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Nuvama Wealth Vs Karvy: Which one is better?

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

  • 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 Nuvama Wealth vs Karvy on Service

  Nuvama Wealth Compare
Nuvama Wealth
Karvy Compare
Karvy
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Discount Broker Full Service Broker
Exchanges Supported What is this parameter? BSE, NSE, MCX, NCDEX BSE, NSE, MCX, NCDEX
Active Clients 1,74,590
Broker Overview 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 One of the largest stockbrokers offering a full spectrum of financial products including Karvy Demat and Trading Account, NRI account, Corporate Account, Trust Account, research reports, and advisory.
Broker Enquiry Request call back from Nuvama Wealth Request call back from Zerodha
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Account Opening Charges and AMC

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

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.

Trading & Demat Account Opening Charges - Compare Nuvama Wealth with Karvy
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 Yes Yes
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About Brokerage Plans

Compare Nuvama Wealth vs Karvy on Plan Options

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.

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

Account Opening

  Nuvama Wealth Zerodha
Account Opening Request
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Brokerage Charges

Compare Nuvama Wealth vs Karvy on Brokerage Charges

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 with Karvy
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
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Share Broker's Transaction Charges

Compare Nuvama Wealth vs Karvy on Transaction Charges

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

Transaction Charges - Compare Nuvama Wealth with Karvy
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
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Account Features

Compare Nuvama Wealth vs Karvy on Account Features

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 - Nuvama Wealth with Karvy
Account Features Compare Nuvama Wealth Karvy
3 in 1 Account No Nuvama Wealth have 2-in-1 account. Only Demate and Trading account. No Nuvama Wealth have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading Yes Yes
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes
Combined Ledger for Equity and Commodity No Yes
Intraday Square-off Time 3:15PM 3:15 PM
NRI Trading Yes No
Other Features NIL NIL
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Trading Platform

Compare Nuvama Wealth vs Karvy on Trading Platform

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 with Karvy
Trading Platform Compare Nuvama Wealth Karvy
Desktop Trading Platform Xtreme Trader Karvy NESTTrader
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://tlounge.edelweiss.in/Login https://trade.karvyonline.com/KARVY/Login/indexauth.jsp
Web Trading Demo Info Not Available Web Trading Demo
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App Nuvama Mobile Trader KarvyOnline
Mobile Trading App Demo Nuvama Mobile Trader Demo KarvyOnline Demo
Android Mobile App Yes Yes
Android App Download Andriod Nuvama Mobile Trader Download Andriod KarvyOnline Download
iPhone Mobile App (IOS) Yes No
iOS App Download iOS Nuvama Mobile Trader Download iOS KarvyOnline Download
Android Tablet App Yes Yes
iPad App (IOS) Yes No
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

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Broker Ratings by Users

Compare Nuvama Wealth vs Karvy on User Rating

  Nuvama Wealth Karvy
  4 Customer Reviews    Rate Nuvama Wealth 3 Customer Reviews    Rate Karvy
Fees Ratings 2.8 2.7
Trading Brokerage Rating 3.0 2.3
Trading Platform Usability 3.5 2.3
Customer Service Ratings 1.8 3.7
Overall Ratings 2.0 2.7
Broker Rating Nuvama Wealth is Rated 2.0 / 5 based on 4 customer reviews Karvy is Rated 2.7 / 5 based on 3 customer reviews
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Investment Offerings

Compare Nuvama Wealth vs Karvy on Investment Offerings

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 with Karvy
Investment Offerings Compare Nuvama Wealth Karvy
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 NIL Insurance
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Order Types

Compare Nuvama Wealth vs Karvy on Order Types

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

Compare Nuvama Wealth vs Karvy on Customer Service

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 Support - Compare Nuvama Wealth with Karvy
Customer Service Compare Nuvama Wealth Karvy
24/7 Customer Service Nuvama Wealth vs Karvy - 24x7 customer support No No
Email Support Nuvama Wealth vs Karvy - Email Support Yes Yes
Onine Live Chat Nuvama Wealth vs Karvy - Onine Live Chat No No
Phone Support Nuvama Wealth vs Karvy - Phone Support Yes Yes
Toll Free Number Nuvama Wealth vs Karvy - Toll Free Number Yes Yes
Through Branches Nuvama Wealth vs Karvy - Through Branches Yes Yes
Customer Care Number Nuvama Wealth vs Karvy - Customer Care Number 1800 102 3335 18004198283/7093706007/18004198283
Account Opening Process Nuvama Wealth vs Karvy - Account Opening Process Online/Paperless Online/Paperless
Customer Support Email Nuvama Wealth vs Karvy - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Nuvama Wealth vs Karvy - Knowledge Center/Education https://www.nuvamawealth.com/investology https://www.karvyonline.com/knowledge-center/index
Head Office Address Nuvama Wealth vs Karvy - Head Office Address/Corporate 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 Nuvama Wealth vs Karvy - Company Website https://www.nuvamawealth.com/ www.karvyonline.com
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Tips/Research/Reports Published

Compare Nuvama Wealth vs Karvy on Research Reports, Tips

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

Research Reports - Compare Nuvama Wealth with Karvy
  Nuvama Wealth Karvy
Research Mutual Funds Nuvama Wealth vs Karvy - Research Mutual Funds Yes No
Research Equity Reports Nuvama Wealth vs Karvy - Research Equity Reports Yes No
Research ETF Nuvama Wealth vs Karvy - Research ETF Yes No
Daily Market Report Nuvama Wealth vs Karvy - Daily Market Report Yes Yes
Free Tips Nuvama Wealth vs Karvy - Free Tips Yes Yes
Quarterly Result Analysis Nuvama Wealth vs Karvy - Quarterly Results Yes Yes
News Alerts Nuvama Wealth vs Karvy - Yes Yes
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Demat Account

Compare Nuvama Wealth vs Karvy on Demat Account

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

Demat Charges - Compare Nuvama Wealth with Karvy
  Nuvama Wealth Karvy
DP Source CDSL CDSL
DP ID Nuvama Wealth vs Karvy - DP ID 19100 33200
Demat Account Annual Maintenance Charges(AMC) Free (₹1500 one time charges) ₹365 pa
Advance Deposit NIL NIL
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.02% of transaction value or ₹20 per transaction whichever is higher ₹15 per transaction
Demat ₹2 per certificate + ₹30 courier charges ₹5 per certificate + ₹40 courier charges
Remat ₹10 for every hundred securities after that ₹10 per request + ₹30 request charges ₹20 for every hundred securities or ₹20 per certificate (whichever is higher)
Pledge Creation 0.02% of transaction value (Min ₹50) 0.03% of transaction value (Min ₹100 and Max ₹5k)
Pledge Creation Confirmation Nil 0.03% of transaction value (Min ₹100 and Max ₹5k)
Pledge Closure 0.02% of transaction value (Min ₹50) 0.03% of transaction value (Min ₹100 and Max ₹5k)
Pledge Closure Confirmation Nil 0.03% of transaction value (Min ₹100 and Max ₹5k)
Pledge Invocation 0.02% of transaction value (Min ₹50) 0.03% of transaction value (Min ₹100 and Max ₹5k)
Failed Instruction Charges Nil ₹100
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare Nuvama Wealth vs Karvy on Special Offers and Promotion

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

Compare Nuvama Wealth vs Karvy on Special Offers and Promotion
  Nuvama Wealth Karvy
Pay In and Pay Out Options Nuvama Wealth vs 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 Nuvama Wealth vs Karvy - Payout Time Upto 24 Hrs except Bank Holidays. Upto 24 Hrs except Bank Holidays.
Bank Supported and Charges Nuvama Wealth vs Karvy - 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
Likes
  • 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...

Detail Review...

Dislikes
  • 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...

  • 3-in-1 account opening facility is not available with Karvy.

Detail Review...

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

Last Updated on 2024-01-15T22:01:18+00:00