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The brokerage of Zerodha ranges between Rs 20, the brokerage of SBICAP Securities ranges between .05 to 0.50%, while the brokerage of Nuvama Wealth ranges between Rs 10. The broker Zerodha and Nuvama Wealth are discount brokers where SBICAP Securities is a full service broker. Overall rating for Zerodha is 4.5, SBICAP Securities is rated 4, Nuvama Wealth is rated 3.5 out of 5.
Here we present side-by-side comparison of Zerodha vs SBICAP Securities 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 Zerodha vs SBICAP Securities 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 Zerodha vs SBICAP Securities vs Nuvama Wealth in this setion with 360 degree view of broker information.
 Zerodha |
 SBICAP Securities |
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| Broker Type | Discount Broker | Full Service Broker | Discount Broker |
| Exchanges Supported | NSE, BSE, MCX | NSE, BSE | BSE, NSE, MCX, NCDEX |
| Broker Overview | 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. | Open a Demat & Trading Account with India’s leading SBI bank-based full-service broker, SBI Securities. A comprehensive range of products, an integrated 3-in-1 account, easy-to-use mobile app and website, fundamental and technical research ... |
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 Zerodha vs SBICAP Securities vs Nuvama Wealth on trading & demat account opening charges and AMC. Trading account opening charges - Zerodha and Nuvama Wealth offer Free account opening where SBICAP Securities charges Rs 850 for account opeing. Demat AMC charges - Zerodha charges Rs 300 PA as AMC for Demat account, SBICAP Securities charges Rs 500 PA AMC for Demat account, where Nuvama Wealth charges Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year] AMC for Demat account.
| Charges | Zerodha | SBICAP Securities | Nuvama Wealth |
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| Trading Account Opening Fees | Free | Rs 850 | Free |
| Trading AMC | Free | Free | Free |
| Demat Account Opening Fees | Free | Free | Free |
| Demat AMC | Rs 300 PA | Rs 500 PA | Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year] |
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Plans are the most important feature you look when compare Zerodha vs SBICAP Securities vs Nuvama Wealth. This section copare on high level about type of plans offered by brokers. Miltiple Plans - Nuvama Wealth offers Multiple Plans where Zerodha and SBICAP Securities doesn't offer. Monthlay Plans - All 3 brokers don't have Monthy Plans.
| Plan Types | Zerodha | SBICAP Securities | Nuvama Wealth |
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| Zerodha | Zerodha | Nuvama Wealth | |
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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.
SBICAP Securities Brokerage Plan detail - This is a standard plan by SBI Securities. This is a fixed percentage-based brokerage plan. Brokerage is between .05% to .5%, which is 5 paisa to 50 paise.
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 | Zerodha | SBICAP Securities | Nuvama Wealth |
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| Plan Name | Max Rs 20 per order Trading Plan | Standard or default brokerage plan | Nuvama Lite |
| Equity Delivery | Free | 0.50% | Flat Rs. 10 per executed order |
| Equity Intraday | 0.03% or Rs 20 whichever is lower | 0.05% | Flat Rs. 10 per executed order |
| Equity Futures | 0.03% or Rs 20 whichever is lower | 0.05% | Flat Rs. 10 per executed order |
| Equity Options | Flat Fee Rs 20 | Rs 100 Per Lot | Flat Rs. 10 per executed order |
| Currency Futures | 0.03% or Rs 20 whichever is lower | 0.03% | Flat Rs. 10 per executed order |
| Currency Options | Flat Fee Rs 20 | Rs 30 Per Lot | Flat Rs. 10 per executed order |
| Commodity Trading | Flat Fee Rs 20 | Rs. 100 per lot | 0.01% |
| Minimum Brokerage | NIL | Rs 0.05 for Cash, Rs 0.01 Future | |
| Hidden Charges | No | Info Not Available | |
| Funding | Info Not Available | Yes - 24% interest PA | Yes - 24% interest PA |
| Call & Trade Charges | Rs 50 Per Executable Order | Free First 30 calls per month, after Rs 10 per call - Max 3 scripts can be trade per call. | Rs 20 per call |
| Auto Square off Charges | Rs 50 Per Executable Order | First Free 30 per month, after Rs 10 per square-off | Rs 20 |
| Brokerage Calculator | Brokerage Calculator for Zerodha | Brokerage Calculator for SBICAP Securities | Brokerage Calculator for Nuvama Wealth |
Compare Zerodha vs SBICAP Securities vs Nuvama Wealth on transaction charges and PCM fee by segment.
| Transaction Charges Compare | Zerodha | SBICAP Securities | 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 360 Per Cr | Agri: Rs 275 Per Cr | NA | Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr |
| Brokerage Charges | Complete Brokerage Plans for zerodha | Complete Brokerage Plans for sbicap-securities | Complete Brokerage Plans for nuvama-wealth |
Compare Zerodha vs SBICAP Securities vs Nuvama Wealth on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - SBICAP Securities offers 3-in-1 Account where Zerodha and Nuvama Wealth offers only 2-in-1 account which includes trading and demat account. Margin Funding - Nuvama Wealth offers margin funding where Zerodha and SBICAP Securities doesn't offers margin funding. NRI Trading - All 3 brokers offers NRI Trading.
| Account Features Compare | Zerodha | SBICAP Securities | Nuvama Wealth |
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| Intraday Square-off Time | 3:20 PM | 3:15PM | 3:15PM |
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| Other Features | NIL | Trading software terminal: ODIN Diet | NIL |
With our expert research team, we have compared all the major features of Trading platform b/w Zerodha vs SBICAP Securities 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.
| Zerodha | SBICAP Securities | Nuvama Wealth | ||
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160 Customer Reviews
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78 Customer Reviews
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4 Customer Reviews
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| Broker Rating | Zerodha is Rated 3.9 / 5 based on 160 customer reviews | SBICAP Securities is Rated 2.7 / 5 based on 78 customer reviews | Nuvama Wealth is Rated 2.0 / 5 based on 4 customer reviews |
Compare Zerodha vs SBICAP Securities 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 - Zerodha and Nuvama Wealth offers Commodity Trading where SBICAP Securities doesn't 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 Zerodha and SBICAP Securities doesn't offers PMS facility.
| Investment Offerings Compare | Zerodha | SBICAP Securities | Nuvama Wealth |
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| Other Investment Options | NIL | NIL | NIL |
Order Type - Compare Zerodha vs SBICAP Securities 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) - SBICAP Securities provides Bracket Orders (BO) facility where Zerodha and 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 - Zerodha and SBICAP Securities offers Good Till Cancelled (GTC) orders facility where Nuvama Wealth doesn't provides GTC.
| Order Type Compare | Zerodha | SBICAP Securities | Nuvama Wealth |
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Compare Zerodha vs SBICAP Securities 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 | Zerodha | SBICAP Securities | Nuvama Wealth |
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| Customer Care Number | "+ 91 80 4040 2020" | 022 6854 5555 | 1800 102 3335 |
| Account Opening Process | Online/Paperless | Offline | Online/Paperless |
| Customer Support Email | [email protected] | [email protected] | [email protected] |
| Knowledge Center/Education | https://zerodha.com/varsity/ | https://www.sbismart.com/education | https://www.nuvamawealth.com/investology |
| Head Office Address | Zerodha Headquater #153/154 4th Cross Dollars Colony, Opp. Clarence Public School, J.P Nagar 4th Phase, Bangalore - 560078 |
SBICAP SECURITIES LTD., A&B WING, MARATHON FUTUREX 12TH FLOOR, N.M.JOSHI MARG LOWER PAREL, MUMBAI - 400013 |
Edelweiss House, Off CST Road, Kalina, Mumbai - 400098 |
| Website | https://zerodha.com/ | https://www.sbismart.com | https://www.nuvamawealth.com/ |
Compare Zerodha vs SBICAP Securities vs Nuvama Wealth on research reports and tips provided by broker.
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Compare Zerodha vs SBICAP Securities vs Nuvama Wealth on Demat Service and Charges. This section cover about demat charges, demat service and other details
| Zerodha | SBICAP Securities | Nuvama Wealth | |
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| DP Source | CDSL | CDSL | CDSL |
| DP ID | 81600 | 19300 | 19100 |
| Demat Account Annual Maintenance Charges(AMC) | ₹300 pa | ₹500 | Free (₹1500 one time charges) |
| Advance Deposit | Nil | 0 for all | NIL |
| Statutory charges | ₹50 | Nil | Nil |
| Transaction Charges on Debit (Per ISIN) | ₹8 + ₹5.50 (CDSL Charges) per transaction | 0.01% of the transaction value (Min ₹21 and Max ₹300) | 0.02% of transaction value or ₹20 per transaction whichever is higher |
| Demat | ₹150 per certificate + ₹100 courier charges | ₹5 per certificate + ₹35 courier charges | ₹2 per certificate + ₹30 courier charges |
| Remat | ₹150 per certificate + ₹100 courier charges + CDSL Charges | ₹35 per certificate + CDSL Charges | ₹10 for every hundred securities after that ₹10 per request + ₹30 request charges |
| Pledge Creation | ₹20 + ₹12 CSDL charges | 0.02% of transaction value or Min ₹25 whichever is higher + CSDL charges | 0.02% of transaction value (Min ₹50) |
| Pledge Creation Confirmation | Nil | 0.02% of transaction value or Min ₹25 whichever is higher + CSDL charges | Nil |
| Pledge Closure | ₹20 + ₹12 CSDL charges | 0.02% of transaction value or Min ₹25 whichever is higher + CSDL charges | 0.02% of transaction value (Min ₹50) |
| Pledge Closure Confirmation | Nil | 0.02% of transaction value or Min ₹25 whichever is higher + CSDL charges | Nil |
| Pledge Invocation | ₹20 | 0.02% of transaction value or Min ₹25 whichever is higher + CSDL charges | 0.02% of transaction value (Min ₹50) |
| Failed Instruction Charges | ₹50 per instraction | ₹10 | Nil |
| Other Charges | Nil | Nil | Nil |
Compare Zerodha vs SBICAP Securities vs Nuvama Wealth on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.
| Zerodha | SBICAP Securities | 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 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 SBISmart Mobile, SBISMART XPRESS Desktop and SBISMART Web application. 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 | Max 24 hrs except for bank holidays | Upto 24 Hrs except Bank Holidays. | Upto 24 Hrs except Bank Holidays. |
| Bank Supported and Charges | Around 25 banks allow instant credit facility with charges of Rs 9 from zerodha trading platform (kite/PI). | Direct to SBI Bank. | NA |
| Bank Detail | HDFC Bank Account#ZERNSE Branch: Sandoz Branch, Mumbai IFSC Code:HDFC0000240 |
Direct to SBI bank account | Nuvama Wealth, Account Number:EBL1XXXXXXXXX Bank and Branch: CitiBank, Mumbai Account Type: Current Account IFSC Code: CITI0100000 |
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You will enjoy many benefits or advantages while trading with Zerodha;
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| 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 Zerodha | Enquire for SBICAP Securities | Enquire for Nuvama Wealth |
Last Updated on 2024-07-02T01:41:09+00:00
