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AxisDirect Vs Nuvama Wealth Vs HDFC Sky: Which one is better?

The brokerage of AxisDirect ranges between 0.05% to 0.5%, the brokerage of Nuvama Wealth ranges between Rs 10, while the brokerage of HDFC Sky ranges between Rs 20. The broker Nuvama Wealth and HDFC Sky are a discount brokers where AxisDirect is a full service broker. Overall rating for AxisDirect is 3.5, Nuvama Wealth is rated 3.5, HDFC Sky is rated 4 out of 5.

Here we present side-by-side comparison of AxisDirect vs Nuvama Wealth vs HDFC Sky stock brokers in India. The comparison is based on more than 100+ attributes for each stock broker. To be precise, we have compared AxisDirect vs Nuvama Wealth vs HDFC Sky 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 AxisDirect vs Nuvama Wealth vs HDFC Sky in this setion with 360 degree view of broker information.

Compare AxisDirect vs Nuvama Wealth vs HDFC Sky on Service

  AxisDirect Compare
AxisDirect
Nuvama Wealth Compare
Nuvama Wealth
HDFC Sky Compare
HDFC Sky
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type Full Service Broker Discount Broker Discount Broker
Exchanges Supported NSE, BSE BSE, NSE, MCX, NCDEX NSE, BSE, MCX
Broker Overview Axis Direct is a leading player in the retail broking space. The 3-in-1 account with Axis Direct is a single platform to trade in different asset classes, access innovative Ring powerful-technology trading platform, quality research calls & advis... Know more about AxisDirect 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...Know more about Nuvama Wealth HDFC Sky is the only bank-based discount stock broker in India. Free demat and trading account opening, Rs 20/order maximum brokerage charges across all segments, simple yet elegant user interface enabled HDFC Sky mobile app, and free research & advi... Know more about HDFC Sky
Broker Enquiry Request call back from Zerodha Request call back from Nuvama Wealth Request call back from Zerodha
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Account Opening Charges and AMC

Compare AxisDirect vs Nuvama Wealth vs HDFC Sky on Trading & Demat Account Opening Charges

In this section we have compared AxisDirect vs Nuvama Wealth vs HDFC Sky on trading & demat account opening charges and AMC. Trading account opening charges - Nuvama Wealth and HDFC Sky offer Free account opening where AxisDirect charges Rs 999 for account opeing. Demat AMC charges - AxisDirect charges Rs 750 PA (Free for 1st year) as AMC for Demat account, Nuvama Wealth charges Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year] AMC for Demat account, where HDFC Sky charges Rs 240 PA (Free for 1st year) AMC for Demat account.

Trading & Demat Account Opening Charges - Compare AxisDirect vs Nuvama Wealth vs HDFC Sky
Charges AxisDirect Nuvama Wealth HDFC Sky
Trading Account Opening Fees Rs 999 Free Free
Trading AMC Free Free Free
Demat Account Opening Fees Free Free Free
Demat AMC Rs 750 PA (Free for 1st year) Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year] Rs 240 PA (Free for 1st year)
Provide DP Service Yes Yes Yes
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About Brokerage Plans

Compare AxisDirect vs Nuvama Wealth vs HDFC Sky on Plan Options

Plans are the most important feature you look when compare AxisDirect vs Nuvama Wealth vs HDFC Sky. This section copare on high level about type of plans offered by brokers. Miltiple Plans - AxisDirect and Nuvama Wealth offers Multiple Plans where HDFC Sky doesn't offer. Monthlay Plans - All 3 brokers don't have Monthy Plans.

Compare AxisDirect vs Nuvama Wealth vs HDFC Sky on Plan Options
Plan Types AxisDirect Nuvama Wealth HDFC Sky
Multiple Plans Yes Yes No
Monthly Plans No No No
Yearly Plans No No No
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Account Opening Request

Account Opening

  Zerodha Nuvama Wealth Zerodha
Account Opening Request
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Brokerage Charges

Compare AxisDirect vs Nuvama Wealth vs HDFC Skyon Brokerage Charges

AxisDirect Brokerage Plan detail - Axis Direct has a fixed % based brokerage plan that charge a fixed brokerage fee on trading across segments.

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.

HDFC Sky Brokerage Plan detail - HDFC Sky follows a fixed pricing model that charges a maximum of Rs 20 per order brokerage fee across segments.

Brokerage Charges - Compare AxisDirect vs Nuvama Wealth vs HDFC Sky
Brokerage Charges Compare AxisDirect Nuvama Wealth HDFC Sky
Plan Name Fixed Brokerage Trading Plan (Percentage Based) Nuvama Lite Fixed pricing model
Equity Delivery 0.50% (Each leg) Flat Rs. 10 per executed order 0.1% or Rs 20 whichever is lower
Equity Intraday 0.05% (Each leg) Flat Rs. 10 per executed order 0.1% or Rs 20 whichever is lower
Equity Futures 0.05% (Each leg) Flat Rs. 10 per executed order 0.1% or Rs 20 whichever is lower
Equity Options Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 per lot Flat Rs. 10 per executed order Flat Fee Rs 20
Currency Futures 0.05% (Each Leg) Flat Rs. 10 per executed order 0.1% or Rs 20 whichever is lower
Currency Options Intraday: Rs 0.01 per lot | Carry Forward: Rs 10 p Flat Rs. 10 per executed order Flat Fee Rs 20
Commodity Trading Futures: 0.03% (Each leg)| Options: Rs. 50 per lot 0.01% Flat Fee Rs 20
Minimum Brokerage
Hidden Charges No Info Not Available
Call & Trade Charges Free 20 calls per month, and after Rs. 20 per order Rs 20 per call Rs 20 per call
Auto Square off Charges 20 calls Free and after that Rs 20 per call Rs 20 0.1% or Rs 20 whichever is lower
Brokerage Calculator Brokerage Calculator for AxisDirect Brokerage Calculator for Nuvama Wealth Brokerage Calculator for HDFC Sky
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Share Broker's Transaction Charges

Compare AxisDirect vs Nuvama Wealth vs HDFC Sky on Transaction Charges

Compare AxisDirect vs Nuvama Wealth vs HDFC Sky on transaction charges and PCM fee by segment.

Transaction Charges - Compare AxisDirect vs Nuvama Wealth vs HDFC Sky
Transaction Charges Compare AxisDirect Nuvama Wealth HDFC Sky
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 260 Per Cr | Agri: Rs 175 Per Cr NA
Brokerage Charges Complete Brokerage Plans for axisdirect Complete Brokerage Plans for nuvama-wealth Complete Brokerage Plans for hdfc-sky
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Account Features

Compare AxisDirect vs Nuvama Wealth vs HDFC Sky on Account Features

Compare AxisDirect vs Nuvama Wealth vs HDFC Sky on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - AxisDirect and HDFC Sky offers 3-in-1 Account where Nuvama Wealth offers only 2-in-1 account which includes trading and demat account. Margin Funding -All 3 brokers offers Margin funding. Interest need to be paid on borrowed money. NRI Trading - All 3 brokers offers NRI Trading.

Account Features - AxisDirect vs Nuvama Wealth vs HDFC Sky
Account Features Compare AxisDirect Nuvama Wealth HDFC Sky
3 in 1 Account Yes, AxisDirect have 3-in-1 accounts. Bank Account, Demat and Trading account. No AxisDirect have 2-in-1 account. Only Demate and Trading account. Yes, HDFC Sky have 3-in-1 accounts. Bank Account, Demat and Trading account.
Charting Yes Yes Yes
Algo Trading No Yes No
SMS Alerts Yes Yes Yes
Online Demo Yes Yes Yes
Online Portfolio Yes Yes Yes
Margin Trading Funding Available Yes Yes Yes
Combined Ledger for Equity and Commodity Yes No Yes
Intraday Square-off Time 2:45 PM 3:15PM 3:15PM
NRI Trading Yes Yes Yes
Other Features NIL NIL NIL
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Trading Platform

Compare AxisDirect vs Nuvama Wealth vs HDFC Skyon Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w AxisDirect vs Nuvama Wealth vs HDFC Sky. 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.

Trading Platform - Compare AxisDirect vs Nuvama Wealth vs HDFC Sky
Trading Platform Compare AxisDirect Nuvama Wealth HDFC Sky
Web Trading Platform Yes Yes Yes
Web Trading Detail

https://login.axisdirect.in/

https://tlounge.edelweiss.in/Login

https://hdfcsky.com/

Web Trading Demo Web Trading Demo Web Trading Demo Web Trading Demo
Mobile Trading Yes Yes Yes
Mobile Trading App AxisDirect Ring Mobile App Nuvama Mobile Trader HDFC Sky App
Mobile Trading App Demo AxisDirect Ring Mobile App Demo Nuvama Mobile Trader Demo HDFC Sky App Demo
Android Mobile App Yes Yes Yes
Android App Download Andriod AxisDirect Ring Mobile App Download Andriod Nuvama Mobile Trader Download Andriod Download
iPhone Mobile App (IOS) Yes Yes No
iOS App Download iOS AxisDirect Ring Mobile App Download iOS Nuvama Mobile Trader Download iOS HDFC Sky App Download
Android Tablet App Yes Yes Yes
iPad App (IOS) Yes Yes Yes
Trading Software Charges Yes, DirectTrade - Rs 2999 PA Free Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for AxisDirect Equity Intraday and Delivery Brokerage Calculator for Nuvama Wealth Equity Intraday and Delivery Brokerage Calculator for HDFC Sky
Futures Brokerage Calculator Futures Brokerage Calculator for AxisDirect Futures Brokerage Calculator for Nuvama Wealth Futures Brokerage Calculator for HDFC Sky
Options Brokerage Calculator Options Brokerage Calculator for AxisDirect Options Brokerage Calculator for Nuvama Wealth Options Brokerage Calculator for HDFC Sky
Detail Detail on Trading Platforms for axisdirect Detail on Trading Platforms for nuvama-wealth Detail on Trading Platforms for hdfc-sky

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Broker Ratings by Users

Compare AxisDirect vs Nuvama Wealth vs HDFC Sky on User Rating

  AxisDirect Nuvama Wealth HDFC Sky
  20 Customer Reviews    Rate AxisDirect 20 Customer Reviews    Rate Nuvama Wealth 97 Customer Reviews    Rate HDFC Sky
Fees Ratings
Trading Brokerage Rating
Trading Platform Usability
Customer Service Ratings
Overall Ratings
Broker Rating AxisDirect is Rated 0.7 / 5 based on 20 customer reviews Nuvama Wealth is Rated 0.4 / 5 based on 20 customer reviews HDFC Sky is Rated 2.4 / 5 based on 97 customer reviews
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Investment Offerings

Compare AxisDirect vs Nuvama Wealth vs HDFC Sky on Investment Offerings

Compare AxisDirect vs Nuvama Wealth vs HDFC Sky 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 - All 3 brokers 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 AxisDirect and HDFC Sky doesn't offers PMS facility.

Investment Offerings - Compare AxisDirect vs Nuvama Wealth vs HDFC Sky
Investment Offerings Compare AxisDirect Nuvama Wealth HDFC Sky
Equity Cash and F&O Yes Yes Yes
Currency Deravitives Yes Yes Yes
Commodity Yes Yes Yes
Online IPO Application Yes No Yes
Mutual Funds Yes Yes Yes
Bond / NCD Yes Yes Yes
ETF Yes Yes Yes
Banking Yes No Yes
Insurance Yes Yes No
Forex No No No
MF SIP Investment Yes Yes Yes
Equity SIP Investment Yes Yes Yes
PMS Service No Yes No
Other Investment Options NIL NIL
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Customer Service Offered

Compare AxisDirect vs Nuvama Wealth vs HDFC Sky on Customer Service

Compare AxisDirect vs Nuvama Wealth vs HDFC Sky 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 Support - Compare AxisDirect vs Nuvama Wealth vs HDFC Sky
Customer Service Compare AxisDirect Nuvama Wealth HDFC Sky
24/7 Customer Service No No No
Email Support Yes Yes Yes
Onine Live Chat Yes No No
Phone Support Yes Yes Yes
Toll Free Number Yes Yes No
Through Branches Yes Yes Yes
Customer Care Number 022-61480808 1800 102 3335 1800 121 2109
Account Opening Process Online Online/Paperless Online
Customer Support Email [email protected] [email protected] [email protected]
Knowledge Center/Education https://simplehai.axisdirect.in/learn/overview https://www.nuvamawealth.com/investology https://hdfcsky.com/learn
Head Office Address Unit No. 2, Phoenix Market City,
15, LBS Road,
Near Kamani Junction,
Kurla (West),
Mumbai- 400 070.
Edelweiss House,
Off CST Road,
Kalina,
Mumbai - 400098
LODHAI-I THINK TECHNO CAMPUS BLDG-ALPHA,
8 FLR, NEAR KANJURMARG RLYSTN,
KANJURMARG,
MUMBAI-MH-400042
Website https://simplehai.axisdirect.in https://www.nuvamawealth.com/ https://hdfcsky.com/
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Tips/Research/Reports Published

Compare AxisDirect vs Nuvama Wealth vs HDFC Sky on Research Reports, Tips

Compare AxisDirect vs Nuvama Wealth vs HDFC Sky on research reports and tips provided by broker.

Research Reports - Compare AxisDirect vs Nuvama Wealth vs HDFC Sky
  AxisDirect Nuvama Wealth HDFC Sky
Research Mutual Funds Yes Yes Yes
Research Equity Reports Yes Yes Yes
Research ETF Yes Yes Yes
Daily Market Report Yes Yes Yes
Free Tips Yes Yes Yes
Quarterly Result Analysis Yes Yes Yes
News Alerts Yes Yes Yes
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Demat Account

Compare AxisDirect vs Nuvama Wealth vs HDFC Sky on Demat Account

Compare AxisDirect vs Nuvama Wealth vs HDFC Sky on Demat Service and Charges. This section cover about demat charges, demat service and other details

Demat Charges - Compare AxisDirect vs Nuvama Wealth vs HDFC Sky
  AxisDirect Nuvama Wealth HDFC Sky
DP Source CDSL CDSL CDSL
DP ID 49200 32300 12400
Demat Account Annual Maintenance Charges(AMC) ₹500 pa Free (₹1500 one time charges) ₹750 pa
Advance Deposit Nil NIL Customer having only Depository relationship with the Bank has to pay an advance fee of Rs.7,500/-
Statutory charges Nil Nil Nil
Transaction Charges on Debit (Per ISIN) ₹10 0.02% of transaction value or ₹20 per transaction whichever is higher 0.04% (Min ₹20) + CDSL charges
Demat ₹3 per certificate ₹2 per certificate + ₹30 courier charges ₹5 per certificate + ₹35 request charges
Remat ₹10 for every hundred securities (Min ₹10) ₹10 for every hundred securities after that ₹10 per request + ₹30 request charges ₹30
Pledge Creation ₹25 0.02% of transaction value (Min ₹50) Nil
Pledge Creation Confirmation ₹25 Nil 0.04% of transaction value (Min ₹40)
Pledge Closure ₹25 0.02% of transaction value (Min ₹50) Nil
Pledge Closure Confirmation ₹25 Nil 0.04% of transaction value (Min ₹40)
Pledge Invocation Nil 0.02% of transaction value (Min ₹50) 0.04% of transaction value (Min ₹40)
Failed Instruction Charges Nil Nil Nil
Other Charges
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Special Offers,Advantages,Disadvantages

Compare AxisDirect vs Nuvama Wealth vs HDFC Sky on Special Offers and Promotion

Compare AxisDirect vs Nuvama Wealth vs HDFC Sky on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.

Compare AxisDirect vs Nuvama Wealth vs HDFC Sky on Special Offers and Promotion
  AxisDirect Nuvama Wealth HDFC Sky
Likes
  • Open paperless 3-in-1 account (Bank + Demat + Trading).
  • One-stop shop to trade on BSE, NSE, and MCX.
  • Zero Demat AMC for 1st year for Axis Bank account holders.
  • Multiple brokerage plans for traders and investors.
  • Trade in options at flat Rs. 10/order.
  • Unlimited Brokerage-free options trading for the first month.
  • Ring revolutionary app and desktop-based platforms provide an investment opportunity.
  • Free trading tools like scanners, options strategies, advanced charting, & indicators.
  • Get free trading calls, investment ideas, and research reports.
  • Hassle-free investment in bonds & debenture on the “Yield” platform.
  • AI-powered investment ideas and wealth management advisory services.
  • Buy Now and Pay Later with E-margin.
  • Free 20 calls per month.

Detail Review...

  • Multiple products; equity, derivatives, IPO, mutual funds, bonds, debt instruments.
  • Trade at Rs 10/order flat brokerage
  • Free Guided Portfolio, an expert-curated basket for investors
  • User-friendly interface of Markets mobile app and TX3 terminal
  • Get free expert research reports and trading tips.
  • Place bracket order, cover order, and GTD order.
  • Investology, is a stock market learning platform for beginners to experts.
  • Margin trading facility.
  • Decent physical presence with branches

Detail Review...

Want to know why to trade with HDFC Sky, here are the promising reasons;

  • Instant paperless account opening
  • Zero account opening charges and no maintenance fee for 1st year
  • Invest in equity, F&O, currencies, and commodities
  • Invest in 2000+ mutual funds from 29+ fund houses
  • Lowest brokerage fee of Rs 20/order
  • Zero commission mutual fund investment.
  • Invest in expert-recommended mutual fund schemes.
  • Global market investment in US stocks and ETFs
  • Stacks: Expert-curated basket of US Stocks and ETFs
  • Trade on HDFC Sky app or web as per your convenience
  • Place advance orders like basket orders, bracket order, cover order, and GTT order.
  • Free research reports and daily trading calls or tips.
  • Learning platform for newbies to experts
  • No minimum balance commitments
  • No hidden charges

Detail Review...

Dislikes
  • High account opening fees.
  • It charges a higher brokerage fee than discount brokers like Zerodha, Upstox, etc.
  • It does not have a flat discount brokerage plan.

Detail Review...

  • NRI trading is not offered.
  • No 3-in-1 account opening services
  • Call & trade and research services are available at additional cost in Lite plan.
  • Brokerage charges are high in the Elite % based pricing plan.

Detail Review...

  • Delivery trading is not free while Zerodha offers free delivery trading
  • Desktop trading software is not available
  • Direct mutual funds are not offered.

Detail Review...

Special Offers/Promo Get Axis Direct 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds.
Enquire for AxisDirect Enquire for Nuvama Wealth Enquire for HDFC Sky

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