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Kotak Securities Vs Nuvama Wealth: 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 Wealth ranges between Rs 10. Kotak Securities is a Full Service Broker where Nuvama Wealth is a Discount Broker. Kotak Securities is having overall higher rating compare to Nuvama Wealth. Kotak Securities is rated 4 out of 5 where Nuvama Wealth is rated only 3.5 out of 5. Number of active customer for Kotak Securities is 11,79,674 where number of active customer for Nuvama Wealth is 1,74,590. Kotak Securities is serving more customer compare to Nuvama Wealth.

Here we present side-by-side comparison of Kotak 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 Kotak 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 Kotak 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 Kotak 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
  • 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 Wealth on Service

  Kotak Securities Compare
Kotak Securities
Nuvama Wealth Compare
Nuvama Wealth
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
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 11,79,674 1,74,590
Broker Overview Kotak Securities is one of the leading stock brokers in India. From a comprehensive suite of trading and investing products to free intraday trading, multiple brokerage plans, a new-gen Neo web and app platform, cutting-edge trading tools, and expert... 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 Wealth
Broker Enquiry Request call back from Kotak Securities Request call back from Nuvama Wealth
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Account Opening Charges and AMC

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

Comparison of Kotak Securities with Nuvama Wealth on trading & demat account opening charges and AMC. Trading account opening charges - Nuvama Wealth offer Free account opening where Kotak Securities charges Rs 99 for account opening. Demat AMC charges - Kotak Securities charges Rs 600 PA AMC for Demat account where Nuvama Wealth 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 Wealth
Charges Kotak Securities Nuvama Wealth
Trading Account Opening Fees Rs 99 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 Wealth on Plan Options

Plans are the most important feature you look when compare Kotak Securities with Nuvama Wealth. 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 Wealth on Plan Options
Plan Types Kotak Securities Nuvama Wealth
Multiple Plans Yes Yes
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Kotak Securities Nuvama Wealth
Account Opening Request
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Brokerage Charges

Compare Kotak Securities vs Nuvama Wealth 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 0.25% or Rs 20 whichever is higher. The plan is available for Rs 499 One Time fee.

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 Kotak Securities with Nuvama Wealth
Brokerage Charges Compare Kotak Securities Nuvama Wealth
Plan Name Kotak Securities Trade Free Plan Nuvama Lite
Equity Delivery 0.25% Flat Rs. 10 per executed order
Equity Intraday Free Flat Rs. 10 per executed order
Equity Futures Delivery: Flat fee Rs. 20 per order| Intraday: Fre Flat Rs. 10 per executed order
Equity Options Delivery: Flat fee Rs. 20 per order| Intraday: Free Flat Rs. 10 per executed order
Currency Futures Delivery: Flat fee Rs. 20 per order| Intraday: Fre Flat Rs. 10 per executed order
Currency Options Delivery: Flat fee Rs. 20 per order| Intraday: Fre Flat Rs. 10 per executed order
Commodity Trading Delivery: Flat fee Rs. 20 per order| Intraday: Fre 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 Wealth
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Share Broker's Transaction Charges

Compare Kotak Securities vs Nuvama Wealth on Transaction Charges

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

Transaction Charges - Compare Kotak Securities with Nuvama Wealth
Transaction Charges Compare Kotak 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 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-wealth
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Account Features

Compare Kotak Securities vs Nuvama Wealth on Account Features

Compare Kotak Securities with Nuvama Wealth 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 Wealth offers only 2-in-1 account which includes trading and demat account. Algo Trading - Nuvama Wealth 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 Wealth
Account Features Compare Kotak Securities Nuvama Wealth
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 NIL NIL
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Trading Platform

Compare Kotak Securities vs Nuvama Wealth on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Kotak 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 Kotak Securities with Nuvama Wealth
Trading Platform Compare Kotak Securities Nuvama Wealth
Desktop Trading Platform Neo 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 Neo Nuvama Mobile Trader
Mobile Trading App Demo Kotak Neo Demo Nuvama Mobile Trader Demo
Android Mobile App Yes Yes
Android App Download Andriod Kotak Neo Download Andriod Nuvama Mobile Trader Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS Kotak Neo Download iOS Nuvama Mobile Trader Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
Trading Software Charges Free Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Kotak Securities Equity Intraday and Delivery Brokerage Calculator for Nuvama Wealth
Futures Brokerage Calculator Futures Brokerage Calculator for Kotak Securities Futures Brokerage Calculator for Nuvama Wealth
Options Brokerage Calculator Options Brokerage Calculator for Kotak Securities Options Brokerage Calculator for Nuvama Wealth
Detail Detail on Trading Platforms for kotak-securities Detail on Trading Platforms for nuvama-wealth

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Broker Ratings by Users

Compare Kotak Securities vs Nuvama Wealth on User Rating

  Kotak Securities Nuvama Wealth
  82 Customer Reviews    Rate Kotak Securities 4 Customer Reviews    Rate Nuvama Wealth
Fees Ratings 2.6 2.8
Trading Brokerage Rating 2.7 3.0
Trading Platform Usability 3.2 3.5
Customer Service Ratings 3.1 1.8
Overall Ratings 2.8 2.0
Broker Rating Kotak Securities is Rated 2.8 / 5 based on 82 customer reviews Nuvama Wealth is Rated 2.0 / 5 based on 4 customer reviews
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Investment Offerings

Compare Kotak Securities vs Nuvama Wealth on Investment Offerings

Compare Kotak 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) - both the brokers provides PMS Service. You can invest in stocks/equity/bonds using PMS.

Investment Offerings - Compare Kotak Securities with Nuvama Wealth
Investment Offerings Compare Kotak Securities Nuvama Wealth
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 Yes Yes
Other Investment Options NIL NIL
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Order Types

Compare Kotak Securities vs Nuvama Wealth on Order Types

Order Type - Compare Kotak 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) - Kotak 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- Kotak Securities offers Good Till Cancelled (GTC) orders where Nuvama Wealth doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare Kotak Securities with Nuvama Wealth
Order Type Compare Kotak Securities Nuvama Wealth
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 Wealth on Customer Service

Compare Kotak 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 Support - Compare Kotak Securities with Nuvama Wealth
Customer Service Compare Kotak Securities Nuvama Wealth
24/7 Customer Service Kotak Securities vs Nuvama Wealth - 24x7 customer support No No
Email Support Kotak Securities vs Nuvama Wealth - Email Support Yes Yes
Onine Live Chat Kotak Securities vs Nuvama Wealth - Onine Live Chat Yes No
Phone Support Kotak Securities vs Nuvama Wealth - Phone Support Yes Yes
Toll Free Number Kotak Securities vs Nuvama Wealth - Toll Free Number Yes Yes
Through Branches Kotak Securities vs Nuvama Wealth - Through Branches Yes Yes
Customer Care Number Kotak Securities vs Nuvama Wealth - Customer Care Number 1800 209 9191 1800 102 3335
Account Opening Process Kotak Securities vs Nuvama Wealth - Account Opening Process Online Online/Paperless
Customer Support Email Kotak Securities vs Nuvama Wealth - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Kotak Securities vs Nuvama Wealth - 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 Wealth - 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 Wealth - Company Website https://www.kotaksecurities.com https://www.nuvamawealth.com/
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Tips/Research/Reports Published

Compare Kotak Securities vs Nuvama Wealth on Research Reports, Tips

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

Research Reports - Compare Kotak Securities with Nuvama Wealth
  Kotak Securities Nuvama Wealth
Research Mutual Funds Kotak Securities vs Nuvama Wealth - Research Mutual Funds Yes Yes
Research Equity Reports Kotak Securities vs Nuvama Wealth - Research Equity Reports Yes Yes
Research ETF Kotak Securities vs Nuvama Wealth - Research ETF Yes Yes
Daily Market Report Kotak Securities vs Nuvama Wealth - Daily Market Report Yes Yes
Free Tips Kotak Securities vs Nuvama Wealth - Free Tips Yes Yes
Quarterly Result Analysis Kotak Securities vs Nuvama Wealth - Quarterly Results Yes Yes
News Alerts Kotak Securities vs Nuvama Wealth - Yes Yes
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Demat Account

Compare Kotak Securities vs Nuvama Wealth on Demat Account

Compare Kotak 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 Kotak Securities is ₹780 pa. Nuvama Wealth 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 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

Demat Charges - Compare Kotak Securities with Nuvama Wealth
  Kotak Securities Nuvama Wealth
DP Source CDSL CDSL
DP ID Kotak Securities vs Nuvama Wealth - 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 Wealth on Special Offers and Promotion

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

Compare Kotak Securities vs Nuvama Wealth on Special Offers and Promotion
  Kotak Securities Nuvama Wealth
Pay In and Pay Out Options Kotak Securities vs Nuvama Wealth - 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 Wealth - 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 Wealth - 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
  • Wide range of products from equity to F&O, IPO, debt, mutual funds, SGBs, etc.
  • Minimal account opening charges
  • No brokerage intraday trading
  • Low-cost brokerage trading
  • Multiple platforms to trade on web, app, and desktop
  • StockCase: Experts recommended basket of stocks
  • Tools like equity screeners, TradingView charts, and Payoff analyzer
  • BNST: Buy Now Sell Tomorrow order
  • Bracket order, cover order, GTT, and aftermarket order
  • Intraday trading tips, short-term and long-term calls, derivative calls, equity investment ideas, and quarterly research reports from experts are available.
  • Margin trading facility (MTF) with dealer assisted trading
  • Kotak Traders Academy for beginners

Detail Review...

  • 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...

Dislikes
  • Its Trade free youth plan is only available for upto 30 years of age and that too is valid for 2 years only.
  • High brokerage in dealer-assisted plan (Delivery: 0.39%, Equity and commodity options: Rs 39 per lot)
  • Delivery trading is not free as charged with 0.25% brokerage.

Detail Review...

  • 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...

Special Offers/Promo
Enquiry Open Kotak Securities Account Now>> Open Nuvama Wealth Account Now>>

Last Updated on 2024-02-17T05:10:46+00:00