Nuvama vs Sharekhan – Compare Charges, Trading Features, Offers & More

Overview — Nuvama vs. Sharekhan

Nuvama is listed as a Private Full Service established in 2008 with headquarters in Ahmedabad and founded by Rashesh Shah. The broker highlights access to equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures through mobile app access, web trading, desktop terminal access and algo trading support and promotes features such as watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and global indices tracking. It follows a Lite Plan brokerage structure.

Sharekhan is listed as a Private Discount Broker established in 2000 with headquarters in Mumbai and founded by Mukesh meena Dayalpura. It offers equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures using mobile app access, web trading and desktop terminal access and supports traders with features such as watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and customised recommendations. Its brokerage model is structured as Freedom Pricing.

Both brokers use technology-driven platforms to attract active traders and investors, but the better option depends on the combination of pricing, products, services, and support that matters most to you.

Brokerage charges comparison — Nuvama vs. Sharekhan

Brokerage is the primary cost to compare when choosing a broker. Below is a segment-by-segment breakdown for Nuvama and Sharekhan.

Equity delivery: This charge applies to buy-and-hold stock positions held beyond one trading session. Nuvama charges Rs.10 per Trade or 0.01% (whichever is low) while Sharekhan charges 0.30% of Transaction Value or 1 paisa per share (whichever is higher).

Equity intraday: This charge applies to buy-sell positions closed within the same trading day. Nuvama charges Rs.10 per Trade or 0.01% (whichever is Low) while Sharekhan charges 0.02% of Transaction Value or 1 paisa per share (whichever is higher).

Equity futures: This charge applies to futures contracts on stocks and indices. Nuvama charges Rs.10 per Trade while Sharekhan charges 0.03% of Transaction Value.

Equity options: This charge applies to equity option contracts. Nuvama charges Rs.10 per Trade while Sharekhan charges Rs.30 per Lot.

Commodity futures: This charge covers commodities such as gold, silver, and crude oil. Nuvama charges N/A ; Sharekhan charges 0.03% of Transaction Value.

Commodity options: This charge applies to option contracts on commodity instruments. Nuvama charges N/A ; Sharekhan charges Rs.75 per Lot.

Currency futures: This charge allows participation in forex price movements on the exchange. Nuvama charges Rs.10 executed order while Sharekhan charges 0.03% of Transaction Value.

Currency options: This charge enables traders to hedge or speculate on currency fluctuations. Nuvama charges Rs.10 per Trade while Sharekhan charges Rs.20 per Lot.

Trading platforms comparison — Nuvama vs. Sharekhan

Nuvama provides mobile app access, web trading, desktop terminal access and algo trading support for order placement, portfolio tracking, and market monitoring. Sharekhan provides mobile app access, web trading and desktop terminal access for its users.

• Android app: Nuvama and Sharekhan both list an Android trading app.

• iOS app: Nuvama and Sharekhan both list an iOS trading app.

• Web trading platform: Nuvama and Sharekhan both list a web trading platform.

• Desktop trading terminal: Nuvama and Sharekhan both list a desktop trading terminal.

• Algo trading: Nuvama lists algo trading support, while Sharekhan does not currently mention it.

• Basket trading: Sharekhan lists basket trading, while Nuvama does not currently mention it.

• Foreign stocks platform: Neither broker currently highlights foreign stocks access.

• Mutual fund platform: Nuvama and Sharekhan both list a mutual fund investment platform.

• Digital gold platform: Neither broker currently highlights digital gold investing.

• Bonds platform: Neither broker currently highlights a bonds investment platform.

Nuvama vs. Sharekhan — Comparison of trading features

Nuvama highlights trading features including watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and global indices tracking, while Sharekhan promotes watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and customised recommendations. The table below shows the full feature set for both brokers side by side.

• Wishlist: Monitor specific stocks or assets by adding them to a watchlist for close tracking. Both Nuvama and Sharekhan offer this feature.

• Real time updates: Get timely updates on market trends, stock prices, and other market data. Both Nuvama and Sharekhan offer this feature.

• Portfolio details: A detailed snapshot of all investments — stocks, bonds, and commodities — in one place. Both Nuvama and Sharekhan offer this feature.

• Online mf buy: Buy or sell mutual funds directly from the trading platform or mobile application. Both Nuvama and Sharekhan offer this feature.

• Research reports: A comprehensive overview of different stocks and sectors in the stock market. Both Nuvama and Sharekhan offer this feature.

• Global indices: Real-time data on leading global stock market indices. Nuvama offers this; Sharekhan does not currently highlight it.

• Customised recommendations: Personalised investment suggestions based on your objectives and behaviour patterns. Both Nuvama and Sharekhan offer this feature.

• Stock tips: Valuable tips on stocks to buy, hold, or sell based on market trends. Both Nuvama and Sharekhan offer this feature.

• Interactive charts: Visual price movement charts to help analyse when to buy or sell. Both Nuvama and Sharekhan offer this feature.

• Live market: Live updates on market movements and trends. Both Nuvama and Sharekhan offer this feature.

• Multi profile management: Manage multiple trading profiles from a single account. Sharekhan offers this; Nuvama does not currently highlight it.

• Secure platform: A secure trading environment with next-generation security controls. Both Nuvama and Sharekhan offer this feature.

Nuvama vs. Sharekhan — Comparison of offers

Stockbrokers use promotional offers to attract and retain clients. Below is a side-by-side comparison of the offers currently listed by Nuvama and Sharekhan.

• Free account opening: Nuvama and Sharekhan both list free account opening.

• Free AMC: Nuvama and Sharekhan both list free Demat AMC.

• Free brokerage: Neither broker currently highlights free brokerage.

• Flat brokerage: Nuvama lists flat brokerage pricing, while Sharekhan does not currently mention it.

• Flexible brokerage plans: Nuvama and Sharekhan both list flexible brokerage plans.

• Happy trading hours: Neither broker currently highlights happy trading hours.

• Free delivery trading: Neither broker currently highlights free delivery trading.

• Free intraday trading: Neither broker currently highlights free intraday trading.

• Free F&O trading: Neither broker currently highlights free F&O trading.

• Free research reports: Nuvama lists free research reports, while Sharekhan does not currently mention it.

• Free trading calls: Sharekhan lists free trading calls, while Nuvama does not currently mention it.

• Zero brokerage for loss trades: Neither broker currently highlights zero brokerage for loss-making trades.

• Referral offers: Nuvama offers Upto Rs.1,000 per referral while Sharekhan offers Upto Rs.400 per Client for referrals.

Offered products comparison — Sharekhan vs. Nuvama

Product availability determines whether a broker can support your preferred markets. Nuvama highlights equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures, while Sharekhan highlights equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and currency futures.

The table below compares the full product lineup side by side across equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options, currency futures, currency options, mutual funds and insurance.

• Demat services: Nuvama and Sharekhan both list Demat services.

• Trading services: Nuvama and Sharekhan both list trading services.

• Intraday services: Nuvama and Sharekhan both list intraday trading services.

• F&O services: Nuvama and Sharekhan both list F&O services.

• IPO services: Nuvama and Sharekhan both list IPO services.

• 3-in-1 account: Neither broker currently highlights 3-in-1 account support.

• Stock research: Nuvama and Sharekhan both list stock research.

• Stock recommendations: Nuvama and Sharekhan both list stock recommendations.

• Trading education: Nuvama and Sharekhan both list trading education.

• Share pledging: Nuvama and Sharekhan both list share pledging.

• PMS or PCG: Neither broker currently highlights PMS or PCG support.

• NRI services: Sharekhan lists NRI services, while Nuvama does not currently mention it.

Offered services comparison — Nuvama vs. Sharekhan

Nuvama provides Demat services, trading services, intraday trading, F&O trading, IPO access and stock research, while Sharekhan offers Demat services, trading services, intraday trading, F&O trading, IPO access and stock research.

Stock advisory service comparison — Nuvama vs. Sharekhan

Stock advisory helps investors choose appropriate stocks through research reports, tips, and market reviews. The table below shows which advisory products are available from Nuvama and Sharekhan.

Exposure comparison — Nuvama vs. Sharekhan

Margin exposure allows traders to manage larger positions with less capital. Below is a comparison of the margin available from Nuvama and Sharekhan across different segments.

Comparison of programs — Nuvama vs. Sharekhan

Nuvama and Sharekhan both list a sub-broker program. Nuvama and Sharekhan both list a partner program. Nuvama and Sharekhan both list a referral program.

Customer support comparison — Nuvama vs. Sharekhan

Nuvama provides support through trading desk support, dedicated dealer assistance, call support, email support and website support. Sharekhan provides support through trading desk support, dedicated dealer assistance, call support, email support and WhatsApp support. Sharekhan operates - branches.

Ratings — Nuvama vs. Sharekhan

Both brokers have been evaluated across key parameters to help investors make an informed comparison. Nuvama carries an overall rating of 8.41 / 10, while Sharekhan carries an overall rating of 9.06 / 10.

Complaints — Nuvama vs. Sharekhan

SEBI, BSE, and NSE regularly publish broker complaint data as part of investor protection oversight. The table below shows the complaint records for both brokers.

Transaction charges comparison — Nuvama vs. Sharekhan

Transaction charges are levied by the stockbroker for executing each trade. Below is a segment-wise comparison for Nuvama and Sharekhan.

Pledge charges comparison — Nuvama vs. Sharekhan

Pledge creation charges apply when traders borrow against their held securities. Pledge invocation charges apply if the pledged shares are sold due to a shortfall. Margin trading interest is the rate charged on borrowed funds.

Hidden charges comparison — Nuvama vs. Sharekhan

Beyond brokerage, several statutory and operational charges apply. These include SEBI turnover fees, DP charges, GST, account closure, reactivation, dematerialisation, and call & trade charges.

Compare Demat charges — Nuvama vs Sharekhan

Nuvama lists account opening charges of Free and Demat AMC of Rs.500 (Free for first year). Sharekhan lists account opening charges of Free and Demat AMC of Free (1st Year).

Nuvama vs Sharekhan — Compare STT & CTT

Securities Transaction Tax (STT) and Commodity Transaction Tax (CTT) are government levies — the same for all brokers in India. These are shown below for reference.

Compare stamp duty — Nuvama and Sharekhan

Stamp duty is a government tax charged when the broker issues, sells, or transfers a security. It is collected at the end of each trading day.

User experience: buying stocks