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Alice Blue Vs Groww (Compare Alice Blue and Groww)

Alice Blue Financial Services Logo

About Alice Blue
Incorporated in 2006, Alice Blue is a Bangalore based discount stock broker offering stock and commodity trading services at BSE, NSE, and MCX. Alice Blue also offers depository service (demat account) through its membership with CDSL. AliceBlue offers one simple brokerage plans, Freedom 15 (F15) to its customers. The flat fee brokerage plan F15 minimizes the brokerage fee so that customers incur the lowest cost while trading. It is a discount brokerage plan which offers brokerages free equi... Know more about Alice Blue Financial Services

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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Alice Blue Vs Groww

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

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

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

  Alice Blue Groww
Trading Account Opening Charges Rs 150 Rs 0
Trading Account AMC Charges Rs 0 Rs 0
Demat Account Opening Charges Rs 0 Rs 0
Demat Account AMC Charges Rs 400 Rs 0

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Alice Blue Vs Groww Brokerage

Alice Blue brokerage charges for equity is Rs 0 (Free) and intraday is Rs 15 per order or 0.01% whichever is lower 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 Alice Blue Freedom 15 Groww Standard Plan
Fixed Charges NA
Equity Delivery Rs 0 (Free) Rs 20 per executed order or 0.05% whichever is lower
Equity Intraday Rs 15 per order or 0.01% whichever is lower Rs 20 per executed order or 0.05% whichever is lower
Equity Futures Rs 15 per order or 0.01% whichever is lower NA
Equity Options Rs 15 per order NA
Currency Futures Rs 15 per order or 0.01% whichever is lower NA
Currency Options Rs 15 per order NA
Commodity Futures Rs 15 per order or 0.01% whichever is lower NA
Commodity Options Rs 15 per order NA
Special Offer
Special Offer: Get brokerage FREE equity delivery trading (truly no brokerage) and Flat Rs 15 intranet and F&O trade brokerage. Open Instant Account online with Alice Blue and start trading today.

Alice Blue Charges Vs Groww

Minimum Brokerage Rs 0 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 executed order NA

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Alice Blue Vs Groww Transaction Charges

Alice Blue transaction charges for options is NSE Rs 5300 per Cr (0.053%) | BSE Rs 1 per trade (each side) while Groww exchange transaction charges for options is NA.

  Alice Blue Groww
Equity Delivery NSE Rs 325 per Cr (0.00325%) | BSE Rs 1 per trade (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 1 per trade (each side) NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Futures NSE Rs 210 per Cr (0.0021%) | BSE Rs 1 per trade (each side) NA
Equity Options NSE Rs 5300 per Cr (0.053%) | BSE Rs 1 per trade (each side) NA
Currency Futures NSE Rs 135 per Cr (0.00135%) NA
Currency Options NSE Rs 4400 per Cr (0.044%) (on premium) NA
Commodity Non-Agri Rs 360 per Cr (0.0036%) | Agri Rs 275 per Cr (0.00275%) NA
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Alice Blue Vs Groww Leverage (Margin)

Alice Blue 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.

  Alice Blue 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 Alice Blue and Groww Features

The trading platforms offered Alice Blue include Front End: ANT | Back End: Omnesys NEST. Groww offers Groww trading software.

  Alice Blue Groww
3 in 1 Account No No
Charting Yes Yes
Automated Trading Yes No
SMS Alerts No Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding No No
Margin Against Shares (Equity Cash) No No
Margin Against Shares (Equity F&O) No No
Trading Platform Front End: ANT | Back End: Omnesys NEST Groww
Intraday Square-off Time Equity: 3:15PM 3:10 PM
Other Features
Referral Program Yes
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Alice Blue Vs Groww Review

Alice Blue is rated 3.3 of 5 based on 33 customer reviews whereas Groww is rated 4.0 of 5 based on 46 customer reviews.

  Alice Blue Groww
  33 Customer Reviews    Rate Alice Blue 46 Customer Reviews    Rate Groww
Fees 3.8 4.2
Brokerage 3.7 4.0
Trading Platform 3.5 3.9
Customer Service 2.9 3.6
Research Capabilities 1.8 3.0
Overall Ratings Rated 3.3 stars Rated 4.0 stars
Broker Rating Alice Blue is rated 3.3 of 5 based on 33 customer reviews Groww is rated 4.0 of 5 based on 46 customer reviews

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Contact Broker / Request A Call Back

  Alice Blue Enquire Groww Enquire
Contact Broker Get brokerage FREE equity delivery trading (truly no brokerage) and Flat Rs 15 intranet and F&O trade brokerage. Open Instant Account online with Alice Blue and start trading today. Leave your contact information and we will get in touch with you....

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Alice Blue Vs Groww Investment Options

  Alice Blue Groww
Stock / Equity Yes Yes
Commodity Yes No
Currency Yes No
IPO No 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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Alice Blue Vs Groww Order Type Offered

  Alice Blue Groww
Bracket Order Yes No
Cover Order Yes 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) No No
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Alice Blue Vs Groww Research Report

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

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Alice Blue Vs Groww Suitable For Investor Type

  Alice Blue Groww
Casual Investor Yes
Active Investor Yes
Trader Yes

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Alice Blue Vs Groww - Pros and Cons

  Alice Blue Groww
Pros
  • Free equity delivery trades. No brokerage.
  • Flat Rs 15 brokerage for intraday and F&O.
  • Advance online trading platform.
  • 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
  • Online Mutual Fund investment is not available.
  • Margin funding is not available.
  • Good Till Cancelled (GTC) orders not available.
  • Call & Trade is available with additional cost of Rs 20 per order.
  • 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

Free Equity Delivery Trade

Trade brokerage-free equity delivery (truly no brokerage). Pay flat Rs 15 per trade for Intra-day and F&O. Open Instant Account online with Alice Blue and start trading today.

Open Alice Blue AccountEnquire Groww

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