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 63,24,623 where number of active customer for Nuvama Wealth is 1,88,474. 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
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.
|Broker Type||Discount Broker||Discount Broker|
|Exchanges Supported||NSE, BSE, MCX||BSE, NSE, MCX, NCDEX|
|Broker Overview||Zerodha is the game-changing discount broker with the concept of an Rs. 20/order flat brokerage model and commission-free direct mutual fund investment platform in India. Free delivery trading, the superfast Zerodha Kite app, and web 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...|
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 Account Opening Fees||Online Rs 200 (Eq+Curr), Rs 300 (Eq+Curr+Com)||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|
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.
|Plan Types||Zerodha||Nuvama Wealth|
|Account Opening Request|
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||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%|
|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|
Compare Zerodha with Nuvama Wealth on transaction charges and PCM fee by segment.
|Transaction Charges Compare||Zerodha||Nuvama Wealth|
|Equity Delivery||Rs 335 Per Cr||Rs 335 Per Cr|
|Equity Intraday||Rs 335 Per Cr||Rs 335 Per Cr|
|Equity Futures||Rs 200 Per Cr||Rs 200 Per Cr|
|Equity Options||Rs 5050 Per Cr||Rs 5050 Per Cr|
|Currency Futures||Rs 90 Per Cr||Rs 90 Per Cr|
|Currency Options||Rs 3500 Per Cr||Rs 3500 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|
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 - Zerodha 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 - Nuvama Wealth offers a margin funding where Zerodha doesn't offers margin funding. NRI Trading - Both broker provides NRI Trading facility.
|Account Features Compare||Zerodha||Nuvama Wealth|
|3 in 1 Account|
|Margin Trading Funding Available|
|Combined Ledger for Equity and Commodity|
|Intraday Square-off Time||3:10 PM||3:15PM|
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||Nuvama Wealth|
|Desktop Trading Platform||Kite By Zerodha||Xtreme Trader|
|Desktop Demo||Info Not Available||Desktop Demo|
|Desktop Platform (Windows)|
|Desktop Platform (Mac)|
|Web Trading Platform|
|Web Trading Detail||https://tlounge.edelweiss.in/Login|
|Web Trading Demo||Web Trading Demo||Info Not Available|
|Mobile Trading App||Zerodha Kite||Nuvama Mobile Trader|
|Mobile Trading App Demo||Zerodha Kite Demo||Nuvama Mobile Trader Demo|
|Android Mobile App|
|Android App Download||Andriod Zerodha Kite Download||Andriod Nuvama Mobile Trader Download|
|iPhone Mobile App (IOS)|
|iOS App Download||iOS Zerodha Kite Download||iOS Nuvama Mobile Trader Download|
|Android Tablet App|
|iPad App (IOS)|
|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|
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||Nuvama Wealth|
|Equity Cash and F&O|
|Online IPO Application|
|Bond / NCD|
|MF SIP Investment|
|Equity SIP Investment|
|Other Investment Options||NIL||NIL|
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 Type Compare||Zerodha||Nuvama Wealth|
|AMO-After Market Orders|
|GTC-Good Till Cancelled|
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 Service Compare||Zerodha||Nuvama Wealth|
|24/7 Customer Service|
|Onine Live Chat|
|Toll Free Number|
|Customer Care Number||"+ 91 80 4040 2020"||1800 102 3335|
|Account Opening Process||Online/Paperless||Online/Paperless|
|Customer Support Email||[email protected]||[email protected]|
|Head Office Address||Zerodha Headquater
#153/154 4th Cross Dollars Colony,
Opp. Clarence Public School,
J.P Nagar 4th Phase,
Bangalore - 560078
Off CST Road,
Mumbai - 400098
Compare Zerodha with Nuvama Wealth on research reports and tips provided by the broker.
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 Account Annual Maintenance Charges(AMC)||₹300 pa||Free (₹1500 one time charges)|
|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|
Compare Zerodha with Nuvama Wealth on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.
|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||Max 24 hrs except for bank holidays||Upto 24 Hrs except Bank Holidays.|
|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
Branch: Sandoz Branch, Mumbai
Bank and Branch: CitiBank, Mumbai
Account Type: Current Account
IFSC Code: CITI0100000
Trading with Zerodha brings multiple benefits or advantages, an indicative list is as follows;
Despite many advantages, there are following drawbacks while trading with India's leading discount broker, Zerodha
|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 2023-09-13T05:06:06+00:00