Compare 3 Brokers

HDFC Sky 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 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

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 HDFC Sky vs Nuvama Wealth on Service

	HDFC Sky	Nuvama Wealth
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type	Discount Broker	Discount Broker
Exchanges Supported	NSE, BSE, MCX	BSE, NSE, MCX, NCDEX
Active Clients	9,94,904	1,74,046
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...
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Account Opening Charges and AMC

Compare HDFC Sky vs Nuvama Wealth on Trading & Demat Account Opening Charges

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.

Trading & Demat Account Opening Charges - Compare HDFC Sky with Nuvama Wealth
Charges	HDFC Sky	Nuvama Wealth
Trading Account Opening Fees	Free	Free
Trading AMC	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

About Brokerage Plans

Compare HDFC Sky vs Nuvama Wealth on Plan Options

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.

Compare HDFC Sky with Nuvama Wealth on Plan Options
Plan Types	HDFC Sky	Nuvama Wealth
Multiple Plans
Monthly Plans
Yearly Plans

Account Opening Request

Account Opening

	Zerodha	Nuvama Wealth
Account Opening Request	Open Zerodha Account Now>>	Open Nuvama Wealth Account Now>>

Brokerage Charges

Compare HDFC Sky vs Nuvama Wealth on Brokerage Charges

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 with Nuvama Wealth
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%
Minimum Brokerage	NIL	NIL
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

Share Broker's Transaction Charges

Compare HDFC Sky vs Nuvama Wealth on Transaction Charges

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

Transaction Charges - Compare HDFC Sky with Nuvama Wealth
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

Account Features

Compare HDFC Sky vs Nuvama Wealth on Account Features

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 - HDFC Sky with Nuvama Wealth
Account Features Compare	HDFC Sky	Nuvama Wealth
3 in 1 Account
Charting
Algo Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding Available
Combined Ledger for Equity and Commodity
Intraday Square-off Time	3:15PM	3:15PM
NRI Trading
Other Features	NIL	NIL

Trading Platform

Compare HDFC Sky vs Nuvama Wealth on Trading Platform

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 with Nuvama Wealth
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 Site
Mobile Trading
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

Broker Ratings by Users

Compare HDFC Sky vs Nuvama Wealth on User Rating

	HDFC Sky	Nuvama Wealth
	97 Customer Reviews	3 Customer Reviews
Fees Ratings	2.4	2.7
Trading Brokerage Rating	2.1	3.3
Trading Platform Usability	2.9	3.7
Customer Service Ratings	2.8	2.0
Overall Ratings	2.4	2.3
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

Investment Offerings

Compare HDFC Sky vs Nuvama Wealth on Investment Offerings

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 with Nuvama Wealth
Investment Offerings Compare	HDFC Sky	Nuvama Wealth
Equity Cash and F&O
Currency Deravitives
Commodity
Online IPO Application
Mutual Funds
Bond / NCD
ETF
Banking
Insurance
Forex
MF SIP Investment
Equity SIP Investment
PMS Service
Other Investment Options	NIL	NIL

Order Types

Compare HDFC Sky vs Nuvama Wealth on Order Types

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 Types - Compare HDFC Sky with Nuvama Wealth
Order Type Compare	HDFC Sky	Nuvama Wealth
CNC order
MIS order
NRML order
Cover order
Bracket order
AMO-After Market Orders
GTC-Good Till Cancelled

Customer Service Offered

Compare HDFC Sky vs Nuvama Wealth on Customer Service

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 Support - Compare HDFC Sky with Nuvama Wealth
Customer Service Compare	HDFC Sky	Nuvama Wealth
24/7 Customer Service
Email Support
Onine Live Chat
Phone Support
Toll Free Number
Through Branches
Customer Care Number	1800 121 2109	1800 102 3335
Account Opening Process	Online	Online/Paperless
Customer Support Email	[email protected]	[email protected]
Knowledge Center/Education	https://hdfcsky.com/learn	https://www.nuvamawealth.com/investology
Head Office Address	LODHAI-I THINK TECHNO CAMPUS BLDG-ALPHA, 8 FLR, NEAR KANJURMARG RLYSTN, KANJURMARG, MUMBAI-MH-400042	Edelweiss House, Off CST Road, Kalina, Mumbai - 400098
Website	https://hdfcsky.com/	https://www.nuvamawealth.com/

Tips/Research/Reports Published

Compare HDFC Sky vs Nuvama Wealth on Research Reports, Tips

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

Research Reports - Compare HDFC Sky with Nuvama Wealth
	HDFC Sky	Nuvama Wealth
Research Mutual Funds
Research Equity Reports
Research ETF
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Demat Account

Compare HDFC Sky vs Nuvama Wealth on Demat Account

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

Demat Charges - Compare HDFC Sky with Nuvama Wealth
	HDFC Sky	Nuvama Wealth
DP Source	CDSL	CDSL
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
Statutory charges	Nil	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
Other Charges	Nil	Nil

Special Offers,Advantages,Disadvantages

Compare HDFC Sky vs Nuvama Wealth on Special Offers and Promotion

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

Compare HDFC Sky vs Nuvama Wealth on 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, Account Number:EBL1XXXXXXXXX Bank and Branch: CitiBank, Mumbai Account Type: Current Account IFSC Code: CITI0100000
Likes	Want to know why to trade with HDFC Sky, here are the promising reasons; Instant paperless account opening Zero account opening charges and no maintenance fee for 1^st year Invest in equity, F&O, currencies, and commodities Invest in 2000+ mutual funds from 29+ fund houses Lowest brokerage fee of Rs 20/order Zero commission mutual fund investment. Invest in expert-recommended mutual fund schemes. Global market investment in US stocks and ETFs Stacks: Expert-curated basket of US Stocks and ETFs Trade on HDFC Sky app or web as per your convenience Place advance orders like basket orders, bracket order, cover order, and GTT order. Free research reports and daily trading calls or tips. Learning platform for newbies to experts No minimum balance commitments No hidden charges Detail Review...	Trade and invest on BSE, NSE, and MCX. 10 per order flat brokerage trading. Trade at either a flat brokerage fee (Lite) or %-based brokerage plan (Elite). Add-on services with Elite plan; free call & trade, free RM, etc. Free mobile app, web, and desktop trading terminal. Get Nuvama API connect for free. (Limited time offer) Get free expert research, advisory, and trading tips. Investology, is a stock market learning platform for beginners to experts. Margin trading facility. Offline branch-based customer support is available. Detail Review...
Dislikes	Delivery trading is not free while Zerodha offers free delivery trading Desktop trading software is not available Direct mutual funds are not offered. Detail Review...	It does not provide a 3-in-1 account opening facility. NRIs cannot open Nuvama Demat and Trading Account. Call & trade, and research services are not free for the Lite brokerage plan subscribers. Detail Review...
Special Offers/Promo
Enquiry	Open Zerodha Account Now>>	Open Nuvama Wealth Account Now>>

Last Updated on 2023-11-09T03:39:28+00:00