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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...

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...

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

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

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

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

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)

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
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
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

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	25 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
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

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. Name Phone # Email City Name State Are you a day trader?	Leave your contact information and we will get in touch with you....

Sharekhan Vs Groww Investment Options

	Sharekhan	Groww
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options	Loans, NRI Trading	Digital Gold, US Stocks, Fixed Deposits

Sharekhan Vs Groww Order Type Offered

	Sharekhan	Groww
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)

Sharekhan Vs Groww Research Report

	Sharekhan	Groww
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Sharekhan Vs Groww Suitable For Investor Type

	Sharekhan	Groww
Casual Investor
Active Investor
Trader

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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