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Religare Broking 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 Religare Broking Max 0.05 to 0.50% per trade while the brokerage of Nuvama Wealth ranges between Rs 10. Religare Broking is a Full Service Broker where Nuvama Wealth is a Discount Broker. Overall rating for both the brokers are equal with rating 3.5 out of 5. Number of active customer for Nuvama Wealth is 1,74,590 where number of active customer for Religare Broking is 1,43,944. Nuvama Wealth is serving more customer compare to Religare Broking.

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

  Religare Broking Compare
Religare Broking
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? NSE, BSE, MCX BSE, NSE, MCX, NCDEX
Active Clients 1,43,944 1,74,590
Broker Overview Open free Religare Demat & Trading Account, and trade via user-friendly platforms; Dynami App and Religare Online website. Also invest in the SmartInvest portfolio management services, US stocks, and get experts trading tips, investment ideas, an... Know more about Religare Broking 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 Zerodha Request call back from Nuvama Wealth
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Account Opening Charges and AMC

Compare Religare Broking vs Nuvama Wealth on Trading & Demat Account Opening Charges

Comparison of Religare Broking with Nuvama Wealth on trading & demat account opening charges and AMC. Trading account opening charges - Nuvama Wealth offer Free account opening where Religare Broking charges Rs 500 for account opening. Demat AMC charges - Religare Broking charges Rs 400 PA [Free for first year] 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 Religare Broking with Nuvama Wealth
Charges Religare Broking Nuvama Wealth
Trading Account Opening Fees Rs 500 Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 400 PA [Free for first year] Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year]
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Religare Broking vs Nuvama Wealth on Plan Options

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

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

Account Opening

  Zerodha Nuvama Wealth
Account Opening Request
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Brokerage Charges

Compare Religare Broking vs Nuvama Wealth on Brokerage Charges

Religare Broking Brokerage Plan detail - Religare One is a standard brokerage plan that charges a fixed percentage of brokerage from clients. The plan also provides a 3-month free subscription to the fair deal plan that charges Rs. 0 brokerages on non-profitable trades and options trading at just Rs. 5 per lot.

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 Religare Broking with Nuvama Wealth
Brokerage Charges Compare Religare Broking Nuvama Wealth
Plan Name Religare One Brokerage Plan (Percentage Based) Nuvama Lite
Equity Delivery 0.50% to 0.10% Flat Rs. 10 per executed order
Equity Intraday 0.05% to 0.01% Flat Rs. 10 per executed order
Equity Futures 0.05% or 5 paisa Flat Rs. 10 per executed order
Equity Options Rs 70 Per Lot Flat Rs. 10 per executed order
Currency Futures 0.05% or 5 paisa Flat Rs. 10 per executed order
Currency Options Rs 30 Per Lot Flat Rs. 10 per executed order
Commodity Trading Futures: 0.05%| Options: Rs 30 per lot 0.01%
Minimum Brokerage 1p per share NIL
Hidden Charges Yes Info Not Available
Funding Yes - 21% interest PA Yes - 24% interest PA
Call & Trade Charges Rs 10 per order, Max rs 50 per segment per day Rs 20 per call
Auto Square off Charges Rs 10 per order, Max rs 50 per segment per day Rs 20
Brokerage Calculator Brokerage Calculator for Religare Broking Brokerage Calculator for Nuvama Wealth
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Share Broker's Transaction Charges

Compare Religare Broking vs Nuvama Wealth on Transaction Charges

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

Transaction Charges - Compare Religare Broking with Nuvama Wealth
Transaction Charges Compare Religare Broking 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 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 religare-broking Complete Brokerage Plans for nuvama-wealth
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Account Features

Compare Religare Broking vs Nuvama Wealth on Account Features

Compare Religare Broking with Nuvama Wealth 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 Religare Broking doesn't offers Algo Trading. Margin Funding - Nuvama Wealth offers a margin funding where Religare Broking doesn't offers margin funding. NRI Trading - Both broker provides NRI Trading facility.

Account Features - Religare Broking with Nuvama Wealth
Account Features Compare Religare Broking Nuvama Wealth
3 in 1 Account No Religare Broking have 2-in-1 account. Only Demate and Trading account. No Religare Broking 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 No Yes
Combined Ledger for Equity and Commodity Yes No
Intraday Square-off Time 3:15PM 3:15PM
NRI Trading Yes Yes
Other Features NIL NIL
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Trading Platform

Compare Religare Broking vs Nuvama Wealth on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Religare Broking 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 Religare Broking with Nuvama Wealth
Trading Platform Compare Religare Broking Nuvama Wealth
Desktop Trading Platform OdinDiet and Power FnO 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://secure.religareonline.com/Login.aspx 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 Religare Dynami Nuvama Mobile Trader
Mobile Trading App Demo Religare Dynami Demo Nuvama Mobile Trader Demo
Android Mobile App Yes Yes
Android App Download Andriod Religare Dynami Download Andriod Nuvama Mobile Trader Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS Religare Dynami 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 Religare Broking Equity Intraday and Delivery Brokerage Calculator for Nuvama Wealth
Futures Brokerage Calculator Futures Brokerage Calculator for Religare Broking Futures Brokerage Calculator for Nuvama Wealth
Options Brokerage Calculator Options Brokerage Calculator for Religare Broking Options Brokerage Calculator for Nuvama Wealth
Detail Detail on Trading Platforms for religare-broking Detail on Trading Platforms for nuvama-wealth

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Broker Ratings by Users

Compare Religare Broking vs Nuvama Wealth on User Rating

  Religare Broking Nuvama Wealth
  56 Customer Reviews    Rate Religare Broking 4 Customer Reviews    Rate Nuvama Wealth
Fees Ratings 3.2 2.8
Trading Brokerage Rating 3.2 3.0
Trading Platform Usability 3.0 3.5
Customer Service Ratings 2.9 1.8
Overall Ratings 2.9 2.0
Broker Rating Religare Broking is Rated 2.9 / 5 based on 56 customer reviews Nuvama Wealth is Rated 2.0 / 5 based on 4 customer reviews
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Investment Offerings

Compare Religare Broking vs Nuvama Wealth on Investment Offerings

Compare Religare Broking 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) - Nuvama Wealth provides PMS Service where Religare Broking doesn't offer

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

Compare Religare Broking vs Nuvama Wealth on Order Types

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

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

Compare Religare Broking vs Nuvama Wealth on Customer Service

Compare Religare Broking 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 Religare Broking with Nuvama Wealth
Customer Service Compare Religare Broking Nuvama Wealth
24/7 Customer Service Religare Broking vs Nuvama Wealth - 24x7 customer support No No
Email Support Religare Broking vs Nuvama Wealth - Email Support Yes Yes
Onine Live Chat Religare Broking vs Nuvama Wealth - Onine Live Chat No No
Phone Support Religare Broking vs Nuvama Wealth - Phone Support Yes Yes
Toll Free Number Religare Broking vs Nuvama Wealth - Toll Free Number No Yes
Through Branches Religare Broking vs Nuvama Wealth - Through Branches Yes Yes
Customer Care Number Religare Broking vs Nuvama Wealth - Customer Care Number 1860-25-88888 1800 102 3335
Account Opening Process Religare Broking vs Nuvama Wealth - Account Opening Process Online/Paperless Online/Paperless
Customer Support Email Religare Broking vs Nuvama Wealth - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Religare Broking vs Nuvama Wealth - Knowledge Center/Education Not available https://www.nuvamawealth.com/investology
Head Office Address Religare Broking vs Nuvama Wealth - Head Office Address/Corporate Address Religare Broking Limited,
2nd Floor,
Rajlok Building,
24, Nehru Place,
New Delhi-110019
Edelweiss House,
Off CST Road,
Kalina,
Mumbai - 400098
Website Religare Broking vs Nuvama Wealth - Company Website http://www.religareonline.com https://www.nuvamawealth.com/
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Tips/Research/Reports Published

Compare Religare Broking vs Nuvama Wealth on Research Reports, Tips

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

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

Compare Religare Broking vs Nuvama Wealth on Demat Account

Compare Religare Broking 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 Religare Broking is ₹400 pa. Nuvama Wealth is a better choice in terms of Demat AMC compare to Religare Broking.

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 Religare Broking is ₹12 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 Religare Broking with Nuvama Wealth
  Religare Broking Nuvama Wealth
DP Source CDSL CDSL
DP ID Religare Broking vs Nuvama Wealth - DP ID 30200 19100
Demat Account Annual Maintenance Charges(AMC) ₹400 pa Free (₹1500 one time charges)
Advance Deposit Rs. 500/- NIL
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) ₹12 0.02% of transaction value or ₹20 per transaction whichever is higher
Demat ₹5 per certificate + ₹30 courier charges ₹2 per certificate + ₹30 courier charges
Remat ₹20 per certificate + ₹30 courier charges + CDSL Charges ₹10 for every hundred securities after that ₹10 per request + ₹30 request charges
Pledge Creation 0.02% of transaction value or ₹50 whichever is higher 0.02% of transaction value (Min ₹50)
Pledge Creation Confirmation 0.02% of transaction value or ₹50 whichever is higher Nil
Pledge Closure 0.02% of transaction value or ₹50 whichever is higher 0.02% of transaction value (Min ₹50)
Pledge Closure Confirmation 0.02% of transaction value or ₹50 whichever is higher Nil
Pledge Invocation 0.02% of transaction value or ₹50 whichever is higher 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 Religare Broking vs Nuvama Wealth on Special Offers and Promotion

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

Compare Religare Broking vs Nuvama Wealth on Special Offers and Promotion
  Religare Broking Nuvama Wealth
Pay In and Pay Out Options Religare Broking vs Nuvama Wealth - Pay In and Pay Out Options Pay-in/adding funds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from Religare Mobile, Rligare Desktop and Web application.
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 Religare Broking vs Nuvama Wealth - Payout Time Upto 24 Hrs except Bank Holidays. Upto 24 Hrs except Bank Holidays.
Bank Supported and Charges Religare Broking vs Nuvama Wealth - Bank Supported and Charges 21+ bank connected via payment gatway, Rs 10 fee for per transaction. Info Not Available
Bank Detail RELIGARE BROKING LIMITED,
Account Number:30078551502
Bank and Branch: SBI,Capital Market Branch,Mumbai
Account Type: Current Account
IFSC Code:SBIN0011777
Nuvama Wealth,
Account Number:EBL1XXXXXXXXX
Bank and Branch: CitiBank, Mumbai
Account Type: Current Account
IFSC Code: CITI0100000
Likes
  • Invest in a bouquet of products.
  • Multiple brokerage plans.
  • Zero account opening charges.
  • Zero AMC for the first year.
  • State-of-the-art platforms with charting and other features.
  • Best-in-class research services from experts.
  • Dynami Wrap app, a free mutual fund investment
  • Fair Deal plan: Zero brokerage on loss-making trades for 3 months.
  • Dedicated relationship manager.
  • Margin trading.

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
  • Minimum brokerage charges is levied.
  • Non-transparent brokerage structure.
  • Religare does not have a flat discount brokerage plan.
  • ODIN Diet is a paid platform.

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 - Account opening fees Rs 500 waived off if you open an account with Rs 25000 margin.
Enquiry Open Zerodha Account Now>> Open Nuvama Wealth Account Now>>

Last Updated on 2023-09-13T03:22:46+00:00