FREE Account Opening + Zero AMC Fees* + MutualFund SIP1
Loading...

IIFL Securities Vs Nuvama Wealth Vs Groww: Which one is better?

The brokerage of IIFL Securities ranges between Rs 20, the brokerage of Nuvama Wealth ranges between Rs 10, while the brokerage of Groww ranges between Rs 20. The broker Nuvama Wealth and Groww are a discount brokers where IIFL Securities is a full service broker. Overall rating for IIFL Securities is 4, Nuvama Wealth is rated 3.5, Groww is rated 4 out of 5.

Here we present side-by-side comparison of IIFL Securities 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 IIFL Securities 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 IIFL Securities vs Nuvama Wealth vs Groww in this setion with 360 degree view of broker information.

Compare IIFL Securities vs Nuvama Wealth vs Groww on Service

  IIFL Securities Compare
IIFL Securities
Nuvama Wealth Compare
Nuvama Wealth
Groww Compare
Groww
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type Full Service Broker Discount Broker Discount Broker
Exchanges Supported BSE, NSE, MCX, NCDEX BSE, NSE, MCX, NCDEX NSE, BSE
Broker Overview IIFL (India Infoline) is one of the prominent full-service brokers in India backed by complete investment planning solutions, cutting-edge technology platforms (IIFL Markets app and Trader Terminal), the industry’s best research & advisory,... Know more about IIFL Securities 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...Know more about Nuvama Wealth 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... Know more about Groww
Broker Enquiry Request call back from IIFL Securities Request call back from Nuvama Wealth Request call back from Zerodha
Expand

Account Opening Charges and AMC

Compare IIFL Securities vs Nuvama Wealth vs Groww on Trading & Demat Account Opening Charges

In this section we have compared IIFL Securities 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 - IIFL Securities charges Rs 250 PA (Free for 1st year) 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.

Trading & Demat Account Opening Charges - Compare IIFL Securities vs Nuvama Wealth vs Groww
Charges IIFL Securities Nuvama Wealth Groww
Trading Account Opening Fees Free Free Free
Trading AMC Free Free Free
Demat Account Opening Fees Free Free Free
Demat AMC Rs 250 PA (Free for 1st year) Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year] Free
Provide DP Service Yes Yes Yes
Expand

About Brokerage Plans

Compare IIFL Securities vs Nuvama Wealth vs Groww on Plan Options

Plans are the most important feature you look when compare IIFL Securities 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 IIFL Securities and Groww doesn't offer. Monthlay Plans - All 3 brokers don't have Monthy Plans.

Compare IIFL Securities vs Nuvama Wealth vs Groww on Plan Options
Plan Types IIFL Securities Nuvama Wealth Groww
Multiple Plans No Yes No
Monthly Plans No No No
Yearly Plans No No No
Expand

Account Opening Request

Account Opening

  IIFL Securities Nuvama Wealth Zerodha
Account Opening Request
Expand

Brokerage Charges

Compare IIFL Securities vs Nuvama Wealth vs Growwon Brokerage Charges

IIFL Securities Brokerage Plan detail - IIFL iSERVE flat discount brokerage plan charges a maximum of Rs. 20 per order brokerage across segments.

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 IIFL Securities vs Nuvama Wealth vs Groww
Brokerage Charges Compare IIFL Securities Nuvama Wealth Groww
Plan Name IIFL iSERVE Brokerage Plan Nuvama Lite Flat Brokerage Plan
Equity Delivery Flat Rs 20 per order Flat Rs. 10 per executed order 0.05% or Rs 20 whichever is lower
Equity Intraday Flat Rs 20 per order Flat Rs. 10 per executed order 0.05% or Rs 20 whichever is lower
Equity Futures Flat Rs 20 per order Flat Rs. 10 per executed order Flat Fee Rs 20
Equity Options Flat Rs 20 per order Flat Rs. 10 per executed order Flat Fee Rs 20
Currency Futures Flat Rs 20 per order Flat Rs. 10 per executed order Not Available
Currency Options Flat Rs 20 per order Flat Rs. 10 per executed order Not Available
Commodity Trading Flat Rs 20 per order 0.01% Not Available
Minimum Brokerage
Hidden Charges Info Not Available Info Not Available
Funding Yes - 18% interest PA Yes - 24% interest PA NA
Call & Trade Charges Rs 50 Per Call + GST Rs 20 per call Rs 50 Per Executable Order
Auto Square off Charges Rs 50 Per Call + GST Rs 20 Rs 50 Per Executable Order
Brokerage Calculator Brokerage Calculator for IIFL Securities Brokerage Calculator for Nuvama Wealth Brokerage Calculator for Groww
Expand

Share Broker's Transaction Charges

Compare IIFL Securities vs Nuvama Wealth vs Groww on Transaction Charges

Compare IIFL Securities vs Nuvama Wealth vs Groww on transaction charges and PCM fee by segment.

Transaction Charges - Compare IIFL Securities vs Nuvama Wealth vs Groww
Transaction Charges Compare IIFL Securities 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 iifl-securities Complete Brokerage Plans for nuvama-wealth Complete Brokerage Plans for groww
Expand

Account Features

Compare IIFL Securities vs Nuvama Wealth vs Groww on Account Features

Compare IIFL Securities 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 -All 3 brokers offers Margin funding. Interest need to be paid on borrowed money. NRI Trading - IIFL Securities and Nuvama Wealth offers NRI Trading where Groww doesn't offers NRI Trading.

Account Features - IIFL Securities vs Nuvama Wealth vs Groww
Account Features Compare IIFL Securities Nuvama Wealth Groww
3 in 1 Account No IIFL Securities have 2-in-1 account. Only Demate and Trading account. No IIFL Securities have 2-in-1 account. Only Demate and Trading account. No Groww have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes Yes
Algo Trading No Yes No
SMS Alerts Yes Yes No
Online Demo Yes Yes No
Online Portfolio Yes Yes Yes
Margin Trading Funding Available Yes Yes Yes
Combined Ledger for Equity and Commodity Yes No No
Intraday Square-off Time 3:15PM 3:15PM 3:10 PM
NRI Trading Yes Yes No
Other Features NIL NIL NIL
Expand

Trading Platform

Compare IIFL Securities vs Nuvama Wealth vs Growwon Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w IIFL Securities 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 IIFL Securities vs Nuvama Wealth vs Groww
Trading Platform Compare IIFL Securities Nuvama Wealth Groww
Desktop Trading Platform IIFL Trader terminal Xtreme Trader Groww App
Desktop Demo Desktop Demo Desktop Demo Info Not Available
Desktop Platform (Windows) Yes Yes No
Desktop Platform (Mac) No No No
Web Trading Platform Yes Yes Yes
Web Trading Detail

https://ttweb.indiainfoline.com

https://tlounge.edelweiss.in/Login

Yes

Web Trading Demo Info Not Available Info Not Available Info Not Available
Mobile Site Yes Yes Yes
Mobile Trading Yes Yes Yes
Mobile Trading App IIFL Markets Nuvama Mobile Trader Groww App
Mobile Trading App Demo IIFL Markets Demo Nuvama Mobile Trader Demo Info Not Available
Android Mobile App Yes Yes Yes
Android App Download Andriod IIFL Markets Download Andriod Nuvama Mobile Trader Download Andriod Download
iPhone Mobile App (IOS) Yes Yes Yes
iOS App Download iOS IIFL Markets Download iOS Nuvama Mobile Trader Download iOS Groww App Download
Android Tablet App Yes Yes Yes
iPad App (IOS) Yes Yes Yes
Trading Software Charges Free Free Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for IIFL Securities Equity Intraday and Delivery Brokerage Calculator for Nuvama Wealth Equity Intraday and Delivery Brokerage Calculator for Groww
Futures Brokerage Calculator Futures Brokerage Calculator for IIFL Securities Futures Brokerage Calculator for Nuvama Wealth Futures Brokerage Calculator for Groww
Options Brokerage Calculator Options Brokerage Calculator for IIFL Securities Options Brokerage Calculator for Nuvama Wealth Options Brokerage Calculator for Groww
Detail Detail on Trading Platforms for iifl-securities Detail on Trading Platforms for nuvama-wealth Detail on Trading Platforms for groww

Expand

Broker Ratings by Users

Compare IIFL Securities vs Nuvama Wealth vs Groww on User Rating

  IIFL Securities Nuvama Wealth Groww
  82 Customer Reviews    Rate IIFL Securities 4 Customer Reviews    Rate Nuvama Wealth 8 Customer Reviews    Rate Groww
Fees Ratings
Trading Brokerage Rating
Trading Platform Usability
Customer Service Ratings
Overall Ratings
Broker Rating IIFL Securities is Rated 2.8 / 5 based on 82 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
Expand

Investment Offerings

Compare IIFL Securities vs Nuvama Wealth vs Groww on Investment Offerings

Compare IIFL Securities 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 - IIFL Securities 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) - IIFL Securities and Nuvama Wealth offers PMS facility where Groww doesn't offers PMS facility.

Investment Offerings - Compare IIFL Securities vs Nuvama Wealth vs Groww
Investment Offerings Compare IIFL Securities Nuvama Wealth Groww
Equity Cash and F&O Yes Yes Yes
Currency Deravitives Yes Yes No
Commodity Yes Yes No
Online IPO Application Yes No Yes
Mutual Funds Yes Yes Yes
Bond / NCD Yes Yes No
ETF Yes Yes Yes
Banking No No No
Insurance Yes Yes No
Forex No No No
MF SIP Investment Yes Yes Yes
Equity SIP Investment Yes Yes No
PMS Service Yes Yes No
Other Investment Options NIL NIL NIL
Expand

Order Types

Compare IIFL Securities vs Nuvama Wealth vs Groww on Order Types

Order Type - Compare IIFL Securities 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) - IIFL Securities and Nuvama Wealth provides Cover Orders (CO) facility where Groww doesn't provides Cover Orders. Bracket Orders (BO) - All 3 brokers doesn't have Bracket Orders (BO) facility. After Market Orders (AMO) - IIFL Securities and Nuvama Wealth AMO facility where Groww doesn't provides AMO. GTC Orders - IIFL Securities offers Good Till Cancelled (GTC) orders facility where Nuvama Wealth and Groww doesn't provides GTC.

Order Types - Compare IIFL Securities vs Nuvama Wealth vs Groww
Order Type Compare IIFL Securities Nuvama Wealth Groww
CNC order Yes Yes Yes
MIS order Yes Yes Yes
NRML order Yes Yes Yes
Cover order Yes Yes No
Bracket order No No No
AMO-After Market Orders Yes Yes No
GTC-Good Till Cancelled Yes No No
Expand

Customer Service Offered

Compare IIFL Securities vs Nuvama Wealth vs Groww on Customer Service

Compare IIFL Securities 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 Support - Compare IIFL Securities vs Nuvama Wealth vs Groww
Customer Service Compare IIFL Securities Nuvama Wealth Groww
24/7 Customer Service Yes No No
Email Support Yes Yes Yes
Onine Live Chat Yes No Yes
Phone Support Yes Yes Yes
Toll Free Number Yes Yes No
Through Branches Yes Yes No
Customer Care Number 022-40071000 1800 102 3335 9108800604
Account Opening Process Online/Paperless Online/Paperless Online
Customer Support Email [email protected] [email protected] [email protected]
Knowledge Center/Education https://ttweb.indiainfoline.com/Trade/FAQs/Statements.aspx https://www.nuvamawealth.com/investology https://groww.in/academy
Head Office Address IIFL House, Sun Infotech Park,
Road No. 16V, Plot No. B-23,
MIDC, Thane Industrial Area,
Wagle Estate, Thane-MH-400604
Edelweiss House,
Off CST Road,
Kalina,
Mumbai - 400098
Groww Head Office
1st Floor, Proms Complex, SBI Colony,
1 A Koramangala, 560034
Website https://www.indiainfoline.com/ https://www.nuvamawealth.com/ https://groww.in/
Expand

Tips/Research/Reports Published

Compare IIFL Securities vs Nuvama Wealth vs Groww on Research Reports, Tips

Compare IIFL Securities vs Nuvama Wealth vs Groww on research reports and tips provided by broker.

Research Reports - Compare IIFL Securities vs Nuvama Wealth vs Groww
  IIFL Securities Nuvama Wealth Groww
Research Mutual Funds Yes Yes No
Research Equity Reports Yes Yes No
Research ETF Yes Yes No
Daily Market Report Yes Yes No
Free Tips Yes Yes No
Quarterly Result Analysis Yes Yes No
News Alerts Yes Yes No
Expand

Demat Account

Compare IIFL Securities vs Nuvama Wealth vs Groww on Demat Account

Compare IIFL Securities vs Nuvama Wealth vs Groww on Demat Service and Charges. This section cover about demat charges, demat service and other details

Demat Charges - Compare IIFL Securities vs Nuvama Wealth vs Groww
  IIFL Securities Nuvama Wealth Groww
DP Source CDSL CDSL CDSL
DP ID 44700 19100 No
Demat Account Annual Maintenance Charges(AMC) ₹400 pa Free (₹1500 one time charges) Zero
Advance Deposit Nil NIL Nil
Statutory charges Nil Nil Legal Charges
Transaction Charges on Debit (Per ISIN) 0.04% of transaction value (Min ₹25) + ₹5.50 (CDSL Charges) 0.02% of transaction value or ₹20 per transaction whichever is higher ₹8 + ₹5.50 CDSL charges
Demat ₹15 per certificate + ₹40 courier charges ₹2 per certificate + ₹30 courier charges ₹150 per certificate + courier charges
Remat ₹15 for every hundred securities or ₹15 per certificate (whichever is higher) + ₹40 courier charges ₹10 for every hundred securities after that ₹10 per request + ₹30 request charges ₹150 per certificate + courier charges
Pledge Creation ₹50 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 Nil 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 Nil 0.02% of transaction value (Min ₹50) ₹20 + Rs. 12 per request (CDSL Charges)
Failed Instruction Charges Nil Nil ₹50
Other Charges Nil Nil Nil
Expand

Special Offers,Advantages,Disadvantages

Compare IIFL Securities vs Nuvama Wealth vs Groww on Special Offers and Promotion

Compare IIFL Securities vs Nuvama Wealth vs Groww on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.

Compare IIFL Securities vs Nuvama Wealth vs Groww on Special Offers and Promotion
  IIFL Securities Nuvama Wealth Groww
Pay In and Pay Out Options Pay-in/adding funbds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from TradeTerminal or TTWeb or Mobile App.
Pay-out/Fund Withdrawal - 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 Max 24 hrs except bank holidays, Minimum balance of Rs 1000 need to be maintain.Amount shold be greter then Rs 999. Upto 24 Hrs except Bank Holidays. Max 24 hrs except bank holidays
Bank Supported and Charges Around 23 banks allow instant credit facility (Payment Gateway) with charges of Rs 9 from IIFL trading platforms. Info Not Available Around 25 banks allow instant credit facility with charges of Rs 9 from Groww trading platform.
Bank Detail India Infoline Ltd
Account No.:IILEQ1XXXX
Bank:YES BANK
Branch:MUMBAI
Account Type:CURRENT
IFSC Code:YESB0CMSNOC
Nuvama Wealth,
Account Number:EBL1XXXXXXXXX
Bank and Branch: CitiBank, Mumbai
Account Type: Current Account
IFSC Code: CITI0100000
NA
Likes
  • Hassle-free onboarding process at zero paperwork.
  • Zero Demat AMC for 1 year.
  • Lowest brokerage online trading at just Rs. 20/order
  • Free state-of-the-art mobile app, web, and desktop trading software.
  • Paperless mutual fund investment at zero brokerage.
  • Smart tools like order slicing, equitySIP, futures & options strategy builder, algo trading, advanced screeners, etc.
  • Comprehensive equity and mutual funds research.
  • Pre-IPO apply
  • Place bracket order (BO), cover order (CO), aftermarket order (AMO), and Valid Till Date (VTD) order.
  • Margin trading facility.
  • Blogs and knowledge center for beginners.

Detail Review...

  • Multiple products; equity, derivatives, IPO, mutual funds, bonds, debt instruments.
  • Trade at Rs 10/order flat brokerage
  • Free Guided Portfolio, an expert-curated basket for investors
  • User-friendly interface of Markets mobile app and TX3 terminal
  • Get free expert research reports and trading tips.
  • Place bracket order, cover order, and GTD order.
  • Investology, is a stock market learning platform for beginners to experts.
  • Margin trading facility.
  • Decent physical presence with branches

Detail Review...

  • Trade or invest in equity, F&O, mutual funds, IPO, US Stocks
  • Rs 0 account opening fee with no AMC
  • Best UI Interface-enabled app and website
  • Equity and F&O trading at Rs 20 maximum brokerage
  • No cost investment in direct mutual funds.
  • TradingView charts and wide range of technical indicators
  • Advance orders like GTT, Target order, and Basket order
  • Get instant and flexible loans on Groww
  • Get the latest trending news and updates on the Groww Digest

Detail Review...

Dislikes
  • IIFL not being a part of any banking organization does not provide a 3-in-1 account opening facility to trade with ease and flexibility.
  • If you only invest in stocks (Delivery, CNC order) then Zerodha and Prostocks are the best brokers who offer free delivery trading.

Detail Review...

  • NRI trading is not offered.
  • No 3-in-1 account opening services
  • Call & trade and research services are available at additional cost in Lite plan.
  • Brokerage charges are high in the Elite % based pricing plan.

Detail Review...

  • Does not offer commodity and currency trading
  • No desktop trading terminal
  • Bracket order and cover order are not available
  • No intraday trading tips and stock research reports
  • NRIs cannot open an account in Groww

Detail Review...

Special Offers/Promo
Enquire for IIFL Securities Enquire for Nuvama Wealth Enquire for Groww

Last Updated on 2023-09-14T04:42:55+00:00