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
A Mumbai based entity, Motilal Oswal is one of the oldest brokerage firms providing various financial services. It has been operating for more than 30 years in this field, established in 1987. Motilal Oswal is a full service broker offering services ranging from trading to portfolio management. It has one of the largest client base in India, harbouring clients from all ends from retail investors to high-net-worth individuals, including but not limited to foreign institutional investors, mutual funds and financial institutions.
A subsidiary of Motilal Oswal Financial Service Limited, Motilal Oswal Securities Limited is a brokerage firm provides a wide range of trading options, including trading in equity, debt, derivatives and currencies across various stock exchanges like BSE, NSE, NCDEX, MCX. The firm also provides research based reports, in fact it invests about 10% of its revenue in such research practices, and it has published more than 30000
Charge | Groww | Motilal Oswal |
---|---|---|
Demat Account Opening Charges | ₹0 | ₹0 |
Trading Acc Opening Charges | ₹200 | ₹1000 (One-time) |
Trading Account AMC | ₹0 | ₹0 |
Demat Account AMC | ₹300 p.a. (wherein ₹25 charged quarterly) | ₹299 |
Charge | Groww | Motilal Oswal |
---|---|---|
Plan Name | Standard Plan | Default Plan |
Equity Delivery | ₹0 | 0.50% |
Equity Intraday | ₹20 or 0.01% of executed order value | 0.05% (both side) |
Equity Futures | N/A | 0.05% (both side) |
Equity Options | N/A | ₹100 per lot (both side) |
Currency Futures | N/A | ₹20 per lot (both side) |
Currency Options | N/A | ₹20 per lot (both side) |
Commodity Options | N/A | 0.05% (both side) |
Mutual Fund | N/A | N/A |
Segment | Groww | Motilal Oswal |
---|---|---|
Equity Delivery | N/A | 4x |
Equity Intraday | N/A | 20x for Margin+ (Over 140 Stocks), Other stocks: 4x |
Equity Future | N/A | Upto 3x |
Equity Options | N/A | Nil |
Currency Future | N/A | N/A |
Currency Options | N/A | Nil |
Commodity Future | N/A | Upto 3x |
Commodity Options | N/A | N/A |