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Zerodha 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 Zerodha Max Rs 20 per trade while the brokerage of Nuvama Wealth Max Rs 10 per trade. Both the brokers are Discount Brokers. Zerodha is having overall higher rating compare to Nuvama Wealth. Zerodha is rated 4.5 out of 5 where Nuvama Wealth is rated only 3.5 out of 5. Number of active customer for Zerodha is 73,92,836 where number of active customer for Nuvama Wealth is 1,74,917. Zerodha is serving more customer compare to Nuvama Wealth.

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

  Zerodha Compare
Zerodha
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 73,92,836 1,74,917
Broker Overview Zerodha is India's leading discount broker offering free equity and mutual fund investment, Rs 20 flat brokerage trading, and a user-friendly Kite trading platform. 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 Zerodha vs Nuvama Wealth on Trading & Demat Account Opening Charges

Comparison of Zerodha with Nuvama Wealth on trading & demat account opening charges and AMC. Trading account opening charges - Nuvama Wealth offer Free account opening where Zerodha charges Online Rs 200 (Eq+Curr), Rs 300 (Eq+Curr+Com) for account opening. Demat AMC charges - Zerodha charges Rs 300 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 Zerodha with Nuvama Wealth
Charges Zerodha Nuvama Wealth
Trading Account Opening Fees Online Rs 200 (Eq+Curr), Rs 300 (Eq+Curr+Com) Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 300 PA Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year]
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Zerodha vs Nuvama Wealth on Plan Options

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

Compare Zerodha with Nuvama Wealth on Plan Options
Plan Types Zerodha 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 Zerodha vs Nuvama Wealth on Brokerage Charges

Zerodha Brokerage Plan detail - Zerodha charges Rs 20 or .03%, whichever is lower, for equity Intraday, F&O, commodity and currency on NSE, BSE and MCX. No upfront brokerage or turnover commitments on your trade. Rs 20 is the maximum brokerage you need to pay per executable order. Zero brokerage on equity delivery trading.

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 Zerodha with Nuvama Wealth
Brokerage Charges Compare Zerodha Nuvama Wealth
Plan Name Max Rs 20 per order Trading Plan Nuvama Lite
Equity Delivery Free Flat Rs. 10 per executed order
Equity Intraday 0.03% or Rs 20 whichever is lower Flat Rs. 10 per executed order
Equity Futures 0.03% 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 0.03% 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 No Info Not Available
Funding Info Not Available Yes - 24% interest PA
Call & Trade Charges Rs 50 Per Executable Order Rs 20 per call
Auto Square off Charges Rs 50 Per Executable Order Rs 20
Brokerage Calculator Brokerage Calculator for Zerodha Brokerage Calculator for Nuvama Wealth
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Share Broker's Transaction Charges

Compare Zerodha vs Nuvama Wealth on Transaction Charges

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

Transaction Charges - Compare Zerodha with Nuvama Wealth
Transaction Charges Compare Zerodha 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 zerodha Complete Brokerage Plans for nuvama-wealth
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Account Features

Compare Zerodha vs Nuvama Wealth on Account Features

Compare Zerodha 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 - Nuvama Wealth offers a margin funding where Zerodha doesn't offers margin funding. NRI Trading - Both broker provides NRI Trading facility.

Account Features - Zerodha with Nuvama Wealth
Account Features Compare Zerodha Nuvama Wealth
3 in 1 Account No Zerodha have 2-in-1 account. Only Demate and Trading account. No Zerodha have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading Yes Yes
SMS Alerts No Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Available No Yes
Combined Ledger for Equity and Commodity Yes No
Intraday Square-off Time 3:20 PM 3:15PM
NRI Trading Yes Yes
Other Features NIL NIL
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Trading Platform

Compare Zerodha vs Nuvama Wealth on Trading Platform

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

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Broker Ratings by Users

Compare Zerodha vs Nuvama Wealth on User Rating

  Zerodha Nuvama Wealth
  160 Customer Reviews    Rate Zerodha 4 Customer Reviews    Rate Nuvama Wealth
Fees Ratings 4.0 2.8
Trading Brokerage Rating 4.4 3.0
Trading Platform Usability 3.7 3.5
Customer Service Ratings 3.8 1.8
Overall Ratings 3.9 2.0
Broker Rating Zerodha is Rated 3.9 / 5 based on 160 customer reviews Nuvama Wealth is Rated 2.0 / 5 based on 4 customer reviews
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Investment Offerings

Compare Zerodha vs Nuvama Wealth on Investment Offerings

Compare Zerodha 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 Zerodha doesn't offer

Investment Offerings - Compare Zerodha with Nuvama Wealth
Investment Offerings Compare Zerodha 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 Yes 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 Zerodha vs Nuvama Wealth on Order Types

Order Type - Compare Zerodha 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) - Both broker don't have Bracket Orders (BO).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- Zerodha offers Good Till Cancelled (GTC) orders where Nuvama Wealth doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare Zerodha with Nuvama Wealth
Order Type Compare Zerodha Nuvama Wealth
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes Yes
Bracket order No No
AMO-After Market Orders Yes Yes
GTC-Good Till Cancelled Yes No
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Customer Service Offered

Compare Zerodha vs Nuvama Wealth on Customer Service

Compare Zerodha 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 Zerodha with Nuvama Wealth
Customer Service Compare Zerodha Nuvama Wealth
24/7 Customer Service Zerodha vs Nuvama Wealth - 24x7 customer support No No
Email Support Zerodha vs Nuvama Wealth - Email Support Yes Yes
Onine Live Chat Zerodha vs Nuvama Wealth - Onine Live Chat No No
Phone Support Zerodha vs Nuvama Wealth - Phone Support Yes Yes
Toll Free Number Zerodha vs Nuvama Wealth - Toll Free Number No Yes
Through Branches Zerodha vs Nuvama Wealth - Through Branches Yes Yes
Customer Care Number Zerodha vs Nuvama Wealth - Customer Care Number "+ 91 80 4040 2020" 1800 102 3335
Account Opening Process Zerodha vs Nuvama Wealth - Account Opening Process Online/Paperless Online/Paperless
Customer Support Email Zerodha vs Nuvama Wealth - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Zerodha vs Nuvama Wealth - Knowledge Center/Education https://zerodha.com/varsity/ https://www.nuvamawealth.com/investology
Head Office Address Zerodha vs Nuvama Wealth - Head Office Address/Corporate Address Zerodha Headquater
#153/154 4th Cross Dollars Colony,
Opp. Clarence Public School,
J.P Nagar 4th Phase,
Bangalore - 560078
Edelweiss House,
Off CST Road,
Kalina,
Mumbai - 400098
Website Zerodha vs Nuvama Wealth - Company Website https://zerodha.com/ https://www.nuvamawealth.com/
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Tips/Research/Reports Published

Compare Zerodha vs Nuvama Wealth on Research Reports, Tips

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

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

Compare Zerodha vs Nuvama Wealth on Demat Account

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

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 Zerodha is ₹8 + ₹5.50 (CDSL Charges) per transaction 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 Zerodha with Nuvama Wealth
  Zerodha Nuvama Wealth
DP Source CDSL CDSL
DP ID Zerodha vs Nuvama Wealth - DP ID 81600 19100
Demat Account Annual Maintenance Charges(AMC) ₹300 pa Free (₹1500 one time charges)
Advance Deposit Nil NIL
Statutory charges ₹50 Nil
Transaction Charges on Debit (Per ISIN) ₹8 + ₹5.50 (CDSL Charges) per transaction 0.02% of transaction value or ₹20 per transaction whichever is higher
Demat ₹150 per certificate + ₹100 courier charges ₹2 per certificate + ₹30 courier charges
Remat ₹150 per certificate + ₹100 courier charges + CDSL Charges ₹10 for every hundred securities after that ₹10 per request + ₹30 request charges
Pledge Creation ₹20 + ₹12 CSDL charges 0.02% of transaction value (Min ₹50)
Pledge Creation Confirmation Nil Nil
Pledge Closure ₹20 + ₹12 CSDL charges 0.02% of transaction value (Min ₹50)
Pledge Closure Confirmation Nil Nil
Pledge Invocation ₹20 0.02% of transaction value (Min ₹50)
Failed Instruction Charges ₹50 per instraction Nil
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare Zerodha vs Nuvama Wealth on Special Offers and Promotion

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

Compare Zerodha vs Nuvama Wealth on Special Offers and Promotion
  Zerodha Nuvama Wealth
Pay In and Pay Out Options Zerodha vs Nuvama Wealth - Pay In and Pay Out Options pay-in/adding funds - Cheque, UPI, Online Bank Transfer via IMPS, NEFT or RTGS, Netbanking from Kite
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 Zerodha vs Nuvama Wealth - Payout Time Max 24 hrs except for bank holidays Upto 24 Hrs except Bank Holidays.
Bank Supported and Charges Zerodha vs Nuvama Wealth - Bank Supported and Charges Around 25 banks allow instant credit facility with charges of Rs 9 from zerodha trading platform (kite/PI). Info Not Available
Bank Detail HDFC Bank
Account#ZERNSE
Branch: Sandoz Branch, Mumbai
IFSC Code:HDFC0000240
Nuvama Wealth,
Account Number:EBL1XXXXXXXXX
Bank and Branch: CitiBank, Mumbai
Account Type: Current Account
IFSC Code: CITI0100000
Likes

You will enjoy many benefits or advantages while trading with Zerodha;

  • Rs 0 brokerage on investment in stocks
  • Flat Rs 20 intraday and F&O trades
  • Invest in direct mutual funds for free
  • Instant and paperless account opening and closure
  • Mainboard and SME IPO Apply via UPI
  • Modern platforms and apps for free of cost
  • Varsity, a free stock market learning platform
  • No upfront fee required
  • Advance orders; Basket order, Cover order (CO), After market order, GTT, etc.
  • Zero-level Debt Company.

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
  • Does not offer Lifetime free AMC account
  • No intraday tips, equity research and advisory
  • No unlimited zero brokerage plan for intraday traders
  • No 3-in-1 account
  • Bracket order is not offered by Zerodha
  • No Installable trading terminal
  • Zerodha has a separate platform for every investment product i.e., Kite for stocks, coin for mutual fund, Golden Pi for bonds, etc.
  • Software glitches in Kite happens at certain times.

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 Zero Brokerage for Equity Delivery and Zero Commission on Mutual Fund Investment (Direct Mutual Funds), Pay max Rs 20 for equity intraday, F&O, currency and commodity trading. No Hidden Charges.
Enquiry Open Zerodha Account Now>> Open Nuvama Wealth Account Now>>

Last Updated on 2024-05-23T05:55:42+00:00