FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities. The brokerage of Nuvama Wealth Max Rs 10 per trade while the brokerage of MasterTrust ranges between 0.01 to .1%. Nuvama Wealth is a Discount Broker where MasterTrust is a Full Service Broker. Nuvama Wealth is having overall higher rating compare to MasterTrust. Nuvama Wealth is rated 3.5 out of 5 where MasterTrust is rated only 3 out of 5. Number of active customer for Nuvama Wealth is 1,73,589 where number of active customer for MasterTrust is 60,064. Nuvama Wealth is serving more customer compare to MasterTrust.
Here we present side-by-side comparison of Nuvama Wealth vs MasterTrust 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 MasterTrust'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 MasterTrust 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 MasterTrust's on
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.
Comparison of Nuvama Wealth with MasterTrust on trading & demat account opening charges and AMC. Trading account opening charges - Nuvama Wealth offer Free account opening where MasterTrust charges Rs 555 for account opening. Demat AMC charges - Nuvama Wealth charges Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year] AMC for Demat account where MasterTrust charges Rs 300 PA AMC for Demat account.
Charges | Nuvama Wealth | MasterTrust |
---|---|---|
Trading Account Opening Fees | Free | Rs 555 |
Trading AMC | Free | Free |
Demat Account Opening Fees | Free | Free |
Demat AMC | Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year] | Rs 300 PA |
Provide DP Service |
Plans are the most important feature you look when compare Nuvama Wealth with MasterTrust. This section compare on high level about type of plans offered by brokers. Multiple Plans - Nuvama Wealth provide Multiple Plans where MasterTrust doesn't offer. Monthly Plans - Both the brokers don't have Monthly Plans.
Plan Types | Nuvama Wealth | MasterTrust |
---|---|---|
Multiple Plans | ||
Monthly Plans | ||
Yearly Plans |
Nuvama Wealth | Zerodha | |
---|---|---|
Account Opening Request |
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.
MasterTrust Brokerage Plan detail - This plan is very competitive with �other full brokers in industry where .01% for Equity intraday and future and .1% foe delivery.
Brokerage Charges Compare | Nuvama Wealth | MasterTrust |
---|---|---|
Plan Name | Nuvama Lite | Basic Trading Plan (Percentage Based) |
Equity Delivery | Flat Rs. 10 per executed order | 0.1% or 10 paisa |
Equity Intraday | Flat Rs. 10 per executed order | 0.01% or 1 paisa |
Equity Futures | Flat Rs. 10 per executed order | 0.01% or 1 paisa |
Equity Options | Flat Rs. 10 per executed order | Rs 10 Per Lot |
Currency Futures | Flat Rs. 10 per executed order | 0.01% or 1 paisa |
Currency Options | Flat Rs. 10 per executed order | Rs 5 Per Lot |
Commodity Trading | 0.01% | 0.01% or 1 paisa |
Minimum Brokerage | NIL | NIL |
Hidden Charges | Info Not Available | Info Not Available |
Funding | Yes - 24% interest PA | Info Not Available |
Call & Trade Charges | Rs 20 per call | NA |
Auto Square off Charges | Rs 20 | NA |
Brokerage Calculator | Brokerage Calculator for Nuvama Wealth | Brokerage Calculator for MasterTrust |
Compare Nuvama Wealth with MasterTrust on transaction charges and PCM fee by segment.
Transaction Charges Compare | Nuvama Wealth | MasterTrust |
---|---|---|
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 nuvama-wealth | Complete Brokerage Plans for mastertrust |
Compare Nuvama Wealth with MasterTrust 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 - both offers Algo trading/Automated Trading/Robotic trading/Program Trading for equity. 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 Compare | Nuvama Wealth | MasterTrust |
---|---|---|
3 in 1 Account | ||
Charting | ||
Algo Trading | ||
SMS Alerts | ||
Online Demo | ||
Online Portfolio | ||
Margin Trading Funding Available | ||
Combined Ledger for Equity and Commodity | ||
Intraday Square-off Time | 3:15PM | 3:15PM |
NRI Trading | ||
Other Features | NIL | NIL |
With our expert research team, we have compared all the major features of Trading platform b/w Nuvama Wealth and MasterTrust. 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 | MasterTrust |
---|---|---|
Desktop Trading Platform | Xtreme Trader | OMNESYS NEST |
Desktop Demo | Desktop Demo | Info Not Available |
Desktop Platform (Windows) | ||
Desktop Platform (Mac) | ||
Web Trading Platform | ||
Web Trading Detail | https://tlounge.edelweiss.in/Login | http://direct.mastermarts.com/ |
Web Trading Demo | Info Not Available | Info Not Available |
Mobile Site | ||
Mobile Trading | ||
Mobile Trading App | Nuvama Mobile Trader | mastermobile |
Mobile Trading App Demo | Nuvama Mobile Trader Demo | Info Not Available |
Android Mobile App | ||
Android App Download | Andriod Nuvama Mobile Trader Download | Andriod mastermobile Download |
iPhone Mobile App (IOS) | ||
iOS App Download | iOS Nuvama Mobile Trader Download | iOS mastermobile Download |
Android Tablet App | ||
iPad App (IOS) | ||
Trading Software Charges | Free | Info Not Available |
Equity Brokerage Calculator | Equity Intraday and Delivery Brokerage Calculator for Nuvama Wealth | Equity Intraday and Delivery Brokerage Calculator for MasterTrust |
Futures Brokerage Calculator | Futures Brokerage Calculator for Nuvama Wealth | Futures Brokerage Calculator for MasterTrust |
Options Brokerage Calculator | Options Brokerage Calculator for Nuvama Wealth | Options Brokerage Calculator for MasterTrust |
Detail | Detail on Trading Platforms for nuvama-wealth | Detail on Trading Platforms for mastertrust |
Compare Nuvama Wealth with MasterTrust 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 MasterTrust doesn't offer
Investment Offerings Compare | Nuvama Wealth | MasterTrust |
---|---|---|
Equity Cash and F&O | ||
Currency Deravitives | ||
Commodity | ||
Online IPO Application | ||
Mutual Funds | ||
Bond / NCD | ||
ETF | ||
Banking | ||
Insurance | ||
Forex | ||
MF SIP Investment | ||
Equity SIP Investment | ||
PMS Service | ||
Other Investment Options | NIL | Mutual Funds and Insurance |
Order Type - Compare Nuvama Wealth with MasterTrust 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 provide Cover Orders (CO) where MasterTrust 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- Both broker doesn't support Good Till Cancelled (GTC) orders.
Order Type Compare | Nuvama Wealth | MasterTrust |
---|---|---|
CNC order | ||
MIS order | ||
NRML order | ||
Cover order | ||
Bracket order | ||
AMO-After Market Orders | ||
GTC-Good Till Cancelled |
Compare Nuvama Wealth with MasterTrust 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 Service Compare | Nuvama Wealth | MasterTrust |
---|---|---|
24/7 Customer Service | ||
Email Support | ||
Onine Live Chat | ||
Phone Support | ||
Toll Free Number | ||
Through Branches | ||
Customer Care Number | 1800 102 3335 | Info Not Available |
Account Opening Process | Online/Paperless | Info Not Available |
Customer Support Email | [email protected] | Info Not Available |
Knowledge Center/Education | https://www.nuvamawealth.com/investology | Info Not Available |
Head Office Address | Edelweiss House, Off CST Road, Kalina, Mumbai - 400098 |
Info Not Available |
Website | https://www.nuvamawealth.com/ | Info Not Available |
Compare Nuvama Wealth with MasterTrust on research reports and tips provided by the broker.
Compare Nuvama Wealth with MasterTrust 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 MasterTrust is ₹300 pa (Second Year Onwards). Nuvama Wealth is a better choice in terms of Demat AMC compare to MasterTrust.
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 MasterTrust is ₹50.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
Compare Nuvama Wealth with MasterTrust on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.
Nuvama Wealth | MasterTrust | |
---|---|---|
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 |
Info Not Available |
Payout Time | Upto 24 Hrs except Bank Holidays. | Info Not Available |
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 |
Info Not Available |
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Dislikes |
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Brokerage not displayed online, Not a 3 in 1 account, high transaction charges. |
Special Offers/Promo | ||
Enquiry | Open Nuvama Wealth Account Now>> | Open Zerodha Account Now>> |
Last Updated on 2024-01-15T22:01:18+00:00