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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 64,75,590 where number of active customer for Nuvama Wealth is 1,74,046. 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	Nuvama Wealth
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type	Discount Broker	Discount Broker
Exchanges Supported	NSE, BSE, MCX	BSE, NSE, MCX, NCDEX
Active Clients	64,75,590	1,74,046
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...
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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

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
Monthly Plans
Yearly Plans

Account Opening Request

Account Opening

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.

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.

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 - 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 - Zerodha with Nuvama Wealth

Account Features Compare	Zerodha	Nuvama Wealth
3 in 1 Account
Charting
Algo Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding Available
Combined Ledger for Equity and Commodity
Intraday Square-off Time	3:10 PM	3:15PM
NRI Trading
Other Features	NIL	NIL

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	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 Site
Mobile Trading
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

Broker Ratings by Users

Compare Zerodha vs Nuvama Wealth on User Rating

	Zerodha	Nuvama Wealth
	159 Customer Reviews	3 Customer Reviews
Fees Ratings	4.0	2.7
Trading Brokerage Rating	4.5	3.3
Trading Platform Usability	3.7	3.7
Customer Service Ratings	3.8	2.0
Overall Ratings	3.9	2.3
Broker Rating	Zerodha is Rated 3.9 / 5 based on 159 customer reviews	Nuvama Wealth is Rated 2.3 / 5 based on 3 customer reviews

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
Currency Deravitives
Commodity
Online IPO Application
Mutual Funds
Bond / NCD
ETF
Banking
Insurance
Forex
MF SIP Investment
Equity SIP Investment
PMS Service
Other Investment Options	NIL	NIL

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
MIS order
NRML order
Cover order
Bracket order
AMO-After Market Orders
GTC-Good Till Cancelled

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
Email Support
Onine Live Chat
Phone Support
Toll Free Number
Through Branches
Customer Care Number	"+ 91 80 4040 2020"	1800 102 3335
Account Opening Process	Online/Paperless	Online/Paperless
Customer Support Email	[email protected]	[email protected]
Knowledge Center/Education	https://zerodha.com/varsity/	https://www.nuvamawealth.com/investology
Head Office 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	https://zerodha.com/	https://www.nuvamawealth.com/

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
Research Equity Reports
Research ETF
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

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	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

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	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 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	Trading with Zerodha brings multiple benefits or advantages, an indicative list is as follows; 0 brokerage on delivery trades. Max Rs. 20 brokerage on intraday and F&O trades. Open Zerodha IDFC First 3-in-1 Account (Demat + Trading + IDFC First Bank). Zero brokerage investment in direct mutual funds on Coin. 100% online account opening and account closure facility. Apply for IPO (Mainboard IPO and BSE SME & NSE SME IPO) online for Free. Kite superfast and feature-rich web and app trading platform. No upfront fee or commitment. Zerodha Varsity, a free stock-market learning platform for beginners. Zerodha offers NRI Trading services. Free UPI-based hassle-free fund transfer process. Advanced order placement facility; bracket order, cover order, and after-market order. Zerodha GTT (Good Till Triggered) order feature. Zero minimum deposit. No hidden charges. Zero-level Debt Company. Detail Review...	Trade and invest on BSE, NSE, and MCX. 10 per order flat brokerage trading. Trade at either a flat brokerage fee (Lite) or %-based brokerage plan (Elite). Add-on services with Elite plan; free call & trade, free RM, etc. Free mobile app, web, and desktop trading terminal. Get Nuvama API connect for free. (Limited time offer) Get free expert research, advisory, and trading tips. Investology, is a stock market learning platform for beginners to experts. Margin trading facility. Offline branch-based customer support is available. Detail Review...
Dislikes	Despite many advantages, there are following drawbacks while trading with India's leading discount broker, Zerodha Zerodha doesn’t offer intraday trading tips, recommendations, research, or advisory facility. High call & trade charges of Rs. 50 per executed order. High auto square-off charges of Rs. 50 per executed order. Lifetime Zero Demat AMC account is not available. Zerodha does not provide Free Unlimited Monthly Brokerage Plan. The 3-in-1 account opening facility is only available with IDFC First Bank. Detail Review...	It does not provide a 3-in-1 account opening facility. NRIs cannot open Nuvama Demat and Trading Account. Call & trade, and research services are not free for the Lite brokerage plan subscribers. 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>>