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Upstox 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 Upstox Max Rs 20 per trade while the brokerage of Nuvama Wealth Max Rs 10 per trade. Both the brokers are Discount Brokers. Upstox is having overall higher rating compare to Nuvama Wealth. Upstox is rated 4.5 out of 5 where Nuvama Wealth is rated only 3.5 out of 5. Number of active customer for Nuvama Wealth is 1,74,917 where number of active customer for Upstox is . Nuvama Wealth is serving more customer compare to Upstox.

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

  Upstox Compare
Upstox
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? NSE, BSE, MCX BSE, NSE, MCX, NCDEX
Active Clients 1,74,917
Broker Overview Rs 20 flat brokerage fee, brokerage-free investment in mutual funds and state-of-the-art technology platforms (Upstox Pro and Upstox) with a host of features for traders and investors alike make Upstox one of the best discount brokers in India. 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 Upstox Request call back from Nuvama Wealth
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Account Opening Charges and AMC

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

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

Compare Upstox vs Nuvama Wealth on Plan Options

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

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

Account Opening

  Upstox Nuvama Wealth
Account Opening Request
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Brokerage Charges

Compare Upstox vs Nuvama Wealth on Brokerage Charges

Upstox Brokerage Plan detail - Discount brokerage plan - pay a maximum of Rs 20 per order.

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 Upstox with Nuvama Wealth
Brokerage Charges Compare Upstox Nuvama Wealth
Plan Name Max Rs 20 Per Order Trading Plan Nuvama Lite
Equity Delivery 2.5% 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 0.05% or Rs 20 whichever is lower 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 Flat Fee Rs 20 Flat Rs. 10 per executed order
Commodity Trading Flat Fee Rs 20 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 50 + 18% GST Rs 20 per call
Auto Square off Charges Rs 50 + 18% GST Rs 20
Brokerage Calculator Brokerage Calculator for Upstox Brokerage Calculator for Nuvama Wealth
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Share Broker's Transaction Charges

Compare Upstox vs Nuvama Wealth on Transaction Charges

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

Transaction Charges - Compare Upstox with Nuvama Wealth
Transaction Charges Compare Upstox 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 upstox Complete Brokerage Plans for nuvama-wealth
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Account Features

Compare Upstox vs Nuvama Wealth on Account Features

Compare Upstox with Nuvama Wealth on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - Upstox offers 3-in-1 account where Nuvama Wealth offers only 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 Upstox doesn't offers NRI Trading.

Account Features - Upstox with Nuvama Wealth
Account Features Compare Upstox Nuvama Wealth
3 in 1 Account Yes, Upstox have 3-in-1 accounts. Bank Account, Demat and Trading account. No Upstox 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 Yes No
Intraday Square-off Time 3:15PM 3:15PM
NRI Trading No Yes
Other Features NIL NIL
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Trading Platform

Compare Upstox vs Nuvama Wealth on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Upstox 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 Upstox with Nuvama Wealth
Trading Platform Compare Upstox Nuvama Wealth
Desktop Trading Platform Upstox Pro Xtreme Trader
Desktop Demo Info Not Available Desktop Demo
Desktop Platform (Windows) No Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://pro.upstox.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 Upstox Nuvama Mobile Trader
Mobile Trading App Demo Upstox Demo Nuvama Mobile Trader Demo
Android Mobile App Yes Yes
Android App Download Andriod Upstox Download Andriod Nuvama Mobile Trader Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS Upstox 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 Upstox Equity Intraday and Delivery Brokerage Calculator for Nuvama Wealth
Futures Brokerage Calculator Futures Brokerage Calculator for Upstox Futures Brokerage Calculator for Nuvama Wealth
Options Brokerage Calculator Options Brokerage Calculator for Upstox Options Brokerage Calculator for Nuvama Wealth
Detail Detail on Trading Platforms for upstox Detail on Trading Platforms for nuvama-wealth

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Broker Ratings by Users

Compare Upstox vs Nuvama Wealth on User Rating

  Upstox Nuvama Wealth
  12 Customer Reviews    Rate Upstox 4 Customer Reviews    Rate Nuvama Wealth
Fees Ratings 3.5 2.8
Trading Brokerage Rating 3.8 3.0
Trading Platform Usability 3.7 3.5
Customer Service Ratings 3.5 1.8
Overall Ratings 3.7 2.0
Broker Rating Upstox is Rated 3.7 / 5 based on 12 customer reviews Nuvama Wealth is Rated 2.0 / 5 based on 4 customer reviews
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Investment Offerings

Compare Upstox vs Nuvama Wealth on Investment Offerings

Compare Upstox 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 Upstox doesn't offer

Investment Offerings - Compare Upstox with Nuvama Wealth
Investment Offerings Compare Upstox 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 Yes Yes
Equity SIP Investment Yes Yes
PMS Service No Yes
Other Investment Options NIL NIL
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Order Types

Compare Upstox vs Nuvama Wealth on Order Types

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

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

Compare Upstox 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 Upstox with Nuvama Wealth
Customer Service Compare Upstox Nuvama Wealth
24/7 Customer Service Upstox vs Nuvama Wealth - 24x7 customer support No No
Email Support Upstox vs Nuvama Wealth - Email Support Yes Yes
Onine Live Chat Upstox vs Nuvama Wealth - Onine Live Chat Yes No
Phone Support Upstox vs Nuvama Wealth - Phone Support Yes Yes
Toll Free Number Upstox vs Nuvama Wealth - Toll Free Number No Yes
Through Branches Upstox vs Nuvama Wealth - Through Branches Yes Yes
Customer Care Number Upstox vs Nuvama Wealth - Customer Care Number +91 22 6130 9999 1800 102 3335
Account Opening Process Upstox vs Nuvama Wealth - Account Opening Process Online/Paperless Online/Paperless
Customer Support Email Upstox vs Nuvama Wealth - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Upstox vs Nuvama Wealth - Knowledge Center/Education https://upstox.com/help-center/ https://www.nuvamawealth.com/investology
Head Office Address Upstox vs Nuvama Wealth - Head Office Address/Corporate Address Upstox Corporate Office
Sunshine Tower,
30th Floor,
Senapati Bapat Marg,
Dadar (W),
Mumbai - 400 013
Edelweiss House,
Off CST Road,
Kalina,
Mumbai - 400098
Website Upstox vs Nuvama Wealth - Company Website https://upstox.com/ https://www.nuvamawealth.com/
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Tips/Research/Reports Published

Compare Upstox vs Nuvama Wealth on Research Reports, Tips

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

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

Compare Upstox vs Nuvama Wealth on Demat Account

Compare Upstox 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 Upstox is ₹300 PA. Nuvama Wealth is a better choice in terms of Demat AMC compare to Upstox.

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 Upstox is ₹13 + ₹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 Upstox with Nuvama Wealth
  Upstox Nuvama Wealth
DP Source CDSL CDSL
DP ID Upstox vs Nuvama Wealth - DP ID 81800 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) ₹13 + ₹5.50 CDSL charges 0.02% of transaction value or ₹20 per transaction whichever is higher
Demat ₹20 + ₹50 courier charges ₹2 per certificate + ₹30 courier charges
Remat ₹100 for every hundred securities or ₹25 per certificate (whichever is higher) ₹10 for every hundred securities after that ₹10 per request + ₹30 request charges
Pledge Creation 0.02% of the transaction value (Min ₹50) + CDSL charges 0.02% of transaction value (Min ₹50)
Pledge Creation Confirmation 0.02% of the transaction value (Min ₹50) + CDSL charges Nil
Pledge Closure 0.02% of the transaction value (Min ₹50) + CDSL charges 0.02% of transaction value (Min ₹50)
Pledge Closure Confirmation 0.02% of the transaction value (Min ₹50) + CDSL charges Nil
Pledge Invocation 0.05% of the transaction value (Min ₹50) 0.02% of transaction value (Min ₹50)
Failed Instruction Charges ₹50 Nil
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare Upstox vs Nuvama Wealth on Special Offers and Promotion

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

Compare Upstox vs Nuvama Wealth on Special Offers and Promotion
  Upstox Nuvama Wealth
Pay In and Pay Out Options Upstox vs Nuvama Wealth - Pay In and Pay Out Options pay-in/adding funbds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from Upstox Pro
Pau-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 Upstox vs Nuvama Wealth - Payout Time Max 24 hrs except bank holidays Upto 24 Hrs except Bank Holidays.
Bank Supported and Charges Upstox vs Nuvama Wealth - Bank Supported and Charges Around 30 banks allow instant credit facility with charges of Rs 7 from Upstox trading platform (Keynote) via ATOM service. Info Not Available
Bank Detail HDFC Bank
Account Name - RKSV SECURITIES INDIA PVT.LTD.
Account Number -00600340067574
Account Type - Current
Account IFSC Code- HDFC0000060
Nuvama Wealth,
Account Number:EBL1XXXXXXXXX
Bank and Branch: CitiBank, Mumbai
Account Type: Current Account
IFSC Code: CITI0100000
Likes

Before you open an Upstox account, check out the advantages on why to trade with Upstox.

  • No account opening charges and Zero Demat maintenance charge.
  • Cheapest flat brokerage of Rs 20 per order
  • Best platforms for traders and investors
  • Invest in mutual funds and IPOs for free.
  • Invest across global companies in 25+ countries.
  • Advanced orders like bracket order, cover order, AMO, and GTT order.
  • Advanced Pro web and mobile app-based trading platforms.
  • TradingView charts, multiple technical indicators, and drawing tools
  • Margin Trading Facility and margin against shares
  • Free API access
  • UpLearn free learning platform

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

There are some setbacks or disadvantages also while trading with Upstox;

  • Unlike top brokers like Zerodha and Fyers, Upstox does not offer free delivery trading.
  • Upstox does not have unlimited monthly trading plan.
  • It does not provide stock trading tips and recommendations.
  • Does not offer NRI trading.
  • 24/7 customer service is not available.

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 Max Rs 20 for equity delivery, intraday, F&O, currency and commodities trades + Free Account Opening + Free Mutual Funds and IPOs
Enquiry Open Upstox Account Now>> Open Nuvama Wealth Account Now>>

Last Updated on 2023-12-15T00:33:11+00:00