Upstox vs Nuvama – Compare Charges, Trading Features, Offers & more

Find a Comparison of Upstox vs Nuvama here. You can compare their brokerage, demat accounts, trading platforms, offers, products & services, support, complaints & more.

This comparison will help you decide which broker is best for you. So, let us go through a detailed comparison of Upstox and Nuvama.

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Upstox vs Nuvama – Company Overview

Company Overview Upstox Nuvama
Company Type Private Private
Headquarters Mumbai Ahmedabad
Founder Raghu Kumar, Ravi Kumar & Shrinivas Vishvanath Rashesh Shah
Establishment Year 2011 2008

Compare the Brokerage of Upstox and Nuvama

Brokerage Upstox Nuvama
Brokerage Plan Standard Plan Lite Plan
Subscription Charges Zero Zero
Equity Delivery Rs.20 per Trade or 2.5%, whichever is low Rs.10 per Trade or 0.01% (whichever is low)
Equity Intraday Rs.20 per Trade or 0.05% (whichever is low) Rs.10 per Trade or 0.01% (whichever is Low)
Equity Future Rs.20 per Trade or 0.05% (whichever is low) Rs.10 per Trade
Equity Option Rs.20 per Trade Rs.10 per Trade
Commodity Future Rs.20 per Trade or 0.05% (whichever is low) NA
Commodity Option Rs.20 per Trade NA
Currency Future Rs.20 per Trade or 0.05% (whichever is low) Rs.10 executed order
Currency Option Rs.20 per Trade Rs.10 per Trade

Upstox vs Nuvama – Trading Platforms

Trading Platforms Upstox Nuvama
Android App Upstox Android App Link Nuvama Android App Link
iOS App Upstox iOS App Link Nuvama iOS App Link
Web Trading Platform Upstox Web Trading Link Nuvama Web Trading Link
Trading Terminal NA Available
Algo Trading Platform Available Available
Foreign Stocks Trading Platform NA NA
Basket Trading Platform Available NA
Mutual Fund Investment Platform Available Available
Digital Gold Investment Platform NA NA
Bonds Investment Platform NA NA

Comparison of Upstox and Nuvama – Trading Features

Trading Features Upstox Nuvama
Wishlist Yes Yes
Real Time Updates Yes Yes
Portfolio Details Yes Yes
Online MF Buy Yes Yes
Research Reports No Yes, chargeable
Global indices No Yes
Customised Recommendations No Yes
Stock tips No Yes
Interactive charts Yes Yes
Live market Yes Yes
Multi Profile Management No No
Robust & Secure Platform Yes Yes

Compare Upstox vs Nuvama Offers

Offers Upstox Nuvama
Free Account Opening Yes Yes
Free AMC No Yes
Free Brokerage No No
Flat Brokerage Yes Yes, Limited
Flexible Brokerage Plans No Yes
Happy Trading Hours No No
Free Delivery Trading No No
Free Intraday Trading No No
Free F&O Trading No No
Free Research Reports No Yes
Free Trading calls No No
Referral Offers Upto Rs.700 per Client Upto Rs.1,000 per referral
Margin Funding / Pledging Yes Yes
Brokerage Cashback No No
Zero Brokerage for Loss Making Trades No No

Upstox vs Nuvama – Products Provided

Products Provided Upstox Nuvama
Equity Delivery Yes Yes
Equity Intraday Yes Yes
Equity Option Yes Yes
Equity Future Yes Yes
Commodity Option Yes Yes
Commodity Future Yes Yes
Currency Option Yes Yes
Currency Future Yes Yes
Foreign Stocks No No
Mutual Funds Yes Yes
Banking No No
Insurance No Yes
Corporate Bonds No No
Govt. Bonds No No
Digital Gold No No

Upstox vs Nuvama – Services Provided

Services Provided Upstox Nuvama
Demat Services Yes Yes
Trading Services Yes Yes
Intraday Services Yes Yes
F&O Services Yes Yes
IPO Services Yes Yes
3 in 1 Account No No
Stock Research No Yes
Stock Recommendations No Yes
Trading Institution Yes, UpLearn Yes, Investology
Share Pledging Yes Yes
PMS or PCG No No
NRI Services No No

Compare Upstox and Nuvama Advisory

Advisory Upstox Nuvama
Fundamental Reports Yes Yes
Research Reports No Yes, chargeable
Company Reports No Yes
Annual Reports No Yes
IPO Reports Yes Yes
Technical Reports No Yes
Stock Tips No Yes
Daily Top Stock Picks No Yes
Daily Market Review No Yes
Monthly Review No Yes
Weekly Review No Yes
Relationship Manager No Yes
Robo Advisory No No

Comparison of Upstox and Nuvama Exposure

Exposure Upstox Nuvama
Equity Delivery 1x 1x
Equity Intraday Upto 5x (Depends on Stocks) Upto 5x (Depends on Stocks)
Equity F&O Carry Forward 1x 1x
Equity F&O Intraday 1.3x 1.3x
Commodity F&O Carry Forward 1x 1x
Commodity F&O Intraday 1.3x 1.3x
Currency F&O 1x 1x

Compare Programs of Upstox & Nuvama

Programs Upstox Nuvama
Sub Broker Program Yes, Limited Yes
Partner Program Yes Yes
Referral Program Yes Yes

Upstox vs Nuvama – Ratings by Finec

Ratings Upstox Nuvama
Overall Rating 9.80 / 10 8.41 / 10
Customer Support 9.76 / 10 8.38 / 10
Technology 9.92 / 10 8.51 / 10
Charges 9.84 / 10 8.45 / 10
Products & Service 9.74 / 10 8.36 / 10
Experience 9.72 / 10 8.34 / 10

Compare Customer Support of Upstox and Nuvama

Customer Support Upstox Nuvama
Trading Support Available, Chargeable Available, Chargeable
Dedicated Dealer Available, Chargeable Available, Chargeable
Call Support 022-41792999 022-66203030
Email Support [email protected] [email protected]
Whatsapp Support NA NA
Website Support Website Link Website Link
Facebook Support Facebook Support Link Facebook Support Link
Twitter Support Twitter Support Link Twitter Support Link
Telegram Support Telegram Support Link NA
Branches / Offices NA NA

Comparison of Upstox & Nuvama Complaints

Complaints Upstox Nuvama
Total Complaints Lodged 299 117
Total Complaints Resolved 258 102
% of Resolved Complaints 86.29% 87.18%
Non Actionable Complaints 28 7
% of Non Actionable Complaints 9.36% 5.98%

Compare Demat Charges of Upstox vs Nuvama

Demat Charges Upstox Nuvama
Account Opening Charges Free Free
Annual Maintenance Charges (AMC) Rs.150 per Year + GST Rs.500 (Free for first year)

Upstox vs Nuvama – Compare STT & CTT

STT & CTT Upstox Nuvama
Equity Delivery 0.1% on buy & sell 0.1% on buy & sell
Equity Intraday 0.025% on sell 0.025% on sell
Equity Future 0.0125% on sell 0.0125% on sell
Equity Option 0.0625% on sell (on premium) 0.0625% on sell (on premium)
Commodity Future 0.01% on sell (Non-Agri) 0.01% on sell (Non-Agri)
Commodity Option 0.05% on sell 0.05% on sell
Currency Future Nil Nil
Currency Option Nil Nil

Compare Stamp Duty of Upstox and Nuvama

Stamp Duty Upstox Nuvama
Equity Delivery 0.015% on buy 0.015% on buy
Equity Intraday 0.003% on buy 0.003% on buy
Equity Future 0.002% on buy 0.002% on buy
Equity Option 0.003% on buy 0.003% on buy
Commodity Future 0.002% on buy 0.002% on buy
Commodity Option 0.003% on buy 0.003% on buy
Currency Future 0.0001% on buy 0.0001% on buy
Currency Option 0.0001% on buy 0.0001% on buy

Upstox vs Nuvama – Transaction Charges

Transaction Charges Upstox Nuvama
Equity Delivery 0.00325% (NSE) & 0.00375% (BSE) 0.00335% (NSE) & As per Stock (BSE)
Equity Intraday 0.00325% (NSE) & 0.00375% (BSE) 0.00335% (NSE) & As per Stock (BSE)
Equity Future 0.0019% (NSE & BSE) 0.002% (NSE & BSE)
Equity Option 0.05% (on premium) 0.053% (on premium)
Commodity Future 0.0021% (Non-Agri) / 0.006% (Agri) / 0.0005% (Special) 0.0021% (Non-Agri) / 0.006% (Agri) / 0.0005% (Special)
Commodity Option 0.05% (Non Agri) 0.05% (Non Agri)
Currency Future 0.0009% (NSE) & 0.00022% (BSE) NA
Currency Option 0.035% (NSE) & 0.001% (BSE) NA

Compare Pledge Charges of Upstox & Nuvama

Pledge Charges Upstox Nuvama
Pledge Creation Charges Rs.50 per Request Rs.7 per Request
Pledge Invocation Charges Rs.50 per Request Rs.7 per Request
Interest on Margin Trading 0.048% per day 0.05% per day

Comparison of Upstox and Nuvama – Hidden Charge

Hidden Charge Upstox Nuvama
SEBI Turnover Charges Rs.10/ Crore (All Segment) Rs.10/ Crore (All Segment)
DP Charges Rs.18.5 per Scrip only on Sell Rs.20 per Scrip
GST 18% on (Brokerage + SEBI + Transaction charges) 18% on (Brokerage + SEBI + Transaction charges)
Account Closure Charges Free Rs.150
Reactivation Charges Free Rs.100
Dematerialisation Charges Rs.20 per Certificate Rs.18 per Certificate
Call & Trade Charges Rs.50 + 18% GST per Trade Rs.20 per Trade

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