FREE Account Opening + Zero AMC Fees* + MutualFund SIP1
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HDFC Sky Vs Zerodha Vs Nuvama Wealth: Which one is better?

The brokerage of HDFC Sky ranges between Rs 20, the brokerage of Zerodha ranges between Rs 20, while the brokerage of Nuvama Wealth ranges between Rs 10. All 3 brokers are discount brokers. Overall rating for HDFC Sky is 4, Zerodha is rated 4.5, Nuvama Wealth is rated 3.5 out of 5.

Here we present side-by-side comparison of HDFC Sky vs Zerodha 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 Zerodha 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 Zerodha vs Nuvama Wealth in this setion with 360 degree view of broker information.

Compare HDFC Sky vs Zerodha vs Nuvama Wealth on Service

  HDFC Sky Compare
HDFC Sky
Zerodha Compare
Zerodha
Nuvama Wealth Compare
Nuvama Wealth
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type Discount Broker Discount Broker Discount Broker
Exchanges Supported NSE, BSE, MCX NSE, BSE, MCX 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... Know more about HDFC Sky Zerodha is India's leading discount broker offering free account opening, free equity and mutual fund investment, Rs 20 flat brokerage trading, and a user-friendly Kite 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... Know more about Nuvama Wealth
Broker Enquiry Request call back from Zerodha Request call back from Zerodha Request call back from Nuvama Wealth
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Account Opening Charges and AMC

Compare HDFC Sky vs Zerodha vs Nuvama Wealth on Trading & Demat Account Opening Charges

In this section we have compared HDFC Sky vs Zerodha 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, 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 HDFC Sky vs Zerodha vs Nuvama Wealth
Charges HDFC Sky Zerodha 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) Rs 300 PA Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year]
Provide DP Service Yes Yes Yes
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About Brokerage Plans

Compare HDFC Sky vs Zerodha vs Nuvama Wealth on Plan Options

Plans are the most important feature you look when compare HDFC Sky vs Zerodha 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 Zerodha doesn't offer. Monthlay Plans - All 3 brokers don't have Monthy Plans.

Compare HDFC Sky vs Zerodha vs Nuvama Wealth on Plan Options
Plan Types HDFC Sky Zerodha Nuvama Wealth
Multiple Plans No No Yes
Monthly Plans No No No
Yearly Plans No No No
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Account Opening Request

Account Opening

  Zerodha Zerodha Nuvama Wealth
Account Opening Request
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Brokerage Charges

Compare HDFC Sky vs Zerodha vs Nuvama Wealthon Brokerage Charges

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.

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 HDFC Sky vs Zerodha vs Nuvama Wealth
Brokerage Charges Compare HDFC Sky Zerodha Nuvama Wealth
Plan Name Fixed pricing model Max Rs 20 per order Trading Plan Nuvama Lite
Equity Delivery 0.1% or Rs 20 whichever is lower Free Flat Rs. 10 per executed order
Equity Intraday 0.1% or Rs 20 whichever is lower 0.03% or Rs 20 whichever is lower Flat Rs. 10 per executed order
Equity Futures 0.1% or Rs 20 whichever is lower 0.03% 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 0.1% or Rs 20 whichever is lower 0.03% 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 Flat Fee Rs 20 Flat Fee Rs 20 0.01%
Minimum Brokerage NIL
Hidden Charges No No
Funding Yes - 12% interest PA Info Not Available Yes - 24% interest PA
Call & Trade Charges Rs 20 per call Rs 50 Per Executable Order Rs 20 per call
Auto Square off Charges 0.1% or Rs 20 whichever is lower Rs 50 Per Executable Order Rs 20
Brokerage Calculator Brokerage Calculator for HDFC Sky Brokerage Calculator for Zerodha Brokerage Calculator for Nuvama Wealth
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Share Broker's Transaction Charges

Compare HDFC Sky vs Zerodha vs Nuvama Wealth on Transaction Charges

Compare HDFC Sky vs Zerodha vs Nuvama Wealth on transaction charges and PCM fee by segment.

Transaction Charges - Compare HDFC Sky vs Zerodha vs Nuvama Wealth
Transaction Charges Compare HDFC Sky Zerodha Nuvama Wealth
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 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 hdfc-sky Complete Brokerage Plans for zerodha Complete Brokerage Plans for nuvama-wealth
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Account Features

Compare HDFC Sky vs Zerodha vs Nuvama Wealth on Account Features

Compare HDFC Sky vs Zerodha 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 Zerodha 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 Zerodha doesn't offers margin funding. NRI Trading - All 3 brokers offers NRI Trading.

Account Features - HDFC Sky vs Zerodha vs Nuvama Wealth
Account Features Compare HDFC Sky Zerodha Nuvama Wealth
3 in 1 Account Yes, HDFC Sky have 3-in-1 accounts. Bank Account, Demat and Trading account. No HDFC Sky have 2-in-1 account. Only Demate and Trading account. No Nuvama Wealth have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes Yes
Algo Trading No Yes Yes
SMS Alerts Yes No Yes
Online Demo Yes Yes Yes
Online Portfolio Yes Yes Yes
Margin Trading Funding Available Yes No Yes
Combined Ledger for Equity and Commodity Yes Yes No
Intraday Square-off Time 3:15PM 3:20 PM 3:15PM
NRI Trading Yes Yes Yes
Other Features NIL NIL NIL
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Trading Platform

Compare HDFC Sky vs Zerodha vs Nuvama Wealthon Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w HDFC Sky vs Zerodha 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 vs Zerodha vs Nuvama Wealth
Trading Platform Compare HDFC Sky Zerodha Nuvama Wealth
Desktop Trading Platform HDFC Sky NA Xtreme Trader
Desktop Demo Desktop Demo Info Not Available Desktop Demo
Desktop Platform (Windows) No No Yes
Desktop Platform (Mac) No No No
Web Trading Platform Yes Yes Yes
Web Trading Detail

https://hdfcsky.com/

Zerodha Kite Web

https://tlounge.edelweiss.in/Login

Web Trading Demo Web Trading Demo Web Trading Demo Info Not Available
Mobile Site Yes Yes Yes
Mobile Trading Yes Yes Yes
Mobile Trading App HDFC Sky App Zerodha Kite App Nuvama Mobile Trader
Mobile Trading App Demo HDFC Sky App Demo Zerodha Kite App Demo Nuvama Mobile Trader Demo
Android Mobile App Yes Yes Yes
Android App Download Andriod HDFC Sky App Download Andriod Zerodha Kite App Download Andriod Download
iPhone Mobile App (IOS) No Yes Yes
iOS App Download iOS HDFC Sky App Download iOS Zerodha Kite App Download iOS Nuvama Mobile Trader Download
Android Tablet App Yes Yes Yes
iPad App (IOS) Yes Yes Yes
Trading Software Charges Free Free Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for HDFC Sky Equity Intraday and Delivery Brokerage Calculator for Zerodha Equity Intraday and Delivery Brokerage Calculator for Nuvama Wealth
Futures Brokerage Calculator Futures Brokerage Calculator for HDFC Sky Futures Brokerage Calculator for Zerodha Futures Brokerage Calculator for Nuvama Wealth
Options Brokerage Calculator Options Brokerage Calculator for HDFC Sky Options Brokerage Calculator for Zerodha Options Brokerage Calculator for Nuvama Wealth
Detail Detail on Trading Platforms for hdfc-sky Detail on Trading Platforms for zerodha Detail on Trading Platforms for nuvama-wealth

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Broker Ratings by Users

Compare HDFC Sky vs Zerodha vs Nuvama Wealth on User Rating

  HDFC Sky Zerodha Nuvama Wealth
  97 Customer Reviews    Rate HDFC Sky 160 Customer Reviews    Rate Zerodha 4 Customer Reviews    Rate Nuvama Wealth
Fees Ratings
Trading Brokerage Rating
Trading Platform Usability
Customer Service Ratings
Overall Ratings
Broker Rating HDFC Sky is Rated 2.4 / 5 based on 97 customer reviews Zerodha is Rated 3.9 / 5 based on 160 customer reviews Nuvama Wealth is Rated 2.0 / 5 based on 4 customer reviews
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Investment Offerings

Compare HDFC Sky vs Zerodha vs Nuvama Wealth on Investment Offerings

Compare HDFC Sky vs Zerodha 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 Zerodha doesn't offers PMS facility.

Investment Offerings - Compare HDFC Sky vs Zerodha vs Nuvama Wealth
Investment Offerings Compare HDFC Sky Zerodha Nuvama Wealth
Equity Cash and F&O Yes Yes Yes
Currency Deravitives Yes Yes Yes
Commodity Yes Yes Yes
Online IPO Application Yes Yes No
Mutual Funds Yes Yes Yes
Bond / NCD Yes Yes Yes
ETF Yes Yes Yes
Banking Yes No No
Insurance No No Yes
Forex No No No
MF SIP Investment Yes Yes Yes
Equity SIP Investment Yes Yes Yes
PMS Service No No Yes
Other Investment Options NIL NIL
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Order Types

Compare HDFC Sky vs Zerodha vs Nuvama Wealth on Order Types

Order Type - Compare HDFC Sky vs Zerodha 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 provides Bracket Orders (BO) facility where Zerodha and Nuvama Wealth doesn't provides Bracket Orders. After Market Orders (AMO) - Zerodha and Nuvama Wealth AMO facility where HDFC Sky doesn't provides AMO. GTC Orders - HDFC Sky and Zerodha offers Good Till Cancelled (GTC) orders facility where Nuvama Wealth doesn't provides GTC.

Order Types - Compare HDFC Sky vs Zerodha vs Nuvama Wealth
Order Type Compare HDFC Sky Zerodha Nuvama Wealth
CNC order Yes Yes Yes
MIS order Yes Yes Yes
NRML order Yes Yes Yes
Cover order Yes Yes Yes
Bracket order Yes No No
AMO-After Market Orders No Yes Yes
GTC-Good Till Cancelled Yes Yes No
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Customer Service Offered

Compare HDFC Sky vs Zerodha vs Nuvama Wealth on Customer Service

Compare HDFC Sky vs Zerodha 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 Support - Compare HDFC Sky vs Zerodha vs Nuvama Wealth
Customer Service Compare HDFC Sky Zerodha Nuvama Wealth
24/7 Customer Service No No No
Email Support Yes Yes Yes
Onine Live Chat No No No
Phone Support Yes Yes Yes
Toll Free Number No No Yes
Through Branches Yes Yes Yes
Customer Care Number 1800 121 2109 "+ 91 80 4040 2020" 1800 102 3335
Account Opening Process Online Online/Paperless Online/Paperless
Customer Support Email [email protected] [email protected] [email protected]
Knowledge Center/Education https://hdfcsky.com/learn https://zerodha.com/varsity/ https://www.nuvamawealth.com/investology
Head Office Address LODHAI-I THINK TECHNO CAMPUS BLDG-ALPHA,
8 FLR, NEAR KANJURMARG RLYSTN,
KANJURMARG,
MUMBAI-MH-400042
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://hdfcsky.com/ https://zerodha.com/ https://www.nuvamawealth.com/
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Tips/Research/Reports Published

Compare HDFC Sky vs Zerodha vs Nuvama Wealth on Research Reports, Tips

Compare HDFC Sky vs Zerodha vs Nuvama Wealth on research reports and tips provided by broker.

Research Reports - Compare HDFC Sky vs Zerodha vs Nuvama Wealth
  HDFC Sky Zerodha Nuvama Wealth
Research Mutual Funds Yes No Yes
Research Equity Reports Yes No Yes
Research ETF Yes No Yes
Daily Market Report Yes No Yes
Free Tips Yes No Yes
Quarterly Result Analysis Yes No Yes
News Alerts Yes No Yes
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Demat Account

Compare HDFC Sky vs Zerodha vs Nuvama Wealth on Demat Account

Compare HDFC Sky vs Zerodha vs Nuvama Wealth on Demat Service and Charges. This section cover about demat charges, demat service and other details

Demat Charges - Compare HDFC Sky vs Zerodha vs Nuvama Wealth
  HDFC Sky Zerodha Nuvama Wealth
DP Source CDSL CDSL CDSL
DP ID CDSL: 1209 81600 19100
Demat Account Annual Maintenance Charges(AMC) ₹750 pa ₹300 pa 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/- Nil NIL
Statutory charges Nil ₹50 Nil
Transaction Charges on Debit (Per ISIN) 0.04% (Min ₹20) + CDSL charges ₹8 + ₹5.50 (CDSL Charges) per transaction 0.02% of transaction value or ₹20 per transaction whichever is higher
Demat ₹5 per certificate + ₹35 request charges ₹150 per certificate + ₹100 courier charges ₹2 per certificate + ₹30 courier charges
Remat ₹30 ₹150 per certificate + ₹100 courier charges + CDSL Charges ₹10 for every hundred securities after that ₹10 per request + ₹30 request charges
Pledge Creation Nil ₹20 + ₹12 CSDL charges 0.02% of transaction value (Min ₹50)
Pledge Creation Confirmation 0.04% of transaction value (Min ₹40) Nil Nil
Pledge Closure Nil ₹20 + ₹12 CSDL charges 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) ₹20 0.02% of transaction value (Min ₹50)
Failed Instruction Charges Nil ₹50 per instraction Nil
Other Charges Nil Nil Nil
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Special Offers,Advantages,Disadvantages

Compare HDFC Sky vs Zerodha vs Nuvama Wealth on Special Offers and Promotion

Compare HDFC Sky vs Zerodha vs Nuvama Wealth on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.

Compare HDFC Sky vs Zerodha vs Nuvama Wealth on Special Offers and Promotion
  HDFC Sky Zerodha Nuvama Wealth
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, 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 Instant to HDFC Bank. Max 24 hrs except for bank holidays Upto 24 Hrs except Bank Holidays.
Bank Supported and Charges Info Not Available Around 25 banks allow instant credit facility with charges of Rs 9 from zerodha trading platform (kite/PI). NA
Bank Detail Direct from your HDFC bank account. 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

Want to know why to trade with HDFC Sky, here are the promising reasons;

  • Instant paperless account opening
  • Zero account opening charges and no maintenance fee for 1st year
  • Invest in equity, F&O, currencies, and commodities
  • Invest in 2000+ mutual funds from 29+ fund houses
  • Lowest brokerage fee of Rs 20/order
  • Zero commission mutual fund investment.
  • Invest in expert-recommended mutual fund schemes.
  • Global market investment in US stocks and ETFs
  • Stacks: Expert-curated basket of US Stocks and ETFs
  • Trade on HDFC Sky app or web as per your convenience
  • Place advance orders like basket orders, bracket order, cover order, and GTT order.
  • Free research reports and daily trading calls or tips.
  • Learning platform for newbies to experts
  • No minimum balance commitments
  • No hidden charges

Detail Review...

You will enjoy many benefits or advantages while trading with Zerodha;

  • Rs 0 brokerage on investment in stocks
  • Flat Rs 20 intraday and F&O trades
  • Invest in direct mutual funds for free
  • Instant and paperless account opening and closure
  • Mainboard and SME IPO Apply via UPI
  • Modern platforms and apps for free of cost
  • Varsity, a free stock market learning platform
  • No upfront fee required
  • Advance orders; Basket order, Cover order (CO), After market order, GTT, etc.
  • Zero-level Debt Company.

Detail Review...

  • Multiple products; equity, derivatives, IPO, mutual funds, bonds, debt instruments.
  • Trade at Rs 10/order flat brokerage
  • Free Guided Portfolio, an expert-curated basket for investors
  • User-friendly interface of Markets mobile app and TX3 terminal
  • Get free expert research reports and trading tips.
  • Place bracket order, cover order, and GTD order.
  • Investology, is a stock market learning platform for beginners to experts.
  • Margin trading facility.
  • Decent physical presence with branches

Detail Review...

Dislikes
  • Delivery trading is not free while Zerodha offers free delivery trading
  • Desktop trading software is not available
  • Direct mutual funds are not offered.

Detail Review...

  • No intraday tips, equity research and advisory
  • No unlimited zero brokerage plan for intraday traders
  • No 3-in-1 account
  • Software glitches in Kite happens at certain times.
  • No Installable trading terminal
  • Zerodha has a separate platform for every investment product i.e., Kite for stocks, coin for mutual fund, Golden Pi for bonds, etc.

Detail Review...

  • NRI trading is not offered.
  • No 3-in-1 account opening services
  • Call & trade and research services are available at additional cost in Lite plan.
  • Brokerage charges are high in the Elite % based pricing plan.

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.
Enquire for HDFC Sky Enquire for Zerodha Enquire for Nuvama Wealth

Last Updated on 2023-11-09T03:39:28+00:00