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HDFC Sky 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 HDFC Sky Max Rs 20 per trade while the brokerage of Nuvama Wealth Max Rs 10 per trade. Both the brokers are Discount Brokers. HDFC Sky is having overall higher rating compare to Nuvama Wealth. HDFC Sky is rated 4 out of 5 where Nuvama Wealth is rated only 3.5 out of 5. Number of active customer for HDFC Sky is 10,88,561 where number of active customer for Nuvama Wealth is 1,74,590. HDFC Sky is serving more customer compare to Nuvama Wealth.

Here we present side-by-side comparison of HDFC Sky 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 HDFC Sky 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 HDFC Sky 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 HDFC Sky 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 HDFC Sky vs Nuvama Wealth on Service

  HDFC Sky Compare
HDFC Sky
Nuvama Wealth Compare
Nuvama Wealth
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Discount Broker Discount Broker
Exchanges Supported What is this parameter? NSE, BSE, MCX BSE, NSE, MCX, NCDEX
Active Clients 10,88,561 1,74,590
Broker Overview HDFC Sky is the only bank-based discount stock broker in India. Free demat and trading account opening, Rs 20/order maximum brokerage charges across all segments, simple yet elegant user interface enabled HDFC Sky mobile app, and free research & advi... Know more about HDFC Sky 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 HDFC Sky vs Nuvama Wealth on Trading & Demat Account Opening Charges

Comparison of HDFC Sky 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 - HDFC Sky charges Rs 240 PA (Free for 1st year) 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 HDFC Sky with Nuvama Wealth
Charges HDFC Sky Nuvama Wealth
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 240 PA (Free for 1st year) Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year]
Provide DP Service Yes Yes
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About Brokerage Plans

Compare HDFC Sky vs Nuvama Wealth on Plan Options

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

Compare HDFC Sky with Nuvama Wealth on Plan Options
Plan Types HDFC Sky 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 HDFC Sky vs Nuvama Wealth on Brokerage Charges

HDFC Sky Brokerage Plan detail - HDFC Sky follows a fixed pricing model that charges a maximum of Rs 20 per order brokerage fee across segments.

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 HDFC Sky with Nuvama Wealth
Brokerage Charges Compare HDFC Sky Nuvama Wealth
Plan Name Fixed pricing model Nuvama Lite
Equity Delivery 0.1% or Rs 20 whichever is lower Flat Rs. 10 per executed order
Equity Intraday 0.1% or Rs 20 whichever is lower Flat Rs. 10 per executed order
Equity Futures 0.1% or Rs 20 whichever is lower Flat Rs. 10 per executed order
Equity Options Flat Fee Rs 20 Flat Rs. 10 per executed order
Currency Futures 0.1% or Rs 20 whichever is lower Flat Rs. 10 per executed order
Currency Options Flat Fee Rs 20 Flat Rs. 10 per executed order
Commodity Trading Flat Fee Rs 20 0.01%
Minimum Brokerage NIL NIL
Hidden Charges No Info Not Available
Funding Yes - 12% interest PA Yes - 24% interest PA
Call & Trade Charges Rs 20 per call Rs 20 per call
Auto Square off Charges 0.1% or Rs 20 whichever is lower Rs 20
Brokerage Calculator Brokerage Calculator for HDFC Sky Brokerage Calculator for Nuvama Wealth
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Share Broker's Transaction Charges

Compare HDFC Sky vs Nuvama Wealth on Transaction Charges

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

Transaction Charges - Compare HDFC Sky with Nuvama Wealth
Transaction Charges Compare HDFC Sky 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 NA Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr
Brokerage Charges Complete Brokerage Plans for hdfc-sky Complete Brokerage Plans for nuvama-wealth
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Account Features

Compare HDFC Sky vs Nuvama Wealth on Account Features

Compare HDFC Sky with Nuvama Wealth on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - HDFC Sky 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 HDFC Sky 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 - HDFC Sky with Nuvama Wealth
Account Features Compare HDFC Sky Nuvama Wealth
3 in 1 Account Yes, HDFC Sky have 3-in-1 accounts. Bank Account, Demat and Trading account. No HDFC Sky 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 HDFC Sky vs Nuvama Wealth on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w HDFC Sky 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 HDFC Sky with Nuvama Wealth
Trading Platform Compare HDFC Sky Nuvama Wealth
Desktop Trading Platform HDFC Sky Xtreme Trader
Desktop Demo Desktop Demo Desktop Demo
Desktop Platform (Windows) No Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://hdfcsky.com/ 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 HDFC Sky App Nuvama Mobile Trader
Mobile Trading App Demo HDFC Sky App Demo Nuvama Mobile Trader Demo
Android Mobile App Yes Yes
Android App Download Andriod HDFC Sky App Download Andriod Nuvama Mobile Trader Download
iPhone Mobile App (IOS) No Yes
iOS App Download iOS HDFC Sky App Download iOS Nuvama Mobile Trader Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
Trading Software Charges Free Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for HDFC Sky Equity Intraday and Delivery Brokerage Calculator for Nuvama Wealth
Futures Brokerage Calculator Futures Brokerage Calculator for HDFC Sky Futures Brokerage Calculator for Nuvama Wealth
Options Brokerage Calculator Options Brokerage Calculator for HDFC Sky Options Brokerage Calculator for Nuvama Wealth
Detail Detail on Trading Platforms for hdfc-sky Detail on Trading Platforms for nuvama-wealth

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Broker Ratings by Users

Compare HDFC Sky vs Nuvama Wealth on User Rating

  HDFC Sky Nuvama Wealth
  97 Customer Reviews    Rate HDFC Sky 4 Customer Reviews    Rate Nuvama Wealth
Fees Ratings 2.4 2.8
Trading Brokerage Rating 2.1 3.0
Trading Platform Usability 2.9 3.5
Customer Service Ratings 2.8 1.8
Overall Ratings 2.4 2.0
Broker Rating HDFC Sky is Rated 2.4 / 5 based on 97 customer reviews Nuvama Wealth is Rated 2.0 / 5 based on 4 customer reviews
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Investment Offerings

Compare HDFC Sky vs Nuvama Wealth on Investment Offerings

Compare HDFC Sky 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) - Nuvama Wealth provides PMS Service where HDFC Sky doesn't offer

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

Compare HDFC Sky vs Nuvama Wealth on Order Types

Order Type - Compare HDFC Sky 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) - 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) - HDFC Sky provide Bracket Orders (BO) where Nuvama Wealth doesn't offer.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)- Nuvama Wealth offers After market orders where HDFC Sky doesn't offers AMO. GTC Orders- HDFC Sky offers Good Till Cancelled (GTC) orders where Nuvama Wealth doesn't support Good Till Cancelled (GTC) orders.

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

Compare HDFC Sky vs Nuvama Wealth on Customer Service

Compare HDFC Sky 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 HDFC Sky with Nuvama Wealth
Customer Service Compare HDFC Sky Nuvama Wealth
24/7 Customer Service HDFC Sky vs Nuvama Wealth - 24x7 customer support No No
Email Support HDFC Sky vs Nuvama Wealth - Email Support Yes Yes
Onine Live Chat HDFC Sky vs Nuvama Wealth - Onine Live Chat No No
Phone Support HDFC Sky vs Nuvama Wealth - Phone Support Yes Yes
Toll Free Number HDFC Sky vs Nuvama Wealth - Toll Free Number No Yes
Through Branches HDFC Sky vs Nuvama Wealth - Through Branches Yes Yes
Customer Care Number HDFC Sky vs Nuvama Wealth - Customer Care Number 1800 121 2109 1800 102 3335
Account Opening Process HDFC Sky vs Nuvama Wealth - Account Opening Process Online Online/Paperless
Customer Support Email HDFC Sky vs Nuvama Wealth - Customer Support Email [email protected] [email protected]
Knowledge Center/Education HDFC Sky vs Nuvama Wealth - Knowledge Center/Education https://hdfcsky.com/learn https://www.nuvamawealth.com/investology
Head Office Address HDFC Sky vs Nuvama Wealth - Head Office Address/Corporate Address LODHAI-I THINK TECHNO CAMPUS BLDG-ALPHA,
8 FLR, NEAR KANJURMARG RLYSTN,
KANJURMARG,
MUMBAI-MH-400042
Edelweiss House,
Off CST Road,
Kalina,
Mumbai - 400098
Website HDFC Sky vs Nuvama Wealth - Company Website https://hdfcsky.com/ https://www.nuvamawealth.com/
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Tips/Research/Reports Published

Compare HDFC Sky vs Nuvama Wealth on Research Reports, Tips

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

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

Compare HDFC Sky vs Nuvama Wealth on Demat Account

Compare HDFC Sky 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 HDFC Sky is ₹750 pa. Nuvama Wealth is a better choice in terms of Demat AMC compare to HDFC Sky.

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 HDFC Sky is 0.04% (Min ₹20) + 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 HDFC Sky with Nuvama Wealth
  HDFC Sky Nuvama Wealth
DP Source CDSL CDSL
DP ID HDFC Sky vs Nuvama Wealth - DP ID CDSL: 1209 19100
Demat Account Annual Maintenance Charges(AMC) ₹750 pa Free (₹1500 one time charges)
Advance Deposit Customer having only Depository relationship with the Bank has to pay an advance fee of Rs.7,500/- NIL
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.04% (Min ₹20) + CDSL charges 0.02% of transaction value or ₹20 per transaction whichever is higher
Demat ₹5 per certificate + ₹35 request charges ₹2 per certificate + ₹30 courier charges
Remat ₹30 ₹10 for every hundred securities after that ₹10 per request + ₹30 request charges
Pledge Creation Nil 0.02% of transaction value (Min ₹50)
Pledge Creation Confirmation 0.04% of transaction value (Min ₹40) Nil
Pledge Closure Nil 0.02% of transaction value (Min ₹50)
Pledge Closure Confirmation 0.04% of transaction value (Min ₹40) Nil
Pledge Invocation 0.04% of transaction value (Min ₹40) 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 HDFC Sky vs Nuvama Wealth on Special Offers and Promotion

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

Compare HDFC Sky vs Nuvama Wealth on Special Offers and Promotion
  HDFC Sky Nuvama Wealth
Pay In and Pay Out Options HDFC Sky vs Nuvama Wealth - Pay In and Pay Out Options Pay-in/adding funds - Cheque, Online Bank Transfer from HDFC Bank.
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 HDFC Sky vs Nuvama Wealth - Payout Time Instant to HDFC Bank. Upto 24 Hrs except Bank Holidays.
Bank Supported and Charges HDFC Sky vs Nuvama Wealth - Bank Supported and Charges Info Not Available Info Not Available
Bank Detail Direct from your HDFC bank account. Nuvama Wealth,
Account Number:EBL1XXXXXXXXX
Bank and Branch: CitiBank, Mumbai
Account Type: Current Account
IFSC Code: CITI0100000
Likes

Want to know why to trade with HDFC Sky, here are the promising reasons;

  • Instant paperless account opening
  • Zero account opening charges and no maintenance fee for 1st year
  • Invest in equity, F&O, currencies, and commodities
  • Invest in 2000+ mutual funds from 29+ fund houses
  • Lowest brokerage fee of Rs 20/order
  • Zero commission mutual fund investment.
  • Invest in expert-recommended mutual fund schemes.
  • Global market investment in US stocks and ETFs
  • Stacks: Expert-curated basket of US Stocks and ETFs
  • Trade on HDFC Sky app or web as per your convenience
  • Place advance orders like basket orders, bracket order, cover order, and GTT order.
  • Free research reports and daily trading calls or tips.
  • Learning platform for newbies to experts
  • No minimum balance commitments
  • No hidden charges

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
  • Delivery trading is not free while Zerodha offers free delivery trading
  • Desktop trading software is not available
  • Direct mutual funds are not offered.

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 2023-11-09T03:39:28+00:00