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Sharekhan Vs Nuvama (Edelweiss) (Compare Sharekhan and Nuvama (Edelweiss))

Sharekhan Logo

About Sharekhan
Designed for the Serious and established in 2000, Sharekhan is a full-service stock broking firm that is also considered as one of the pioneers in retail online broking and digital investments in India. It offers online trading and investing services for brokerage through its online trading platforms: Website (www.sharekhan.com), TradeTiger (desktop trading software), the Sharekhan app and the InvesTiger app (both available for Android and iOS devices). Designed for serious Investors and Trader... Know more about Sharekhan

Nuvama Wealth & Investment Limited Logo

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... Know more about Nuvama Wealth & Investment Limited

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Sharekhan Vs Nuvama (Edelweiss)

Incorporated in 2000, Sharekhan is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 2800 branches across India. Incorporated in 2002, Nuvama (Edelweiss) is a Full Service Broker. It offers trading at BSE, NSE, MCX, NCDEX. It has 237 branches across India.

  Sharekhan Nuvama (Edelweiss)
Type of Broker Full Service Broker Full Service Broker
Exchnage Membership BSE, NSE, MCX BSE, NSE, MCX, NCDEX
Year of Incorporation 2000 2002
Number of Branches 2800 237
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Sharekhan Vs Nuvama (Edelweiss) Charges & AMC

Sharekhan trading account opening charges is Rs 0 (Free) while Nuvama (Edelweiss) account opening changes is Rs 0 (Free). Sharekhan Demat Account AMC Charges is Rs 400 (Free for 1st year) and Nuvama (Edelweiss) Demat Account AMC Charges is Rs 500 (1st Year Free).

  Sharekhan Nuvama (Edelweiss)
Trading Account Opening Charges Rs 0 (Free) Rs 0 (Free)
Trading Account AMC Charges Rs 0 (Free) Rs 0
Demat Account Opening Charges Rs 0 (Free) Rs 0 (Free)
Demat Account AMC Charges Rs 400 (Free for 1st year) Rs 500 (1st Year Free)

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Sharekhan Vs Nuvama (Edelweiss) Brokerage

Sharekhan brokerage charges for equity is 0.30% on market rate or minimum 1 paisa per share and intraday is 0.02% on market rate or minimum 1 paisa per share whereas Nuvama (Edelweiss) brokerage charges for equity is Rs 10 per executed order and intraday is Rs 10 per executed order.

Account Type Sharekhan Classic Account Nuvama (Edelweiss) Nuvama Lite
Fixed Charges NA
Equity Delivery 0.30% on market rate or minimum 1 paisa per share Rs 10 per executed order
Equity Intraday 0.02% on market rate or minimum 1 paisa per share Rs 10 per executed order
Equity Futures 0.02% per transaction value Rs 10 per executed order
Equity Options Rs 20 per lot Rs 10 per executed order
Currency Futures 0.02% per transaction value Rs 10 per executed order
Currency Options Rs 5 per lot Rs 10 per executed order
Commodity Futures 0.02%
Commodity Options Rs 20 per lot
Special Offer

Zerodha (Flat Rs 20 Per Trade)

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.

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.

Sharekhan Vs Nuvama (Edelweiss) Brokerage Plan 2

  Sharekhan Nuvama (Edelweiss)
Account Type Prepaid - Rs 1 Lakh Nuvama Elite
Fixed Charges Rs 1,00,000 per year
Equity Delivery 0.10% 0.30%
Equity Intraday 0.015% 0.03%
Equity Futures 0.015% 0.03%
Equity Options 0.05% or Rs 63 per lot Rs 75 per lot
Currency Futures 0.02%
Currency Options Rs 20 per lot
Commodity Futures
Commodity Options
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Sharekhan Vs Nuvama (Edelweiss) Brokerage Plan 3

  Sharekhan Nuvama (Edelweiss)
Account Type Margin - Rs 1 Lakh Nuvama Lite
Fixed Charges Rs 1,00,000 margin NA
Equity Delivery 0.25% Rs 10 per executed order
Equity Intraday 0.05% Rs 10 per executed order
Equity Futures 0.05% Rs 10 per executed order
Equity Options 1% or Rs 70 per lot Rs 10 per executed order
Currency Futures Rs 10 per executed order
Currency Options Rs 10 per executed order
Commodity Futures
Commodity Options
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Sharekhan Charges Vs Nuvama (Edelweiss)

Minimum Brokerage Intraday: 5 paisa per share | Delivery: 10 paisa per share | Future Rs 0.001 per share 0.03% Equity delivery, 0.01% Intra-day and Futures
Other Charges Margin Funding: 0.08%/day, Research: Rs 50 per month,
Call & Trade Charges Rs 20 Rs 20 per call

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Sharekhan Vs Nuvama (Edelweiss) Transaction Charges

Sharekhan transaction charges for options is NSE Rs 5050 per Cr (0.0505%) (on premium) while Nuvama (Edelweiss) exchange transaction charges for options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium).

  Sharekhan Nuvama (Edelweiss)
Equity Delivery NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (each side) NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (each side)
Equity Intraday NSE Rs 335 per Cr (0.00335%) | BSE Rs 375 per Cr (0.00375%) (sell side) NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (sell side)
Equity Futures NSE Rs 200 per Cr (0.002%) | BSE Rs 0 NSE Rs 190 per Cr (0.0019%) | BSE Rs 0
Equity Options NSE Rs 5050 per Cr (0.0505%) (on premium) NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium)
Currency Futures NSE Rs 95 per Cr (0.00095%) NSE Rs 90 per Cr (0.0009%) | BSE Rs 90 per Cr (0.0009%)
Currency Options NSE Rs 3700 per Cr (0.037%) (on premium) NSE Rs 4000 per Cr (0.04%) | BSE Rs 100 per Cr (0.001%) (on premium)
Commodity Futures: 0.0026% (MCX) | Black Pepper: Rs. 0.05 Castor Seed: Rs 0.5 Kapas: Rs 0.5, Options: 0.05%
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Sharekhan Vs Nuvama (Edelweiss) Leverage (Margin)

Sharekhan margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Nuvama (Edelweiss) margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

  Sharekhan Nuvama (Edelweiss)
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)
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Compare Sharekhan and Nuvama (Edelweiss) Features

The trading platforms offered Sharekhan include TradeTiger, Sharekhan Mobile. Nuvama (Edelweiss) offers Edelweiss.in Web, Mobile Trader, Xtreme Trader (terminal), Nuvama Xpress trading software.

  Sharekhan Nuvama (Edelweiss)
3 in 1 Account No No
Charting Yes Yes
Automated Trading No No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Yes Yes
Margin Against Shares (Equity Cash) Yes Yes
Margin Against Shares (Equity F&O) Yes
Trading Platform TradeTiger, Sharekhan Mobile Edelweiss.in Web, Mobile Trader, Xtreme Trader (terminal), Nuvama Xpress
Intraday Square-off Time 3:30 PM 3:00 PM
Trading In SME Shares Allowed?
Referral Program
Other Features Pattern finder, Class room training
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Sharekhan Vs Nuvama (Edelweiss) Review

Sharekhan is rated 3.3 of 5 based on 312 customer reviews whereas Nuvama (Edelweiss) is rated 2.9 of 5 based on 76 customer reviews.

  Sharekhan Nuvama (Edelweiss)
  312 Customer Reviews    Rate Sharekhan 76 Customer Reviews    Rate Nuvama (Edelweiss)
Fees 3.0 3.0
Brokerage 2.8 3.1
Trading Platform 3.7 3.4
Customer Service 3.3 2.7
Research Capabilities 3.1 2.9
Overall Ratings Rated 3.3 stars Rated 2.9 stars
Broker Rating Sharekhan is rated 3.3 of 5 based on 312 customer reviews Nuvama (Edelweiss) is rated 2.9 of 5 based on 76 customer reviews

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Contact Broker / Request A Call Back

  Sharekhan Enquire Nuvama (Edelweiss) Enquire
Contact Broker 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. Trade @ flat Rs 10 per order + FREE Trading Tips + Rs 0 Account Opening Fee. Open a Free Demat Account in just 15 Minutes.

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Sharekhan Vs Nuvama (Edelweiss) Investment Options

  Sharekhan Nuvama (Edelweiss)
Stock / Equity Yes Yes
Commodity Yes Yes
Currency Yes Yes
IPO Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes Yes
Debt Yes Yes
Other Investment Options Loans, NRI Trading

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Sharekhan Vs Nuvama (Edelweiss) Order Type Offered

  Sharekhan Nuvama (Edelweiss)
Bracket Order Yes No
Cover Order Yes Yes
Buy Today Sell Tomorrow (BTST) Yes Yes
Sell Today Buy Tomorrow (STBT) No Yes
After Market Order(AMO) Yes Yes
Good Till Cancelled (GTC) Yes No
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Sharekhan Vs Nuvama (Edelweiss) Research Report

  Sharekhan Nuvama (Edelweiss)
Daily Market Report Yes Yes
Free Tips Yes Yes
Quarterly Result Analysis Yes Yes
News Alerts Yes Yes

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Sharekhan Vs Nuvama (Edelweiss) Suitable For Investor Type

  Sharekhan Nuvama (Edelweiss)
Casual Investor Yes
Active Investor Yes Yes
Trader Yes

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Sharekhan Vs Nuvama (Edelweiss) - Pros and Cons

  Sharekhan Nuvama (Edelweiss)
Pros
  1. Sharekhan offers different trading platforms to suit customer requirements. This includes online browser-based trading, an Installable terminal, mobile, call-n-trade and in-person trade through branch offices.
  2. It offers different brokerage slabs to suit individual customers. Higher your trade your brokerage gets reduced. They have multiple brokerage schemas available to them.
  3. Sharekhan offers online and classroom training, seminars and workshops to investors.
  4. Sharekhan doesn't charge for Online Funds Transfer from a bank account and Funds Pay-out to a bank account.
  5. Sharekhan doesn't charge for DP transactions. Share transfer from and to the DP account is free.
  6. Sharekhan has an India-wide network of branches. You can surely find a Sharekhan in your neighbourhood.
  7. Call & Trade facility is free with Sharekhan.
  8. Sharekhan allows fixed deposits as collateral for future and option trading.
  1. Full-service broker offering discount brokerage plan.
  2. Trade at flat Rs 10 per executed order across all segments in Nuvama Lite Plan.
  3. Instant online account opening: Open your Investing & Trading account in less than 15 minutes.
  4. Offer commodity trading on the same trading platform.
  5. Free research and trading tips call to all the customers.
  6. Online IPO application.
Cons
  1. Sharekhan doesn't offer 3-in-1 accounts as they don't provide banking services.
  2. Classic account holders cannot trade Commodities, as the segment has to be activated separately.
  3. As a full-service broker that provides Customer Support and assistance via RMs, their charges are basis a percentage of the Securities being traded and not a flat fee.
  1. The bracket orders are not available.
  2. Good Till canceled orders are not available.
  3. Higher minimum brokerage: 3 paise per share in delivery, 1 paisa per share on Intraday and Futures
  4. Call & Trade is available at an additional cost of Rs 20 per call.
Reviews
Promo / Offers

Zerodha (India's Best & No. 1 Broker)

  Special Offer - Free Equity Delivery and Mutual Funds

  • Brokerage-free equity delivery trades.
  • Brokerage-free Direct Mutual Fund.
  • Pay ₹20 per trade for Intraday & F&O.
  • The best trading platform in India.

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Nuvama (Edelweiss) Special Offer

Trade @ Rs 10 per order + FREE Trading Tips + Rs 0 Account Opening (for limited time only)

  • Flat Rs 10 per trade across all segments.
  • FREE Research and Trading Tips.
  • Margin against share and Margin Funding available.

It is a limited-time offer. Open FREE Nuvama Account online in just 15 Minutes.

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