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
Please note than as of Friday, 22 Nov, 2019, Karvy Stock Broking Ltd is barred by SEBI from taking on any new clients, after finding alleged client-related fraud. However, Karvy will still serve the existing client base. They can still trade and manage the existing client’s demat accounts, and still serve services like applying in IPOs, and still retain the option to close their account anytime, but opening up of new accounts is prohibited.
Karvy Stock Broking Ltd (KSBL), established in 1990, is a subsidiary of KARVY Group, who happen to be one of India's popular financial services company. The firm, being a full service broker, offers stock broking and research advisory services too.
Karvy Stock Broking: Overview
Karvy Stock Broking Ltd (KSBL) is based out of Hyderabad, and is the brokerage-subsidiary Karvy Group. The firm happens to be a registered member of BSE, NSE, MCX, and ICEX along with being a registered
Charge | Groww | Karvy Stock Broking Ltd. |
---|---|---|
Demat Account Opening Charges | ₹0 | ₹0 |
Trading Acc Opening Charges | ₹200 | ₹0 |
Trading Account AMC | ₹0 | ₹0 |
Demat Account AMC | ₹300 p.a. (wherein ₹25 charged quarterly) | ₹500 p.a. (For 1st year: Free) |
Charge | Groww | Karvy Stock Broking Ltd. |
---|---|---|
Plan Name | Standard Plan | Basic Plan |
Equity Delivery | ₹0 | 0.3% |
Equity Intraday | ₹20 or 0.01% of executed order value | 0.03% |
Equity Futures | N/A | 0.03% |
Equity Options | N/A | ₹50 per lot |
Currency Futures | N/A | 0.03% |
Currency Options | N/A | ₹50 per lot |
Commodity Options | N/A | 0.01% only on the sell side |
Mutual Fund | N/A | N/A |
Segment | Groww | Karvy Stock Broking Ltd. |
---|---|---|
Equity Delivery | N/A | Upto 5x |
Equity Intraday | N/A | Upto 20x |
Equity Future | N/A | Upto 4x |
Equity Options | N/A | Upto 4x for shorting |
Currency Future | N/A | Nil |
Currency Options | N/A | Nil |
Commodity Future | N/A | Upto 4x |
Commodity Options | N/A | N/A |