FREE Account Opening + No Clearing Fees
Loading...

Geojit Vs Groww (Compare Geojit and Groww)

Geojit BNP Paribas Logo

About 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

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

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
Year of Incorporation 1987 2016
Number of Branches 509 0

Expand

Geojit Vs Groww Charges & AMC

Geojit trading account opening charges is Rs 0 (Free) while Groww account opening changes is Rs 0 (Free). Geojit Demat Account AMC Charges is Rs 400 per year and Groww Demat Account AMC Charges is Rs 0.

  Geojit Groww
Trading Account Opening Charges Rs 0 (Free) Rs 0 (Free)
Trading Account AMC Charges Rs 0 (Free) Rs 0
Demat Account Opening Charges Rs 0 (Free) Rs 0
Demat Account AMC Charges Rs 400 per year Rs 0

Expand

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.

Account Type Geojit Online Traditional Plan Groww 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 0.01% Rs 20 per executed order
Equity Options Rs 50 per lot Rs 20 per executed order
Currency Futures 0.01% NA
Currency Options Rs 50 per lot NA
Commodity Futures NA NA
Commodity Options NA NA
Special Offer

Zerodha (Flat Rs 20 Per Trade)

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.

Zerodha (Flat Rs 20 Per Trade)

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.

Geojit Vs Groww Brokerage Plan 2

  Geojit Groww
Account Type GTrade Max Standard Plan
Fixed Charges NA
Equity Delivery 0.30% Rs 20 per executed order or 0.05% whichever is lower
Equity Intraday Rs 20 per trade or 0.03% which is lower Rs 20 per executed order or 0.05% whichever is lower
Equity Futures Rs 40 per lot Rs 20 per executed order
Equity Options Rs 20 per lot Rs 20 per executed order
Currency Futures Rs 40 per lot NA
Currency Options Rs 20 per lot NA
Commodity Futures NA NA
Commodity Options NA NA

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 Intraday Auto Square off at Rs 20 per lot 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 NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium) while Groww exchange transaction charges for options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 3750 per Cr (0.0375%) (on premium).

  Geojit Groww
Equity Delivery NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (each side) NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (each side)
Equity Intraday NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (sell side) NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (sell side)
Equity Futures NSE Rs 190 per Cr (0.0019%) | BSE Rs 0 NSE Rs 190 per Cr (0.0019%) | BSE Rs 0
Equity Options NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium) NSE Rs 5000 per Cr (0.05%) | BSE Rs 3750 per Cr (0.0375%) (on premium)
Currency Futures NSE Rs 90 per Cr (0.0009%) | BSE Rs 90 per Cr (0.0009%)
Currency Options NSE Rs 4000 per Cr (0.04%) | BSE Rs 100 per Cr (0.001%) (on premium) (on premium)
Commodity NA NA

Expand

Geojit Vs Groww Leverage (Margin)

Geojit 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.

  Geojit 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)

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
Trading In SME Shares Allowed? No
Referral Program
Other Features

Expand

Geojit Vs Groww Review

Geojit is rated 3.6 of 5 based on 111 customer reviews whereas Groww is rated 3.9 of 5 based on 95 customer reviews.

  Geojit Groww
  111 Customer Reviews    Rate Geojit 95 Customer Reviews    Rate Groww
Fees 3.5 4.3
Brokerage 3.2 3.8
Trading Platform 3.9 3.9
Customer Service 3.7 3.5
Research Capabilities 2.7 3.2
Overall Ratings Rated 3.6 stars Rated 3.9 stars
Broker Rating Geojit is rated 3.6 of 5 based on 111 customer reviews Groww is rated 3.9 of 5 based on 95 customer reviews

Expand

Contact Broker / Request A Call Back

  Geojit Enquire Groww Enquire
Contact Broker 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. 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.

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
  • Free research and ecommendations.
  • Free account opening.
  • Rs 20 per trade Intraday trading brokerage in GTrade Max plan.
  • 4 times exposure through MTF
  • Access to 472 branches for customer support.
  • Offices in UAE, Oman, Bahrain and Kuwait to help NRI investors.
  • Excellent online trading platforms.
  • 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
  • High brokerage charges across all segment in comparision to other full-service brokers like Angel Broking, IIFL and Edelseiss.
  • High minimum brokerage charges of Rs 20 per lot or 1 paisa per share whichever is higher.
  • 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

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.

Open Instant Demat Account Read Reviews

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.

Open Instant Demat Account Read Reviews

Comments

Add a public comment...

Compare More Brokers: