IIFL Securities Vs Groww (Compare IIFL Securities and Groww)


IIFL Securities
Incorporated in 1995, IIFL Securities is one of the largest full-service stockbrokers in India. IIFL Securities is part of IIFL Group, a leading financial service provider offering a wide range of services. IIFL is a well-recognized brand for the quality of its advice, personalized service, and the use of cutting-edge technology. IIFL Securities offers online trading and research-based advisory services for an entire range of financial products as Stocks, Derivatives, Commodities, Insurance, FD... Know more about IIFL Securities 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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IIFL Securities Vs Groww

Incorporated in 1996, IIFL Securities is a Full Service Broker. It offers trading at NSE, BSE, MCX. It has 900 branches across India. Incorporated in 2016, Groww is a Discount Broker. It offers trading at NSE and BSE. It has 0 branches across India.

  IIFL Securities Groww
Type of Broker Full Service Broker Discount Broker
Exchnage Membership NSE, BSE, MCX NSE and BSE
Year of Incorporation 1996 2016
Number of Branches 900 0
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IIFL Securities Vs Groww Charges & AMC

IIFL Securities trading account opening charges is Rs 0 (Free) while Groww account opening changes is Rs 0. IIFL Securities Demat Account AMC Charges is Rs 250 (Free for 1st year) and Groww Demat Account AMC Charges is Rs 0.

  IIFL Securities Groww
Trading Account Opening Charges Rs 0 (Free) Rs 0
Trading Account AMC Charges Rs 0 Rs 0
Demat Account Opening Charges Rs 0 Rs 0
Demat Account AMC Charges Rs 250 (Free for 1st year) Rs 0
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IIFL Securities Vs Groww Brokerage Charges & Plans

IIFL Securities Vs Groww Brokerage

IIFL Securities brokerage charges for equity is Rs 0 (Free) 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.

  IIFL Securities Groww
Account Type iServe Standard Plan
Fixed Charges NA NA
Equity Delivery Rs 0 (Free) 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 20 per order 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: Invest brokerage-free Equity Delivery (truly no brokerage) + Pay flat Rs 20 per trade for Intra-day and F&O + FREE Account Opening Fee. Open FREE Instant Account online with IIFL and start trading today.

IIFL Securities Charges Vs Groww

Minimum Brokerage Rs 20 or 0.05% per executed order
Other Charges Advisory SMS - Rs 50 per month Physical Contract Note: Rs 20 + Courier Charges; Auto square off charges : Rs 50
Call & Trade Charges Rs 50 per call NA
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IIFL Securities Vs Groww Transaction Charges

IIFL Securities transaction charges for options is Rs 5100 per Cr (0.051%) (on premium) while Groww exchange transaction charges for options is NA.

  IIFL Securities 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 5100 per Cr (0.051%) (on premium) NA
Currency Futures Rs 210 per Cr (0.0021%) NA
Currency Options Rs 5100 per Cr (0.051%) (on premium) NA
Commodity Group A - Rs 280 per Cr (0.0028%) NA
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IIFL Securities Vs Groww Leverage (Margin)

IIFL Securities margin for intraday trading is up to 6 times of the trade value based on the volatility of the stock whereas the Groww margin for intraday cash is up to 6x of the trade value based on the stock.

As per the new policy, the margin offered by the broker will be decided by the exchange from Sept 01, 2021. Brokers cannot offer 'additional margin' like 40x in any segment. All brokers will offer the same margin exposure or leverage.

  IIFL Securities Groww
Equity Delivery 1x (no margin) 1x (no margin)
Equity Intraday Up to 6x (based on the stock) Up to 6x (based on the stock)
Equity F&O Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Currency Futures Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Commodity Futures Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
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Compare IIFL Securities and Groww Features

The trading platforms offered IIFL Securities include IIFL Markets App, TT Web, TT Exe, TT Iris, IIFL Mutual Funds App. Groww offers Groww trading software.

  IIFL Securities 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) Yes No
Margin Against Shares (Equity F&O) No No
Trading Platform IIFL Markets App, TT Web, TT Exe, TT Iris, IIFL Mutual Funds App Groww
Intraday Square-off Time 3:10 PM
Other Features
Referral Program
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IIFL Securities Vs Groww Review

IIFL Securities is rated 2.7 of 5 based on 118 customer reviews whereas Groww is rated 3.8 of 5 based on 33 customer reviews.

  IIFL Securities Groww
  118 Customer Reviews    Rate IIFL Securities 33 Customer Reviews    Rate Groww
Fees 2.8 4.2
Brokerage 2.6 3.9
Trading Platform 3.2 3.7
Customer Service 2.7 3.4
Research Capabilities 3.3 2.8
Overall Ratings Rated 2.7 stars Rated 3.8 stars
Broker Rating IIFL Securities is rated 2.7 of 5 based on 118 customer reviews Groww is rated 3.8 of 5 based on 33 customer reviews
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Contact Broker / Request A Call Back

  IIFL Securities Enquire Groww Enquire
Contact Broker Invest brokerage-free Equity Delivery (truly no brokerage) + Pay flat Rs 20 per trade for Intra-day and F&O + FREE Account Opening Fee. Open FREE Instant Account online with IIFL and start trading today. Leave your contact information and we will get in touch with you....
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IIFL Securities Vs Groww Investment Options

  IIFL 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 Digital Gold, US Stocks, Fixed Deposits
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IIFL Securities Vs Groww Order Type Offered

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

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

  IIFL Securities Groww
Casual Investor Yes
Active Investor Yes
Trader Yes
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IIFL Securities Vs Groww - Pros and Cons

  IIFL Securities Groww
Pros
  1. Full-service broker offering quality research and recommendations.
  2. Brokerage-free equity delivery trading. No brokerage when you buy/sell shares for the long term (take delivery in demat).
  3. Flat Rs 20 per trade brokerage for Intraday & F&O.
  4. IIFL offers Equity SIP and Mutual Fund SIP.
  5. Margin funding is available.
  6. IIFL Securities is a publicly-traded company listed at BSE and NSE.
  • 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.
  • 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

Free Equity Delivery Trading + Free Account Opening

  • Brokerage-free Equity Delivery and flat Rs 20 per trade for Intraday and F&O +
  • Trade with the best rated mobile trading app.

This is a limited-time offer. Open FREE Instant IIFL Account online and start trading today.

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IIFL Securities Groww
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