Groww vs Finvasia 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 Finvasia
Finvasia, a financial services company providing a wide array of services in the the financial sector. With Finvasia Securities having its base in Chandigarh, it's an emerging platform to join the race of discount brokers in India.
Finvasia is an international wealth management and broking fintech company rapidly growing in the Indian arena. this technology-driven Firm offers a very diversified business model ranging from capital market advisory to commodity broking and everything in between. With the aim To promote direct investments, It currently operates in 14 countries including Australia, Brazil, Canada, London, and others. The Indian office of the broker is situated in Chandigarh.
Finvasia: an overview
Finvasia was founded by Ex-wall street professionals Sarvjeet Singh Virk and Tajinder Singh Virk in 2009 in Canada. The brother duo initially came to India as Foreign institutional investors(FII) but soon realized the need to create financial solutions for the Indian investor. The company provides
Groww vs Finvasia Account Opening Charges: 2024
| Charge | Groww | Finvasia |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 (Free) |
| Trading Acc Opening Charges | ₹200 | ₹0 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹300 p.a. (wherein ₹25 charged quarterly) | ₹0 (Free) |
Groww vs Finvasia Brokerage Charges and Plans : 2024
| Charge | Groww | Finvasia |
|---|---|---|
| Plan Name | Standard Plan | Standard |
| Equity Delivery | ₹0 | ₹0 |
| Equity Intraday | ₹20 or 0.01% of executed order value | ₹0 |
| Equity Futures | N/A | ₹0 |
| Equity Options | N/A | ₹0 |
| Currency Futures | N/A | ₹0 |
| Currency Options | N/A | ₹0 |
| Commodity Options | N/A | ₹0 |
| Mutual Fund | N/A | N/A |
Groww vs Finvasia Margin / Exposure: 2024
| Segment | Groww | Finvasia |
|---|---|---|
| Equity Delivery | N/A | 1x |
| Equity Intraday | N/A | Upto 10x |
| Equity Future | N/A | 2x |
| Equity Options | N/A | 1x |
| Currency Future | N/A | 1x |
| Currency Options | N/A | 1x |
| Commodity Future | N/A | 2x |
| Commodity Options | N/A | 1x |