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IDBI Direct Vs Nuvama Wealth: Which one is better?

Both the brokers are registered with SEBI. IDBI Direct offers investmenet in Equity, F&O and Currency only, where Nuvama Wealth offers investment in Equity, F&O, Currency and Commodities.. The brokerage of IDBI Direct Max 0.02% to 0.20% per trade while the brokerage of Nuvama Wealth ranges between Rs 10. IDBI Direct 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 1,74,917 where number of active customer for IDBI Direct is 55,635. Nuvama Wealth is serving more customer compare to IDBI Direct.

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

  IDBI Direct Compare
IDBI Direct
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 BSE, NSE, MCX, NCDEX
Active Clients 55,635 1,74,917
Broker Overview Open an integrated 3-in-1 trading account with IDBI Direct to trade in a hassle-free manner. Multiple platforms for trading across devices, stock trading tips, ideas and research reports, NRI trading, and advisory services are the reasons to choose I... Know more about IDBI Direct 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 IDBI Direct vs Nuvama Wealth on Trading & Demat Account Opening Charges

Comparison of IDBI Direct 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 - IDBI Direct charges Rs 350 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 IDBI Direct with Nuvama Wealth
Charges IDBI Direct Nuvama Wealth
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 350 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 IDBI Direct vs Nuvama Wealth on Plan Options

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

Compare IDBI Direct with Nuvama Wealth on Plan Options
Plan Types IDBI Direct 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 IDBI Direct vs Nuvama Wealth on Brokerage Charges

IDBI Direct Brokerage Plan detail - IDBI Direct Brokerage Plan

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 IDBI Direct with Nuvama Wealth
Brokerage Charges Compare IDBI Direct Nuvama Wealth
Plan Name Flat Brokerage PLan Nuvama Lite
Equity Delivery 0.20% Flat Rs. 10 per executed order
Equity Intraday 0.02% Flat Rs. 10 per executed order
Equity Futures Flat Rs 15 per order Flat Rs. 10 per executed order
Equity Options Flat Rs 15 per order Flat Rs. 10 per executed order
Currency Futures Flat Rs 15 per order Flat Rs. 10 per executed order
Currency Options Flat Rs 15 per order Flat Rs. 10 per executed order
Commodity Trading NA 0.01%
Minimum Brokerage Rs 25 per trade or 2.5% of the trade value whichever is lower. 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 IDBI Direct Brokerage Calculator for Nuvama Wealth
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Share Broker's Transaction Charges

Compare IDBI Direct vs Nuvama Wealth on Transaction Charges

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

Transaction Charges - Compare IDBI Direct with Nuvama Wealth
Transaction Charges Compare IDBI Direct 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 idbicapital Complete Brokerage Plans for nuvama-wealth
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Account Features

Compare IDBI Direct vs Nuvama Wealth on Account Features

Compare IDBI Direct with Nuvama Wealth on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - IDBI Direct 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 IDBI Direct 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 - IDBI Direct with Nuvama Wealth
Account Features Compare IDBI Direct Nuvama Wealth
3 in 1 Account Yes, IDBI Direct have 3-in-1 accounts. Bank Account, Demat and Trading account. No IDBI Direct 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 Yes Yes
Combined Ledger for Equity and Commodity No No
Intraday Square-off Time 3:15PM 3:15PM
NRI Trading Yes Yes
Other Features NIL NIL
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Trading Platform

Compare IDBI Direct vs Nuvama Wealth on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w IDBI Direct 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 IDBI Direct with Nuvama Wealth
Trading Platform Compare IDBI Direct Nuvama Wealth
Desktop Trading Platform Infinity 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.idbicapital.com/ https://tlounge.edelweiss.in/Login
Web Trading Demo Info Not Available Info Not Available
Mobile Site No Yes
Mobile Trading Yes Yes
Mobile Trading App IDBI Direct Mobile App Nuvama Mobile Trader
Mobile Trading App Demo Info Not Available Nuvama Mobile Trader Demo
Android Mobile App Yes Yes
Android App Download Andriod IDBI Direct Mobile App Download Andriod Nuvama Mobile Trader Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS IDBI Direct Mobile App 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 IDBI Direct Equity Intraday and Delivery Brokerage Calculator for Nuvama Wealth
Futures Brokerage Calculator Futures Brokerage Calculator for IDBI Direct Futures Brokerage Calculator for Nuvama Wealth
Options Brokerage Calculator Options Brokerage Calculator for IDBI Direct Options Brokerage Calculator for Nuvama Wealth
Detail Detail on Trading Platforms for idbicapital Detail on Trading Platforms for nuvama-wealth

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Broker Ratings by Users

Compare IDBI Direct vs Nuvama Wealth on User Rating

  IDBI Direct Nuvama Wealth
  31 Customer Reviews    Rate IDBI Direct 4 Customer Reviews    Rate Nuvama Wealth
Fees Ratings 3.0 2.8
Trading Brokerage Rating 2.5 3.0
Trading Platform Usability 2.6 3.5
Customer Service Ratings 2.7 1.8
Overall Ratings 2.7 2.0
Broker Rating IDBI Direct is Rated 2.7 / 5 based on 31 customer reviews Nuvama Wealth is Rated 2.0 / 5 based on 4 customer reviews
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Investment Offerings

Compare IDBI Direct vs Nuvama Wealth on Investment Offerings

Compare IDBI Direct 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 - Nuvama Wealth offers trading options in Commodity (MCX) where IDBI Direct doesn't offer. Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - Nuvama Wealth provides PMS Service where IDBI Direct doesn't offer

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

Compare IDBI Direct vs Nuvama Wealth on Order Types

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

Order Types - Compare IDBI Direct with Nuvama Wealth
Order Type Compare IDBI Direct 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 Yes No
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Customer Service Offered

Compare IDBI Direct vs Nuvama Wealth on Customer Service

Compare IDBI Direct 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 IDBI Direct with Nuvama Wealth
Customer Service Compare IDBI Direct Nuvama Wealth
24/7 Customer Service IDBI Direct vs Nuvama Wealth - 24x7 customer support No No
Email Support IDBI Direct vs Nuvama Wealth - Email Support Yes Yes
Onine Live Chat IDBI Direct vs Nuvama Wealth - Onine Live Chat No No
Phone Support IDBI Direct vs Nuvama Wealth - Phone Support Yes Yes
Toll Free Number IDBI Direct vs Nuvama Wealth - Toll Free Number Yes Yes
Through Branches IDBI Direct vs Nuvama Wealth - Through Branches Yes Yes
Customer Care Number IDBI Direct vs Nuvama Wealth - Customer Care Number 022-3913 5001 1800 102 3335
Account Opening Process IDBI Direct vs Nuvama Wealth - Account Opening Process Info Not Available Online/Paperless
Customer Support Email IDBI Direct vs Nuvama Wealth - Customer Support Email [email protected] [email protected]
Knowledge Center/Education IDBI Direct vs Nuvama Wealth - Knowledge Center/Education Info Not Available https://www.nuvamawealth.com/investology
Head Office Address IDBI Direct vs Nuvama Wealth - Head Office Address/Corporate Address Info Not Available Edelweiss House,
Off CST Road,
Kalina,
Mumbai - 400098
Website IDBI Direct vs Nuvama Wealth - Company Website https://www.idbidirect.in/ https://www.nuvamawealth.com/
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Tips/Research/Reports Published

Compare IDBI Direct vs Nuvama Wealth on Research Reports, Tips

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

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

Compare IDBI Direct vs Nuvama Wealth on Demat Account

Compare IDBI Direct 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 IDBI Direct is ₹350 pa. Nuvama Wealth is a better choice in terms of Demat AMC compare to IDBI Direct.

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 IDBI Direct is 0.04% of transaction value or ₹30 whichever is higher + 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 IDBI Direct with Nuvama Wealth
  IDBI Direct Nuvama Wealth
DP Source CDSL CDSL
DP ID IDBI Direct vs Nuvama Wealth - DP ID No 19100
Demat Account Annual Maintenance Charges(AMC) ₹350 pa Free (₹1500 one time charges)
Advance Deposit NO NIL
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.04% of transaction value or ₹30 whichever is higher + CDSL charges 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 for every hundred securities or ₹20 per certificate (whichever is higher) + ₹25 courier charges ₹10 for every hundred securities after that ₹10 per request + ₹30 request charges
Pledge Creation 0.05% of transaction value or ₹50 whichever is higher 0.02% of transaction value (Min ₹50)
Pledge Creation Confirmation Nil Nil
Pledge Closure 0.0002% of transaction value or ₹25 whichever is higher 0.02% of transaction value (Min ₹50)
Pledge Closure Confirmation 0.0002% of transaction value or ₹25 whichever is higher Nil
Pledge Invocation 0.0015% of transaction value or ₹25 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 IDBI Direct vs Nuvama Wealth on Special Offers and Promotion

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

Compare IDBI Direct vs Nuvama Wealth on Special Offers and Promotion
  IDBI Direct Nuvama Wealth
Pay In and Pay Out Options IDBI Direct 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 IDBI Direct vs Nuvama Wealth - Payout Time Info Not Available Upto 24 Hrs except Bank Holidays.
Bank Supported and Charges IDBI Direct 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
  • 3-in-1 account opening.
  • Zero brokerage for the first 3 months.
  • Zero AMC for the first year.
  • Competitive brokerage
  • Paperless investment in mutual funds.
  • Equity SIP facility in shares (Amount based SIP and quantity-based SIP).
  • Leverage/margin trading with E-margin.
  • Encash – BSE feature to instantly get sale proceeds.
  • Dealer-assisted trading and free call & trade
  • Place aftermarket order, bracket order, and cover order.
  • Place Good Till Date (GTD)
  • Buy today Sell Tomorrow (BTST)

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
  • Does not offer commodity trading.
  • The user interface of the trading platforms can be improved.
  • Customer service needs a lot of improvement.

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 2023-08-21T03:25:00+00:00