FREE Account Opening + No Clearing Fees
Loading...

Sharekhan Vs Groww (Compare Sharekhan and Groww)

Sharekhan Logo

About Sharekhan
Designed for the Serious and established in 2000, Sharekhan is a full-service stock broking firm that is also considered as one of the pioneers in retail online broking and digital investments in India. It offers online trading and investing services for brokerage through its online trading platforms: Website (www.sharekhan.com), TradeTiger (desktop trading software), the Sharekhan app and the InvesTiger app (both available for Android and iOS devices). Designed for serious Investors and Trader... Know more about Sharekhan

Nextbillion Technology pvt ltd Logo

About 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

Expand

Sharekhan Vs Groww

Incorporated in 2000, Sharekhan is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 2800 branches across India. Incorporated in 2016, Groww is a Discount Broker. It offers trading at NSE and BSE. It has 0 branches across India.

  Sharekhan Groww
Type of Broker Full Service Broker Discount Broker
Exchnage Membership BSE, NSE, MCX NSE and BSE
Year of Incorporation 2000 2016
Number of Branches 2800 0

Expand

Sharekhan Vs Groww Charges & AMC

Sharekhan trading account opening charges is Rs 0 (Free) while Groww account opening changes is Rs 0 (Free). Sharekhan Demat Account AMC Charges is Rs 400 (Free for 1st year) and Groww Demat Account AMC Charges is Rs 0.

  Sharekhan Groww
Trading Account Opening Charges Rs 0 (Free) Rs 0 (Free)
Trading Account AMC Charges Rs 0 (Free) Rs 0
Demat Account Opening Charges Rs 0 (Free) Rs 0
Demat Account AMC Charges Rs 400 (Free for 1st year) Rs 0

Expand

Sharekhan Vs Groww Brokerage

Sharekhan brokerage charges for equity is 0.30% on market rate or minimum 1 paisa per share and intraday is 0.02% on market rate or minimum 1 paisa per share 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.

Account Type Sharekhan Classic Account Groww Standard Plan
Fixed Charges NA
Equity Delivery 0.30% on market rate or minimum 1 paisa per share Rs 20 per executed order or 0.05% whichever is lower
Equity Intraday 0.02% on market rate or minimum 1 paisa per share Rs 20 per executed order or 0.05% whichever is lower
Equity Futures 0.02% per transaction value Rs 20 per executed order
Equity Options Rs 20 per lot Rs 20 per executed order
Currency Futures 0.02% per transaction value NA
Currency Options Rs 5 per lot NA
Commodity Futures 0.02% NA
Commodity Options Rs 20 per lot NA
Special Offer

Zerodha (Flat Rs 20 Per Trade)

Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

Zerodha (Flat Rs 20 Per Trade)

Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

Sharekhan Vs Groww Brokerage Plan 2

  Sharekhan Groww
Account Type Prepaid - Rs 1 Lakh Standard Plan
Fixed Charges Rs 1,00,000 per year NA
Equity Delivery 0.10% Rs 20 per executed order or 0.05% whichever is lower
Equity Intraday 0.015% Rs 20 per executed order or 0.05% whichever is lower
Equity Futures 0.015% Rs 20 per executed order
Equity Options 0.05% or Rs 63 per lot Rs 20 per executed order
Currency Futures NA
Currency Options NA
Commodity Futures NA
Commodity Options NA

Sharekhan Vs Groww Brokerage Plan 3

  Sharekhan Groww
Account Type Margin - Rs 1 Lakh Standard Plan
Fixed Charges Rs 1,00,000 margin NA
Equity Delivery 0.25% Rs 20 per executed order or 0.05% whichever is lower
Equity Intraday 0.05% Rs 20 per executed order or 0.05% whichever is lower
Equity Futures 0.05% Rs 20 per executed order
Equity Options 1% or Rs 70 per lot Rs 20 per executed order
Currency Futures NA
Currency Options NA
Commodity Futures NA
Commodity Options NA

Sharekhan Charges Vs Groww

Minimum Brokerage Intraday: 5 paisa per share | Delivery: 10 paisa per share | Future Rs 0.001 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 20 NA

Expand

Sharekhan Vs Groww Transaction Charges

Sharekhan transaction charges for options is NSE Rs 5050 per Cr (0.0505%) (on premium) while Groww exchange transaction charges for options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 3750 per Cr (0.0375%) (on premium).

  Sharekhan Groww
Equity Delivery NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (each side) NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (each side)
Equity Intraday NSE Rs 335 per Cr (0.00335%) | BSE Rs 375 per Cr (0.00375%) (sell side) NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (sell side)
Equity Futures NSE Rs 200 per Cr (0.002%) | BSE Rs 0 NSE Rs 190 per Cr (0.0019%) | BSE Rs 0
Equity Options NSE Rs 5050 per Cr (0.0505%) (on premium) NSE Rs 5000 per Cr (0.05%) | BSE Rs 3750 per Cr (0.0375%) (on premium)
Currency Futures NSE Rs 95 per Cr (0.00095%)
Currency Options NSE Rs 3700 per Cr (0.037%) (on premium) (on premium)
Commodity Futures: 0.0026% (MCX) | Black Pepper: Rs. 0.05 Castor Seed: Rs 0.5 Kapas: Rs 0.5, Options: 0.05% NA

Expand

Sharekhan Vs Groww Leverage (Margin)

Sharekhan margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Groww margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

  Sharekhan Groww
Equity Delivery 100% of trade value (1x leverage) 100% of trade value (1x leverage)
Equity Intraday Up to 20% of trade value (5x leverage) Up to 20% of trade value (5x leverage)
F&O (Eq, Curr, Comm) 100% of NRML margin (Span + Exposure) (1x leverage) 100% of NRML margin (Span + Exposure) (1x leverage)

Expand

Compare Sharekhan and Groww Features

The trading platforms offered Sharekhan include TradeTiger, Sharekhan Mobile. Groww offers Groww trading software.

  Sharekhan Groww
3 in 1 Account No No
Charting Yes Yes
Automated Trading Yes No
SMS Alerts Yes Yes
Online Demo Yes Yes
Online Portfolio Yes Yes
Margin Trading Funding Yes No
Margin Against Shares (Equity Cash) Yes No
Margin Against Shares (Equity F&O) No
Trading Platform TradeTiger, Sharekhan Mobile Groww
Intraday Square-off Time 3:30 PM 3:10 PM
Trading In SME Shares Allowed? No
Referral Program
Other Features Pattern finder, Class room training

Expand

Sharekhan Vs Groww Review

Sharekhan is rated 3.3 of 5 based on 312 customer reviews whereas Groww is rated 3.9 of 5 based on 94 customer reviews.

  Sharekhan Groww
  312 Customer Reviews    Rate Sharekhan 94 Customer Reviews    Rate Groww
Fees 3.0 4.3
Brokerage 2.8 3.9
Trading Platform 3.7 3.9
Customer Service 3.3 3.6
Research Capabilities 3.1 3.2
Overall Ratings Rated 3.3 stars Rated 3.9 stars
Broker Rating Sharekhan is rated 3.3 of 5 based on 312 customer reviews Groww is rated 3.9 of 5 based on 94 customer reviews

Expand

Contact Broker / Request A Call Back

  Sharekhan Enquire Groww Enquire
Contact Broker Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today. Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today.

Expand

Sharekhan Vs Groww Investment Options

  Sharekhan 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 Loans, NRI Trading Digital Gold, US Stocks, Fixed Deposits

Expand

Sharekhan Vs Groww Order Type Offered

  Sharekhan 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

Expand

Sharekhan Vs Groww Research Report

  Sharekhan Groww
Daily Market Report Yes No
Free Tips Yes No
Quarterly Result Analysis Yes No
News Alerts Yes No

Expand

Sharekhan Vs Groww Suitable For Investor Type

  Sharekhan Groww
Casual Investor Yes Yes
Active Investor Yes
Trader

Expand

Sharekhan Vs Groww - Pros and Cons

  Sharekhan Groww
Pros
  1. Sharekhan offers different trading platforms to suit customer requirements. This includes online browser-based trading, an Installable terminal, mobile, call-n-trade and in-person trade through branch offices.
  2. It offers different brokerage slabs to suit individual customers. Higher your trade your brokerage gets reduced. They have multiple brokerage schemas available to them.
  3. Sharekhan offers online and classroom training, seminars and workshops to investors.
  4. Sharekhan doesn't charge for Online Funds Transfer from a bank account and Funds Pay-out to a bank account.
  5. Sharekhan doesn't charge for DP transactions. Share transfer from and to the DP account is free.
  6. Sharekhan has an India-wide network of branches. You can surely find a Sharekhan in your neighbourhood.
  7. Call & Trade facility is free with Sharekhan.
  8. Sharekhan allows fixed deposits as collateral for future and option trading.
  • 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. Sharekhan doesn't offer 3-in-1 accounts as they don't provide banking services.
  2. Classic account holders cannot trade Commodities, as the segment has to be activated separately.
  3. As a full-service broker that provides Customer Support and assistance via RMs, their charges are basis a percentage of the Securities being traded and not a flat fee.
  • Limited investment products with no option to currently trade in derivatives (futures & options), commodity, and currency segment.
  • Doesn't offer trading in SME shares.
  • 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

Zerodha (India's Best & No. 1 Broker)

  Special Offer - Free Equity Delivery and Mutual Funds

  • Brokerage-free equity delivery trades.
  • Brokerage-free Direct Mutual Fund.
  • Pay ₹20 per trade for Intraday & F&O.
  • The best trading platform in India.

Open Instant Demat Account Read Reviews

Zerodha (India's Best & No. 1 Broker)

  Special Offer - Free Equity Delivery and Mutual Funds

  • Brokerage-free equity delivery trades.
  • Brokerage-free Direct Mutual Fund.
  • Pay ₹20 per trade for Intraday & F&O.
  • The best trading platform in India.

Open Instant Demat Account Read Reviews

Comments

Add a public comment...

Compare More Brokers: