Geojit Vs Groww (Compare Geojit and Groww)


Geojit
Incorporated in 1987, Geojit BNP Paribas (Geojit) is one of the major stock brokers based in India. Geojit is based in Kochi, Kerala and has the strong presence in Gulf. Geojit BNP Paribas is cash equity and derivatives broker with extensive experience in Portfolio Management Services and the distribution of financial products: mutual funds and life insurance. Geojit provides stock trading at NSE and BSE stock exchanges through a strong network of around 500 branches and its state of art onl... Know more about Geojit BNP Paribas


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

Expand

Geojit Vs Groww

Incorporated in 1987, Geojit is a Full Service Broker. It offers trading at BSE, NSE, MCX-SX. It has 509 branches across India. Incorporated in 2016, Groww is a Discount Broker. It offers trading at NSE and BSE. It has 0 branches across India.

  Geojit Groww
Type of Broker Full Service Broker Discount Broker
Exchnage Membership BSE, NSE, MCX-SX NSE and BSE
Account Type Online Trading Standard Plan
Year of Incorporation 1987 2016
Number of Branches 509 0
Expand

Geojit Vs Groww Charges & AMC

Geojit trading account opening charges is Rs 425 while Groww account opening changes is Rs 0. Geojit Demat Account AMC Charges is Rs 0 and Groww Demat Account AMC Charges is Rs 0.

  Geojit Groww
Trading Account Opening Charges Rs 425 Rs 0
Trading Account AMC Charges NIL Rs 0
Demat Account Opening Charges NIL Rs 0
Demat Account AMC Charges Rs 0 Rs 0
Expand

Geojit Vs Groww Brokerage Charges & Plans

Geojit Vs Groww Brokerage

Geojit 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.

  Geojit Groww
Account Type Online Trading 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 125 per contract NA
Currency Futures 0.03% NA
Currency Options Rs 125 per contract NA
Commodity Futures NA NA
Commodity Options NA NA
Special Offer

Geojit Charges Vs Groww

Minimum Brokerage 1p per share or Rs 20/contract whichever is higher 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 NA
Expand

Geojit Vs Groww Transaction Charges

Geojit transaction charges for options is Rs 5500 per Cr (0.05%) while Groww exchange transaction charges for options is NA.

  Geojit 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 210 per Cr (0.0021%) NA
Equity Options Rs 5500 per Cr (0.05%) NA
Currency Futures Rs 145 per Cr (0.00145%) NA
Currency Options Rs 4730 per Cr (0.0473%) on premium NA
Commodity NA NA
Expand

Geojit Vs Groww Leverage (Margin)

Geojit provides the margin of Upto 10x for intraday trades whereas the Groww margin for intraday cash is Up to 8x (based on the stock).

  Geojit Groww
Equity Delivery Upto 7x with 22% interest per year 1x (no margin)
Equity Intraday Upto 10x Up to 8x (based on the stock)
Equity Futures No additional leverage NA
Equity Options No additional leverage NA
Currency Futures No additional leverage NA
Currency Options No additional leverage NA
Commodity Futures NA NA
Commodity Options NA
Expand

Compare Geojit and Groww Features

The trading platforms offered Geojit include Selfie Platinum, Selfie Gold, Mobile App. Groww offers Groww trading software.

  Geojit Groww
3 in 1 Account No No
Charting Yes Yes
Automated Trading No No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Yes No
Margin Against Shares (Equity Cash) No
Margin Against Shares (Equity F&O) No
Trading Platform Selfie Platinum, Selfie Gold, Mobile App Groww
Intraday Square-off Time 3:10 PM
Other Features
Referral Program
Expand

Geojit Vs Groww Review

Geojit is rated 3.7 of 5 based on 102 customer reviews whereas Groww is rated 3.7 of 5 based on 19 customer reviews.

  Geojit Groww
  102 Customer Reviews    Rate Geojit 19 Customer Reviews    Rate Groww
Fees 3.6 4.4
Brokerage 3.3 3.9
Trading Platform 4.0 3.7
Customer Service 3.8 3.4
Research Capabilities 3.2 2.2
Overall Ratings Rated 3.7 stars Rated 3.7 stars
Broker Rating Geojit is rated 3.7 of 5 based on 102 customer reviews Groww is rated 3.7 of 5 based on 19 customer reviews
Expand

Contact Broker / Request A Call Back

  Geojit 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....

Expand

Geojit Vs Groww Investment Options

  Geojit Groww
Stock / Equity Yes Yes
Commodity No No
Currency Yes No
IPO Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes No
Debt Yes Yes
Other Investment Options Insurance Digital Gold, US Stocks, Fixed Deposits
Expand

Geojit Vs Groww Order Type Offered

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

Geojit Vs Groww Research Report

  Geojit Groww
Daily Market Report Yes No
Free Tips Yes No
Quarterly Result Analysis Yes No
News Alerts Yes No
Expand

Geojit Vs Groww Suitable For Investor Type

  Geojit Groww
Casual Investor Yes
Active Investor Yes
Trader
Expand

Geojit Vs Groww - Pros and Cons

  Geojit 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 1. Very high Options trading brokerage charges. Geojit charges Rs 125 per contract for Intraday Options and Rs 150 per contract for Options carry forward positions. 2. Geojit charges minimum brokerage of Rs 20 per Contract or 1 paisa per share whichever is higher. 3. Paper contract note by post cost additional Rs 20 per Contract or 5 paisa per share whichever is higher.
  • 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

Compare More Brokers...

Geojit Groww
Compare More Brokers:







Search Chittorgarh.com:

Download Our Mobile App

Android App iOS App