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Nuvama Wealth Vs Paytm Money: Which one is better?

Both the brokers are registered with SEBI. Nuvama Wealth offers investmenet in Equity, F&O, Currency and Commodities, where Paytm Money offers investment in Equity, F&O and Currency only. The brokerage of Nuvama Wealth Max Rs 10 per trade while the brokerage of Paytm Money Max Rs 20 per trade. Both the brokers are Discount Brokers. Nuvama Wealth is having overall lower rating compare to Paytm Money. Nuvama Wealth is rated only 3.5 out of 5 where Paytm Money is rated 4 out of 5. Number of active customer for Paytm Money is 8,14,342 where number of active customer for Nuvama Wealth is 1,74,590. Paytm Money is serving more customer compare to Nuvama Wealth.

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

  Nuvama Wealth Compare
Nuvama Wealth
Paytm Money Compare
Paytm Money
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Discount Broker Discount Broker
Exchanges Supported What is this parameter? BSE, NSE, MCX, NCDEX NSE, BSE
Active Clients 1,74,590 8,14,342
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 In a short span of time since 2017, Paytm Money became one of the fastest-growing brokers with its Rs. 20 maximum brokerage trading fee, and commission-free mutual fund investment on the simple, user-friendly, & transparent Paytm Money App & ...Know more about Paytm Money
Broker Enquiry Request call back from Nuvama Wealth Request call back from Paytm Money
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Account Opening Charges and AMC

Compare Nuvama Wealth vs Paytm Money on Trading & Demat Account Opening Charges

Comparison of Nuvama Wealth with Paytm Money on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - Paytm Money offer Free 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 Nuvama Wealth with Paytm Money
Charges Nuvama Wealth Paytm Money
Trading Account Opening Fees Free Free
Trading AMC Free Rs 30 per month (Platform fees)
Demat Account Opening Fees Free Free
Demat AMC Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year] Free
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Nuvama Wealth vs Paytm Money on Plan Options

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

Compare Nuvama Wealth with Paytm Money on Plan Options
Plan Types Nuvama Wealth Paytm Money
Multiple Plans Yes No
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Nuvama Wealth Paytm Money
Account Opening Request
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Brokerage Charges

Compare Nuvama Wealth vs Paytm Money 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.

Paytm Money Brokerage Plan detail - Paytm Money offers a flat brokerage plan for trading in the equity segment whereas mutual fund investment with Paytm Money is absolutely free of cost. The brokerage house offers online trading at a maximum Rs 20 per order brokerage fee, while if you already have an active demat and trading account with Paytm Money before 26 August, you will still enjoy trading across segments at a maximum brokerage of Rs 15 per executed order.

Brokerage Charges - Compare Nuvama Wealth with Paytm Money
Brokerage Charges Compare Nuvama Wealth Paytm Money
Plan Name Nuvama Lite Flat Brokerage Plan
Equity Delivery Flat Rs. 10 per executed order 2.5% or Rs 20 whichever is lower
Equity Intraday Flat Rs. 10 per executed order 0.05% or Rs 20 whichever is lower
Equity Futures Flat Rs. 10 per executed order 0.02% or Rs 20 whichever is lower
Equity Options Flat Rs. 10 per executed order Flat Fee Rs 20
Currency Futures Flat Rs. 10 per executed order NA
Currency Options Flat Rs. 10 per executed order NA
Commodity Trading 0.01% NA
Minimum Brokerage NIL NIL
Hidden Charges Info Not Available No
Funding Yes - 24% interest PA Info Not Available
Call & Trade Charges Rs 20 per call Rs 100/order +GST
Auto Square off Charges Rs 20 Rs 50/order + GST
Brokerage Calculator Brokerage Calculator for Nuvama Wealth Brokerage Calculator for Paytm Money
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Share Broker's Transaction Charges

Compare Nuvama Wealth vs Paytm Money on Transaction Charges

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

Transaction Charges - Compare Nuvama Wealth with Paytm Money
Transaction Charges Compare Nuvama Wealth Paytm Money
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 260 Per Cr | Agri: Rs 175 Per Cr NA
Brokerage Charges Complete Brokerage Plans for nuvama-wealth Complete Brokerage Plans for paytm-money
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Account Features

Compare Nuvama Wealth vs Paytm Money on Account Features

Compare Nuvama Wealth with Paytm Money 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 Wealth offers Algo Trading where Paytm Money doesn't offers Algo Trading. Margin Funding - Nuvama Wealth offers a margin funding where Paytm Money doesn't offers margin funding. NRI Trading - Nuvama Wealth offers NRI where Paytm Money doesn't offers NRI Trading.

Account Features - Nuvama Wealth with Paytm Money
Account Features Compare Nuvama Wealth Paytm Money
3 in 1 Account No Nuvama Wealth have 2-in-1 account. Only Demate and Trading account. No Nuvama Wealth have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading Yes No
SMS Alerts Yes No
Online Demo Yes No
Online Portfolio Yes Yes
Margin Trading Funding Available Yes No
Combined Ledger for Equity and Commodity No No
Intraday Square-off Time 3:15PM 3:10 PM
NRI Trading Yes No
Other Features NIL NIL
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Trading Platform

Compare Nuvama Wealth vs Paytm Money on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Nuvama Wealth and Paytm Money. 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 Paytm Money
Trading Platform Compare Nuvama Wealth Paytm Money
Desktop Trading Platform Xtreme Trader Paytm Money
Desktop Demo Desktop Demo Info Not Available
Desktop Platform (Windows) Yes No
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://tlounge.edelweiss.in/Login Paytm Money Web
Web Trading Demo Info Not Available Web Trading Demo
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App Nuvama Mobile Trader Paytm Money App
Mobile Trading App Demo Nuvama Mobile Trader Demo Paytm Money App Demo
Android Mobile App Yes Yes
Android App Download Andriod Nuvama Mobile Trader Download Andriod Paytm Money App Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS Nuvama Mobile Trader Download iOS Paytm Money App Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
Trading Software Charges Free Rs. 30 per month
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Nuvama Wealth Equity Intraday and Delivery Brokerage Calculator for Paytm Money
Futures Brokerage Calculator Futures Brokerage Calculator for Nuvama Wealth Futures Brokerage Calculator for Paytm Money
Options Brokerage Calculator Options Brokerage Calculator for Nuvama Wealth Options Brokerage Calculator for Paytm Money
Detail Detail on Trading Platforms for nuvama-wealth Detail on Trading Platforms for paytm-money

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Broker Ratings by Users

Compare Nuvama Wealth vs Paytm Money on User Rating

  Nuvama Wealth Paytm Money
  4 Customer Reviews    Rate Nuvama Wealth 5 Customer Reviews    Rate Paytm Money
Fees Ratings 2.8 3.2
Trading Brokerage Rating 3.0 3.8
Trading Platform Usability 3.5 3.0
Customer Service Ratings 1.8 3.0
Overall Ratings 2.0 3.4
Broker Rating Nuvama Wealth is Rated 2.0 / 5 based on 4 customer reviews Paytm Money is Rated 3.4 / 5 based on 5 customer reviews
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Investment Offerings

Compare Nuvama Wealth vs Paytm Money on Investment Offerings

Compare Nuvama Wealth with Paytm Money 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 Paytm Money doesn't offer. Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - Nuvama Wealth provide PMS Service where Paytm Money doesn't offer

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

Compare Nuvama Wealth vs Paytm Money on Order Types

Order Type - Compare Nuvama Wealth with Paytm Money 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) - Paytm Money provides 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- Paytm Money offers Good Till Cancelled (GTC) orders where Nuvama Wealth doesn't support Good Till Cancelled (GTC) orders.

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

Compare Nuvama Wealth vs Paytm Money on Customer Service

Compare Nuvama Wealth with Paytm Money 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 Paytm Money
Customer Service Compare Nuvama Wealth Paytm Money
24/7 Customer Service Nuvama Wealth vs Paytm Money - 24x7 customer support No No
Email Support Nuvama Wealth vs Paytm Money - Email Support Yes Yes
Onine Live Chat Nuvama Wealth vs Paytm Money - Onine Live Chat No No
Phone Support Nuvama Wealth vs Paytm Money - Phone Support Yes No
Toll Free Number Nuvama Wealth vs Paytm Money - Toll Free Number Yes No
Through Branches Nuvama Wealth vs Paytm Money - Through Branches Yes No
Customer Care Number Nuvama Wealth vs Paytm Money - Customer Care Number 1800 102 3335 Info Not Available
Account Opening Process Nuvama Wealth vs Paytm Money - Account Opening Process Online/Paperless Online/Paperless
Customer Support Email Nuvama Wealth vs Paytm Money - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Nuvama Wealth vs Paytm Money - Knowledge Center/Education https://www.nuvamawealth.com/investology https://www.paytmmoney.com/care
Head Office Address Nuvama Wealth vs Paytm Money - Head Office Address/Corporate Address Edelweiss House,
Off CST Road,
Kalina,
Mumbai - 400098
Paytm Money Stock Broking
Essae Vaishnavi Summit
Ground Floor, Koramangla,
80 Feet Road, Bengaluru - 560034
Website Nuvama Wealth vs Paytm Money - Company Website https://www.nuvamawealth.com/ https://www.paytmmoney.com/
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Tips/Research/Reports Published

Compare Nuvama Wealth vs Paytm Money on Research Reports, Tips

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

Research Reports - Compare Nuvama Wealth with Paytm Money
  Nuvama Wealth Paytm Money
Research Mutual Funds Nuvama Wealth vs Paytm Money - Research Mutual Funds Yes No
Research Equity Reports Nuvama Wealth vs Paytm Money - Research Equity Reports Yes No
Research ETF Nuvama Wealth vs Paytm Money - Research ETF Yes No
Daily Market Report Nuvama Wealth vs Paytm Money - Daily Market Report Yes No
Free Tips Nuvama Wealth vs Paytm Money - Free Tips Yes No
Quarterly Result Analysis Nuvama Wealth vs Paytm Money - Quarterly Results Yes No
News Alerts Nuvama Wealth vs Paytm Money - Yes No
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Demat Account

Compare Nuvama Wealth vs Paytm Money on Demat Account

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

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 Paytm Money is ₹10 per ISIN.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 Paytm Money
  Nuvama Wealth Paytm Money
DP Source CDSL CDSL
DP ID Nuvama Wealth vs Paytm Money - DP ID 19100 12088800
Demat Account Annual Maintenance Charges(AMC) Free (₹1500 one time charges) Zero
Advance Deposit NIL Nil
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.02% of transaction value or ₹20 per transaction whichever is higher ₹10 per ISIN
Demat ₹2 per certificate + ₹30 courier charges ₹250 per 100 shares
Remat ₹10 for every hundred securities after that ₹10 per request + ₹30 request charges ₹250 per 100 shares
Pledge Creation 0.02% of transaction value (Min ₹50) ₹32 per ISIN
Pledge Creation Confirmation Nil Nil
Pledge Closure 0.02% of transaction value (Min ₹50) ₹32 per ISIN
Pledge Closure Confirmation Nil Nil
Pledge Invocation 0.02% of transaction value (Min ₹50) ₹32 per ISIN
Failed Instruction Charges Nil Nil
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare Nuvama Wealth vs Paytm Money on Special Offers and Promotion

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

Compare Nuvama Wealth vs Paytm Money on Special Offers and Promotion
  Nuvama Wealth Paytm Money
Pay In and Pay Out Options Nuvama Wealth vs Paytm Money - 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
Pay-in/adding funds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking
Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time Nuvama Wealth vs Paytm Money - Payout Time Upto 24 Hrs except Bank Holidays. Max 24 hrs except bank holidays
Bank Supported and Charges Nuvama Wealth vs Paytm Money - Bank Supported and Charges Info Not Available Paytm Money allows 190+ Banks.
Bank Detail Nuvama Wealth,
Account Number:EBL1XXXXXXXXX
Bank and Branch: CitiBank, Mumbai
Account Type: Current Account
IFSC Code: CITI0100000
Info Not Available
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...

  • 100% paperless KYC process
  • No annual maintenance charges on Demat Account
  • Free account opening at no cost
  • Brokerage-free investment in direct mutual funds
  • Transparent pricing model of Rs 20 brokerage
  • One-tap investment in IPO
  • User-friendly platforms with ease of investment
  • Swift and secure UPI payment
  • Bracket order, cover order, GTT order, and OCO order

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...

  • No commodity and currency trading
  • Does not offer NRI trading
  • Its platform are not free of cost.
  • No 3-in-1 account opening facility.
  • Does not offer Rs 0 brokerage unlimited monthly trading plans.
  • Delivery trading is not free
  • No trading terminal offered
  • No branch or customer support
  • High call & trade charge

Detail Review...

Special Offers/Promo
Enquiry Open Nuvama Wealth Account Now>> Open Paytm Money Account Now>>

Last Updated on 2024-01-15T22:01:18+00:00