Groww vs IIFL Securities 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 IIFL Securities
IIFL Securities is one of the leading broking firms in India with a financial parent body, IIFL group. Founded in 1995 by Nirmal Jain, this group is a renounced financial service provider with a variety of products and services. From broking to wealth management, India Infoline group has spread its arms in all possible financial sectors and has also bagged multiple awards for the same all these years.
In this article, we will cover a complete review of the broking sector of IIFL, its charges, steps to open an account, and the software it provides.
India Infoline Securities: Overview
IIFL Securities is a full-service broking company spread across major cities of India and adhering to a wide range of investors' needs. They offer a complete trading solution including online presence and researched advisory by professionals of the industry. Mr. Nirmal Jain, the chairman of the IIFL group was also one of the
Groww vs IIFL Securities Account Opening Charges: 2024
| Charge | Groww | IIFL Securities |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 |
| Trading Acc Opening Charges | ₹200 | ₹750 |
| Trading Account AMC | ₹0 | ₹0 |
| Demat Account AMC | ₹300 p.a. (wherein ₹25 charged quarterly) | ₹400 per year |
Groww vs IIFL Securities Brokerage Charges and Plans : 2024
| Charge | Groww | IIFL Securities |
|---|---|---|
| Plan Name | Standard Plan | Flat Plan (FBP) |
| 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 | 1% of Premium or ₹100 per lot, whichever is high |
| Currency Futures | N/A | 0.05% |
| Currency Options | N/A | 1% of Premium or ₹100 per lot, whichever is high |
| Commodity Options | N/A | Futures: 0.05% and Options: 1% of Premium or ₹100 per lot, whichever is high |
| Mutual Fund | N/A | N/A |
Groww vs IIFL Securities Margin / Exposure: 2024
| Segment | Groww | IIFL Securities |
|---|---|---|
| Equity Delivery | N/A | Upto 3x |
| Equity Intraday | N/A | Upto 20x |
| Equity Future | N/A | Upto 3x |
| Equity Options | N/A | Upto 3x |
| Currency Future | N/A | Upto 2x |
| Currency Options | N/A | Upto 2x |
| Commodity Future | N/A | Upto 3x |
| Commodity Options | N/A | N/A |