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SAS Online
Incorporated in 1995, SAS Online is an online discount brokerage firm offering brokerage services for stocks, future and options, currency and commodities at NSE, BSE and MCX exchanges.
SAS Online started offering its discount brokerage services since 2013. As of Aug 2019, they have 30000+ clients spread across 750+ cities of India. They are doing a daily average turnover of Rs 10,000+ Cr, contributing to over 1% of the total Indian market turnover with an average of 1 lac + orders a day.
... 
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...
Incorporated in 2013, SAS Online is a Discount Broker. It offers trading at NSE, BSE and MCX. It has 1 branches across India. Incorporated in 2016, Groww is a Discount Broker. It offers trading at NSE and BSE. It has 0 branches across India.
| SAS Online | Groww | |
|---|---|---|
| Type of Broker | Discount Broker | Discount Broker |
| Exchnage Membership | NSE, BSE and MCX | NSE and BSE |
| Year of Incorporation | 2013 | 2016 |
| Number of Branches | 1 | 0 |
SAS Online trading account opening charges is Rs 200 while Groww account opening changes is Rs 0. SAS Online Demat Account AMC Charges is Rs 200 and Groww Demat Account AMC Charges is Rs 0.
| SAS Online | Groww | |
|---|---|---|
| Trading Account Opening Charges | Rs 200 | Rs 0 |
| Trading Account AMC Charges | Rs 0 | Rs 0 |
| Demat Account Opening Charges | Rs 200 | Rs 0 |
| Demat Account AMC Charges | Rs 200 | Rs 0 |
SAS Online brokerage charges for equity is Rs 0 and intraday is Rs 0 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.
| SAS Online | Groww | |
|---|---|---|
| Account Type | Rs 999 Equity Plan - Unlimited Trading | Standard Plan |
| Fixed Charges | Rs 999 | NA |
| Equity Delivery | Rs 0 | Rs 20 per executed order or 0.05% whichever is lower |
| Equity Intraday | Rs 0 | Rs 20 per executed order or 0.05% whichever is lower |
| Equity Futures | Rs 0 | NA |
| Equity Options | Rs 0 | NA |
| Currency Futures | NA | NA |
| Currency Options | NA | NA |
| Commodity Futures | NA | NA |
| Commodity Options | NA | NA |
| Special Offer | Special Offer: Pay Rs 999 per month for unlimited trading or flat Rs 9 per Trade. Open Instant Demat Account and start trading today. |
| SAS Online | Groww | |
|---|---|---|
| Account Type | Rs 999 MCX Plan - Unlimited Trading | Standard Plan |
| Fixed Charges | Rs 999 | NA |
| Equity Delivery | NA | Rs 20 per executed order or 0.05% whichever is lower |
| Equity Intraday | NA | Rs 20 per executed order or 0.05% whichever is lower |
| Equity Futures | NA | NA |
| Equity Options | NA | NA |
| Currency Futures | NA | NA |
| Currency Options | NA | NA |
| Commodity Futures | Rs 0 | NA |
| Commodity Options | Rs 0 | NA |
| SAS Online | Groww | |
|---|---|---|
| Account Type | Flat Fee Plan | Standard Plan |
| Fixed Charges | Rs 999 | NA |
| Equity Delivery | Rs 9 per executed order | Rs 20 per executed order or 0.05% whichever is lower |
| Equity Intraday | Rs 9 per executed order | Rs 20 per executed order or 0.05% whichever is lower |
| Equity Futures | Rs 9 per executed order | NA |
| Equity Options | Rs 9 per executed order | NA |
| Currency Futures | Rs 9 per executed order | NA |
| Currency Options | Rs 9 per executed order | NA |
| Commodity Futures | NA | NA |
| Commodity Options | NA | NA |
| Minimum Brokerage | Rs 0 | Rs 20 or 0.05% per executed order |
| Other Charges | 0.01% or Rs 9 per executed order, whichever is lower | Physical Contract Note: Rs 20 + Courier Charges; Auto square off charges : Rs 50 |
| Call & Trade Charges | Rs 20 per trader | NA |
SAS Online transaction charges for options is 0.055% (Rs 5500/crore) on premium while Groww exchange transaction charges for options is NA.
| SAS Online | Groww | |
|---|---|---|
| Equity Delivery | 0.00325% (Rs 325/crore) | NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side) |
| Equity Intraday | 0.00325% (Rs 325/crore) | NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side) |
| Equity Futures | 0.0022% (Rs 220/crore) | NA |
| Equity Options | 0.055% (Rs 5500/crore) on premium | NA |
| Currency Futures | 0.0012% (Rs 120/crore) | NA |
| Currency Options | 0.045% (Rs 4500/crore) on premium | NA |
| Commodity | Non-Agri: 0.0036% (Rs 360/crore) | NA |
SAS Online 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.
| SAS Online | 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) |
The trading platforms offered SAS Online include ALPHA Web, ALPHA Trader and ALPHA Mobile (Omnesys NEST). Groww offers Groww trading software.
| SAS Online | Groww | |
|---|---|---|
| 3 in 1 Account |  |
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| Charting |  |
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| Automated Trading | |
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| SMS Alerts | |
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| Online Demo | |
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| Online Portfolio | |
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| Margin Trading Funding | |
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| Margin Against Shares (Equity Cash) | |
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| Margin Against Shares (Equity F&O) | |
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| Trading Platform | ALPHA Web, ALPHA Trader and ALPHA Mobile (Omnesys NEST) | Groww |
| Intraday Square-off Time | 3:10 PM | |
| Other Features | ||
| Referral Program | |
SAS Online is rated 4.1 of 5 based on 74 customer reviews whereas Groww is rated 3.8 of 5 based on 33 customer reviews.
| SAS Online | Groww | |
|---|---|---|
74 Customer Reviews  |
33 Customer Reviews |
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| Trading Platform |  |
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| Customer Service |  |
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| Research Capabilities |  |
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| Overall Ratings |  |
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| Broker Rating | SAS Online is rated 4.1 of 5 based on 74 customer reviews | Groww is rated 3.8 of 5 based on 33 customer reviews |
| SAS Online Enquire | Groww Enquire | |
|---|---|---|
| Contact Broker | Pay Rs 999 per month for unlimited trading or flat Rs 9 per Trade. Open Instant Demat Account and start trading today. | Leave your contact information and we will get in touch with you.... |
| SAS Online | Groww | |
|---|---|---|
| Stock / Equity | |
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| Commodity | |
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| Currency | |
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| IPO | |
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| Mutual Funds | |
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| Bond / NCD | |
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| Debt | |
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| Other Investment Options | Digital Gold, US Stocks, Fixed Deposits |
| SAS Online | Groww | |
|---|---|---|
| Bracket Order | |
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| Cover Order | |
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| Buy Today Sell Tomorrow (BTST) | |
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| Sell Today Buy Tomorrow (STBT) | |
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| After Market Order(AMO) | |
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| Good Till Cancelled (GTC) | |
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| SAS Online | Groww | |
|---|---|---|
| Daily Market Report | |
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| Free Tips | |
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| Quarterly Result Analysis | |
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| News Alerts | |
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| SAS Online | Groww | |
|---|---|---|
| Casual Investor | |
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| Active Investor | ||
| Trader | |
| SAS Online | Groww | |
|---|---|---|
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| 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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| Promo / Offers | Unlimited Monthly Trading @ Rs 999
This is a limited-time offer. Open Instant Demat Account and start trading today. |
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