Navia vs Groww: A Detailed Comparison for Traders and Investors 

When comparing Navia with Groww, there are clear distinctions that make Navia a better choice for traders looking for zero brokerage, advanced features, and cost-effective margin trading facilities (MTF). Groww, while popular for its simple interface, lacks some of the advanced tools and cost benefits that Navia offers. Let’s break down the comparison and identify where Navia scores over Groww. 

1. Trading Platforms 

Feature	Navia	Groww
Web Trading Platform	Navia Web	Groww Web
Desktop Trading Platform	Navia EXE	Not provided
Mobile Trading Platform	Navia App	Groww App
API for Algo Trading	Navia API (Paid)	Not provided
Free Option Strategy Builder	Yes	No
Custom ETF Baskets	Yes	No
Ready-made ETF Baskets	Yes	No

Navia offers more platform flexibility and advanced trading tools like a desktop platform and an algo trading API, which are missing in Groww. The free option strategy builder and ETF baskets provided by Navia are excellent features for investors and options traders. 

2. Brokerage and Pricing 

Pricing Element	Navia	Groww
Account Opening Charges	Free	Free
Annual Maintenance Charges (AMC)	Free	Free
Equity Delivery	Zero	₹20 or 0.1% (whichever lower)
Equity Intraday	Zero	₹20 or 0.03% (whichever lower)
Futures	Zero	₹20 per executed order
Options	Zero	₹20 per executed order
MTF Brokerage	Zero	0.1% of order value
MTF Interest Rate	From 14.99%	9.75%-15.75% depending on amount
Pledge/Unpledge Charges	Lower of 0.02% or ₹50	₹20 + GST
DP Sell Charges	₹30 + GST	₹13.5 + GST
Payment Gateway (Net Banking)	₹9 + GST	Free
API Subscription Charges	₹1,500 + GST	Not provided

Brokerage Savings Example for Active Traders 

Let’s consider an active trader making: 

→ 100 intraday equity trades per month 

→ 50 futures contracts per month 

→ 50 options contracts per month  

Transaction Type	Navia Brokerage (₹)	Groww Brokerage (₹)
Equity Intraday (100 trades)	Zero	₹20/trade x 100 = ₹2,000
Futures (50 trades)	Zero	₹20/trade x 50 = ₹1,000
Options (50 trades)	Zero	₹20/trade x 50 = ₹1,000

Total Brokerage Savings per Month: 

● Navia: ₹0 

● Groww: ₹2,000 (intraday) + ₹1,000 (futures) + ₹1,000 (options) = ₹4,000/month 

Annual Savings: 
With Navia, an active trader saves ₹48,000 annually in brokerage fees compared to Groww. 

3. Margin Trading Facility (MTF) Comparison 

MTF Features	Navia	Groww
Interest Rate	From 14.99%	9.75% to 15.75%
Pledge/Unpledge Charges	Lower of 0.02% or ₹50	₹20 + GST
Collateral Accepted	Yes	Yes
MTF Margin Provided	3X	2X

MTF Savings Example 

For a trader using ₹10 lakh MTF for 30 days, the interest cost comparison looks like this: 

MTF Example	Navia (₹)	Groww (₹)
Interest on ₹10 lakh for 30 days	₹10 lakh x 14.99%/12 = ₹12,491	₹10 lakh x 15.75%/12 = ₹13,125
Savings with Navia	₹634	N/A

While Groww’s interest rate is competitive for amounts above ₹25 lakh (at 9.75%), for smaller amounts, Navia offers a more cost-effective option, with lower interest rates leading to savings for traders using margin below this amount. 

4. Product and Service Offerings 

Product	Navia	Groww
Equity Delivery & Intraday	Yes	Yes
Futures and Options	Yes	Yes
Commodities	Yes	No
Direct Mutual Funds	Yes	Yes
Single Margin for Equity and Commodities	Yes	Does not provide Commodities
SIP in Stocks/ETFs	Yes	No
Ready-made ETF Baskets	Yes	No
Free Option Strategy Builder	Yes (Free)	No
IPO Investment	Yes	Yes
US Stocks	Yes	Yes

Navia provides commodities trading, which Groww doesn’t offer, along with innovative features such as SIP in ETFs/stocks, free ETF baskets, and free Option Strategy Builder. These features give traders and investors more control and flexibility in managing their portfolios. 

5. Customer Support 

Support Features	Navia	Groww
WhatsApp Support	Yes	No
Live Chat	Yes	No
24/7/365 Chat Bot	Yes	No
Dedicated Relationship Manager	Yes	No

Navia excels in customer support, offering features like live chat, WhatsApp support, and a 24/7 chatbot, ensuring clients have round-the-clock access to help. These features are absent in Groww, which could be a drawback for investors looking for more immediate support. 

Conclusion: Why Navia Scores Over Groww 

After a thorough comparison, Navia offers several advantages over Groww, particularly for active traders and those looking to save on costs: 

🔸 Zero Brokerage: Navia offers zero brokerage across all trading segments, making it a clear winner for traders who wish to minimize their trading costs. 

🔸 Single margin for Equity and Commodity: One significant advantage of Navia over other platforms like Groww is its single margin for Equity and Commodities. This feature allows traders who are active in both segments to maintain a single margin, eliminating the need to keep separate funds for each segment. As a result, clients benefit from better capital flexibility and more efficient utilization of funds, enabling them to seamlessly switch between equity and commodity trades without the hassle of managing two separate margin accounts. This not only streamlines the trading process but also maximizes capital efficiency for traders. 

🔸 Comprehensive Product Suite: With commodities trading, SIP in ETFs/stocks, and free option strategy builder, Navia provides more tools for advanced trading and investing, features Groww lacks. 

🔸 Better Customer Support: Navia’s live chat, WhatsApp support, and 24/7 chat bot give it an edge over the other, ensuring users always have access to assistance. 

🔸 Platform Flexibility: Navia’s offering of a desktop platform, algo trading API, and ETF baskets makes it more attractive for experienced traders. 

For traders and investors seeking to maximize savings while enjoying advanced trading features, Navia stands out as the superior choice compared to other one. 

DISCLAIMER: Investments in the securities market are subject to market risks, read all the related documents carefully before investing. The securities quoted are exemplary and are not recommendatory. Brokerage will not exceed the SEBI prescribed limit.