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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 Compare
Kotak Securities
Nuvama Compare
Nuvama
Overall Rating Rated 4 stars Rated 3.5 stars
Brokerage Charges Rated 3 stars Rated 3 stars
Trading Platform Rated 4 stars Rated 3.5 stars
Investments Offering Rated 4.5 stars Rated 4 stars
Customer Service Rated 3.5 stars Rated 3.5 stars
Broker Type What is this parameter? Full Service Broker Discount Broker
Exchanges Supported What is this parameter? 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... Know more about Kotak Securities 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
Broker Enquiry Request call back from Kotak Securities Request call back from Nuvama
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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 Yes Yes
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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 Yes Yes
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Kotak Securities Nuvama
Account Opening Request
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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.

Brokerage Charges - Compare Kotak Securities with Nuvama
Brokerage Charges Compare Kotak Securities Nuvama
Plan Name Kotak Securities Trade Free Plan Nuvama Lite
Equity Delivery 0.25% or Rs 20 whichever is higher Flat Rs. 10 per executed order
Equity Intraday Free Flat Rs. 10 per executed order
Equity Futures Delivery: Rs. 20 per order| Intraday: Free Flat Rs. 10 per executed order
Equity Options Delivery: Rs. 20 per order| Intraday: Free Flat Rs. 10 per executed order
Currency Futures Delivery: Rs. 20 per order| Intraday: Free Flat Rs. 10 per executed order
Currency Options Delivery: Rs. 20 per order| Intraday: Free Flat Rs. 10 per executed order
Commodity Trading Delivery: Rs. 20 per order| Intraday: Free 0.01%
Minimum Brokerage Rs 21 per executed order NIL
Hidden Charges No Info Not Available
Funding 12.49% interest PA Yes - 24% interest PA
Call & Trade Charges 20 calls free and after that Rs 20 per call Rs 20 per call
Auto Square off Charges 20 calls free and after that Rs 20 per call Rs 20
Brokerage Calculator Brokerage Calculator for Kotak Securities Brokerage Calculator for Nuvama
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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.

Transaction Charges - Compare Kotak Securities with Nuvama
Transaction Charges Compare Kotak Securities Nuvama
Equity Delivery Rs 325 Per Cr Rs 325 Per Cr
Equity Intraday Rs 325 Per Cr Rs 325 Per Cr
Equity Futures Rs 190 Per Cr Rs 190 Per Cr
Equity Options Rs 5000 Per Cr Rs 5000 Per Cr
Currency Futures Rs 110 Per Cr Rs 110 Per Cr
Currency Options Rs 4000 Per Cr Rs 4000 Per Cr
Commodity Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr
Brokerage Charges Complete Brokerage Plans for kotak-securities Complete Brokerage Plans for nuvama
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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 Yes, Kotak Securities have 3-in-1 accounts. Bank Account, Demat and Trading account. No Kotak Securities have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading No Yes
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes Yes
Combined Ledger for Equity and Commodity No No
Intraday Square-off Time 3:15PM 3:15PM
NRI Trading Yes Yes
Other Features Trading software terminal: Keat Pro X NIL
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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) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
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 No Yes
Mobile Trading Yes Yes
Mobile Trading App Kotak Stock Trader Nuvama Mobile Trader
Mobile Trading App Demo Kotak Stock Trader Demo Nuvama Mobile Trader Demo
Android Mobile App Yes Yes
Android App Download Andriod Kotak Stock Trader Download Andriod Nuvama Mobile Trader Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS Kotak Stock Trader Download iOS Nuvama Mobile Trader Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
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

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Broker Ratings by Users

Compare Kotak Securities vs Nuvama on User Rating

  Kotak Securities Nuvama
  81 Customer Reviews    Rate Kotak Securities 3 Customer Reviews    Rate Nuvama
Fees Ratings 2.6 2.7
Trading Brokerage Rating 2.7 3.3
Trading Platform Usability 3.2 3.7
Customer Service Ratings 3.1 2.0
Overall Ratings Rated 2.8 stars Rated 2.3 stars
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
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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 Yes Yes
Currency Deravitives Yes Yes
Commodity Yes Yes
Online IPO Application Yes No
Mutual Funds Yes Yes
Bond / NCD Yes Yes
ETF Yes Yes
Banking Yes No
Insurance Yes Yes
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment Yes Yes
PMS Service No Yes
Other Investment Options NIL NIL
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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 Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes Yes
Bracket order Yes No
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled Yes No
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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 Kotak Securities vs Nuvama - 24x7 customer support No No
Email Support Kotak Securities vs Nuvama - Email Support Yes Yes
Onine Live Chat Kotak Securities vs Nuvama - Onine Live Chat Yes No
Phone Support Kotak Securities vs Nuvama - Phone Support Yes Yes
Toll Free Number Kotak Securities vs Nuvama - Toll Free Number Yes Yes
Through Branches Kotak Securities vs Nuvama - Through Branches Yes Yes
Customer Care Number Kotak Securities vs Nuvama - Customer Care Number 1800 209 9191 1800 102 3335
Account Opening Process Kotak Securities vs Nuvama - Account Opening Process Offline Online/Paperless
Customer Support Email Kotak Securities vs Nuvama - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Kotak Securities vs Nuvama - Knowledge Center/Education https://www.kotaksecurities.com/ksweb/Research/Knowledge-Bank/Investment-Knowlegde-Bank https://www.nuvamawealth.com/investology
Head Office Address Kotak Securities vs Nuvama - Head Office Address/Corporate Address 27 BKC, C 27, G Block,
Bandra Kurla Complex,
Bandra (E), Mumbai 400051
Edelweiss House,
Off CST Road,
Kalina,
Mumbai - 400098
Website Kotak Securities vs Nuvama - Company Website https://www.kotaksecurities.com https://www.nuvamawealth.com/
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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 Kotak Securities vs Nuvama - Research Mutual Funds Yes Yes
Research Equity Reports Kotak Securities vs Nuvama - Research Equity Reports Yes Yes
Research ETF Kotak Securities vs Nuvama - Research ETF Yes Yes
Daily Market Report Kotak Securities vs Nuvama - Daily Market Report Yes Yes
Free Tips Kotak Securities vs Nuvama - Free Tips Yes Yes
Quarterly Result Analysis Kotak Securities vs Nuvama - Quarterly Results Yes Yes
News Alerts Kotak Securities vs Nuvama - Yes Yes
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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 Kotak Securities vs Nuvama - 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

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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 Kotak Securities vs 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 Kotak Securities vs Nuvama - 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 Kotak Securities vs Nuvama - 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>>

Last Updated on 2023-01-12T21:46:37+00:00