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 Karvy ranges between 0.03 to 0.3%. Nuvama Wealth is a Discount Broker where Karvy is a Full Service Broker. Nuvama Wealth is having overall lower rating compare to Karvy. Nuvama Wealth is rated only 3.5 out of 5 where Karvy is rated 4 out of 5. Number of active customer for Nuvama Wealth is 1,74,590 where number of active customer for Karvy is . Nuvama Wealth is serving more customer compare to Karvy.
Here we present side-by-side comparison of Nuvama Wealth vs Karvy 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 Karvy'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 Karvy 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 Karvy'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 Karvy on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - Nuvama Wealth charges Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year] AMC for Demat account where Karvy charges Rs 500 PA AMC for Demat account.
Charges | Nuvama Wealth | Karvy |
---|---|---|
Trading Account Opening Fees | Free | Free |
Trading AMC | Free | Free |
Demat Account Opening Fees | Free | Free |
Demat AMC | Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year] | Rs 500 PA |
Provide DP Service |
Plans are the most important feature you look when compare Nuvama Wealth with Karvy. This section compare on high level about type of plans offered by brokers. Multiple Plans - Nuvama Wealth provide Multiple Plans where Karvy doesn't offer. Monthly Plans - Both the brokers don't have Monthly Plans.
Plan Types | Nuvama Wealth | Karvy |
---|---|---|
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.
Karvy Brokerage Plan detail - Karvy have different plan and this is there basic plan, For more details about plan you need to contact personally.
Brokerage Charges Compare | Nuvama Wealth | Karvy |
---|---|---|
Plan Name | Nuvama Lite | Basic Trading Plan (Percentage Based) |
Equity Delivery | Flat Rs. 10 per executed order | 0.3% or 30 paisa |
Equity Intraday | Flat Rs. 10 per executed order | 0.03% or 3 paisa |
Equity Futures | Flat Rs. 10 per executed order | 0.03% or 3 paisa |
Equity Options | Flat Rs. 10 per executed order | Rs 50 Per Lot |
Currency Futures | Flat Rs. 10 per executed order | 0.03% or 3 paisa |
Currency Options | Flat Rs. 10 per executed order | Rs 50 Per Lot |
Commodity Trading | 0.01% | 0.03% or 3 paisa |
Minimum Brokerage | NIL | NIL |
Hidden Charges | Info Not Available | Info Not Available |
Funding | Yes - 24% interest PA | Yes - 18% interest PA |
Call & Trade Charges | Rs 20 per call | Call 18004198283 number for Call and Trade, SMS Order faclity also available |
Auto Square off Charges | Rs 20 | Call 18004198283 number for Call and Trade, SMS Order faclity also available |
Brokerage Calculator | Brokerage Calculator for Nuvama Wealth | Brokerage Calculator for Karvy |
Compare Nuvama Wealth with Karvy on transaction charges and PCM fee by segment.
Transaction Charges Compare | Nuvama Wealth | Karvy |
---|---|---|
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 karvy |
Compare Nuvama Wealth with Karvy 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 - Nuvama Wealth offers a margin funding where Karvy doesn't offers margin funding. NRI Trading - Nuvama Wealth offers NRI where Karvy doesn't offers NRI Trading.
Account Features Compare | Nuvama Wealth | Karvy |
---|---|---|
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 | 3:15 PM |
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 Karvy. 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 | Karvy |
---|---|---|
Desktop Trading Platform | Xtreme Trader | Karvy NESTTrader |
Desktop Demo | Desktop Demo | Desktop Demo |
Desktop Platform (Windows) | ||
Desktop Platform (Mac) | ||
Web Trading Platform | ||
Web Trading Detail | https://tlounge.edelweiss.in/Login | https://trade.karvyonline.com/KARVY/Login/indexauth.jsp |
Web Trading Demo | Info Not Available | Web Trading Demo |
Mobile Site | ||
Mobile Trading | ||
Mobile Trading App | Nuvama Mobile Trader | KarvyOnline |
Mobile Trading App Demo | Nuvama Mobile Trader Demo | KarvyOnline Demo |
Android Mobile App | ||
Android App Download | Andriod Nuvama Mobile Trader Download | Andriod KarvyOnline Download |
iPhone Mobile App (IOS) | ||
iOS App Download | iOS Nuvama Mobile Trader Download | iOS KarvyOnline Download |
Android Tablet App | ||
iPad App (IOS) | ||
Trading Software Charges | Free | Free |
Equity Brokerage Calculator | Equity Intraday and Delivery Brokerage Calculator for Nuvama Wealth | Equity Intraday and Delivery Brokerage Calculator for Karvy |
Futures Brokerage Calculator | Futures Brokerage Calculator for Nuvama Wealth | Futures Brokerage Calculator for Karvy |
Options Brokerage Calculator | Options Brokerage Calculator for Nuvama Wealth | Options Brokerage Calculator for Karvy |
Detail | Detail on Trading Platforms for nuvama-wealth | Detail on Trading Platforms for karvy |
Compare Nuvama Wealth with Karvy 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 | Nuvama Wealth | Karvy |
---|---|---|
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 | Insurance |
Order Type - Compare Nuvama Wealth with Karvy 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) - Karvy provides 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 Karvy doesn't offers AMO. GTC Orders- Both broker doesn't support Good Till Cancelled (GTC) orders.
Order Type Compare | Nuvama Wealth | Karvy |
---|---|---|
CNC order | ||
MIS order | ||
NRML order | ||
Cover order | ||
Bracket order | ||
AMO-After Market Orders | ||
GTC-Good Till Cancelled |
Compare Nuvama Wealth with Karvy 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 | Karvy |
---|---|---|
24/7 Customer Service | ||
Email Support | ||
Onine Live Chat | ||
Phone Support | ||
Toll Free Number | ||
Through Branches | ||
Customer Care Number | 1800 102 3335 | 18004198283/7093706007/18004198283 |
Account Opening Process | Online/Paperless | Online/Paperless |
Customer Support Email | [email protected] | [email protected] |
Knowledge Center/Education | https://www.nuvamawealth.com/investology | https://www.karvyonline.com/knowledge-center/index |
Head Office Address | Edelweiss House, Off CST Road, Kalina, Mumbai - 400098 |
Karvy House, No. 46, 8-2-609/K Avenue 4, Street No. 1, Banjara Hills, Hyderabad - 500 034 Telangana |
Website | https://www.nuvamawealth.com/ | www.karvyonline.com |
Compare Nuvama Wealth with Karvy on research reports and tips provided by the broker.
Compare Nuvama Wealth with Karvy 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 Karvy is ₹365 pa. Nuvama Wealth is a better choice in terms of Demat AMC compare to Karvy.
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 Karvy is ₹15 per transaction.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 Karvy on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.
Nuvama Wealth | Karvy | |
---|---|---|
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 via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from Karvy Broking Trading Platform. Pay-out/Fund Withdrawal - Bank Transfer only |
Payout Time | Upto 24 Hrs except Bank Holidays. | Upto 24 Hrs except Bank Holidays. |
Bank Supported and Charges | Info Not Available | Around 40+ bank are prefered parter with Karvy Stock Broking. |
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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Special Offers/Promo | ||
Enquiry | Open Nuvama Wealth Account Now>> | Open Zerodha Account Now>> |
Last Updated on 2024-01-15T22:01:18+00:00