Sharekhan Vs Groww (Compare Sharekhan and Groww)


Sharekhan
Incorporated in February 2000, Sharekhan is India's 3rd largest stock broker (after ICICI Direct and HDFC Securities). Sharekhan provides brokerage services through its online trading website Sharekhan.com and 1800 offices which includes branches & franchises in over 550 cities across India. Sharekhan has seen incredible growth over last 10+ years though it's very successful online trading platform and the chain of franchises located in almost every part of India. Sharekhan also has internationa... Know more about Sharekhan


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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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
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Sharekhan Vs Groww Charges & AMC

Sharekhan trading account opening charges is Rs 0 (Free) while Groww account opening changes is Rs 0. 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
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
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Sharekhan Vs Groww Brokerage Charges & Plans

Sharekhan Vs Groww Brokerage

Sharekhan brokerage charges for equity is 0.50% and intraday is 0.10% 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.

  Sharekhan Groww
Account Type Classic Account Standard Plan
Fixed Charges NA
Equity Delivery 0.50% Rs 20 per executed order or 0.05% whichever is lower
Equity Intraday 0.10% Rs 20 per executed order or 0.05% whichever is lower
Equity Futures 0.10% NA
Equity Options Rs 50 per lot NA
Currency Futures 0.10% NA
Currency Options Rs 30 per lot NA
Commodity Futures 0.03% NA
Commodity Options 0.03% NA
Special Offer
Special Offer: Rs 0 Account Opening Charges + FREE Stock Tips & Research + 1 Year Free Access to TradeTiger Trading Terminal Request a Callback.

Sharekhan Vs Groww Brokerage Plan 2

  Sharekhan Groww
Account Type Prepaid - ₹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% NA
Equity Options 0.05% or Rs 63 per lot NA
Currency Futures NA
Currency Options NA
Commodity Futures NA
Commodity Options NA

Sharekhan Vs Groww Brokerage Plan 3

  Sharekhan Groww
Account Type Margin - ₹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% NA
Equity Options 1% or Rs 70 per lot NA
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
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Sharekhan Vs Groww Transaction Charges

Sharekhan transaction charges for options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 50 per Cr (0.0005%) (on premium) while Groww exchange transaction charges for options is NA.

  Sharekhan Groww
Equity Delivery NSE Rs 325 per Cr (0.00325%) | BSE Rs 275 per Cr (0.00275%) (each side) NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Intraday NSE Rs 325 per Cr (0.00325%) | BSE Rs 275 per Cr (0.00275%) (each side) NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Futures NSE Rs 190 per Cr (0.0019%) | BSE Rs 50 per Cr (0.00035) (each side) NA
Equity Options NSE Rs 5000 per Cr (0.05%) | BSE Rs 50 per Cr (0.0005%) (on premium) NA
Currency Futures NSE Rs 135 per Cr (0.00135%) | MCX Rs 130 per Cr (0.00130%) NA
Currency Options NSE Rs 4220 per Cr (0.04220%) | MCX Rs 3220 per Cr (0.03220%) (on premium) NA
Commodity MCX (Non-Agri) Rs 230 per Cr (0.0023%) | MCX (Agri) Rs 95 per Cr (0.00095%) NA
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Sharekhan Vs Groww Leverage (Margin)

Sharekhan 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.

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

Sharekhan is rated 3.3 of 5 based on 298 customer reviews whereas Groww is rated 3.7 of 5 based on 25 customer reviews.

  Sharekhan Groww
  298 Customer Reviews    Rate Sharekhan 25 Customer Reviews    Rate Groww
Fees 3.0 4.2
Brokerage 2.8 3.9
Trading Platform 3.7 3.7
Customer Service 3.3 3.4
Research Capabilities 2.9 2.6
Overall Ratings Rated 3.3 stars Rated 3.7 stars
Broker Rating Sharekhan is rated 3.3 of 5 based on 298 customer reviews Groww is rated 3.7 of 5 based on 25 customer reviews
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Contact Broker / Request A Call Back

  Sharekhan Enquire Groww Enquire
Contact Broker Rs 0 Account Opening Charges + FREE Stock Tips & Research + 1 Year Free Access to TradeTiger Trading Terminal Request a Callback.
Leave your contact information and we will get in touch with you....
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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
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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
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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
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Sharekhan Vs Groww Suitable For Investor Type

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

  Sharekhan Groww
Pros
  • It has a strong network of over 1950 branches across India.
  • The fund transfer from and to the trading account is free.
  • The share transfer from and to the DP account is free when trading from Sharekhan trading account.
  • The 'TradeTiger' is the most popular trading terminal in India.
  • Brokerage Plan "Prepaid AMC schemes" are available for high volume traders.
  • Stock SIP is available.
  • Loan against shares, margin funding, ipo financing and ESOP funding is available.
  • 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
  • Sharekhan doesn't offer 3-in-1 account as it doesn't offer banking services.
  • Sharekhan brokerage is high in comparison to the discount brokers.
  • Sharekhan charges Rs 400 as AMC for trading account in addition to Rs 400 for demat account.
  • 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

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

Rs 0 Account Opening (for a limited time only)

  • Get FREE Account Opening.
  • FREE Research courage across all segments.
  • 1 Year FREE access to TradeTiger Trading Terminal.

This is a limited-time offer. Simply leave your contact information with us and Sharekhan representatives will contact you.

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