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
One of the largest full service broker, Sharekhan is based in Mumbai, and has a client base of more than 17 lakh accounts. Sharekhan, is one of the biggest names in Indian equity and derivative trading and was a pioneer in the field of online trading. Sharekhan’s holding company is BNP Paribas, a Euronext Paris Stock Exchange listed entity with a history in banking. It is regulated by Securities and Exchange Board of India (SEBI).
Sharekhan was established in the year 2000 in Mumbai, Maharashtra. Originally, Sharekhan was a subsidiary of SSKI Group and it later got acquired by BNP Paribas Group. Sharekhan’s network is spread over 550 cities. Here, they are spread out in over 1850 offices, with a presence in middle-eastern countries like Oman and UAE.
Sharekhan offers a wide range on investment and advisory services like market news, comprehensive research reports, stock quotes, fundamental and statistical analysis
Charge | Groww | Sharekhan |
---|---|---|
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 (Free for 1st year with trading account) |
Charge | Groww | Sharekhan |
---|---|---|
Plan Name | Standard Plan | Classic Account |
Equity Delivery | ₹0 | 0.50% |
Equity Intraday | ₹20 or 0.01% of executed order value | 0.10% |
Equity Futures | N/A | 0.10% |
Equity Options | N/A | ₹50 per lot |
Currency Futures | N/A | 0.10% |
Currency Options | N/A | ₹30 per lot |
Commodity Options | N/A | 0.03% |
Mutual Fund | N/A | N/A |
Segment | Groww | Sharekhan |
---|---|---|
Equity Delivery | N/A | Upto 5x |
Equity Intraday | N/A | Upto 10x |
Equity Future | N/A | 2x |
Equity Options | N/A | Nil |
Currency Future | N/A | Nil |
Currency Options | N/A | Nil |
Commodity Future | N/A | Upto 2x |
Commodity Options | N/A | N/A |