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SBICAP Securities Vs Nuvama Wealth: Which one is better?

Both the brokers are registered with SEBI. SBICAP 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 SBICAP Securities Max .05 to 0.50% per trade while the brokerage of Nuvama Wealth ranges between Rs 10. SBICAP Securities is a Full Service Broker where Nuvama Wealth is a Discount Broker. SBICAP Securities is having overall higher rating compare to Nuvama Wealth. SBICAP Securities is rated 4 out of 5 where Nuvama Wealth is rated only 3.5 out of 5. Number of active customer for SBICAP Securities is 8,30,820 where number of active customer for Nuvama Wealth is 1,72,812. SBICAP Securities is serving more customer compare to Nuvama Wealth.

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

  SBICAP Securities Compare
SBICAP 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 8,30,820 1,72,812
Broker Overview Open a Demat & Trading Account with India’s leading SBI bank-based full-service broker, SBI Securities. A comprehensive range of products, an integrated 3-in-1 account, easy-to-use mobile app and website, fundamental and technical research ... Know more about SBICAP 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 SBICAP Securities vs Nuvama Wealth on Trading & Demat Account Opening Charges

Comparison of SBICAP Securities with Nuvama Wealth on trading & demat account opening charges and AMC. Trading account opening charges - Nuvama Wealth offer Free account opening where SBICAP Securities charges Rs 850 for account opening. Demat AMC charges - SBICAP Securities charges Rs 500 PA 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 SBICAP Securities with Nuvama Wealth
Charges SBICAP Securities Nuvama Wealth
Trading Account Opening Fees Rs 850 Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 500 PA Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year]
Provide DP Service Yes Yes
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About Brokerage Plans

Compare SBICAP Securities vs Nuvama Wealth on Plan Options

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

Compare SBICAP Securities with Nuvama Wealth on Plan Options
Plan Types SBICAP Securities 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 SBICAP Securities vs Nuvama Wealth on Brokerage Charges

SBICAP Securities Brokerage Plan detail - This is a standard plan by SBI Securities. This is a fixed percentage-based brokerage plan. Brokerage is between .05% to .5%, which is 5 paisa to 50 paise.

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 SBICAP Securities with Nuvama Wealth
Brokerage Charges Compare SBICAP Securities Nuvama Wealth
Plan Name Standard or default brokerage plan 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 0.03% Flat Rs. 10 per executed order
Currency Options Rs 30 Per Lot Flat Rs. 10 per executed order
Commodity Trading Rs. 100 per lot 0.01%
Minimum Brokerage Rs 0.05 for Cash, Rs 0.01 Future NIL
Hidden Charges Info Not Available Info Not Available
Funding Yes - 24% interest PA Yes - 24% interest PA
Call & Trade Charges Free First 30 calls per month, after Rs 10 per call - Max 3 scripts can be trade per call. Rs 20 per call
Auto Square off Charges First Free 30 per month, after Rs 10 per square-off Rs 20
Brokerage Calculator Brokerage Calculator for SBICAP Securities Brokerage Calculator for Nuvama Wealth
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Share Broker's Transaction Charges

Compare SBICAP Securities vs Nuvama Wealth on Transaction Charges

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

Transaction Charges - Compare SBICAP Securities with Nuvama Wealth
Transaction Charges Compare SBICAP 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 NA Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr
Brokerage Charges Complete Brokerage Plans for sbicap-securities Complete Brokerage Plans for nuvama-wealth
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Account Features

Compare SBICAP Securities vs Nuvama Wealth on Account Features

Compare SBICAP Securities with Nuvama Wealth on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - SBICAP Securities 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 SBICAP Securities doesn't offers Algo Trading. Margin Funding - Nuvama Wealth offers a margin funding where SBICAP Securities doesn't offers margin funding. NRI Trading - Both broker provides NRI Trading facility.

Account Features - SBICAP Securities with Nuvama Wealth
Account Features Compare SBICAP Securities Nuvama Wealth
3 in 1 Account Yes, SBICAP Securities have 3-in-1 accounts. Bank Account, Demat and Trading account. No SBICAP 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 No Yes
Combined Ledger for Equity and Commodity No No
Intraday Square-off Time 3:15PM 3:15PM
NRI Trading Yes Yes
Other Features Trading software terminal: ODIN Diet NIL
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Trading Platform

Compare SBICAP Securities vs Nuvama Wealth on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w SBICAP 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 SBICAP Securities with Nuvama Wealth
Trading Platform Compare SBICAP Securities Nuvama Wealth
Desktop Trading Platform SBISMART XPRESS - NextTrader 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://login1.sbismart.com/nidp/app/login https://tlounge.edelweiss.in/Login
Web Trading Demo Web Trading Demo Info Not Available
Mobile Site No Yes
Mobile Trading Yes Yes
Mobile Trading App SBISMART Nuvama Mobile Trader
Mobile Trading App Demo SBISMART Demo Nuvama Mobile Trader Demo
Android Mobile App Yes Yes
Android App Download Andriod SBISMART Download Andriod Nuvama Mobile Trader Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS SBISMART 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 SBICAP Securities Equity Intraday and Delivery Brokerage Calculator for Nuvama Wealth
Futures Brokerage Calculator Futures Brokerage Calculator for SBICAP Securities Futures Brokerage Calculator for Nuvama Wealth
Options Brokerage Calculator Options Brokerage Calculator for SBICAP Securities Options Brokerage Calculator for Nuvama Wealth
Detail Detail on Trading Platforms for sbicap-securities Detail on Trading Platforms for nuvama-wealth

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Broker Ratings by Users

Compare SBICAP Securities vs Nuvama Wealth on User Rating

  SBICAP Securities Nuvama Wealth
  78 Customer Reviews    Rate SBICAP Securities 4 Customer Reviews    Rate Nuvama Wealth
Fees Ratings 3.3 2.8
Trading Brokerage Rating 3.1 3.0
Trading Platform Usability 2.8 3.5
Customer Service Ratings 2.7 1.8
Overall Ratings 2.7 2.0
Broker Rating SBICAP Securities is Rated 2.7 / 5 based on 78 customer reviews Nuvama Wealth is Rated 2.0 / 5 based on 4 customer reviews
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Investment Offerings

Compare SBICAP Securities vs Nuvama Wealth on Investment Offerings

Compare SBICAP 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 - Nuvama Wealth offers trading options in Commodity (MCX) where SBICAP Securities 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 SBICAP Securities doesn't offer

Investment Offerings - Compare SBICAP Securities with Nuvama Wealth
Investment Offerings Compare SBICAP Securities 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 No Yes
PMS Service No Yes
Other Investment Options NIL NIL
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Order Types

Compare SBICAP Securities vs Nuvama Wealth on Order Types

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

Order Types - Compare SBICAP Securities with Nuvama Wealth
Order Type Compare SBICAP 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 Yes No
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Customer Service Offered

Compare SBICAP Securities vs Nuvama Wealth on Customer Service

Compare SBICAP 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 SBICAP Securities with Nuvama Wealth
Customer Service Compare SBICAP Securities Nuvama Wealth
24/7 Customer Service SBICAP Securities vs Nuvama Wealth - 24x7 customer support No No
Email Support SBICAP Securities vs Nuvama Wealth - Email Support Yes Yes
Onine Live Chat SBICAP Securities vs Nuvama Wealth - Onine Live Chat No No
Phone Support SBICAP Securities vs Nuvama Wealth - Phone Support Yes Yes
Toll Free Number SBICAP Securities vs Nuvama Wealth - Toll Free Number Yes Yes
Through Branches SBICAP Securities vs Nuvama Wealth - Through Branches Yes Yes
Customer Care Number SBICAP Securities vs Nuvama Wealth - Customer Care Number 022 6854 5555 1800 102 3335
Account Opening Process SBICAP Securities vs Nuvama Wealth - Account Opening Process Offline Online/Paperless
Customer Support Email SBICAP Securities vs Nuvama Wealth - Customer Support Email [email protected] [email protected]
Knowledge Center/Education SBICAP Securities vs Nuvama Wealth - Knowledge Center/Education https://www.sbismart.com/education https://www.nuvamawealth.com/investology
Head Office Address SBICAP Securities vs Nuvama Wealth - Head Office Address/Corporate Address SBICAP SECURITIES LTD.,
A&B WING, MARATHON FUTUREX
12TH FLOOR, N.M.JOSHI MARG
LOWER PAREL,
MUMBAI - 400013
Edelweiss House,
Off CST Road,
Kalina,
Mumbai - 400098
Website SBICAP Securities vs Nuvama Wealth - Company Website https://www.sbismart.com https://www.nuvamawealth.com/
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Tips/Research/Reports Published

Compare SBICAP Securities vs Nuvama Wealth on Research Reports, Tips

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

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

Compare SBICAP Securities vs Nuvama Wealth on Demat Account

Compare SBICAP 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 SBICAP Securities is ₹500. Nuvama Wealth is a better choice in terms of Demat AMC compare to SBICAP 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 SBICAP Securities is 0.01% of the transaction value (Min ₹21 and Max ₹300) 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 SBICAP Securities with Nuvama Wealth
  SBICAP Securities Nuvama Wealth
DP Source CDSL CDSL
DP ID SBICAP Securities vs Nuvama Wealth - DP ID 19300 19100
Demat Account Annual Maintenance Charges(AMC) ₹500 Free (₹1500 one time charges)
Advance Deposit 0 for all NIL
Statutory charges Nil Nil
Transaction Charges on Debit (Per ISIN) 0.01% of the transaction value (Min ₹21 and Max ₹300) 0.02% of transaction value or ₹20 per transaction whichever is higher
Demat ₹5 per certificate + ₹35 courier charges ₹2 per certificate + ₹30 courier charges
Remat ₹35 per certificate + CDSL Charges ₹10 for every hundred securities after that ₹10 per request + ₹30 request charges
Pledge Creation 0.02% of transaction value or Min ₹25 whichever is higher + CSDL charges 0.02% of transaction value (Min ₹50)
Pledge Creation Confirmation 0.02% of transaction value or Min ₹25 whichever is higher + CSDL charges Nil
Pledge Closure 0.02% of transaction value or Min ₹25 whichever is higher + CSDL charges 0.02% of transaction value (Min ₹50)
Pledge Closure Confirmation 0.02% of transaction value or Min ₹25 whichever is higher + CSDL charges Nil
Pledge Invocation 0.02% of transaction value or Min ₹25 whichever is higher + CSDL charges 0.02% of transaction value (Min ₹50)
Failed Instruction Charges ₹10 Nil
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare SBICAP Securities vs Nuvama Wealth on Special Offers and Promotion

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

Compare SBICAP Securities vs Nuvama Wealth on Special Offers and Promotion
  SBICAP Securities Nuvama Wealth
Pay In and Pay Out Options SBICAP Securities vs Nuvama Wealth - Pay In and Pay Out Options Pay-in/adding funds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from SBISmart Mobile, SBISMART XPRESS Desktop and SBISMART Web application.
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 SBICAP Securities vs Nuvama Wealth - Payout Time Upto 24 Hrs except Bank Holidays. Upto 24 Hrs except Bank Holidays.
Bank Supported and Charges SBICAP Securities vs Nuvama Wealth - Bank Supported and Charges Direct to SBI Bank. Info Not Available
Bank Detail Direct to SBI bank account Nuvama Wealth,
Account Number:EBL1XXXXXXXXX
Bank and Branch: CitiBank, Mumbai
Account Type: Current Account
IFSC Code: CITI0100000
Likes
  • Trade on BSE, NSE, and MCX.
  • Instant paperless 3-in-1 account opening with SBI Bank.
  • Free web and app-based trading platforms.
  • Invest in IPO, mutual funds, insurance, and get loans.
  • Place upto 5 IPO applications from a single bank account.
  • Comprehensive fundamental and technical research services across asset classes.
  • Free trading tips and recommendations.
  • Educative blogs, and videos as a learning source.
  • Margin trading services.
  • Advance orders; bracket order (BO), Cover order (CO), and after market order (AMO).
  • Place Good Till Date (GTD) order.

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
  • It charges high brokerage than other brokers like Zerodha, Upstox, etc.
  • It does not provide any desktop trading software for pro traders.
  • The first 30 calls & trade orders are free and then, Rs. 10 per order + GST fee is charged.
  • It doesn’t have any fixed/flat discount brokerage plan.
  • Customers are not satisfied with the SBI Securities services.

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 2023-09-13T02:35:55+00:00