Groww vs Nuvama – Compare Charges, Trading Features, Offers & more

Find a Comparison of Groww vs Nuvama here. You can compare their brokerage, demat accounts, trading platforms, offers, products & services, support, complaints & more.

This comparison will help you decide which broker is best for you. So, let us go through a detailed comparison of Groww and Nuvama.

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Groww vs Nuvama – Company Overview

Company Overview Groww Nuvama
Company Type Private Private
Headquarters Bangalore Ahmedabad
Founder Lalit Keshre Rashesh Shah
Establishment Year 2016 2008

Compare the Brokerage of Groww and Nuvama

Brokerage Groww Nuvama
Brokerage Plan Standard Plan Lite Plan
Subscription Charges Zero Zero
Equity Delivery Rs.20 per Trade or 0.05% (whichever is low) Rs.10 per Trade or 0.01% (whichever is low)
Equity Intraday Rs.20 per Trade or 0.05% (whichever is low) Rs.10 per Trade or 0.01% (whichever is Low)
Equity Future Rs.20 per Trade or 0.05% (whichever is low) Rs.10 per Trade
Equity Option Rs.20 per Trade Rs.10 per Trade
Commodity Future NA NA
Commodity Option NA NA
Currency Future NA Rs.10 executed order
Currency Option NA Rs.10 per Trade

Groww vs Nuvama – Trading Platforms

Trading Platforms Groww Nuvama
Android App Groww Android App Link Nuvama Android App Link
iOS App Groww iOS App Link Nuvama iOS App Link
Web Trading Platform Groww Web Trading Link Nuvama Web Trading Link
Trading Terminal NA Available
Algo Trading Platform NA Available
Foreign Stocks Trading Platform NA NA
Basket Trading Platform NA NA
Mutual Fund Investment Platform Available Available
Digital Gold Investment Platform NA NA
Bonds Investment Platform NA NA

Comparison of Groww and Nuvama – Trading Features

Trading Features Groww Nuvama
Wishlist Yes Yes
Real Time Updates Yes Yes
Portfolio Details Yes Yes
Online MF Buy Yes Yes
Research Reports No Yes, chargeable
Global indices No Yes
Customised Recommendations No Yes
Stock tips No Yes
Interactive charts Yes Yes
Live market Yes Yes
Multi Profile Management No No
Robust & Secure Platform Yes Yes

Compare Groww vs Nuvama Offers

Offers Groww Nuvama
Free Account Opening Yes Yes
Free AMC Yes Yes
Free Brokerage No No
Flat Brokerage Yes Yes, Limited
Flexible Brokerage Plans No Yes
Happy Trading Hours No No
Free Delivery Trading No No
Free Intraday Trading No No
Free F&O Trading No No
Free Research Reports No Yes
Free Trading calls No No
Referral Offers Rs.300 per Client Upto Rs.1,000 per referral
Margin Funding / Pledging Yes Yes
Brokerage Cashback No No
Zero Brokerage for Loss Making Trades No No

Groww vs Nuvama – Products Provided

Products Provided Groww Nuvama
Equity Delivery Yes Yes
Equity Intraday Yes Yes
Equity Option Yes Yes
Equity Future Yes Yes
Commodity Option No Yes
Commodity Future No Yes
Currency Option No Yes
Currency Future No Yes
Foreign Stocks No No
Mutual Funds Yes Yes
Banking No No
Insurance No Yes
Corporate Bonds No No
Govt. Bonds No No
Digital Gold No No

Groww vs Nuvama – Services Provided

Services Provided Groww Nuvama
Demat Services Yes Yes
Trading Services Yes Yes
Intraday Services Yes Yes
F&O Services Yes Yes
IPO Services Yes Yes
3 in 1 Account No No
Stock Research No Yes
Stock Recommendations No Yes
Trading Institution No Yes, Investology
Share Pledging Yes Yes
PMS or PCG No No
NRI Services No No

Compare Groww and Nuvama Advisory

Advisory Groww Nuvama
Fundamental Reports No Yes
Research Reports No Yes, chargeable
Company Reports No Yes
Annual Reports No Yes
IPO Reports No Yes
Technical Reports No Yes
Stock Tips No Yes
Daily Top Stock Picks No Yes
Daily Market Review No Yes
Monthly Review No Yes
Weekly Review No Yes
Relationship Manager No Yes
Robo Advisory No No

Comparison of Groww and Nuvama Exposure

Exposure Groww Nuvama
Equity Delivery 1x 1x
Equity Intraday Upto 5x (Depends on Stocks) Upto 5x (Depends on Stocks)
Equity F&O Carry Forward 1x 1x
Equity F&O Intraday 1.3x 1.3x
Commodity F&O Carry Forward 1x 1x
Commodity F&O Intraday 1.3x 1.3x
Currency F&O 1x 1x

Compare Programs of Groww & Nuvama

Programs Groww Nuvama
Sub Broker Program Yes, Limited Yes
Partner Program Yes Yes
Referral Program Yes Yes

Groww vs Nuvama – Ratings by Finec

Ratings Groww Nuvama
Overall Rating 9.75 / 10 8.41 / 10
Customer Support 9.71 / 10 8.38 / 10
Technology 9.87 / 10 8.51 / 10
Charges 9.79 / 10 8.45 / 10
Products & Service 9.69 / 10 8.36 / 10
Experience 9.67 / 10 8.34 / 10

Compare Customer Support of Groww and Nuvama

Customer Support Groww Nuvama
Trading Support NA Available, Chargeable
Dedicated Dealer NA Available, Chargeable
Call Support 9108800604 022-66203030
Email Support support@groww.in Secretarial@nuvama.com
Whatsapp Support NA NA
Website Support Website Link Website Link
Facebook Support Facebook Support Link Facebook Support Link
Twitter Support Twitter Support Link Twitter Support Link
Telegram Support Telegram Support Link NA
Branches / Offices NA NA

Comparison of Groww & Nuvama Complaints

Complaints Groww Nuvama
Total Complaints Lodged 181 117
Total Complaints Resolved 163 102
% of Resolved Complaints 90.06% 87.18%
Non Actionable Complaints 9 7
% of Non Actionable Complaints 4.97% 5.98%

Compare Demat Charges of Groww vs Nuvama

Demat Charges Groww Nuvama
Account Opening Charges Free Free
Annual Maintenance Charges (AMC) Free Rs.500 (Free for first year)

Groww vs Nuvama – Compare STT & CTT

STT & CTT Groww Nuvama
Equity Delivery 0.1% on buy & sell 0.1% on buy & sell
Equity Intraday 0.025% on sell 0.025% on sell
Equity Future 0.0125% on sell 0.0125% on sell
Equity Option 0.0625% on sell (on premium) 0.0625% on sell (on premium)
Commodity Future NA 0.01% on sell (Non-Agri)
Commodity Option NA 0.05% on sell
Currency Future NA Nil
Currency Option NA Nil

Compare Stamp Duty of Groww and Nuvama

Stamp Duty Groww Nuvama
Equity Delivery 0.015% on buy 0.015% on buy
Equity Intraday 0.003% on buy 0.003% on buy
Equity Future 0.002% on buy 0.002% on buy
Equity Option 0.003% on buy 0.003% on buy
Commodity Future NA 0.002% on buy
Commodity Option NA 0.003% on buy
Currency Future NA 0.0001% on buy
Currency Option NA 0.0001% on buy

Groww vs Nuvama – Transaction Charges

Transaction Charges Groww Nuvama
Equity Delivery 0.00325% (NSE) & 0.00375% (BSE) 0.00335% (NSE) & As per Stock (BSE)
Equity Intraday 0.00325% (NSE) & 0.00375% (BSE) 0.00335% (NSE) & As per Stock (BSE)
Equity Future 0.0019% (NSE & BSE) 0.002% (NSE & BSE)
Equity Option 0.05% (on premium) 0.053% (on premium)
Commodity Future NA 0.0021% (Non-Agri) / 0.006% (Agri) / 0.0005% (Special)
Commodity Option NA 0.05% (Non Agri)
Currency Future NA NA
Currency Option NA NA

Compare Pledge Charges of Groww & Nuvama

Pledge Charges Groww Nuvama
Pledge Creation Charges Free Rs.7 per Request
Pledge Invocation Charges Rs.20 per Request Rs.7 per Request
Interest on Margin Trading 0.045% per day 0.05% per day

Comparison of Groww and Nuvama – Hidden Charge

Hidden Charge Groww Nuvama
SEBI Turnover Charges Rs.10/ Crore (All Segment) Rs.10/ Crore (All Segment)
DP Charges Rs.13.5 per Scrip only on Sell Rs.20 per Scrip
GST 18% on (Brokerage + SEBI + Transaction charges) 18% on (Brokerage + SEBI + Transaction charges)
Account Closure Charges Free Rs.150
Reactivation Charges Free Rs.100
Dematerialisation Charges Not Available Rs.18 per Certificate
Call & Trade Charges Not Available Rs.20 per Trade

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