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The brokerage of Nuvama Wealth ranges between Rs 10, the brokerage of TradeSmart ranges between Rs 15, while the brokerage of Groww ranges between Rs 20. All 3 brokers are discount brokers. Overall rating for Nuvama Wealth is 3.5, TradeSmart is rated 4, Groww is rated 4 out of 5.
Here we present side-by-side comparison of Nuvama Wealth vs TradeSmart 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 Nuvama Wealth vs TradeSmart 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 Nuvama Wealth vs TradeSmart vs Groww in this setion with 360 degree view of broker information.
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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 | 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...  |
Open TradeSmart Account to trade at either 0.007% or Rs. 15 lowest flat brokerage charges on the best platforms (SINE mobile app and trading website, and TradeSmart App), and get active customer support. | 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 Nuvama Wealth vs TradeSmart vs Groww on trading & demat account opening charges and AMC. Trading account opening charges - Nuvama Wealth and Groww offer Free account opening where TradeSmart charges Rs 200 for account opeing. Demat AMC charges - Nuvama Wealth charges Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year] as AMC for Demat account, TradeSmart charges Rs 300 PA AMC for Demat account, where Groww charges Free AMC for Demat account.
| Charges | Nuvama Wealth | TradeSmart | Groww |
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| Trading Account Opening Fees | Free | Rs 200 | Free |
| Trading AMC | Free | Free | Free |
| Demat Account Opening Fees | Free | Rs 200 | Free |
| Demat AMC | Lite:Rs.300, Elite:Rs.500p.a. [Free 1st Year] | Rs 300 PA | Free |
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Plans are the most important feature you look when compare Nuvama Wealth vs TradeSmart vs Groww. This section copare on high level about type of plans offered by brokers. Miltiple Plans - Nuvama Wealth and TradeSmart offers Multiple Plans where Groww doesn't offer. Monthlay Plans - All 3 brokers don't have Monthy Plans.
| Plan Types | Nuvama Wealth | TradeSmart | Groww |
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| Zerodha | Nuvama Wealth | Zerodha | |
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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.
TradeSmart Brokerage Plan detail - 15 Rs Flat-rate power plan is good for big volume trader. This plan is good for traders who are not doing frequent trades but doing volume trade. This plan comes with up to 30x exposure on Equity.
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 | Nuvama Wealth | TradeSmart | Groww |
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| Plan Name | Nuvama Lite | Flat Fee Rs 15 Trading Plan (Power Plan) | Flat Brokerage Plan |
| Equity Delivery | Flat Rs. 10 per executed order | Flat Fee Rs 15 | 0.05% or Rs 20 whichever is lower |
| Equity Intraday | Flat Rs. 10 per executed order | Flat Fee Rs 15 | 0.05% or Rs 20 whichever is lower |
| Equity Futures | Flat Rs. 10 per executed order | Flat Fee Rs 15 | Flat Fee Rs 20 |
| Equity Options | Flat Rs. 10 per executed order | Flat Fee Rs 15 | Flat Fee Rs 20 |
| Currency Futures | Flat Rs. 10 per executed order | Flat Fee Rs 15 | Not Available |
| Currency Options | Flat Rs. 10 per executed order | Flat Fee Rs 15 | Not Available |
| Commodity Trading | 0.01% | Flat Fee Rs 15 | Not Available |
| Minimum Brokerage | |||
| Hidden Charges | Info Not Available | No | |
| Call & Trade Charges | Rs 20 per call | Rs 20 per executed Order | Rs 50 Per Executable Order |
| Auto Square off Charges | Rs 20 | Rs 20 per executed Order | Rs 50 Per Executable Order |
| Brokerage Calculator | Brokerage Calculator for Nuvama Wealth | Brokerage Calculator for TradeSmart | Brokerage Calculator for Groww |
Compare Nuvama Wealth vs TradeSmart vs Groww on transaction charges and PCM fee by segment.
| Transaction Charges Compare | Nuvama Wealth | TradeSmart | Groww |
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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 | Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr | NA |
| Brokerage Charges | Complete Brokerage Plans for nuvama-wealth | Complete Brokerage Plans for trade-smart-online | Complete Brokerage Plans for groww |
Compare Nuvama Wealth vs TradeSmart 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 TradeSmart doesn't offers margin funding. NRI Trading - Nuvama Wealth offers NRI Trading where TradeSmart and Groww doesn't offers NRI Trading.
| Account Features Compare | Nuvama Wealth | TradeSmart | 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 | 3:15PM | 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 Nuvama Wealth vs TradeSmart 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.
| Nuvama Wealth | TradeSmart | Groww | ||
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20 Customer Reviews
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34 Customer Reviews
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20 Customer Reviews
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| Overall Ratings | ||||
| Broker Rating | Nuvama Wealth is Rated 0.4 / 5 based on 20 customer reviews | TradeSmart is Rated 4.0 / 5 based on 34 customer reviews | Groww is Rated 1.7 / 5 based on 20 customer reviews |
Compare Nuvama Wealth vs TradeSmart 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 and TradeSmart offers Commodity Trading where Groww doesn't offers Commodity Trading. Online Mutual Fund Investment - Nuvama Wealth and Groww offers online mutual fund investment where TradeSmart doesn't offers mutual fund investment. Portfolio Management Services (PMS) - Nuvama Wealth offers PMS facility where TradeSmart and Groww doesn't offers PMS facility.
| Investment Offerings Compare | Nuvama Wealth | TradeSmart | Groww |
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| Other Investment Options | NIL | NIL | NIL |
Compare Nuvama Wealth vs TradeSmart 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 | Nuvama Wealth | TradeSmart | Groww |
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| Customer Care Number | 1800 102 3335 | 022 61208000 | 9108800604 |
| Account Opening Process | Online/Paperless | Online/Paperless | Online |
| Customer Support Email | [email protected] | [email protected] | [email protected] |
| Knowledge Center/Education | https://www.nuvamawealth.com/investology | https://help.tradesmartonline.in/ | https://groww.in/academy |
| Head Office Address | Edelweiss House, Off CST Road, Kalina, Mumbai - 400098 |
Trade Smart Online, A-401, Mangalya, Marol Maroshi Road, Andheri East, Gamdevi, Marol, Andheri East, Mumbai, MH 400059 |
Groww Head Office 1st Floor, Proms Complex, SBI Colony, 1 A Koramangala, 560034 |
| Website | https://www.nuvamawealth.com/ | https://tradesmartonline.in/ | https://groww.in/ |
Compare Nuvama Wealth vs TradeSmart vs Groww on research reports and tips provided by broker.
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Compare Nuvama Wealth vs TradeSmart vs Groww on Demat Service and Charges. This section cover about demat charges, demat service and other details
| Nuvama Wealth | TradeSmart | Groww | |
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| DP Source | CDSL | CDSL | CDSL |
| DP ID | 32300 | 30400 | 88700 |
| Demat Account Annual Maintenance Charges(AMC) | Free (₹1500 one time charges) | ₹300 pa | Zero |
| Advance Deposit | NIL | NIL | Nil |
| Statutory charges | Nil | Nil | Legal Charges |
| Transaction Charges on Debit (Per ISIN) | 0.02% of transaction value or ₹20 per transaction whichever is higher | ₹25 | ₹8 + ₹5.50 CDSL charges |
| Demat | ₹2 per certificate + ₹30 courier charges | ₹500 per certificate (Min ₹500 per request) | ₹150 per certificate + courier charges |
| Remat | ₹10 for every hundred securities after that ₹10 per request + ₹30 request charges | ₹500 per certificate (Min ₹500 per request) | ₹150 per certificate + courier charges |
| Pledge Creation | 0.02% of transaction value (Min ₹50) | ₹200 per script ₹50 for trading margin each side |
₹20 + Rs. 12 per request (CDSL Charges) |
| Pledge Creation Confirmation | Nil | Nil | ₹20 + Rs. 12 per request (CDSL Charges) |
| Pledge Closure | 0.02% of transaction value (Min ₹50) | ₹200 per script | ₹20 + Rs. 12 per request (CDSL Charges) |
| Pledge Closure Confirmation | Nil | Nil | ₹20 + Rs. 12 per request (CDSL Charges) |
| Pledge Invocation | 0.02% of transaction value (Min ₹50) | ₹200 per script | ₹20 + Rs. 12 per request (CDSL Charges) |
| Failed Instruction Charges | Nil | Nil | ₹50 |
| Other Charges |
Compare Nuvama Wealth vs TradeSmart vs Groww on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.
| Nuvama Wealth | TradeSmart | Groww | |
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Check out the key advantages, reasons, or benefits on Why Choose TradeSmart For Stock Trading?
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There are several disadvantages or limitations as well of trading with TradeSmart such as follows;
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| Special Offers/Promo | Free Account Opening, Rs 400 Waived for a limited time. | ||
| Enquire for Nuvama Wealth | Enquire for TradeSmart | Enquire for Groww |
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