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
Upstox, another name to be included in the list of fastest growing discount brokers in India. We wonder, how much longer the list of stock brokers in India will eventually get. Every other day you hear a lot of new entrants, or existing players modifying their strategies to survive and succeed in the stock broking world.
Uptstox, formerly known as RKSV Securites, is one of the biggest discount brokers in India, funded by the likes of Ratan Tata, Kalaari Capital and GVK Davix, making the firm a dependable and safe broker for all of your investment and trading needs. Based out of Mumbai, Upstox is a wide-range broker. This stock broking platform offers a huge range of trading products and services.
Using Upstox has huge advantages, especially for traders, given its plans and cheap brokerage despite volume. Also, Upstox also offers one of the quickest trading terminals, which, any trader could tell
Charge | Groww | Upstox |
---|---|---|
Demat Account Opening Charges | ₹0 | ₹0 |
Trading Acc Opening Charges | ₹200 | ₹249 |
Trading Account AMC | ₹0 | ₹0 |
Demat Account AMC | ₹300 p.a. (wherein ₹25 charged quarterly) | ₹300 per year (paid monthly) |
Charge | Groww | Upstox |
---|---|---|
Plan Name | Standard Plan | Basic |
Equity Delivery | ₹0 | ₹0 (FREE) |
Equity Intraday | ₹20 or 0.01% of executed order value | ₹20 per trade or 0.05% (whichever is lower) |
Equity Futures | N/A | ₹20 per trade or 0.05% (whichever is lower) |
Equity Options | N/A | ₹20 per trade or 0.05% (whichever is lower) |
Currency Futures | N/A | ₹20 per trade or 0.05% (whichever is lower) |
Currency Options | N/A | ₹20 per trade or 0.05% (whichever is lower) |
Commodity Options | N/A | ₹20 per trade or 0.05% (whichever is lower) |
Mutual Fund | N/A | N/A |
Segment | Groww | Upstox |
---|---|---|
Equity Delivery | N/A | 1x (no margin) |
Equity Intraday | N/A | Basic: 15x | Priority: 20x | Basic CO: 20x | Priority CO: 27x |
Equity Future | N/A | Basic: 3x | Priority: 3x | Basic CO: 5x | Priority CO: 6x |
Equity Options | N/A | Basic: 3x | Priority: 3x | Basic CO: 3x | Priority CO: 3x |
Currency Future | N/A | Basic:4x | Priority:4x | Basic CO:4x | Priority CO:5x |
Currency Options | N/A | Basic: 4x | Priority: 4x | Basic CO: 4x | Priority CO: 5x |
Commodity Future | N/A | Basic: 2.5x | Priority: 3x | Basic CO: 3x | Priority CO: 4x |
Commodity Options | N/A | N/A |