About Aditya Birla Money
Incorporated in 1994, Aditya Birla Money Ltd (ABML) is a subsidiary of Aditya Birla Capital Limited and is headquartered in Chennai. The company was formerly known as Apollo Sindhoori Capital Investments. It is engaged in stock broking business and is a member of BSE and NSE. It also holds Portfolio Management Services (PMS) license from SEBI and is a Depository Participant with National Securitie... 
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 a...
Incorporated in 1994, Aditya Birla Money is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 800 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.
| Aditya Birla Money | Nuvama (Edelweiss) | |
|---|---|---|
| Type of Broker | Full Service Broker | Full Service Broker |
| Exchnage Membership | BSE, NSE, MCX | BSE, NSE, MCX, NCDEX |
| Year of Incorporation | 1994 | 2002 |
| Number of Branches | 800 | 237 |
Aditya Birla Money trading account opening charges is Rs 750 while Nuvama (Edelweiss) account opening changes is Rs 0 (Free). Aditya Birla Money Demat Account AMC Charges is Rs 436 and Nuvama (Edelweiss) Demat Account AMC Charges is Rs 500 (1st Year Free).
| Aditya Birla Money | Nuvama (Edelweiss) | |
|---|---|---|
| Trading Account Opening Charges | Rs 750 | Rs 0 (Free) |
| Trading Account AMC Charges | Nil | Rs 0 |
| Demat Account Opening Charges | Nil | Rs 0 (Free) |
| Demat Account AMC Charges | Rs 436 | Rs 500 (1st Year Free) |
Aditya Birla Money brokerage charges for equity is 20 and intraday is 20 whereas Nuvama (Edelweiss) brokerage charges for equity is Rs 20 per executed order and intraday is Rs 20 per executed order.
| Account Type | Aditya Birla Money Trade20 | Nuvama (Edelweiss) Nuvama Lite |
|---|---|---|
| Fixed Charges | NA | |
| Equity Delivery | 20 | Rs 20 per executed order |
| Equity Intraday | 20 | Rs 20 per executed order |
| Equity Futures | 20 | Rs 20 per executed order |
| Equity Options | 20 | Rs 20 per executed order |
| Currency Futures | 20 | Rs 20 per executed order |
| Currency Options | 20 | Rs 20 per executed order |
| Commodity Futures | 0.030% | |
| Commodity Options | Rs 50 / 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. | 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. |
| Aditya Birla Money | Nuvama (Edelweiss) | |
|---|---|---|
| Account Type | Trade15 (Subscription Rs 999) | Nuvama Elite |
| Fixed Charges | NA | |
| Equity Delivery | 15 | 0.30% |
| Equity Intraday | 15 | 0.03% |
| Equity Futures | 15 | 0.03% |
| Equity Options | 15 | Rs 75 per lot |
| Currency Futures | 15 | 0.02% |
| Currency Options | 15 | Rs 20 per lot |
| Commodity Futures | 0.015% | |
| Commodity Options | Rs 30 / lot | |
| Aditya Birla Money | Nuvama (Edelweiss) | |
|---|---|---|
| Account Type | Trade10 (Subscription Rs 2499) | Nuvama Lite |
| Fixed Charges | NA | |
| Equity Delivery | 10 | Rs 20 per executed order |
| Equity Intraday | 10 | Rs 20 per executed order |
| Equity Futures | 10 | Rs 20 per executed order |
| Equity Options | 10 | Rs 20 per executed order |
| Currency Futures | 10 | Rs 20 per executed order |
| Currency Options | 10 | Rs 20 per executed order |
| Commodity Futures | 0.030% | |
| Commodity Options | Rs 50 / lot | |
| Minimum Brokerage | Rs 20 per executed order | 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 | Nil | Rs 20 per call |
Aditya Birla Money 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.
| Aditya Birla Money | 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) |
The trading platforms offered Aditya Birla Money include Etrade, Advanced web, Mobile invest. Nuvama (Edelweiss) offers Edelweiss.in Web, Mobile Trader, Xtreme Trader (terminal), Nuvama Xpress trading software.
| Aditya Birla Money | Nuvama (Edelweiss) | |
|---|---|---|
| 3 in 1 Account |  | |
| Automated Trading | | |
| Margin Trading Funding |  | |
| Margin Against Shares (Equity Cash) | | |
| Margin Against Shares (Equity F&O) | | |
| Trading Platform | Etrade, Advanced web, Mobile invest | Edelweiss.in Web, Mobile Trader, Xtreme Trader (terminal), Nuvama Xpress |
| Intraday Square-off Time | 3:15 | 3:00 PM |
| Trading In SME Shares Allowed? | | |
| Referral Program | | |
| Other Features | Insurance and Pension scheme available | |
Aditya Birla Money is rated of 5 based on 30 customer reviews whereas Nuvama (Edelweiss) is rated of 5 based on 79 customer reviews.
| Aditya Birla Money | Nuvama (Edelweiss) | |
|---|---|---|
30 Customer Reviews  | 79 Customer Reviews | |
| Fees |  |  |
| Brokerage | | |
| Trading Platform |  |  |
| Customer Service |  |  |
| Research Capabilities |  |  |
| Overall Rating | |  |
| Broker Rating | Aditya Birla Money is Rated 3.0 / 5 based on 30 customer reviews | Nuvama (Edelweiss) is Rated 2.8 / 5 based on 79 customer reviews |
| Aditya Birla Money | Nuvama (Edelweiss) | |
|---|---|---|
| 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. | 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. |
| Aditya Birla Money | Nuvama (Edelweiss) | |
|---|---|---|
| Stock / Equity | | |
| Commodity | | |
| IPO | | |
| Mutual Funds | | |
| Bond / NCD | | |
| Debt | | |
| Aditya Birla Money | Nuvama (Edelweiss) | |
|---|---|---|
| Bracket Order | | |
| Cover Order | | |
| Buy Today Sell Tomorrow (BTST) | | |
| Sell Today Buy Tomorrow (STBT) | | |
| After Market Order (AMO) | | |
| Good Till Cancelled (GTC) | | |
| Aditya Birla Money | Nuvama (Edelweiss) | |
|---|---|---|
| Casual Investor | | |
| Active Investor | | |
| Trader | | |
| Aditya Birla Money | Nuvama (Edelweiss) | |
|---|---|---|
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| Promo / Offers | Zerodha (India's Best & No. 1 Broker)Special Offer - Free Equity Delivery and Mutual Funds
| Zerodha (India's Best & No. 1 Broker)Special Offer - Free Equity Delivery and Mutual Funds
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