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Aditya Birla Money Vs Groww (Compare Aditya Birla Money and Groww)

Aditya Birla Money Ltd Logo

Aditya Birla Money
Incorporated in 1994, Aditya Birla Money Ltd (ABML) is a subsidiary of Aditya Birla Capital Limited and is headquartered in Chennai. The company was formerly known as Apollo Sindhoori Capital Investments. It is engaged in stock broking business and is a member of BSE and NSE. It also holds Portfolio Management Services (PMS) license from SEBI and is a Depository Participant with National Securities Depository Limited ('NSDL') and the Central Depository Services (India) Limited ('CDSL'). The comp... Know more about Aditya Birla Money 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

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Aditya Birla Money Vs Groww

Incorporated in 1994, Aditya Birla Money is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 800 branches across India. Incorporated in 2016, Groww is a Discount Broker. It offers trading at NSE and BSE. It has 0 branches across India.

  Aditya Birla Money Groww
Type of Broker Full Service Broker Discount Broker
Exchnage Membership BSE, NSE, MCX NSE and BSE
Year of Incorporation 1994 2016
Number of Branches 800 0

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Aditya Birla Money Vs Groww Charges & AMC

Aditya Birla Money trading account opening charges is Rs 750 while Groww account opening changes is Rs 0. Aditya Birla Money Demat Account AMC Charges is Rs 436 and Groww Demat Account AMC Charges is Rs 0.

  Aditya Birla Money Groww
Trading Account Opening Charges Rs 750 Rs 0
Trading Account AMC Charges Nil Rs 0
Demat Account Opening Charges Nil Rs 0
Demat Account AMC Charges Rs 436 Rs 0

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Aditya Birla Money Vs Groww Brokerage

Aditya Birla Money brokerage charges for equity is 0.30% and intraday is 0.03% 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 Aditya Birla Money Groww Standard Plan
Fixed Charges NA
Equity Delivery 0.30% Rs 20 per executed order or 0.05% whichever is lower
Equity Intraday 0.03% Rs 20 per executed order or 0.05% whichever is lower
Equity Futures 0.03% Rs 20 per executed order
Equity Options Rs 50 per lot Rs 20 per executed order
Currency Futures 0.03% NA
Currency Options Rs 50 per lot NA
Commodity Futures 0.03% NA
Commodity Options Nil NA
Special Offer

Zerodha (Trade with the best stock broker)

Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

Zerodha (Trade with the best stock broker)

Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

Aditya Birla Money Charges Vs Groww

Minimum Brokerage Rs 20 per executed order 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 Nil NA

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Aditya Birla Money Vs Groww Transaction Charges

Aditya Birla Money transaction charges for options is Rs 5000 per Cr (0.05%) (on premium) while Groww exchange transaction charges for options is NSE: 0.053% on premium.

  Aditya Birla Money Groww
Equity Delivery Rs 325 per Cr (0.00325%) NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Intraday Rs 325 per Cr (0.00325%) NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Futures Rs 190 per Cr (0.0019%) NSE: 002%
Equity Options Rs 5000 per Cr (0.05%) (on premium) NSE: 0.053% on premium
Currency Futures Rs 110 per Cr (0.0011%) NA
Currency Options Rs 4000 per Cr (0.04%) (on premium) NA
Commodity MCX - Rs 300 per Cr (0.003%) | NCDEX - Rs 400 per Cr (0.004%) NA

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Aditya Birla Money Vs Groww Leverage (Margin)

Aditya Birla Money 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.

  Aditya Birla Money 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)

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Compare Aditya Birla Money and Groww Features

The trading platforms offered Aditya Birla Money include Etrade, Advanced web, Mobile invest. Groww offers Groww trading software.

  Aditya Birla Money Groww
3 in 1 Account No No
Charting Yes Yes
Automated Trading No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Yes No
Margin Against Shares (Equity Cash) Yes No
Margin Against Shares (Equity F&O) No
Trading Platform Etrade, Advanced web, Mobile invest Groww
Intraday Square-off Time 3:15 3:10 PM
Trading In SME Shares Allowed? No
Referral Program
Other Features Insurance and Pension scheme available

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Aditya Birla Money Vs Groww Review

Aditya Birla Money is rated 3.0 of 5 based on 29 customer reviews whereas Groww is rated 4.0 of 5 based on 66 customer reviews.

  Aditya Birla Money Groww
  29 Customer Reviews    Rate Aditya Birla Money 66 Customer Reviews    Rate Groww
Fees 3.3 4.3
Brokerage 3.2 4.0
Trading Platform 3.3 4.0
Customer Service 2.9 3.7
Research Capabilities 3.7 3.2
Overall Ratings Rated 3.0 stars Rated 4.0 stars
Broker Rating Aditya Birla Money is rated 3.0 of 5 based on 29 customer reviews Groww is rated 4.0 of 5 based on 66 customer reviews

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Contact Broker / Request A Call Back

  Aditya Birla Money Enquire Groww Enquire
Contact Broker Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today. Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

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Aditya Birla Money Vs Groww Investment Options

  Aditya Birla Money 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 Mutual Funds Digital Gold, US Stocks, Fixed Deposits

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Aditya Birla Money Vs Groww Order Type Offered

  Aditya Birla Money Groww
Bracket Order No No
Cover Order No No
Buy Today Sell Tomorrow (BTST) No Yes
Sell Today Buy Tomorrow (STBT) No No
After Market Order(AMO) No No
Good Till Cancelled (GTC) Yes No

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Aditya Birla Money Vs Groww Research Report

  Aditya Birla Money Groww
Daily Market Report Yes No
Free Tips Yes No
Quarterly Result Analysis Yes No
News Alerts Yes No

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Aditya Birla Money Vs Groww Suitable For Investor Type

  Aditya Birla Money Groww
Casual Investor Yes Yes
Active Investor
Trader

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Aditya Birla Money Vs Groww - Pros and Cons

  Aditya Birla Money Groww
Pros
  1. ABM offers 2 in 1 account which is Trading cum Demat account
  2. No Call and Trade charges
  3. Fund transfer facility available from more than 11 banks
  4. ABM offers Portfolio Tracker which is one stop shop for your entire portfolio
  • 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. Doesn't offer online account opening facility
  2. Brokerage calculator is not available
  3. Doesn't have Referral program
  • Limited investment products with no option to currently trade in derivatives (futures & options), commodity, and currency segment.
  • Doesn't offer trading in SME shares.
  • 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

Zerodha (India's Best & No. 1 Broker)

  Special Offer - Free Equity Delivery and Mutual Funds

  • Brokerage-free equity delivery trades.
  • Brokerage-free Direct Mutual Fund.
  • Pay ₹20 per trade for Intraday & F&O.
  • The best trading platform in India.

Open Instant Demat Account Read Reviews

Zerodha (India's Best & No. 1 Broker)

  Special Offer - Free Equity Delivery and Mutual Funds

  • Brokerage-free equity delivery trades.
  • Brokerage-free Direct Mutual Fund.
  • Pay ₹20 per trade for Intraday & F&O.
  • The best trading platform in India.

Open Instant Demat Account Read Reviews

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