Indira Securities Vs Groww (Compare Indira Securities and Groww)


Indira Securities
Established in 1987, Indira Securities is an Indore, MP based full-service stock broking and investment Services Company. The company is a member of the NSE, BSE, MCX and NCDEX exchanges. It is a depository participant (DP) with CDSL. The company offers trading and investment in equities, commodities, currency, derivatives, IPOs, insurance and mutual funds etc. It also offers research and advisory to its customers. Indira Securities offers both traditional and discount brokerage plans. In the ... Know more about Indira 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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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
Exchnage Membership BSE, NSE, MCX and NCDEX NSE and BSE
Year of Incorporation 1987 2016
Number of Branches 335 0
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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
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Indira Securities Vs Groww Brokerage Charges & Plans

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 0.10% Rs 20 per executed order or 0.05% whichever is lower
Equity Intraday 0.01% Rs 20 per executed order or 0.05% whichever is lower
Equity Futures 0.01% NA
Equity Options Rs 25 per lot (both side) NA
Currency Futures 0.01% NA
Currency Options Rs 25 per lot (both side) NA
Commodity Futures 0.01% NA
Commodity Options 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 Rs 20 per executed order Rs 20 per executed order or 0.05% whichever is lower
Equity Intraday Rs 20 per executed order Rs 20 per executed order or 0.05% whichever is lower
Equity Futures Rs 20 per executed order NA
Equity Options Rs 20 per executed order NA
Currency Futures Rs 20 per executed order NA
Currency Options Rs 20 per executed order NA
Commodity Futures Rs 20 per executed order NA
Commodity Options Rs 20 per executed order NA

Indira Securities Charges Vs Groww

Minimum Brokerage Rs 20 per executed order 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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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
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Indira Securities Vs Groww Leverage (Margin)

Indira 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.

  Indira 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 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 No No
Charting Yes Yes
Automated Trading Yes No
SMS Alerts No Yes
Online Demo Yes Yes
Online Portfolio No Yes
Margin Trading Funding Yes No
Margin Against Shares (Equity Cash) Yes No
Margin Against Shares (Equity F&O) Yes No
Trading Platform ODIN Groww
Intraday Square-off Time 3:15 PM 3:10 PM
Other Features
Referral Program Yes
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Indira Securities Vs Groww Review

Indira Securities is rated 4.0 of 5 based on 3 customer reviews whereas Groww is rated 3.7 of 5 based on 31 customer reviews.

  Indira Securities Groww
  3 Customer Reviews    Rate Indira Securities 31 Customer Reviews    Rate Groww
Fees 2.3 4.2
Brokerage 4.3 3.9
Trading Platform 4.0 3.7
Customer Service 4.0 3.3
Research Capabilities 4.3 2.7
Overall Ratings Rated 4.0 stars Rated 3.7 stars
Broker Rating Indira Securities is rated 4.0 of 5 based on 3 customer reviews Groww is rated 3.7 of 5 based on 31 customer reviews
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Contact Broker / Request A Call Back

  Indira Securities Enquire Groww Enquire
Contact Broker FREE Account Opening (Rs 650 waived) + Brokerage free equity delivery trading (no commission) + Flat Rs 20 Intra-day and F&O trades.
Leave your contact information and we will get in touch with you....
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Indira Securities Vs Groww Investment Options

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

  Indira 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) No No
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Indira Securities Vs Groww Research Report

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

  Indira Securities Groww
Casual Investor Yes
Active Investor Yes
Trader Yes
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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.
  • 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
  1. Flat-rate brokerage plans (Rs 20 per trade) is not available in MP and Rajasthan.
  2. Advance order types i.e. CO, and BO are not available in the mobile app.
  3. Doesn't offer NRI trading account.
  • 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

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.

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