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Nuvama Wealth Vs Marwadi Group: Which one is better?

Both the brokers are registered with SEBI and offers investment in Equity, F&O, Currency and Commodities. The brokerage of Nuvama Wealth Max Rs 10 per trade while the brokerage of Marwadi Group ranges between 0.06% to 0.30%. Nuvama Wealth is a Discount Broker where Marwadi Group is a Full Service Broker. Overall rating for both the brokers are equal with rating 3.5 out of 5. Number of active customer for Nuvama Wealth is 1,72,812 where number of active customer for Marwadi Group is 1,23,370. Nuvama Wealth is serving more customer compare to Marwadi Group.

Here we present side-by-side comparison of Nuvama Wealth vs Marwadi Group share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared Nuvama Wealth vs Marwadi Group'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 Nuvama Wealth vs Marwadi Group share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared Nuvama Wealth vs Marwadi Group'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 Nuvama Wealth vs Marwadi Group on Service

  Nuvama Wealth Compare
Nuvama Wealth
Marwadi Group Compare
Marwadi Group
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Discount Broker Full Service Broker
Exchanges Supported What is this parameter? BSE, NSE, MCX, NCDEX BSE, NSE, MCX, NCDEX
Active Clients 1,72,812 1,23,370
Broker Overview 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 Open a free demat & trading account with Marwadi Financial to trade and invest across multiple asset classes on the user-friendly web, app, and desktop platforms, access free research & advisory, and portfolio management services.
Broker Enquiry Request call back from Nuvama Wealth Request call back from Zerodha
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Account Opening Charges and AMC

Compare Nuvama Wealth vs Marwadi Group on Trading & Demat Account Opening Charges

Comparison of Nuvama Wealth with Marwadi Group on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - Nuvama Wealth charges Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year] AMC for Demat account where Marwadi Group charges Rs 250 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Nuvama Wealth with Marwadi Group
Charges Nuvama Wealth Marwadi Group
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year] Rs 250 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Nuvama Wealth vs Marwadi Group on Plan Options

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

Compare Nuvama Wealth with Marwadi Group on Plan Options
Plan Types Nuvama Wealth Marwadi Group
Multiple Plans Yes No
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Nuvama Wealth Zerodha
Account Opening Request
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Brokerage Charges

Compare Nuvama Wealth vs Marwadi Group on Brokerage Charges

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.

Marwadi Group Brokerage Plan detail - This is a standard plan by the Marwadi Group. This is a percentage-based brokerage plan.

Brokerage Charges - Compare Nuvama Wealth with Marwadi Group
Brokerage Charges Compare Nuvama Wealth Marwadi Group
Plan Name Nuvama Lite Basic Trading Plan (Percentage Based)
Equity Delivery Flat Rs. 10 per executed order 0.30%
Equity Intraday Flat Rs. 10 per executed order 0.06%
Equity Futures Flat Rs. 10 per executed order 0.02%
Equity Options Flat Rs. 10 per executed order Rs 100 Per Lot
Currency Futures Flat Rs. 10 per executed order 0.02%
Currency Options Flat Rs. 10 per executed order Rs 100 Per Lot
Commodity Trading 0.01% Rs 100 Per Lot
Minimum Brokerage NIL NIL
Hidden Charges Info Not Available Info Not Available
Funding Yes - 24% interest PA Info Not Available
Call & Trade Charges Rs 20 per call NA
Auto Square off Charges Rs 20 NA
Brokerage Calculator Brokerage Calculator for Nuvama Wealth Brokerage Calculator for Marwadi Group
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Share Broker's Transaction Charges

Compare Nuvama Wealth vs Marwadi Group on Transaction Charges

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

Transaction Charges - Compare Nuvama Wealth with Marwadi Group
Transaction Charges Compare Nuvama Wealth Marwadi Group
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 nuvama-wealth Complete Brokerage Plans for marwadi-group
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Account Features

Compare Nuvama Wealth vs Marwadi Group on Account Features

Compare Nuvama Wealth with Marwadi Group 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 - Nuvama Wealth offers NRI where Marwadi Group doesn't offers NRI Trading.

Account Features - Nuvama Wealth with Marwadi Group
Account Features Compare Nuvama Wealth Marwadi Group
3 in 1 Account No Nuvama Wealth have 2-in-1 account. Only Demate and Trading account. No Nuvama Wealth 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 No No
Intraday Square-off Time 3:15PM 3:15PM
NRI Trading Yes No
Other Features NIL NIL
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Trading Platform

Compare Nuvama Wealth vs Marwadi Group on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Nuvama Wealth and Marwadi Group. 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 Nuvama Wealth with Marwadi Group
Trading Platform Compare Nuvama Wealth Marwadi Group
Desktop Trading Platform Xtreme Trader Marwadi ODIN Diet
Desktop Demo Desktop Demo Info Not Available
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://tlounge.edelweiss.in/Login https://mtrade.marwadionline.com/html5/
Web Trading Demo Info Not Available Info Not Available
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App Nuvama Mobile Trader MSFL Connect
Mobile Trading App Demo Nuvama Mobile Trader Demo Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod Nuvama Mobile Trader Download Andriod MSFL Connect Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS Nuvama Mobile Trader Download iOS MSFL Connect Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
Trading Software Charges Free Info Not Available
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Nuvama Wealth Equity Intraday and Delivery Brokerage Calculator for Marwadi Group
Futures Brokerage Calculator Futures Brokerage Calculator for Nuvama Wealth Futures Brokerage Calculator for Marwadi Group
Options Brokerage Calculator Options Brokerage Calculator for Nuvama Wealth Options Brokerage Calculator for Marwadi Group
Detail Detail on Trading Platforms for nuvama-wealth Detail on Trading Platforms for marwadi-group

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Broker Ratings by Users

Compare Nuvama Wealth vs Marwadi Group on User Rating

  Nuvama Wealth Marwadi Group
  4 Customer Reviews    Rate Nuvama Wealth 3 Customer Reviews    Rate Marwadi Group
Fees Ratings 2.8 2.7
Trading Brokerage Rating 3.0 2.3
Trading Platform Usability 3.5 2.0
Customer Service Ratings 1.8 2.3
Overall Ratings 2.0 2.7
Broker Rating Nuvama Wealth is Rated 2.0 / 5 based on 4 customer reviews Marwadi Group is Rated 2.7 / 5 based on 3 customer reviews
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Investment Offerings

Compare Nuvama Wealth vs Marwadi Group on Investment Offerings

Compare Nuvama Wealth with Marwadi Group 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 provide PMS Service where Marwadi Group doesn't offer

Investment Offerings - Compare Nuvama Wealth with Marwadi Group
Investment Offerings Compare Nuvama Wealth Marwadi Group
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 No
PMS Service Yes No
Other Investment Options NIL Life & General Insurance
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Order Types

Compare Nuvama Wealth vs Marwadi Group on Order Types

Order Type - Compare Nuvama Wealth with Marwadi Group 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 provide Cover Orders (CO) where Marwadi Group 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 Nuvama Wealth with Marwadi Group
Order Type Compare Nuvama Wealth Marwadi Group
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes No
Bracket order No No
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled No No
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Customer Service Offered

Compare Nuvama Wealth vs Marwadi Group on Customer Service

Compare Nuvama Wealth with Marwadi Group 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 Nuvama Wealth with Marwadi Group
Customer Service Compare Nuvama Wealth Marwadi Group
24/7 Customer Service Nuvama Wealth vs Marwadi Group - 24x7 customer support No No
Email Support Nuvama Wealth vs Marwadi Group - Email Support Yes Yes
Onine Live Chat Nuvama Wealth vs Marwadi Group - Onine Live Chat No No
Phone Support Nuvama Wealth vs Marwadi Group - Phone Support Yes Yes
Toll Free Number Nuvama Wealth vs Marwadi Group - Toll Free Number Yes No
Through Branches Nuvama Wealth vs Marwadi Group - Through Branches Yes Yes
Customer Care Number Nuvama Wealth vs Marwadi Group - Customer Care Number 1800 102 3335 +91-281-6192000/+91-281-7174000
Account Opening Process Nuvama Wealth vs Marwadi Group - Account Opening Process Online/Paperless Info Not Available
Customer Support Email Nuvama Wealth vs Marwadi Group - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Nuvama Wealth vs Marwadi Group - Knowledge Center/Education https://www.nuvamawealth.com/investology https://www.marwadionline.com/blog/
Head Office Address Nuvama Wealth vs Marwadi Group - Head Office Address/Corporate Address Edelweiss House,
Off CST Road,
Kalina,
Mumbai - 400098
Info Not Available
Website Nuvama Wealth vs Marwadi Group - Company Website https://www.nuvamawealth.com/ https://www.marwadionline.com/
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Tips/Research/Reports Published

Compare Nuvama Wealth vs Marwadi Group on Research Reports, Tips

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

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

Compare Nuvama Wealth vs Marwadi Group on Demat Account

Compare Nuvama Wealth with Marwadi Group 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 Marwadi Group is ₹250 pa. Nuvama Wealth is a better choice in terms of Demat AMC compare to Marwadi Group.

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 Nuvama Wealth is 0.02% of transaction value or ₹20 per transaction whichever is higher where for Marwadi Group is ₹25.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 Nuvama Wealth with Marwadi Group
  Nuvama Wealth Marwadi Group
DP Source CDSL CDSL
DP ID Nuvama Wealth vs Marwadi Group - DP ID 19100 No
Demat Account Annual Maintenance Charges(AMC) Free (₹1500 one time charges) ₹250 pa
Advance Deposit NIL NA-NA-NA-NA-NA-NA-NA-2250#-3600#-NA-NA-NA-2250#-2250#-NA-NA
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.02% of transaction value or ₹20 per transaction whichever is higher ₹25
Demat ₹2 per certificate + ₹30 courier charges ₹3 per certificate
Remat ₹10 for every hundred securities after that ₹10 per request + ₹30 request charges ₹25 per certificate
Pledge Creation 0.02% of transaction value (Min ₹50) ₹50
Pledge Creation Confirmation Nil Nil
Pledge Closure 0.02% of transaction value (Min ₹50) ₹20
Pledge Closure Confirmation Nil Nil
Pledge Invocation 0.02% of transaction value (Min ₹50) ₹25
Failed Instruction Charges Nil ₹15
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare Nuvama Wealth vs Marwadi Group on Special Offers and Promotion

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

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

  • Trade on BSE, NSE, and MCX.
  • Zero account opening fees.
  • Invest in IPO, mutual funds, insurance, and smartcase portfolios.
  • User-friendly trading platforms.
  • Get best-in-class in-depth research insights for all segments.
  • Margin trading facility.

Detail Review...

Dislikes
  • 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...

  • Non-transparent brokerage charges.
  • Minimum brokerage fee of Rs 20 to Rs 25 per trade, when the trade value is low.
  • Major presence in the Gujarat state only.

Detail Review...

Special Offers/Promo
Enquiry Open Nuvama Wealth Account Now>> Open Zerodha Account Now>>

Last Updated on 2024-01-15T22:01:18+00:00