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The brokerage of Nuvama Wealth ranges between Rs 10, the brokerage of Groww ranges between Rs 20, while the brokerage of ProStocks ranges between Rs 15. All 3 brokers are discount brokers. Overall rating for Nuvama Wealth is 3.5, Groww is rated 4, ProStocks is rated 4 out of 5.
Here we present side-by-side comparison of Nuvama Wealth vs Groww vs ProStocks stock brokers in India. The comparison is based on more than 100+ attributes for each stock broker. To be precise, we have compared Nuvama Wealth vs Groww vs ProStocks 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 Nuvama Wealth vs Groww vs ProStocks in this setion with 360 degree view of broker information.
 Nuvama Wealth |
 Groww |
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| Broker Type | Discount Broker | Discount Broker | Discount Broker |
| Exchanges Supported | BSE, NSE, MCX, NCDEX | NSE, BSE | NSE, BSE |
| 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 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... |
Best discount broker for high-volume active traders as well as everyday investors. Zero brokerage monthly trading plans at just Rs. 899 (equity and equity derivatives), Rs. 499 (currency trading), and ultra-fast ProStocks Desktop terminal makes it an... |
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In this section we have compared Nuvama Wealth vs Groww vs ProStocks on trading & demat account opening charges and AMC. Trading account opening charges - All 3 brokers offers Free Trading account opening. Demat AMC charges - Nuvama Wealth charges Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year] as AMC for Demat account, Groww charges Free AMC for Demat account, where ProStocks charges Rs 0 (Rs 1000 Refundable Deposit) AMC for Demat account.
| Charges | Nuvama Wealth | Groww | ProStocks |
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| Trading Account Opening Fees | Free | Free | Free |
| Trading AMC | Free | Free | Free |
| Demat Account Opening Fees | Free | Free | Free |
| Demat AMC | Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year] | Free | Rs 0 (Rs 1000 Refundable Deposit) |
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Plans are the most important feature you look when compare Nuvama Wealth vs Groww vs ProStocks. This section copare on high level about type of plans offered by brokers. Miltiple Plans - Nuvama Wealth and ProStocks offers Multiple Plans where Groww doesn't offer. Monthlay Plans - ProStocks offers Monthy Plans where Nuvama Wealth and Groww doesn't offer.
| Plan Types | Nuvama Wealth | Groww | ProStocks |
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| Nuvama Wealth | Zerodha | ProStocks | |
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| Account Opening Request |
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.
ProStocks Brokerage Plan detail - Free Delivery Trading, Rs 15, per trade-in any other segment, fix price, no worries of volume and size of a trade. NO PCM FEE.
| Brokerage Charges Compare | Nuvama Wealth | Groww | ProStocks |
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| Plan Name | Nuvama Lite | Flat Brokerage Plan | Flat Fee Rs 15 Trading Plan |
| Equity Delivery | Flat Rs. 10 per executed order | 0.05% or Rs 20 whichever is lower | Free |
| Equity Intraday | Flat Rs. 10 per executed order | 0.05% or Rs 20 whichever is lower | Flat Fee Rs 15 |
| Equity Futures | Flat Rs. 10 per executed order | Flat Fee Rs 20 | Flat Fee Rs 15 |
| Equity Options | Flat Rs. 10 per executed order | Flat Fee Rs 20 | Flat Fee Rs 15 |
| Currency Futures | Flat Rs. 10 per executed order | Not Available | Flat Fee Rs 15 |
| Currency Options | Flat Rs. 10 per executed order | Not Available | Flat Fee Rs 15 |
| Commodity Trading | 0.01% | Not Available | NA |
| Minimum Brokerage | NA | ||
| Hidden Charges | Info Not Available | Info Not Available | |
| Funding | Yes - 24% interest PA | Info Not Available | No |
| Call & Trade Charges | Rs 20 per call | Rs 50 Per Executable Order | Delivery Rs 25, Intraday and F&O Rs 10 per executed order |
| Auto Square off Charges | Rs 20 | Rs 50 Per Executable Order | Delivery Rs 25, Intraday and F&O Rs 10 per executed order |
| Brokerage Calculator | Brokerage Calculator for Nuvama Wealth | Brokerage Calculator for Groww | Brokerage Calculator for ProStocks |
Compare Nuvama Wealth vs Groww vs ProStocks on transaction charges and PCM fee by segment.
| Transaction Charges Compare | Nuvama Wealth | Groww | ProStocks |
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| 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 | NA | NA |
| Brokerage Charges | Complete Brokerage Plans for nuvama-wealth | Complete Brokerage Plans for groww | Complete Brokerage Plans for prostocks |
Compare Nuvama Wealth vs Groww vs ProStocks 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 ProStocks doesn't offers margin funding. NRI Trading - Nuvama Wealth and ProStocks offers NRI Trading where Groww doesn't offers NRI Trading.
| Account Features Compare | Nuvama Wealth | Groww | ProStocks |
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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 | 3:15PM | 3:10 PM | 3:15PM |
| 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 Nuvama Wealth vs Groww vs ProStocks. 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 | Nuvama Wealth | Groww | ProStocks |
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| Desktop Trading Platform | Xtreme Trader | Groww App | Star ProStocks |
| Desktop Demo | Desktop Demo | Info Not Available | Info Not Available |
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| Web Trading Platform | |
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| Web Trading Detail |
https://tlounge.edelweiss.in/Login |
Yes |
https://www.prostocksweb.com/ |
| Web Trading Demo | Info Not Available | Info Not Available | Info Not Available |
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| Mobile Trading App | Nuvama Mobile Trader | Groww App | Star ProStocks |
| Mobile Trading App Demo | Nuvama Mobile Trader Demo | Info Not Available | Info Not Available |
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| Android App Download | Andriod Nuvama Mobile Trader Download | Andriod Groww App Download | Andriod Download |
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| iOS App Download | iOS Nuvama Mobile Trader Download | iOS Groww App Download | iOS Star ProStocks Download |
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| Trading Software Charges | Free | Free | Free |
| Equity Brokerage Calculator | Equity Intraday and Delivery Brokerage Calculator for Nuvama Wealth | Equity Intraday and Delivery Brokerage Calculator for Groww | Equity Intraday and Delivery Brokerage Calculator for ProStocks |
| Futures Brokerage Calculator | Futures Brokerage Calculator for Nuvama Wealth | Futures Brokerage Calculator for Groww | Futures Brokerage Calculator for ProStocks |
| Options Brokerage Calculator | Options Brokerage Calculator for Nuvama Wealth | Options Brokerage Calculator for Groww | Options Brokerage Calculator for ProStocks |
| Detail | Detail on Trading Platforms for nuvama-wealth | Detail on Trading Platforms for groww | Detail on Trading Platforms for prostocks |
| Nuvama Wealth | Groww | ProStocks | ||
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4 Customer Reviews
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8 Customer Reviews
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4 Customer Reviews
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| Fees Ratings | ||||
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| Trading Platform Usability | ||||
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| Overall Ratings | ||||
| Broker Rating | Nuvama Wealth is Rated 2.0 / 5 based on 4 customer reviews | Groww is Rated 4.3 / 5 based on 8 customer reviews | ProStocks is Rated 4.5 / 5 based on 4 customer reviews |
Compare Nuvama Wealth vs Groww vs ProStocks 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 - Nuvama Wealth offers Commodity Trading where Groww and ProStocks doesn't offers Commodity Trading. Online Mutual Fund Investment - Nuvama Wealth and Groww offers online mutual fund investment where ProStocks doesn't offers mutual fund investment. Portfolio Management Services (PMS) - Nuvama Wealth offers PMS facility where Groww and ProStocks doesn't offers PMS facility.
| Investment Offerings Compare | Nuvama Wealth | Groww | ProStocks |
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| Other Investment Options | NIL | NIL | NIL |
Order Type - Compare Nuvama Wealth vs Groww vs ProStocks 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) - Nuvama Wealth and ProStocks provides Cover Orders (CO) facility where Groww doesn't provides Cover Orders. Bracket Orders (BO) - ProStocks provides Bracket Orders (BO) facility where Nuvama Wealth and Groww doesn't provides Bracket Orders. After Market Orders (AMO) - Nuvama Wealth and ProStocks AMO facility where Groww doesn't provides AMO. GTC Orders - ProStocks offers Good Till Cancelled (GTC) orders facility where Nuvama Wealth and Groww doesn't provides GTC.
| Order Type Compare | Nuvama Wealth | Groww | ProStocks |
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Compare Nuvama Wealth vs Groww vs ProStocks 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 | Nuvama Wealth | Groww | ProStocks |
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| 24/7 Customer Service | |
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| Customer Care Number | 1800 102 3335 | 9108800604 | +91-2262-434343 |
| Account Opening Process | Online/Paperless | Online | Online/Paperless |
| Customer Support Email | [email protected] | [email protected] | [email protected] |
| Knowledge Center/Education | https://www.nuvamawealth.com/investology | https://groww.in/academy | https://www.prostocks.com/faq.html |
| Head Office Address | Edelweiss House, Off CST Road, Kalina, Mumbai - 400098 |
Groww Head Office 1st Floor, Proms Complex, SBI Colony, 1 A Koramangala, 560034 | Sunlight Broking LLP, B-50, Pravasi Industrial Estate, Goregaon (East), Mumbai - 400063 |
| Website | https://www.nuvamawealth.com/ | https://groww.in/ | https://www.prostocks.com |
Compare Nuvama Wealth vs Groww vs ProStocks on research reports and tips provided by broker.
| Nuvama Wealth | Groww | ProStocks | |
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| Research Mutual Funds | |
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| Research Equity Reports | |
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| Research ETF | |
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Compare Nuvama Wealth vs Groww vs ProStocks on Demat Service and Charges. This section cover about demat charges, demat service and other details
| Nuvama Wealth | Groww | ProStocks | |
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| DP Source | CDSL | CDSL | CDSL |
| DP ID | 19100 | No | 83200 |
| Demat Account Annual Maintenance Charges(AMC) | Free (₹1500 one time charges) | Zero | Free (₹1000 Refundable Deposit) |
| Advance Deposit | NIL | Nil | 1000/- Refundable Deposit against charges |
| Statutory charges | Nil | Legal Charges | Nil |
| Transaction Charges on Debit (Per ISIN) | 0.02% of transaction value or ₹20 per transaction whichever is higher | ₹8 + ₹5.50 CDSL charges | ₹20 per ISIN |
| Demat | ₹2 per certificate + ₹30 courier charges | ₹150 per certificate + courier charges | ₹50 per set up + ₹50 courier charges |
| Remat | ₹10 for every hundred securities after that ₹10 per request + ₹30 request charges | ₹150 per certificate + courier charges | ₹50 per set up + ₹50 courier charges |
| Pledge Creation | 0.02% of transaction value (Min ₹50) | ₹20 + Rs. 12 per request (CDSL Charges) | ₹50 |
| Pledge Creation Confirmation | Nil | ₹20 + Rs. 12 per request (CDSL Charges) | Nil |
| Pledge Closure | 0.02% of transaction value (Min ₹50) | ₹20 + Rs. 12 per request (CDSL Charges) | ₹50 |
| Pledge Closure Confirmation | Nil | ₹20 + Rs. 12 per request (CDSL Charges) | Nil |
| Pledge Invocation | 0.02% of transaction value (Min ₹50) | ₹20 + Rs. 12 per request (CDSL Charges) | ₹50 |
| Failed Instruction Charges | Nil | ₹50 | ₹50 per transaction |
| Other Charges | Nil | Nil | Nil |
Compare Nuvama Wealth vs Groww vs ProStocks on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.
| Nuvama Wealth | Groww | ProStocks | |
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| Pay In and Pay Out Options | 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 |
Pay-in/adding funds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from Prostocks Mobile, Prostocks Desktop and Prostocks Web application. Pay-out/Fund Withdrawal - Bank Transfer only |
| Payout Time | Upto 24 Hrs except Bank Holidays. | Max 24 hrs except bank holidays | Upto 24 Hrs except Bank Holidays. |
| Bank Supported and Charges | Info Not Available | Around 25 banks allow instant credit facility with charges of Rs 9 from Groww trading platform. | Around 23 banks allow instant credit facility(Payment Gateway) with charges of Rs 9+GST from Prostocks trading platforms. |
| Bank Detail | Nuvama Wealth, Account Number:EBL1XXXXXXXXX Bank and Branch: CitiBank, Mumbai Account Type: Current Account IFSC Code: CITI0100000 |
Info Not Available | SUNLIGHT BROKING LLP, Account Number:00600340080912 Bank and Branch: HDFC BANK, FORT Account Type: Current Account IFSC Code: HDFC0000060 |
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| Special Offers/Promo | ProStocks offer FREE Trading + Demat Account (NO AMC). You can trade unlimited in equity segment for Rs 899/month or choose Rs 15 per trade plan. Thereby saving up to 90% on brokerage. ProStocks also offer Rs 0 Demat AMC with one time Rs 1000 refundable deposit. | ||
| Enquire for Nuvama Wealth | Enquire for Groww | Enquire for ProStocks |
Last Updated on 2024-01-15T22:01:18+00:00
