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Nuvama Vs Groww (Compare Nuvama and Groww)

Nuvama Wealth & Investment Limited Logo

About Nuvama
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 analysis to its customers across asset classes, trading styles and time horizons. Nuvama has the best... Know more about Nuvama Wealth & Investment Limited

Nextbillion Technology pvt ltd Logo

About Groww
Groww is a Bangalore based broker offering online flat fee discount brokerage services to invest in Equity, IPO, and Direct Mutual Funds. Groww is the brand name for Nextbillion Technology Private Limited who is a SEBI registered stockbroker and a member of NSE and BSE. Established in 2016, Groww initially started as a direct mutual fund investment platform. In the mid-2020s, Groww expanded its product offering to include Equity trading. The company also offers Digital gold, US Stocks, and Fixe... Know more about Nextbillion Technology pvt ltd

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Nuvama Vs Groww

Incorporated in 2002, Nuvama is a Full Service Broker. It offers trading at BSE, NSE, MCX, NCDEX. It has 237 branches across India. Incorporated in 2016, Groww is a Discount Broker. It offers trading at NSE and BSE. It has 0 branches across India.

  Nuvama Groww
Type of Broker Full Service Broker Discount Broker
Exchnage Membership BSE, NSE, MCX, NCDEX NSE and BSE
Year of Incorporation 2002 2016
Number of Branches 237 0
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Nuvama Vs Groww Charges & AMC

Nuvama trading account opening charges is Rs 0 (Free) while Groww account opening changes is Rs 0 (Free). Nuvama Demat Account AMC Charges is Rs 500 (1st Year Free) and Groww Demat Account AMC Charges is Rs 0.

  Nuvama Groww
Trading Account Opening Charges Rs 0 (Free) Rs 0 (Free)
Trading Account AMC Charges Rs 0 Rs 0
Demat Account Opening Charges Rs 0 (Free) Rs 0
Demat Account AMC Charges Rs 500 (1st Year Free) Rs 0

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Nuvama Vs Groww Brokerage

Nuvama brokerage charges for equity is Rs 10 per executed order and intraday is Rs 10 per executed order whereas Groww brokerage charges for equity is Rs 20 per executed order or 0.05% whichever is lower and intraday is Rs 20 per executed order or 0.05% whichever is lower.

Account Type Nuvama Nuvama Lite Groww Standard Plan
Fixed Charges NA NA
Equity Delivery Rs 10 per executed order Rs 20 per executed order or 0.05% whichever is lower
Equity Intraday Rs 10 per executed order Rs 20 per executed order or 0.05% whichever is lower
Equity Futures Rs 10 per executed order Rs 20 per executed order
Equity Options Rs 10 per executed order Rs 20 per executed order
Currency Futures Rs 10 per executed order NA
Currency Options Rs 10 per executed order NA
Commodity Futures NA
Commodity Options NA
Special Offer
Special Offer: Trade @ flat Rs 10 per order + FREE Trading Tips + Rs 0 Account Opening Fee. Open a Free Demat Account in just 15 Minutes.

Zerodha (Trade with the best stock broker)

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.

Nuvama Vs Groww Brokerage Plan 2

  Nuvama Groww
Account Type Nuvama Elite Standard Plan
Fixed Charges NA
Equity Delivery 0.30% Rs 20 per executed order or 0.05% whichever is lower
Equity Intraday 0.03% Rs 20 per executed order or 0.05% whichever is lower
Equity Futures 0.03% Rs 20 per executed order
Equity Options Rs 75 per lot Rs 20 per executed order
Currency Futures 0.02% NA
Currency Options Rs 20 per lot NA
Commodity Futures NA
Commodity Options NA
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Nuvama Charges Vs Groww

Minimum Brokerage 0.03% Equity delivery, 0.01% Intra-day and Futures Rs 20 or 0.05% per executed order
Other Charges Margin Funding: 0.08%/day, Research: Rs 50 per month, Physical Contract Note: Rs 20 + Courier Charges; Auto square off charges : Rs 50
Call & Trade Charges Rs 20 per call NA

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Nuvama Vs Groww Transaction Charges

Nuvama transaction charges for options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 5000 per Cr (0.05%) (on premium) while Groww exchange transaction charges for options is NSE: 0.053% on premium.

  Nuvama Groww
Equity Delivery NSE Rs 325 per Cr (0.00325%) | BSE Rs 275 per Cr (0.00275%) (each side) NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Intraday NSE Rs 325 per Cr (0.00325%) | BSE Rs 275 per Cr (0.00275%) (each side) NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Futures NSE Rs 190 per Cr (0.0019%) | BSE Rs 190 per Cr (0.0019%) (each side) NSE: 002%
Equity Options NSE Rs 5000 per Cr (0.05%) | BSE Rs 5000 per Cr (0.05%) (on premium) NSE: 0.053% on premium
Currency Futures NSE Rs 115 per Cr (0.00115%) | BSE Rs 115 per Cr (0.00115%) NA
Currency Options Rs 4000 per Cr (0.04%) (on premium) NA
Commodity NA
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Nuvama Vs Groww Leverage (Margin)

Nuvama margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Groww margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

  Nuvama Groww
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)
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Compare Nuvama and Groww Features

The trading platforms offered Nuvama include Edelweiss.in Web, Mobile Trader, Xtreme Trader (terminal), Nuvama Xpress. Groww offers Groww trading software.

  Nuvama Groww
3 in 1 Account No No
Charting Yes Yes
Automated Trading No No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Yes No
Margin Against Shares (Equity Cash) Yes No
Margin Against Shares (Equity F&O) Yes No
Trading Platform Edelweiss.in Web, Mobile Trader, Xtreme Trader (terminal), Nuvama Xpress Groww
Intraday Square-off Time 3:00 PM 3:10 PM
Trading In SME Shares Allowed? No
Referral Program
Other Features
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Nuvama Vs Groww Review

Nuvama is rated 2.9 of 5 based on 74 customer reviews whereas Groww is rated 4.0 of 5 based on 71 customer reviews.

  Nuvama Groww
  74 Customer Reviews    Rate Nuvama 71 Customer Reviews    Rate Groww
Fees 3.0 4.3
Brokerage 3.1 4.0
Trading Platform 3.5 4.0
Customer Service 2.7 3.7
Research Capabilities 2.8 3.2
Overall Ratings Rated 2.9 stars Rated 4.0 stars
Broker Rating Nuvama is rated 2.9 of 5 based on 74 customer reviews Groww is rated 4.0 of 5 based on 71 customer reviews

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Contact Broker / Request A Call Back

  Nuvama Enquire Groww Enquire
Contact Broker Trade @ flat Rs 10 per order + FREE Trading Tips + Rs 0 Account Opening Fee. Open a Free Demat Account in just 15 Minutes. 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.

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Nuvama Vs Groww Investment Options

  Nuvama Groww
Stock / Equity Yes Yes
Commodity Yes No
Currency Yes No
IPO Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes No
Debt Yes Yes
Other Investment Options Digital Gold, US Stocks, Fixed Deposits

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Nuvama Vs Groww Order Type Offered

  Nuvama Groww
Bracket Order No No
Cover Order Yes No
Buy Today Sell Tomorrow (BTST) Yes Yes
Sell Today Buy Tomorrow (STBT) Yes No
After Market Order(AMO) Yes No
Good Till Cancelled (GTC) No No
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Nuvama Vs Groww Research Report

  Nuvama Groww
Daily Market Report Yes No
Free Tips Yes No
Quarterly Result Analysis Yes No
News Alerts Yes No

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Nuvama Vs Groww Suitable For Investor Type

  Nuvama Groww
Casual Investor Yes
Active Investor Yes
Trader Yes

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Nuvama Vs Groww - Pros and Cons

  Nuvama Groww
Pros
  1. Full-service broker offering discount brokerage plan.
  2. Trade at flat Rs 10 per executed order across all segments in Nuvama Lite Plan.
  3. Instant online account opening: Open your Investing & Trading account in less than 15 minutes.
  4. Offer commodity trading on the same trading platform.
  5. Free research and trading tips call to all the customers.
  6. Online IPO application.
  • Simple pricing model with low-cost trading charges.
  • Free Mutual Fund investments with no hidden charges.
  • Zero Account opening fee.
  • Zero Maintenance Charges.
  • Direct MF platform that helps you earn an extra 1.5% returns.
  • E-books, Resources, and Blogs that provide the basics and updates on the stock market to help investors make an informed decision.
  • Instant paperless account opening.
  • Online IPO application.
  • Inhouse Brokerage Calculator
  • Option to invest online in digital gold and US Stocks. Other products (Derivatives, FD) in the pipeline. 
Cons
  1. The bracket orders are not available.
  2. Good Till canceled orders are not available.
  3. Higher minimum brokerage: 3 paise per share in delivery, 1 paisa per share on Intraday and Futures
  4. Call & Trade is available at an additional cost of Rs 20 per call.
  • Limited investment products with no option to currently trade in derivatives (futures & options), commodity, and currency segment.
  • Doesn't offer trading in SME shares.
  • No Call and Trade services.
  • Branch support not available.
  • Do not provide stock tips, research reports, or recommendations.
  • No Margin trading facility.
  • No Margin against shares.
  • Advanced order types like BO, CO, AMO, and GTT not available.
  • Trailling stop loss orders are not available in Groww app.
  • Do not offer NRI Trading.
Reviews

Groww is a Bangalore based broker offering online services to invest in Equity, IPO, and Direct Mutual Funds. Groww is registered with SEBI as a stock broker in the name of NextBillion Technology Limited. Groww is also a member of the NSE, BSE, and CDSL depository.

Groww is an online discount broker with a simple pricing model based on a flat fee. The company charges a lower of Rs 20 or 0.05% per executed trade and offers Free Mutual Fund services with no charges in investing or redemption of mutual funds.

The account opening with Groww is also free with no maintenance charges. It does not offer any tips, recommendations, and research services. Groww offers its trading platform called Groww on web and mobile app to enjoy a seamless trading experience for its investors.

Promo / Offers

Nuvama Special Offer

Trade @ Rs 10 per order + FREE Trading Tips + Rs 0 Account Opening (for limited time only)

  • Flat Rs 10 per trade across all segments.
  • FREE Research and Trading Tips.
  • Margin against share and Margin Funding available.

It is a limited-time offer. Open FREE Nuvama Account online in just 15 Minutes.

Zerodha (India's Best & No. 1 Broker)

  Special Offer - Free Equity Delivery and Mutual Funds

  • Brokerage-free equity delivery trades.
  • Brokerage-free Direct Mutual Fund.
  • Pay ₹20 per trade for Intraday & F&O.
  • The best trading platform in India.

Open Instant Demat Account Read Reviews
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