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
SAMCO is another popular discount broker in India which has carved a niche for itself in a short span of time. It conceptualized in the year 2015 and with its diversifying broking services and products range it has a good hold on the market at present.
Samco Securities Ltd. is known to be a suitable stockbroker for beginners since it offers an exhaustive repository of basic and intermediate tutorials on investing and trading. At the same time, with low brokerage charges, they leave a low chance of risk for the beginners as compared to other Indian stock brokers.
It allows trading across all the leading stock and commodity exchanges in India including NSE, BSE, MCX, MCX-SX and NCDEX. Samco facilitates commodity segment for MCX trading through its associated entity, Samco Commodities Ltd. The firm primarily caters to corporate and retail clients. It also offers loans against shares, low brokerage Demat
Charge | Groww | SAMCO |
---|---|---|
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) | ₹400 |
Charge | Groww | SAMCO |
---|---|---|
Plan Name | Standard Plan | Standard |
Equity Delivery | ₹0 | ₹20 per executed order |
Equity Intraday | ₹20 or 0.01% of executed order value | ₹20 per executed order |
Equity Futures | N/A | ₹20 per executed order |
Equity Options | N/A | ₹20 per executed order |
Currency Futures | N/A | ₹20 per executed order |
Currency Options | N/A | ₹20 per executed order |
Commodity Options | N/A | ₹20 per executed order |
Mutual Fund | N/A | N/A |
Segment | Groww | SAMCO |
---|---|---|
Equity Delivery | N/A | Upto 4x |
Equity Intraday | N/A | Upto 15x |
Equity Future | N/A | Upto 4x |
Equity Options | N/A | Upto 8x |
Currency Future | N/A | Upto 3x |
Currency Options | N/A | Upto 5x |
Commodity Future | N/A | Upto 5x |
Commodity Options | N/A | Upto 5x |