RMoney Vs Groww (Compare RMoney and Groww)

The side-by-side comparison of RMoney and Groww. Compare RMoney Vs Groww brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best RMoney vs 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
Supported Exchnages BSE, NSE, MCX, NCDEX NSE and BSE
Account Type Zero Brokerage Plans Standard Plan
Year of Incorporation 2016
Number of Branches 0
Broker Enquiry Open an Online Trading Account with RMoney. Leave your contact info and we will get in touch with you.
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RMoney Vs Groww Charges & AMC

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

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

RMoney Vs Groww Brokerage

RMoney brokerage charges for equity is ₹0 (Free) and intraday is ₹18 per executed order or .01% whichever is lower whereas Groww brokerage charges for equity is ₹20 per executed order or 0.05% whichever is lower and intraday is ₹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 Brokerage ₹0 (Free) ₹20 per executed order or 0.05% whichever is lower
Equity Intraday Brokerage ₹18 per executed order or .01% whichever is lower ₹20 per executed order or 0.05% whichever is lower
Equity Futures Brokerage ₹18 per executed order or .01% whichever is lower ₹20 per executed order or 0.05% whichever is lower
Equity Options Brokerage ₹18 per executed order or .01% whichever is lower ₹20 per executed order
Currency Futures Trading Brokerage ₹18 per executed order or .01% whichever is lower NA
Currency Options Trading Brokerage ₹18 per executed order or .01% whichever is lower NA
Commodity Futures Trading Brokerage ₹18 per executed order or .01% whichever is lower NA
Commodity Options Trading Brokerage NA
Special Offer
Special Offer: RMoney ₹0 Account Opening Fee + ₹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 Brokerage 0.10% to 0.40% ₹20 per executed order or 0.05% whichever is lower
Equity Intraday Brokerage 0.01% to 0.04% ₹20 per executed order or 0.05% whichever is lower
Equity Futures Brokerage 0.005% to 0.02% ₹20 per executed order or 0.05% whichever is lower
Equity Options Brokerage ₹20 to ₹80 per lot ₹20 per executed order
Currency Futures Trading Brokerage 0.005% to 0.02% NA
Currency Options Trading Brokerage 0.005% to 0.02% NA
Commodity Futures Trading Brokerage 0.005% to 0.02% NA
Commodity Options Trading Brokerage NA

RMoney Charges Vs Groww

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

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

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

RMoney provides the margin of 20x (5%) (Intraday Only) for intraday trades whereas the Groww margin for intraday cash is Up to 8x (based on the stock).

  RMoney Groww
Equity Delivery Zero Brokerage Plan: 1x | Happy Service Plan: 3x (balance on T+5) 1x (no margin)
Equity Intraday 20x (5%) (Intraday Only) Up to 8x (based on the stock)
Equity Futures Stock Intraday 40x (2.5%), Index Intraday: 67x (1.5%) NA
Equity Options Stock Sell Intraday 40x (2.5%), Index Sell Intraday 67x (1.5%), Buy: No margin NA
Currency Futures Intraday - 100X (1%) NA
Currency Options Intraday - 100X (1%) NA
Commodity Futures Intraday - 77X (1.3%) NA
Commodity Options NA
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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 Available 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 3.9 of 5 based on 9 customer reviews.

  RMoney Groww
  4 Customer Reviews    Rate RMoney 9 Customer Reviews    Rate Groww
Fees 4.8 4.3
Trading Brokerage 4.5 4.3
Trading Platform Usability 4.0 3.7
Customer Service 4.0 3.6
Research Capabilities 3.0 2.2
Overall Ratings Rated 3.8 stars Rated 3.9 stars
Broker Rating RMoney is rated 3.8 of 5 based on 4 customer reviews Groww is rated 3.9 of 5 based on 9 customer reviews
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Contact Broker / Request A Call Back

  RMoney Enquire Groww Enquire
Contact Broker

RMoney ₹0 Account Opening Fee + ₹0 Demat AMC (for Life) + Free Call & Trade Get the offer

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RMoney Vs Groww Investment Options

  RMoney Groww
Stock / Equity Yes Yes
Commodity Yes No
Currency Yes No
Initial Public Offers (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.
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.
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Promo / Offers

Lifetime FREE AMC Demat Account + Free Call & Trade

Get free lifetime free AMC demat account and pay flat ₹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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