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HDFC Securities Vs Groww (Compare HDFC Securities and Groww)

HDFC Securities Ltd Logo

HDFC Securities
Incorporated in 2000, HDFC Securities is one of the leading full-service stock brokers in India. HDFC Securities is a subsidiary of HDFC Bank. The company allows its customers to trade and invest in shares, bonds, futures, options, buybacks, mutual funds, IPOs, currency derivatives, commodities, stock portfolios, etc. HDFC Securities is a SEBI registered broker and a member of BSE, NSE, MCX, CDSL and NSDL. HDFC Securities provides trading services through multiple trading platforms to make cust... Know more about HDFC 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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HDFC Securities Vs Groww

Incorporated in 2002, HDFC Securities is a Full Service Broker. It offers trading at BSE, NSE. It has 270 branches across India. Incorporated in 2016, Groww is a Discount Broker. It offers trading at NSE and BSE. It has 0 branches across India.

  HDFC Securities Groww
Type of Broker Full Service Broker Discount Broker
Exchnage Membership BSE, NSE NSE and BSE
Year of Incorporation 2002 2016
Number of Branches 270 0

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HDFC Securities Vs Groww Charges & AMC

HDFC Securities trading account opening charges is Rs 999 while Groww account opening changes is Rs 0. HDFC Securities Demat Account AMC Charges is Rs 750 and Groww Demat Account AMC Charges is Rs 0.

  HDFC Securities Groww
Trading Account Opening Charges Rs 999 Rs 0
Trading Account AMC Charges Rs 0 Rs 0
Demat Account Opening Charges Rs 0 Rs 0
Demat Account AMC Charges Rs 750 Rs 0

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HDFC Securities Vs Groww Brokerage

HDFC Securities brokerage charges for equity is 0.50% and intraday is 0.05% 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 HDFC Securities Lite Zero Plan Groww Standard Plan
Fixed Charges NA NA
Equity Delivery 0.50% Rs 20 per executed order or 0.05% whichever is lower
Equity Intraday 0.05% Rs 20 per executed order or 0.05% whichever is lower
Equity Futures Rs 20 per trade Rs 20 per executed order
Equity Options Rs 20 per trade Rs 20 per executed order
Currency Futures NA
Currency Options NA
Commodity Futures NA
Commodity Options NA
Special Offer

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.

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.

HDFC Securities Vs Groww Brokerage Plan 2

  HDFC Securities Groww
Account Type Lite 199 Yearly Subscription Plan Standard Plan
Fixed Charges Rs 199 per year NA
Equity Delivery 0.32% Rs 20 per executed order or 0.05% whichever is lower
Equity Intraday 0.032% Rs 20 per executed order or 0.05% whichever is lower
Equity Futures Rs 20 per trade Rs 20 per executed order
Equity Options Rs 20 per trade Rs 20 per executed order
Currency Futures NA
Currency Options NA
Commodity Futures NA
Commodity Options NA

HDFC Securities Vs Groww Brokerage Plan 3

  HDFC Securities Groww
Account Type Alpha+ 5999 Yearly Subscription Plan Standard Plan
Fixed Charges Rs 5,999 per year NA
Equity Delivery 0.10% Rs 20 per executed order or 0.05% whichever is lower
Equity Intraday 0.010% Rs 20 per executed order or 0.05% whichever is lower
Equity Futures Rs 20 per trade Rs 20 per executed order
Equity Options Rs 20 per trade Rs 20 per executed order
Currency Futures NA
Currency Options NA
Commodity Futures NA
Commodity Options NA

HDFC Securities Charges Vs Groww

Minimum Brokerage Rs. 25 per order on equity segment 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 0 NA

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HDFC Securities Vs Groww Transaction Charges

HDFC Securities transaction charges for options is 0.050% (on premium) while Groww exchange transaction charges for options is NSE: 0.053% on premium.

  HDFC Securities Groww
Equity Delivery 0.00325% NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Intraday 0.00325% NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Futures .00190% NSE: 002%
Equity Options 0.050% (on premium) NSE: 0.053% on premium
Currency Futures 0.00110% NA
Currency Options 0.040% (on premium) NA
Commodity NA NA

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HDFC Securities Vs Groww Leverage (Margin)

HDFC Securities 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.

  HDFC Securities 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 HDFC Securities and Groww Features

The trading platforms offered HDFC Securities include ProTerminal, Blink, smallcase, Voice Enabled Investing, Mobile Trading App, Digify. Groww offers Groww trading software.

  HDFC Securities Groww
3 in 1 Account Yes No
Charting Yes Yes
Automated Trading No No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding No No
Margin Against Shares (Equity Cash) Yes No
Margin Against Shares (Equity F&O) No No
Trading Platform ProTerminal, Blink, smallcase, Voice Enabled Investing, Mobile Trading App, Digify Groww
Intraday Square-off Time 3:30 PM 3:10 PM
Trading In SME Shares Allowed? No
Referral Program
Other Features E-Margin, ENCASH,

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HDFC Securities Vs Groww Review

HDFC Securities is rated 2.1 of 5 based on 221 customer reviews whereas Groww is rated 4.0 of 5 based on 64 customer reviews.

  HDFC Securities Groww
  221 Customer Reviews    Rate HDFC Securities 64 Customer Reviews    Rate Groww
Fees 2.1 4.3
Brokerage 1.8 4.0
Trading Platform 2.9 4.0
Customer Service 2.5 3.7
Research Capabilities 2.7 3.2
Overall Ratings Rated 2.1 stars Rated 4.0 stars
Broker Rating HDFC Securities is rated 2.1 of 5 based on 221 customer reviews Groww is rated 4.0 of 5 based on 64 customer reviews

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Contact Broker / Request A Call Back

  HDFC Securities 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.

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HDFC Securities Vs Groww Investment Options

  HDFC Securities Groww
Stock / Equity Yes Yes
Commodity Yes No
Currency Yes No
IPO Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes No
Debt Yes Yes
Other Investment Options Insurance, FD, NCD, Bond, NPS, Loan, NRI Trading Digital Gold, US Stocks, Fixed Deposits

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HDFC Securities Vs Groww Order Type Offered

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

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HDFC Securities Vs Groww Research Report

  HDFC Securities Groww
Daily Market Report Yes No
Free Tips Yes No
Quarterly Result Analysis Yes No
News Alerts Yes No

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HDFC Securities Vs Groww Suitable For Investor Type

  HDFC Securities Groww
Casual Investor Yes Yes
Active Investor
Trader

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HDFC Securities Vs Groww - Pros and Cons

  HDFC Securities Groww
Pros
  • The 3-in-1 account, which includes HDFC Bank Account, HDFC Securities Trading Account and HDFC Securities Demat Account, is the best offering for retail investors in India as it provides easiest way to invest in stock market and other financial instruments.
  • 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
  • In addition to opening a trading account with HDFC Securities Ltd, you will also be required to open a savings bank account (quarterly minimum balance of Rs 5000) and a DP (depository participant) account with HDFC Bank.
  • Very high brokerage charges
  • Charge minimum brokerage of Rs 25
  • 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

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