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Both the brokers are registered with SEBI. Nuvama offers investmenet in Equity, F&O, Currency and Commodities, where Groww offers investment in Equity, F&O and Currency only. The brokerage of Nuvama Max Rs 10 per trade while the brokerage of Groww Max Rs 20 per trade. Both the brokers are Discount Brokers. Nuvama is having overall lower rating compare to Groww. Nuvama is rated only 3.5 out of 5 where Groww is rated 4 out of 5. Number of active customer for Groww is 53,73,705 where number of active customer for Nuvama is 2,18,206. Groww is serving more customer compare to Nuvama.
Here we present side-by-side comparison of Nuvama vs Groww share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared Nuvama vs Groww's on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This will help you in make up your mind and clear things for you so that you can choose the best broker for youself. We also help our visitors with account opening.
Here we present side-by-side comparison of Nuvama vs Groww share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.
To be precise, we have compared Nuvama vs Groww's on
This will help you in make up your mind and clear things for you so that you can choose the best broker for yourself. We also help our visitors with account opening.
 Nuvama |
 Groww |
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| Overall Rating |
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| Brokerage Charges |
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| Trading Platform |
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Broker Type
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Discount Broker | Discount Broker |
| Exchanges Supported
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BSE, NSE, MCX, NCDEX | NSE, BSE |
| Active Clients | 2,18,206 | 53,73,705 |
| 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...  |
Groww is the top broker for beginners with a crystal clear user interface-enabled safe & secure Groww App & a web-based platform to invest in direct mutual funds for free and trade-in equity & derivatives segment at Rs. 20/order flat brok... |
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Comparison of Nuvama with Groww on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - Groww offer Free AMC for Demat account where Nuvama charges Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year] AMC for Demat account.
| Charges | Nuvama | Groww |
|---|---|---|
| Trading Account Opening Fees | Free | Free |
| Trading AMC | Free | Free |
| Demat Account Opening Fees | Free | Free |
| Demat AMC | Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year] | Free |
| Provide DP Service |  |
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Plans are the most important feature you look when compare Nuvama with Groww. This section compare on high level about type of plans offered by brokers. Multiple Plans - Nuvama provide Multiple Plans where Groww doesn't offer. Monthly Plans - Both the brokers don't have Monthly Plans.
| Plan Types | Nuvama | Groww |
|---|---|---|
| Multiple Plans | |
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| Monthly Plans | |
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| Yearly Plans | |
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| Nuvama | Zerodha | |
|---|---|---|
| Account Opening Request |
Nuvama 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.
Groww Brokerage Plan detail - Flat brokerage plan that charges Rs. 20 per order on trading in intraday segment whereas offers free delivery trading.
| Brokerage Charges Compare | Nuvama | Groww |
|---|---|---|
| Plan Name | Nuvama Lite | Flat Brokerage Plan |
| Equity Delivery | Flat Rs. 10 per executed order | 0.05% or Rs 20 whichever is lower |
| Equity Intraday | Flat Rs. 10 per executed order | 0.05% or Rs 20 whichever is lower |
| Equity Futures | Flat Rs. 10 per executed order | Flat Fee Rs 20 |
| Equity Options | Flat Rs. 10 per executed order | Flat Fee Rs 20 |
| Currency Futures | Flat Rs. 10 per executed order | Not Available |
| Currency Options | Flat Rs. 10 per executed order | Not Available |
| Commodity Trading | 0.01% | Not Available |
| Minimum Brokerage | NIL | NIL |
| Hidden Charges | Info Not Available | Info Not Available |
| Funding | Yes - 24% interest PA | Info Not Available |
| Call & Trade Charges | Rs 20 per call | Rs 50 Per Executable Order |
| Auto Square off Charges | Rs 20 | Rs 50 Per Executable Order |
| Brokerage Calculator | Brokerage Calculator for Nuvama | Brokerage Calculator for Groww |
Compare Nuvama with Groww on transaction charges and PCM fee by segment.
| Transaction Charges Compare | Nuvama | Groww |
|---|---|---|
| Equity Delivery | Rs 335 Per Cr | Rs 335 Per Cr |
| Equity Intraday | Rs 335 Per Cr | Rs 335 Per Cr |
| Equity Futures | Rs 200 Per Cr | Rs 200 Per Cr |
| Equity Options | Rs 5050 Per Cr | Rs 5050 Per Cr |
| Currency Futures | Rs 90 Per Cr | Rs 90 Per Cr |
| Currency Options | Rs 3500 Per Cr | Rs 3500 Per Cr |
| Commodity | Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr | NA |
| Brokerage Charges | Complete Brokerage Plans for nuvama | Complete Brokerage Plans for groww |
Compare Nuvama with Groww on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - both the brokers offers 2-in-1 account which includes trading and demat account. Algo Trading - Nuvama offers Algo Trading where Groww doesn't offers Algo Trading. Margin Funding - Both broker offers a margin funding. Interest need to be paid on borrowed money. NRI Trading - Nuvama offers NRI where Groww doesn't offers NRI Trading.
| Account Features Compare | Nuvama | Groww |
|---|---|---|
| 3 in 1 Account | |
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| Charting | |
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| Algo Trading | |
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| SMS Alerts | |
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| Online Demo | |
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| Online Portfolio | |
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| Margin Trading Funding Available | |
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| Combined Ledger for Equity and Commodity | |
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| Intraday Square-off Time | 3:15PM | 3:10 PM |
| NRI Trading | |
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| Other Features | NIL | NIL |
With our expert research team, we have compared all the major features of Trading platform b/w Nuvama and Groww. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided links for mobile app to download and demo links for easy access.
| Trading Platform Compare | Nuvama | Groww |
|---|---|---|
| Desktop Trading Platform | Xtreme Trader | |
| Desktop Demo | Desktop Demo | Info Not Available |
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| Desktop Platform (Mac) | |
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| Web Trading Platform | |
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| Web Trading Detail | https://tlounge.edelweiss.in/Login | Yes |
| Web Trading Demo | Info Not Available | Info Not Available |
| Mobile Site | |
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| Mobile Trading App | Nuvama Mobile Trader | Yes |
| Mobile Trading App Demo | Nuvama Mobile Trader Demo | Info Not Available |
| Android Mobile App | |
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| Android App Download | Andriod Nuvama Mobile Trader Download | Andriod Yes Download |
| iPhone Mobile App (IOS) | |
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| iOS App Download | iOS Nuvama Mobile Trader Download | iOS Yes Download |
| Android Tablet App | |
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| iPad App (IOS) | |
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| Trading Software Charges | Free | Free |
| Equity Brokerage Calculator | Equity Intraday and Delivery Brokerage Calculator for Nuvama | Equity Intraday and Delivery Brokerage Calculator for Groww |
| Futures Brokerage Calculator | Futures Brokerage Calculator for Nuvama | Futures Brokerage Calculator for Groww |
| Options Brokerage Calculator | Options Brokerage Calculator for Nuvama | Options Brokerage Calculator for Groww |
| Detail | Detail on Trading Platforms for nuvama | Detail on Trading Platforms for groww |
| Nuvama | Groww | |
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3 Customer Reviews
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6 Customer Reviews
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| Fees Ratings |  |
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| Trading Brokerage Rating |  |
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| Trading Platform Usability |  |
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| Customer Service Ratings |  |
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| Overall Ratings |  |
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| Broker Rating | Nuvama is Rated 2.3 / 5 based on 3 customer reviews | Groww is Rated 4.5 / 5 based on 6 customer reviews |
Compare Nuvama with Groww 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 - Both broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Nuvama offers trading options in Commodity (MCX) where Groww doesn't offer. Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - Nuvama provide PMS Service where Groww doesn't offer
| Investment Offerings Compare | Nuvama | Groww |
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| Equity Cash and F&O | |
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| Currency Deravitives | |
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| Commodity | |
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| Online IPO Application | |
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| ETF | |
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| Banking | |
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| Insurance | |
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| Forex | |
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| MF SIP Investment | |
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| Equity SIP Investment | |
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| PMS Service | |
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| Other Investment Options | NIL | NIL |
Order Type - Compare Nuvama with Groww on offerings of order types. All the brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order type like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - Nuvama provide Cover Orders (CO) where Groww doesn't offer.Cover Orders (CO) is placed an compulsory stop loss and this is a intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Both broker don't have Bracket Orders (BO).With the name its cleare in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- Nuvama offers After Market Orders where Groww doesn't offers AMO. GTC Orders- Both broker doesn't support Good Till Cancelled (GTC) orders.
| Order Type Compare | Nuvama | Groww |
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| CNC order | |
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| MIS order | |
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| NRML order | |
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| Cover order | |
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| Bracket order | |
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| AMO-After Market Orders | |
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Compare Nuvama with Groww on customer service offered by the broker. This section compares types of service offered by each broker for a quick resolution for query/issue you have.
| Customer Service Compare | Nuvama | Groww |
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| 24/7 Customer Service
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| Email Support
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| Onine Live Chat
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| Phone Support
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| Through Branches
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1800 102 3335 | 9108800604 |
| Account Opening Process
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Online/Paperless | Online |
| Customer Support Email
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[email protected] | [email protected] |
| Knowledge Center/Education
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https://www.nuvamawealth.com/investology | https://groww.in/academy |
| Head Office Address
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Edelweiss House, Off CST Road, Kalina, Mumbai - 400098 |
Groww Head Office 1st Floor, Proms Complex, SBI Colony, 1 A Koramangala, 560034 |
| Website
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https://www.nuvamawealth.com/ | https://groww.in/ |
Compare Nuvama with Groww on research reports and tips provided by the broker.
| Nuvama | Groww | |
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| Research Mutual Funds
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| Research Equity Reports
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| Research ETF
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| Daily Market Report
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| Quarterly Result Analysis
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| News Alerts
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Compare Nuvama with Groww on Demat Service and Charges. When compare Broker A with Broker B on Dmeat account, we mainly focus on two points - Demat AMC and Debit Transaction Charges.
Demat AMC are the charges which one need to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is your recurring cost, so one should consider this cost when opening Demat account.
Demat AMC for Nuvama is Free (₹1500 one time charges) where for Groww is Zero. Nuvama is a better choice in terms of Demat AMC compare to Groww.
Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading – when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay.
Transaction charges on debit of ISIN for Nuvama is 0.02% of transaction value or ₹20 per transaction whichever is higher where for Groww is ₹8 + ₹5.50 CDSL charges.You can see this charges on debit of Equity/Mutual Funds from your demat account.
This section covers about demat charges, demat service and other details
| Nuvama | Groww | |
|---|---|---|
| DP Source | CDSL | CDSL |
| DP ID
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19100 | No |
| Demat Account Annual Maintenance Charges(AMC) | Free (₹1500 one time charges) | Zero |
| Advance Deposit | NIL | Nil |
| Statutory charges | Nil | Legal Charges |
| Transaction Charges on Debit (Per ISIN) | 0.02% of transaction value or ₹20 per transaction whichever is higher | ₹8 + ₹5.50 CDSL charges |
| Demat | ₹2 per certificate + ₹30 courier charges | ₹150 per certificate + courier charges |
| Remat | ₹10 for every hundred securities after that ₹10 per request + ₹30 request charges | ₹150 per certificate + courier charges |
| Pledge Creation | 0.02% of transaction value (Min ₹50) | ₹20 + Rs. 12 per request (CDSL Charges) |
| Pledge Creation Confirmation | Nil | ₹20 + Rs. 12 per request (CDSL Charges) |
| Pledge Closure | 0.02% of transaction value (Min ₹50) | ₹20 + Rs. 12 per request (CDSL Charges) |
| Pledge Closure Confirmation | Nil | ₹20 + Rs. 12 per request (CDSL Charges) |
| Pledge Invocation | 0.02% of transaction value (Min ₹50) | ₹20 + Rs. 12 per request (CDSL Charges) |
| Failed Instruction Charges | Nil | ₹50 |
| Other Charges | Nil | Nil |
Compare Nuvama with Groww on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.
| Nuvama | Groww | |
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| Pay In and Pay Out Options
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Pay-in/adding funds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from Terminal X3,Nuvama Web,Mobile Trader. Pay-out/Fund Withdrawal - Bank Transfer only |
pay-in/adding funds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from Goww Pay-out/Fund Withdrawal - Bank Transfer only |
| Payout Time
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Upto 24 Hrs except Bank Holidays. | Max 24 hrs except bank holidays |
| Bank Supported and Charges
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Info Not Available | Around 25 banks allow instant credit facility with charges of Rs 9 from Groww trading platform. |
| Bank Detail | Nuvama Wealth, Account Number:EBL1XXXXXXXXX Bank and Branch: CitiBank, Mumbai Account Type: Current Account IFSC Code: CITI0100000 |
Info Not Available |
| Likes |
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Despite brokerage-free mutual fund investment and flat brokerage trading, Groww offers many trading advantages (Pros) pointed as follows;
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| Dislikes |
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Limited trading product availability is a key limitation or drawback of trading with Groww. Check out the list of Groww Trading cons as follows;
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| Special Offers/Promo | ||
| Enquiry | Open Nuvama Account Now>> | Open Zerodha Account Now>> |
Last Updated on 2023-04-27T01:45:59+00:00
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