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Master Trust Vs Groww (Compare Master Trust and Groww)


Master Capital Services Ltd Logo

Master Trust
Master Trust is a discount brokerage company part of the Master Capital Services Ltd. Incorporated in 1985; Master Capital Services Ltd (part of Master Trust Group) is a leading financial services company in India. Master Trust Group entered in to discount brokerage business in Aug 2014. Master Trust offers both flat fees per trade and standard trading plan. They have PAN India presence with a client base of 2,50,000 which covers 300+ locations across 22 states of India Master Trust has f... Know more about Master Capital Services Ltd


Nextbillion Technology pvt ltd Logo

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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Master Trust Vs Groww

Incorporated in , Master Trust is a Discount Broker. It offers trading at BSE, NSE, MCX. It has branches across India. Incorporated in 2016, Groww is a Discount Broker. It offers trading at NSE and BSE. It has 0 branches across India.

  Master Trust Groww
Type of Broker Discount Broker Discount Broker
Exchnage Membership BSE, NSE, MCX NSE and BSE
Year of Incorporation 2016
Number of Branches 0
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Master Trust Vs Groww Charges & AMC

Master Trust trading account opening charges is Rs 100 while Groww account opening changes is Rs 0. Master Trust Demat Account AMC Charges is Rs 300 and Groww Demat Account AMC Charges is Rs 0.

  Master Trust Groww
Trading Account Opening Charges Rs 100 Rs 0
Trading Account AMC Charges Nil Rs 0
Demat Account Opening Charges Nil Rs 0
Demat Account AMC Charges Rs 300 Rs 0
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Master Trust Vs Groww Brokerage Charges & Plans

Master Trust Vs Groww Brokerage

Master Trust brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per executed 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.

  Master Trust Groww
Account Type 20:20 Plan Standard Plan
Fixed Charges NA
Equity Delivery Rs 0 (Free) 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
Special Offer

Master Trust Vs Groww Brokerage Plan 2

  Master Trust Groww
Account Type Standard Plan Standard Plan
Fixed Charges NA
Equity Delivery 0.30% Rs 20 per executed order or 0.05% whichever is lower
Equity Intraday 0.03% Rs 20 per executed order or 0.05% whichever is lower
Equity Futures 0.03% NA
Equity Options Rs 75 per lot NA
Currency Futures 0.03% NA
Currency Options Rs 10 per lot NA
Commodity Futures 0.30% NA
Commodity Options Rs 75 per lot NA

Master Trust Vs Groww Brokerage Plan 3

  Master Trust Groww
Account Type My Plan Standard Plan
Fixed Charges Annual brokerage of Rs 1000 NA
Equity Delivery 25% off on existing brokerage plan Rs 20 per executed order or 0.05% whichever is lower
Equity Intraday 25% off on existing brokerage plan Rs 20 per executed order or 0.05% whichever is lower
Equity Futures 25% off on existing brokerage plan NA
Equity Options 25% off on existing brokerage plan NA
Currency Futures 25% off on existing brokerage plan NA
Currency Options 25% off on existing brokerage plan NA
Commodity Futures 25% off on existing brokerage plan NA
Commodity Options 25% off on existing brokerage plan NA

Master Trust Charges Vs Groww

Minimum Brokerage Rs 0 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 20 per executed order NA
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Master Trust Vs Groww Transaction Charges

Master Trust transaction charges for options is NSE Rs 6000 | BSE Rs 3500 while Groww exchange transaction charges for options is NA.

  Master Trust Groww
Equity Delivery NSE Rs 325 | BSE Rs 325 NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Intraday NSE Rs 325 | BSE Rs 325 NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Futures NSE Rs 300 | BSE Rs 150 NA
Equity Options NSE Rs 6000 | BSE Rs 3500 NA
Currency Futures NSE Rs 120 | BSE Rs 100 NA
Currency Options NSE Rs 4200 | BSE Rs 1000 NA
Commodity MCX Rs 250 NA
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Master Trust Vs Groww Leverage (Margin)

Master Trust margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Groww margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

  Master Trust Groww
Equity Delivery 100% of trade value (1x leverage) 100% of trade value (1x leverage)
Equity Intraday Up to 20% of trade value (5x leverage) Up to 20% of trade value (5x leverage)
F&O (Eq, Curr, Comm) 100% of NRML margin (Span + Exposure) (1x leverage) 100% of NRML margin (Span + Exposure) (1x leverage)
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Compare Master Trust and Groww Features

The trading platforms offered Master Trust include OMNESYS NEST. Groww offers Groww trading software.

  Master Trust Groww
3 in 1 Account No No
Charting Yes Yes
Automated Trading No No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio No Yes
Margin Trading Funding Yes No
Margin Against Shares (Equity Cash) No
Margin Against Shares (Equity F&O) No
Trading Platform OMNESYS NEST Groww
Intraday Square-off Time 3:10 PM
Other Features
Referral Program
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Master Trust Vs Groww Review

Master Trust is rated 3.9 of 5 based on 12 customer reviews whereas Groww is rated 3.8 of 5 based on 36 customer reviews.

  Master Trust Groww
  12 Customer Reviews    Rate Master Trust 36 Customer Reviews    Rate Groww
Fees 3.8 4.2
Brokerage 4.4 3.9
Trading Platform 4.0 3.8
Customer Service 3.9 3.4
Research Capabilities 4.0 2.8
Overall Ratings Rated 3.9 stars Rated 3.8 stars
Broker Rating Master Trust is rated 3.9 of 5 based on 12 customer reviews Groww is rated 3.8 of 5 based on 36 customer reviews
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Contact Broker / Request A Call Back

  Master Trust Enquire Groww Enquire
Contact Broker Leave your contact information and we will get in touch with you....
Leave your contact information and we will get in touch with you....
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Master Trust Vs Groww Investment Options

  Master Trust 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 Mutual Funds Digital Gold, US Stocks, Fixed Deposits
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Master Trust Vs Groww Order Type Offered

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

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

  Master Trust Groww
Casual Investor Yes
Active Investor
Trader Yes
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Master Trust Vs Groww - Pros and Cons

  Master Trust Groww
Pros
  1. Monthly unlimited trading plans available for trading at NSE, BSE and MCX.
  2. Funds transfer facility with 45 major banks available.
  3. MyValueTrade gives Intraday up to 33 times exposure
  4. No minimum brokerage.
  5. No need to login in different platforms for different segment.
  6. No more need to transfer deposits in one exchange to another for trading.
  7. Trade across all segments using Flexi-Balance feature wherein the balance across different segments viz. Equity, commodity, derivatives and currency can be used as one single balance.
  • 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.

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