Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities. The brokerage of HDFC Sky Max Rs 20 per trade while the brokerage of Nuvama Wealth Max Rs 10 per trade. Both the brokers are Discount Brokers. HDFC Sky is having overall higher rating compare to Nuvama Wealth. HDFC Sky is rated 4 out of 5 where Nuvama Wealth is rated only 3.5 out of 5. Number of active customer for HDFC Sky is 9,94,904 where number of active customer for Nuvama Wealth is 1,74,046. HDFC Sky is serving more customer compare to Nuvama Wealth.
Here we present side-by-side comparison of HDFC Sky 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 HDFC Sky 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 HDFC Sky 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 HDFC Sky vs Nuvama Wealth'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||Discount Broker||Discount Broker|
|Exchanges Supported||NSE, BSE, MCX||BSE, NSE, MCX, NCDEX|
|Broker Overview||HDFC Sky is the only bank-based discount stock broker in India. Free demat and trading account opening, Rs 20/order maximum brokerage charges across all segments, simple yet elegant user interface enabled HDFC Sky mobile app, and free research & advi...||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 HDFC Sky 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 - HDFC Sky charges Rs 240 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.
|Charges||HDFC Sky||Nuvama Wealth|
|Trading Account Opening Fees||Free||Free|
|Demat Account Opening Fees||Free||Free|
|Demat AMC||Rs 240 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 HDFC Sky with Nuvama Wealth. This section compare on high level about type of plans offered by brokers. Multiple Plans - Nuvama Wealth provides Multiple Plans where HDFC Sky doesn't offer. Monthly Plans - Both the brokers don't have Monthly Plans.
|Plan Types||HDFC Sky||Nuvama Wealth|
|Account Opening Request|
HDFC Sky Brokerage Plan detail - HDFC Sky follows a fixed pricing model that charges a maximum of Rs 20 per order brokerage fee across 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||HDFC Sky||Nuvama Wealth|
|Plan Name||Fixed pricing model||Nuvama Lite|
|Equity Delivery||0.1% or Rs 20 whichever is lower||Flat Rs. 10 per executed order|
|Equity Intraday||0.1% or Rs 20 whichever is lower||Flat Rs. 10 per executed order|
|Equity Futures||0.1% or Rs 20 whichever is lower||Flat Rs. 10 per executed order|
|Equity Options||Flat Fee Rs 20||Flat Rs. 10 per executed order|
|Currency Futures||0.1% or Rs 20 whichever is lower||Flat Rs. 10 per executed order|
|Currency Options||Flat Fee Rs 20||Flat Rs. 10 per executed order|
|Commodity Trading||Flat Fee Rs 20||0.01%|
|Hidden Charges||No||Info Not Available|
|Funding||Yes - 12% interest PA||Yes - 24% interest PA|
|Call & Trade Charges||Rs 20 per call||Rs 20 per call|
|Auto Square off Charges||0.1% or Rs 20 whichever is lower||Rs 20|
|Brokerage Calculator||Brokerage Calculator for HDFC Sky||Brokerage Calculator for Nuvama Wealth|
Compare HDFC Sky with Nuvama Wealth on transaction charges and PCM fee by segment.
|Transaction Charges Compare||HDFC Sky||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||NA||Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr|
|Brokerage Charges||Complete Brokerage Plans for hdfc-sky||Complete Brokerage Plans for nuvama-wealth|
Compare HDFC Sky with Nuvama Wealth on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - HDFC Sky offers 3-in-1 account where Nuvama Wealth offers only 2-in-1 account which includes trading and demat account. Algo Trading - Nuvama Wealth offers Algo Trading where HDFC Sky 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||HDFC Sky||Nuvama Wealth|
|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 HDFC Sky 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||HDFC Sky||Nuvama Wealth|
|Desktop Trading Platform||HDFC Sky||Xtreme Trader|
|Desktop Demo||Desktop Demo||Desktop Demo|
|Desktop Platform (Windows)|
|Desktop Platform (Mac)|
|Web Trading Platform|
|Web Trading Detail||https://hdfcsky.com/||https://tlounge.edelweiss.in/Login|
|Web Trading Demo||Web Trading Demo||Info Not Available|
|Mobile Trading App||HDFC Sky App||Nuvama Mobile Trader|
|Mobile Trading App Demo||HDFC Sky App Demo||Nuvama Mobile Trader Demo|
|Android Mobile App|
|Android App Download||Andriod HDFC Sky App Download||Andriod Nuvama Mobile Trader Download|
|iPhone Mobile App (IOS)|
|iOS App Download||iOS HDFC Sky App 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 HDFC Sky||Equity Intraday and Delivery Brokerage Calculator for Nuvama Wealth|
|Futures Brokerage Calculator||Futures Brokerage Calculator for HDFC Sky||Futures Brokerage Calculator for Nuvama Wealth|
|Options Brokerage Calculator||Options Brokerage Calculator for HDFC Sky||Options Brokerage Calculator for Nuvama Wealth|
|Detail||Detail on Trading Platforms for hdfc-sky||Detail on Trading Platforms for nuvama-wealth|
|HDFC Sky||Nuvama Wealth|
|97 Customer Reviews||3 Customer Reviews|
|Trading Brokerage Rating||2.1||3.3|
|Trading Platform Usability||2.9||3.7|
|Customer Service Ratings||2.8||2.0|
|Broker Rating||HDFC Sky is Rated 2.4 / 5 based on 97 customer reviews||Nuvama Wealth is Rated 2.3 / 5 based on 3 customer reviews|
Compare HDFC Sky 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 HDFC Sky doesn't offer
|Investment Offerings Compare||HDFC Sky||Nuvama Wealth|
|Equity Cash and F&O|
|Online IPO Application|
|Bond / NCD|
|MF SIP Investment|
|Equity SIP Investment|
|Other Investment Options||NIL||NIL|
Order Type - Compare HDFC Sky 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) - HDFC Sky 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)- Nuvama Wealth offers After market orders where HDFC Sky doesn't offers AMO. GTC Orders- HDFC Sky offers Good Till Cancelled (GTC) orders where Nuvama Wealth doesn't support Good Till Cancelled (GTC) orders.
|Order Type Compare||HDFC Sky||Nuvama Wealth|
|AMO-After Market Orders|
|GTC-Good Till Cancelled|
Compare HDFC Sky 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 Service Compare||HDFC Sky||Nuvama Wealth|
|24/7 Customer Service|
|Onine Live Chat|
|Toll Free Number|
|Customer Care Number||1800 121 2109||1800 102 3335|
|Account Opening Process||Online||Online/Paperless|
|Customer Support Email||[email protected]||[email protected]|
|Head Office Address||LODHAI-I THINK TECHNO CAMPUS BLDG-ALPHA,
8 FLR, NEAR KANJURMARG RLYSTN,
Off CST Road,
Mumbai - 400098
Compare HDFC Sky with Nuvama Wealth on research reports and tips provided by the broker.
Compare HDFC Sky 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 HDFC Sky is ₹750 pa. Nuvama Wealth is a better choice in terms of Demat AMC compare to HDFC Sky.
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 HDFC Sky is 0.04% (Min ₹20) + 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
|HDFC Sky||Nuvama Wealth|
|DP ID||CDSL: 1209||19100|
|Demat Account Annual Maintenance Charges(AMC)||₹750 pa||Free (₹1500 one time charges)|
|Advance Deposit||Customer having only Depository relationship with the Bank has to pay an advance fee of Rs.7,500/-||NIL|
|Transaction Charges on Debit (Per ISIN)||0.04% (Min ₹20) + CDSL charges||0.02% of transaction value or ₹20 per transaction whichever is higher|
|Demat||₹5 per certificate + ₹35 request charges||₹2 per certificate + ₹30 courier charges|
|Remat||₹30||₹10 for every hundred securities after that ₹10 per request + ₹30 request charges|
|Pledge Creation||Nil||0.02% of transaction value (Min ₹50)|
|Pledge Creation Confirmation||0.04% of transaction value (Min ₹40)||Nil|
|Pledge Closure||Nil||0.02% of transaction value (Min ₹50)|
|Pledge Closure Confirmation||0.04% of transaction value (Min ₹40)||Nil|
|Pledge Invocation||0.04% of transaction value (Min ₹40)||0.02% of transaction value (Min ₹50)|
|Failed Instruction Charges||Nil||Nil|
Compare HDFC Sky with Nuvama Wealth on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.
|HDFC Sky||Nuvama Wealth|
|Pay In and Pay Out Options||Pay-in/adding funds - Cheque, Online Bank Transfer from HDFC Bank.
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||Instant to HDFC Bank.||Upto 24 Hrs except Bank Holidays.|
|Bank Supported and Charges||Info Not Available||Info Not Available|
|Bank Detail||Direct from your HDFC bank account.||Nuvama Wealth,
Bank and Branch: CitiBank, Mumbai
Account Type: Current Account
IFSC Code: CITI0100000
Want to know why to trade with HDFC Sky, here are the promising reasons;
|Enquiry||Open Zerodha Account Now>>||Open Nuvama Wealth Account Now>>|
Last Updated on 2023-11-09T03:39:28+00:00