Compare Nuvama Wealth vs AxisDirect on Research Reports, Tips

Compare Nuvama Wealth with AxisDirect on research reports and tips provided by the broker.

Research Reports - Compare Nuvama Wealth with AxisDirect
  Nuvama Wealth AxisDirect
Research Mutual Funds Nuvama Wealth vs AxisDirect - Research Mutual Funds Yes Yes
Research Equity Reports Nuvama Wealth vs AxisDirect - Research Equity Reports Yes Yes
Research ETF Nuvama Wealth vs AxisDirect - Research ETF Yes Yes
Daily Market Report Nuvama Wealth vs AxisDirect - Daily Market Report Yes Yes
Free Tips Nuvama Wealth vs AxisDirect - Free Tips Yes Yes
Quarterly Result Analysis Nuvama Wealth vs AxisDirect - Quarterly Results Yes Yes
News Alerts Nuvama Wealth vs AxisDirect - Yes Yes
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Demat Account

Compare Nuvama Wealth vs AxisDirect on Demat Account

Compare Nuvama Wealth with AxisDirect on Demat Service and Charges. When compare Broker A with Broker B on Dmeat account, we mainly focus on two points - Demat AMC and Debit Transaction Charges.

Demat AMC are the charges which one need to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is your recurring cost, so one should consider this cost when opening Demat account.

Demat AMC for Nuvama Wealth is Free (₹1500 one time charges) where for AxisDirect is ₹500 pa. Nuvama Wealth is a better choice in terms of Demat AMC compare to AxisDirect.

Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading – when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay.

Transaction charges on debit of ISIN for Nuvama Wealth is 0.02% of transaction value or ₹20 per transaction whichever is higher where for AxisDirect is ₹10.You can see this charges on debit of Equity/Mutual Funds from your demat account.

This section covers about demat charges, demat service and other details

Demat Charges - Compare Nuvama Wealth with AxisDirect
  Nuvama Wealth AxisDirect
DP Source CDSL CDSL
DP ID Nuvama Wealth vs AxisDirect - DP ID 19100 49200
Demat Account Annual Maintenance Charges(AMC) Free (₹1500 one time charges) ₹500 pa
Advance Deposit NIL Nil
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.02% of transaction value or ₹20 per transaction whichever is higher ₹10
Demat ₹2 per certificate + ₹30 courier charges ₹3 per certificate
Remat ₹10 for every hundred securities after that ₹10 per request + ₹30 request charges ₹10 for every hundred securities (Min ₹10)
Pledge Creation 0.02% of transaction value (Min ₹50) ₹25
Pledge Creation Confirmation Nil ₹25
Pledge Closure 0.02% of transaction value (Min ₹50) ₹25
Pledge Closure Confirmation Nil ₹25
Pledge Invocation 0.02% of transaction value (Min ₹50) Nil
Failed Instruction Charges Nil Nil
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare Nuvama Wealth vs AxisDirect on Special Offers and Promotion

Compare Nuvama Wealth with AxisDirect on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.

Compare Nuvama Wealth vs AxisDirect on Special Offers and Promotion
  Nuvama Wealth AxisDirect
Pay In and Pay Out Options Nuvama Wealth vs AxisDirect - Pay In and Pay Out Options Pay-in/adding funds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from Terminal X3,Nuvama Web,Mobile Trader.
Pay-out/Fund Withdrawal - Bank Transfer only
Pay-in/adding funds - Cheque, Online Bank Transfer from Axis Bank.
Pay-out/Fund Withdrawal - Bank Transfer only.
Payout Time Nuvama Wealth vs AxisDirect - Payout Time Upto 24 Hrs except Bank Holidays. Instant to Axis Bank.
Bank Supported and Charges Nuvama Wealth vs AxisDirect - Bank Supported and Charges Info Not Available Info Not Available
Bank Detail Nuvama Wealth,
Account Number:EBL1XXXXXXXXX
Bank and Branch: CitiBank, Mumbai
Account Type: Current Account
IFSC Code: CITI0100000
Direct from your Axis bank account.
Likes
  • Multiple products; equity, derivatives, IPO, mutual funds, bonds, debt instruments.
  • Trade at Rs 10/order flat brokerage
  • Free Guided Portfolio, an expert-curated basket for investors
  • User-friendly interface of Markets mobile app and TX3 terminal
  • Get free expert research reports and trading tips.
  • Place bracket order, cover order, and GTD order.
  • Investology, is a stock market learning platform for beginners to experts.
  • Margin trading facility.
  • Decent physical presence with branches

Detail Review...

  • Open paperless 3-in-1 account (Bank + Demat + Trading).
  • One-stop shop to trade on BSE, NSE, and MCX.
  • Zero Demat AMC for 1st year for Axis Bank account holders.
  • Multiple brokerage plans for traders and investors.
  • Trade in options at flat Rs. 10/order.
  • Unlimited Brokerage-free options trading for the first month.
  • Ring revolutionary app and desktop-based platforms provide an investment opportunity.
  • Free trading tools like scanners, options strategies, advanced charting, & indicators.
  • Get free trading calls, investment ideas, and research reports.
  • Hassle-free investment in bonds & debenture on the “Yield” platform.
  • AI-powered investment ideas and wealth management advisory services.
  • Buy Now and Pay Later with E-margin.
  • Free 20 calls per month.

Detail Review...

Dislikes
  • NRI trading is not offered.
  • No 3-in-1 account opening services
  • Call & trade and research services are available at additional cost in Lite plan.
  • Brokerage charges are high in the Elite % based pricing plan.

Detail Review...

  • High account opening fees.
  • It charges a higher brokerage fee than discount brokers like Zerodha, Upstox, etc.
  • It does not have a flat discount brokerage plan.

Detail Review...

Special Offers/Promo Get Axis Direct 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds.
Enquiry Open Nuvama Wealth Account Now>> Open Zerodha Account Now>>

Last Updated on 2024-01-15T22:01:18+00:00