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Kotak Securities Vs Nuvama: Which one is better?

Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities. The brokerage of Kotak Securities Max Rs. 20 per order per trade while the brokerage of Nuvama ranges between Rs 10. Kotak Securities is a Full Service Broker where Nuvama is a Discount Broker. Kotak Securities is having overall higher rating compare to Nuvama. Kotak Securities is rated 4 out of 5 where Nuvama is rated only 3.5 out of 5. Number of active customer for Kotak Securities is 10,56,932 where number of active customer for Nuvama is 2,19,314. Kotak Securities is serving more customer compare to Nuvama.

Here we present side-by-side comparison of Kotak Securities vs Nuvama share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared Kotak Securities vs Nuvama'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 Kotak Securities vs Nuvama share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared Kotak Securities vs Nuvama'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 Kotak Securities vs Nuvama on Service

	Kotak Securities	Nuvama
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type	Full Service Broker	Discount Broker
Exchanges Supported	BSE, NSE, MCX, NCDEX	BSE, NSE, MCX, NCDEX
Active Clients	10,56,932	2,19,314
Broker Overview	Kotak Securities is India’s leading full-service stockbroker with over 12 Lakh active clients. Trinity 3-in-1 account offering, Rs. 20 flat brokerages, free intraday trading, advanced-technology trading software & tools, and the best resear...	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...
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Account Opening Charges and AMC

Compare Kotak Securities vs Nuvama on Trading & Demat Account Opening Charges

Comparison of Kotak Securities with Nuvama on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - Kotak Securities charges Rs 600 PA AMC for Demat account where Nuvama charges Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year] AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Kotak Securities with Nuvama

Charges	Kotak Securities	Nuvama
Trading Account Opening Fees	Free	Free
Trading AMC	Free	Free
Demat Account Opening Fees	Free	Free
Demat AMC	Rs 600 PA	Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year]
Provide DP Service

About Brokerage Plans

Compare Kotak Securities vs Nuvama on Plan Options

Plans are the most important feature you look when compare Kotak Securities with Nuvama. This section compare on high level about type of plans offered by brokers. Multiple Plans - Both the brokers provides Multiple Plans. You have option to select plan as per your trading streategy.. Monthly Plans - Both the brokers don't have Monthly Plans.

Compare Kotak Securities with Nuvama on Plan Options

Plan Types	Kotak Securities	Nuvama
Multiple Plans
Monthly Plans
Yearly Plans

Account Opening Request

Account Opening

Brokerage Charges

Compare Kotak Securities vs Nuvama on Brokerage Charges

Kotak Securities Brokerage Plan detail - Kotak Securities Trade Free Plan offers Free or Zero brokerage intraday trading in all segments whereas delivery trading is charged at a 0.25% or Rs 20 whichever is higher. The plan is available for Rs 499 One Time fee.

Nuvama 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.

Share Broker's Transaction Charges

Compare Kotak Securities vs Nuvama on Transaction Charges

Compare Kotak Securities with Nuvama on transaction charges and PCM fee by segment.

Account Features

Compare Kotak Securities vs Nuvama on Account Features

Compare Kotak Securities with Nuvama on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - Kotak Securities offers 3-in-1 account where Nuvama offers only 2-in-1 account which includes trading and demat account. Algo Trading - Nuvama offers Algo Trading where Kotak Securities 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 - Kotak Securities with Nuvama

Account Features Compare	Kotak Securities	Nuvama
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	Trading software terminal: Keat Pro X	NIL

Trading Platform

Compare Kotak Securities vs Nuvama on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Kotak Securities and Nuvama. 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 Kotak Securities with Nuvama

Trading Platform Compare	Kotak Securities	Nuvama
Desktop Trading Platform	KEAT Pro X	Xtreme Trader
Desktop Demo	Desktop Demo	Desktop Demo
Desktop Platform (Windows)
Desktop Platform (Mac)
Web Trading Platform
Web Trading Detail	https://www.kotaksecurities.com/itrade/user/welcome.exe?action=chk_seckey_stat	https://tlounge.edelweiss.in/Login
Web Trading Demo	Web Trading Demo	Info Not Available
Mobile Site
Mobile Trading
Mobile Trading App	Kotak Stock Trader	Nuvama Mobile Trader
Mobile Trading App Demo	Kotak Stock Trader Demo	Nuvama Mobile Trader Demo
Android Mobile App
Android App Download	Andriod Kotak Stock Trader Download	Andriod Nuvama Mobile Trader Download
iPhone Mobile App (IOS)
iOS App Download	iOS Kotak Stock Trader Download	iOS Nuvama Mobile Trader Download
Android Tablet App
iPad App (IOS)
Trading Software Charges	Yes, DirectTrade - Rs 2999 PA	Free
Equity Brokerage Calculator	Equity Intraday and Delivery Brokerage Calculator for Kotak Securities	Equity Intraday and Delivery Brokerage Calculator for Nuvama
Futures Brokerage Calculator	Futures Brokerage Calculator for Kotak Securities	Futures Brokerage Calculator for Nuvama
Options Brokerage Calculator	Options Brokerage Calculator for Kotak Securities	Options Brokerage Calculator for Nuvama
Detail	Detail on Trading Platforms for kotak-securities	Detail on Trading Platforms for nuvama

Broker Ratings by Users

Compare Kotak Securities vs Nuvama on User Rating

	Kotak Securities	Nuvama
	81 Customer Reviews	3 Customer Reviews
Fees Ratings
Trading Brokerage Rating
Trading Platform Usability
Customer Service Ratings
Overall Ratings
Broker Rating	Kotak Securities is Rated 2.8 / 5 based on 81 customer reviews	Nuvama is Rated 2.3 / 5 based on 3 customer reviews

Investment Offerings

Compare Kotak Securities vs Nuvama on Investment Offerings

Compare Kotak Securities with Nuvama 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 provides PMS Service where Kotak Securities doesn't offer

Investment Offerings - Compare Kotak Securities with Nuvama

Investment Offerings Compare	Kotak Securities	Nuvama
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	NIL

Order Types

Compare Kotak Securities vs Nuvama on Order Types

Order Type - Compare Kotak Securities with Nuvama 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) - Kotak Securities provide Bracket Orders (BO) where Nuvama 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- Kotak Securities offers Good Till Cancelled (GTC) orders where Nuvama doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare Kotak Securities with Nuvama

Order Type Compare	Kotak Securities	Nuvama
CNC order
MIS order
NRML order
Cover order
Bracket order
AMO-After Market Orders
GTC-Good Till Cancelled

Customer Service Offered

Compare Kotak Securities vs Nuvama on Customer Service

Compare Kotak Securities with Nuvama 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 Kotak Securities with Nuvama

Customer Service Compare	Kotak Securities	Nuvama
24/7 Customer Service
Email Support
Onine Live Chat
Phone Support
Toll Free Number
Through Branches
Customer Care Number	1800 209 9191	1800 102 3335
Account Opening Process	Offline	Online/Paperless
Customer Support Email	[email protected]	[email protected]
Knowledge Center/Education	https://www.kotaksecurities.com/ksweb/Research/Knowledge-Bank/Investment-Knowlegde-Bank	https://www.nuvamawealth.com/investology
Head Office Address	27 BKC, C 27, G Block, Bandra Kurla Complex, Bandra (E), Mumbai 400051	Edelweiss House, Off CST Road, Kalina, Mumbai - 400098
Website	https://www.kotaksecurities.com	https://www.nuvamawealth.com/

Tips/Research/Reports Published

Compare Kotak Securities vs Nuvama on Research Reports, Tips

Compare Kotak Securities with Nuvama on research reports and tips provided by the broker.

Research Reports - Compare Kotak Securities with Nuvama

	Kotak Securities	Nuvama
Research Mutual Funds
Research Equity Reports
Research ETF
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Demat Account

Compare Kotak Securities vs Nuvama on Demat Account

Compare Kotak Securities with Nuvama 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 is Free (₹1500 one time charges) where for Kotak Securities is ₹780 pa. Nuvama is a better choice in terms of Demat AMC compare to Kotak 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 Kotak Securities is 0.04% (Min ₹27) + CDSL charges where for Nuvama 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 Kotak Securities with Nuvama

	Kotak Securities	Nuvama
DP Source	CDSL	CDSL
DP ID	49200	19100
Demat Account Annual Maintenance Charges(AMC)	₹780 pa	Free (₹1500 one time charges)
Advance Deposit	NA	NIL
Statutory charges	Nil	Nil
Transaction Charges on Debit (Per ISIN)	0.04% (Min ₹27) + CDSL charges	0.02% of transaction value or ₹20 per transaction whichever is higher
Demat	₹3 per certificate + ₹50 courier charges	₹2 per certificate + ₹30 courier charges
Remat	₹10 for every hundred securities (Min ₹15)	₹10 for every hundred securities after that ₹10 per request + ₹30 request charges
Pledge Creation	0.05% of transaction value (Min ₹30)	0.02% of transaction value (Min ₹50)
Pledge Creation Confirmation	0.05% of transaction value (Min ₹30)	Nil
Pledge Closure	0.05% of transaction value (Min ₹30)	0.02% of transaction value (Min ₹50)
Pledge Closure Confirmation	0.05% of transaction value (Min ₹30)	Nil
Pledge Invocation	0.05% of transaction value (Min ₹30)	0.02% of transaction value (Min ₹50)
Failed Instruction Charges	Nil	Nil
Other Charges	Nil	Nil

Special Offers,Advantages,Disadvantages

Compare Kotak Securities vs Nuvama on Special Offers and Promotion

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

Compare Kotak Securities vs Nuvama on Special Offers and Promotion

	Kotak Securities	Nuvama
Pay In and Pay Out Options	Pay-in/adding funds - Cheque, Online Bank Transfer from Partnerbanks (ICIC Bank, Kotak Mahindra Bank, HDFC Bank, AXIS Bank, Citibank, Indusind Bank, Federal Bank, SBI Bank, ING Vysya 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	Upto 24 Hrs except Bank Holidays. Instant fund transfer with Kotak Mahindra Bank.	Upto 24 Hrs except Bank Holidays.
Bank Supported and Charges	(ICIC Bank, Kotak Mahindra Bank, HDFC Bank, AXIS Bank, Citibank, Indusind Bank, Federal Bank, SBI Bank, ING Vysya Bank	Info Not Available
Bank Detail	Direct from your Kotak Mahindra bank account.	Nuvama Wealth, Account Number:EBL1XXXXXXXXX Bank and Branch: CitiBank, Mumbai Account Type: Current Account IFSC Code: CITI0100000
Likes	Trinity 3-in-1 account opening facility. Trade Free Plan charges Rs. 20 flat brokerages on F&O, commodity, and currency trading. 0 brokerage on all trades for customers below 30 years age. Free intraday trading with Trade Free Plan. User-friendly mobile app and next-gen trading terminals (TradeSmart, KeatProX, and Nest). Free access to Kotak Trade API to develop your own trading terminal. Bracket order (BO), Cover order (CO), and after market order (AMO). Place Good Till Cancelled (GTC) order. Apply for IPOs, ETFs, and insurance. Zero brokerage investment in mutual funds. NRI trading facility is available. Access to fundamental and technical calls and research reports. Buy Now Sell Tomorrow (BNST) order feature. Kotak University, a stock market, options trading, and mutual funds learning platform. Margin trading facility. Dealer-assisted trading. Detail Review...	Trade and invest on BSE, NSE, and MCX. 10 per order flat brokerage trading. Trade at either a flat brokerage fee (Lite) or %-based brokerage plan (Elite). Add-on services with Elite plan; free call & trade, free RM, etc. Free mobile app, web, and desktop trading terminal. Get Nuvama API connect for free. (Limited time offer) Get free expert research, advisory, and trading tips. Investology, is a stock market learning platform for beginners to experts. Margin trading facility. Offline branch-based customer support is available. Detail Review...
Dislikes	Its dedicated dealer-assisted plan charges a very high brokerage fee. Account opening is not free (Rs. 499) in dealer-assisted plan. Dealer-assisted plan charges a minimum brokerage fee of 21 per order subject to maximum 2.5% brokerage. Kotak Zero brokerage plan is only for people below 30 years and valid only for 2 years. High Demat AMC charges of Rs. 600 per year, Rs. 50 is charged monthly. Detail Review...	It does not provide a 3-in-1 account opening facility. NRIs cannot open Nuvama Demat and Trading Account. Call & trade, and research services are not free for the Lite brokerage plan subscribers. Detail Review...
Special Offers/Promo
Enquiry	Open Kotak Securities Account Now>>	Open Nuvama Account Now>>