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Groww vs Edelweiss Capital – Compare Charges, Trading Features, Offers & more

Find a Comparison of Groww vs Edelweiss Capital here. You can compare their brokerage, demat accounts, trading platforms, offers, products & services, support, complaints & more.

This comparison will help you decide which broker is best for you. So, let us go through a detailed comparison of Groww and Edelweiss Capital.

Background

Year of Incorporation 2017 1996
Website https://groww.in/ https://www.nuvamawealth.com/
Phone +91 9108800604 1800-102-3335
Exchanges enabled NSE, BSE, MCX & NCDEX NSE, BSE, MCX-SX, MCX, & NCDEX
Demat (NSDL/CDSL) NSDL NSDL/CDSL
Brokerage

Equity Rs 20 or 0.05% per order 0.03% for Intraday, & 0.3% for Delivery
Equity Futures Rs 20 per executed order 0.03% of Turnover
Equity Options Rs 20 per executed order Rs 10 per executed order
Currency Futures Rs 0 0.03% of Turnover
Currency Options Rs 0 Rs 10 per executed order
Commodity Rs 0 Rs 20 per executed order
Account Opening Costs

Trading only Free Free
Trading & Demat Rs. 0 Rs 500
Commodity Rs. 0 Rs 400
Transparency & other costs

Double check on if you are paying much higher other/turnover costs, make sure to compare

Equity 0.00325% 0.00325% of Turnover
Futures 0.0035% 0.0019% of Turnover
Options 0.07% 0.051% of Premium Turnover
Commodities 0.004% 0.0025% of Turnover
AMC charge Rs 0 Rs 500 per year
DP Transaction Charge Rs.13.5 per company Rs 25/ Debit Transaction
Offline order placing Charge Rs 25 NIL
Platforms

Software
Web/HTML 5
Mobile
Charting

Intraday 22 days 22 Days on NEST
End of Day 10 days 10 years on NEST
Coding/Backtesting
Reporting

Online Trade Reports
Online PNL Reports
Online Contract Notes
Margins

Leverage Provided

Equity 5x Upto 20x for Intraday, Upto 4x for Delivery
Equity Futures 2x for intraday Upto 3x for Intraday
Equity Options No leverage Buying No Leverage, Shorting upto 3x for Intraday
Currency Futures 2x for intraday Upto 2x for Intraday
Currency Options No leverage Buying No Leverage, Shorting upto 2x for Intraday
Commodity 2x for intraday Upto 3x for Intraday
Support & Tools

Research & Tips
Brokerage Calculator
Margin Calculator
Bracket orders & Trailing Stoploss
Training & Education
Convenience

3 in 1 Account
Instant Fund withdrawal
Relationship Managers
Financial Health

Equity & Commodity Consolidated
Look for Brokerages with higher profit, low debt, higher Profit to Equity Ratio   which will indicate the profitability based on capital deployed, and atleast Rs 50 crores Balance sheet size. If a broker is in financial trouble, it will first start showing up on his balance sheet.

Profit after Tax FY11/12 Rs 70.6 crores Rs 7.7 Crores
Profit after Tax FY12/13 Rs 70.48 crores Rs 18.8 Crores
Profit after Tax FY13/14 Rs 73.78 Crore Rs 45.1 Crores
Profit after Tax FY 14/15 Rs 75.92 Crore Rs 19.5 Crores
Profit after Tax FY 15/16 Rs 82.85 Crore Rs 36.04 Crores
Profit after Tax FY 16/17 Rs 90.11 Crore Rs 29.60 Crores
Profit after Tax FY 17/18 Rs 106.09 Crore Rs 33.39 Crores
Profit after Tax FY 18/19 Rs 115.68 Crore Rs 33.74 Crores
Profit after Tax FY 19/20 Rs 120.61 Crore Rs 28.61 Crores
Profit after Tax FY 20/21 Rs 141.70 Crore Rs 39.73 Crores
Profit after Tax FY 21/22 Rs 244.93 Crore Rs 33.44 Crores
Profit after Tax FY 22/23 Rs 205.65 Crore Rs 36.01 Crores
Debt FY11/12 Rs 51 Crores Rs 903 Crores
Debt FY12/13 Rs 41.5 Crores Rs 1262 Crores
Debt FY13/14 Rs 42.93 Crore Rs 647 Crores
Debt FY14/15 Rs 49.48 Crore Rs 514 Crores
Debt FY15/16 Rs 41.73 Crore Rs 555.34 Crores
Debt FY16/17 Rs 54.26 Crore Rs 724.55 Crores
Debt FY17/18 Rs 69.77 Crore Rs 610.99 Crores
Debt FY18/19 Rs 57.16 Crore Rs 818.35 Crores
Debt FY19/20 Rs 51.39 Crore Rs 680.37 Crores
Debt FY20/21 Rs 57.47 Crore Rs 851.19 Crores
Debt FY21/22 Rs 77.59 Crore Rs 681.13 Crores
Debt FY22/23 Rs 80.11 Crore Rs 647.23 Crores
Profit to Equity(%) FY11/12 62.90 3.11%
Profit to Equity(%) FY12/13 12.38 4.57%
Profit to Equity(%) FY13/14 14.86 10.9%
Profit to Equity(%) FY14/15 17.05 16.14%
Profit to Equity(%) FY15/16 14.29 19.93%
Profit to Equity(%) FY16/17 19.11 21.00%
Profit to Equity(%) FY17/18 21.51 20.41%
Profit to Equity(%) FY18/19 18.17 16.42%
Profit to Equity(%) FY19/20 14.49 21.57%
Profit to Equity(%) FY20/21 18.46 21.27%
Profit to Equity(%) FY21/22 14.70 28.52%
Profit to Equity(%) FY22/23 25.75 22.05%
Balance Sheet Size FY11/12 Rs 304 Crores Rs 2509 Crores
Balance Sheet Size FY12/13 Rs 296.15 Crores Rs 1922 Crores
Balance Sheet Size FY13/14 Rs 333.40 Crore Rs 1893 Crores
Balance Sheet Size FY14/15 Rs 306.36 Crore Rs 2094 Crores
Balance Sheet Size FY15/16 Rs 533.57 Crore Rs 3718.25 Crores
Balance Sheet Size FY16/17 Rs 544.52 Crore Rs 3450.57 Crores
Balance Sheet Size FY17/18 Rs 3952.01 Crore Rs 2217.90 Crores
Balance Sheet Size FY18/19 Rs 4280.32 Lakh Rs 2718.29 Crores
Balance Sheet Size FY19/20 Rs 4476 Lakh Rs 3548.80 Crores
Balance Sheet Size FY20/21 Rs 4627 Lakh Rs 3065.71 Crores
Balance Sheet Size FY21/22 Rs 6184.35 Lakh Rs 3723.80 Crores
Balance Sheet Size FY22/23 Rs 5994 Crores Rs 3400.75 Crores

Comparison Link:

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Frequently Asked Questions

Is Groww better than Edelweiss Capital ?

Groww and Edelweiss Capital are both discount broker companies. Thus, we need to look at the details such as brokerage charges, account opening fees, trading platforms, and more to find out which is a better stockbroker between them.

Is Edelweiss Capital better than Groww ?

Groww and Edelweiss Capital are both discount broker companies. Thus, we need to look at the details such as brokerage charges, account opening fees, trading platforms, and more to find out which is a better stockbroker between them.

Is Groww cheaper than Edelweiss Capital ?

Groww and Edelweiss Capital are both discount broker companies. Since these are discount brokers, the brokerage fees are generally on the lower side. The brokerage fee, in general, will be very close for both of these brokers. To find out the cheaper broker for your needs, look at the brokerage charges in detail.

Is Edelweiss Capital cheaper than Groww ?

Groww and Edelweiss Capital are both discount broker companies. Since these are discount brokers, the brokerage fees are generally on the lower side. The brokerage fee, in general, will be very close for both of these brokers. To find out the cheaper broker for your needs, look at the brokerage charges in detail.

Which is better Groww vs. Edelweiss Capital ?

To find out the better of the two stockbrokers Groww and Edelweiss Capital, compare them based on brokerage charges, trading platforms, Demat account opening fees, research, advisory services, etc.