Chittorgarh.com Logo
Loading...

Bonanza Vs Groww (Compare Bonanza and Groww)

Bonanza Portfolio Ltd Logo

About Bonanza
Incorporated in 1994, Bonanza Portfolio Ltd is an Indian financial services and brokerage company with long experience in the capital markets. It offers brokerage services in the areas of equity, indices, and commodity derivatives, as well as provides depository services. Bonanza has pan-India presence across more than 1784 outlets spread across 560 cities. The company operates in the cash and derivative segments of both NSE and BSE. It also has membership of Multi Commodity Exchange (MCX), N... Know more about Bonanza Portfolio Ltd

Nextbillion Technology pvt ltd Logo

About Groww
Groww is a Bangalore based broker offering online flat fee discount brokerage services to invest in Equity, IPO, and Direct Mutual Funds. Groww is the brand name for Nextbillion Technology Private Limited who is a SEBI registered stockbroker and a member of NSE and BSE. Established in 2016, Groww initially started as a direct mutual fund investment platform. In the mid-2020s, Groww expanded its product offering to include Equity trading. The company also offers Digital gold, US Stocks, and Fixe... Know more about Nextbillion Technology pvt ltd

Expand

Bonanza Vs Groww

Incorporated in 1994, Bonanza is a Full Service Broker. It offers trading at BSE, NSE, MCX, NCDEX, NFO, CDS. It has 1784 branches across India. Incorporated in 2016, Groww is a Discount Broker. It offers trading at NSE and BSE. It has 0 branches across India.

  Bonanza Groww
Type of Broker Full Service Broker Discount Broker
Exchnage Membership BSE, NSE, MCX, NCDEX, NFO, CDS NSE and BSE
Year of Incorporation 1994 2016
Number of Branches 1784 0
Enquire BonanzaEnquire Groww

Expand

Bonanza Vs Groww Charges & AMC

Bonanza trading account opening charges is Rs 999 while Groww account opening changes is Rs 0. Bonanza Demat Account AMC Charges is Nil and Groww Demat Account AMC Charges is Rs 0.

  Bonanza Groww
Trading Account Opening Charges Rs 999 Rs 0
Trading Account AMC Charges Nil Rs 0
Demat Account Opening Charges Nil Rs 0
Demat Account AMC Charges Nil Rs 0

Expand

Bonanza Vs Groww Brokerage

Bonanza brokerage charges for equity is Rs 18 per executed order and intraday is Rs 18 per executed order whereas Groww brokerage charges for equity is Rs 20 per executed order or 0.05% whichever is lower and intraday is Rs 20 per executed order or 0.05% whichever is lower.

Account Type Bonanza Flat Brokerage Plan Groww Standard Plan
Fixed Charges NA
Equity Delivery Rs 18 per executed order Rs 20 per executed order or 0.05% whichever is lower
Equity Intraday Rs 18 per executed order Rs 20 per executed order or 0.05% whichever is lower
Equity Futures Rs 18 per executed order NA
Equity Options Rs 18 per executed order NA
Currency Futures Rs 18 per executed order NA
Currency Options Rs 18 per executed order NA
Commodity Futures Rs 18 per executed order NA
Commodity Options Rs 18 per executed order NA
Special Offer

Bonanza Charges Vs Groww

Minimum Brokerage Intraday - .0001% and Delivery - .005% Rs 20 or 0.05% per executed order
Other Charges Physical Contract Note: Rs 20 + Courier Charges; Auto square off charges : Rs 50
Call & Trade Charges Rs 25 per trade NA

Expand

Bonanza Vs Groww Transaction Charges

Bonanza transaction charges for options is NSE Rs 5750 per Cr (0.0575%) | BSE Rs 3250 per Cr (0.0325%) (on premium) while Groww exchange transaction charges for options is NA.

  Bonanza Groww
Equity Delivery NSE Rs 325 per Cr (0.00325%) | BSE Rs 275 per Cr (0.00275%) (each side) NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Intraday NSE Rs 325 per Cr (0.00325%) | BSE Rs 275 per Cr (0.00275%) (each side) NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Futures NSE Rs 215 per Cr (0.00215%) | BSE Rs 75 per Cr (0.00075%) (each side) NA
Equity Options NSE Rs 5750 per Cr (0.0575%) | BSE Rs 3250 per Cr (0.0325%) (on premium) NA
Currency Futures NSE Rs 135 per Cr (0.00135%) | BSE Rs 29 per Cr (0.00029%) NA
Currency Options NSE Rs 4750 per Cr (0.0475%) | BSE Rs 754 per Cr (0.00754%) (on premium) NA
Commodity MCX - Non Agri Rs 235 per Cr (0.00235%) | MCX - Agri Rs 100 per Cr (0.001%) NA
Enquire BonanzaEnquire Groww

Expand

Bonanza Vs Groww Leverage (Margin)

Bonanza margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Groww margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

  Bonanza Groww
Equity Delivery 100% of trade value (1x leverage) 100% of trade value (1x leverage)
Equity Intraday Up to 20% of trade value (5x leverage) Up to 20% of trade value (5x leverage)
F&O (Eq, Curr, Comm) 100% of NRML margin (Span + Exposure) (1x leverage) 100% of NRML margin (Span + Exposure) (1x leverage)
Enquire BonanzaEnquire Groww

Expand

Compare Bonanza and Groww Features

The trading platforms offered Bonanza include Omnesys NEST Trader, My E Trade, My E Trade Mobile App. Groww offers Groww trading software.

  Bonanza Groww
3 in 1 Account No No
Charting Yes Yes
Automated Trading No No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Yes No
Margin Against Shares (Equity Cash) No
Margin Against Shares (Equity F&O) No
Trading Platform Omnesys NEST Trader, My E Trade, My E Trade Mobile App Groww
Intraday Square-off Time 3:15 3:10 PM
Other Features
Referral Program
Enquire BonanzaEnquire Groww

Expand

Bonanza Vs Groww Review

Bonanza is rated 3.6 of 5 based on 7 customer reviews whereas Groww is rated 4.0 of 5 based on 46 customer reviews.

  Bonanza Groww
  7 Customer Reviews    Rate Bonanza 46 Customer Reviews    Rate Groww
Fees 3.4 4.2
Brokerage 3.3 4.0
Trading Platform 3.1 3.9
Customer Service 3.7 3.6
Research Capabilities 5.0 3.0
Overall Ratings Rated 3.6 stars Rated 4.0 stars
Broker Rating Bonanza is rated 3.6 of 5 based on 7 customer reviews Groww is rated 4.0 of 5 based on 46 customer reviews

Expand

Contact Broker / Request A Call Back

  Bonanza Enquire Groww Enquire
Contact Broker Leave your contact information and we will get in touch with you....
Leave your contact information and we will get in touch with you....

Expand

Bonanza Vs Groww Investment Options

  Bonanza Groww
Stock / Equity Yes Yes
Commodity Yes No
Currency Yes No
IPO Yes Yes
Mutual Funds Yes Yes
Bond / NCD No No
Debt No Yes
Other Investment Options Insurance Digital Gold, US Stocks, Fixed Deposits

Expand

Bonanza Vs Groww Order Type Offered

  Bonanza Groww
Bracket Order No No
Cover Order No No
Buy Today Sell Tomorrow (BTST) Yes Yes
Sell Today Buy Tomorrow (STBT) Yes No
After Market Order(AMO) Yes No
Good Till Cancelled (GTC) Yes No
Enquire BonanzaEnquire Groww

Expand

Bonanza Vs Groww Research Report

  Bonanza Groww
Daily Market Report Yes No
Free Tips Yes No
Quarterly Result Analysis Yes No
News Alerts Yes No

Expand

Bonanza Vs Groww Suitable For Investor Type

  Bonanza Groww
Casual Investor Yes
Active Investor Yes
Trader Yes

Expand

Bonanza Vs Groww - Pros and Cons

  Bonanza Groww
Pros
  1. Multiple fee structure to fulfill need of different type of investors.
  2. Offers 2 in 1 account which is Trading cum Demat account
  3. Bonanza offers add-on services like online bidding for IPO and mutual funds
  • Simple pricing model with low-cost trading charges.
  • Free Mutual Fund investments with no hidden charges.
  • Zero Account opening fee.
  • Zero Maintenance Charges.
  • Direct MF platform that helps you earn an extra 1.5% returns.
  • E-books, Resources, and Blogs that provide the basics and updates on the stock market to help investors make an informed decision.
  • Instant paperless account opening.
  • Online IPO application.
  • Inhouse Brokerage Calculator
  • Option to invest online in digital gold and US Stocks. Other products (Derivatives, FD) in the pipeline. 
Cons
  1. Call & trade is charged extra at the rate of Rs 25 per trade.
  2. Bonanza doesn't offer any Referral program.
  3. Customer reported hidden charges and fees which was not explained at the time of account opening.
  • Limited investment products with no option to currently trade in derivatives (futures & options), commodity, and currency segment.
  • No Call and Trade services.
  • Branch support not available.
  • Do not provide stock tips, research reports, or recommendations.
  • No Margin trading facility.
  • No Margin against shares.
  • Advanced order types like BO, CO, AMO, and GTT not available.
  • Trailling stop loss orders are not available in Groww app.
  • Do not offer NRI Trading.
Reviews

Groww is a Bangalore based broker offering online services to invest in Equity, IPO, and Direct Mutual Funds. Groww is registered with SEBI as a stock broker in the name of NextBillion Technology Limited. Groww is also a member of the NSE, BSE, and CDSL depository.

Groww is an online discount broker with a simple pricing model based on a flat fee. The company charges a lower of Rs 20 or 0.05% per executed trade and offers Free Mutual Fund services with no charges in investing or redemption of mutual funds.

The account opening with Groww is also free with no maintenance charges. It does not offer any tips, recommendations, and research services. Groww offers its trading platform called Groww on web and mobile app to enjoy a seamless trading experience for its investors.

Promo / Offers

AMC are waived off for the 1st year

Enquire BonanzaEnquire Groww

Comments

Add a public comment...

Compare Bonanza Compare Groww
Compare More Brokers: