Groww Vs Elite Wealth
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.
Groww Vs Elite Wealth - Broker Details
| Groww | Elite Wealth | |
|---|---|---|
| Single Margin Facility |
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| Year of Incorporation | 2016 | 1990 |
| Exchanges | NSE and BSE. | NSE, BSE, MCX and NCDEX |
| Branches | Zero | N/A |
| Brokerage | ₹20/ Order | 0.03% |
| Broker Type | Discount Broker | Full Service Broker |
Groww Vs Elite Wealth - Account Opening & AMC Charges
| Groww | Elite Wealth | |
|---|---|---|
| Trading Account Opening Charge | ₹0 (Free) | ₹0 (Free) |
| Demat Account Opening Charge | ₹0 (Free) | ₹0 (Free) |
| Demat Account AMC | ₹0 (Free) | First Year Free then Rs. 399 + GST per Year (Online method) or Rs. 599 + GST One Time Charges for Lifetime (Online method |
| Trading Account AMC | ₹0 (Free) | ₹0 (Free) |
Groww Vs Elite Wealth - Brokerage charges & Plans
| Groww | Elite Wealth | |
|---|---|---|
| Commodity Futures | N/A | 0.03% |
| Currency Futures | N/A | 0.03% |
| Equity Delivery | ₹20/ Order or 0.05% (whichever is lower) | 0.33% |
| Equity Options | ₹20/ Order or 0.05% (whichever is lower) | ₹33 per Lot |
| Commodity Options | N/A | 0.03% |
| Equity Futures | ₹20/ Order or 0.05% (whichever is lower) | 0.03% |
| Currency Options | N/A | ₹33 per Lot |
| Fixed Charges | ₹20/ Order | 0.03% |
| Equity Intraday | ₹20/ Order or 0.05% (whichever is lower) | 0.03% |
Groww Vs Elite Wealth - Other Charges
| Groww | Elite Wealth | |
|---|---|---|
| RMS Square Off Charge | ₹50/ Order | ₹0 (Free) |
| API Charges | ₹0 (Free) | ₹0 (Free) |
| Call & Trade Charges | N/A | ₹0 (Free) |
| Other Brokerage Charges | ₹20/ Order or 0.05% | 0.03% |
| Minimum Brokerage | ₹20/ Order | 0.03% |
Groww Vs Elite Wealth - Transaction Charges
| Groww | Elite Wealth | |
|---|---|---|
| Currency Options | N/A | NSE: Exchange turnover charge: 0.04% | Clearing charge: 0.025% | BSE: Exchange turnover charge: 0.001% |Clearing charge: 0.025% |
| Equity Futures | NSE:- 0.002% | NSE: 0.00195% on Total Turnover value |
| Equity Intraday | NSE:- 0.00345% | BSE:- 0.00345% | NSE: 0.00335% on Turnover Value (Buy & Sell) | NSE .00275% on Turnover Value (Buy & Sell) | BSE: Charges vary as per The Scrip Group | Exchange turnover charge: 0.00022% | Clearing charge: 0.0004% |
| 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 Followers Scrip: 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: Exchange turnover charge: 0.0009% |Clearing charge: 0.0004% | BSE: Exchange turnover charge: 0.00022% |Clearing charge: 0.0004% |
| Equity Delivery | NSE:- 0.00345% | BSE:-0.00345% | NSE: 0.00335% on Turnover Value (Buy & Sell) | NSE .00275% on Turnover Value (Buy & Sell) | BSE: Charges vary as per The Scrip Group Exchange turnover charge: 0.00022% | Clearing charge: 0.0004% |
Groww Vs Elite Wealth - Margin (Exposure)
| Groww | Elite Wealth | |
|---|---|---|
| Equity Options | 1x | 1x (100% of Normal margin (Span + Exposure)) |
| Equity Intraday | 5x | 5x (Up to 20% of trade value) |
| Currency Options | N/A | 1x (100% of Normal margin (Span + exposure)) |
| Commodity Options | N/A | 1x (100% of Normal margin (Span + Exposure)) |
| Commodity Futures | N/A | 1x (100% of Normal margin (Span + Exposure)) |
| Equity Delivery | 1x (no margin) | 1x (100% of trade value) |
| Currency Futures | N/A | 1x (100% of Normal margin (Span + exposure)) |
| Equity Futures | 1x | 1x (100% of Normal margin (Span + Exposure)) |
Groww Vs Elite Wealth - Features
| Groww | Elite Wealth | |
|---|---|---|
| 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 & F&O:- 3:15 PM | Currency 4:45 PM | Commodity:- 11:25 PM |
| Trading Platform | Groww Web (Browser based trading website) , Groww Mobile Application | 1. Elite Empower Mobile App, 2. Elite Enhance Desktop Software, 3. Elite Kuber Mutual Fund App, 4. Elite Web Online Platform |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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Groww Vs Elite Wealth - Review & Rating
| Groww | Elite Wealth | |
|---|---|---|
| Trading Brokerage | ||
| Customer Service | ||
| Fees | ||
| Trading Platform Usability | ||
| Mobile App | ||
| Research | ||
| Desktop Software | ||
| Overall Ratings | ||
| Broker Rating | ||
| Call Back Open Account |
Groww Vs Elite Wealth - Request a call back from Broker
| Groww | Elite Wealth | |
|---|---|---|
Groww Vs Elite Wealth - Investment Options
| Groww | Elite Wealth | |
|---|---|---|
| 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 Elite Wealth - Order Type
| Groww | Elite Wealth | |
|---|---|---|
| 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 Elite Wealth - Research & Report
| Groww | Elite Wealth | |
|---|---|---|
| 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 Elite Wealth - Daily Market Report
| Groww | Elite Wealth | |
|---|---|---|
| Daily Market Reports & News |
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Groww Vs Elite Wealth - Suitable For Investor
| Groww | Elite Wealth | |
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| Casual Investor |
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| Active Investor |
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| Trader |
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Groww Vs Elite Wealth - Pros & Cons
| Groww | Elite Wealth | |
|---|---|---|
| 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. It is a full-service broker 2. It provides equity and Mutual Fund research and recommendation services to all its customers. 3. Excellent Research 4. Call n Trade Facility 5. It facilitates its customers with a RM (Relationship Manager). 6. It offers Upcoming IPO updates 7. Online access to the account on all days |
| 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. Brokerage charges are high as compared to the discount brokers. 2. It does not provide three-in-one account and does not have banking license. 3. Risk of Overtrading. |
Groww Vs Elite Wealth - Background
| Groww | Elite Wealth | |
|---|---|---|
Groww Vs Elite Wealth - Compare All Brokers
| Groww | Elite Wealth | |
|---|---|---|
Groww Vs Elite Wealth - STT/CTT
| Groww | Elite Wealth | |
|---|---|---|
| Commodity Futures | N/A | 0.01% on Sell Side Non-Agri |
| Currency Futures | No STT | No STT |
| Equity Intraday | 0.025% only on sell | 0.025% on Sell |
| Equity Options | 0.05% only on sell | 0.05% 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 % on Sell |
| Commodity Options | N/A | 0.05% on Sell Side |
Groww Vs Elite Wealth - Demat transaction charges
| Groww | Elite Wealth | |
|---|---|---|
| Equity Demat Transaction Charges | ₹13.5 Gst per scrip per day only on sell | No Charges |
Groww Vs Elite Wealth - GST
| Groww | Elite Wealth | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% ( Brokerage + Transaction charges) | 18% on (Brokerage + Transaction Charge) |
Groww Vs Elite Wealth - SEBI Charges
| Groww | Elite Wealth | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/ Crore | ₹10/Crore |
Groww Vs Elite Wealth - Account Opening & AMC Charges
Groww
Elite Wealth
Trading Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account AMC
₹0 (Free)
First Year Free then Rs. 399 + GST per Year (Online method) or Rs. 599 + GST One Time Charges for Lifetime (Online method
Trading Account AMC
₹0 (Free)
₹0 (Free)
Groww Vs Elite Wealth
| Groww | Elite Wealth | |
|---|---|---|
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 "+ Elite Wealth |
Elite Wealth Review | Products and Trading Platforms |
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Elite Wealth
Groww Vs Elite Wealth - Brokerage charges & Plans
| Groww | Elite Wealth | |
|---|---|---|
| Commodity Futures | N/A | 0.03% |
| Currency Futures | N/A | 0.03% |
| Equity Delivery | ₹20/ Order or 0.05% (whichever is lower) | 0.33% |
| Equity Options | ₹20/ Order or 0.05% (whichever is lower) | ₹33 per Lot |
| Commodity Options | N/A | 0.03% |
| Equity Futures | ₹20/ Order or 0.05% (whichever is lower) | 0.03% |
| Currency Options | N/A | ₹33 per Lot |
| Fixed Charges | ₹20/ Order | 0.03% |
| Equity Intraday | ₹20/ Order or 0.05% (whichever is lower) | 0.03% |
| Call Back Open Account |
Groww Vs Elite Wealth - Margin (Exposure)
| Groww | Elite Wealth | |
|---|---|---|
| Equity Options | 1x | 1x (100% of Normal margin (Span + Exposure)) |
| Equity Intraday | 5x | 5x (Up to 20% of trade value) |
| Currency Options | N/A | 1x (100% of Normal margin (Span + exposure)) |
| Commodity Options | N/A | 1x (100% of Normal margin (Span + Exposure)) |
| Commodity Futures | N/A | 1x (100% of Normal margin (Span + Exposure)) |
| Equity Delivery | 1x (no margin) | 1x (100% of trade value) |
| Currency Futures | N/A | 1x (100% of Normal margin (Span + exposure)) |
| Equity Futures | 1x | 1x (100% of Normal margin (Span + Exposure)) |
| Call Back Open Account |
Groww Vs Elite Wealth - Other Charges
| Groww | Elite Wealth | |
|---|---|---|
| RMS Square Off Charge | ₹50/ Order | ₹0 (Free) |
| API Charges | ₹0 (Free) | ₹0 (Free) |
| Call & Trade Charges | N/A | ₹0 (Free) |
| Other Brokerage Charges | ₹20/ Order or 0.05% | 0.03% |
| Minimum Brokerage | ₹20/ Order | 0.03% |
Groww Vs Elite Wealth - STT/CTT
| Groww | Elite Wealth | |
|---|---|---|
| Commodity Futures | N/A | 0.01% on Sell Side Non-Agri |
| Currency Futures | No STT | No STT |
| Equity Intraday | 0.025% only on sell | 0.025% on Sell |
| Equity Options | 0.05% only on sell | 0.05% 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 % on Sell |
| Commodity Options | N/A | 0.05% on Sell Side |
Groww Vs Elite Wealth - Demat transaction charges
| Groww | Elite Wealth | |
|---|---|---|
| Equity Demat Transaction Charges | ₹13.5 Gst per scrip per day only on sell | No Charges |
Groww Vs Elite Wealth - GST
| Groww | Elite Wealth | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% ( Brokerage + Transaction charges) | 18% on (Brokerage + Transaction Charge) |
Groww Vs Elite Wealth - SEBI Charges
| Groww | Elite Wealth | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/ Crore | ₹10/Crore |
Groww Vs Elite Wealth - Features
| Groww | Elite Wealth | |
|---|---|---|
| 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 & F&O:- 3:15 PM | Currency 4:45 PM | Commodity:- 11:25 PM |
| Trading Platform | Groww Web (Browser based trading website) , Groww Mobile Application | 1. Elite Empower Mobile App, 2. Elite Enhance Desktop Software, 3. Elite Kuber Mutual Fund App, 4. Elite Web Online Platform |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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| Call Back Open Account |