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The brokerage of Nuvama Wealth ranges between Rs 10, the brokerage of Motilal Oswal ranges between 0.02 to 0.20%, while the brokerage of Alice Blue ranges between Rs 15. The broker Nuvama Wealth and Alice Blue are discount brokers where Motilal Oswal is a full service broker. Overall rating for Nuvama Wealth is 3.5, Motilal Oswal is rated 4, Alice Blue is rated 4 out of 5.
Here we present side-by-side comparison of Nuvama Wealth vs Motilal Oswal vs Alice Blue stock brokers in India. The comparison is based on more than 100+ attributes for each stock broker. To be precise, we have compared Nuvama Wealth vs Motilal Oswal vs Alice Blue 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 Nuvama Wealth vs Motilal Oswal vs Alice Blue in this setion with 360 degree view of broker information.
 Nuvama Wealth |
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| Broker Type | Discount Broker | Full Service Broker | Discount Broker |
| Exchanges Supported | BSE, NSE, MCX, NCDEX | BSE, NSE, MCX, NCDEX | BSE, NSE, MCX, NCDEX |
| Broker Overview | 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...  |
Extensive range of asset classes, award-winning research, personalized advisory services, great customer service, and dedicated MO Trader and MO Investor app are the key reasons that make Motilal Oswal an excellent broker for traders and investors. | Trade smarter with Alice Blue! Yes, its Rs 15 maximum brokerage, free equity and mutual fund investment, top-rated ANT trading platforms, and plethora of learning resources make it an excellent broker for beginners and seasoned traders. |
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In this section we have compared Nuvama Wealth vs Motilal Oswal vs Alice Blue on trading & demat account opening charges and AMC. Trading account opening charges - All 3 brokers offers Free Trading account opening. Demat AMC charges - Nuvama Wealth charges Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year] as AMC for Demat account, Motilal Oswal charges Rs 400 per annum [Free for 1st year] AMC for Demat account, where Alice Blue charges Rs 400 PA AMC for Demat account.
| Charges | Nuvama Wealth | Motilal Oswal | Alice Blue |
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| Trading Account Opening Fees | Free | Free | Free |
| Trading AMC | Free | Free | Free |
| Demat Account Opening Fees | Free | Free | Free |
| Demat AMC | Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year] | Rs 400 per annum [Free for 1st year] | Rs 400 PA |
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Plans are the most important feature you look when compare Nuvama Wealth vs Motilal Oswal vs Alice Blue. This section copare on high level about type of plans offered by brokers. Miltiple Plans - Nuvama Wealth and Alice Blue offers Multiple Plans where Motilal Oswal doesn't offer. Monthlay Plans - All 3 brokers don't have Monthy Plans.
| Plan Types | Nuvama Wealth | Motilal Oswal | Alice Blue |
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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.
Motilal Oswal Brokerage Plan detail - The default brokerage plan charges a fixed percentage of brokerage on trading in stocks, derivatives, commodities, and currency segments.
Alice Blue Brokerage Plan detail - Lowest Brokerage Plan - Max Rs 15 per Trade for Equity Intraday, Derivatives, Currency and Commodities. From May 2021, the F20 plan becomes the F15 plan.
| Brokerage Charges Compare | Nuvama Wealth | Motilal Oswal | Alice Blue |
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| Plan Name | Nuvama Lite | Default Brokerage Plan | F15 Plan |
| Equity Delivery | Flat Rs. 10 per executed order | 0.20% | Free |
| Equity Intraday | Flat Rs. 10 per executed order | 0.02% | 0.05% or Rs 15 whichever is lower |
| Equity Futures | Flat Rs. 10 per executed order | 0.02% | 0.05% or Rs 15 whichever is lower |
| Equity Options | Flat Rs. 10 per executed order | Rs 20 per lot | Flat Fee Rs 15 |
| Currency Futures | Flat Rs. 10 per executed order | Rs 20 per lot | 0.05% or Rs 15 whichever is lower |
| Currency Options | Flat Rs. 10 per executed order | Rs 20 per lot | Flat Fee Rs 15 |
| Commodity Trading | 0.01% | Futures: 0.02%| Options: Rs 200 Per Lot | Flat Fee Rs 15 |
| Minimum Brokerage | NA | ||
| Hidden Charges | Info Not Available | No | |
| Call & Trade Charges | Rs 20 per call | NA | Rs 50 per order + GST |
| Auto Square off Charges | Rs 20 | NA | Rs 50 per order + GST |
| Brokerage Calculator | Brokerage Calculator for Nuvama Wealth | Brokerage Calculator for Motilal Oswal | Brokerage Calculator for Alice Blue |
Compare Nuvama Wealth vs Motilal Oswal vs Alice Blue on transaction charges and PCM fee by segment.
| Transaction Charges Compare | Nuvama Wealth | Motilal Oswal | Alice Blue |
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| 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 | Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr | Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr |
| Brokerage Charges | Complete Brokerage Plans for nuvama-wealth | Complete Brokerage Plans for motilal-oswal | Complete Brokerage Plans for alice-blue |
Compare Nuvama Wealth vs Motilal Oswal vs Alice Blue on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - All 3 brokers offers 2-in-1 account which includes trading and demat account. Margin Funding - Nuvama Wealth and Motilal Oswal offers margin funding where Alice Blue doesn't offers margin funding. NRI Trading - All 3 brokers offers NRI Trading.
| Account Features Compare | Nuvama Wealth | Motilal Oswal | Alice Blue |
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| Combined Ledger for Equity and Commodity | |
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| Intraday Square-off Time | 3:15PM | 3:15PM | 3:15 PM |
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| Other Features | NIL | NIL | NIL |
With our expert research team, we have compared all the major features of Trading platform b/w Nuvama Wealth vs Motilal Oswal vs Alice Blue. 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.
| Nuvama Wealth | Motilal Oswal | Alice Blue | ||
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20 Customer Reviews
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57 Customer Reviews
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20 Customer Reviews
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| Broker Rating | Nuvama Wealth is Rated 0.4 / 5 based on 20 customer reviews | Motilal Oswal is Rated 3.0 / 5 based on 57 customer reviews | Alice Blue is Rated 0.9 / 5 based on 20 customer reviews |
Compare Nuvama Wealth vs Motilal Oswal vs Alice Blue 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 and Motilal Oswal offers PMS facility where Alice Blue doesn't offers PMS facility.
| Investment Offerings Compare | Nuvama Wealth | Motilal Oswal | Alice Blue |
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| Other Investment Options | NIL | NIL | NIL |
Compare Nuvama Wealth vs Motilal Oswal vs Alice Blue 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 Service Compare | Nuvama Wealth | Motilal Oswal | Alice Blue |
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| Customer Care Number | 1800 102 3335 | 022 40548000/022 67490600 | 08035215000/080-45490850 |
| Account Opening Process | Online/Paperless | Online/Paperless | Online/Paperless |
| Customer Support Email | [email protected] | [email protected] | [email protected] |
| Knowledge Center/Education | https://www.nuvamawealth.com/investology | https://edumo.motilaloswal.com/ | https://tradeschool.aliceblueonline.com/ |
| Head Office Address | Edelweiss House, Off CST Road, Kalina, Mumbai - 400098 |
Motilal Oswal Tower, Rahimtullah Sayani Road, Opposite Parel ST Depot, Prabhadevi, Mumbai-400025 |
Alice Blue, No. 153/2, 3rd Floor,M.R.B.Arcade, Bagalur Main Road, Dwaraka Nagar, Yelahanka, Bangalore - 560063 |
| Website | https://www.nuvamawealth.com/ | https://www.motilaloswal.com/ | https://www.aliceblueonline.com |
Compare Nuvama Wealth vs Motilal Oswal vs Alice Blue on research reports and tips provided by broker.
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Compare Nuvama Wealth vs Motilal Oswal vs Alice Blue on Demat Service and Charges. This section cover about demat charges, demat service and other details
| Nuvama Wealth | Motilal Oswal | Alice Blue | |
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| DP Source | CDSL | CDSL | CDSL |
| DP ID | 32300 | 10900 | 85300 |
| Demat Account Annual Maintenance Charges(AMC) | Free (₹1500 one time charges) | ₹400 pa | ₹400 pa |
| Advance Deposit | NIL | NIL | Rs 0 |
| Statutory charges | Nil | Nil | Rs 150 Stamp Charges |
| Transaction Charges on Debit (Per ISIN) | 0.02% of transaction value or ₹20 per transaction whichever is higher | 0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges) | 0.04% of the value of the transaction |
| Demat | ₹2 per certificate + ₹30 courier charges | ₹50 per certificate + ₹50 courier charges | ₹10 per certificate + ₹50 courier charges |
| Remat | ₹10 for every hundred securities after that ₹10 per request + ₹30 request charges | ₹35 for every hundred securities or ₹35 per certificate (whichever is higher) + ₹25 courier charges | ₹30 per certificate + CDSL charges |
| Pledge Creation | 0.02% of transaction value (Min ₹50) | ₹35 | ₹20 + CDSL charges |
| Pledge Creation Confirmation | Nil | Nil | Nil |
| Pledge Closure | 0.02% of transaction value (Min ₹50) | ₹35 | ₹20 + CDSL charges |
| Pledge Closure Confirmation | Nil | Nil | Nil |
| Pledge Invocation | 0.02% of transaction value (Min ₹50) | ₹35 | ₹20 + CDSL charges |
| Failed Instruction Charges | Nil | Nil | Nil |
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Compare Nuvama Wealth vs Motilal Oswal vs Alice Blue on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.
| Nuvama Wealth | Motilal Oswal | Alice Blue | |
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There are enormous benefits or advantages of trading with Motilal Oswal. Here are the reasons that make it a good fit for both traders and investors;
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There are some drawbacks or disadvantages that might discourage you to not opening an account with Motilal Oswal. Here are some important trading cons;
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| Special Offers/Promo | Free Demat AMC (Client need to opt for 3,000 Value Pack (prepaid brokerage) or Open the A/c with above 25,000 margin) | ||
| Enquire for Nuvama Wealth | Enquire for Motilal Oswal | Enquire for Alice Blue |
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