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Anand Rathi 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 Anand Rathi Max 0.02 to 0.20% per trade while the brokerage of Nuvama Wealth ranges between Rs 10. Anand Rathi is a Full Service Broker where Nuvama Wealth is a Discount Broker. Anand Rathi is having overall lower rating compare to Nuvama Wealth. Anand Rathi is rated only 3 out of 5 where Nuvama Wealth is rated 3.5 out of 5. Number of active customer for Nuvama Wealth is 1,72,812 where number of active customer for Anand Rathi is 1,20,565. Nuvama Wealth is serving more customer compare to Anand Rathi.

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

  Anand Rathi Compare
Anand Rathi
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 1,20,565 1,72,812
Broker Overview Open a Free Anand Rathi Trading & Demat Account to trade or invest across multiple products, get free trading tips and expert research reports, personalized advisory, and portfolio management services (PMS). 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 Anand Rathi vs Nuvama Wealth on Trading & Demat Account Opening Charges

Comparison of Anand Rathi with Nuvama Wealth on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - Anand Rathi charges Rs 450 PA (Free for 1st 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 Anand Rathi with Nuvama Wealth
Charges Anand Rathi Nuvama Wealth
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 450 PA (Free for 1st year) Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year]
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Anand Rathi vs Nuvama Wealth on Plan Options

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

Compare Anand Rathi with Nuvama Wealth on Plan Options
Plan Types Anand Rathi 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 Anand Rathi vs Nuvama Wealth on Brokerage Charges

Anand Rathi Brokerage Plan detail - Anand Rathi has a fixed percentage-based brokerage plan that charges a 0.02% to o.20% brokerage fee on trading in different segments.

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 Anand Rathi with Nuvama Wealth
Brokerage Charges Compare Anand Rathi Nuvama Wealth
Plan Name Classic Trading Plan (Percentage Based) Nuvama Lite
Equity Delivery 0.20% Flat Rs. 10 per executed order
Equity Intraday 0.02% Flat Rs. 10 per executed order
Equity Futures 0.02% Flat Rs. 10 per executed order
Equity Options Rs 50 per lot Flat Rs. 10 per executed order
Currency Futures 0.02% Flat Rs. 10 per executed order
Currency Options Rs 20 per lot Flat Rs. 10 per executed order
Commodity Trading 0.02% 0.01%
Minimum Brokerage NIL NIL
Hidden Charges Info Not Available Info Not Available
Funding Info Not Available Yes - 24% interest PA
Call & Trade Charges Free Rs 20 per call
Auto Square off Charges NA Rs 20
Brokerage Calculator Brokerage Calculator for Anand Rathi Brokerage Calculator for Nuvama Wealth
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Share Broker's Transaction Charges

Compare Anand Rathi vs Nuvama Wealth on Transaction Charges

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

Transaction Charges - Compare Anand Rathi with Nuvama Wealth
Transaction Charges Compare Anand Rathi 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 anand-rathi-broker Complete Brokerage Plans for nuvama-wealth
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Account Features

Compare Anand Rathi vs Nuvama Wealth on Account Features

Compare Anand Rathi 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 - both offers Algo trading/Automated Trading/Robotic trading/Program Trading for equity. 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 - Anand Rathi with Nuvama Wealth
Account Features Compare Anand Rathi Nuvama Wealth
3 in 1 Account No Anand Rathi have 2-in-1 account. Only Demate and Trading account. No Anand Rathi have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading Yes 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 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 Anand Rathi vs Nuvama Wealth on Trading Platform

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

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Broker Ratings by Users

Compare Anand Rathi vs Nuvama Wealth on User Rating

  Anand Rathi Nuvama Wealth
  2 Customer Reviews    Rate Anand Rathi 4 Customer Reviews    Rate Nuvama Wealth
Fees Ratings 3.5 2.8
Trading Brokerage Rating 3.0 3.0
Trading Platform Usability 3.0 3.5
Customer Service Ratings 3.5 1.8
Overall Ratings 3.0 2.0
Broker Rating Anand Rathi is Rated 3.0 / 5 based on 2 customer reviews Nuvama Wealth is Rated 2.0 / 5 based on 4 customer reviews
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Investment Offerings

Compare Anand Rathi vs Nuvama Wealth on Investment Offerings

Compare Anand Rathi 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 Anand Rathi with Nuvama Wealth
Investment Offerings Compare Anand Rathi 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 Yes Yes
PMS Service Yes Yes
Other Investment Options NIL NIL
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Order Types

Compare Anand Rathi vs Nuvama Wealth on Order Types

Order Type - Compare Anand Rathi 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) - Nuvama Wealth provides Cover Orders (CO) where Anand Rathi 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)- both offers AMO facilities. The orders are sent to exchange on the next trading day. GTC Orders- Both broker doesn't support Good Till Cancelled (GTC) orders.

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

Compare Anand Rathi vs Nuvama Wealth on Customer Service

Compare Anand Rathi 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 Anand Rathi with Nuvama Wealth
Customer Service Compare Anand Rathi Nuvama Wealth
24/7 Customer Service Anand Rathi vs Nuvama Wealth - 24x7 customer support No No
Email Support Anand Rathi vs Nuvama Wealth - Email Support Yes Yes
Onine Live Chat Anand Rathi vs Nuvama Wealth - Onine Live Chat Yes No
Phone Support Anand Rathi vs Nuvama Wealth - Phone Support Yes Yes
Toll Free Number Anand Rathi vs Nuvama Wealth - Toll Free Number Yes Yes
Through Branches Anand Rathi vs Nuvama Wealth - Through Branches Yes Yes
Customer Care Number Anand Rathi vs Nuvama Wealth - Customer Care Number 0291 710 5596/1800 420 1004 (toll-free) 1800 102 3335
Account Opening Process Anand Rathi vs Nuvama Wealth - Account Opening Process Info Not Available Online/Paperless
Customer Support Email Anand Rathi vs Nuvama Wealth - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Anand Rathi vs Nuvama Wealth - Knowledge Center/Education https://anandrathi.com/Inv_rathi_blog/ https://www.nuvamawealth.com/investology
Head Office Address Anand Rathi vs Nuvama Wealth - Head Office Address/Corporate Address Info Not Available Edelweiss House,
Off CST Road,
Kalina,
Mumbai - 400098
Website Anand Rathi vs Nuvama Wealth - Company Website Info Not Available https://www.nuvamawealth.com/
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Tips/Research/Reports Published

Compare Anand Rathi vs Nuvama Wealth on Research Reports, Tips

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

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

Compare Anand Rathi vs Nuvama Wealth on Demat Account

Compare Anand Rathi 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 Anand Rathi is ₹450 pa (Second year onwards). Nuvama Wealth is a better choice in terms of Demat AMC compare to Anand Rathi.

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 Anand Rathi is ₹15 + ₹5.50 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 Anand Rathi with Nuvama Wealth
  Anand Rathi Nuvama Wealth
DP Source CDSL CDSL
DP ID Anand Rathi vs Nuvama Wealth - DP ID No 19100
Demat Account Annual Maintenance Charges(AMC) ₹450 pa (Second year onwards) Free (₹1500 one time charges)
Advance Deposit NIL NIL
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) ₹15 + ₹5.50 CDSL charges 0.02% of transaction value or ₹20 per transaction whichever is higher
Demat ₹3 per certificate + ₹35 courier charges ₹2 per certificate + ₹30 courier charges
Remat ₹15 for every hundred securities or ₹15 per certificate (whichever is higher) ₹10 for every hundred securities after that ₹10 per request + ₹30 request charges
Pledge Creation 0.01% of the value (Min ₹50) + CDSL charges 0.02% of transaction value (Min ₹50)
Pledge Creation Confirmation Nil Nil
Pledge Closure 0.01% of the value (Min ₹50) + CDSL charges 0.02% of transaction value (Min ₹50)
Pledge Closure Confirmation 0.01% of the value (Min ₹50) + CDSL charges Nil
Pledge Invocation 0.01% of the value (Min ₹50) + CDSL charges 0.02% of transaction value (Min ₹50)
Failed Instruction Charges ₹25 Nil
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare Anand Rathi vs Nuvama Wealth on Special Offers and Promotion

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

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

Read out the most important benefits or advantages of why choose Anand Rathi?

  • Online trading in equity, derivatives, currency, and commodity.
  • Mutual funds, FDs, NCDs, and portfolio management services (PMS).
  • Zero account opening charges.
  • Zero maintenance fee for the first year.
  • Trade X’Press+, TradeX’Pro, and Trade Mobi App with real-time charting.
  • Free Research: Fundamental & technical research, FNO, commodity, and currency research reports.
  • Investment Basket: A thematic investing product.
  • Equity SIP (E-SIP) facility to invest in shares.
  • Place after-market order (AMO).
  • Blog and knowledge center for beginners.
  • Loan against shares and Margin trading facility (MTF).
  • Free call & trade

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

There are some disadvantages or drawbacks also, here are the same;

  • Does not offer direct mutual funds.
  • No 3-in-1 account
  • A bit higher brokerage fee than other discount brokers.

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 Zerodha Account Now>> Open Nuvama Wealth Account Now>>

Last Updated on 2023-08-25T06:31:27+00:00