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About Nuvama (Edelweiss)
Incorporated in 2008, Nuvama Wealth & Investment Limited (formerly Edelweiss Broking Ltd.) is a Mumbai, India-based full-service stockbroking firm.
The Retail Broking business of Nuvama offers facilities to invest & trade in all major asset classes: Equity, Debt, Mutual Funds, IPOs, Currency Derivatives, commodities, and Futures & Options.
Nuvama offers investment advice backed by research and analysis to its customers across asset classes, trading styles and time horizons. Nuvama has the best...
About Groww
Groww is a Bangalore based broker offering online flat fee discount brokerage services to invest in Equity, IPO, and Direct Mutual Funds. Groww is the brand name for Nextbillion Technology Private Limited who is a SEBI registered stockbroker and a member of NSE and BSE.
Established in 2016, Groww initially started as a direct mutual fund investment platform. In the mid-2020s, Groww expanded its product offering to include Equity trading. The company also offers Digital gold, US Stocks, and Fixe...
Incorporated in 2002, Nuvama (Edelweiss) is a Full Service Broker. It offers trading at BSE, NSE, MCX, NCDEX. It has 237 branches across India. Incorporated in 2016, Groww is a Discount Broker. It offers trading at NSE and BSE. It has 0 branches across India.
Nuvama (Edelweiss) | Groww | |
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Type of Broker | Full Service Broker | Discount Broker |
Exchnage Membership | BSE, NSE, MCX, NCDEX | NSE and BSE |
Year of Incorporation | 2002 | 2016 |
Number of Branches | 237 | 0 |
Open Nuvama (Edelweiss) Account |
Nuvama (Edelweiss) trading account opening charges is Rs 0 (Free) while Groww account opening changes is Rs 0 (Free). Nuvama (Edelweiss) Demat Account AMC Charges is Rs 500 (1st Year Free) and Groww Demat Account AMC Charges is Rs 0.
Nuvama (Edelweiss) | Groww | |
---|---|---|
Trading Account Opening Charges | Rs 0 (Free) | Rs 0 (Free) |
Trading Account AMC Charges | Rs 0 | Rs 0 |
Demat Account Opening Charges | Rs 0 (Free) | Rs 0 |
Demat Account AMC Charges | Rs 500 (1st Year Free) | Rs 0 |
Nuvama (Edelweiss) brokerage charges for equity is Rs 10 per executed order and intraday is Rs 10 per executed order whereas Groww brokerage charges for equity is Rs 20 per executed order or 0.05% whichever is lower and intraday is Rs 20 per executed order or 0.05% whichever is lower.
Account Type | Nuvama (Edelweiss) Nuvama Lite | Groww Standard Plan |
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Fixed Charges | NA | NA |
Equity Delivery | Rs 10 per executed order | Rs 20 per executed order or 0.05% whichever is lower |
Equity Intraday | Rs 10 per executed order | Rs 20 per executed order or 0.05% whichever is lower |
Equity Futures | Rs 10 per executed order | Rs 20 per executed order |
Equity Options | Rs 10 per executed order | Rs 20 per executed order |
Currency Futures | Rs 10 per executed order | NA |
Currency Options | Rs 10 per executed order | NA |
Commodity Futures | NA | |
Commodity Options | NA | |
Special Offer | Special Offer: Trade @ flat Rs 10 per order + FREE Trading Tips + Rs 0 Account Opening Fee. Open a Free Demat Account in just 15 Minutes. |
Zerodha (Flat Rs 20 Per Trade) Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today. |
Nuvama (Edelweiss) | Groww | |
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Account Type | Nuvama Elite | Standard Plan |
Fixed Charges | NA | |
Equity Delivery | 0.30% | Rs 20 per executed order or 0.05% whichever is lower |
Equity Intraday | 0.03% | Rs 20 per executed order or 0.05% whichever is lower |
Equity Futures | 0.03% | Rs 20 per executed order |
Equity Options | Rs 75 per lot | Rs 20 per executed order |
Currency Futures | 0.02% | NA |
Currency Options | Rs 20 per lot | NA |
Commodity Futures | NA | |
Commodity Options | NA | |
Open Nuvama (Edelweiss) Account |
Minimum Brokerage | 0.03% Equity delivery, 0.01% Intra-day and Futures | Rs 20 or 0.05% per executed order |
Other Charges | Margin Funding: 0.08%/day, Research: Rs 50 per month, | Physical Contract Note: Rs 20 + Courier Charges; Auto square off charges : Rs 50 |
Call & Trade Charges | Rs 20 per call | NA |
Nuvama (Edelweiss) transaction charges for options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium) while Groww exchange transaction charges for options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 3750 per Cr (0.0375%) (on premium).
Nuvama (Edelweiss) | Groww | |
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Equity Delivery | NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (each side) | NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (each side) |
Equity Intraday | NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (sell side) | NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (sell side) |
Equity Futures | NSE Rs 190 per Cr (0.0019%) | BSE Rs 0 | NSE Rs 190 per Cr (0.0019%) | BSE Rs 0 |
Equity Options | NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium) | NSE Rs 5000 per Cr (0.05%) | BSE Rs 3750 per Cr (0.0375%) (on premium) |
Currency Futures | NSE Rs 90 per Cr (0.0009%) | BSE Rs 90 per Cr (0.0009%) | |
Currency Options | NSE Rs 4000 per Cr (0.04%) | BSE Rs 100 per Cr (0.001%) (on premium) | (on premium) |
Commodity | NA | |
Open Nuvama (Edelweiss) Account |
Nuvama (Edelweiss) margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Groww margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.
Nuvama (Edelweiss) | Groww | |
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Equity Delivery | 100% of trade value (1x leverage) | 100% of trade value (1x leverage) |
Equity Intraday | Up to 20% of trade value (5x leverage) | Up to 20% of trade value (5x leverage) |
F&O (Eq, Curr, Comm) | 100% of NRML margin (Span + Exposure) (1x leverage) | 100% of NRML margin (Span + Exposure) (1x leverage) |
Open Nuvama (Edelweiss) Account |
The trading platforms offered Nuvama (Edelweiss) include Edelweiss.in Web, Mobile Trader, Xtreme Trader (terminal), Nuvama Xpress. Groww offers Groww trading software.
Nuvama (Edelweiss) | Groww | |
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3 in 1 Account | ||
Charting | ||
Automated Trading | ||
SMS Alerts | ||
Online Demo | ||
Online Portfolio | ||
Margin Trading Funding | ||
Margin Against Shares (Equity Cash) | ||
Margin Against Shares (Equity F&O) | ||
Trading Platform | Edelweiss.in Web, Mobile Trader, Xtreme Trader (terminal), Nuvama Xpress | Groww |
Intraday Square-off Time | 3:00 PM | 3:10 PM |
Trading In SME Shares Allowed? | ||
Referral Program | ||
Other Features | ||
Open Nuvama (Edelweiss) Account |
Nuvama (Edelweiss) is rated 2.9 of 5 based on 76 customer reviews whereas Groww is rated 3.8 of 5 based on 96 customer reviews.
Nuvama (Edelweiss) Enquire | Groww Enquire | |
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Contact Broker | Trade @ flat Rs 10 per order + FREE Trading Tips + Rs 0 Account Opening Fee. Open a Free Demat Account in just 15 Minutes. | Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today. |
Nuvama (Edelweiss) | Groww | |
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Stock / Equity | ||
Commodity | ||
Currency | ||
IPO | ||
Mutual Funds | ||
Bond / NCD | ||
Debt | ||
Other Investment Options | Digital Gold, US Stocks, Fixed Deposits |
Nuvama (Edelweiss) | Groww | |
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Bracket Order | ||
Cover Order | ||
Buy Today Sell Tomorrow (BTST) | ||
Sell Today Buy Tomorrow (STBT) | ||
After Market Order(AMO) | ||
Good Till Cancelled (GTC) | ||
Open Nuvama (Edelweiss) Account |
Nuvama (Edelweiss) | Groww | |
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Daily Market Report | ||
Free Tips | ||
Quarterly Result Analysis | ||
News Alerts |
Nuvama (Edelweiss) | Groww | |
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Casual Investor | ||
Active Investor | ||
Trader |
Nuvama (Edelweiss) | Groww | |
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Reviews | Groww is a Bangalore based broker offering online services to invest in Equity, IPO, and Direct Mutual Funds. Groww is registered with SEBI as a stock broker in the name of NextBillion Technology Limited. Groww is also a member of the NSE, BSE, and CDSL depository. Groww is an online discount broker with a simple pricing model based on a flat fee. The company charges a lower of Rs 20 or 0.05% per executed trade and offers Free Mutual Fund services with no charges in investing or redemption of mutual funds. The account opening with Groww is also free with no maintenance charges. It does not offer any tips, recommendations, and research services. Groww offers its trading platform called Groww on web and mobile app to enjoy a seamless trading experience for its investors. |
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Promo / Offers | Nuvama (Edelweiss) Special OfferTrade @ Rs 10 per order + FREE Trading Tips + Rs 0 Account Opening (for limited time only)
It is a limited-time offer. Open FREE Nuvama Account online in just 15 Minutes. |
Zerodha (India's Best & No. 1 Broker)Special Offer - Free Equity Delivery and Mutual Funds
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