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The brokerage of HDFC Sky ranges between Rs 20, the brokerage of Nuvama Wealth ranges between Rs 10, while the brokerage of AxisDirect ranges between 0.05% to 0.5%. The broker HDFC Sky and Nuvama Wealth are a discount brokers where AxisDirect is a full service broker. Overall rating for HDFC Sky is 4, Nuvama Wealth is rated 3.5, AxisDirect is rated 3.5 out of 5.
Here we present side-by-side comparison of HDFC Sky vs Nuvama Wealth vs AxisDirect 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 Nuvama Wealth vs AxisDirect 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 Nuvama Wealth vs AxisDirect in this setion with 360 degree view of broker information.
 HDFC Sky |
 Nuvama Wealth |
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| Broker Type | Discount Broker | Discount Broker | Full Service Broker |
| Exchanges Supported | NSE, BSE, MCX | BSE, NSE, MCX, NCDEX | NSE, BSE |
| 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...  |
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... |
Axis Direct is a leading player in the retail broking space. The 3-in-1 account with Axis Direct is a single platform to trade in different asset classes, access innovative Ring powerful-technology trading platform, quality research calls & advis... |
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In this section we have compared HDFC Sky vs Nuvama Wealth vs AxisDirect on trading & demat account opening charges and AMC. Trading account opening charges - HDFC Sky and Nuvama Wealth offer Free account opening where AxisDirect charges Rs 999 for account opeing. Demat AMC charges - HDFC Sky charges Rs 240 PA (Free for 1st year) as AMC for Demat account, Nuvama Wealth charges Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year] AMC for Demat account, where AxisDirect charges Rs 750 PA (Free for 1st year) AMC for Demat account.
| Charges | HDFC Sky | Nuvama Wealth | AxisDirect |
|---|---|---|---|
| Trading Account Opening Fees | Free | Free | Rs 999 |
| Trading AMC | Free | Free | Free |
| Demat Account Opening Fees | Free | Free | Free |
| Demat AMC | Rs 240 PA (Free for 1st year) | Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year] | Rs 750 PA (Free for 1st year) |
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Plans are the most important feature you look when compare HDFC Sky vs Nuvama Wealth vs AxisDirect. This section copare on high level about type of plans offered by brokers. Miltiple Plans - Nuvama Wealth and AxisDirect offers Multiple Plans where HDFC Sky doesn't offer. Monthlay Plans - All 3 brokers don't have Monthy Plans.
| Plan Types | HDFC Sky | Nuvama Wealth | AxisDirect |
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| Zerodha | Nuvama Wealth | Zerodha | |
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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.
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.
AxisDirect Brokerage Plan detail - Axis Direct has a fixed % based brokerage plan that charge a fixed brokerage fee on trading across segments.
| Brokerage Charges Compare | HDFC Sky | Nuvama Wealth | AxisDirect |
|---|---|---|---|
| Plan Name | Fixed pricing model | Nuvama Lite | Fixed Brokerage Trading Plan (Percentage Based) |
| Equity Delivery | 0.1% or Rs 20 whichever is lower | Flat Rs. 10 per executed order | 0.50% (Each leg) |
| Equity Intraday | 0.1% or Rs 20 whichever is lower | Flat Rs. 10 per executed order | 0.05% (Each leg) |
| Equity Futures | 0.1% or Rs 20 whichever is lower | Flat Rs. 10 per executed order | 0.05% (Each leg) |
| Equity Options | Flat Fee Rs 20 | Flat Rs. 10 per executed order | Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot |
| Currency Futures | 0.1% or Rs 20 whichever is lower | Flat Rs. 10 per executed order | 0.05% (Each Leg) |
| Currency Options | Flat Fee Rs 20 | Flat Rs. 10 per executed order | Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 p |
| Commodity Trading | Flat Fee Rs 20 | 0.01% | Futures: 0.03% (Each leg)| Options: Rs. 50 per lot |
| Minimum Brokerage | |||
| Hidden Charges | No | Info Not Available | |
| Funding | Yes - 12% interest PA | Yes - 24% interest PA | Yes - 18% interest PA |
| Call & Trade Charges | Rs 20 per call | Rs 20 per call | Free 20 calls per month, and after Rs. 20 per order |
| Auto Square off Charges | 0.1% or Rs 20 whichever is lower | Rs 20 | 20 calls Free and after that Rs 20 per call |
| Brokerage Calculator | Brokerage Calculator for HDFC Sky | Brokerage Calculator for Nuvama Wealth | Brokerage Calculator for AxisDirect |
Compare HDFC Sky vs Nuvama Wealth vs AxisDirect on transaction charges and PCM fee by segment.
| Transaction Charges Compare | HDFC Sky | Nuvama Wealth | AxisDirect |
|---|---|---|---|
| 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 | |
| Brokerage Charges | Complete Brokerage Plans for hdfc-sky | Complete Brokerage Plans for nuvama-wealth | Complete Brokerage Plans for axisdirect |
Compare HDFC Sky vs Nuvama Wealth vs AxisDirect on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - HDFC Sky and AxisDirect offers 3-in-1 Account where 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 - All 3 brokers offers NRI Trading.
| Account Features Compare | HDFC Sky | Nuvama Wealth | AxisDirect |
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| 3 in 1 Account | |
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| Charting | |
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| Algo Trading | |
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| Combined Ledger for Equity and Commodity | |
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| Intraday Square-off Time | 3:15PM | 3:15PM | 2:45 PM |
| 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 Nuvama Wealth vs AxisDirect. 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.
| HDFC Sky | Nuvama Wealth | AxisDirect | ||
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97 Customer Reviews
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4 Customer Reviews
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6 Customer Reviews
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| Trading Platform Usability | ||||
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| Overall Ratings | ||||
| Broker Rating | HDFC Sky is Rated 2.4 / 5 based on 97 customer reviews | Nuvama Wealth is Rated 2.0 / 5 based on 4 customer reviews | AxisDirect is Rated 2.3 / 5 based on 6 customer reviews |
Compare HDFC Sky vs Nuvama Wealth vs AxisDirect 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 AxisDirect doesn't offers PMS facility.
| Investment Offerings Compare | HDFC Sky | Nuvama Wealth | AxisDirect |
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| Equity Cash and F&O | |
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| Other Investment Options | NIL | NIL |
Order Type - Compare HDFC Sky vs Nuvama Wealth vs AxisDirect 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 provides Bracket Orders (BO) facility where Nuvama Wealth and AxisDirect doesn't provides Bracket Orders. After Market Orders (AMO) - Nuvama Wealth and AxisDirect AMO facility where HDFC Sky doesn't provides AMO. GTC Orders - HDFC Sky and AxisDirect offers Good Till Cancelled (GTC) orders facility where Nuvama Wealth doesn't provides GTC.
| Order Type Compare | HDFC Sky | Nuvama Wealth | AxisDirect |
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Compare HDFC Sky vs Nuvama Wealth vs AxisDirect 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 | Nuvama Wealth | AxisDirect |
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| 24/7 Customer Service | |
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| Customer Care Number | 1800 121 2109 | 1800 102 3335 | 022-61480808 |
| Account Opening Process | Online | Online/Paperless | Online |
| Customer Support Email | [email protected] | [email protected] | [email protected] |
| Knowledge Center/Education | https://hdfcsky.com/learn | https://www.nuvamawealth.com/investology | https://simplehai.axisdirect.in/learn/overview |
| Head Office Address | LODHAI-I THINK TECHNO CAMPUS BLDG-ALPHA, 8 FLR, NEAR KANJURMARG RLYSTN, KANJURMARG, MUMBAI-MH-400042 |
Edelweiss House, Off CST Road, Kalina, Mumbai - 400098 |
Unit No. 2, Phoenix Market City, 15, LBS Road, Near Kamani Junction, Kurla (West), Mumbai- 400 070. |
| Website | https://hdfcsky.com/ | https://www.nuvamawealth.com/ | https://simplehai.axisdirect.in |
Compare HDFC Sky vs Nuvama Wealth vs AxisDirect on research reports and tips provided by broker.
| HDFC Sky | Nuvama Wealth | AxisDirect | |
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| Research ETF | |
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Compare HDFC Sky vs Nuvama Wealth vs AxisDirect on Demat Service and Charges. This section cover about demat charges, demat service and other details
| HDFC Sky | Nuvama Wealth | AxisDirect | |
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| DP Source | CDSL | CDSL | CDSL |
| DP ID | CDSL: 1209 | 19100 | 49200 |
| Demat Account Annual Maintenance Charges(AMC) | ₹750 pa | Free (₹1500 one time charges) | ₹500 pa |
| Advance Deposit | Customer having only Depository relationship with the Bank has to pay an advance fee of Rs.7,500/- | NIL | Nil |
| Statutory charges | Nil | Nil | Nil |
| Transaction Charges on Debit (Per ISIN) | 0.04% (Min ₹20) + CDSL charges | 0.02% of transaction value or ₹20 per transaction whichever is higher | ₹10 |
| Demat | ₹5 per certificate + ₹35 request charges | ₹2 per certificate + ₹30 courier charges | ₹3 per certificate |
| Remat | ₹30 | ₹10 for every hundred securities after that ₹10 per request + ₹30 request charges | ₹10 for every hundred securities (Min ₹10) |
| Pledge Creation | Nil | 0.02% of transaction value (Min ₹50) | ₹25 |
| Pledge Creation Confirmation | 0.04% of transaction value (Min ₹40) | Nil | ₹25 |
| Pledge Closure | Nil | 0.02% of transaction value (Min ₹50) | ₹25 |
| Pledge Closure Confirmation | 0.04% of transaction value (Min ₹40) | Nil | ₹25 |
| Pledge Invocation | 0.04% of transaction value (Min ₹40) | 0.02% of transaction value (Min ₹50) | Nil |
| Failed Instruction Charges | Nil | Nil | Nil |
| Other Charges | Nil | Nil | Nil |
Compare HDFC Sky vs Nuvama Wealth vs AxisDirect on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.
| HDFC Sky | Nuvama Wealth | AxisDirect | |
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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/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 |
Pay-in/adding funds - Cheque, Online Bank Transfer from Axis Bank. Pay-out/Fund Withdrawal - Bank Transfer only. |
| Payout Time | Instant to HDFC Bank. | Upto 24 Hrs except Bank Holidays. | Instant to Axis Bank. |
| Bank Supported and Charges | Info Not Available | Info Not Available | NA |
| Bank Detail | Direct from your HDFC bank account. | Nuvama Wealth, Account Number:EBL1XXXXXXXXX Bank and Branch: CitiBank, Mumbai Account Type: Current Account IFSC Code: CITI0100000 |
Direct from your Axis bank account. |
| Likes |
Want to know why to trade with HDFC Sky, here are the promising reasons;
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| Special Offers/Promo | Get Axis Direct 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds. | ||
| Enquire for HDFC Sky | Enquire for Nuvama Wealth | Enquire for AxisDirect |
Last Updated on 2023-11-09T03:39:28+00:00
