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Reliance Securities Vs Nuvama Wealth: Which one is better?

Both the brokers are registered with SEBI. Reliance Securities offers investmenet in Equity, F&O and Currency only, where Nuvama Wealth offers investment in Equity, F&O, Currency and Commodities.. The brokerage of Reliance Securities Max 0.05 - 0.50% per trade while the brokerage of Nuvama Wealth ranges between Rs 10. Reliance Securities 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 1,72,812 where number of active customer for Reliance Securities is 74,804. Nuvama Wealth is serving more customer compare to Reliance Securities.

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

  Reliance Securities Compare
Reliance Securities
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 74,804 1,72,812
Broker Overview Open a Free Reliance Securities Demat Account today, and start online trading across segments on the advanced Robo insights technology powered Tick web, mobile app, and a desktop trading platform. Get the best stocks & mutual fund research & ... Know more about Reliance Securities 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 Reliance Securities vs Nuvama Wealth on Trading & Demat Account Opening Charges

Comparison of Reliance Securities with Nuvama Wealth on trading & demat account opening charges and AMC. Trading account opening charges - Nuvama Wealth offer Free account opening where Reliance Securities charges Rs 950 for account opening. Demat AMC charges - Reliance Securities charges Rs 400 PA| Rs. 2,500 (Lifetime Free AMC) 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 Reliance Securities with Nuvama Wealth
Charges Reliance Securities Nuvama Wealth
Trading Account Opening Fees Rs 950 Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 400 PA| Rs. 2,500 (Lifetime Free AMC) Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year]
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Reliance Securities vs Nuvama Wealth on Plan Options

Plans are the most important feature you look when compare Reliance Securities with Nuvama Wealth. This section compare on high level about type of plans offered by brokers. Multiple Plans - Both the brokers provides Multiple Plans. You have option to select plan as per your trading streategy.. Monthly Plans - Both the brokers don't have Monthly Plans.

Compare Reliance Securities with Nuvama Wealth on Plan Options
Plan Types Reliance Securities Nuvama Wealth
Multiple Plans Yes 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 Reliance Securities vs Nuvama Wealth on Brokerage Charges

Reliance Securities Brokerage Plan detail - R-Fixed brokerage plan charges a fixed percentage of brokerage fee on trading across segments and also provides dedicated relationship manager services to help you take informed decisions based on fundamental and technical research reports.

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 Reliance Securities with Nuvama Wealth
Brokerage Charges Compare Reliance Securities Nuvama Wealth
Plan Name R-FIXED Online Brokerage Plan (Percentage Based) Nuvama Lite
Equity Delivery 0.50% Flat Rs. 10 per executed order
Equity Intraday 0.05% Flat Rs. 10 per executed order
Equity Futures 0.05% Flat Rs. 10 per executed order
Equity Options Rs 100 Per Lot Flat Rs. 10 per executed order
Currency Futures 0.05% Flat Rs. 10 per executed order
Currency Options Rs 100 Per Lot Flat Rs. 10 per executed order
Commodity Trading Future: 0.05%| Options: Rs 100 per lot 0.01%
Minimum Brokerage 5 paise per share NIL
Hidden Charges No Info Not Available
Funding Yes - 18% interest PA Yes - 24% interest PA
Call & Trade Charges Rs 20 per call (Free First 20 call per month) Rs 20 per call
Auto Square off Charges Free First 20 call PM and Rs 20 their onwards. Rs 20
Brokerage Calculator Brokerage Calculator for Reliance Securities Brokerage Calculator for Nuvama Wealth
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Share Broker's Transaction Charges

Compare Reliance Securities vs Nuvama Wealth on Transaction Charges

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

Transaction Charges - Compare Reliance Securities with Nuvama Wealth
Transaction Charges Compare Reliance Securities 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 reliance-securities Complete Brokerage Plans for nuvama-wealth
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Account Features

Compare Reliance Securities vs Nuvama Wealth on Account Features

Compare Reliance Securities 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 - Nuvama Wealth offers Algo Trading where Reliance Securities 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 - Reliance Securities with Nuvama Wealth
Account Features Compare Reliance Securities Nuvama Wealth
3 in 1 Account No Reliance Securities have 2-in-1 account. Only Demate and Trading account. No Reliance Securities 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 Yes No
Intraday Square-off Time 3:15PM 3:15PM
NRI Trading Yes Yes
Other Features Mobile Application: Rmobile Xpress NIL
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Trading Platform

Compare Reliance Securities vs Nuvama Wealth on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Reliance Securities 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 Reliance Securities with Nuvama Wealth
Trading Platform Compare Reliance Securities Nuvama Wealth
Desktop Trading Platform InstaXpress Xtreme Trader
Desktop Demo Desktop Demo Desktop Demo
Desktop Platform (Windows) Yes Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail http://tick.rsec.co.in/ https://tlounge.edelweiss.in/Login
Web Trading Demo Web Trading Demo Info Not Available
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App TICK PRO Nuvama Mobile Trader
Mobile Trading App Demo TICK PRO Demo Nuvama Mobile Trader Demo
Android Mobile App Yes Yes
Android App Download Andriod TICK PRO Download Andriod Nuvama Mobile Trader Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS TICK PRO 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 Reliance Securities Equity Intraday and Delivery Brokerage Calculator for Nuvama Wealth
Futures Brokerage Calculator Futures Brokerage Calculator for Reliance Securities Futures Brokerage Calculator for Nuvama Wealth
Options Brokerage Calculator Options Brokerage Calculator for Reliance Securities Options Brokerage Calculator for Nuvama Wealth
Detail Detail on Trading Platforms for reliance-securities Detail on Trading Platforms for nuvama-wealth

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Broker Ratings by Users

Compare Reliance Securities vs Nuvama Wealth on User Rating

  Reliance Securities Nuvama Wealth
  52 Customer Reviews    Rate Reliance Securities 4 Customer Reviews    Rate Nuvama Wealth
Fees Ratings 3.5 2.8
Trading Brokerage Rating 3.4 3.0
Trading Platform Usability 3.3 3.5
Customer Service Ratings 3.4 1.8
Overall Ratings 3.4 2.0
Broker Rating Reliance Securities is Rated 3.4 / 5 based on 52 customer reviews Nuvama Wealth is Rated 2.0 / 5 based on 4 customer reviews
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Investment Offerings

Compare Reliance Securities vs Nuvama Wealth on Investment Offerings

Compare Reliance Securities 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) - both the brokers provides PMS Service. You can invest in stocks/equity/bonds using PMS.

Investment Offerings - Compare Reliance Securities with Nuvama Wealth
Investment Offerings Compare Reliance Securities Nuvama Wealth
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 Yes
PMS Service Yes Yes
Other Investment Options NIL NIL
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Order Types

Compare Reliance Securities vs Nuvama Wealth on Order Types

Order Type - Compare Reliance Securities 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) - Reliance Securities 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 Reliance Securities with Nuvama Wealth
Order Type Compare Reliance Securities 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 Reliance Securities vs Nuvama Wealth on Customer Service

Compare Reliance Securities 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 Reliance Securities with Nuvama Wealth
Customer Service Compare Reliance Securities Nuvama Wealth
24/7 Customer Service Reliance Securities vs Nuvama Wealth - 24x7 customer support No No
Email Support Reliance Securities vs Nuvama Wealth - Email Support Yes Yes
Onine Live Chat Reliance Securities vs Nuvama Wealth - Onine Live Chat Yes No
Phone Support Reliance Securities vs Nuvama Wealth - Phone Support Yes Yes
Toll Free Number Reliance Securities vs Nuvama Wealth - Toll Free Number Yes Yes
Through Branches Reliance Securities vs Nuvama Wealth - Through Branches Yes Yes
Customer Care Number Reliance Securities vs Nuvama Wealth - Customer Care Number 022 41596000 | 022 62436000 1800 102 3335
Account Opening Process Reliance Securities vs Nuvama Wealth - Account Opening Process Online/Paperless Online/Paperless
Customer Support Email Reliance Securities vs Nuvama Wealth - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Reliance Securities vs Nuvama Wealth - Knowledge Center/Education https://www.reliancesmartmoney.com/Insights https://www.nuvamawealth.com/investology
Head Office Address Reliance Securities vs Nuvama Wealth - Head Office Address/Corporate Address Reliance Securities Limited,
4th Floor, North Wing,
Reliance Centre, Santacruz East,
Mumbai-MH- 400055
Edelweiss House,
Off CST Road,
Kalina,
Mumbai - 400098
Website Reliance Securities vs Nuvama Wealth - Company Website https://www.reliancesmartmoney.com https://www.nuvamawealth.com/
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Tips/Research/Reports Published

Compare Reliance Securities vs Nuvama Wealth on Research Reports, Tips

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

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

Compare Reliance Securities vs Nuvama Wealth on Demat Account

Compare Reliance Securities 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 Reliance Securities is ₹300 pa. Nuvama Wealth is a better choice in terms of Demat AMC compare to Reliance Securities.

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 Reliance Securities is 0.04% (Min ₹27) + 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 Reliance Securities with Nuvama Wealth
  Reliance Securities Nuvama Wealth
DP Source CDSL CDSL
DP ID Reliance Securities vs Nuvama Wealth - DP ID 41400 19100
Demat Account Annual Maintenance Charges(AMC) ₹300 pa Free (₹1500 one time charges)
Advance Deposit Nil NIL
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.04% (Min ₹27) + CDSL charges 0.02% of transaction value or ₹20 per transaction whichever is higher
Demat ₹5 per certificate + ₹30 request charges ₹2 per certificate + ₹30 courier charges
Remat ₹40 for every hundred securities or ₹25 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 (Min ₹30) 0.02% of transaction value (Min ₹50)
Pledge Creation Confirmation 0.05% of transaction value (Min ₹30) Nil
Pledge Closure 0.05% of transaction value (Min ₹30) 0.02% of transaction value (Min ₹50)
Pledge Closure Confirmation 0.05% of transaction value (Min ₹30) Nil
Pledge Invocation 0.05% of transaction value (Min ₹30) 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 Reliance Securities vs Nuvama Wealth on Special Offers and Promotion

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

Compare Reliance Securities vs Nuvama Wealth on Special Offers and Promotion
  Reliance Securities Nuvama Wealth
Pay In and Pay Out Options Reliance Securities vs Nuvama Wealth - Pay In and Pay Out Options Pay-in/adding funbds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from RelianceSmartMoney platform.
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 Reliance Securities vs Nuvama Wealth - Payout Time Max 24 hrs except bank holidays Upto 24 Hrs except Bank Holidays.
Bank Supported and Charges Reliance Securities vs Nuvama Wealth - Bank Supported and Charges Info Not Available Info Not Available
Bank Detail RELIANCE SECURITIES LTD
Account No.:9500XXXXXXXX
Bank:YES BANK
Branch:MUMBAI
Account Type:CURRENT
IFSC Code:YESB0000001
Nuvama Wealth,
Account Number:EBL1XXXXXXXXX
Bank and Branch: CitiBank, Mumbai
Account Type: Current Account
IFSC Code: CITI0100000
Likes
  • Multiple exchanges trading on BSE, NSE, and MCX.
  • Buy insurance plans like car insurance, health insurance, general insurance, etc.
  • Multiple brokerage plans.
  • Free state of the art and user-friendly TICK web, app, and desktop platform.
  • Zero Demat Account opening fees.
  • Zero brokerage benefits for the first 30 days.
  • No AMC for the first year.
  • Research reports, model portfolios, and stocks and mutual funds research recommendations.
  • R Model Portfolio and mutual fund basket recommendations.
  • Invest in the portfolio management services.
  • Robo assist technology platform for goal-based investing.
  • NRML, MIS, bracket order (BO), cover order (CO), after market order (AMO).
  • Place Valid Till Cancelled order for maximum validity of 45 days.
  • Free first 20 call & trade every month.
  • An abundance of education resources i.e., classrooms, blogs, webinars & events for beginners.

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
  • No flat brokerage plan is offered by Reliance Securities.
  • High brokerage charges than new-age discount brokers i.e., Zerodha, and Upstox.
  • The full-service broker does not have a toll-free number to provide 24*7 customer support.

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 2023-09-13T01:50:30+00:00