Groww Vs INDmoney
Groww
Groww Review gives an overall view of the updates about the Brokerage Charges, Margin, Updated Trading Software 2024, We can also review Groww Demat Account Charges, NRI Account, Branches, Customer Support, Advantages and Disadvantages.
INDmoney
INDmoney Review gives an overall view and updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Complaints
Groww Vs INDmoney - Broker Details
| Groww | INDmoney | |
|---|---|---|
| Single Margin Facility |
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| Year of Incorporation | 2016 | 2019 |
| Exchanges | NSE and BSE. | NSE, BSE and MCX |
| Branches | Zero | 966 |
| Brokerage | ₹20/ Order | 0.05% or up to ₹20/Per Order |
| Broker Type | Discount Broker | Discount Broker |
Groww Vs INDmoney - Account Opening & AMC Charges
| Groww | INDmoney | |
|---|---|---|
| Trading Account Opening Charge | ₹0 (Free) | ₹0 (Free) |
| Demat Account Opening Charge | ₹0 (Free) | ₹0 (Free) |
| Demat Account AMC | ₹0 (Free) | ₹0 (Free) |
| Trading Account AMC | ₹0 (Free) | ₹0 (Free) |
Groww Vs INDmoney - Brokerage charges & Plans
| Groww | INDmoney | |
|---|---|---|
| Commodity Futures | N/A | N/A |
| Currency Futures | N/A | 0.05% or up to ₹20/Per Order |
| Equity Delivery | ₹20/ Order or 0.05% (whichever is lower) | 0.05% or up to ₹20/Per Order |
| Equity Options | ₹20/ Order or 0.05% (whichever is lower) | 0.05% or up to ₹20/Per Order |
| Commodity Options | N/A | N/A |
| Equity Futures | ₹20/ Order or 0.05% (whichever is lower) | 0.05% or up to ₹20/Per Order |
| Currency Options | N/A | 0.05% or up to ₹20/Per Order |
| Fixed Charges | ₹20/ Order | 0.05% or up to ₹20/Per Order |
| Equity Intraday | ₹20/ Order or 0.05% (whichever is lower) | 0.05% or up to ₹20/Per Order |
Groww Vs INDmoney - Other Charges
| Groww | INDmoney | |
|---|---|---|
| RMS Square Off Charge | ₹50/ Order | ₹50 per position |
| API Charges | ₹0 (Free) | N/A |
| Call & Trade Charges | N/A | ₹50 per position |
| Other Brokerage Charges | ₹20/ Order or 0.05% | 0.05% or up to ₹20/Per Order |
| Minimum Brokerage | ₹20/ Order | 0.05% or up to ₹20/Per Order |
Groww Vs INDmoney - Transaction Charges
| Groww | INDmoney | |
|---|---|---|
| Currency Options | N/A | NSE: 0.035 % And | BSE: 0.001% On Options Premium Value |
| Equity Futures | NSE:- 0.002% | NSE: 0.00195% on total turnover value |
| Equity Intraday | NSE:- 0.00345% | BSE:- 0.00345% | NSE - 0.00325% | BSE- 0.00375% |
| Equity Options | NSE:- 0.053% on premium | NSE: 0.053% on premium value |
| Commodity | N/A | Non-Agri: 0.00210% On Turnover For A Category (Near & Next Month TO ) 0.0013% On Turnover For A Category (FAR Month TO) 0.00175% On Turnover For B Category Agri: 0.006% On Turnover For A Category 0.002% On Turnover For B Category 0.0001% On Turnover For C Category Special Charges For Following Scrips: 0.0005% On Turnover For CASTORSEED 0.0005% On Turnover For KAPAS 0.00005% On Turnover For PEPPER 0.001% On Turnover For RBDPMOLEIN |
| Currency Futures | N/A | NSE: 0.0009% On Futures Turnover value | BSE: 0.00022% On Futures Turnover value |
| Equity Delivery | NSE:- 0.00345% | BSE:-0.00345% | NSE - 0.00325% | BSE- 0.00375% |
Groww Vs INDmoney - Margin (Exposure)
| Groww | INDmoney | |
|---|---|---|
| Equity Options | 1x | 1x (100% of NRML margin (Span + Exposure) |
| Equity Intraday | 5x | 5x (Up to 20% of trade value) |
| Currency Options | N/A | 1x(100% of NRML margin (Span + Exposure)) |
| Commodity Options | N/A | 1x (100% of NRML margin (Span + Exposure) |
| Commodity Futures | N/A | 1x (100% of NRML margin (Span + Exposure) |
| Equity Delivery | 1x (no margin) | 1x (no margin) |
| Currency Futures | N/A | 1x (100% of NRML margin (Span + Exposure) |
| Equity Futures | 1x | 1x (100% of NRML margin (Span + Exposure) |
Groww Vs INDmoney - Features
| Groww | INDmoney | |
|---|---|---|
| Online Portfolio |
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| Algo Trading |
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| Margin Trading Facility |
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| Call & Trade Facility |
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| Referral Program |
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| Collateral Margin |
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| Online Demo |
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| 3 in 1 Account |
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| Charting |
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| Intraday Square-off Time | Equity & F&O:- 3:20pm | Currency:- 4:30 PM | Commodity:- 11:25 PM | Equity Cash: 03:21 PM | Equity F&O :03:18 PM | Currency: 4:45 PM | Commodities: 11:20 PM |
| Trading Platform | Groww Web (Browser based trading website) , Groww Mobile Application | 1. INDmoney Online Web Portal, 2. INDmoney Mobile App |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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Groww Vs INDmoney - Review & Rating
| Groww | INDmoney | |
|---|---|---|
| Trading Brokerage | ||
| Customer Service | ||
| Fees | ||
| Trading Platform Usability | ||
| Mobile App | ||
| Research | ||
| Desktop Software | ||
| Overall Ratings | ||
| Broker Rating | ||
| Call Back Open Account |
Groww Vs INDmoney - Request a call back from Broker
| Groww | INDmoney | |
|---|---|---|
Groww Vs INDmoney - Investment Options
| Groww | INDmoney | |
|---|---|---|
| Currency |
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| IPO |
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| Commodity |
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| Debt |
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| Other Options |
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| Stock Cash / Equity |
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| Mutual Funds |
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| Bond / NCD |
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Groww Vs INDmoney - Order Type
| Groww | INDmoney | |
|---|---|---|
| Bracket Order/BO/OCO |
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| BTST |
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| Cover Order/CO |
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| Good Till Cancelled (GTC) |
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| BUY ABOVE/SELL BELOW (SL-M) |
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| After Market Order(AMO) |
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| STBT |
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Groww Vs INDmoney - Research & Report
| Groww | INDmoney | |
|---|---|---|
| Free Tips |
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| Quarterly Result Analysis |
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| Daily Market Report |
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| News Alerts |
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Groww Vs INDmoney - Daily Market Report
| Groww | INDmoney | |
|---|---|---|
| Daily Market Reports & News |
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Groww Vs INDmoney - Suitable For Investor
| Groww | INDmoney | |
|---|---|---|
| Casual Investor |
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| Active Investor |
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| Trader |
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Groww Vs INDmoney - Pros & Cons
| Groww | INDmoney | |
|---|---|---|
| Pros | 1.Commission free investment for customer. 2.Transparent without any hidden charges. 3. Upto 1.5% extra returns on direct mutual funds. 4.Provide facility to invest in US stocks, Gold and ETFs. 5.Online IPO application. 6.Zero charges on direct mutual funds 7. Very simple and intuitive UI. 8. Offers a wide range of premium features. 9.SEBI registered advisor in the name of Finvantage Investment Advisor Pvt Ltd. 10. In-built customer support section or directly email them on support@groww.in. 11.Groww also has a live chat option. | 1. User-Friendly Platform 2. It provides the most advanced trading platforms. 3. All-in-One Financial App 4.INDMoney facilitates goal-based investing, helping users set and achieve financial objectives 5. The broker offers responsive customer support to address inquiries and provide assistance whenever needed. |
| Cons | 1.Dilution in the name of diversification. 2.Due to higher cost of some mutual funds, so mutual funds charge for managing the funds, fund manager salary, distribution cost etc. 3.It does not suit customers with unpredictable cash flows. 4.Customer is unable to analyse funds technically and in-depth. | 1.Limited Global Investment Options 2.Limited Advanced Trading Features 3. INDMoney primarily operates through its app, which might not be suitable for investors who prefer traditional phone or in-person customer support. |
Groww Vs INDmoney - Background
| Groww | INDmoney | |
|---|---|---|
Groww Vs INDmoney - Compare All Brokers
| Groww | INDmoney | |
|---|---|---|
Groww Vs INDmoney - STT/CTT
| Groww | INDmoney | |
|---|---|---|
| Commodity Futures | N/A | 0.01% only on sell side Non-Agri |
| Currency Futures | No STT | No STT |
| Equity Intraday | 0.025% only on sell | 0.025% only on sell |
| Equity Options | 0.05% only on sell | 0.05% only on sell (On Premium) |
| Currency Options | No STT | No STT |
| Equity Delivery | 0.1% on both buy & sell | 0.1% on both buy & sell |
| Equity Futures | 0.01% only on sell | 0.01% only on sell |
| Commodity Options | N/A | 0.05% only on sell side |
Groww Vs INDmoney - Demat transaction charges
| Groww | INDmoney | |
|---|---|---|
| Equity Demat Transaction Charges | ₹13.5 Gst per scrip per day only on sell | ₹250/ per certificate |
Groww Vs INDmoney - GST
| Groww | INDmoney | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% ( Brokerage + Transaction charges) | 18% on (Brokerage + Transaction Charge) |
Groww Vs INDmoney - SEBI Charges
| Groww | INDmoney | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/ Crore | ₹10/Crore |
Groww Vs INDmoney - Account Opening & AMC Charges
Groww
INDmoney
Trading Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account AMC
₹0 (Free)
₹0 (Free)
Trading Account AMC
₹0 (Free)
₹0 (Free)
Groww Vs INDmoney
| Groww | INDmoney | |
|---|---|---|
Groww Review | Brokerage Charges, Account OpeningGroww is an Indian SEBI registered stockbroker that targets first time investor and millennials. Groww established in April 2016 in Bangalore as a brand of Nextbillion Technology Private Limited. In the mid of 2024s, Groww broker review has expanded its services and started stocks investing service on its platform. Groww application .. + " Vs "+ INDmoney |
INDmoney Account Opening Process, Charges, and Documentation Details |
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INDmoney
INDmoney Review gives an overall view and updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Complaints
Groww Vs INDmoney - Brokerage charges & Plans
| Groww | INDmoney | |
|---|---|---|
| Commodity Futures | N/A | N/A |
| Currency Futures | N/A | 0.05% or up to ₹20/Per Order |
| Equity Delivery | ₹20/ Order or 0.05% (whichever is lower) | 0.05% or up to ₹20/Per Order |
| Equity Options | ₹20/ Order or 0.05% (whichever is lower) | 0.05% or up to ₹20/Per Order |
| Commodity Options | N/A | N/A |
| Equity Futures | ₹20/ Order or 0.05% (whichever is lower) | 0.05% or up to ₹20/Per Order |
| Currency Options | N/A | 0.05% or up to ₹20/Per Order |
| Fixed Charges | ₹20/ Order | 0.05% or up to ₹20/Per Order |
| Equity Intraday | ₹20/ Order or 0.05% (whichever is lower) | 0.05% or up to ₹20/Per Order |
| Call Back Open Account |
Groww Vs INDmoney - Margin (Exposure)
| Groww | INDmoney | |
|---|---|---|
| Equity Options | 1x | 1x (100% of NRML margin (Span + Exposure) |
| Equity Intraday | 5x | 5x (Up to 20% of trade value) |
| Currency Options | N/A | 1x(100% of NRML margin (Span + Exposure)) |
| Commodity Options | N/A | 1x (100% of NRML margin (Span + Exposure) |
| Commodity Futures | N/A | 1x (100% of NRML margin (Span + Exposure) |
| Equity Delivery | 1x (no margin) | 1x (no margin) |
| Currency Futures | N/A | 1x (100% of NRML margin (Span + Exposure) |
| Equity Futures | 1x | 1x (100% of NRML margin (Span + Exposure) |
| Call Back Open Account |
Groww Vs INDmoney - Other Charges
| Groww | INDmoney | |
|---|---|---|
| RMS Square Off Charge | ₹50/ Order | ₹50 per position |
| API Charges | ₹0 (Free) | N/A |
| Call & Trade Charges | N/A | ₹50 per position |
| Other Brokerage Charges | ₹20/ Order or 0.05% | 0.05% or up to ₹20/Per Order |
| Minimum Brokerage | ₹20/ Order | 0.05% or up to ₹20/Per Order |
Groww Vs INDmoney - STT/CTT
| Groww | INDmoney | |
|---|---|---|
| Commodity Futures | N/A | 0.01% only on sell side Non-Agri |
| Currency Futures | No STT | No STT |
| Equity Intraday | 0.025% only on sell | 0.025% only on sell |
| Equity Options | 0.05% only on sell | 0.05% only on sell (On Premium) |
| Currency Options | No STT | No STT |
| Equity Delivery | 0.1% on both buy & sell | 0.1% on both buy & sell |
| Equity Futures | 0.01% only on sell | 0.01% only on sell |
| Commodity Options | N/A | 0.05% only on sell side |
Groww Vs INDmoney - Demat transaction charges
| Groww | INDmoney | |
|---|---|---|
| Equity Demat Transaction Charges | ₹13.5 Gst per scrip per day only on sell | ₹250/ per certificate |
Groww Vs INDmoney - GST
| Groww | INDmoney | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% ( Brokerage + Transaction charges) | 18% on (Brokerage + Transaction Charge) |
Groww Vs INDmoney - SEBI Charges
| Groww | INDmoney | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/ Crore | ₹10/Crore |
Groww Vs INDmoney - Features
| Groww | INDmoney | |
|---|---|---|
| Online Portfolio |
|
|
| Algo Trading |
|
|
| Margin Trading Facility |
|
|
| Call & Trade Facility |
|
|
| Referral Program |
|
|
| Collateral Margin |
|
|
| Online Demo |
|
|
| 3 in 1 Account |
|
|
| Charting |
|
|
| Intraday Square-off Time | Equity & F&O:- 3:20pm | Currency:- 4:30 PM | Commodity:- 11:25 PM | Equity Cash: 03:21 PM | Equity F&O :03:18 PM | Currency: 4:45 PM | Commodities: 11:20 PM |
| Trading Platform | Groww Web (Browser based trading website) , Groww Mobile Application | 1. INDmoney Online Web Portal, 2. INDmoney Mobile App |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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| Call Back Open Account |