Groww vs Alice Blue Comparison: 2024
About Groww
Groww is a leading mutual fund investment platform now widening its wings into the stock investing world as well. So, here we'll have an exclusive Groww Review covering its features, types of Demat account, brokerage plans and much more.
Brokerage firms offer various plans and services to make life in trading as seamless as possible. But for those who are willing to avail these have to open a Demat and trading account. For the same, choosing the appropriate stock broker is very essential. Groww is one of the many stock brokerage firms that offer stock trading opportunities. Let’s have a brief overview of the company and the trading and Demat account it provides.
Groww: A Quick Review
Groww initially started as a mutual fund investment platform and was launched in 2016 by Lalit Keshre, Harsh Jain, Neeraj Singh and Ishan Bansal. The company offers trading or investment opportunities in mutual funds and
About Alice Blue
A Bangalore based discount broker, Alice Blue is working hard to get ahead in the list of discount brokers in India. Of course, it isn't that easy to maintain a stronghold amid other key players in the stock broker world. However, it's brokerage free equity delivery model is catching the attention of potential traders.
Alice Blue is an online stockbroker and one of the oldest stockbrokers in the Indian capital market. This modern, technology-driven firm was incorporated in 2006 with the vision to provide advanced broking services to its clients and stakeholders. The USP of Alice Blue is the cost-free broking solutions they provide. With zero trading charges and dedicated customer support services, Alice Blue Stock Broking firm stands out in the Stock market as exemplary.
Alice Blue: Overview
Founded by Sidhavelayutham M. in Bangalore who is now CEO of the company introduced the concept of professional marketing of broking services
Groww vs Alice Blue Account Opening Charges: 2024
| Charge | Groww | Alice Blue |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹200 | Equity ₹310, MCX ₹200 & ₹500 All segments |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹300 p.a. (wherein ₹25 charged quarterly) | ₹400 |
Groww vs Alice Blue Brokerage Charges and Plans : 2024
| Charge | Groww | Alice Blue |
|---|---|---|
| Plan Name | Standard Plan | Freedom 15 Plan |
| Equity Delivery | ₹0 | ₹0 |
| Equity Intraday | ₹20 or 0.01% of executed order value | ₹15 per order or 0.01% whichever is lower |
| Equity Futures | N/A | ₹15 per order or 0.01% whichever is lower |
| Equity Options | N/A | ₹15 per order |
| Currency Futures | N/A | ₹15 per order or 0.01% whichever is lower |
| Currency Options | N/A | ₹15 per order |
| Commodity Options | N/A | Future: ₹15 per order or 0.01% whichever is lower and Options: ₹15 per order |
| Mutual Fund | N/A | N/A |
Groww vs Alice Blue Margin / Exposure: 2024
| Segment | Groww | Alice Blue |
|---|---|---|
| Equity Delivery | N/A | Intraday: 20x | Bracket Order: 20x | Cover Order: NA | CNC-Delivery: 3x |
| Equity Intraday | N/A | Intraday: 20x | Bracket Order: 20x | Cover Order: NA | CNC-Delivery: 3x |
| Equity Future | N/A | Intraday: 10x | Bracket Order: 20x | Cover Order: 20x | CNC-Delivery: 1x |
| Equity Options | N/A | Intraday: Buy-3x Sell 10x | Bracket Order: NA | Cover Order: NA | CNC-Delivery: 1x |
| Currency Future | N/A | Intraday: 10x | Bracket Order: 20x | Cover Order: 20x | CNC-Delivery: 1x |
| Currency Options | N/A | Intraday: Buy-3x Sell 10x | Bracket Order: NA | Cover Order: NA | CNC-Delivery: 1x |
| Commodity Future | N/A | Intraday: 10x | Bracket Order: 20x | Cover Order: 20x | CNC-Delivery: 1x |
| Commodity Options | N/A | N/A |