Religare Vs Groww (Compare Religare and Groww)


Religare
Update On Dec 20, 2017, Edelweiss Group's wealth management unit has acquired the securities business of Religare Enterprises Ltd. The acquisition includes Religare's securities and commodities broking services along with depository participant services. Incorporated in 1986, Religare Securities Ltd (RSL) is a subsidiary of Religare Enterprises Limited, New Delhi based diversified financial group. Religare Securities offers retail broking, depository services and other related investme... Know more about Religare


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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Religare Vs Groww

Incorporated in 1994, Religare is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 1500 branches across India. Incorporated in 2016, Groww is a Discount Broker. It offers trading at NSE and BSE. It has 0 branches across India.

  Religare Groww
Type of Broker Full Service Broker Discount Broker
Exchnage Membership BSE, NSE, MCX NSE and BSE
Account Type My Saver Online Plan Standard Plan
Year of Incorporation 1994 2016
Number of Branches 1500 0
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Religare Vs Groww Charges & AMC

Religare trading account opening charges is Rs 500 while Groww account opening changes is Rs 0. Religare Demat Account AMC Charges is Rs 400 from second year onward and Groww Demat Account AMC Charges is Rs 0.

  Religare Groww
Trading Account Opening Charges Rs 500 Rs 0
Trading Account AMC Charges Nil Rs 0
Demat Account Opening Charges Nil Rs 0
Demat Account AMC Charges Rs 400 from second year onward Rs 0
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Religare Vs Groww Brokerage Charges & Plans

Religare Vs Groww Brokerage

Religare brokerage charges for equity is 0.50% to 0.10% and intraday is 0.050% to 0.010% 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.

  Religare Groww
Account Type My Saver Online Plan Standard Plan
Fixed Charges NA
Equity Delivery 0.50% to 0.10% Rs 20 per executed order or 0.05% whichever is lower
Equity Intraday 0.050% to 0.010% Rs 20 per executed order or 0.05% whichever is lower
Equity Futures 0.05% NA
Equity Options Rs 70 per lot NA
Currency Futures 0.05% NA
Currency Options Rs 30 per lot NA
Commodity Futures 0.05% NA
Commodity Options Rs 30 per lot NA
Special Offer
Special Offer: Get Free Trading + Demat Account for limited time. Get the offer

Religare Charges Vs Groww

Minimum Brokerage 1p per share 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 10 per executed order (max Rs 50 per day) NA
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Religare Vs Groww Transaction Charges

Religare transaction charges for options is 0.06% on Premium while Groww exchange transaction charges for options is NA.

  Religare Groww
Equity Delivery 0.0037% NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Intraday 0.0037% NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Futures 0.004% NA
Equity Options 0.06% on Premium NA
Currency Futures 0.004% NA
Currency Options 0.06% on Premium NA
Commodity 0.0035% NA
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Religare Vs Groww Leverage (Margin)

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

  Religare Groww
Equity Delivery Upto 4x with 24% interest per year 1x (no margin)
Equity Intraday Upto 10x Up to 8x (based on the stock)
Equity Futures Upto 3x NA
Equity Options Upto 3x for shorting NA
Currency Futures Upto 2x NA
Currency Options 2x for shorting NA
Commodity Futures Upto 3x NA
Commodity Options NA
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Compare Religare and Groww Features

The trading platforms offered Religare include Odin Diet, Web, Dynami. Groww offers Groww trading software.

  Religare 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 No
Margin Against Shares (Equity Cash) No
Margin Against Shares (Equity F&O) No
Trading Platform Odin Diet, Web, Dynami Groww
Intraday Square-off Time 3:10 PM
Other Features Mutual Fund, EMI Calculator
Referral Program
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Religare Vs Groww Review

Religare is rated 2.9 of 5 based on 77 customer reviews whereas Groww is rated 3.7 of 5 based on 19 customer reviews.

  Religare Groww
  77 Customer Reviews    Rate Religare 19 Customer Reviews    Rate Groww
Fees 3.2 4.4
Brokerage 3.1 3.9
Trading Platform 3.0 3.7
Customer Service 2.9 3.4
Research Capabilities 3.2 2.2
Overall Ratings Rated 2.9 stars Rated 3.7 stars
Broker Rating Religare is rated 2.9 of 5 based on 77 customer reviews Groww is rated 3.7 of 5 based on 19 customer reviews
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Contact Broker / Request A Call Back

  Religare Enquire Groww Enquire
Contact Broker

Get Free Trading + Demat Account for limited time. Get the offer

Leave your contact information and we will get in touch with you....

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Religare Vs Groww Investment Options

  Religare 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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Religare Vs Groww Order Type Offered

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

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

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

  Religare Groww
Pros
  • 3 to 4 times exposure is given in cash as well as F&O segment.
  • 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
  • EXE Based trading terminal are available for Rs 999 per annum.
  • Call and Trade is charged at Rs 10 per executed order (maximum Rs 50 per day in a segment).
  • 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 Trading + Demat Account

Religare offer FREE Trading + Demat Account. In addition you get Rs 0 AMC on Demat Account for 1st year.

This is a limited time offer. Simply leave your contact information with us and Religare representatives will contact you.

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Religare Groww
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