Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities. The brokerage of IIFL Securities Max Rs 20 per trade while the brokerage of Nuvama ranges between Rs 10. IIFL Securities is a Full Service Broker where Nuvama is a Discount Broker. IIFL Securities is having overall higher rating compare to Nuvama. IIFL Securities is rated 4 out of 5 where Nuvama is rated only 3.5 out of 5. Number of active customer for IIFL Securities is 6,30,200 where number of active customer for Nuvama is 2,18,206. IIFL Securities is serving more customer compare to Nuvama.
Here we present side-by-side comparison of IIFL 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 IIFL 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 IIFL 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 IIFL Securities vs Nuvama's on
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.
|Broker Type||Full Service Broker||Discount Broker|
|Exchanges Supported||BSE, NSE, MCX, NCDEX||BSE, NSE, MCX, NCDEX|
|Broker Overview||IIFL (India Infoline) is one of the prominent full-service brokers in India backed by complete investment planning solutions, cutting-edge technology platforms (IIFL Markets app and Trader Terminal), the industry’s best research & advisory,...||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...|
Comparison of IIFL 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 - IIFL Securities charges Rs 250 PA (Free for 1st year) AMC for Demat account where Nuvama charges Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year] AMC for Demat account.
|Trading Account Opening Fees||Free||Free|
|Demat Account Opening Fees||Free||Free|
|Demat AMC||Rs 250 PA (Free for 1st year)||Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year]|
|Provide DP Service|
Plans are the most important feature you look when compare IIFL Securities with Nuvama. This section compare on high level about type of plans offered by brokers. Multiple Plans - Nuvama provides Multiple Plans where IIFL Securities doesn't offer. Monthly Plans - Both the brokers don't have Monthly Plans.
|Plan Types||IIFL Securities||Nuvama|
|Account Opening Request|
IIFL Securities Brokerage Plan detail - IIFL iSERVE flat discount brokerage plan charges a maximum of Rs. 20 per order brokerage across segments.
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||IIFL Securities||Nuvama|
|Plan Name||IIFL iSERVE Brokerage Plan||Nuvama Lite|
|Equity Delivery||Flat Rs 20 per order||Flat Rs. 10 per executed order|
|Equity Intraday||Flat Rs 20 per order||Flat Rs. 10 per executed order|
|Equity Futures||Flat Rs 20 per order||Flat Rs. 10 per executed order|
|Equity Options||Flat Rs 20 per order||Flat Rs. 10 per executed order|
|Currency Futures||Flat Rs 20 per order||Flat Rs. 10 per executed order|
|Currency Options||Flat Rs 20 per order||Flat Rs. 10 per executed order|
|Commodity Trading||Flat Rs 20 per order||0.01%|
|Hidden Charges||Info Not Available||Info Not Available|
|Funding||Yes - 18% interest PA||Yes - 24% interest PA|
|Call & Trade Charges||Rs 50 Per Call + GST||Rs 20 per call|
|Auto Square off Charges||Rs 50 Per Call + GST||Rs 20|
|Brokerage Calculator||Brokerage Calculator for IIFL Securities||Brokerage Calculator for Nuvama|
Compare IIFL Securities with Nuvama on transaction charges and PCM fee by segment.
|Transaction Charges Compare||IIFL Securities||Nuvama|
|Equity Delivery||Rs 345 Per Cr||Rs 345 Per Cr|
|Equity Intraday||Rs 345 Per Cr||Rs 345 Per Cr|
|Equity Futures||Rs 200 Per Cr||Rs 200 Per Cr|
|Equity Options||Rs 5300 Per Cr||Rs 5300 Per Cr|
|Currency Futures||Rs 90 Per Cr||Rs 90 Per Cr|
|Currency Options||Rs 3500 Per Cr||Rs 3500 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 iifl-securities||Complete Brokerage Plans for nuvama|
Compare IIFL Securities with Nuvama 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 - Nuvama offers Algo Trading where IIFL 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 Compare||IIFL Securities||Nuvama|
|3 in 1 Account|
|Margin Trading Funding Available|
|Combined Ledger for Equity and Commodity|
|Intraday Square-off Time||3:15PM||3:15PM|
With our expert research team, we have compared all the major features of Trading platform b/w IIFL 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||IIFL Securities||Nuvama|
|Desktop Trading Platform||IIFL Trader terminal||Xtreme Trader|
|Desktop Demo||Desktop Demo||Desktop Demo|
|Desktop Platform (Windows)|
|Desktop Platform (Mac)|
|Web Trading Platform|
|Web Trading Detail||https://ttweb.indiainfoline.com||https://tlounge.edelweiss.in/Login|
|Web Trading Demo||Info Not Available||Info Not Available|
|Mobile Trading App||IIFL Markets||Nuvama Mobile Trader|
|Mobile Trading App Demo||IIFL Markets Demo||Nuvama Mobile Trader Demo|
|Android Mobile App|
|Android App Download||Andriod IIFL Markets Download||Andriod Nuvama Mobile Trader Download|
|iPhone Mobile App (IOS)|
|iOS App Download||iOS IIFL Markets Download||iOS Nuvama Mobile Trader Download|
|Android Tablet App|
|iPad App (IOS)|
|Trading Software Charges||Free||Free|
|Equity Brokerage Calculator||Equity Intraday and Delivery Brokerage Calculator for IIFL Securities||Equity Intraday and Delivery Brokerage Calculator for Nuvama|
|Futures Brokerage Calculator||Futures Brokerage Calculator for IIFL Securities||Futures Brokerage Calculator for Nuvama|
|Options Brokerage Calculator||Options Brokerage Calculator for IIFL Securities||Options Brokerage Calculator for Nuvama|
|Detail||Detail on Trading Platforms for iifl-securities||Detail on Trading Platforms for nuvama|
Compare IIFL 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) - both the brokers provides PMS Service. You can invest in stocks/equity/bonds using PMS.
|Investment Offerings Compare||IIFL Securities||Nuvama|
|Equity Cash and F&O|
|Online IPO Application|
|Bond / NCD|
|MF SIP Investment|
|Equity SIP Investment|
|Other Investment Options||NIL||NIL|
Order Type - Compare IIFL 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) - 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)- both offers AMO facilities. The orders are sent to exchange on the next trading day. GTC Orders- IIFL Securities offers Good Till Cancelled (GTC) orders where Nuvama doesn't support Good Till Cancelled (GTC) orders.
|Order Type Compare||IIFL Securities||Nuvama|
|AMO-After Market Orders|
|GTC-Good Till Cancelled|
Compare IIFL 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 Service Compare||IIFL Securities||Nuvama|
|24/7 Customer Service|
|Onine Live Chat|
|Toll Free Number|
|Customer Care Number||022-40071000||1800 102 3335|
|Account Opening Process||Online/Paperless||Online/Paperless|
|Customer Support Email||[email protected]||[email protected]|
|Head Office Address||IIFL House, Sun Infotech Park,
Road No. 16V, Plot No. B-23,
MIDC, Thane Industrial Area,
Wagle Estate, Thane-MH-400604
Off CST Road,
Mumbai - 400098
Compare IIFL Securities with Nuvama on research reports and tips provided by the broker.
Compare IIFL 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 IIFL Securities is ₹400 pa. Nuvama is a better choice in terms of Demat AMC compare to IIFL 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 IIFL Securities is 0.04% of transaction value (Min ₹25) + ₹5.50 (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 Account Annual Maintenance Charges(AMC)||₹400 pa||Free (₹1500 one time charges)|
|Transaction Charges on Debit (Per ISIN)||0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges)||0.02% of transaction value or ₹20 per transaction whichever is higher|
|Demat||₹15 per certificate + ₹40 courier charges||₹2 per certificate + ₹30 courier charges|
|Remat||₹15 for every hundred securities or ₹15 per certificate (whichever is higher) + ₹40 courier charges||₹10 for every hundred securities after that ₹10 per request + ₹30 request charges|
|Pledge Creation||₹50||0.02% of transaction value (Min ₹50)|
|Pledge Creation Confirmation||Nil||Nil|
|Pledge Closure||Nil||0.02% of transaction value (Min ₹50)|
|Pledge Closure Confirmation||Nil||Nil|
|Pledge Invocation||Nil||0.02% of transaction value (Min ₹50)|
|Failed Instruction Charges||Nil||Nil|
Compare IIFL Securities with Nuvama on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.
|Pay In and Pay Out Options||Pay-in/adding funbds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from TradeTerminal or TTWeb or Mobile App.
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||Max 24 hrs except bank holidays, Minimum balance of Rs 1000 need to be maintain.Amount shold be greter then Rs 999.||Upto 24 Hrs except Bank Holidays.|
|Bank Supported and Charges||Around 23 banks allow instant credit facility (Payment Gateway) with charges of Rs 9 from IIFL trading platforms.||Info Not Available|
|Bank Detail||India Infoline Ltd
Bank and Branch: CitiBank, Mumbai
Account Type: Current Account
IFSC Code: CITI0100000
|Enquiry||Open IIFL Securities Account Now>>||Open Nuvama Account Now>>|
Last Updated on 2023-03-09T03:17:48+00:00
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