Groww vs Nirmal Bang 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 Nirmal Bang

Nirmal Bang, one of most popular stock brokers as well as trading services provider in the country, has been around since 1986. Nirmal Bang offers complete stock trading services to all of its clients via multiple methods including online stock trading in the Bombay Stock Exchange (BSE) and the National Stock Exchange (NSE).

Nirmal Bang: Overview

Based out of Mumbai, Maharashtra, the firm gained popularity because of its excellent stock trading platform available to the clients. Along with that, the firm also offers brilliant advisory services and effective trading software and algorithms to its customers.

Nirmal Bang is registered in India’s major stock exchanges like Bombay Stock Exchange Ltd (BSE), National Stock Exchange Ltd (NSE), National Commodity & Derivatives Exchange Ltd (NCDEX), Multi Commodity Exchange of India Ltd (MCX), National Multi Commodity Exchange of India Ltd (NMCE). Along with these, the company also is a membership being a Depository Participant (DP) in

Groww vs Nirmal Bang Account Opening Charges: 2024

ChargeGrowwNirmal Bang
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)₹200 per year

Groww vs Nirmal Bang Brokerage Charges and Plans : 2024

ChargeGrowwNirmal Bang
Plan NameStandard PlanN/A
Equity Delivery₹00.2%
Equity Intraday₹20 or 0.01% of executed order value0.02%
Equity FuturesN/A0.02%
Equity OptionsN/A₹35
Currency FuturesN/A0.02%
Currency OptionsN/A₹20
Commodity OptionsN/A0.01%
Mutual FundN/AN/A

Groww vs Nirmal Bang Margin / Exposure: 2024

SegmentGrowwNirmal Bang
Equity DeliveryN/AUpto 10x
Equity IntradayN/AUpto 4x
Equity FutureN/AUpto 4x
Equity OptionsN/AUpto 2x for shorting
Currency FutureN/AUpto 2x for shorting
Currency OptionsN/AUpto 3x
Commodity FutureN/AUpto 3x
Commodity OptionsN/AN/A
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