Achiievers Vs Groww (Compare Achiievers and Groww)


Achiievers
Incorporated in 1999, Achiievers Equities Ltd is an online discount brokerage firm offering brokerage services for stocks, futures, and options, currency and commodities on NSE, BSE & MCX. Achiievers offers a whole new way of trading going with the tagline "Making Money Differently", made it simple wherein a client pays a nominal brokerage charge of either Rs 50 per day for Unlimited Trade or Rs 750 for unlimited trading for the entire month or can opt for a suitable brokerage plan as per con... Know more about Achiievers Equities Ltd


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

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Achiievers Vs Groww

Incorporated in 2012, Achiievers is a Discount Broker. It offers trading at NSE, BSE and MCX. It has 1 branches across India. Incorporated in 2016, Groww is a Discount Broker. It offers trading at NSE and BSE. It has 0 branches across India.

  Achiievers Groww
Type of Broker Discount Broker Discount Broker
Exchnage Membership NSE, BSE and MCX NSE and BSE
Year of Incorporation 2012 2016
Number of Branches 1 0
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Achiievers Vs Groww Charges & AMC

Achiievers trading account opening charges is Rs 150 while Groww account opening changes is Rs 0. Achiievers Demat Account AMC Charges is Rs 400 and Groww Demat Account AMC Charges is Rs 0.

  Achiievers Groww
Trading Account Opening Charges Rs 150 Rs 0
Trading Account AMC Charges Nil Rs 0
Demat Account Opening Charges Nil Rs 0
Demat Account AMC Charges Rs 400 Rs 0
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Achiievers Vs Groww Brokerage Charges & Plans

Achiievers Vs Groww Brokerage

Achiievers brokerage charges for equity is Rs 15 and intraday is Rs 15 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.

  Achiievers Groww
Account Type Flat Fee Plan Standard Plan
Fixed Charges NA NA
Equity Delivery Rs 15 Rs 20 per executed order or 0.05% whichever is lower
Equity Intraday Rs 15 Rs 20 per executed order or 0.05% whichever is lower
Equity Futures Rs 15 NA
Equity Options Rs 15 NA
Currency Futures Rs 15 NA
Currency Options Rs 15 NA
Commodity Futures Rs 15 NA
Commodity Options NA
Special Offer

Achiievers Vs Groww Brokerage Plan 2

  Achiievers Groww
Account Type Mega Value Plan Standard Plan
Fixed Charges Rs 750 (Per Segment) NA
Equity Delivery Rs 1 per executed order Rs 20 per executed order or 0.05% whichever is lower
Equity Intraday Rs 1 per executed order Rs 20 per executed order or 0.05% whichever is lower
Equity Futures Rs 1 per executed order NA
Equity Options Rs 1 per executed order NA
Currency Futures Rs 1 per executed order NA
Currency Options Rs 1 per executed order NA
Commodity Futures Rs 1 per executed order NA
Commodity Options Rs 1 per executed order NA

Achiievers Vs Groww Brokerage Plan 3

  Achiievers Groww
Account Type Per Day Plan Standard Plan
Fixed Charges Rs 50 per day (each segment) NA
Equity Delivery Rs 1 per executed order Rs 20 per executed order or 0.05% whichever is lower
Equity Intraday Rs 1 per executed order Rs 20 per executed order or 0.05% whichever is lower
Equity Futures Rs 1 per executed order NA
Equity Options Rs 1 per executed order NA
Currency Futures Rs 1 per executed order NA
Currency Options Rs 1 per executed order NA
Commodity Futures Rs 1 per executed order NA
Commodity Options Rs 1 per executed order NA

Achiievers Charges Vs Groww

Minimum Brokerage Rs 15 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 20 per trade NA
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Achiievers Vs Groww Transaction Charges

Achiievers transaction charges for options is Rs 7500 per Cr (0.075%) while Groww exchange transaction charges for options is NA.

  Achiievers Groww
Equity Delivery Rs 350 per Cr (0.0035%) NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Intraday Rs 350 per Cr (0.0035%) NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Futures Rs 390 per Cr (0.0039%) NA
Equity Options Rs 7500 per Cr (0.075%) NA
Currency Futures Rs 175 per Cr (0.00175%) NA
Currency Options Rs 6500 per Cr (0.065%) NA
Commodity MCX Agri Rs 325 per Cr (0.00325%) | Non Agri Rs 460 per Cr (0.0046%) NA
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Achiievers Vs Groww Leverage (Margin)

Achiievers margin for intraday trading is up to 6 times of the trade value based on the volatility of the stock whereas the Groww margin for intraday cash is up to 6x of the trade value based on the stock.

As per the new policy, the margin offered by the broker will be decided by the exchange from Sept 01, 2021. Brokers cannot offer 'additional margin' like 40x in any segment. All brokers will offer the same margin exposure or leverage.

  Achiievers Groww
Equity Delivery 1x (no margin) 1x (no margin)
Equity Intraday Up to 6x (based on the stock) Up to 6x (based on the stock)
Equity F&O Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Currency Futures Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Commodity Futures Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
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Compare Achiievers and Groww Features

The trading platforms offered Achiievers include NOW Online, NOW Trader. Groww offers Groww trading software.

  Achiievers 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 NOW Online, NOW Trader Groww
Intraday Square-off Time 3:15 PM 3:10 PM
Other Features
Referral Program Yes
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Achiievers Vs Groww Review

Achiievers is rated 4.6 of 5 based on 5 customer reviews whereas Groww is rated 3.8 of 5 based on 33 customer reviews.

  Achiievers Groww
  5 Customer Reviews    Rate Achiievers 33 Customer Reviews    Rate Groww
Fees 4.6 4.2
Brokerage 5.0 3.9
Trading Platform 4.2 3.7
Customer Service 4.2 3.4
Research Capabilities 3.0 2.8
Overall Ratings Rated 4.6 stars Rated 3.8 stars
Broker Rating Achiievers is rated 4.6 of 5 based on 5 customer reviews Groww is rated 3.8 of 5 based on 33 customer reviews
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Contact Broker / Request A Call Back

  Achiievers 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....
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Achiievers Vs Groww Investment Options

  Achiievers Groww
Stock / Equity Yes Yes
Commodity Yes No
Currency Yes No
IPO Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes No
Debt Yes Yes
Other Investment Options Digital Gold, US Stocks, Fixed Deposits
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Achiievers Vs Groww Order Type Offered

  Achiievers Groww
Bracket Order No No
Cover Order Yes No
Buy Today Sell Tomorrow (BTST) Yes
Sell Today Buy Tomorrow (STBT) No
After Market Order(AMO) Yes No
Good Till Cancelled (GTC) No
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Achiievers Vs Groww Research Report

  Achiievers Groww
Daily Market Report Yes No
Free Tips Yes No
Quarterly Result Analysis Yes No
News Alerts Yes No
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Achiievers Vs Groww Suitable For Investor Type

  Achiievers Groww
Casual Investor Yes
Active Investor
Trader Yes
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Achiievers Vs Groww - Pros and Cons

  Achiievers Groww
Pros
  1. MEGA VALUE PLAN (MVP) the monthly unlimited trading plan @ Rs 750/ per month for trading at NSE, BSE, NSE SX and MCX.
  2. Rs 50 per day plan and Rs 15 per trade plan is also available.
  3. Trading Software's including website, mobile app and installable trading terminals are available for free.
  4. No minimum brokerage.
  5. Achiievers offers facility to invest in IPO, FPO, Mutual Funds, Insurance, FDs, NCDs and Offer For Sale (OFS).
  • 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
  • Call and trade facility available with additional charges of Rs 20 per trade.
  • They charge Rs 75 per month for Research recommendation on SMS.
  • 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.

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