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The brokerage of Espresso Sharekhan ranges between Rs 20, the brokerage of Upstox ranges between Rs 20, while the brokerage of Nuvama Wealth ranges between Rs 10. All 3 brokers are discount brokers. Overall rating for Espresso Sharekhan is 4, Upstox is rated 4.5, Nuvama Wealth is rated 3.5 out of 5.
Here we present side-by-side comparison of Espresso Sharekhan vs Upstox vs Nuvama Wealth stock brokers in India. The comparison is based on more than 100+ attributes for each stock broker. To be precise, we have compared Espresso Sharekhan vs Upstox vs Nuvama Wealth on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options services. This will help you in make up your mind and clear things for you so that you can choose the best broker to open your trading and demat account. You can get answer for general question like which is better Espresso Sharekhan vs Upstox vs Nuvama Wealth in this setion with 360 degree view of broker information.
 Espresso Sharekhan |
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| Broker Type | Discount Broker | Discount Broker | Discount Broker |
| Exchanges Supported | BSE, NSE, MCX | NSE, BSE, MCX | BSE, NSE, MCX, NCDEX |
| Broker Overview | Espresso, a part of Sharekhan offers the lowest brokerage online trading services at Rs. 20 flat brokerages on profitable intraday trades, and no brokerage on delivery and loss-making trades on the Beta-tested app and desktop trading platforms. | 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...  |
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In this section we have compared Espresso Sharekhan vs Upstox vs Nuvama Wealth on trading & demat account opening charges and AMC. Trading account opening charges - Espresso Sharekhan charges Rs. 354 (Free for limited time) for account opening, Upstox charges Promotion offer: Free for account opeing, and Nuvama Wealth charges Free for account opeing. Demat AMC charges - Espresso Sharekhan charges Rs. 400 PA as AMC for Demat account, Upstox charges Free AMC for Demat account, where Nuvama Wealth charges Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year] AMC for Demat account.
| Charges | Espresso Sharekhan | Upstox | Nuvama Wealth |
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| Trading Account Opening Fees | Rs. 354 (Free for limited time) | Promotion offer: Free | Free |
| Trading AMC | Free | Free | Free |
| Demat Account Opening Fees | Free | Free | Free |
| Demat AMC | Rs. 400 PA | Free | Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year] |
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Plans are the most important feature you look when compare Espresso Sharekhan vs Upstox vs Nuvama Wealth. This section copare on high level about type of plans offered by brokers. Miltiple Plans - Nuvama Wealth offers Multiple Plans where Espresso Sharekhan and Upstox doesn't offer. Monthlay Plans - All 3 brokers don't have Monthy Plans.
| Plan Types | Espresso Sharekhan | Upstox | Nuvama Wealth |
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Espresso Sharekhan Brokerage Plan detail - Pay only when you profit is a flat brokerage plan that offers free delivery trading and charges Max Rs. 20 per order brokerage on equity intraday, F&O, commodity, and currency only in case of profit. There will be NIL brokerage fee in case of loss.
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 | Espresso Sharekhan | Upstox | Nuvama Wealth |
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| Plan Name | Pay Only When You Profit | Max Rs 20 Per Order Trading Plan | Nuvama Lite |
| Equity Delivery | Free | 2.5% or Rs 20 whichever is lower | Flat Rs. 10 per executed order |
| Equity Intraday | 0.03% or Rs 20 whichever is lower | 0.05% or Rs 20 whichever is lower | Flat Rs. 10 per executed order |
| Equity Futures | 0.03% or Rs 20 whichever is lower | 0.05% or Rs 20 whichever is lower | Flat Rs. 10 per executed order |
| Equity Options | Flat Fee Rs 20 | Flat Fee Rs 20 | Flat Rs. 10 per executed order |
| Currency Futures | 0.03% or Rs 20 whichever is lower | 0.05% or Rs 20 whichever is lower | Flat Rs. 10 per executed order |
| Currency Options | Flat Fee Rs 20 | Flat Fee Rs 20 | Flat Rs. 10 per executed order |
| Commodity Trading | 0.03% or Rs 20 whichever is lower | Flat Fee Rs 20 | 0.01% |
| Minimum Brokerage | NIL | ||
| Hidden Charges | No | Info Not Available | |
| Funding | Info Not Available | Info Not Available | Yes - 24% interest PA |
| Call & Trade Charges | Rs. 50 + GST per order placed through dealing desk | Rs 50 + 18% GST | Rs 20 per call |
| Auto Square off Charges | Rs. 50 + GST per order placed through dealing desk | Rs 50 + 18% GST | Rs 20 |
| Brokerage Calculator | Brokerage Calculator for Espresso Sharekhan | Brokerage Calculator for Upstox | Brokerage Calculator for Nuvama Wealth |
Compare Espresso Sharekhan vs Upstox vs Nuvama Wealth on transaction charges and PCM fee by segment.
| Transaction Charges Compare | Espresso Sharekhan | Upstox | Nuvama Wealth |
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| Equity Delivery | NSE:335 Per Cr | BSE:375 Per Cr | 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 | NSE:335 Per Cr | BSE:375 Per Cr |
| Equity Futures | NSE:200 Per Cr | BSE:FREE | 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 | 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 | 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 | NSE:4000 Per Cr | BSE:100 Per Cr |
| Commodity | Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr | 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 espresso-sharekhan | Complete Brokerage Plans for upstox | Complete Brokerage Plans for nuvama-wealth |
Compare Espresso Sharekhan vs Upstox vs 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 Espresso Sharekhan and Nuvama Wealth offers only 2-in-1 account which includes trading and demat account. Margin Funding -All 3 brokers offers Margin funding. Interest need to be paid on borrowed money. NRI Trading - Nuvama Wealth offers NRI Trading where Espresso Sharekhan and Upstox doesn't offers NRI Trading.
| Account Features Compare | Espresso Sharekhan | Upstox | Nuvama Wealth |
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| 3 in 1 Account | |
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| Combined Ledger for Equity and Commodity | |
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| Intraday Square-off Time | 3:15 PM | 3:15PM | 3:15PM |
| NRI Trading | |
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| Other Features | NIL | NIL | NIL |
With our expert research team, we have compared all the major features of Trading platform b/w Espresso Sharekhan vs Upstox vs Nuvama Wealth. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided link for mobile app to download and demo links for easy access.
| Espresso Sharekhan | Upstox | Nuvama Wealth | ||
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1 Customer Reviews
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12 Customer Reviews
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4 Customer Reviews
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| Broker Rating | Espresso Sharekhan is Rated 1.0 / 5 based on 1 customer reviews | Upstox is Rated 3.7 / 5 based on 12 customer reviews | Nuvama Wealth is Rated 2.0 / 5 based on 4 customer reviews |
Compare Espresso Sharekhan vs Upstox vs 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 - All 3 brokers offers trading/investment in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - All 3 brokers offers Commodity Trading. Online Mutual Fund Investment - Upstox and Nuvama Wealth offers online mutual fund investment where Espresso Sharekhan doesn't offers mutual fund investment. Portfolio Management Services (PMS) - Nuvama Wealth offers PMS facility where Espresso Sharekhan and Upstox doesn't offers PMS facility.
| Investment Offerings Compare | Espresso Sharekhan | Upstox | Nuvama Wealth |
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| Other Investment Options | SGB, Buyback, IPO | NIL | NIL |
Order Type - Compare Espresso Sharekhan vs Upstox vs Nuvama Wealth on offerings of order types. All the broker provide CNC Order, MIS Order, NRML Order. Differance comes with advance order typle like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - Upstox and Nuvama Wealth provides Cover Orders (CO) facility where Espresso Sharekhan doesn't provides Cover Orders. Bracket Orders (BO) - Espresso Sharekhan and Upstox provides Bracket Orders (BO) facility where Nuvama Wealth doesn't provides Bracket Orders. After-market Orders (AMO) - All 3 brokers offers AMO facility. The orders are send to exchange on the next trading day. GTC Orders - Espresso Sharekhan and Upstox offers Good Till Cancelled (GTC) orders facility where Nuvama Wealth doesn't provides GTC.
| Order Type Compare | Espresso Sharekhan | Upstox | Nuvama Wealth |
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Compare Espresso Sharekhan vs Upstox vs Nuvama Wealth on customer service offered by the broker. This section compare type of service offered by each broker for quick resoluation for queries/issue you have.
| Customer Service Compare | Espresso Sharekhan | Upstox | Nuvama Wealth |
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| 24/7 Customer Service | |
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| Customer Care Number | 022 6767 0700 | +91 22 6130 9999 | 1800 102 3335 |
| Account Opening Process | 100% online/paperless | Online/Paperless | Online/Paperless |
| Customer Support Email | [email protected] | [email protected] | [email protected] |
| Knowledge Center/Education | https://www.myespresso.com/the-espresso-blog | https://upstox.com/help-center/ | https://www.nuvamawealth.com/investology |
| Head Office Address | Sharekhan Comtrade Private Limited Lodha iThink Techno Campus, 10th Floor, Beta Building, Off. JVLR, Opp. Kanjurmarg Railway Station, Kanjurmarg (East), Mumbai - 400 042, Maharashtra. | Upstox Corporate Office Sunshine Tower, 30th Floor, Senapati Bapat Marg, Dadar (W), Mumbai - 400 013 |
Edelweiss House, Off CST Road, Kalina, Mumbai - 400098 |
| Website | https://www.myespresso.com/ | https://upstox.com/ | https://www.nuvamawealth.com/ |
Compare Espresso Sharekhan vs Upstox vs Nuvama Wealth on research reports and tips provided by broker.
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| Research Mutual Funds | |
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Compare Espresso Sharekhan vs Upstox vs Nuvama Wealth on Demat Service and Charges. This section cover about demat charges, demat service and other details
| Espresso Sharekhan | Upstox | Nuvama Wealth | |
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| DP Source | CDSL | CDSL | CDSL |
| DP ID | CDSL-DP-45 | 81800 | 19100 |
| Demat Account Annual Maintenance Charges(AMC) | ₹400 pa | ₹300 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 | NIL |
| Statutory charges | Actual Stamp Paper Charges | Nil | Nil |
| Transaction Charges on Debit (Per ISIN) | 0.03% (Min ₹30) + ₹5.50 (CDSL Charges) | ₹13 + ₹5.50 CDSL charges | 0.02% of transaction value or ₹20 per transaction whichever is higher |
| Demat | ₹5 per certificate (Min 50 per request) | ₹20 + ₹50 courier charges | ₹2 per certificate + ₹30 courier charges |
| Remat | ₹50 per certificate or ₹50 for every hundred securities | ₹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 | 0.03% (Min ₹100) | 0.02% of the transaction value (Min ₹50) + CDSL charges | 0.02% of transaction value (Min ₹50) |
| Pledge Creation Confirmation | NIL | 0.02% of the transaction value (Min ₹50) + CDSL charges | Nil |
| Pledge Closure | NIL | 0.02% of the transaction value (Min ₹50) + CDSL charges | 0.02% of transaction value (Min ₹50) |
| Pledge Closure Confirmation | NIL | 0.02% of the transaction value (Min ₹50) + CDSL charges | Nil |
| Pledge Invocation | NIL | 0.05% of the transaction value (Min ₹50) | 0.02% of transaction value (Min ₹50) |
| Failed Instruction Charges | Nil | ₹50 | 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 | Nil |
Compare Espresso Sharekhan vs Upstox vs Nuvama Wealth on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.
| Espresso Sharekhan | Upstox | Nuvama Wealth | |
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| Pay In and Pay Out Options | Pay-in/adding funds - Cheque, UPI, Online Bank Transfer via IMPS, NEFT or RTGS, Netbanking from Expresso Pay-out/Fund Withdrawal - Bank Transfer only |
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 | Max 24 hrs except for bank holidays | Max 24 hrs except bank holidays | Upto 24 Hrs except Bank Holidays. |
| Bank Supported and Charges | Around 31 banks allow instant credit facility with charges of Rs 9 + GST | Around 30 banks allow instant credit facility with charges of Rs 7 from Upstox trading platform (Keynote) via ATOM service. | NA |
| 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 |
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Before you open an Upstox account, check out the advantages on why to trade with Upstox.
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There are some setbacks or disadvantages also while trading with Upstox;
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| Special Offers/Promo | Max Rs 20 for equity delivery, intraday, F&O, currency and commodities trades + Free Account Opening + Free Mutual Funds and IPOs | ||
| Enquire for Espresso Sharekhan | Enquire for Upstox | Enquire for Nuvama Wealth |
Last Updated on 2024-01-30T21:07:02+00:00
