Indiabulls Vs Groww (Compare Indiabulls and Groww)


Indiabulls
Indiabulls Shubh is a discount stock broker offering ultra-low brokerage plans. Indiabulls is among the best stock broker in India with offering including unlimited trading plans, free trading platforms, free call & trade, free research and zero interest margin funding. Indiabulls Shubh is an offering of Indiabulls Ventures Ltd, one of the oldest stock brokers in India serving customers since the year 2000. Indiabulls Ventures serves over 7 lakh customers with a dedicated sales team of more... Know more about Indiabulls Ventures Limited


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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Indiabulls Vs Groww

Incorporated in 2000, Indiabulls is a Full Service Broker. It offers trading at BSE, NSE and MCX. It has 18 branches across India. Incorporated in 2016, Groww is a Discount Broker. It offers trading at NSE and BSE. It has 0 branches across India.

  Indiabulls Groww
Type of Broker Full Service Broker Discount Broker
Exchnage Membership BSE, NSE and MCX NSE and BSE
Account Type Equity Unlimited Trade Standard Plan
Year of Incorporation 2000 2016
Number of Branches 18 0
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Indiabulls Vs Groww Charges & AMC

Indiabulls trading account opening charges is Rs 500 while Groww account opening changes is Rs 0. Indiabulls Demat Account AMC Charges is Rs 450 and Groww Demat Account AMC Charges is Rs 0.

  Indiabulls Groww
Trading Account Opening Charges Rs 500 Rs 0
Trading Account AMC Charges Rs 0 Rs 0
Demat Account Opening Charges Rs 0 Rs 0
Demat Account AMC Charges Rs 450 Rs 0
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Indiabulls Vs Groww Brokerage Charges & Plans

Indiabulls Vs Groww Brokerage

Indiabulls brokerage charges for equity is Rs 0 (Free) and intraday is Rs 0 (Free) 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.

  Indiabulls Groww
Account Type Equity Unlimited Trade Standard Plan
Fixed Charges Rs 1000 NA
Equity Delivery Rs 0 (Free) Rs 20 per executed order or 0.05% whichever is lower
Equity Intraday Rs 0 (Free) Rs 20 per executed order or 0.05% whichever is lower
Equity Futures Rs 15 per trade NA
Equity Options Rs 15 per trade NA
Currency Futures Rs 15 per trade NA
Currency Options Rs 15 per trade NA
Commodity Futures 0.03% NA
Commodity Options 0.03% NA
Special Offer
Special Offer: FREE Unlimited Trading for 1st Month (Rs 1000 waived) Get the offer

Indiabulls Vs Groww Brokerage Plan 2

  Indiabulls Groww
Account Type F&O Unlimited Trade Standard Plan
Fixed Charges Rs 1000 NA
Equity Delivery Rs 15 per trade Rs 20 per executed order or 0.05% whichever is lower
Equity Intraday Rs 15 per trade Rs 20 per executed order or 0.05% whichever is lower
Equity Futures Rs 0 (Free) NA
Equity Options Rs 0 (Free) NA
Currency Futures Rs 0 (Free) NA
Currency Options Rs 0 (Free) NA
Commodity Futures 0.03% NA
Commodity Options 0.03% NA

Indiabulls Vs Groww Brokerage Plan 3

  Indiabulls Groww
Account Type Base Plan 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 15 per executed order Rs 20 per executed order or 0.05% whichever is lower
Equity Futures Rs 15 per executed order NA
Equity Options Rs 15 per executed order NA
Currency Futures Rs 15 per executed order NA
Currency Options Rs 15 per executed order NA
Commodity Futures 0.03% NA
Commodity Options 0.03% NA

Indiabulls Charges Vs Groww

Minimum Brokerage Rs 0 (Unlimited Plan), Rs 15 (Per Trade Plan) 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 (Free) NA
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Indiabulls Vs Groww Transaction Charges

Indiabulls transaction charges for options is Rs 5500 per crore (on premium) (0.055%) while Groww exchange transaction charges for options is NA.

  Indiabulls Groww
Equity Delivery Rs 325 per crore (0.00325%) NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Intraday Rs 325 per crore (0.00325%) NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Futures Rs 250 per crore (0.0025%) NA
Equity Options Rs 5500 per crore (on premium) (0.055%) NA
Currency Futures Rs 250 per crore (0.0025%) NA
Currency Options Rs 5500 per crore (on premium) (0.055%) NA
Commodity NA
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Indiabulls Vs Groww Leverage (Margin)

Indiabulls provides the margin of Up to 5x (based on the stock) for intraday trades whereas the Groww margin for intraday cash is Up to 8x (based on the stock).

  Indiabulls Groww
Equity Delivery 1x (no margin) 1x (no margin)
Equity Intraday Up to 5x (based on the stock) Up to 8x (based on the stock)
Equity Futures Intra-day: 4x | Carry forward: 1x (no margin) NA
Equity Options Intra-day: 4x | Carry forward: 1x NA
Currency Futures Intra-day: 2x | Carry forward: 1x NA
Currency Options Intra-day: 2x | Carry forward: 1x NA
Commodity Futures NA NA
Commodity Options NA NA
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Compare Indiabulls and Groww Features

The trading platforms offered Indiabulls include SHUBH Mobile, SHUBH Web, Power Indiabulls (PIB). Groww offers Groww trading software.

  Indiabulls 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) Yes No
Trading Platform SHUBH Mobile, SHUBH Web, Power Indiabulls (PIB) Groww
Intraday Square-off Time 3:10 PM
Other Features Live News, World market summary
Referral Program
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Indiabulls Vs Groww Review

Indiabulls is rated 3.2 of 5 based on 50 customer reviews whereas Groww is rated 3.7 of 5 based on 19 customer reviews.

  Indiabulls Groww
  50 Customer Reviews    Rate Indiabulls 19 Customer Reviews    Rate Groww
Fees 3.4 4.4
Brokerage 3.1 3.9
Trading Platform 3.7 3.7
Customer Service 3.0 3.4
Research Capabilities 2.4 2.2
Overall Ratings Rated 3.2 stars Rated 3.7 stars
Broker Rating Indiabulls is rated 3.2 of 5 based on 50 customer reviews Groww is rated 3.7 of 5 based on 19 customer reviews
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Contact Broker / Request A Call Back

  Indiabulls Enquire Groww Enquire
Contact Broker

FREE Unlimited Trading for 1st Month (Rs 1000 waived) Get the offer

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Indiabulls Vs Groww Investment Options

  Indiabulls Groww
Stock / Equity Yes Yes
Commodity Yes No
Currency Yes No
IPO Yes Yes
Mutual Funds No Yes
Bond / NCD Yes No
Debt Yes Yes
Other Investment Options Digital Gold, US Stocks, Fixed Deposits
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Indiabulls Vs Groww Order Type Offered

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

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

  Indiabulls Groww
Casual Investor Yes
Active Investor Yes
Trader Yes
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Indiabulls Vs Groww - Pros and Cons

  Indiabulls Groww
Pros
  • Brokerages free equity delivery trading. Truly no brokerage charges for cash & carry trades.
  • Interest-free Margin Funding in Unlimited Trading plan.
  • Margin funding is available at a low cost of 12% per annum in Rs 15/trade plan.
  • Free trading software.
  • Free research reports and trading tips to all the customers.
  • Years of experience, trust and good track record in stock broker business.
  • 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
  • Online IPO and Mutual Fund investment are not available in Indiabulls Shubh App.
  • Local branch support is not available to online customers.
  • Advance order types i.e. Bracket Order, Cover Order are not available in monthly unlimited trading plans.
  • Margin against share is not available in Unlimited Trading Plans.
  • 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

Limited Time Offer - FREE Unlimited Trading for 1st Month (Rs 1000 waived)

Open Indiabulls Online Trading Account and get Free Unlimited Trading for 1st month. Trade Unlimited at Rs 1000/month or Trade at flat Rs 15 per executed order.

Get this limited time offer

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