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Nuvama Wealth Vs : Which one is better?

Both the brokers are registered with SEBI. Nuvama Wealth offers investmenet in Equity, F&O, Currency and Commodities, where offers investment in Equity, F&O and Currency only. Number of active customer for Nuvama Wealth is 1,74,590 where number of active customer for is . Nuvama Wealth is serving more customer compare to .

Here we present side-by-side comparison of Nuvama Wealth vs 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 '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 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 '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 on Service

  Nuvama Wealth Compare
Nuvama Wealth
 Compare
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Discount Broker
Exchanges Supported What is this parameter? 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
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 on Trading & Demat Account Opening Charges

Comparison of Nuvama Wealth with on trading & demat account opening charges and AMC. Trading account opening charges - Nuvama Wealth offer Free account opening where charges for account opening. Demat AMC charges - Nuvama Wealth charges Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year] AMC for Demat account where charges AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Nuvama Wealth with
Charges Nuvama Wealth
Trading Account Opening Fees Free
Trading AMC Free
Demat Account Opening Fees Free
Demat AMC Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year]
Provide DP Service Yes
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About Brokerage Plans

Compare Nuvama Wealth vs on Plan Options

Plans are the most important feature you look when compare Nuvama Wealth with . This section compare on high level about type of plans offered by brokers. Multiple Plans - Nuvama Wealth provide Multiple Plans where doesn't offer. Monthly Plans - Both the brokers don't have Monthly Plans.

Compare Nuvama Wealth with on Plan Options
Plan Types Nuvama Wealth
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 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.

Brokerage Plan detail -

Brokerage Charges - Compare Nuvama Wealth with
Brokerage Charges Compare Nuvama Wealth
Plan Name Nuvama Lite
Equity Delivery Flat Rs. 10 per executed order
Equity Intraday Flat Rs. 10 per executed order
Equity Futures Flat Rs. 10 per executed order
Equity Options Flat Rs. 10 per executed order
Currency Futures Flat Rs. 10 per executed order
Currency Options Flat Rs. 10 per executed order
Commodity Trading 0.01%
Minimum Brokerage NIL NIL
Hidden Charges Info Not Available
Funding Yes - 24% interest PA
Call & Trade Charges Rs 20 per call
Auto Square off Charges Rs 20
Brokerage Calculator Brokerage Calculator for Nuvama Wealth Brokerage Calculator for
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Share Broker's Transaction Charges

Compare Nuvama Wealth vs on Transaction Charges

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

Transaction Charges - Compare Nuvama Wealth with
Transaction Charges Compare Nuvama Wealth
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr
Equity Intraday NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE
Equity Options NSE:5050 Per Cr | BSE:3700 Per Cr
Currency Futures NSE:90 Per Cr | BSE:25 Per Cr
Currency Options NSE:4000 Per Cr | BSE:100 Per Cr
Commodity Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr
Brokerage Charges Complete Brokerage Plans for nuvama-wealth Complete Brokerage Plans for
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Account Features

Compare Nuvama Wealth vs on Account Features

Compare Nuvama Wealth with 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 doesn't offers margin funding. NRI Trading - Nuvama Wealth offers NRI where doesn't offers NRI Trading.

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

Compare Nuvama Wealth vs on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Nuvama Wealth and . 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
Trading Platform Compare Nuvama Wealth
Desktop Trading Platform Xtreme Trader
Desktop Demo Desktop Demo Desktop Demo
Desktop Platform (Windows) Yes
Desktop Platform (Mac) No
Web Trading Platform Yes
Web Trading Detail https://tlounge.edelweiss.in/Login
Web Trading Demo Info Not Available Web Trading Demo
Mobile Site Yes
Mobile Trading Yes
Mobile Trading App Nuvama Mobile Trader
Mobile Trading App Demo Nuvama Mobile Trader Demo Demo
Android Mobile App Yes
Android App Download Andriod Nuvama Mobile Trader Download Andriod Download
iPhone Mobile App (IOS) Yes
iOS App Download iOS Nuvama Mobile Trader Download iOS Download
Android Tablet App Yes
iPad App (IOS) Yes
Trading Software Charges Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Nuvama Wealth Equity Intraday and Delivery Brokerage Calculator for
Futures Brokerage Calculator Futures Brokerage Calculator for Nuvama Wealth Futures Brokerage Calculator for
Options Brokerage Calculator Options Brokerage Calculator for Nuvama Wealth Options Brokerage Calculator for
Detail Detail on Trading Platforms for nuvama-wealth Detail on Trading Platforms for

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Broker Ratings by Users

Compare Nuvama Wealth vs on User Rating

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

Compare Nuvama Wealth vs on Investment Offerings

Compare Nuvama Wealth with 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 - Nuvama Wealth offers trading options in Commodity (MCX) where doesn't offer. Online Mutual Fund Investment - Nuvama Wealth offers online mutual fund investment option where doesn't offer. Portfolio Management Services (PMS) - Nuvama Wealth provide PMS Service where doesn't offer

Investment Offerings - Compare Nuvama Wealth with
Investment Offerings Compare Nuvama Wealth
Equity Cash and F&O Yes
Currency Deravitives Yes
Commodity Yes
Online IPO Application No
Mutual Funds Yes
Bond / NCD Yes
ETF Yes
Banking No
Insurance Yes
Forex No
MF SIP Investment Yes
Equity SIP Investment Yes No
PMS Service Yes No
Other Investment Options NIL NIL
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Order Types

Compare Nuvama Wealth vs on Order Types

Order Type - Compare Nuvama Wealth with 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) - Nuvama Wealth provide Cover Orders (CO) where doesn't offer.Cover Orders (CO) is placed an compulsory stop loss and this is a intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Both broker don't have Bracket Orders (BO).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 doesn't offers AMO. GTC Orders- Both broker doesn't support Good Till Cancelled (GTC) orders.

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

Compare Nuvama Wealth vs on Customer Service

Compare Nuvama Wealth with 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
Customer Service Compare Nuvama Wealth
24/7 Customer Service Nuvama Wealth vs  - 24x7 customer support No
Email Support Nuvama Wealth vs  - Email Support Yes
Onine Live Chat Nuvama Wealth vs  - Onine Live Chat No
Phone Support Nuvama Wealth vs  - Phone Support Yes
Toll Free Number Nuvama Wealth vs  - Toll Free Number Yes
Through Branches Nuvama Wealth vs  - Through Branches Yes
Customer Care Number Nuvama Wealth vs  - Customer Care Number 1800 102 3335
Account Opening Process Nuvama Wealth vs  - Account Opening Process Online/Paperless
Customer Support Email Nuvama Wealth vs  - Customer Support Email [email protected]
Knowledge Center/Education Nuvama Wealth vs  - Knowledge Center/Education https://www.nuvamawealth.com/investology
Head Office Address Nuvama Wealth vs  - Head Office Address/Corporate Address Edelweiss House,
Off CST Road,
Kalina,
Mumbai - 400098
Website Nuvama Wealth vs  - Company Website https://www.nuvamawealth.com/
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Tips/Research/Reports Published

Compare Nuvama Wealth vs on Research Reports, Tips

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

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

Compare Nuvama Wealth vs on Demat Account

Compare Nuvama Wealth with 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 is . Nuvama Wealth is a better choice in terms of Demat AMC compare to .

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

Compare Nuvama Wealth vs on Special Offers and Promotion

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

Compare Nuvama Wealth vs on Special Offers and Promotion
  Nuvama Wealth
Pay In and Pay Out Options Nuvama Wealth vs  - 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
Payout Time Nuvama Wealth vs  - Payout Time Upto 24 Hrs except Bank Holidays.
Bank Supported and Charges Nuvama Wealth vs  - Bank Supported and Charges Info Not Available
Bank Detail Nuvama Wealth,
Account Number:EBL1XXXXXXXXX
Bank and Branch: CitiBank, Mumbai
Account Type: Current Account
IFSC Code: CITI0100000
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...

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