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

The side-by-side comparison of Aditya Birla Money and Groww. Compare Aditya Birla Money Vs Groww brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best Aditya Birla Money vs Groww?


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


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
Supported Exchnages BSE, NSE, MCX NSE and BSE
Account Type Standard Plan
Year of Incorporation 1994 2016
Number of Branches 800 0
Broker Enquiry Open an Online Trading Account with Aditya Birla Money. Leave your contact info and we will get in touch with you.
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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 Charges & Plans

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.

  Aditya Birla Money Groww
Account Type Standard Plan
Fixed Charges NA
Equity Delivery Brokerage 0.30% Rs 20 per executed order or 0.05% whichever is lower
Equity Intraday Brokerage 0.03% Rs 20 per executed order or 0.05% whichever is lower
Equity Futures Brokerage 0.03% Rs 20 per executed order or 0.05% whichever is lower
Equity Options Brokerage Rs 50 per lot Rs 20 per executed order
Currency Futures Trading Brokerage 0.03% NA
Currency Options Trading Brokerage Rs 50 per lot NA
Commodity Futures Trading Brokerage 0.03% NA
Commodity Options Trading Brokerage Nil NA
Special Offer

Aditya Birla Money Charges Vs Groww

Minimum Brokerage Charges Rs 20 per executed order Rs 20 or 0.05% per executed order
Other Brokerage 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 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
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Aditya Birla Money Vs Groww Leverage (Margin)

Aditya Birla Money provides the margin of 15x for A & B grp approved stock, up to 40X on selected Nifty 50 stocks for Trade 40X product for intraday trades whereas the Groww margin for intraday cash is Up to 8x (based on the stock).

  Aditya Birla Money Groww
Equity Delivery Upto 5x with interest 1x (no margin)
Equity Intraday 15x for A & B grp approved stock, up to 40X on selected Nifty 50 stocks for Trade 40X product Up to 8x (based on the stock)
Equity Futures Upto 3x NA
Equity Options Nil NA
Currency Futures 3x NA
Currency Options Nil NA
Commodity Futures 4x NA
Commodity Options NA
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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 Available 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
Other Features Insurance and Pension scheme available
Referral Program
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Aditya Birla Money Vs Groww Review

Aditya Birla Money is rated 2.7 of 5 based on 13 customer reviews whereas Groww is rated 3.9 of 5 based on 9 customer reviews.

  Aditya Birla Money Groww
  13 Customer Reviews    Rate Aditya Birla Money 9 Customer Reviews    Rate Groww
Fees 2.8 4.3
Trading Brokerage 3.1 4.3
Trading Platform Usability 2.5 3.7
Customer Service 2.8 3.6
Research Capabilities 5.0 2.2
Overall Ratings Rated 2.7 stars Rated 3.9 stars
Broker Rating Aditya Birla Money is rated 2.7 of 5 based on 13 customer reviews Groww is rated 3.9 of 5 based on 9 customer reviews
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  Aditya Birla Money Enquire Groww Enquire
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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
Initial Public Offers (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
Cons
  1. Doesn't offer online account opening facility
  2. Brokerage calculator is not available
  3. Doesn't have Referral program
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