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Bajaj Finserv Vs Groww (Compare Bajaj Finserv and Groww)

Bajaj Financial Securities Ltd Logo

About Bajaj Finserv
Bajaj Financial Securities Limited (BFSL) is a subsidiary of Bajaj Finance Limited, one of the largest NBFCs in India. BFSL, a SEBI registered company offers stockbroking services and is a member of BSE and NSE. BFSL is the depository participant with NSDL and CDSL. BFSL offers online discount brokerage services in Equity and Derivative Trading, Mutual Funds, Margin Trading Financing, IPO Financing, Spread Financing and Loan Against Securities. BFSL has two trading platforms - BFSLTrade App (m... Know more about Bajaj Financial Securities 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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Bajaj Finserv Vs Groww

Incorporated in 2010, Bajaj Finserv is a Discount Broker. It offers trading at BSE, NSE. It has 6 branches across India. Incorporated in 2016, Groww is a Discount Broker. It offers trading at NSE and BSE. It has 0 branches across India.

  Bajaj Finserv Groww
Type of Broker Discount Broker Discount Broker
Exchnage Membership BSE, NSE NSE and BSE
Year of Incorporation 2010 2016
Number of Branches 6 0
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Bajaj Finserv Vs Groww Charges & AMC

Bajaj Finserv trading account opening charges is Rs 0 (Free) while Groww account opening changes is Rs 0. Bajaj Finserv Demat Account AMC Charges is Rs 199 (Free for 1st year) and Groww Demat Account AMC Charges is Rs 0.

  Bajaj Finserv Groww
Trading Account Opening Charges Rs 0 (Free) Rs 0
Trading Account AMC Charges Rs 899 per year Rs 0
Demat Account Opening Charges Rs 0 (Free) Rs 0
Demat Account AMC Charges Rs 199 (Free for 1st year) Rs 0

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Bajaj Finserv Vs Groww Brokerage

Bajaj Finserv brokerage charges for equity is 0.10% and intraday is Rs 17 per order 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 Bajaj Finserv Freedom Plan Groww Standard Plan
Fixed Charges Rs 0 NA
Equity Delivery 0.10% Rs 20 per executed order or 0.05% whichever is lower
Equity Intraday Rs 17 per order Rs 20 per executed order or 0.05% whichever is lower
Equity Futures Rs 17 per order Rs 20 per executed order
Equity Options Rs 17 per order Rs 20 per executed order
Currency Futures NA
Currency Options NA
Commodity Futures NA
Commodity Options NA
Special Offer
Special Offer: Rs 0 Account Opening Charges + Flat Rs 10 Per Trade Brokerage (with Rs 2500 yearly subscription charges) - Open Demat Account Now!.

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.

Bajaj Finserv Vs Groww Brokerage Plan 2

  Bajaj Finserv Groww
Account Type Professional Pack Standard Plan
Fixed Charges Rs 2500 per year NA
Equity Delivery Rs 10 per order Rs 20 per executed order or 0.05% whichever is lower
Equity Intraday Rs 10 per order Rs 20 per executed order or 0.05% whichever is lower
Equity Futures Rs 10 per order Rs 20 per executed order
Equity Options Rs 10 per order Rs 20 per executed order
Currency Futures NA
Currency Options NA
Commodity Futures NA
Commodity Options NA
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Bajaj Finserv Vs Groww Brokerage Plan 3

  Bajaj Finserv Groww
Account Type Bajaj Privilege Club Standard Plan
Fixed Charges Rs 9999 per year NA
Equity Delivery Rs 5 per order Rs 20 per executed order or 0.05% whichever is lower
Equity Intraday Rs 5 per order Rs 20 per executed order or 0.05% whichever is lower
Equity Futures Rs 5 per order Rs 20 per executed order
Equity Options Rs 5 per order Rs 20 per executed order
Currency Futures NA
Currency Options NA
Commodity Futures NA
Commodity Options NA
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Bajaj Finserv Charges Vs Groww

Minimum Brokerage Rs 5 for Equity Delivery & Intraday 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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Bajaj Finserv Vs Groww Transaction Charges

Bajaj Finserv transaction charges for options is NSE Rs 5325 per Cr (0.05325%) (on premium) while Groww exchange transaction charges for options is NSE: 0.053% on premium.

  Bajaj Finserv Groww
Equity Delivery NSE Rs 345 per Cr (0.00345%) (each side) NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Intraday NSE Rs 345 per Cr (0.00345%) (each side) NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Futures NSE Rs 225 per Cr (0.00225%) NSE: 002%
Equity Options NSE Rs 5325 per Cr (0.05325%) (on premium) NSE: 0.053% on premium
Currency Futures NA
Currency Options NA
Commodity NA
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Bajaj Finserv Vs Groww Leverage (Margin)

Bajaj Finserv 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.

  Bajaj Finserv 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 Bajaj Finserv and Groww Features

The trading platforms offered Bajaj Finserv include BFSLTRADE (Mobile Trading App), Bajajfinservsecurities.in (Website). Groww offers Groww trading software.

  Bajaj Finserv Groww
3 in 1 Account No No
Charting Yes Yes
Automated Trading No No
SMS Alerts No 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) Yes No
Trading Platform BFSLTRADE (Mobile Trading App), Bajajfinservsecurities.in (Website) Groww
Intraday Square-off Time 3:15 PM 3:10 PM
Trading In SME Shares Allowed? No No
Referral Program
Other Features
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Bajaj Finserv Vs Groww Review

Bajaj Finserv is rated 3.2 of 5 based on 13 customer reviews whereas Groww is rated 4.1 of 5 based on 62 customer reviews.

  Bajaj Finserv Groww
  13 Customer Reviews    Rate Bajaj Finserv 62 Customer Reviews    Rate Groww
Fees 2.7 4.3
Brokerage 3.4 4.0
Trading Platform 3.0 4.0
Customer Service 2.8 3.7
Research Capabilities 3.2
Overall Ratings Rated 3.2 stars Rated 4.1 stars
Broker Rating Bajaj Finserv is rated 3.2 of 5 based on 13 customer reviews Groww is rated 4.1 of 5 based on 62 customer reviews

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Contact Broker / Request A Call Back

  Bajaj Finserv Enquire Groww Enquire
Contact Broker Rs 0 Account Opening Charges + Flat Rs 10 Per Trade Brokerage (with Rs 2500 yearly subscription charges) - Open Demat Account Now!. 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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Bajaj Finserv Vs Groww Investment Options

  Bajaj Finserv Groww
Stock / Equity Yes Yes
Commodity No No
Currency No 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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Bajaj Finserv Vs Groww Order Type Offered

  Bajaj Finserv Groww
Bracket Order Yes 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) No No
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Bajaj Finserv Vs Groww Research Report

  Bajaj Finserv Groww
Daily Market Report No No
Free Tips No No
Quarterly Result Analysis No No
News Alerts No No

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Bajaj Finserv Vs Groww Suitable For Investor Type

  Bajaj Finserv Groww
Casual Investor Yes
Active Investor
Trader Yes

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Bajaj Finserv Vs Groww - Pros and Cons

  Bajaj Finserv Groww
Pros
  • 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
  • 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

Bajaj Finserv Special Offer

Rs 0 Account Opening (for a limited time only)

  • Get FREE Account Opening.
  • Flat Rs 10 Per Trade Brokerage (with Rs 2500 AMC)
  • Flat Rs 5 Per Trade Brokerage (with Rs 9999 AMC)

This is a limited-time offer. Simply leave your contact information with us and Bajaj Finserv representatives will contact you.

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.

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