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The brokerage of Nuvama Wealth ranges between Rs 10, the brokerage of Motilal Oswal ranges between 0.02 to 0.20%, while the brokerage of Zerodha ranges between Rs 20. The broker Nuvama Wealth and Zerodha are discount brokers where Motilal Oswal is a full service broker. Overall rating for Nuvama Wealth is 3.5, Motilal Oswal is rated 4, Zerodha is rated 4.5 out of 5.
Here we present side-by-side comparison of Nuvama Wealth vs Motilal Oswal vs Zerodha stock brokers in India. The comparison is based on more than 100+ attributes for each stock broker. To be precise, we have compared Nuvama Wealth vs Motilal Oswal vs Zerodha 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 Nuvama Wealth vs Motilal Oswal vs Zerodha in this setion with 360 degree view of broker information.
 Nuvama Wealth |
 Motilal Oswal |
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| Broker Type | Discount Broker | Full Service Broker | Discount Broker |
| Exchanges Supported | BSE, NSE, MCX, NCDEX | BSE, NSE, MCX, NCDEX | NSE, BSE, MCX |
| Broker Overview | 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...  |
Extensive range of asset classes, award-winning research, personalized advisory services, great customer service, and dedicated MO Trader and MO Investor app are the key reasons that make Motilal Oswal an excellent broker for traders and investors. | 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. |
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In this section we have compared Nuvama Wealth vs Motilal Oswal vs Zerodha on trading & demat account opening charges and AMC. Trading account opening charges - All 3 brokers offers Free Trading account opening. Demat AMC charges - Nuvama Wealth charges Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year] as AMC for Demat account, Motilal Oswal charges Rs 400 per annum [Free for 1st year] AMC for Demat account, where Zerodha charges Rs 300 PA AMC for Demat account.
| Charges | Nuvama Wealth | Motilal Oswal | Zerodha |
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| Trading Account Opening Fees | Free | Free | Free |
| Trading AMC | Free | Free | Free |
| Demat Account Opening Fees | Free | Free | Free |
| Demat AMC | Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year] | Rs 400 per annum [Free for 1st year] | Rs 300 PA |
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Plans are the most important feature you look when compare Nuvama Wealth vs Motilal Oswal vs Zerodha. This section copare on high level about type of plans offered by brokers. Miltiple Plans - Nuvama Wealth offers Multiple Plans where Motilal Oswal and Zerodha doesn't offer. Monthlay Plans - All 3 brokers don't have Monthy Plans.
| Plan Types | Nuvama Wealth | Motilal Oswal | Zerodha |
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| Zerodha | Zerodha | Nuvama Wealth | |
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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.
Motilal Oswal Brokerage Plan detail - The default brokerage plan charges a fixed percentage of brokerage on trading in stocks, derivatives, commodities, and currency 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.
| Brokerage Charges Compare | Nuvama Wealth | Motilal Oswal | Zerodha |
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| Plan Name | Nuvama Lite | Default Brokerage Plan | Max Rs 20 per order Trading Plan |
| Equity Delivery | Flat Rs. 10 per executed order | 0.20% | Free |
| Equity Intraday | Flat Rs. 10 per executed order | 0.02% | 0.03% or Rs 20 whichever is lower |
| Equity Futures | Flat Rs. 10 per executed order | 0.02% | 0.03% or Rs 20 whichever is lower |
| Equity Options | Flat Rs. 10 per executed order | Rs 20 per lot | Flat Fee Rs 20 |
| Currency Futures | Flat Rs. 10 per executed order | Rs 20 per lot | 0.03% or Rs 20 whichever is lower |
| Currency Options | Flat Rs. 10 per executed order | Rs 20 per lot | Flat Fee Rs 20 |
| Commodity Trading | 0.01% | Futures: 0.02%| Options: Rs 200 Per Lot | Flat Fee Rs 20 |
| Minimum Brokerage | NIL | ||
| Hidden Charges | Info Not Available | No | |
| Call & Trade Charges | Rs 20 per call | NA | Rs 50 Per Executable Order |
| Auto Square off Charges | Rs 20 | NA | Rs 50 Per Executable Order |
| Brokerage Calculator | Brokerage Calculator for Nuvama Wealth | Brokerage Calculator for Motilal Oswal | Brokerage Calculator for Zerodha |
Compare Nuvama Wealth vs Motilal Oswal vs Zerodha on transaction charges and PCM fee by segment.
| Transaction Charges Compare | Nuvama Wealth | Motilal Oswal | Zerodha |
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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 260 Per Cr | Agri: Rs 175 Per Cr | Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr |
| Brokerage Charges | Complete Brokerage Plans for nuvama-wealth | Complete Brokerage Plans for motilal-oswal | Complete Brokerage Plans for zerodha |
Compare Nuvama Wealth vs Motilal Oswal vs Zerodha on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - All 3 brokers offers 2-in-1 account which includes trading and demat account. Margin Funding - Nuvama Wealth and Motilal Oswal offers margin funding where Zerodha doesn't offers margin funding. NRI Trading - All 3 brokers offers NRI Trading.
| Account Features Compare | Nuvama Wealth | Motilal Oswal | Zerodha |
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| 3 in 1 Account | |
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| Intraday Square-off Time | 3:15PM | 3:15PM | 3:20 PM |
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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 Nuvama Wealth vs Motilal Oswal vs Zerodha. 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.
| Nuvama Wealth | Motilal Oswal | Zerodha | ||
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20 Customer Reviews
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57 Customer Reviews
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160 Customer Reviews
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| Broker Rating | Nuvama Wealth is Rated 0.4 / 5 based on 20 customer reviews | Motilal Oswal is Rated 3.0 / 5 based on 57 customer reviews | Zerodha is Rated 3.9 / 5 based on 160 customer reviews |
Compare Nuvama Wealth vs Motilal Oswal vs Zerodha 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 and Motilal Oswal offers PMS facility where Zerodha doesn't offers PMS facility.
| Investment Offerings Compare | Nuvama Wealth | Motilal Oswal | Zerodha |
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| Other Investment Options | NIL | NIL | NIL |
Order Type - Compare Nuvama Wealth vs Motilal Oswal vs Zerodha 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 doesn't have Cover Orders (CO) facility. Bracket Orders (BO) - All 3 brokers doesn't have Bracket Orders (BO) facility. After-market Orders (AMO) - All 3 brokers offers AMO facility. The orders are send to exchange on the next trading day. GTC Orders - Motilal Oswal and Zerodha offers Good Till Cancelled (GTC) orders facility where Nuvama Wealth doesn't provides GTC.
| Order Type Compare | Nuvama Wealth | Motilal Oswal | Zerodha |
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Compare Nuvama Wealth vs Motilal Oswal vs Zerodha 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 | Nuvama Wealth | Motilal Oswal | Zerodha |
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| Customer Care Number | 1800 102 3335 | 022 40548000/022 67490600 | "+ 91 80 4040 2020" |
| Account Opening Process | Online/Paperless | Online/Paperless | Online/Paperless |
| Customer Support Email | [email protected] | [email protected] | [email protected] |
| Knowledge Center/Education | https://www.nuvamawealth.com/investology | https://edumo.motilaloswal.com/ | https://zerodha.com/varsity/ |
| Head Office Address | Edelweiss House, Off CST Road, Kalina, Mumbai - 400098 |
Motilal Oswal Tower, Rahimtullah Sayani Road, Opposite Parel ST Depot, Prabhadevi, Mumbai-400025 |
Zerodha Headquater #153/154 4th Cross Dollars Colony, Opp. Clarence Public School, J.P Nagar 4th Phase, Bangalore - 560078 |
| Website | https://www.nuvamawealth.com/ | https://www.motilaloswal.com/ | https://zerodha.com/ |
Compare Nuvama Wealth vs Motilal Oswal vs Zerodha on research reports and tips provided by broker.
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Compare Nuvama Wealth vs Motilal Oswal vs Zerodha on Demat Service and Charges. This section cover about demat charges, demat service and other details
| Nuvama Wealth | Motilal Oswal | Zerodha | |
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| DP Source | CDSL | CDSL | CDSL |
| DP ID | 32300 | 10900 | 81600 |
| Demat Account Annual Maintenance Charges(AMC) | Free (₹1500 one time charges) | ₹400 pa | ₹300 pa |
| Advance Deposit | NIL | NIL | Nil |
| Statutory charges | Nil | Nil | ₹50 |
| Transaction Charges on Debit (Per ISIN) | 0.02% of transaction value or ₹20 per transaction whichever is higher | 0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges) | ₹8 + ₹5.50 (CDSL Charges) per transaction |
| Demat | ₹2 per certificate + ₹30 courier charges | ₹50 per certificate + ₹50 courier charges | ₹150 per certificate + ₹100 courier charges |
| Remat | ₹10 for every hundred securities after that ₹10 per request + ₹30 request charges | ₹35 for every hundred securities or ₹35 per certificate (whichever is higher) + ₹25 courier charges | ₹150 per certificate + ₹100 courier charges + CDSL Charges |
| Pledge Creation | 0.02% of transaction value (Min ₹50) | ₹35 | ₹20 + ₹12 CSDL charges |
| Pledge Creation Confirmation | Nil | Nil | Nil |
| Pledge Closure | 0.02% of transaction value (Min ₹50) | ₹35 | ₹20 + ₹12 CSDL charges |
| Pledge Closure Confirmation | Nil | Nil | Nil |
| Pledge Invocation | 0.02% of transaction value (Min ₹50) | ₹35 | ₹20 |
| Failed Instruction Charges | Nil | Nil | ₹50 per instraction |
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Compare Nuvama Wealth vs Motilal Oswal vs Zerodha on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.
| Nuvama Wealth | Motilal Oswal | Zerodha | |
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There are enormous benefits or advantages of trading with Motilal Oswal. Here are the reasons that make it a good fit for both traders and investors;
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You will enjoy many benefits or advantages while trading with Zerodha;
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There are some drawbacks or disadvantages that might discourage you to not opening an account with Motilal Oswal. Here are some important trading cons;
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| Special Offers/Promo | Free Demat AMC (Client need to opt for 3,000 Value Pack (prepaid brokerage) or Open the A/c with above 25,000 margin) | 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 Nuvama Wealth | Enquire for Motilal Oswal | Enquire for Zerodha |
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