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Finvasia 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 Finvasia Max Rs 0 per trade while the brokerage of Nuvama Wealth Max Rs 10 per trade. Both the brokers are Discount Brokers. Finvasia is having overall higher rating compare to Nuvama Wealth. Finvasia is rated 4 out of 5 where Nuvama Wealth is rated only 3.5 out of 5. Number of active customer for Nuvama Wealth is 1,72,812 where number of active customer for Finvasia is 94,480. Nuvama Wealth is serving more customer compare to Finvasia.

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

  Finvasia Compare
Finvasia
Nuvama Wealth Compare
Nuvama Wealth
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 BSE, NSE, MCX, NCDEX
Active Clients 94,480 1,72,812
Broker Overview Finvasia is India’s first discount brokerage house offering zero brokerage online trading account, zero lifetime Demat AMC, and online trading in stocks, derivatives, commodities, and currencies at absolutely NIL brokerage on the feature-rich S... Know more about Finvasia 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 Finvasia vs Nuvama Wealth on Trading & Demat Account Opening Charges

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

Compare Finvasia vs Nuvama Wealth on Plan Options

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

Compare Finvasia with Nuvama Wealth on Plan Options
Plan Types Finvasia 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 Finvasia vs Nuvama Wealth on Brokerage Charges

Finvasia Brokerage Plan detail - Free Trading - Zero Brokerage Plan: Finvasia allows customers to trade in different segments at free of cost.

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 Finvasia with Nuvama Wealth
Brokerage Charges Compare Finvasia Nuvama Wealth
Plan Name Zero Brokerage Trading Plan Nuvama Lite
Equity Delivery Rs 0 Flat Rs. 10 per executed order
Equity Intraday Rs 0 Flat Rs. 10 per executed order
Equity Futures Rs 0 Flat Rs. 10 per executed order
Equity Options Rs 0 Flat Rs. 10 per executed order
Currency Futures Rs 0 Flat Rs. 10 per executed order
Currency Options Rs 0 Flat Rs. 10 per executed order
Commodity Trading Rs 0 0.01%
Minimum Brokerage NA NIL
Hidden Charges No Info Not Available
Funding Yes, 24% interest PA Yes - 24% interest PA
Call & Trade Charges Free Rs 20 per call
Auto Square off Charges Free Rs 20
Brokerage Calculator Brokerage Calculator for Finvasia Brokerage Calculator for Nuvama Wealth
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Share Broker's Transaction Charges

Compare Finvasia vs Nuvama Wealth on Transaction Charges

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

Transaction Charges - Compare Finvasia with Nuvama Wealth
Transaction Charges Compare Finvasia 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 finvasia Complete Brokerage Plans for nuvama-wealth
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Account Features

Compare Finvasia vs Nuvama Wealth on Account Features

Compare Finvasia 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 - Nuvama Wealth offers a margin funding where Finvasia doesn't offers margin funding. NRI Trading - Both broker provides NRI Trading facility.

Account Features - Finvasia with Nuvama Wealth
Account Features Compare Finvasia Nuvama Wealth
3 in 1 Account No Finvasia have 2-in-1 account. Only Demate and Trading account. No Finvasia have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading Yes Yes
SMS Alerts No 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 3:15 PM 3:15PM
NRI Trading Yes Yes
Other Features NIL NIL
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Trading Platform

Compare Finvasia vs Nuvama Wealth on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Finvasia 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 Finvasia with Nuvama Wealth
Trading Platform Compare Finvasia Nuvama Wealth
Desktop Trading Platform OMNESYS NEST 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://trade.finvasia.com/ 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 SCALPERT Nuvama Mobile Trader
Mobile Trading App Demo SCALPERT Demo Nuvama Mobile Trader Demo
Android Mobile App Yes Yes
Android App Download Andriod SCALPERT Download Andriod Nuvama Mobile Trader Download
iPhone Mobile App (IOS) No Yes
iOS App Download Info Not Available iOS Nuvama Mobile Trader Download
Android Tablet App Yes Yes
iPad App (IOS) No Yes
Trading Software Charges Basic platforms are free, advance platforms are chargeable. Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Finvasia Equity Intraday and Delivery Brokerage Calculator for Nuvama Wealth
Futures Brokerage Calculator Futures Brokerage Calculator for Finvasia Futures Brokerage Calculator for Nuvama Wealth
Options Brokerage Calculator Options Brokerage Calculator for Finvasia Options Brokerage Calculator for Nuvama Wealth
Detail Detail on Trading Platforms for finvasia Detail on Trading Platforms for nuvama-wealth

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Broker Ratings by Users

Compare Finvasia vs Nuvama Wealth on User Rating

  Finvasia Nuvama Wealth
  17 Customer Reviews    Rate Finvasia 4 Customer Reviews    Rate Nuvama Wealth
Fees Ratings 4.3 2.8
Trading Brokerage Rating 4.6 3.0
Trading Platform Usability 4.0 3.5
Customer Service Ratings 3.5 1.8
Overall Ratings 4.2 2.0
Broker Rating Finvasia is Rated 4.2 / 5 based on 17 customer reviews Nuvama Wealth is Rated 2.0 / 5 based on 4 customer reviews
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Investment Offerings

Compare Finvasia vs Nuvama Wealth on Investment Offerings

Compare Finvasia 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 Finvasia doesn't offer

Investment Offerings - Compare Finvasia with Nuvama Wealth
Investment Offerings Compare Finvasia Nuvama Wealth
Equity Cash and F&O Yes Yes
Currency Deravitives Yes Yes
Commodity Yes Yes
Online IPO Application Yes No
Mutual Funds Yes Yes
Bond / NCD Yes Yes
ETF Yes Yes
Banking No No
Insurance No 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 Finvasia vs Nuvama Wealth on Order Types

Order Type - Compare Finvasia 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) - Finvasia provide 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- Both broker doesn't support Good Till Cancelled (GTC) orders.

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

Compare Finvasia vs Nuvama Wealth on Customer Service

Compare Finvasia 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 Finvasia with Nuvama Wealth
Customer Service Compare Finvasia Nuvama Wealth
24/7 Customer Service Finvasia vs Nuvama Wealth - 24x7 customer support No No
Email Support Finvasia vs Nuvama Wealth - Email Support Yes Yes
Onine Live Chat Finvasia vs Nuvama Wealth - Onine Live Chat Yes No
Phone Support Finvasia vs Nuvama Wealth - Phone Support Yes Yes
Toll Free Number Finvasia vs Nuvama Wealth - Toll Free Number No Yes
Through Branches Finvasia vs Nuvama Wealth - Through Branches No Yes
Customer Care Number Finvasia vs Nuvama Wealth - Customer Care Number Support: +91 9779 097 777/Sales: +91 9098 001 001 1800 102 3335
Account Opening Process Finvasia vs Nuvama Wealth - Account Opening Process Online/Paperless Online/Paperless
Customer Support Email Finvasia vs Nuvama Wealth - Customer Support Email [email protected]/[email protected] [email protected]
Knowledge Center/Education Finvasia vs Nuvama Wealth - Knowledge Center/Education https://finvasia.com/announcements https://www.nuvamawealth.com/investology
Head Office Address Finvasia vs Nuvama Wealth - Head Office Address/Corporate Address Finvasia Securities Pvt Ltd
Plot #10,
Netsmatrz House (Level 3),
Rajiv Gandhi Chd. Tech Park,
Chandigarh -160101
Edelweiss House,
Off CST Road,
Kalina,
Mumbai - 400098
Website Finvasia vs Nuvama Wealth - Company Website https://www.finvasia.com/ https://www.nuvamawealth.com/
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Tips/Research/Reports Published

Compare Finvasia vs Nuvama Wealth on Research Reports, Tips

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

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

Compare Finvasia vs Nuvama Wealth on Demat Account

Compare Finvasia 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.

Both the brokers offer Free Demat AMC.

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 Finvasia is ₹9 + ₹5.50 (CDSL Charges) for every transaction 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 Finvasia with Nuvama Wealth
  Finvasia Nuvama Wealth
DP Source CDSL CDSL
DP ID Finvasia vs Nuvama Wealth - DP ID 84300 19100
Demat Account Annual Maintenance Charges(AMC) Free Free (₹1500 one time charges)
Advance Deposit Rs 0 NIL
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) ₹9 + ₹5.50 (CDSL Charges) for every transaction 0.02% of transaction value or ₹20 per transaction whichever is higher
Demat ₹15 per certificate ₹2 per certificate + ₹30 courier charges
Remat ₹15 for every hundred securities + CDSL Charges ₹10 for every hundred securities after that ₹10 per request + ₹30 request charges
Pledge Creation ₹25 per transaction 0.02% of transaction value (Min ₹50)
Pledge Creation Confirmation NIL Nil
Pledge Closure ₹25 per transaction 0.02% of transaction value (Min ₹50)
Pledge Closure Confirmation NIL Nil
Pledge Invocation ₹19 per transaction 0.02% of transaction value (Min ₹50)
Failed Instruction Charges ₹49 Nil
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare Finvasia vs Nuvama Wealth on Special Offers and Promotion

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

Compare Finvasia vs Nuvama Wealth on Special Offers and Promotion
  Finvasia Nuvama Wealth
Pay In and Pay Out Options Finvasia vs Nuvama Wealth - Pay In and Pay Out Options Pay-in with cheque, online bank transfer via IMPS, NEFT or RTGS, UPI, Netbanking / Payment Gateway from SCALPERT, NSET, NOW, Fox Trader, BEST Software.
Pay-out / Withdrawal Fund through 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 Finvasia vs Nuvama Wealth - Payout Time Up to 24 hrs except for bank holidays. Upto 24 Hrs except Bank Holidays.
Bank Supported and Charges Finvasia vs Nuvama Wealth - Bank Supported and Charges Around 20+ banks allow instant credit facility (payment gateway) with charges of Rs 9 + GST from Finvasia trading platforms. Info Not Available
Bank Detail FINVASIA SECURITIES PVT LTD,
Account Number:08730340000255
Bank and Branch: Plot no.28, Phase 1, Industrial Area, Chandigarh
Account Type: Current Account
IFSC Code:HDFC0000873
Nuvama Wealth,
Account Number:EBL1XXXXXXXXX
Bank and Branch: CitiBank, Mumbai
Account Type: Current Account
IFSC Code: CITI0100000
Likes

No-doubt, zero brokerage fees is the most crucial benefit available on trading with Finvasia. Check out the key pros or advantages of opening an account and trading with Finvasia as follows;

  • Zero account opening fees.
  • Commission or Brokerage-free trading across all segments.
  • Free and easy-to-use platforms; Shoonya web, app, and exe desktop software.
  • Free of cost Shoonya Developer API.
  • Start algo trading with HFT Algo.
  • Invest in IPO, bonds, and direct mutual funds.
  • Finvasia allows BTST (Buy Today, Sell Tomorrow) facility.
  • Place advanced orders like bracket order (BO), cover order (CO), and after market order (AMO).
  • GTT (Good Till Triggered order) is available across all segments with 1 year validity.
  • Zero call & trade charges.
  • No annual maintenance fee.
  • Zero hidden charges.
  • Lowest DP Charges.

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

Despite no brokerage charges levied, there are some concerns, cons, or disadvantages of trading with Finvasia, here are the points;

  • Does not provide margin funding.
  • You cannot open a 3-in-1 account with Finvasia.
  • Finvasia is an online discount broker and does not have any physical branches.
  • It does not provide intraday trading tips, investment ideas, and research
  • No dedicated relationship manager.

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 Free Account Opening+Free Demat AMC+Free Trading.
Enquiry Open Zerodha Account Now>> Open Nuvama Wealth Account Now>>

Last Updated on 2023-09-05T02:25:49+00:00