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

The brokerage of SBICAP Securities ranges between .05 to 0.50%, 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 SBICAP Securities is a full service broker. Overall rating for SBICAP Securities is 4, Nuvama Wealth is rated 3.5, Groww is rated 4 out of 5.

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

Compare SBICAP Securities vs Nuvama Wealth vs Groww on Service

  SBICAP Securities Compare
SBICAP 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 NSE, BSE BSE, NSE, MCX, NCDEX NSE, BSE
Broker Overview Open a Demat & Trading Account with India’s leading SBI bank-based full-service broker, SBI Securities. A comprehensive range of products, an integrated 3-in-1 account, easy-to-use mobile app and website, fundamental and technical research ... Know more about SBICAP 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 Zerodha Request call back from Nuvama Wealth Request call back from Zerodha
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Account Opening Charges and AMC

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

In this section we have compared SBICAP Securities vs Nuvama Wealth vs Groww on trading & demat account opening charges and AMC. Trading account opening charges - Nuvama Wealth and Groww offer Free account opening where SBICAP Securities charges Rs 850 for account opeing. Demat AMC charges - SBICAP Securities charges Rs 500 PA 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 SBICAP Securities vs Nuvama Wealth vs Groww
Charges SBICAP Securities Nuvama Wealth Groww
Trading Account Opening Fees Rs 850 Free Free
Trading AMC Free Free Free
Demat Account Opening Fees Free Free Free
Demat AMC Rs 500 PA Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year] Free
Provide DP Service Yes Yes Yes
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About Brokerage Plans

Compare SBICAP Securities vs Nuvama Wealth vs Groww on Plan Options

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

Compare SBICAP Securities vs Nuvama Wealth vs Groww on Plan Options
Plan Types SBICAP Securities Nuvama Wealth Groww
Multiple Plans No Yes No
Monthly Plans No No No
Yearly Plans No No No
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Account Opening Request

Account Opening

  Zerodha Nuvama Wealth Zerodha
Account Opening Request
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Brokerage Charges

Compare SBICAP Securities vs Nuvama Wealth vs Growwon Brokerage Charges

SBICAP Securities Brokerage Plan detail - This is a standard plan by SBI Securities. This is a fixed percentage-based brokerage plan. Brokerage is between .05% to .5%, which is 5 paisa to 50 paise.

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 SBICAP Securities vs Nuvama Wealth vs Groww
Brokerage Charges Compare SBICAP Securities Nuvama Wealth Groww
Plan Name Standard or default brokerage plan Nuvama Lite Flat Brokerage Plan
Equity Delivery 0.50% Flat Rs. 10 per executed order 0.05% or Rs 20 whichever is lower
Equity Intraday 0.05% Flat Rs. 10 per executed order 0.05% or Rs 20 whichever is lower
Equity Futures 0.05% Flat Rs. 10 per executed order Flat Fee Rs 20
Equity Options Rs 100 Per Lot Flat Rs. 10 per executed order Flat Fee Rs 20
Currency Futures 0.03% Flat Rs. 10 per executed order Not Available
Currency Options Rs 30 Per Lot Flat Rs. 10 per executed order Not Available
Commodity Trading Rs. 100 per lot 0.01% Not Available
Minimum Brokerage Rs 0.05 for Cash, Rs 0.01 Future
Hidden Charges Info Not Available Info Not Available
Funding Yes - 24% interest PA Yes - 24% interest PA NA
Call & Trade Charges Free First 30 calls per month, after Rs 10 per call - Max 3 scripts can be trade per call. Rs 20 per call Rs 50 Per Executable Order
Auto Square off Charges First Free 30 per month, after Rs 10 per square-off Rs 20 Rs 50 Per Executable Order
Brokerage Calculator Brokerage Calculator for SBICAP Securities Brokerage Calculator for Nuvama Wealth Brokerage Calculator for Groww
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Share Broker's Transaction Charges

Compare SBICAP Securities vs Nuvama Wealth vs Groww on Transaction Charges

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

Transaction Charges - Compare SBICAP Securities vs Nuvama Wealth vs Groww
Transaction Charges Compare SBICAP 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 NA Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr NA
Brokerage Charges Complete Brokerage Plans for sbicap-securities Complete Brokerage Plans for nuvama-wealth Complete Brokerage Plans for groww
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Account Features

Compare SBICAP Securities vs Nuvama Wealth vs Groww on Account Features

Compare SBICAP 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 - SBICAP Securities offers 3-in-1 Account where Nuvama Wealth and Groww offers only 2-in-1 account which includes trading and demat account. Margin Funding - Nuvama Wealth and Groww offers margin funding where SBICAP Securities doesn't offers margin funding. NRI Trading - SBICAP Securities and Nuvama Wealth offers NRI Trading where Groww doesn't offers NRI Trading.

Account Features - SBICAP Securities vs Nuvama Wealth vs Groww
Account Features Compare SBICAP Securities Nuvama Wealth Groww
3 in 1 Account Yes, SBICAP Securities have 3-in-1 accounts. Bank Account, Demat and Trading account. No SBICAP 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 No Yes Yes
Combined Ledger for Equity and Commodity No No No
Intraday Square-off Time 3:15PM 3:15PM 3:10 PM
NRI Trading Yes Yes No
Other Features Trading software terminal: ODIN Diet NIL NIL
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Trading Platform

Compare SBICAP 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 SBICAP 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 SBICAP Securities vs Nuvama Wealth vs Groww
Trading Platform Compare SBICAP Securities Nuvama Wealth Groww
Desktop Trading Platform SBISMART XPRESS - NextTrader 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://login1.sbismart.com/nidp/app/login

https://tlounge.edelweiss.in/Login

Yes

Web Trading Demo Web Trading Demo Info Not Available Info Not Available
Mobile Site No Yes Yes
Mobile Trading Yes Yes Yes
Mobile Trading App SBISMART Nuvama Mobile Trader Groww App
Mobile Trading App Demo SBISMART Demo Nuvama Mobile Trader Demo Info Not Available
Android Mobile App Yes Yes Yes
Android App Download Andriod SBISMART Download Andriod Nuvama Mobile Trader Download Andriod Download
iPhone Mobile App (IOS) Yes Yes Yes
iOS App Download iOS SBISMART 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 SBICAP 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 SBICAP Securities Futures Brokerage Calculator for Nuvama Wealth Futures Brokerage Calculator for Groww
Options Brokerage Calculator Options Brokerage Calculator for SBICAP Securities Options Brokerage Calculator for Nuvama Wealth Options Brokerage Calculator for Groww
Detail Detail on Trading Platforms for sbicap-securities Detail on Trading Platforms for nuvama-wealth Detail on Trading Platforms for groww

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Broker Ratings by Users

Compare SBICAP Securities vs Nuvama Wealth vs Groww on User Rating

  SBICAP Securities Nuvama Wealth Groww
  78 Customer Reviews    Rate SBICAP 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 SBICAP Securities is Rated 2.7 / 5 based on 78 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
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Investment Offerings

Compare SBICAP Securities vs Nuvama Wealth vs Groww on Investment Offerings

Compare SBICAP 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 - Nuvama Wealth offers Commodity Trading where SBICAP Securities and 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 SBICAP Securities and Groww doesn't offers PMS facility.

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

Compare SBICAP Securities vs Nuvama Wealth vs Groww on Order Types

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

Order Types - Compare SBICAP Securities vs Nuvama Wealth vs Groww
Order Type Compare SBICAP 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 Yes No No
AMO-After Market Orders Yes Yes No
GTC-Good Till Cancelled Yes No No
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Customer Service Offered

Compare SBICAP Securities vs Nuvama Wealth vs Groww on Customer Service

Compare SBICAP 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 SBICAP Securities vs Nuvama Wealth vs Groww
Customer Service Compare SBICAP Securities Nuvama Wealth Groww
24/7 Customer Service No No No
Email Support Yes Yes Yes
Onine Live Chat No No Yes
Phone Support Yes Yes Yes
Toll Free Number Yes Yes No
Through Branches Yes Yes No
Customer Care Number 022 6854 5555 1800 102 3335 9108800604
Account Opening Process Offline Online/Paperless Online
Customer Support Email [email protected] [email protected] [email protected]
Knowledge Center/Education https://www.sbismart.com/education https://www.nuvamawealth.com/investology https://groww.in/academy
Head Office Address SBICAP SECURITIES LTD.,
A&B WING, MARATHON FUTUREX
12TH FLOOR, N.M.JOSHI MARG
LOWER PAREL,
MUMBAI - 400013
Edelweiss House,
Off CST Road,
Kalina,
Mumbai - 400098
Groww Head Office
1st Floor, Proms Complex, SBI Colony,
1 A Koramangala, 560034
Website https://www.sbismart.com https://www.nuvamawealth.com/ https://groww.in/
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Tips/Research/Reports Published

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

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

Research Reports - Compare SBICAP Securities vs Nuvama Wealth vs Groww
  SBICAP 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
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Demat Account

Compare SBICAP Securities vs Nuvama Wealth vs Groww on Demat Account

Compare SBICAP 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 SBICAP Securities vs Nuvama Wealth vs Groww
  SBICAP Securities Nuvama Wealth Groww
DP Source CDSL CDSL CDSL
DP ID 19300 19100 No
Demat Account Annual Maintenance Charges(AMC) ₹500 Free (₹1500 one time charges) Zero
Advance Deposit 0 for all NIL Nil
Statutory charges Nil Nil Legal Charges
Transaction Charges on Debit (Per ISIN) 0.01% of the transaction value (Min ₹21 and Max ₹300) 0.02% of transaction value or ₹20 per transaction whichever is higher ₹8 + ₹5.50 CDSL charges
Demat ₹5 per certificate + ₹35 courier charges ₹2 per certificate + ₹30 courier charges ₹150 per certificate + courier charges
Remat ₹35 per certificate + CDSL Charges ₹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 or Min ₹25 whichever is higher + CSDL charges 0.02% of transaction value (Min ₹50) ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Creation Confirmation 0.02% of transaction value or Min ₹25 whichever is higher + CSDL charges Nil ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Closure 0.02% of transaction value or Min ₹25 whichever is higher + CSDL charges 0.02% of transaction value (Min ₹50) ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Closure Confirmation 0.02% of transaction value or Min ₹25 whichever is higher + CSDL charges Nil ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Invocation 0.02% of transaction value or Min ₹25 whichever is higher + CSDL charges 0.02% of transaction value (Min ₹50) ₹20 + Rs. 12 per request (CDSL Charges)
Failed Instruction Charges ₹10 Nil ₹50
Other Charges Nil Nil Nil
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Special Offers,Advantages,Disadvantages

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

Compare SBICAP 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 SBICAP Securities vs Nuvama Wealth vs Groww on Special Offers and Promotion
  SBICAP Securities Nuvama Wealth Groww
Pay In and Pay Out Options Pay-in/adding funds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from SBISmart Mobile, SBISMART XPRESS Desktop and SBISMART Web application.
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 Upto 24 Hrs except Bank Holidays. Upto 24 Hrs except Bank Holidays. Max 24 hrs except bank holidays
Bank Supported and Charges Direct to SBI Bank. Info Not Available Around 25 banks allow instant credit facility with charges of Rs 9 from Groww trading platform.
Bank Detail Direct to SBI bank account Nuvama Wealth,
Account Number:EBL1XXXXXXXXX
Bank and Branch: CitiBank, Mumbai
Account Type: Current Account
IFSC Code: CITI0100000
NA
Likes
  • Trade on BSE, NSE, and MCX.
  • Instant paperless 3-in-1 account opening with SBI Bank.
  • Free web and app-based trading platforms.
  • Invest in IPO, mutual funds, insurance, and get loans.
  • Place upto 5 IPO applications from a single bank account.
  • Comprehensive fundamental and technical research services across asset classes.
  • Free trading tips and recommendations.
  • Educative blogs, and videos as a learning source.
  • Margin trading services.
  • Advance orders; bracket order (BO), Cover order (CO), and after market order (AMO).
  • Place Good Till Date (GTD) order.

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
  • It charges high brokerage than other brokers like Zerodha, Upstox, etc.
  • It does not provide any desktop trading software for pro traders.
  • The first 30 calls & trade orders are free and then, Rs. 10 per order + GST fee is charged.
  • It doesn’t have any fixed/flat discount brokerage plan.
  • Customers are not satisfied with the SBI Securities services.

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 SBICAP Securities Enquire for Nuvama Wealth Enquire for Groww

Last Updated on 2023-09-13T02:35:55+00:00