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 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
IDBI Capital Market & securities Ltd. also known as IDBI Direct, is a widely known full-service Mumbai based stock broker with integrated banking facilities and is a truly owned subsidiary of IDBI Bank Ltd. It has made a gigantic reputation for itself within the brokerage industry and Indian trading by providing personalized support to their respective clients.
As of today, the company has a net worth of around three billion rupees and over two hundred employees are located across seventeen distinct branches, spread over seventeen cities around the nation.
As a retail broking division of the Indian centric financial services IDBI Capital offering remote-based trading with the help of internet across all the major financial segments such as Equities, F&O, Mutual Funds and Initial Public Offerings.
Also, to help the registered users, as well as investors of the company to swift investment-related decisions and better inform them about their respective online portal by
Charge | Groww | IDBI Direct |
---|---|---|
Demat Account Opening Charges | ₹0 | ₹0 |
Trading Acc Opening Charges | ₹200 | ₹500 (one-time) |
Trading Account AMC | ₹0 | ₹0 |
Demat Account AMC | ₹300 p.a. (wherein ₹25 charged quarterly) | ₹450 p.a. |
Charge | Groww | IDBI Direct |
---|---|---|
Plan Name | Standard Plan | Standard Plan |
Equity Delivery | ₹0 | 0.50% |
Equity Intraday | ₹20 or 0.01% of executed order value | 0.05% |
Equity Futures | N/A | 0.05% |
Equity Options | N/A | ₹100 per lot |
Currency Futures | N/A | N/A |
Currency Options | N/A | N/A |
Commodity Options | N/A | N/A |
Mutual Fund | N/A | N/A |
Segment | Groww | IDBI Direct |
---|---|---|
Equity Delivery | N/A | Nil |
Equity Intraday | N/A | Upto 4x |
Equity Future | N/A | Nil |
Equity Options | N/A | Nil |
Currency Future | N/A | N/A |
Currency Options | N/A | N/A |
Commodity Future | N/A | N/A |
Commodity Options | N/A | N/A |