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Groww Vs Marwadi Group: Which one is better?

Both the brokers are registered with SEBI. Groww offers investmenet in Equity, F&O and Currency only, where Marwadi Group offers investment in Equity, F&O, Currency and Commodities.. The brokerage of Groww Max Rs 20 per trade while the brokerage of Marwadi Group ranges between 0.06% to 0.30%. Groww is a Discount Broker where Marwadi Group is a Full Service Broker. Groww is having overall higher rating compare to Marwadi Group. Groww is rated 4 out of 5 where Marwadi Group is rated only 3.5 out of 5. Number of active customer for Groww is 91,85,024 where number of active customer for Marwadi Group is 1,26,599. Groww is serving more customer compare to Marwadi Group.

Here we present side-by-side comparison of Groww vs Marwadi Group share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared Groww vs Marwadi Group's on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This will help you in make up your mind and clear things for you so that you can choose the best broker for youself. We also help our visitors with account opening.

Here we present side-by-side comparison of Groww vs Marwadi Group share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared Groww vs Marwadi Group's on

  • Brokerage plans
  • Plan types
  • Customer Service
  • Maintenance fees
  • AMC
  • Trading Platforms
  • Rating
  • Reviews
  • Mobile App
  • Margin/Leverage/Exposure
  • Demat Account
  • Investment Options
  • And many more attributes

This will help you in make up your mind and clear things for you so that you can choose the best broker for yourself. We also help our visitors with account opening.

Compare Groww vs Marwadi Group on Service

  Groww Compare
Groww
Marwadi Group Compare
Marwadi Group
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Discount Broker Full Service Broker
Exchanges Supported What is this parameter? NSE, BSE BSE, NSE, MCX, NCDEX
Active Clients 91,85,024 1,26,599
Broker Overview Groww is the top broker for beginners to invest in direct mutual funds for Free and trade in stocks at a Rs 20 flat fee! Also, its easy-to-use, crystal clear user interface, and safe & secure Groww app and web-based platform makes investing hassl... Know more about Groww Open a free demat & trading account with Marwadi Financial to trade and invest across multiple asset classes on the user-friendly web, app, and desktop platforms, access free research & advisory, and portfolio management services.
Broker Enquiry Request call back from Zerodha Request call back from Zerodha
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Account Opening Charges and AMC

Compare Groww vs Marwadi Group on Trading & Demat Account Opening Charges

Comparison of Groww with Marwadi Group on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - Groww offer Free AMC for Demat account where Marwadi Group charges Rs 250 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Groww with Marwadi Group
Charges Groww Marwadi Group
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Free Rs 250 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Groww vs Marwadi Group on Plan Options

Plans are the most important feature you look when compare Groww with Marwadi Group. This section compare on high level about type of plans offered by brokers. Multiple Plans - Both the brokers don't have Multiple Plans, brokers offer only single plan.. Monthly Plans - Both the brokers don't have Monthly Plans.

Compare Groww with Marwadi Group on Plan Options
Plan Types Groww Marwadi Group
Multiple Plans No No
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Zerodha Zerodha
Account Opening Request
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Brokerage Charges

Compare Groww vs Marwadi Group on Brokerage Charges

Groww Brokerage Plan detail - Flat brokerage plan that charges Rs. 20 per order on trading in intraday segment whereas offers free delivery trading.

Marwadi Group Brokerage Plan detail - This is a standard plan by the Marwadi Group. This is a percentage-based brokerage plan.

Brokerage Charges - Compare Groww with Marwadi Group
Brokerage Charges Compare Groww Marwadi Group
Plan Name Flat Brokerage Plan Basic Trading Plan (Percentage Based)
Equity Delivery 0.05% or Rs 20 whichever is lower 0.30%
Equity Intraday 0.05% or Rs 20 whichever is lower 0.06%
Equity Futures Flat Fee Rs 20 0.02%
Equity Options Flat Fee Rs 20 Rs 100 Per Lot
Currency Futures Not Available 0.02%
Currency Options Not Available Rs 100 Per Lot
Commodity Trading Not Available Rs 100 Per Lot
Minimum Brokerage NIL NIL
Hidden Charges Info Not Available Info Not Available
Funding Info Not Available Info Not Available
Call & Trade Charges Rs 50 Per Executable Order NA
Auto Square off Charges Rs 50 Per Executable Order NA
Brokerage Calculator Brokerage Calculator for Groww Brokerage Calculator for Marwadi Group
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Share Broker's Transaction Charges

Compare Groww vs Marwadi Group on Transaction Charges

Compare Groww with Marwadi Group on transaction charges and PCM fee by segment.

Transaction Charges - Compare Groww with Marwadi Group
Transaction Charges Compare Groww Marwadi Group
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Intraday NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE NSE:200 Per Cr | BSE:FREE
Equity Options NSE:5050 Per Cr | BSE:3700 Per Cr NSE:5050 Per Cr | BSE:3700 Per Cr
Currency Futures NSE:90 Per Cr | BSE:25 Per Cr NSE:90 Per Cr | BSE:25 Per Cr
Currency Options NSE:4000 Per Cr | BSE:100 Per Cr NSE:4000 Per Cr | BSE:100 Per Cr
Commodity NA Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr
Brokerage Charges Complete Brokerage Plans for groww Complete Brokerage Plans for marwadi-group
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Account Features

Compare Groww vs Marwadi Group on Account Features

Compare Groww with Marwadi Group on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - both the brokers offers 2-in-1 account which includes trading and demat account. Algo Trading - Marwadi Group offers Algo Trading where Groww doesn't offers Algo Trading. Margin Funding - Both broker offers a margin funding. Interest need to be paid on borrowed money. NRI Trading - both doesn't offer NRI Trading facility.

Account Features - Groww with Marwadi Group
Account Features Compare Groww Marwadi Group
3 in 1 Account No Groww have 2-in-1 account. Only Demate and Trading account. No Groww have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading No Yes
SMS Alerts No Yes
Online Demo No Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes Yes
Combined Ledger for Equity and Commodity No No
Intraday Square-off Time 3:10 PM 3:15PM
NRI Trading No No
Other Features NIL NIL
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Trading Platform

Compare Groww vs Marwadi Group on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Groww and Marwadi Group. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided links for mobile app to download and demo links for easy access.

Trading Platform - Compare Groww with Marwadi Group
Trading Platform Compare Groww Marwadi Group
Desktop Trading Platform Groww App Marwadi ODIN Diet
Desktop Demo Info Not Available Info Not Available
Desktop Platform (Windows) No Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail Yes https://mtrade.marwadionline.com/html5/
Web Trading Demo Info Not Available Info Not Available
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App Groww App MSFL Connect
Mobile Trading App Demo Info Not Available Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod Groww App Download Andriod MSFL Connect Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS Groww App Download iOS MSFL Connect Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
Trading Software Charges Free Info Not Available
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Groww Equity Intraday and Delivery Brokerage Calculator for Marwadi Group
Futures Brokerage Calculator Futures Brokerage Calculator for Groww Futures Brokerage Calculator for Marwadi Group
Options Brokerage Calculator Options Brokerage Calculator for Groww Options Brokerage Calculator for Marwadi Group
Detail Detail on Trading Platforms for groww Detail on Trading Platforms for marwadi-group

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Broker Ratings by Users

Compare Groww vs Marwadi Group on User Rating

  Groww Marwadi Group
  7 Customer Reviews    Rate Groww 3 Customer Reviews    Rate Marwadi Group
Fees Ratings 4.4 2.7
Trading Brokerage Rating 3.7 2.3
Trading Platform Usability 4.1 2.0
Customer Service Ratings 3.3 2.3
Overall Ratings 4.1 2.7
Broker Rating Groww is Rated 4.1 / 5 based on 7 customer reviews Marwadi Group is Rated 2.7 / 5 based on 3 customer reviews
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Investment Offerings

Compare Groww vs Marwadi Group on Investment Offerings

Compare Groww with Marwadi Group on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - Both broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Marwadi Group offers trading options in Commodity (MCX) where Groww doesn't offer. Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - both the brokers don't have PMS Service.

Investment Offerings - Compare Groww with Marwadi Group
Investment Offerings Compare Groww Marwadi Group
Equity Cash and F&O Yes Yes
Currency Deravitives No Yes
Commodity No Yes
Online IPO Application Yes No
Mutual Funds Yes Yes
Bond / NCD No Yes
ETF Yes Yes
Banking No No
Insurance No Yes
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment No No
PMS Service No No
Other Investment Options NIL Life & General Insurance
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Order Types

Compare Groww vs Marwadi Group on Order Types

Order Type - Compare Groww with Marwadi Group on offerings of order types. All the brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order type like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - Both broker don't have Cover Orders (CO).Cover Orders (CO) is placed an compulsory stop loss and this is a intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Both broker don't have Bracket Orders (BO).With the name its cleare in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- Marwadi Group offers After market orders where Groww doesn't offers AMO. GTC Orders- Both broker doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare Groww with Marwadi Group
Order Type Compare Groww Marwadi Group
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order No No
Bracket order No No
AMO-After Market Orders No Yes
GTC-Good Till Cancelled No No
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Customer Service Offered

Compare Groww vs Marwadi Group on Customer Service

Compare Groww with Marwadi Group on customer service offered by the broker. This section compares types of service offered by each broker for a quick resolution for query/issue you have.

Customer Support - Compare Groww with Marwadi Group
Customer Service Compare Groww Marwadi Group
24/7 Customer Service Groww vs Marwadi Group - 24x7 customer support No No
Email Support Groww vs Marwadi Group - Email Support Yes Yes
Onine Live Chat Groww vs Marwadi Group - Onine Live Chat Yes No
Phone Support Groww vs Marwadi Group - Phone Support Yes Yes
Toll Free Number Groww vs Marwadi Group - Toll Free Number No No
Through Branches Groww vs Marwadi Group - Through Branches No Yes
Customer Care Number Groww vs Marwadi Group - Customer Care Number 9108800604 +91-281-6192000/+91-281-7174000
Account Opening Process Groww vs Marwadi Group - Account Opening Process Online Info Not Available
Customer Support Email Groww vs Marwadi Group - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Groww vs Marwadi Group - Knowledge Center/Education https://groww.in/academy https://www.marwadionline.com/blog/
Head Office Address Groww vs Marwadi Group - Head Office Address/Corporate Address Groww Head Office
1st Floor, Proms Complex, SBI Colony,
1 A Koramangala, 560034
Info Not Available
Website Groww vs Marwadi Group - Company Website https://groww.in/ https://www.marwadionline.com/
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Tips/Research/Reports Published

Compare Groww vs Marwadi Group on Research Reports, Tips

Compare Groww with Marwadi Group on research reports and tips provided by the broker.

Research Reports - Compare Groww with Marwadi Group
  Groww Marwadi Group
Research Mutual Funds Groww vs Marwadi Group - Research Mutual Funds No Yes
Research Equity Reports Groww vs Marwadi Group - Research Equity Reports No Yes
Research ETF Groww vs Marwadi Group - Research ETF No Yes
Daily Market Report Groww vs Marwadi Group - Daily Market Report No Yes
Free Tips Groww vs Marwadi Group - Free Tips No Yes
Quarterly Result Analysis Groww vs Marwadi Group - Quarterly Results No Yes
News Alerts Groww vs Marwadi Group - No Yes
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Demat Account

Compare Groww vs Marwadi Group on Demat Account

Compare Groww with Marwadi Group on Demat Service and Charges. When compare Broker A with Broker B on Dmeat account, we mainly focus on two points - Demat AMC and Debit Transaction Charges.

Demat AMC are the charges which one need to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is your recurring cost, so one should consider this cost when opening Demat account.

Demat AMC for Marwadi Group is ₹250 pa where for Groww is Zero.

Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading – when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay.

Transaction charges on debit of ISIN for Groww is ₹8 + ₹5.50 CDSL charges where for Marwadi Group is ₹25.You can see this charges on debit of Equity/Mutual Funds from your demat account.

This section covers about demat charges, demat service and other details

Demat Charges - Compare Groww with Marwadi Group
  Groww Marwadi Group
DP Source CDSL CDSL
DP ID Groww vs Marwadi Group - DP ID No No
Demat Account Annual Maintenance Charges(AMC) Zero ₹250 pa
Advance Deposit Nil NA-NA-NA-NA-NA-NA-NA-2250#-3600#-NA-NA-NA-2250#-2250#-NA-NA
Statutory charges Legal Charges Nil
Transaction Charges on Debit (Per ISIN) ₹8 + ₹5.50 CDSL charges ₹25
Demat ₹150 per certificate + courier charges ₹3 per certificate
Remat ₹150 per certificate + courier charges ₹25 per certificate
Pledge Creation ₹20 + Rs. 12 per request (CDSL Charges) ₹50
Pledge Creation Confirmation ₹20 + Rs. 12 per request (CDSL Charges) Nil
Pledge Closure ₹20 + Rs. 12 per request (CDSL Charges) ₹20
Pledge Closure Confirmation ₹20 + Rs. 12 per request (CDSL Charges) Nil
Pledge Invocation ₹20 + Rs. 12 per request (CDSL Charges) ₹25
Failed Instruction Charges ₹50 ₹15
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare Groww vs Marwadi Group on Special Offers and Promotion

Compare Groww with Marwadi Group on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.

Compare Groww vs Marwadi Group on Special Offers and Promotion
  Groww Marwadi Group
Pay In and Pay Out Options Groww vs Marwadi Group - Pay In and Pay Out Options pay-in/adding funds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from Goww
Pay-out/Fund Withdrawal - Bank Transfer only
Info Not Available
Payout Time Groww vs Marwadi Group - Payout Time Max 24 hrs except bank holidays Info Not Available
Bank Supported and Charges Groww vs Marwadi Group - Bank Supported and Charges Around 25 banks allow instant credit facility with charges of Rs 9 from Groww trading platform. Info Not Available
Bank Detail Info Not Available Info Not Available
Likes
  • Trade or invest in equity, F&O, mutual funds, IPO, US Stocks
  • Rs 0 account opening fee with no AMC
  • Best UI Interface-enabled app and website
  • Equity and F&O trading at Rs 20 maximum brokerage
  • No cost investment in direct mutual funds.
  • TradingView charts and wide range of technical indicators
  • Advance orders like GTT, Target order, and Basket order
  • Get instant and flexible loans on Groww
  • Get the latest trending news and updates on the Groww Digest

Detail Review...

  • Trade on BSE, NSE, and MCX.
  • Zero account opening fees.
  • Invest in IPO, mutual funds, insurance, and smartcase portfolios.
  • User-friendly trading platforms.
  • Get best-in-class in-depth research insights for all segments.
  • Margin trading facility.

Detail Review...

Dislikes
  • Does not offer commodity and currency trading
  • No desktop trading terminal
  • Bracket order and cover order are not available
  • No intraday trading tips and stock research reports
  • NRIs cannot open an account in Groww

Detail Review...

  • Non-transparent brokerage charges.
  • Minimum brokerage fee of Rs 20 to Rs 25 per trade, when the trade value is low.
  • Major presence in the Gujarat state only.

Detail Review...

Special Offers/Promo
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Last Updated on 2024-01-05T04:04:35+00:00