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Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities. The brokerage of Indira Securities Max 0.01% to 0.10% per trade while the brokerage of Nuvama Wealth ranges between Rs 10. Indira Securities is a Full Service Broker where Nuvama Wealth is a Discount Broker. Indira Securities is having overall higher rating compare to Nuvama Wealth. Indira Securities is rated 4 out of 5 where Nuvama Wealth is rated only 3.5 out of 5. Number of active customer for Nuvama Wealth is 1,73,589 where number of active customer for Indira Securities is 8,801. Nuvama Wealth is serving more customer compare to Indira Securities.
Here we present side-by-side comparison of Indira Securities 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 Indira Securities 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 Indira Securities 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 Indira Securities vs Nuvama Wealth'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.
 Indira Securities |
 Nuvama Wealth |
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|---|---|---|
| Overall Rating | ||
| Brokerage Charges | ||
| Trading Platform | ||
| Investments Offering | ||
| Customer Service | ||
Broker Type
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Full Service Broker | Discount Broker |
| Exchanges Supported
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NSE, BSE, MCX | BSE, NSE, MCX, NCDEX |
| Active Clients | 8,801 | 1,73,589 |
| Broker Overview | Open a free Indira Securities account and trade Faster and Smarter with Trade Insta Mobile app and Trader Terminal platform. Algo trading, free research calls & trading tips, portfolio management services, and mutual fund robotic advisory are the...  |
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... |
| Broker Enquiry |
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Comparison of Indira Securities 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 - Indira Securities charges Rs 400 PA AMC for Demat account where Nuvama Wealth charges Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year] AMC for Demat account.
| Charges | Indira Securities | Nuvama Wealth |
|---|---|---|
| Trading Account Opening Fees | Free | Free |
| Trading AMC | Free | Free |
| Demat Account Opening Fees | Free | Free |
| Demat AMC | Rs 400 PA | Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year] |
| Provide DP Service |  |
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Plans are the most important feature you look when compare Indira Securities with Nuvama Wealth. This section compare on high level about type of plans offered by brokers. Multiple Plans - Nuvama Wealth provides Multiple Plans where Indira Securities doesn't offer. Monthly Plans - Both the brokers don't have Monthly Plans.
| Plan Types | Indira Securities | Nuvama Wealth |
|---|---|---|
| Multiple Plans |  |
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| Monthly Plans | |
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| Yearly Plans | |
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| Zerodha | Nuvama Wealth | |
|---|---|---|
| Account Opening Request |
Indira Securities Brokerage Plan detail - Indira Trade offers a fixed % based brokerage plan to customers.
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 | Indira Securities | Nuvama Wealth |
|---|---|---|
| Plan Name | Traditional Brokerage Plan | Nuvama Lite |
| Equity Delivery | 0.10% | Flat Rs. 10 per executed order |
| Equity Intraday | 0.01% | Flat Rs. 10 per executed order |
| Equity Futures | 0.01% | Flat Rs. 10 per executed order |
| Equity Options | Rs. 25 per lot (both side) | Flat Rs. 10 per executed order |
| Currency Futures | Flat Fee Rs 20 | Flat Rs. 10 per executed order |
| Currency Options | Futures: 0.01%|Options: Rs. 25 per lot (both side) | Flat Rs. 10 per executed order |
| Commodity Trading | Futures: 0.01%|Options: Rs. 25 per lot (both side) | 0.01% |
| Minimum Brokerage | NA | NIL |
| Hidden Charges | Info Not Available | Info Not Available |
| Funding | Yes - 18% 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 Indira Securities | Brokerage Calculator for Nuvama Wealth |
Compare Indira Securities with Nuvama Wealth on transaction charges and PCM fee by segment.
| Transaction Charges Compare | Indira Securities | 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| Agri Rs 600 Per Cr | Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr |
| Brokerage Charges | Complete Brokerage Plans for indira-securities | Complete Brokerage Plans for nuvama-wealth |
Compare Indira Securities 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 - 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 | Indira Securities | Nuvama Wealth |
|---|---|---|
| 3 in 1 Account | |
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| Charting | |
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| Algo Trading | |
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| SMS Alerts | |
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| Online Demo | |
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| Online Portfolio | |
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| Margin Trading Funding Available | |
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| Combined Ledger for Equity and Commodity | |
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| Intraday Square-off Time | 3:15 PM | 3:15PM |
| NRI Trading | |
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| Other Features | NIL | NIL |
With our expert research team, we have compared all the major features of Trading platform b/w Indira Securities 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 | Indira Securities | Nuvama Wealth |
|---|---|---|
| Desktop Trading Platform | ODIN Diet | Xtreme Trader |
| Desktop Demo | Desktop Demo | Desktop Demo |
| Desktop Platform (Windows) | |
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| Desktop Platform (Mac) | |
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| Web Trading Platform | |
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| Web Trading Detail | https://www.indiratrade.com/trade-online | https://tlounge.edelweiss.in/Login |
| Web Trading Demo | Web Trading Demo | Info Not Available |
| Mobile Site | |
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| Mobile Trading | |
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| Mobile Trading App | TradeInsta | Nuvama Mobile Trader |
| Mobile Trading App Demo | TradeInsta Demo | Nuvama Mobile Trader Demo |
| Android Mobile App | |
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| Android App Download | Andriod TradeInsta Download | Andriod Nuvama Mobile Trader Download |
| iPhone Mobile App (IOS) | |
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| iOS App Download | iOS TradeInsta Download | iOS Nuvama Mobile Trader Download |
| Android Tablet App | |
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| iPad App (IOS) | |
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| Trading Software Charges | Free | Free |
| Equity Brokerage Calculator | Equity Intraday and Delivery Brokerage Calculator for Indira Securities | Equity Intraday and Delivery Brokerage Calculator for Nuvama Wealth |
| Futures Brokerage Calculator | Futures Brokerage Calculator for Indira Securities | Futures Brokerage Calculator for Nuvama Wealth |
| Options Brokerage Calculator | Options Brokerage Calculator for Indira Securities | Options Brokerage Calculator for Nuvama Wealth |
| Detail | Detail on Trading Platforms for indira-securities | Detail on Trading Platforms for nuvama-wealth |
| Indira Securities | Nuvama Wealth | |
|---|---|---|
1 Customer Reviews
 |
4 Customer Reviews
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| Fees Ratings | 2.0 | 2.8 |
| Trading Brokerage Rating | 4.0 | 3.0 |
| Trading Platform Usability | 2.0 | 3.5 |
| Customer Service Ratings | 2.0 | 1.8 |
| Overall Ratings | 3.0 | 2.0 |
| Broker Rating | Indira Securities is Rated 3.0 / 5 based on 1 customer reviews | Nuvama Wealth is Rated 2.0 / 5 based on 4 customer reviews |
Compare Indira Securities 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 Indira Securities doesn't offer
| Investment Offerings Compare | Indira Securities | Nuvama Wealth |
|---|---|---|
| Equity Cash and F&O | |
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| Currency Deravitives | |
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| Commodity | |
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| Online IPO Application | |
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| Mutual Funds | |
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| Bond / NCD | |
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| ETF | |
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| Banking | |
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| Insurance | |
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| Forex | |
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| MF SIP Investment | |
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| Equity SIP Investment | |
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| PMS Service | |
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| Other Investment Options | NIL | NIL |
Order Type - Compare Indira Securities 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) - Indira Securities 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)- both offers AMO facilities. The orders are sent to exchange on the next trading day. GTC Orders- Indira Securities offers Good Till Cancelled (GTC) orders where Nuvama Wealth doesn't support Good Till Cancelled (GTC) orders.
| Order Type Compare | Indira Securities | Nuvama Wealth |
|---|---|---|
| CNC order | |
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| MIS order | |
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| NRML order | |
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| Cover order | |
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| Bracket order | |
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| AMO-After Market Orders | |
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| GTC-Good Till Cancelled | |
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Compare Indira Securities 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 Service Compare | Indira Securities | Nuvama Wealth |
|---|---|---|
| 24/7 Customer Service
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| Email Support
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| Onine Live Chat
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| Phone Support
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| Toll Free Number
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| Through Branches
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| Customer Care Number
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+91-(0)731-4797105/115/146 | 1800 102 3335 |
| Account Opening Process
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Online/Paperless | Online/Paperless |
| Customer Support Email
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[email protected] | [email protected] |
| Knowledge Center/Education
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https://www.indiratrade.com/blog | https://www.nuvamawealth.com/investology |
| Head Office Address
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Edelweiss House, Off CST Road, Kalina, Mumbai - 400098 |
| Website
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https://www.indiratrade.com/ | https://www.nuvamawealth.com/ |
Compare Indira Securities with Nuvama Wealth on research reports and tips provided by the broker.
| Indira Securities | Nuvama Wealth | |
|---|---|---|
| Research Mutual Funds
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| Research Equity Reports
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| Research ETF
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| Daily Market Report
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| Free Tips
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| Quarterly Result Analysis
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| News Alerts
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Compare Indira Securities 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 Indira Securities is ₹450 pa (Second year onwards). Nuvama Wealth is a better choice in terms of Demat AMC compare to Indira Securities.
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 Indira Securities is ₹20 or 0.02% whichever is higher 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
| Indira Securities | Nuvama Wealth | |
|---|---|---|
| DP Source | CDSL | CDSL |
| DP ID
|
752000 | 19100 |
| Demat Account Annual Maintenance Charges(AMC) | ₹450 pa (Second year onwards) | Free (₹1500 one time charges) |
| Advance Deposit | Nil | NIL |
| Statutory charges | Nil | Nil |
| Transaction Charges on Debit (Per ISIN) | ₹20 or 0.02% whichever is higher | 0.02% of transaction value or ₹20 per transaction whichever is higher |
| Demat | ₹5 per certificate + ₹35 courier charges | ₹2 per certificate + ₹30 courier charges |
| Remat | ₹50 per RRN | ₹10 for every hundred securities after that ₹10 per request + ₹30 request charges |
| Pledge Creation | ₹50 | 0.02% of transaction value (Min ₹50) |
| Pledge Creation Confirmation | Nil | Nil |
| Pledge Closure | ₹50 | 0.02% of transaction value (Min ₹50) |
| Pledge Closure Confirmation | Nil | Nil |
| Pledge Invocation | ₹50 or 0.02% whichever is higher | 0.02% of transaction value (Min ₹50) |
| Failed Instruction Charges | ₹25 | Nil |
| Other Charges | Book Charges ₹20,POA Charges ₹130 | Nil |
Compare Indira Securities with Nuvama Wealth on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.
| Indira Securities | Nuvama Wealth | |
|---|---|---|
| Pay In and Pay Out Options
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Pay-in/adding funds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from TradeInsta. 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
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Max 24 hrs except bank holidays |
Upto 24 Hrs except Bank Holidays. |
| Bank Supported and Charges
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Around 25 banks allow instant credit facility with charges of Rs 9 from IndiraTrade trading platform (TradeInsta). |
Info Not Available |
| Bank Detail | HDFC Bank
Account#00360340002251 Branch: U.V.HOUSE SOUTH TUKOGANJ, INDORE, MP IFSC Code:HDFC0000036 |
Nuvama Wealth, Account Number:EBL1XXXXXXXXX Bank and Branch: CitiBank, Mumbai Account Type: Current Account IFSC Code: CITI0100000 |
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| Special Offers/Promo | Open a Free demat and Trading Account with Indira Securities and Trade at a Flat Fee Rs 20 Per Order. | |
| Enquiry | Open Zerodha Account Now>> | Open Nuvama Wealth Account Now>> |
Last Updated on 2023-09-14T06:48:55+00:00
