Indira Securities Vs Groww (Compare Indira Securities and Groww)

Indira Securities Vs Groww

Incorporated in 1987, Indira Securities is a Full Service Broker. It offers trading at BSE, NSE, MCX and NCDEX. It has 335 branches across India. Incorporated in 2016, Groww is a Discount Broker. It offers trading at NSE and BSE. It has 0 branches across India.

	Indira Securities	Groww
Type of Broker	Full Service Broker	Discount Broker
Supported Exchnages	BSE, NSE, MCX and NCDEX	NSE and BSE
Account Type	Traditional Plan	Standard Plan
Year of Incorporation	1987	2016
Number of Branches	335	0
Broker Enquiry

Indira Securities Vs Groww Charges & AMC

Indira Securities trading account opening charges is Rs 0 (Free) while Groww account opening changes is Rs 0. Indira Securities Demat Account AMC Charges is Rs 450 (Free for 1st year) and Groww Demat Account AMC Charges is Rs 0.

	Indira Securities	Groww
Trading Account Opening Charges	Rs 0 (Free)	Rs 0
Trading Account AMC Charges	Rs 0 (Free)	Rs 0
Demat Account Opening Charges	Rs 0 (Free)	Rs 0
Demat Account AMC Charges	Rs 450 (Free for 1st year)	Rs 0

Indira Securities Vs Groww Brokerage

Indira Securities brokerage charges for equity is 0.10% and intraday is 0.01% 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.

	Indira Securities	Groww
Account Type	Traditional Plan	Standard Plan
Fixed Charges	NA	NA
Equity Delivery Brokerage	0.10%	Rs 20 per executed order or 0.05% whichever is lower
Equity Intraday Brokerage	0.01%	Rs 20 per executed order or 0.05% whichever is lower
Equity Futures Brokerage	0.01%	Rs 20 per executed order or 0.05% whichever is lower
Equity Options Brokerage	Rs 25 per lot (both side)	Rs 20 per executed order
Currency Futures Trading Brokerage	0.01%	NA
Currency Options Trading Brokerage	Rs 25 per lot (both side)	NA
Commodity Futures Trading Brokerage	0.01%	NA
Commodity Options Trading Brokerage	Rs 25 per lot (both side)	NA
Special Offer	Special Offer: FREE Account Opening (Rs 650 waived) + Brokerage free equity delivery trading (no commission) + Flat Rs 20 Intra-day and F&O trades.

Indira Securities Vs Groww Brokerage Plan 2

	Indira Securities	Groww
Account Type	Discount Brokerage Plan	Standard Plan
Fixed Charges	NA	NA
Equity Delivery Brokerage	Rs 20 per executed order	Rs 20 per executed order or 0.05% whichever is lower
Equity Intraday Brokerage	Rs 20 per executed order	Rs 20 per executed order or 0.05% whichever is lower
Equity Futures Brokerage	Rs 20 per executed order	Rs 20 per executed order or 0.05% whichever is lower
Equity Options Brokerage	Rs 20 per executed order	Rs 20 per executed order
Currency Futures Trading Brokerage	Rs 20 per executed order	NA
Currency Options Trading Brokerage	Rs 20 per executed order	NA
Commodity Futures Trading Brokerage	Rs 20 per executed order	NA
Commodity Options Trading Brokerage	Rs 20 per executed order	NA

Indira Securities Charges Vs Groww

Minimum Brokerage Charges	Rs 20 per executed order	Rs 20 or 0.05% per executed order
Other Brokerage Charges		Physical Contract Note: Rs 20 + Courier Charges; Auto square off charges : Rs 50
Call & Trade Charges	Rs 0 (Free)	NA

Indira Securities Vs Groww Transaction Charges

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

	Indira Securities	Groww
Equity Delivery	NSE Rs 325 per Cr (0.00325%)	NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Intraday	NSE Rs 325 per Cr (0.00325%)	NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Futures	NSE Rs 190 per Cr (0.0019%)	NA
Equity Options	NSE Rs 5000 per Cr (0.05%) (on premium)	NA
Currency Futures	NSE Rs 120 per Cr (0.0012%)	NA
Currency Options	NSE Rs 500 per Cr (0.005%) (on premium)	NA
Commodity	Non-Agri: Rs 260 per Cr (0.0026%) | Agri: Rs 600 per Cr (0.006%)	NA

Indira Securities Vs Groww Leverage (Margin)

Indira Securities provides the margin of Up to 10x (based on the stock) for intraday trades whereas the Groww margin for intraday cash is Up to 8x (based on the stock).

	Indira Securities	Groww
Equity Delivery	1x (no margin)	1x (no margin)
Equity Intraday	Up to 10x (based on the stock)	Up to 8x (based on the stock)
Equity Futures	Intraday: 3x, Carry forward: 100%(1x) of Total margin (Span+ Exposure)	NA
Equity Options	1x (no margin)	NA
Currency Futures	Intraday: 3x, Carry forward: 100%(1x) of Total margin (Span+ Exposure)	NA
Currency Options	1x (no margin)	NA
Commodity Futures	Intraday: 3x, Carry forward: 100%(1x) of Total margin (Span+ Exposure)	NA
Commodity Options	1x (no margin)	NA

Compare Indira Securities and Groww Features

The trading platforms offered Indira Securities include ODIN. Groww offers Groww trading software.

	Indira Securities	Groww
3 in 1 Account
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding Available
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
Trading Platform	ODIN	Groww
Intraday Square-off Time	3:15 PM	3:10 PM
Other Features
Referral Program

Indira Securities Vs Groww Review

Indira Securities is rated 4.5 of 5 based on 2 customer reviews whereas Groww is rated 3.9 of 5 based on 9 customer reviews.

	Indira Securities	Groww
	2 Customer Reviews	9 Customer Reviews
Fees
Trading Brokerage
Trading Platform Usability
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	Indira Securities is rated 4.5 of 5 based on 2 customer reviews	Groww is rated 3.9 of 5 based on 9 customer reviews

Indira Securities Vs Groww Investment Options

	Indira Securities	Groww
Stock / Equity
Commodity
Currency
Initial Public Offers (IPO)
Mutual Funds
Bond / NCD
Debt
Other Investment Options		Digital Gold, US Stocks, Fixed Deposits

Indira Securities Vs Groww Order Type Offered

	Indira Securities	Groww
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)

Indira Securities Vs Groww Research Report

	Indira Securities	Groww
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Indira Securities Vs Groww Suitable For Investor Type

	Indira Securities	Groww
Casual Investor
Active Investor
Trader

Indira Securities Vs Groww - Pros and Cons

	Indira Securities	Groww
Pros	Full-service broker offering discount brokerage plan. Relationship manager even for online customers. Offers ODIN as trading platform. Investment in mutual fund for free. Pan India presence with hundreds of branches, and business partners. No charges for Call & Trade and Auto Square-off.
Cons	Flat-rate brokerage plans (Rs 20 per trade) is not available in MP and Rajasthan. Advance order types i.e. CO, and BO are not available in the mobile app. Doesn't offer NRI trading account.
Reviews
Promo / Offers	Free Equity Delivery Trading Get FREE equity delivery trading and pay flat Rs 20 brokerage for Intraday and F&O trades. Also get FREE online account opening, research and personalised services through dedicated RM.