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About Nuvama (Edelweiss)
Incorporated in 2008, Nuvama Wealth & Investment Limited (formerly Edelweiss Broking Ltd.) is a Mumbai, India-based full-service stockbroking firm.
The Retail Broking business of Nuvama offers facilities to invest & trade in all major asset classes: Equity, Debt, Mutual Funds, IPOs, Currency Derivatives, commodities, and Futures & Options.
Nuvama offers investment advice backed by research and analysis to its customers across asset classes, trading styles and time horizons. Nuvama has the best... 
About AxisDirect
Incorporated in 2005, Axis Securities Ltd is part of Axis Bank, a leading private bank in India. Axis Sec is a full-service broker offering stock broking services and distribution of financial products to retail customers in India through its AxisDirect brand. AxisDirect is among top 10 stock brokers in India with over 4.2 lakhs active customers.
AxisDirect offers investment in Equities, Mutual Fund, SIP, IPO, Derivatives, Bond, NCD, ETF and Company Fixed Deposits. Axis Sec also offers Home Loa...
Incorporated in 2002, Nuvama (Edelweiss) is a Full Service Broker. It offers trading at BSE, NSE, MCX, NCDEX. It has 237 branches across India. Incorporated in 2006, AxisDirect is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 56 branches across India.
| Nuvama (Edelweiss) | AxisDirect | |
|---|---|---|
| Type of Broker | Full Service Broker | Full Service Broker |
| Exchnage Membership | BSE, NSE, MCX, NCDEX | BSE, NSE, MCX |
| Year of Incorporation | 2002 | 2006 |
| Number of Branches | 237 | 56 |
| Open Nuvama (Edelweiss) Account |
Nuvama (Edelweiss) trading account opening charges is Rs 0 (Free) while AxisDirect account opening changes is Rs 900. Nuvama (Edelweiss) Demat Account AMC Charges is Rs 500 (1st Year Free) and AxisDirect Demat Account AMC Charges is Rs 650.
| Nuvama (Edelweiss) | AxisDirect | |
|---|---|---|
| Trading Account Opening Charges | Rs 0 (Free) | Rs 900 |
| Trading Account AMC Charges | Rs 0 | Rs 0 |
| Demat Account Opening Charges | Rs 0 (Free) | Rs 0 |
| Demat Account AMC Charges | Rs 500 (1st Year Free) | Rs 650 |
Nuvama (Edelweiss) brokerage charges for equity is Rs 10 per executed order and intraday is Rs 10 per executed order whereas AxisDirect brokerage charges for equity is 0.50% and intraday is 0.05%.
| Account Type | Nuvama (Edelweiss) Nuvama Lite | AxisDirect Standard Brokerage Plan |
|---|---|---|
| Fixed Charges | NA | NA |
| Equity Delivery | Rs 10 per executed order | 0.50% |
| Equity Intraday | Rs 10 per executed order | 0.05% |
| Equity Futures | Rs 10 per executed order | 0.05% |
| Equity Options | Rs 10 per executed order | Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot |
| Currency Futures | Rs 10 per executed order | 0.05% |
| Currency Options | Rs 10 per executed order | Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per l |
| Commodity Futures | 0.03% | |
| Commodity Options | Rs 50 per lot | |
| Special Offer | Special Offer: Trade @ flat Rs 10 per order + FREE Trading Tips + Rs 0 Account Opening Fee. Open a Free Demat Account in just 15 Minutes. |
Zerodha (Trade with the best stock broker) Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today. |
| Nuvama (Edelweiss) | AxisDirect | |
|---|---|---|
| Account Type | Nuvama Elite | Standard Brokerage Plan |
| Fixed Charges | NA | |
| Equity Delivery | 0.30% | 0.50% |
| Equity Intraday | 0.03% | 0.05% |
| Equity Futures | 0.03% | 0.05% |
| Equity Options | Rs 75 per lot | Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot |
| Currency Futures | 0.02% | 0.05% |
| Currency Options | Rs 20 per lot | Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per l |
| Commodity Futures | 0.03% | |
| Commodity Options | Rs 50 per lot | |
| Open Nuvama (Edelweiss) Account |
| Minimum Brokerage | 0.03% Equity delivery, 0.01% Intra-day and Futures | Rs 20 per trade |
| Other Charges | Margin Funding: 0.08%/day, Research: Rs 50 per month, | |
| Call & Trade Charges | Rs 20 per call | Rs 20 per call |
Nuvama (Edelweiss) transaction charges for options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 5000 per Cr (0.05%) (on premium) while AxisDirect exchange transaction charges for options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 300 per Cr (0.003%) (on premium).
| Nuvama (Edelweiss) | AxisDirect | |
|---|---|---|
| Equity Delivery | NSE Rs 325 per Cr (0.00325%) | BSE Rs 275 per Cr (0.00275%) (each side) | NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side) |
| Equity Intraday | NSE Rs 325 per Cr (0.00325%) | BSE Rs 275 per Cr (0.00275%) (each side) | NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side) |
| Equity Futures | NSE Rs 190 per Cr (0.0019%) | BSE Rs 190 per Cr (0.0019%) (each side) | NSE Rs 190 per Cr (0.0019%) | BSE Rs 300 per Cr (0.003%) (each side) |
| Equity Options | NSE Rs 5000 per Cr (0.05%) | BSE Rs 5000 per Cr (0.05%) (on premium) | NSE Rs 5000 per Cr (0.05%) | BSE Rs 300 per Cr (0.003%) (on premium) |
| Currency Futures | NSE Rs 115 per Cr (0.00115%) | BSE Rs 115 per Cr (0.00115%) | Rs 190 per Cr (0.0019%) |
| Currency Options | Rs 4000 per Cr (0.04%) (on premium) | Rs 5000 per Cr (0.05%) (on premium) |
| Commodity | ||
| Open Nuvama (Edelweiss) Account |
Nuvama (Edelweiss) margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the AxisDirect margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.
| Nuvama (Edelweiss) | AxisDirect | |
|---|---|---|
| Equity Delivery | 100% of trade value (1x leverage) | 100% of trade value (1x leverage) |
| Equity Intraday | Up to 20% of trade value (5x leverage) | Up to 20% of trade value (5x leverage) |
| F&O (Eq, Curr, Comm) | 100% of NRML margin (Span + Exposure) (1x leverage) | 100% of NRML margin (Span + Exposure) (1x leverage) |
| Open Nuvama (Edelweiss) Account |
The trading platforms offered Nuvama (Edelweiss) include Edelweiss.in Web, Mobile Trader, Xtreme Trader (terminal), Nuvama Xpress. AxisDirect offers DirectTrade, Axisdirect Web, Axisdirect Mobile trading software.
| Nuvama (Edelweiss) | AxisDirect | |
|---|---|---|
| 3 in 1 Account |  |
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| SMS Alerts | |
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| Online Demo | |
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| Online Portfolio | |
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| Margin Against Shares (Equity F&O) | |
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| Trading Platform | Edelweiss.in Web, Mobile Trader, Xtreme Trader (terminal), Nuvama Xpress | DirectTrade, Axisdirect Web, Axisdirect Mobile |
| Intraday Square-off Time | 3:00 PM | 3:15 |
| Trading In SME Shares Allowed? | ||
| Referral Program | |
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| Other Features | ||
| Open Nuvama (Edelweiss) Account |
Nuvama (Edelweiss) is rated 2.9 of 5 based on 76 customer reviews whereas AxisDirect is rated 2.0 of 5 based on 85 customer reviews.
| Nuvama (Edelweiss) | AxisDirect | |
|---|---|---|
76 Customer Reviews  |
85 Customer Reviews |
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| Broker Rating | Nuvama (Edelweiss) is rated 2.9 of 5 based on 76 customer reviews | AxisDirect is rated 2.0 of 5 based on 85 customer reviews |
| Nuvama (Edelweiss) Enquire | AxisDirect Enquire | |
|---|---|---|
| Contact Broker | Trade @ flat Rs 10 per order + FREE Trading Tips + Rs 0 Account Opening Fee. Open a Free Demat Account in just 15 Minutes. | Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today. |
| Nuvama (Edelweiss) | AxisDirect | |
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| Other Investment Options | Loans, ETF, Corporate FD |
| Nuvama (Edelweiss) | AxisDirect | |
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| Bracket Order | |
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| Cover Order | |
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| Buy Today Sell Tomorrow (BTST) | |
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| Sell Today Buy Tomorrow (STBT) | |
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| After Market Order(AMO) | |
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| Good Till Cancelled (GTC) | |
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| Open Nuvama (Edelweiss) Account |
| Nuvama (Edelweiss) | AxisDirect | |
|---|---|---|
| Daily Market Report | |
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| Free Tips | |
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| Quarterly Result Analysis | |
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| News Alerts | |
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| Nuvama (Edelweiss) | AxisDirect | |
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| Nuvama (Edelweiss) | AxisDirect | |
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| Promo / Offers | Nuvama (Edelweiss) Special OfferTrade @ Rs 10 per order + FREE Trading Tips + Rs 0 Account Opening (for limited time only)
It is a limited-time offer. Open FREE Nuvama Account online in just 15 Minutes. |
Zerodha (India's Best & No. 1 Broker)Special Offer - Free Equity Delivery and Mutual Funds
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| Open Nuvama (Edelweiss) Account |
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