ICICI Direct Vs Groww (Compare ICICI Direct and Groww)


ICICI Direct
ICICI Direct is one of the largest retail stock brokers in India. It is part of the ICICI Group. It offers online trading and investment services to over 50 lakhs customers. The services offered include equity, commodity, and currency trading at BSE, NSE, and MCX. The company also offers Mutual Fund & IPO, Fixed deposits, Bond, NCD, wealth products, Home Loans, Loans against Securities, etc. ICICI Direct's most popular service is its 3-in-1 account, which includes ICICI Bank Account, ICICI ... Know more about ICICI Securities Pvt Ltd.


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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ICICI Direct Vs Groww

Incorporated in 2000, ICICI Direct is a Full Service Broker. It offers trading at BSE, NSE. It has 154 branches across India. Incorporated in 2016, Groww is a Discount Broker. It offers trading at NSE and BSE. It has 0 branches across India.

  ICICI Direct Groww
Type of Broker Full Service Broker Discount Broker
Exchnage Membership BSE, NSE NSE and BSE
Account Type ICICI Neo Plan Standard Plan
Year of Incorporation 2000 2016
Number of Branches 154 0
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ICICI Direct Vs Groww Charges & AMC

ICICI Direct trading account opening charges is Rs 0 while Groww account opening changes is Rs 0. ICICI Direct Demat Account AMC Charges is Rs 300 (from 2nd year) and Groww Demat Account AMC Charges is Rs 0.

  ICICI Direct Groww
Trading Account Opening Charges Rs 0 Rs 0
Trading Account AMC Charges Rs 0 Rs 0
Demat Account Opening Charges Rs 0 Rs 0
Demat Account AMC Charges Rs 300 (from 2nd year) Rs 0
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ICICI Direct Vs Groww Brokerage Charges & Plans

ICICI Direct Vs Groww Brokerage

ICICI Direct brokerage charges for equity is 0.55% and intraday is Rs 20 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.

  ICICI Direct Groww
Account Type ICICI Neo Plan Standard Plan
Fixed Charges NA NA
Equity Delivery 0.55% Rs 20 per executed order or 0.05% whichever is lower
Equity Intraday Rs 20 per order Rs 20 per executed order or 0.05% whichever is lower
Equity Futures Rs 0 (Free) NA
Equity Options Rs 20 per order NA
Currency Futures Rs 20 per order NA
Currency Options Rs 20 per order NA
Commodity Futures Rs 20 per order NA
Commodity Options Rs 20 per order NA
Special Offer
Special Offer: ICICIDirect Neo Plan - Flat Rs 20 per trade brokerage (Intraday and F&O) + Free Account Opening + Get funds in 30 minutes from sell orders + Free trading tips. Open Instant Account Now

ICICI Direct Vs Groww Brokerage Plan 2

  ICICI Direct Groww
Account Type 3-in-1 Account (I-Secure Plan) Standard Plan
Fixed Charges NA
Equity Delivery 0.55% Rs 20 per executed order or 0.05% whichever is lower
Equity Intraday 0.275% Rs 20 per executed order or 0.05% whichever is lower
Equity Futures 0.05% to 0.03% NA
Equity Options Rs 95 to Rs 35 per lot NA
Currency Futures 0.050% to 0.030% NA
Currency Options Rs 25 to Rs 10 per lot NA
Commodity Futures NA NA
Commodity Options NA NA

ICICI Direct Vs Groww Brokerage Plan 3

  ICICI Direct Groww
Account Type I-Saver Plan Standard Plan
Fixed Charges NA
Equity Delivery 0.75% to 0.25% Rs 20 per executed order or 0.05% whichever is lower
Equity Intraday 0.75% to 0.25% Rs 20 per executed order or 0.05% whichever is lower
Equity Futures 0.05% to 0.03% NA
Equity Options Rs 95 to Rs 65 per lot NA
Currency Futures 0.05% to 0.03% NA
Currency Options 0.25 to Rs 65 per lot NA
Commodity Futures NA NA
Commodity Options NA NA

ICICI Direct Charges Vs Groww

Minimum Brokerage Rs 35 per trade Rs 20 or 0.05% per executed order
Other Charges Margin Trading Interest: 0.025% Per day Physical Contract Note: Rs 20 + Courier Charges; Auto square off charges : Rs 50
Call & Trade Charges Rs 25 per call after first 20 free calls per month NA
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ICICI Direct Vs Groww Transaction Charges

ICICI Direct transaction charges for options is Rs 5000 per Cr (0.05%) (on premium) while Groww exchange transaction charges for options is NA.

  ICICI Direct Groww
Equity Delivery NSE Rs 310 per Cr (0.0031%) | BSE Rs 280 per Cr (0.0028%) (each side) NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Intraday NSE Rs 310 per Cr (0.0031%) | BSE Rs 280 per Cr (0.0028%) (each side) NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Futures Rs 180 per Cr (0.0018%) NA
Equity Options Rs 5000 per Cr (0.05%) (on premium) NA
Currency Futures Rs 120 per Cr (0.0012%) NA
Currency Options Rs 5000 per Cr (0.05%) (on premium) NA
Commodity NA NA
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ICICI Direct Vs Groww Leverage (Margin)

ICICI Direct provides the margin of Upto 25x for intraday trades whereas the Groww margin for intraday cash is Up to 8x (based on the stock).

  ICICI Direct Groww
Equity Delivery 5x with Interest 1x (no margin)
Equity Intraday Upto 25x Up to 8x (based on the stock)
Equity Futures 4x NA
Equity Options 2x for shorting NA
Currency Futures NA NA
Currency Options NA NA
Commodity Futures NA NA
Commodity Options NA
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Compare ICICI Direct and Groww Features

The trading platforms offered ICICI Direct include ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App. Groww offers Groww trading software.

  ICICI Direct Groww
3 in 1 Account Yes 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 ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App Groww
Intraday Square-off Time 3:30 PM 3:10 PM
Other Features Bullet Trading, Can trade in 32 exchanges through Saxo Trader
Referral Program
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ICICI Direct Vs Groww Review

ICICI Direct is rated 2.4 of 5 based on 441 customer reviews whereas Groww is rated 3.7 of 5 based on 19 customer reviews.

  ICICI Direct Groww
  441 Customer Reviews    Rate ICICI Direct 19 Customer Reviews    Rate Groww
Fees 2.2 4.4
Brokerage 1.7 3.9
Trading Platform 3.4 3.7
Customer Service 2.7 3.4
Research Capabilities 2.9 2.2
Overall Ratings Rated 2.4 stars Rated 3.7 stars
Broker Rating ICICI Direct is rated 2.4 of 5 based on 441 customer reviews Groww is rated 3.7 of 5 based on 19 customer reviews
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Contact Broker / Request A Call Back

  ICICI Direct Enquire Groww Enquire
Contact Broker

ICICIDirect Neo Plan - Flat Rs 20 per trade brokerage (Intraday and F&O) + Free Account Opening + Get funds in 30 minutes from sell orders + Free trading tips. Open Instant Account Now

Leave your contact information and we will get in touch with you....

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ICICI Direct Vs Groww Investment Options

  ICICI Direct 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 Equity, Derivatives, Currency, Mutual Funds, ETF, Insurance, FD/Bonds, Loans, Tax, ELocker, NPS Digital Gold, US Stocks, Fixed Deposits
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ICICI Direct Vs Groww Order Type Offered

  ICICI Direct Groww
Bracket Order No 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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ICICI Direct Vs Groww Research Report

  ICICI Direct Groww
Daily Market Report Yes No
Free Tips Yes No
Quarterly Result Analysis Yes No
News Alerts Yes No
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ICICI Direct Vs Groww Suitable For Investor Type

  ICICI Direct Groww
Casual Investor Yes Yes
Active Investor
Trader
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ICICI Direct Vs Groww - Pros and Cons

  ICICI Direct Groww
Pros
  • Offers 3-in-1 account which makes stock market investment very easy for casual investors.
  • Wide range of investment options available under one portal.
  • Provides a low bandwidth website which works well where internet connection is slow.
  • GTC (good till cancellation) and off-market hours order placement facility is very useful.
  • 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
  • ICICI Security charges highest brokerage in comparison to most of the retail brokers in India.
  • Very high 'minimum brokerage' of Rs 35 per trade or 2.5% of the trade value whichever is lower.
  • Poor performance of website is reported in peak hours of trading.
  • Trading Terminal (Trade Racer) cost Rs 75 per month if brokerage paid in a month is less then Rs 750.
  • Demat Account is mandatory.
  • Commodity trading is not available for retail investors.
  • Call & trade cost extra Rs 25 per call after first 20 free calls in a month.
  • 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

ICICIDirect Neo Plan (Discount Brokerage)

Open a 3-in-1 account with Neo Plan for:

  • Free Account Opening
  • Brokerage-Free Equity Futures trading
  • Flat Rs 20 per trade brokerage (Intraday and F&O) in BSE, NSE and MCX
  • Free trading tips
  • Get funds in your bank account in just 30 minutes of selling stocks

Interested in opening a trading account? Open Instant Account Now

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