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SAMCO 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 SAMCO Max Rs 20 per trade while the brokerage of Nuvama Wealth Max Rs 10 per trade. Both the brokers are Discount Brokers. SAMCO is having overall higher rating compare to Nuvama Wealth. SAMCO is rated 4 out of 5 where Nuvama Wealth is rated only 3.5 out of 5. Number of active customer for Nuvama Wealth is 1,72,812 where number of active customer for SAMCO is 88,151. Nuvama Wealth is serving more customer compare to SAMCO.

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

  SAMCO Compare
SAMCO
Nuvama Wealth Compare
Nuvama Wealth
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Discount Broker Discount Broker
Exchanges Supported What is this parameter? BSE, NSE, MCX, NCDEX BSE, NSE, MCX, NCDEX
Active Clients 88,151 1,72,812
Broker Overview Rs. 20/order ultra-low brokerage, Giga trading engine powered new-gen mobile App, Nest Trader Terminal, and unique leverage products make SAMCO one of the best discount brokers for traders. Also, get stock and mutual fund research on StockBasket and ... Know more about SAMCO 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 SAMCO Request call back from Nuvama Wealth
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Account Opening Charges and AMC

Compare SAMCO vs Nuvama Wealth on Trading & Demat Account Opening Charges

Comparison of SAMCO 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 - SAMCO charges Rs 400 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 SAMCO with Nuvama Wealth
Charges SAMCO Nuvama Wealth
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 400 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 SAMCO vs Nuvama Wealth on Plan Options

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

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

Account Opening

  SAMCO Nuvama Wealth
Account Opening Request
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Brokerage Charges

Compare SAMCO vs Nuvama Wealth on Brokerage Charges

SAMCO Brokerage Plan detail - Trade in any segment in just Rs 20 per executable order, No size restriction,No Hidden 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.

Brokerage Charges - Compare SAMCO with Nuvama Wealth
Brokerage Charges Compare SAMCO Nuvama Wealth
Plan Name Max Rs 20 Per Order Trading Plan Nuvama Lite
Equity Delivery 0.5% or Rs 20 whichever is lower Flat Rs. 10 per executed order
Equity Intraday 0.05% or Rs 20 whichever is lower Flat Rs. 10 per executed order
Equity Futures Flat Fee Rs 20 Flat Rs. 10 per executed order
Equity Options Flat Fee Rs 20 Flat Rs. 10 per executed order
Currency Futures 0.05% or Rs 20 whichever is lower Flat Rs. 10 per executed order
Currency Options 0.05% or Rs 20 whichever is lower Flat Rs. 10 per executed order
Commodity Trading 0.05% or Rs 20 whichever is lower 0.01%
Minimum Brokerage NIL NIL
Hidden Charges Info Not Available Info Not Available
Funding Info Not Available Yes - 24% interest PA
Call & Trade Charges Rs 20 per Executed order, with First 20 C&T are free Rs 20 per call
Auto Square off Charges Rs 20 per Executed order, with First 20 C&T are free Rs 20
Brokerage Calculator Brokerage Calculator for SAMCO Brokerage Calculator for Nuvama Wealth
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Share Broker's Transaction Charges

Compare SAMCO vs Nuvama Wealth on Transaction Charges

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

Transaction Charges - Compare SAMCO with Nuvama Wealth
Transaction Charges Compare SAMCO 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 360 Per Cr | Agri: Rs 275 Per Cr Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr
Brokerage Charges Complete Brokerage Plans for samco Complete Brokerage Plans for nuvama-wealth
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Account Features

Compare SAMCO vs Nuvama Wealth on Account Features

Compare SAMCO 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 - 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 - Both broker provides NRI Trading facility.

Account Features - SAMCO with Nuvama Wealth
Account Features Compare SAMCO Nuvama Wealth
3 in 1 Account No SAMCO have 2-in-1 account. Only Demate and Trading account. No SAMCO 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 No 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 SAMCO vs Nuvama Wealth on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w SAMCO 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 SAMCO with Nuvama Wealth
Trading Platform Compare SAMCO Nuvama Wealth
Desktop Trading Platform SAMCO Trader 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 https://trade.samco.in/Samruddi/Login/indexauth.jsp 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 StockNote Nuvama Mobile Trader
Mobile Trading App Demo StockNote Demo Nuvama Mobile Trader Demo
Android Mobile App Yes Yes
Android App Download Andriod StockNote Download Andriod Nuvama Mobile Trader Download
iPhone Mobile App (IOS) No Yes
iOS App Download iOS StockNote Download iOS Nuvama Mobile Trader Download
Android Tablet App Yes Yes
iPad App (IOS) No Yes
Trading Software Charges Free Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for SAMCO Equity Intraday and Delivery Brokerage Calculator for Nuvama Wealth
Futures Brokerage Calculator Futures Brokerage Calculator for SAMCO Futures Brokerage Calculator for Nuvama Wealth
Options Brokerage Calculator Options Brokerage Calculator for SAMCO Options Brokerage Calculator for Nuvama Wealth
Detail Detail on Trading Platforms for samco Detail on Trading Platforms for nuvama-wealth

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Broker Ratings by Users

Compare SAMCO vs Nuvama Wealth on User Rating

  SAMCO Nuvama Wealth
  32 Customer Reviews    Rate SAMCO 4 Customer Reviews    Rate Nuvama Wealth
Fees Ratings 3.7 2.8
Trading Brokerage Rating 4.6 3.0
Trading Platform Usability 4.0 3.5
Customer Service Ratings 4.0 1.8
Overall Ratings 4.1 2.0
Broker Rating SAMCO is Rated 4.1 / 5 based on 32 customer reviews Nuvama Wealth is Rated 2.0 / 5 based on 4 customer reviews
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Investment Offerings

Compare SAMCO vs Nuvama Wealth on Investment Offerings

Compare SAMCO 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 SAMCO doesn't offer

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

Compare SAMCO vs Nuvama Wealth on Order Types

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

Compare SAMCO 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 SAMCO with Nuvama Wealth
Customer Service Compare SAMCO Nuvama Wealth
24/7 Customer Service SAMCO vs Nuvama Wealth - 24x7 customer support No No
Email Support SAMCO vs Nuvama Wealth - Email Support Yes Yes
Onine Live Chat SAMCO vs Nuvama Wealth - Onine Live Chat No No
Phone Support SAMCO vs Nuvama Wealth - Phone Support Yes Yes
Toll Free Number SAMCO vs Nuvama Wealth - Toll Free Number Yes Yes
Through Branches SAMCO vs Nuvama Wealth - Through Branches No Yes
Customer Care Number SAMCO vs Nuvama Wealth - Customer Care Number 022-2222-7777/022-4503-0450 1800 102 3335
Account Opening Process SAMCO vs Nuvama Wealth - Account Opening Process Online/Paperless Online/Paperless
Customer Support Email SAMCO vs Nuvama Wealth - Customer Support Email [email protected] [email protected]
Knowledge Center/Education SAMCO vs Nuvama Wealth - Knowledge Center/Education https://www.samco.in/knowledge-center/ https://www.nuvamawealth.com/investology
Head Office Address SAMCO vs Nuvama Wealth - Head Office Address/Corporate Address SAMCO Securities Limited
1004 - A, 10th Floor, Naman Midtown - A Wing,
Senapati Bapat Marg, Elphinstone Road,
Mumbai - 400 013, Maharashtra,
India.
Edelweiss House,
Off CST Road,
Kalina,
Mumbai - 400098
Website SAMCO vs Nuvama Wealth - Company Website https://www.samco.in/ https://www.nuvamawealth.com/
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Tips/Research/Reports Published

Compare SAMCO vs Nuvama Wealth on Research Reports, Tips

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

Research Reports - Compare SAMCO with Nuvama Wealth
  SAMCO Nuvama Wealth
Research Mutual Funds SAMCO vs Nuvama Wealth - Research Mutual Funds No Yes
Research Equity Reports SAMCO vs Nuvama Wealth - Research Equity Reports No Yes
Research ETF SAMCO vs Nuvama Wealth - Research ETF No Yes
Daily Market Report SAMCO vs Nuvama Wealth - Daily Market Report No Yes
Free Tips SAMCO vs Nuvama Wealth - Free Tips No Yes
Quarterly Result Analysis SAMCO vs Nuvama Wealth - Quarterly Results No Yes
News Alerts SAMCO vs Nuvama Wealth - No Yes
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Demat Account

Compare SAMCO vs Nuvama Wealth on Demat Account

Compare SAMCO 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 SAMCO is ₹400 pa. Nuvama Wealth is a better choice in terms of Demat AMC compare to SAMCO.

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 SAMCO is ₹10 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 SAMCO with Nuvama Wealth
  SAMCO Nuvama Wealth
DP Source CDSL CDSL
DP ID SAMCO vs Nuvama Wealth - DP ID 54200 19100
Demat Account Annual Maintenance Charges(AMC) ₹400 pa Free (₹1500 one time charges)
Advance Deposit NIL NIL
Statutory charges Stamp Charges Nil
Transaction Charges on Debit (Per ISIN) ₹10 0.02% of transaction value or ₹20 per transaction whichever is higher
Demat ₹10 per certificate + ₹50 courier charges ₹2 per certificate + ₹30 courier charges
Remat CDSL charges + ₹50 courier charges ₹10 for every hundred securities after that ₹10 per request + ₹30 request charges
Pledge Creation ₹25 per transaction 0.02% of transaction value (Min ₹50)
Pledge Creation Confirmation Nil Nil
Pledge Closure ₹25 per transaction 0.02% of transaction value (Min ₹50)
Pledge Closure Confirmation Nil Nil
Pledge Invocation ₹25 per transaction 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 SAMCO vs Nuvama Wealth on Special Offers and Promotion

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

Compare SAMCO vs Nuvama Wealth on Special Offers and Promotion
  SAMCO Nuvama Wealth
Pay In and Pay Out Options SAMCO vs Nuvama Wealth - Pay In and Pay Out Options pay-in/adding funbds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking/Payment Gateway from SAMCO trader or Back Office
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 SAMCO vs Nuvama Wealth - Payout Time Max 24 hrs except bank holidays Upto 24 Hrs except Bank Holidays.
Bank Supported and Charges SAMCO vs Nuvama Wealth - Bank Supported and Charges Around 24 banks allow instant credit facility(Payment Gateway) with charges of Rs 6 from Samco trading platform. Info Not Available
Bank Detail Samco Securities Limited,
Account Number: ZSAMCODDXXXX
Bank and Branch: Indusind Bank, Fort Branch, Mumbai
Account Type: Current Account
IFSC Code: INDB0000033
Nuvama Wealth,
Account Number:EBL1XXXXXXXXX
Bank and Branch: CitiBank, Mumbai
Account Type: Current Account
IFSC Code: CITI0100000
Likes
  • Trade and invest with SAMCO at flat Rs. 20/order brokerage.
  • Giga trading engine powered new-gen mobile app and trading tools.
  • Zero brokerage mutual fund investment.
  • Get upto 4x leverage/margin in the equity cash segment.
  • Get margin against your holdings on StockPlus.
  • SAMCO offers BTPT (Buy Today, Pay Tomorrow) facility.
  • Equity SIP: Set up a stock SIP on the Stock Note App.
  • Place advanced orders like bracket order, cover order, and after market order.
  • Place a GTT order on Stock Note app with lifetime validity.
  • Get 100% brokerage cashback for the 1st
  • Free stock market learning course for beginners.
  • Very low payment gateway charges of just Rs. 6 + GST.
  • Zero hidden charges.

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
  • SAMCO does not provide direct mutual funds.
  • You cannot open a 3-in-1 account with SAMCO.
  • NRI cannot open SAMCO NRI Demat & Trading Account.
  • Delivery trading in SAMCO is not free.
  • No monthly trading plans.
  • High Demat maintenance charges of Rs. 400 per year.

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 SAMCO Account Now>> Open Nuvama Wealth Account Now>>

Last Updated on 2023-09-15T07:17:14+00:00