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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... 
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...
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 |
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 |
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.
| Aditya Birla Money | Groww | |
|---|---|---|
| Account Type | 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% | NA |
| Equity Options | Rs 50 per lot | NA |
| Currency Futures | 0.03% | NA |
| Currency Options | Rs 50 per lot | NA |
| Commodity Futures | 0.03% | NA |
| Commodity Options | Nil | NA |
| Special Offer |
| 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 |
Aditya Birla Money transaction charges for options is Rs 5000 per Cr (0.05%) (on premium) while Groww exchange transaction charges for options is NA.
| 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%) | NA |
| Equity Options | Rs 5000 per Cr (0.05%) (on premium) | NA |
| 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 |
Aditya Birla Money 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.
| Aditya Birla Money | 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) |
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 |  |
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| Charting |  |
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| Automated Trading | |
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| SMS Alerts | |
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| Online Demo | |
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| Online Portfolio | |
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| Margin Trading Funding | |
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| Margin Against Shares (Equity Cash) | |
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| Margin Against Shares (Equity F&O) | |
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| Trading Platform | Etrade, Advanced web, Mobile invest | Groww |
| Intraday Square-off Time | 3:15 | 3:10 PM |
| Other Features | Insurance and Pension scheme available | |
| Referral Program |
Aditya Birla Money is rated 2.9 of 5 based on 21 customer reviews whereas Groww is rated 3.8 of 5 based on 33 customer reviews.
| Aditya Birla Money | Groww | |
|---|---|---|
21 Customer Reviews  |
33 Customer Reviews |
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| Broker Rating | Aditya Birla Money is rated 2.9 of 5 based on 21 customer reviews | Groww is rated 3.8 of 5 based on 33 customer reviews |
| Aditya Birla Money 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.... |
| Aditya Birla Money | Groww | |
|---|---|---|
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| Bond / NCD | |
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| Other Investment Options | Mutual Funds | Digital Gold, US Stocks, Fixed Deposits |
| Aditya Birla Money | Groww | |
|---|---|---|
| Bracket Order | |
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| Cover Order | |
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| Buy Today Sell Tomorrow (BTST) | |
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| Sell Today Buy Tomorrow (STBT) | |
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| Good Till Cancelled (GTC) | |
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| Aditya Birla Money | Groww | |
|---|---|---|
| Daily Market Report | |
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| News Alerts | |
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| Aditya Birla Money | Groww | |
|---|---|---|
| Casual Investor | |
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| Aditya Birla Money | Groww | |
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| 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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