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Sharekhan 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 Sharekhan Max 0.1 to 0.5% per trade while the brokerage of Nuvama Wealth ranges between Rs 10. Sharekhan is a Full Service Broker where Nuvama Wealth is a Discount Broker. Sharekhan is having overall higher rating compare to Nuvama Wealth. Sharekhan is rated 4 out of 5 where Nuvama Wealth is rated only 3.5 out of 5. Number of active customer for Sharekhan is 6,50,277 where number of active customer for Nuvama Wealth is 1,72,812. Sharekhan is serving more customer compare to Nuvama Wealth.

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

  Sharekhan Compare
Sharekhan
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? BSE, NSE, MCX, NCDEX BSE, NSE, MCX, NCDEX
Active Clients 6,50,277 1,72,812
Broker Overview Sharekhan is part of the top 10 brokers in India serving 7.5 lakh+ active customers. Powerful Trade Tiger desktop trading terminal, free research & advisory, portfolio management services, and exceptionally great customer services with dedicated ... Know more about Sharekhan 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 Sharekhan Request call back from Nuvama Wealth
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Account Opening Charges and AMC

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

Comparison of Sharekhan 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 - Sharekhan 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 Sharekhan with Nuvama Wealth
Charges Sharekhan 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 Sharekhan vs Nuvama Wealth on Plan Options

Plans are the most important feature you look when compare Sharekhan 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 Sharekhan with Nuvama Wealth on Plan Options
Plan Types Sharekhan Nuvama Wealth
Multiple Plans Yes Yes
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Sharekhan Nuvama Wealth
Account Opening Request
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Brokerage Charges

Compare Sharekhan vs Nuvama Wealth on Brokerage Charges

Sharekhan Brokerage Plan detail - Sharekhna have % base brokerage plan. They have one of the best plan for in Currency future. Equity Intraday, Future & Option and commodities trading prices are on higher range and Equity Delivery trading is on average brokerage level with compare to other full service brokers. No Minimum brokerage.

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 Sharekhan with Nuvama Wealth
Brokerage Charges Compare Sharekhan Nuvama Wealth
Plan Name Sharkehan Brokerage Plan Nuvama Lite
Equity Delivery 0.30% Flat Rs. 10 per executed order
Equity Intraday 0.02% Flat Rs. 10 per executed order
Equity Futures 0.02% Flat Rs. 10 per executed order
Equity Options Rs 20 per lot Flat Rs. 10 per executed order
Currency Futures 0.02% Flat Rs. 10 per executed order
Currency Options Rs 5 per lot Flat Rs. 10 per executed order
Commodity Trading Rs 20 per lot 0.01%
Minimum Brokerage Rs 20 NIL
Hidden Charges No Info Not Available
Funding Yes - 18% interest PA Yes - 24% interest PA
Call & Trade Charges Free Rs 20 per call
Auto Square off Charges Free Rs 20
Brokerage Calculator Brokerage Calculator for Sharekhan Brokerage Calculator for Nuvama Wealth
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Share Broker's Transaction Charges

Compare Sharekhan vs Nuvama Wealth on Transaction Charges

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

Transaction Charges - Compare Sharekhan with Nuvama Wealth
Transaction Charges Compare Sharekhan 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 sharekhan Complete Brokerage Plans for nuvama-wealth
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Account Features

Compare Sharekhan vs Nuvama Wealth on Account Features

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

Compare Sharekhan vs Nuvama Wealth on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Sharekhan 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 Sharekhan with Nuvama Wealth
Trading Platform Compare Sharekhan Nuvama Wealth
Desktop Trading Platform TradeTiger 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://www.sharekhan.com/ 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 Sharekhan Nuvama Mobile Trader
Mobile Trading App Demo Sharekhan Demo Nuvama Mobile Trader Demo
Android Mobile App Yes Yes
Android App Download Andriod Sharekhan Download Andriod Nuvama Mobile Trader Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS Sharekhan 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 Sharekhan Equity Intraday and Delivery Brokerage Calculator for Nuvama Wealth
Futures Brokerage Calculator Futures Brokerage Calculator for Sharekhan Futures Brokerage Calculator for Nuvama Wealth
Options Brokerage Calculator Options Brokerage Calculator for Sharekhan Options Brokerage Calculator for Nuvama Wealth
Detail Detail on Trading Platforms for sharekhan Detail on Trading Platforms for nuvama-wealth

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Broker Ratings by Users

Compare Sharekhan vs Nuvama Wealth on User Rating

  Sharekhan Nuvama Wealth
  184 Customer Reviews    Rate Sharekhan 4 Customer Reviews    Rate Nuvama Wealth
Fees Ratings 3.2 2.8
Trading Brokerage Rating 3.1 3.0
Trading Platform Usability 3.9 3.5
Customer Service Ratings 3.5 1.8
Overall Ratings 3.6 2.0
Broker Rating Sharekhan is Rated 3.6 / 5 based on 184 customer reviews Nuvama Wealth is Rated 2.0 / 5 based on 4 customer reviews
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Investment Offerings

Compare Sharekhan vs Nuvama Wealth on Investment Offerings

Compare Sharekhan 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 Sharekhan with Nuvama Wealth
Investment Offerings Compare Sharekhan 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 No Yes
PMS Service Yes Yes
Other Investment Options NIL NIL
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Order Types

Compare Sharekhan vs Nuvama Wealth on Order Types

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

Order Types - Compare Sharekhan with Nuvama Wealth
Order Type Compare Sharekhan 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 Sharekhan vs Nuvama Wealth on Customer Service

Compare Sharekhan 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 Sharekhan with Nuvama Wealth
Customer Service Compare Sharekhan Nuvama Wealth
24/7 Customer Service Sharekhan vs Nuvama Wealth - 24x7 customer support No No
Email Support Sharekhan vs Nuvama Wealth - Email Support Yes Yes
Onine Live Chat Sharekhan vs Nuvama Wealth - Onine Live Chat Yes No
Phone Support Sharekhan vs Nuvama Wealth - Phone Support Yes Yes
Toll Free Number Sharekhan vs Nuvama Wealth - Toll Free Number Yes Yes
Through Branches Sharekhan vs Nuvama Wealth - Through Branches Yes Yes
Customer Care Number Sharekhan vs Nuvama Wealth - Customer Care Number 1800227500 1800 102 3335
Account Opening Process Sharekhan vs Nuvama Wealth - Account Opening Process Offline Online/Paperless
Customer Support Email Sharekhan vs Nuvama Wealth - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Sharekhan vs Nuvama Wealth - Knowledge Center/Education https://www.sharekhan.com/help/hello https://www.nuvamawealth.com/investology
Head Office Address Sharekhan vs Nuvama Wealth - Head Office Address/Corporate Address Sharekhan Limited,
10th Floor,
Beta Building,
Lodha iThink Techno Campus,

Kanjurmarg (East),
Mumbai-MH- 400042
Edelweiss House,
Off CST Road,
Kalina,
Mumbai - 400098
Website Sharekhan vs Nuvama Wealth - Company Website https://www.sharekhan.com https://www.nuvamawealth.com/
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Tips/Research/Reports Published

Compare Sharekhan vs Nuvama Wealth on Research Reports, Tips

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

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

Compare Sharekhan vs Nuvama Wealth on Demat Account

Compare Sharekhan 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 Sharekhan is ₹500 pa. Nuvama Wealth is a better choice in terms of Demat AMC compare to Sharekhan.

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 Sharekhan is 0.03% (Min ₹30) + ₹5.50 (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 Sharekhan with Nuvama Wealth
  Sharekhan Nuvama Wealth
DP Source CDSL CDSL
DP ID Sharekhan vs Nuvama Wealth - DP ID 36000 19100
Demat Account Annual Maintenance Charges(AMC) ₹500 pa Free (₹1500 one time charges)
Advance Deposit Rs. 500 Advance which will be adjusted against billing (Optional) .Tariff D-"Deposit Rs. 2999 (refund of deposit Rs. 2000 on closure) NIL
Statutory charges Actual Stamp Paper Charges Nil
Transaction Charges on Debit (Per ISIN) 0.03% (Min ₹30) + ₹5.50 (CDSL Charges) 0.02% of transaction value or ₹20 per transaction whichever is higher
Demat ₹5 per certificate (Min 50 per request) ₹2 per certificate + ₹30 courier charges
Remat ₹50 per certificate or ₹50 for every hundred securities ₹10 for every hundred securities after that ₹10 per request + ₹30 request charges
Pledge Creation 0.03% (Min ₹100) 0.02% of transaction value (Min ₹50)
Pledge Creation Confirmation Nil Nil
Pledge Closure Nil 0.02% of transaction value (Min ₹50)
Pledge Closure Confirmation Nil Nil
Pledge Invocation Nil 0.02% of transaction value (Min ₹50)
Failed Instruction Charges Nil Nil
Other Charges Freeze/De-freeze - ₹25 per transaction
Stock lending & Borrowing - 0.02% of the value of the transaction per request (minimum ₹100)
Client Master changes ₹30 per request
Nil
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Special Offers,Advantages,Disadvantages

Compare Sharekhan vs Nuvama Wealth on Special Offers and Promotion

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

Compare Sharekhan vs Nuvama Wealth on Special Offers and Promotion
  Sharekhan Nuvama Wealth
Pay In and Pay Out Options Sharekhan 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 Sharekhan vs Nuvama Wealth - Payout Time Max 24 hrs except bank holidays Upto 24 Hrs except Bank Holidays.
Bank Supported and Charges Sharekhan vs Nuvama Wealth - Bank Supported and Charges Info Not Available Info Not Available
Bank Detail Sharekhan Limited
Account No.:9035<> SK21<>
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
  • Free account opening facility at zero fees.
  • Multiple brokerage plans for traders and investors.
  • In-house easy-to-use modern-technology web, app, and terminal-based trading platforms.
  • Free mutual fund investment at Rs. 0 brokerage.
  • Sharekhan NEO, a mutual fund Robo-advisory platform.
  • Intraday trading tips, recommendations, and stock market research & advisory
  • Invest in the basket of stocks (portfolio) and get timely recommendations.
  • Margin trading facility, portfolio management services, and loan against securities.
  • Free call and trade facility to customers.
  • Place bracket order, basket order, aftermarket order, and Good Till Date (GTD) order.
  • Free learning resources (Sharekhan classroom, articles & blogs) for stock market education.
  • A dedicated team of 7500+ relationship managers.

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 doesn’t allow opening a 3-in-1 account.
  • High brokerage charge is the biggest drawback to trading with Sharekhan.
  • Direct mutual fund schemes are unavailable on the InstaMF platform.
  • Its fee structure is not transparent.

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 Sharekhan Account Now>> Open Nuvama Wealth Account Now>>

Last Updated on 2024-02-20T23:40:38+00:00