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Geojit Vs Nuvama Wealth: Which one is better?

Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities. The brokerage of Geojit Max .03 to .3% per trade while the brokerage of Nuvama Wealth ranges between Rs 10. Geojit is a Full Service Broker where Nuvama Wealth is a Discount Broker. Geojit is having overall higher rating compare to Nuvama Wealth. Geojit is rated 4 out of 5 where Nuvama Wealth is rated only 3.5 out of 5. Number of active customer for Geojit is 2,43,444 where number of active customer for Nuvama Wealth is 1,74,590. Geojit is serving more customer compare to Nuvama Wealth.

Here we present side-by-side comparison of Geojit vs Nuvama Wealth share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared Geojit vs Nuvama Wealth'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 Geojit vs Nuvama Wealth share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared Geojit vs Nuvama Wealth'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 Geojit vs Nuvama Wealth on Service

  Geojit Compare
Geojit
Nuvama Wealth Compare
Nuvama Wealth
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Full Service Broker Discount Broker
Exchanges Supported What is this parameter? BSE, NSE, MCX, NCDEX BSE, NSE, MCX, NCDEX
Active Clients 2,43,444 1,74,590
Broker Overview Open a Free Demat Account online with Geojit BNP Paribas today to start online trading on the state-of-the-art trading platforms; SELFIE app, web, and desktop terminal, and also get financial planning, portfolio management services, and get free acce... Know more about Geojit 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
Broker Enquiry Request call back from Zerodha Request call back from Nuvama Wealth
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Account Opening Charges and AMC

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

Comparison of Geojit with Nuvama Wealth on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - Geojit charges Rs 700 PA AMC for Demat account where Nuvama Wealth charges Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year] AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Geojit with Nuvama Wealth
Charges Geojit Nuvama Wealth
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 700 PA Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year]
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Geojit vs Nuvama Wealth on Plan Options

Plans are the most important feature you look when compare Geojit with Nuvama Wealth. This section compare on high level about type of plans offered by brokers. Multiple Plans - Nuvama Wealth provides Multiple Plans where Geojit doesn't offer. Monthly Plans - Both the brokers don't have Monthly Plans.

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

Account Opening

  Zerodha Nuvama Wealth
Account Opening Request
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Brokerage Charges

Compare Geojit vs Nuvama Wealth on Brokerage Charges

Geojit Brokerage Plan detail - This is a standard plan by Geojit This is % based brokerage plan.This is % based brokerage plan. Brokerage is between .03% to .3%, which is 3 paisa to 30 paisa.

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.

Brokerage Charges - Compare Geojit with Nuvama Wealth
Brokerage Charges Compare Geojit Nuvama Wealth
Plan Name Online Trading Plan (Percentage Based) Nuvama Lite
Equity Delivery 0.30% or 30 paisa Flat Rs. 10 per executed order
Equity Intraday 0.03% or 3 paisa Flat Rs. 10 per executed order
Equity Futures 0.01% Flat Rs. 10 per executed order
Equity Options Rs 50 Per Lot Flat Rs. 10 per executed order
Currency Futures 0.03% or 3 paisa Flat Rs. 10 per executed order
Currency Options Rs 50 Per Lot Flat Rs. 10 per executed order
Commodity Trading 0.05% (Buy and sell)| Options: Rs. 150/lot| Option 0.01%
Minimum Brokerage 1p per share or Rs 20/contract whichever is higher NIL
Hidden Charges Info Not Available Info Not Available
Funding Yes - 20% interest PA Yes - 24% interest PA
Call & Trade Charges Free Rs 20 per call
Auto Square off Charges Free Rs 20
Brokerage Calculator Brokerage Calculator for Geojit Brokerage Calculator for Nuvama Wealth
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Share Broker's Transaction Charges

Compare Geojit vs Nuvama Wealth on Transaction Charges

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

Transaction Charges - Compare Geojit with Nuvama Wealth
Transaction Charges Compare Geojit Nuvama Wealth
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 Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr
Brokerage Charges Complete Brokerage Plans for geojit Complete Brokerage Plans for nuvama-wealth
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Account Features

Compare Geojit vs Nuvama Wealth on Account Features

Compare Geojit with Nuvama Wealth on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - both the brokers offers 2-in-1 account which includes trading and demat account. Algo Trading - Nuvama Wealth offers Algo Trading where Geojit 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 - Geojit with Nuvama Wealth
Account Features Compare Geojit Nuvama Wealth
3 in 1 Account No Geojit have 2-in-1 account. Only Demate and Trading account. No Geojit have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading No Yes
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes Yes
Combined Ledger for Equity and Commodity Yes No
Intraday Square-off Time 3:15PM 3:15PM
NRI Trading Yes Yes
Other Features NIL NIL
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Trading Platform

Compare Geojit vs Nuvama Wealth on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Geojit and Nuvama Wealth. 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 Geojit with Nuvama Wealth
Trading Platform Compare Geojit Nuvama Wealth
Desktop Trading Platform SELFIE Platinum Xtreme Trader
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://selfie.geojit.net/ https://tlounge.edelweiss.in/Login
Web Trading Demo Web Trading Demo Info Not Available
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App SELFIE Geojit Nuvama Mobile Trader
Mobile Trading App Demo SELFIE Geojit Demo Nuvama Mobile Trader Demo
Android Mobile App Yes Yes
Android App Download Andriod SELFIE Geojit Download Andriod Nuvama Mobile Trader Download
iPhone Mobile App (IOS) No Yes
iOS App Download iOS SELFIE Geojit Download iOS Nuvama Mobile Trader Download
Android Tablet App Yes Yes
iPad App (IOS) No Yes
Trading Software Charges Free Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Geojit Equity Intraday and Delivery Brokerage Calculator for Nuvama Wealth
Futures Brokerage Calculator Futures Brokerage Calculator for Geojit Futures Brokerage Calculator for Nuvama Wealth
Options Brokerage Calculator Options Brokerage Calculator for Geojit Options Brokerage Calculator for Nuvama Wealth
Detail Detail on Trading Platforms for geojit Detail on Trading Platforms for nuvama-wealth

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Broker Ratings by Users

Compare Geojit vs Nuvama Wealth on User Rating

  Geojit Nuvama Wealth
  79 Customer Reviews    Rate Geojit 4 Customer Reviews    Rate Nuvama Wealth
Fees Ratings 3.6 2.8
Trading Brokerage Rating 3.4 3.0
Trading Platform Usability 3.9 3.5
Customer Service Ratings 3.8 1.8
Overall Ratings 3.7 2.0
Broker Rating Geojit is Rated 3.7 / 5 based on 79 customer reviews Nuvama Wealth is Rated 2.0 / 5 based on 4 customer reviews
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Investment Offerings

Compare Geojit vs Nuvama Wealth on Investment Offerings

Compare Geojit with Nuvama Wealth 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) - both the brokers provides PMS Service. You can invest in stocks/equity/bonds using PMS.

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

Compare Geojit vs Nuvama Wealth on Order Types

Order Type - Compare Geojit with Nuvama Wealth 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) - Nuvama Wealth provides Cover Orders (CO) where Geojit doesn't offer,Cover Orders (CO) is placed an compulsory stop loss and this is a 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- Geojit offers Good Till Cancelled (GTC) orders where Nuvama Wealth doesn't support Good Till Cancelled (GTC) orders.

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

Compare Geojit vs Nuvama Wealth on Customer Service

Compare Geojit with Nuvama Wealth 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 Geojit with Nuvama Wealth
Customer Service Compare Geojit Nuvama Wealth
24/7 Customer Service Geojit vs Nuvama Wealth - 24x7 customer support No No
Email Support Geojit vs Nuvama Wealth - Email Support Yes Yes
Onine Live Chat Geojit vs Nuvama Wealth - Onine Live Chat No No
Phone Support Geojit vs Nuvama Wealth - Phone Support Yes Yes
Toll Free Number Geojit vs Nuvama Wealth - Toll Free Number Yes Yes
Through Branches Geojit vs Nuvama Wealth - Through Branches Yes Yes
Customer Care Number Geojit vs Nuvama Wealth - Customer Care Number 1800-425-5501/1800-103-5501/91-484-2405822 1800 102 3335
Account Opening Process Geojit vs Nuvama Wealth - Account Opening Process Offline Online/Paperless
Customer Support Email Geojit vs Nuvama Wealth - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Geojit vs Nuvama Wealth - Knowledge Center/Education https://insights.geojit.com/ https://www.nuvamawealth.com/investology
Head Office Address Geojit vs Nuvama Wealth - Head Office Address/Corporate Address Geojit Financial Services Ltd.
34/659-P,
Civil Line Road Padivattom,
Kochi 682024
Edelweiss House,
Off CST Road,
Kalina,
Mumbai - 400098
Website Geojit vs Nuvama Wealth - Company Website https://www.geojit.com/ https://www.nuvamawealth.com/
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Tips/Research/Reports Published

Compare Geojit vs Nuvama Wealth on Research Reports, Tips

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

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

Compare Geojit vs Nuvama Wealth on Demat Account

Compare Geojit with Nuvama Wealth 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 Geojit is ₹600 pa. Nuvama Wealth is a better choice in terms of Demat AMC compare to Geojit.

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 Geojit is 0.02% of transaction value (Max ₹40) + CDSL charges where for Nuvama Wealth is 0.02% of transaction value or ₹20 per transaction whichever is higher.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 Geojit with Nuvama Wealth
  Geojit Nuvama Wealth
DP Source CDSL CDSL
DP ID Geojit vs Nuvama Wealth - DP ID 48900 19100
Demat Account Annual Maintenance Charges(AMC) ₹600 pa Free (₹1500 one time charges)
Advance Deposit NIL NIL
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.02% of transaction value (Max ₹40) + CDSL charges 0.02% of transaction value or ₹20 per transaction whichever is higher
Demat ₹100 per demat request max 5 + ₹20 each additional certificate ₹2 per certificate + ₹30 courier charges
Remat ₹10 per certificate or ₹10 per certificate which ever is higher + ₹35 courier charges ₹10 for every hundred securities after that ₹10 per request + ₹30 request charges
Pledge Creation ₹50 per transaction 0.02% of transaction value (Min ₹50)
Pledge Creation Confirmation Nil Nil
Pledge Closure Nil 0.02% of transaction value (Min ₹50)
Pledge Closure Confirmation Nil Nil
Pledge Invocation ₹50 per transaction 0.02% of transaction value (Min ₹50)
Failed Instruction Charges Nil Nil
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare Geojit vs Nuvama Wealth on Special Offers and Promotion

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

Compare Geojit vs Nuvama Wealth on Special Offers and Promotion
  Geojit Nuvama Wealth
Pay In and Pay Out Options Geojit vs Nuvama Wealth - Pay In and Pay Out Options Pay-in/adding funds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from SELFIE Trading Platform.
Pay-out/Fund Withdrawal - Bank Transfer only
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
Payout Time Geojit vs Nuvama Wealth - Payout Time Upto 24 Hrs except Bank Holidays. Upto 24 Hrs except Bank Holidays.
Bank Supported and Charges Geojit vs Nuvama Wealth - Bank Supported and Charges Info Not Available Info Not Available
Bank Detail Info Not Available Nuvama Wealth,
Account Number:EBL1XXXXXXXXX
Bank and Branch: CitiBank, Mumbai
Account Type: Current Account
IFSC Code: CITI0100000
Likes
  • Trade and invest in stocks, derivatives, commodities, and currencies.
  • Zero account opening charges and Zero AMC.
  • 3-in-1 account opening.
  • Invest in smartfolios, a basket of stocks.
  • Diversify your portfolio with global investment.
  • In-depth stocks and mutual fund research access for free.
  • STEPS, comprehensive financial planning, and investment advisory
  • Apply for IPO and invest in mutual funds.
  • Secure & user-friendly SELFIE superfast platform in web, app, and desktop versions.
  • FundsGenie, a dedicated mutual fund app platform.
  • Great quality customer care support.
  • 4x exposure on Margin trading facility (MTF).
  • Place buy and sell GTT order.
  • Loans against shares.

Detail Review...

  • 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...

Dislikes
  • Geojit charges relatively high brokerage compared to other full-service brokers like Angel One, Edelweiss.
  • FundsGenie mutual fund app is not available for iOS platform users.

Detail Review...

  • 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...

Special Offers/Promo
Enquiry Open Zerodha Account Now>> Open Nuvama Wealth Account Now>>

Last Updated on 2023-09-12T06:18:34+00:00