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The brokerage of Finvasia ranges between Rs 0, the brokerage of Nuvama Wealth ranges between Rs 10, while the brokerage of Groww ranges between Rs 20. All 3 brokers are discount brokers. Overall rating for Finvasia is 4, Nuvama Wealth is rated 3.5, Groww is rated 4 out of 5.
Here we present side-by-side comparison of Finvasia vs Nuvama Wealth vs Groww stock brokers in India. The comparison is based on more than 100+ attributes for each stock broker. To be precise, we have compared Finvasia vs Nuvama Wealth vs Groww 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 Finvasia vs Nuvama Wealth vs Groww in this setion with 360 degree view of broker information.
 Finvasia |
 Nuvama Wealth |
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| Broker Type | Discount Broker | Discount Broker | Discount Broker |
| Exchanges Supported | BSE, NSE, MCX, NCDEX | BSE, NSE, MCX, NCDEX | NSE, BSE |
| Broker Overview | Finvasia is India’s first discount brokerage house offering zero brokerage online trading account, zero lifetime Demat AMC, and online trading in stocks, derivatives, commodities, and currencies at absolutely NIL brokerage on the feature-rich S...  |
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 to invest in direct mutual funds for Free and trade in stocks at a Rs 20 flat fee! Also, its easy-to-use, crystal clear user interface, and safe & secure Groww app and web-based platform makes investing hassl... |
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In this section we have compared Finvasia vs Nuvama Wealth vs Groww on trading & demat account opening charges and AMC. Trading account opening charges - All 3 brokers offers Free Trading account opening. Demat AMC charges - Finvasia charges Free as AMC for Demat account, Nuvama Wealth charges Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year] AMC for Demat account, where Groww charges Free AMC for Demat account.
| Charges | Finvasia | Nuvama Wealth | Groww |
|---|---|---|---|
| Trading Account Opening Fees | Free | Free | Free |
| Trading AMC | Free | Free | Free |
| Demat Account Opening Fees | Free | Free | Free |
| Demat AMC | Free | 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 Finvasia vs Nuvama Wealth vs Groww. This section copare on high level about type of plans offered by brokers. Miltiple Plans - Nuvama Wealth offers Multiple Plans where Finvasia and Groww doesn't offer. Monthlay Plans - All 3 brokers don't have Monthy Plans.
| Plan Types | Finvasia | Nuvama Wealth | Groww |
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| Multiple Plans |  |
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| Yearly Plans | |
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| Zerodha | Nuvama Wealth | Zerodha | |
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| Account Opening Request |
Finvasia Brokerage Plan detail - Free Trading - Zero Brokerage Plan: Finvasia allows customers to trade in different segments at free of cost.
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.
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 | Finvasia | Nuvama Wealth | Groww |
|---|---|---|---|
| Plan Name | Zero Brokerage Trading Plan | Nuvama Lite | Flat Brokerage Plan |
| Equity Delivery | Rs 0 | Flat Rs. 10 per executed order | 0.05% or Rs 20 whichever is lower |
| Equity Intraday | Rs 0 | Flat Rs. 10 per executed order | 0.05% or Rs 20 whichever is lower |
| Equity Futures | Rs 0 | Flat Rs. 10 per executed order | Flat Fee Rs 20 |
| Equity Options | Rs 0 | Flat Rs. 10 per executed order | Flat Fee Rs 20 |
| Currency Futures | Rs 0 | Flat Rs. 10 per executed order | Not Available |
| Currency Options | Rs 0 | Flat Rs. 10 per executed order | Not Available |
| Commodity Trading | Rs 0 | 0.01% | Not Available |
| Minimum Brokerage | NA | ||
| Hidden Charges | No | Info Not Available | |
| Funding | Yes, 24% interest PA | Yes - 24% interest PA | NA |
| Call & Trade Charges | Free | Rs 20 per call | Rs 50 Per Executable Order |
| Auto Square off Charges | Free | Rs 20 | Rs 50 Per Executable Order |
| Brokerage Calculator | Brokerage Calculator for Finvasia | Brokerage Calculator for Nuvama Wealth | Brokerage Calculator for Groww |
Compare Finvasia vs Nuvama Wealth vs Groww on transaction charges and PCM fee by segment.
| Transaction Charges Compare | Finvasia | Nuvama Wealth | Groww |
|---|---|---|---|
| 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 | NA |
| Brokerage Charges | Complete Brokerage Plans for finvasia | Complete Brokerage Plans for nuvama-wealth | Complete Brokerage Plans for groww |
Compare Finvasia vs Nuvama Wealth vs Groww 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 Groww offers margin funding where Finvasia doesn't offers margin funding. NRI Trading - Finvasia and Nuvama Wealth offers NRI Trading where Groww doesn't offers NRI Trading.
| Account Features Compare | Finvasia | Nuvama Wealth | Groww |
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| 3 in 1 Account | |
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| Combined Ledger for Equity and Commodity | |
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| Intraday Square-off Time | 3:15 PM | 3:15PM | 3:10 PM |
| NRI Trading | |
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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 Finvasia vs Nuvama Wealth vs Groww. 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.
| Trading Platform Compare | Finvasia | Nuvama Wealth | Groww |
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| Desktop Trading Platform | OMNESYS NEST | Xtreme Trader | Groww App |
| Desktop Demo | Info Not Available | Desktop Demo | Info Not Available |
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| Web Trading Platform | |
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| Web Trading Detail |
https://trade.finvasia.com/ |
https://tlounge.edelweiss.in/Login |
Yes |
| Web Trading Demo | Info Not Available | Info Not Available | Info Not Available |
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| Mobile Trading App | SCALPERT | Nuvama Mobile Trader | Groww App |
| Mobile Trading App Demo | SCALPERT Demo | Nuvama Mobile Trader Demo | Info Not Available |
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| Android App Download | Andriod SCALPERT Download | Andriod Nuvama Mobile Trader Download | Andriod Download |
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| iOS App Download | Info Not Available | iOS Nuvama Mobile Trader Download | iOS Groww App Download |
| Android Tablet App | |
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| Trading Software Charges | Basic platforms are free, advance platforms are chargeable. | Free | Free |
| Equity Brokerage Calculator | Equity Intraday and Delivery Brokerage Calculator for Finvasia | Equity Intraday and Delivery Brokerage Calculator for Nuvama Wealth | Equity Intraday and Delivery Brokerage Calculator for Groww |
| Futures Brokerage Calculator | Futures Brokerage Calculator for Finvasia | Futures Brokerage Calculator for Nuvama Wealth | Futures Brokerage Calculator for Groww |
| Options Brokerage Calculator | Options Brokerage Calculator for Finvasia | Options Brokerage Calculator for Nuvama Wealth | Options Brokerage Calculator for Groww |
| Detail | Detail on Trading Platforms for finvasia | Detail on Trading Platforms for nuvama-wealth | Detail on Trading Platforms for groww |
| Finvasia | Nuvama Wealth | Groww | ||
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17 Customer Reviews
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4 Customer Reviews
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8 Customer Reviews
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| Fees Ratings | ||||
| Trading Brokerage Rating | ||||
| Trading Platform Usability | ||||
| Customer Service Ratings | ||||
| Overall Ratings | ||||
| Broker Rating | Finvasia is Rated 4.2 / 5 based on 17 customer reviews | Nuvama Wealth is Rated 2.0 / 5 based on 4 customer reviews | Groww is Rated 4.3 / 5 based on 8 customer reviews |
Compare Finvasia vs Nuvama Wealth vs 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 - All 3 brokers offers trading/investment in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Finvasia and Nuvama Wealth offers Commodity Trading where Groww doesn't offers Commodity Trading. Online Mutual Fund Investment - All 3 brokers offers online mutual fund investment. Portfolio Management Services (PMS) - Nuvama Wealth offers PMS facility where Finvasia and Groww doesn't offers PMS facility.
| Investment Offerings Compare | Finvasia | Nuvama Wealth | Groww |
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| Other Investment Options | NIL | NIL | NIL |
Order Type - Compare Finvasia vs Nuvama Wealth vs Groww on offerings of order types. All the broker provide CNC Order, MIS Order, NRML Order. Differance comes with advance order typle like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - Finvasia and Nuvama Wealth provides Cover Orders (CO) facility where Groww doesn't provides Cover Orders. Bracket Orders (BO) - Finvasia provides Bracket Orders (BO) facility where Nuvama Wealth and Groww doesn't provides Bracket Orders. After Market Orders (AMO) - Finvasia and Nuvama Wealth AMO facility where Groww doesn't provides AMO. GTC Orders - All 3 brokers doesn't have GTC facility.
| Order Type Compare | Finvasia | Nuvama Wealth | Groww |
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| CNC order | |
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| MIS order | |
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Compare Finvasia vs Nuvama Wealth vs Groww 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 | Finvasia | Nuvama Wealth | Groww |
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| 24/7 Customer Service | |
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| Customer Care Number | Support: +91 9779 097 777/Sales: +91 9098 001 001 | 1800 102 3335 | 9108800604 |
| Account Opening Process | Online/Paperless | Online/Paperless | Online |
| Customer Support Email | [email protected]/[email protected] | [email protected] | [email protected] |
| Knowledge Center/Education | https://finvasia.com/announcements | https://www.nuvamawealth.com/investology | https://groww.in/academy |
| Head Office Address | Finvasia Securities Pvt Ltd Plot #10, Netsmatrz House (Level 3), Rajiv Gandhi Chd. Tech Park, Chandigarh -160101 |
Edelweiss House, Off CST Road, Kalina, Mumbai - 400098 |
Groww Head Office 1st Floor, Proms Complex, SBI Colony, 1 A Koramangala, 560034 |
| Website | https://www.finvasia.com/ | https://www.nuvamawealth.com/ | https://groww.in/ |
Compare Finvasia vs Nuvama Wealth vs Groww on research reports and tips provided by broker.
| Finvasia | Nuvama Wealth | 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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Compare Finvasia vs Nuvama Wealth vs Groww on Demat Service and Charges. This section cover about demat charges, demat service and other details
| Finvasia | Nuvama Wealth | Groww | |
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| DP Source | CDSL | CDSL | CDSL |
| DP ID | 84300 | 19100 | No |
| Demat Account Annual Maintenance Charges(AMC) | Free | Free (₹1500 one time charges) | Zero |
| Advance Deposit | Rs 0 | NIL | Nil |
| Statutory charges | Nil | Nil | Legal Charges |
| Transaction Charges on Debit (Per ISIN) | ₹9 + ₹5.50 (CDSL Charges) for every transaction | 0.02% of transaction value or ₹20 per transaction whichever is higher | ₹8 + ₹5.50 CDSL charges |
| Demat | ₹15 per certificate | ₹2 per certificate + ₹30 courier charges | ₹150 per certificate + courier charges |
| Remat | ₹15 for every hundred securities + CDSL Charges | ₹10 for every hundred securities after that ₹10 per request + ₹30 request charges | ₹150 per certificate + courier charges |
| Pledge Creation | ₹25 per transaction | 0.02% of transaction value (Min ₹50) | ₹20 + Rs. 12 per request (CDSL Charges) |
| Pledge Creation Confirmation | NIL | Nil | ₹20 + Rs. 12 per request (CDSL Charges) |
| Pledge Closure | ₹25 per transaction | 0.02% of transaction value (Min ₹50) | ₹20 + Rs. 12 per request (CDSL Charges) |
| Pledge Closure Confirmation | NIL | Nil | ₹20 + Rs. 12 per request (CDSL Charges) |
| Pledge Invocation | ₹19 per transaction | 0.02% of transaction value (Min ₹50) | ₹20 + Rs. 12 per request (CDSL Charges) |
| Failed Instruction Charges | ₹49 | Nil | ₹50 |
| Other Charges | Nil | Nil | Nil |
Compare Finvasia vs Nuvama Wealth vs Groww on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.
| Finvasia | Nuvama Wealth | Groww | |
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| Pay In and Pay Out Options | Pay-in with cheque, online bank transfer via IMPS, NEFT or RTGS, UPI, Netbanking / Payment Gateway from SCALPERT, NSET, NOW, Fox Trader, BEST Software. Pay-out / Withdrawal Fund through bank transfer only. |
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 | Up to 24 hrs except for bank holidays. | Upto 24 Hrs except Bank Holidays. | Max 24 hrs except bank holidays |
| Bank Supported and Charges | Around 20+ banks allow instant credit facility (payment gateway) with charges of Rs 9 + GST from Finvasia trading platforms. | Info Not Available | Around 25 banks allow instant credit facility with charges of Rs 9 from Groww trading platform. |
| Bank Detail | FINVASIA SECURITIES PVT LTD, Account Number:08730340000255 Bank and Branch: Plot no.28, Phase 1, Industrial Area, Chandigarh Account Type: Current Account IFSC Code:HDFC0000873 |
Nuvama Wealth, Account Number:EBL1XXXXXXXXX Bank and Branch: CitiBank, Mumbai Account Type: Current Account IFSC Code: CITI0100000 |
NA |
| Likes |
No-doubt, zero brokerage fees is the most crucial benefit available on trading with Finvasia. Check out the key pros or advantages of opening an account and trading with Finvasia as follows;
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Despite no brokerage charges levied, there are some concerns, cons, or disadvantages of trading with Finvasia, here are the points;
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| Special Offers/Promo | Free Account Opening+Free Demat AMC+Free Trading. | ||
| Enquire for Finvasia | Enquire for Nuvama Wealth | Enquire for Groww |
Last Updated on 2023-09-05T02:25:49+00:00
