SBI Securities Vs Groww (Compare SBI Securities and Groww)

The side-by-side comparison of SBI Securities and Groww. Compare SBI Securities Vs Groww brokerage, charges, leverage, margin, demat account and intraday trading. Find which is best SBI Securities vs Groww?


SBI Securities
SBICAP Securities Ltd (SSL) is the stock broking arm of the State Bank Group and a 100% subsidiary of SBI Capital Markets Ltd. SSL is a full-service stock broker. Founded in 2006, the company's services include Institution Equity, Retail Equity, Derivatives, Broking, Depository services and Third Party Distribution products. They also provide online trading services to investors & traders. SBI Smart is the flagship trading platform of the company. The portal allows both Resident Indians a... Know more about SBICAP Securities 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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SBI Securities Vs Groww

Incorporated in 2001, SBI Securities is a Full Service Broker. It offers trading at BSE, NSE. It has 117 branches across India. Incorporated in 2016, Groww is a Discount Broker. It offers trading at NSE and BSE. It has 0 branches across India.

  SBI Securities Groww
Type of Broker Full Service Broker Discount Broker
Supported Exchnages BSE, NSE NSE and BSE
Account Type eZ-trade Standard Plan
Year of Incorporation 2001 2016
Number of Branches 117 0
Broker Enquiry Open an Online Trading Account with SBI Securities. Leave your contact info and we will get in touch with you.
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SBI Securities Vs Groww Charges & AMC

SBI Securities trading account opening charges is Rs 850 while Groww account opening changes is Rs 0. SBI Securities Demat Account AMC Charges is Rs 350 and Groww Demat Account AMC Charges is Rs 0.

  SBI Securities Groww
Trading Account Opening Charges Rs 850 Rs 0
Trading Account AMC Charges Rs 0 Rs 0
Demat Account Opening Charges Rs 0 Rs 0
Demat Account AMC Charges Rs 350 Rs 0
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SBI Securities Vs Groww Brokerage Charges & Plans

SBI Securities Vs Groww Brokerage

SBI Securities brokerage charges for equity is 0.50% and intraday is 0.05% 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.

  SBI Securities Groww
Account Type eZ-trade Standard Plan
Fixed Charges NA
Equity Delivery Brokerage 0.50% Rs 20 per executed order or 0.05% whichever is lower
Equity Intraday Brokerage 0.05% Rs 20 per executed order or 0.05% whichever is lower
Equity Futures Brokerage 0.05% NA
Equity Options Brokerage Rs 100 per lot NA
Currency Futures Trading Brokerage 0.03% NA
Currency Options Trading Brokerage Rs 30 per lot NA
Commodity Futures Trading Brokerage NA NA
Commodity Options Trading Brokerage NA NA
Special Offer

SBI Securities Charges Vs Groww

Minimum Brokerage Charges Rs 0.05 for Cash, Rs 0.01 Future Rs 20 or 0.05% per executed order
Other Brokerage Charges Physical Contract Note: Rs 20 + Courier Charges; Auto square off charges : Rs 50
Call & Trade Charges Rs 10 per call (after 30 free calls a month) NA
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SBI Securities Vs Groww Transaction Charges

SBI Securities transaction charges for options is NSE: 0.05515% (Rs 5515/Crore) while Groww exchange transaction charges for options is NA.

  SBI Securities Groww
Equity Delivery NSE: 0.00386% | BSE: 0.00384% NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Intraday NSE: 0.00386% | BSE: 0.00384% NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Futures NSE: 0.002206% (Rs 221/Crore) NA
Equity Options NSE: 0.05515% (Rs 5515/Crore) NA
Currency Futures 0.002206% NA
Currency Options NSE: 0.05515% (Rs 5515/Crore) NA
Commodity NA
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SBI Securities Vs Groww Leverage (Margin)

SBI Securities provides the margin of Upto 5x for intraday trades whereas the Groww margin for intraday cash is Up to 8x (based on the stock).

  SBI Securities Groww
Equity Delivery 2x with Intrest 1x (no margin)
Equity Intraday Upto 5x Up to 8x (based on the stock)
Equity Futures Nil NA
Equity Options Nil NA
Currency Futures Nil NA
Currency Options Nil NA
Commodity Futures NA NA
Commodity Options NA
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Compare SBI Securities and Groww Features

The trading platforms offered SBI Securities include SBI Smart Express, SBI Smart Web, SBI Smart Mobile. Groww offers Groww trading software.

  SBI Securities Groww
3 in 1 Account Yes No
Charting No 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) No
Margin Against Shares (Equity F&O) No
Trading Platform SBI Smart Express, SBI Smart Web, SBI Smart Mobile Groww
Intraday Square-off Time 2:45 PM 3:10 PM
Other Features
Referral Program
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SBI Securities Vs Groww Review

SBI Securities is rated 2.6 of 5 based on 140 customer reviews whereas Groww is rated 4.0 of 5 based on 11 customer reviews.

  SBI Securities Groww
  140 Customer Reviews    Rate SBI Securities 11 Customer Reviews    Rate Groww
Fees 3.2 4.5
Trading Brokerage 2.8 4.3
Trading Platform Usability 2.6 3.9
Customer Service 2.8 3.6
Research Capabilities 2.3 2.2
Overall Ratings Rated 2.6 stars Rated 4.0 stars
Broker Rating SBI Securities is rated 2.6 of 5 based on 140 customer reviews Groww is rated 4.0 of 5 based on 11 customer reviews
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Contact Broker / Request A Call Back

  SBI Securities Enquire Groww Enquire
Contact Broker

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SBI Securities Vs Groww Investment Options

  SBI Securities Groww
Stock / Equity Yes Yes
Commodity No No
Currency Yes No
Initial Public Offers (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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SBI Securities Vs Groww Order Type Offered

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

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

  SBI Securities Groww
Casual Investor Yes Yes
Active Investor
Trader
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SBI Securities Vs Groww - Pros and Cons

  SBI Securities Groww
Pros
  • Offer 3-in-1 account for seamless transactions.
  • Full-service broker offering services online as well as through branches.
  • Wide range of investment options.
  • Free research reports are available.
Cons
  • Installable Trading Terminal (exe) is not available for frequent traders.
  • Good Till Cancelled (GTC) orders are not available.
  • Very high brokerage.
  • Commodity (MCX) trading is not available.
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