Fyers vs Groww Comparison: 2024
About Fyers
Fyers Securities is a team of young, enthusiastic business people with over 10 years of trading and security industry experience. They are also associated with IL&FS Securities Services Limited for their demat account services and mutual fund services.
One interesting fact about this stock broker is that it pioneered a new method in investing stock called ‘Themed Investment’ providing the ability to invest in similar category of stocks. The closest similar practice would be with Exchange Traded Funds (ETFs). However, Thematic Investment offers more flexibility than ETFs, because the companies to invest in a particular theme are identified by the broker, even the community sometimes.
Fyers : Overview
Based out of Bangalore, Karnataka, Fyers was launched in 2015, and in this limited time period, it has become one of the popular discount brokers in India. Found by Tejas Khoday, Shreyas Khodey & Yashas Khodey, FYERS is basically an acronym for ‘Focus Your
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
Fyers vs Groww Account Opening Charges: 2024
| Charge | Fyers | Groww |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹400 | ₹200 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹300 | ₹300 p.a. (wherein ₹25 charged quarterly) |
Fyers vs Groww Brokerage Charges and Plans : 2024
| Charge | Fyers | Groww |
|---|---|---|
| Plan Name | Flat Fee Plan | Standard Plan |
| Equity Delivery | ₹0 | ₹0 |
| Equity Intraday | ₹20 per executed order or 0.03% whichever is less | ₹20 or 0.01% of executed order value |
| Equity Futures | ₹20 per executed order or 0.03% whichever is less | N/A |
| Equity Options | ₹20 per executed order | N/A |
| Currency Futures | ₹20 per executed order or 0.03% whichever is less | N/A |
| Currency Options | ₹20 per executed order | N/A |
| Commodity Options | Futures: ₹20 per executed order or 0.03% whichever is less, Options: ₹20 per executed order | N/A |
| Mutual Fund | N/A | N/A |
Fyers vs Groww Margin / Exposure: 2024
| Segment | Fyers | Groww |
|---|---|---|
| Equity Delivery | 1x | N/A |
| Equity Intraday | Upto 5x | N/A |
| Equity Future | Upto 4x | N/A |
| Equity Options | Upto 5x | N/A |
| Currency Future | Upto 3x | N/A |
| Currency Options | Upto 3x | N/A |
| Commodity Future | Upto 3x | N/A |
| Commodity Options | Upto 3x | N/A |