RMoney Vs Groww (Compare RMoney and Groww)


RMoney
Incorporated in 2004, Raghunandan Money (RMoney) is Agra based financial service provider. The company offers a range of financial products. This including Online Stock & Commodity Broking, Mutual Funds, IPO, Insurance (Life & General), Bonds and Corporate FDR's. Raghunandan Money is a member of NSE, BSE, MCX, NCDEX, and CDSL. The company is among the top 5 commodity brokers in India. It contributes over 8% of NCDEX daily turnover and over 4% of MCX turnover. It has a strong presence in... Know more about Raghunandan Capital 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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RMoney Vs Groww

Incorporated in , RMoney is a Discount Broker. It offers trading at BSE, NSE, MCX, NCDEX. 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.

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

RMoney trading account opening charges is Rs 199 while Groww account opening changes is Rs 0. RMoney Demat Account AMC Charges is Rs 0 for lifetime (Free) and Groww Demat Account AMC Charges is Rs 0.

  RMoney Groww
Trading Account Opening Charges Rs 199 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 0 for lifetime (Free) Rs 0
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RMoney Vs Groww Brokerage Charges & Plans

RMoney Vs Groww Brokerage

RMoney brokerage charges for equity is Rs 0 (Free) and intraday is Rs 18 per executed order or .01% whichever is lower 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.

  RMoney Groww
Account Type Zero Brokerage Plans 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 18 per executed order or .01% whichever is lower Rs 20 per executed order or 0.05% whichever is lower
Equity Futures Rs 18 per executed order or .01% whichever is lower NA
Equity Options Rs 18 per executed order or .01% whichever is lower NA
Currency Futures Rs 18 per executed order or .01% whichever is lower NA
Currency Options Rs 18 per executed order or .01% whichever is lower NA
Commodity Futures Rs 18 per executed order or .01% whichever is lower NA
Commodity Options NA
Special Offer
Special Offer: RMoney Rs 0 Account Opening Fee + Rs 0 Demat AMC (for Life) + Free Call & Trade Get the offer

RMoney Vs Groww Brokerage Plan 2

  RMoney Groww
Account Type Happy Service Plan Standard Plan
Fixed Charges NA NA
Equity Delivery 0.10% to 0.40% Rs 20 per executed order or 0.05% whichever is lower
Equity Intraday 0.01% to 0.04% Rs 20 per executed order or 0.05% whichever is lower
Equity Futures 0.005% to 0.02% NA
Equity Options Rs 20 to Rs 80 per lot NA
Currency Futures 0.005% to 0.02% NA
Currency Options 0.005% to 0.02% NA
Commodity Futures 0.005% to 0.02% NA
Commodity Options NA

RMoney Charges Vs Groww

Minimum Brokerage Rs 0 Rs 20 or 0.05% per executed order
Other Charges Physical contact notes: Rs 20, Trade SMS Alerts: Rs 100 per month per segment Physical Contract Note: Rs 20 + Courier Charges; Auto square off charges : Rs 50
Call & Trade Charges Rs 0 (Unlimited Calls) NA
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RMoney Vs Groww Transaction Charges

RMoney transaction charges for options is NSE Rs 7000 per crore (0.07%) | BSE Rs 4500 per crore (0.045%) while Groww exchange transaction charges for options is NA.

  RMoney Groww
Equity Delivery NSE Rs 325 per crore | BSE Rs 275 per crore (0.00275%) NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Intraday NSE Rs 325 per crore | BSE Rs 275 per crore (0.00275% NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Futures NSE Rs 250 per crore | BSE Rs 110 per crore (0.0011%) NA
Equity Options NSE Rs 7000 per crore (0.07%) | BSE Rs 4500 per crore (0.045%) NA
Currency Futures NSE, BSE - Rs 150 per crore (0.0015%) NA
Currency Options NSE, BSE - Rs 7500 (on premium) per crore (0.075%) NA
Commodity MCX Rs 325 (0.00325%) | NCDEX Rs 600 per Cr(0.006%) NA
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RMoney Vs Groww Leverage (Margin)

RMoney 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.

  RMoney 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 RMoney and Groww Features

The trading platforms offered RMoney include RMoney Smart Trade, RMoney Active Trade and RMoney QUICK (ODIN Based Trading Applications). Groww offers Groww trading software.

  RMoney 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 No
Margin Against Shares (Equity Cash) Yes No
Margin Against Shares (Equity F&O) Yes No
Trading Platform RMoney Smart Trade, RMoney Active Trade and RMoney QUICK (ODIN Based Trading Applications) Groww
Intraday Square-off Time Equity 3:15 PM 3:10 PM
Other Features
Referral Program
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RMoney Vs Groww Review

RMoney is rated 3.8 of 5 based on 4 customer reviews whereas Groww is rated 3.7 of 5 based on 25 customer reviews.

  RMoney Groww
  4 Customer Reviews    Rate RMoney 25 Customer Reviews    Rate Groww
Fees 4.8 4.2
Brokerage 4.5 3.9
Trading Platform 4.0 3.7
Customer Service 4.0 3.4
Research Capabilities 3.0 2.6
Overall Ratings Rated 3.8 stars Rated 3.7 stars
Broker Rating RMoney is rated 3.8 of 5 based on 4 customer reviews Groww is rated 3.7 of 5 based on 25 customer reviews
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Contact Broker / Request A Call Back

  RMoney Enquire Groww Enquire
Contact Broker RMoney Rs 0 Account Opening Fee + Rs 0 Demat AMC (for Life) + Free Call & Trade Get the offer
Leave your contact information and we will get in touch with you....
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RMoney Vs Groww Investment Options

  RMoney 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 Corporate FD, Life Instance, General Insurance Digital Gold, US Stocks, Fixed Deposits
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RMoney Vs Groww Order Type Offered

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

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

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

  RMoney Groww
Pros
  1. Offer both discount brokerage as well as full-service brokerage plans.
  2. Equity Delivery trades are brokerage free. Truly no brokerage fee for trading in Equity Cash & Carry segment
  3. ODIN trading platform is available free of cost to all customers.
  4. Unlimited free Call & Trades.
  5. Local branches in major cities across North India.
  6. Free tips, research and news alerts.
  7. Online paperless instant account opening.
  • 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. Unlimited monthly/yearly trading plans are not available. i.e. Rs 1999 for unlimited equity trading in a month.
  2. RMoney QUICK Mobile Trading app is under active development. The app has performance and stability issues. App also missing key features which are part of competitor's trading app.
  3. Margin funding is not available.
  4. GTC/GTD not available in Equity.
  5. NRI Account is not available.
  • 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 Useful Articles:

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

Lifetime FREE AMC Demat Account + Free Call & Trade

Get free lifetime free AMC demat account and pay flat Rs 18 brokerage. In addition, get free account opening and free call & trade. To open an account, simply leave your contact information and RMoney representatives will call you.

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