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The brokerage of HDFC Sky ranges between Rs 20, the brokerage of Finvasia ranges between Rs 0, while the brokerage of Nuvama Wealth ranges between Rs 10. All 3 brokers are discount brokers. Overall rating for HDFC Sky is 4, Finvasia is rated 4, Nuvama Wealth is rated 3.5 out of 5.
Here we present side-by-side comparison of HDFC Sky vs Finvasia 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 HDFC Sky vs Finvasia 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 HDFC Sky vs Finvasia vs Nuvama Wealth in this setion with 360 degree view of broker information.
 HDFC Sky |
 Finvasia |
 Nuvama Wealth |
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| Broker Type | Discount Broker | Discount Broker | Discount Broker |
| Exchanges Supported | NSE, BSE, MCX | BSE, NSE, MCX, NCDEX | BSE, NSE, MCX, NCDEX |
| Broker Overview | HDFC Sky is the only bank-based discount stock broker in India. Free demat and trading account opening, Rs 20/order maximum brokerage charges across all segments, simple yet elegant user interface enabled HDFC Sky mobile app, and free research & advi...  |
Finvasia is India’s first discount brokerage house offering zero brokerage online trading account, zero lifetime Demat AMC, and online trading in stocks, derivatives, commodities, and currencies at absolutely NIL brokerage on the feature-rich S... |
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 HDFC Sky vs Finvasia vs Nuvama Wealth on trading & demat account opening charges and AMC. Trading account opening charges - All 3 brokers offers Free Trading account opening. Demat AMC charges - HDFC Sky charges Rs 240 PA (Free for 1st year) as AMC for Demat account, Finvasia 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 | HDFC Sky | Finvasia | Nuvama Wealth |
|---|---|---|---|
| Trading Account Opening Fees | Free | Free | Free |
| Trading AMC | Free | Free | Free |
| Demat Account Opening Fees | Free | Free | Free |
| Demat AMC | Rs 240 PA (Free for 1st year) | 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 HDFC Sky vs Finvasia vs Nuvama Wealth. This section copare on high level about type of plans offered by brokers. Miltiple Plans - Nuvama Wealth offers Multiple Plans where HDFC Sky and Finvasia doesn't offer. Monthlay Plans - All 3 brokers don't have Monthy Plans.
| Plan Types | HDFC Sky | Finvasia | Nuvama Wealth |
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| Multiple Plans |  |
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| Zerodha | Zerodha | Nuvama Wealth | |
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| Account Opening Request |
HDFC Sky Brokerage Plan detail - HDFC Sky follows a fixed pricing model that charges a maximum of Rs 20 per order brokerage fee across segments.
Finvasia Brokerage Plan detail - Free Trading - Zero Brokerage Plan: Finvasia allows customers to trade in different segments at free of cost.
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 | HDFC Sky | Finvasia | Nuvama Wealth |
|---|---|---|---|
| Plan Name | Fixed pricing model | Zero Brokerage Trading Plan | Nuvama Lite |
| Equity Delivery | 0.1% or Rs 20 whichever is lower | Rs 0 | Flat Rs. 10 per executed order |
| Equity Intraday | 0.1% or Rs 20 whichever is lower | Rs 0 | Flat Rs. 10 per executed order |
| Equity Futures | 0.1% or Rs 20 whichever is lower | Rs 0 | Flat Rs. 10 per executed order |
| Equity Options | Flat Fee Rs 20 | Rs 0 | Flat Rs. 10 per executed order |
| Currency Futures | 0.1% or Rs 20 whichever is lower | Rs 0 | Flat Rs. 10 per executed order |
| Currency Options | Flat Fee Rs 20 | Rs 0 | Flat Rs. 10 per executed order |
| Commodity Trading | Flat Fee Rs 20 | Rs 0 | 0.01% |
| Minimum Brokerage | NA | ||
| Hidden Charges | No | No | |
| Funding | Yes - 12% interest PA | Yes, 24% interest PA | Yes - 24% interest PA |
| Call & Trade Charges | Rs 20 per call | Free | Rs 20 per call |
| Auto Square off Charges | 0.1% or Rs 20 whichever is lower | Free | Rs 20 |
| Brokerage Calculator | Brokerage Calculator for HDFC Sky | Brokerage Calculator for Finvasia | Brokerage Calculator for Nuvama Wealth |
Compare HDFC Sky vs Finvasia vs Nuvama Wealth on transaction charges and PCM fee by segment.
| Transaction Charges Compare | HDFC Sky | Finvasia | 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 | NA | Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr | Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr |
| Brokerage Charges | Complete Brokerage Plans for hdfc-sky | Complete Brokerage Plans for finvasia | Complete Brokerage Plans for nuvama-wealth |
Compare HDFC Sky vs Finvasia vs Nuvama Wealth on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - HDFC Sky offers 3-in-1 Account where Finvasia and Nuvama Wealth offers only 2-in-1 account which includes trading and demat account. Margin Funding - HDFC Sky and Nuvama Wealth offers margin funding where Finvasia doesn't offers margin funding. NRI Trading - All 3 brokers offers NRI Trading.
| Account Features Compare | HDFC Sky | Finvasia | 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 | 3:15PM | 3:15 PM | 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 HDFC Sky vs Finvasia 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.
| Trading Platform Compare | HDFC Sky | Finvasia | Nuvama Wealth |
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| Desktop Trading Platform | HDFC Sky | OMNESYS NEST | Xtreme Trader |
| Desktop Demo | Desktop Demo | Info Not Available | Desktop Demo |
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| Web Trading Platform | |
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| Web Trading Detail |
https://hdfcsky.com/ |
https://trade.finvasia.com/ |
https://tlounge.edelweiss.in/Login |
| Web Trading Demo | Web Trading Demo | Info Not Available | Info Not Available |
| Mobile Site | |
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| Mobile Trading App | HDFC Sky App | SCALPERT | Nuvama Mobile Trader |
| Mobile Trading App Demo | HDFC Sky App Demo | SCALPERT Demo | Nuvama Mobile Trader Demo |
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| Android App Download | Andriod HDFC Sky App Download | Andriod SCALPERT Download | Andriod Download |
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| iOS App Download | iOS HDFC Sky App Download | Info Not Available | iOS Nuvama Mobile Trader Download |
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| Trading Software Charges | Free | Basic platforms are free, advance platforms are chargeable. | Free |
| Equity Brokerage Calculator | Equity Intraday and Delivery Brokerage Calculator for HDFC Sky | Equity Intraday and Delivery Brokerage Calculator for Finvasia | Equity Intraday and Delivery Brokerage Calculator for Nuvama Wealth |
| Futures Brokerage Calculator | Futures Brokerage Calculator for HDFC Sky | Futures Brokerage Calculator for Finvasia | Futures Brokerage Calculator for Nuvama Wealth |
| Options Brokerage Calculator | Options Brokerage Calculator for HDFC Sky | Options Brokerage Calculator for Finvasia | Options Brokerage Calculator for Nuvama Wealth |
| Detail | Detail on Trading Platforms for hdfc-sky | Detail on Trading Platforms for finvasia | Detail on Trading Platforms for nuvama-wealth |
| HDFC Sky | Finvasia | Nuvama Wealth | ||
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97 Customer Reviews
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17 Customer Reviews
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4 Customer Reviews
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| Fees Ratings | ||||
| Trading Brokerage Rating | ||||
| Trading Platform Usability | ||||
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| Overall Ratings | ||||
| Broker Rating | HDFC Sky is Rated 2.4 / 5 based on 97 customer reviews | Finvasia is Rated 4.2 / 5 based on 17 customer reviews | Nuvama Wealth is Rated 2.0 / 5 based on 4 customer reviews |
Compare HDFC Sky vs Finvasia 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 - All 3 brokers offers online mutual fund investment. Portfolio Management Services (PMS) - Nuvama Wealth offers PMS facility where HDFC Sky and Finvasia doesn't offers PMS facility.
| Investment Offerings Compare | HDFC Sky | Finvasia | Nuvama Wealth |
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| Other Investment Options | NIL | NIL |
Order Type - Compare HDFC Sky vs Finvasia 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) - All 3 brokers offers provides Cover Orders (CO) facility. You can trade in equity and index derivatives using Cover Orders. Cover Orders (CO) is placed an compulsory stop loss and this is a intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - HDFC Sky and Finvasia provides Bracket Orders (BO) facility where Nuvama Wealth doesn't provides Bracket Orders. After Market Orders (AMO) - Finvasia and Nuvama Wealth AMO facility where HDFC Sky doesn't provides AMO. GTC Orders - HDFC Sky offers Good Till Cancelled (GTC) orders facility where Finvasia and Nuvama Wealth doesn't provides GTC.
| Order Type Compare | HDFC Sky | Finvasia | Nuvama Wealth |
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| CNC order | |
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| MIS order | |
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Compare HDFC Sky vs Finvasia 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 | HDFC Sky | Finvasia | Nuvama Wealth |
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| 24/7 Customer Service | |
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| Customer Care Number | 1800 121 2109 | Support: +91 9779 097 777/Sales: +91 9098 001 001 | 1800 102 3335 |
| Account Opening Process | Online | Online/Paperless | Online/Paperless |
| Customer Support Email | [email protected] | [email protected]/[email protected] | [email protected] |
| Knowledge Center/Education | https://hdfcsky.com/learn | https://finvasia.com/announcements | https://www.nuvamawealth.com/investology |
| Head Office Address | LODHAI-I THINK TECHNO CAMPUS BLDG-ALPHA, 8 FLR, NEAR KANJURMARG RLYSTN, KANJURMARG, MUMBAI-MH-400042 |
Finvasia Securities Pvt Ltd Plot #10, Netsmatrz House (Level 3), Rajiv Gandhi Chd. Tech Park, Chandigarh -160101 |
Edelweiss House, Off CST Road, Kalina, Mumbai - 400098 |
| Website | https://hdfcsky.com/ | https://www.finvasia.com/ | https://www.nuvamawealth.com/ |
Compare HDFC Sky vs Finvasia vs Nuvama Wealth on research reports and tips provided by broker.
| HDFC Sky | Finvasia | Nuvama Wealth | |
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| Research Mutual Funds | |
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| Research Equity Reports | |
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| Research ETF | |
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| Daily Market Report | |
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Compare HDFC Sky vs Finvasia vs Nuvama Wealth on Demat Service and Charges. This section cover about demat charges, demat service and other details
| HDFC Sky | Finvasia | Nuvama Wealth | |
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| DP Source | CDSL | CDSL | CDSL |
| DP ID | CDSL: 1209 | 84300 | 19100 |
| Demat Account Annual Maintenance Charges(AMC) | ₹750 pa | Free | Free (₹1500 one time charges) |
| Advance Deposit | Customer having only Depository relationship with the Bank has to pay an advance fee of Rs.7,500/- | Rs 0 | NIL |
| Statutory charges | Nil | Nil | Nil |
| Transaction Charges on Debit (Per ISIN) | 0.04% (Min ₹20) + CDSL charges | ₹9 + ₹5.50 (CDSL Charges) for every transaction | 0.02% of transaction value or ₹20 per transaction whichever is higher |
| Demat | ₹5 per certificate + ₹35 request charges | ₹15 per certificate | ₹2 per certificate + ₹30 courier charges |
| Remat | ₹30 | ₹15 for every hundred securities + CDSL Charges | ₹10 for every hundred securities after that ₹10 per request + ₹30 request charges |
| Pledge Creation | Nil | ₹25 per transaction | 0.02% of transaction value (Min ₹50) |
| Pledge Creation Confirmation | 0.04% of transaction value (Min ₹40) | NIL | Nil |
| Pledge Closure | Nil | ₹25 per transaction | 0.02% of transaction value (Min ₹50) |
| Pledge Closure Confirmation | 0.04% of transaction value (Min ₹40) | NIL | Nil |
| Pledge Invocation | 0.04% of transaction value (Min ₹40) | ₹19 per transaction | 0.02% of transaction value (Min ₹50) |
| Failed Instruction Charges | Nil | ₹49 | Nil |
| Other Charges | Nil | Nil | Nil |
Compare HDFC Sky vs Finvasia vs Nuvama Wealth on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.
| HDFC Sky | Finvasia | Nuvama Wealth | |
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| Pay In and Pay Out Options | Pay-in/adding funds - Cheque, Online Bank Transfer from HDFC Bank. Pay-out/Fund Withdrawal - Bank Transfer only. |
Pay-in with cheque, online bank transfer via IMPS, NEFT or RTGS, UPI, Netbanking / Payment Gateway from SCALPERT, NSET, NOW, Fox Trader, BEST Software. Pay-out / Withdrawal Fund through 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 | Instant to HDFC Bank. | Up to 24 hrs except for bank holidays. | Upto 24 Hrs except Bank Holidays. |
| Bank Supported and Charges | Info Not Available | Around 20+ banks allow instant credit facility (payment gateway) with charges of Rs 9 + GST from Finvasia trading platforms. | NA |
| Bank Detail | Direct from your HDFC bank account. | FINVASIA SECURITIES PVT LTD, Account Number:08730340000255 Bank and Branch: Plot no.28, Phase 1, Industrial Area, Chandigarh Account Type: Current Account IFSC Code:HDFC0000873 |
Nuvama Wealth, Account Number:EBL1XXXXXXXXX Bank and Branch: CitiBank, Mumbai Account Type: Current Account IFSC Code: CITI0100000 |
| Likes |
Want to know why to trade with HDFC Sky, here are the promising reasons;
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No-doubt, zero brokerage fees is the most crucial benefit available on trading with Finvasia. Check out the key pros or advantages of opening an account and trading with Finvasia as follows;
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| Dislikes |
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Despite no brokerage charges levied, there are some concerns, cons, or disadvantages of trading with Finvasia, here are the points;
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| Special Offers/Promo | Free Account Opening+Free Demat AMC+Free Trading. | ||
| Enquire for HDFC Sky | Enquire for Finvasia | Enquire for Nuvama Wealth |
Last Updated on 2023-11-09T03:39:28+00:00
