FREE Account Opening + Zero AMC Fees* + MutualFund SIP1
Loading...

Alice Blue Vs Groww: Which one is better?

Both the brokers are registered with SEBI. Alice Blue offers investmenet in Equity, F&O, Currency and Commodities, where Groww offers investment in Equity, F&O and Currency only. The brokerage of Alice Blue Max Rs 15 per trade while the brokerage of Groww Max Rs 20 per trade. Both the brokers are Discount Brokers. Overall rating for both the brokers are also equal with rating 4 out of 5. Number of active customer for Groww is 91,85,024 where number of active customer for Alice Blue is 1,63,460. Groww is serving more customer compare to Alice Blue.

Here we present side-by-side comparison of Alice Blue vs Groww share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared Alice Blue vs Groww'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 Alice Blue vs Groww share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared Alice Blue vs Groww'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 Alice Blue vs Groww on Service

  Alice Blue Compare
Alice Blue
Groww Compare
Groww
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Discount Broker Discount Broker
Exchanges Supported What is this parameter? BSE, NSE, MCX, NCDEX NSE, BSE
Active Clients 1,63,460 91,85,024
Broker Overview Trade smarter with Alice Blue! Yes, its Rs 15 maximum brokerage, free equity and mutual fund investment, top-rated ANT trading platforms, and plethora of learning resources make it an excellent broker for beginners and seasoned traders. 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
Broker Enquiry Request call back from Alice Blue Request call back from Zerodha
Expand

Account Opening Charges and AMC

Compare Alice Blue vs Groww on Trading & Demat Account Opening Charges

Comparison of Alice Blue with Groww 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 Alice Blue charges Rs 400 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Alice Blue with Groww
Charges Alice Blue Groww
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 400 PA Free
Provide DP Service Yes Yes
Expand

About Brokerage Plans

Compare Alice Blue vs Groww on Plan Options

Plans are the most important feature you look when compare Alice Blue with Groww. This section compare on high level about type of plans offered by brokers. Multiple Plans - Alice Blue provide Multiple Plans where Groww doesn't offer. Monthly Plans - Both the brokers don't have Monthly Plans.

Compare Alice Blue with Groww on Plan Options
Plan Types Alice Blue Groww
Multiple Plans Yes No
Monthly Plans No No
Yearly Plans No No
Expand

Account Opening Request

Account Opening

  Alice Blue Zerodha
Account Opening Request
Expand

Brokerage Charges

Compare Alice Blue vs Groww on Brokerage Charges

Alice Blue Brokerage Plan detail - Lowest Brokerage Plan - Max Rs 15 per Trade for Equity Intraday, Derivatives, Currency and Commodities. From May 2021, the F20 plan becomes the F15 plan.

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

Brokerage Charges - Compare Alice Blue with Groww
Brokerage Charges Compare Alice Blue Groww
Plan Name F15 Plan Flat Brokerage Plan
Equity Delivery Free 0.05% or Rs 20 whichever is lower
Equity Intraday 0.05% or Rs 15 whichever is lower 0.05% or Rs 20 whichever is lower
Equity Futures 0.05% or Rs 15 whichever is lower Flat Fee Rs 20
Equity Options Flat Fee Rs 15 Flat Fee Rs 20
Currency Futures 0.05% or Rs 15 whichever is lower Not Available
Currency Options Flat Fee Rs 15 Not Available
Commodity Trading Flat Fee Rs 15 Not Available
Minimum Brokerage NA NIL
Hidden Charges No Info Not Available
Funding Yes - 24% interest PA Info Not Available
Call & Trade Charges Rs 50 per order + GST Rs 50 Per Executable Order
Auto Square off Charges Rs 50 per order + GST Rs 50 Per Executable Order
Brokerage Calculator Brokerage Calculator for Alice Blue Brokerage Calculator for Groww
Expand

Share Broker's Transaction Charges

Compare Alice Blue vs Groww on Transaction Charges

Compare Alice Blue with Groww on transaction charges and PCM fee by segment.

Transaction Charges - Compare Alice Blue with Groww
Transaction Charges Compare Alice Blue Groww
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 Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr NA
Brokerage Charges Complete Brokerage Plans for alice-blue Complete Brokerage Plans for groww
Expand

Account Features

Compare Alice Blue vs Groww on Account Features

Compare Alice Blue with Groww 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 - Alice Blue offers Algo Trading where Groww doesn't offers Algo Trading. Margin Funding - Groww offers a margin funding where Alice Blue doesn't offers margin funding. NRI Trading - Alice Blue offers NRI where Groww doesn't offers NRI Trading.

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

Trading Platform

Compare Alice Blue vs Groww on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Alice Blue and Groww. 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 Alice Blue with Groww
Trading Platform Compare Alice Blue Groww
Desktop Trading Platform ANT - Analyse and Trade Groww App
Desktop Demo Info Not Available Info Not Available
Desktop Platform (Windows) Yes No
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail Yes
Web Trading Demo Info Not Available Info Not Available
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App ANT Mobile Groww App
Mobile Trading App Demo ANT Mobile Demo Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod ANT Mobile Download Andriod Groww App Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS ANT Mobile Download iOS Groww App Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
Trading Software Charges Free Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Alice Blue Equity Intraday and Delivery Brokerage Calculator for Groww
Futures Brokerage Calculator Futures Brokerage Calculator for Alice Blue Futures Brokerage Calculator for Groww
Options Brokerage Calculator Options Brokerage Calculator for Alice Blue Options Brokerage Calculator for Groww
Detail Detail on Trading Platforms for alice-blue Detail on Trading Platforms for groww

Expand

Broker Ratings by Users

Compare Alice Blue vs Groww on User Rating

  Alice Blue Groww
  8 Customer Reviews    Rate Alice Blue 7 Customer Reviews    Rate Groww
Fees Ratings 2.6 4.4
Trading Brokerage Rating 3.4 3.7
Trading Platform Usability 2.4 4.1
Customer Service Ratings 2.6 3.3
Overall Ratings 2.1 4.1
Broker Rating Alice Blue is Rated 2.1 / 5 based on 8 customer reviews Groww is Rated 4.1 / 5 based on 7 customer reviews
Expand

Investment Offerings

Compare Alice Blue vs Groww on Investment Offerings

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

Order Types

Compare Alice Blue vs Groww on Order Types

Order Type - Compare Alice Blue with Groww 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) - Alice Blue provide Cover Orders (CO) where Groww doesn't offer.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) - Alice Blue provide Bracket Orders (BO) where Groww doesn't offer.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)- Alice Blue 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 Alice Blue with Groww
Order Type Compare Alice Blue Groww
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes No
Bracket order Yes No
AMO-After Market Orders Yes No
GTC-Good Till Cancelled No No
Expand

Customer Service Offered

Compare Alice Blue vs Groww on Customer Service

Compare Alice Blue with Groww 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 Alice Blue with Groww
Customer Service Compare Alice Blue Groww
24/7 Customer Service Alice Blue vs Groww - 24x7 customer support No No
Email Support Alice Blue vs Groww - Email Support No Yes
Onine Live Chat Alice Blue vs Groww - Onine Live Chat Yes Yes
Phone Support Alice Blue vs Groww - Phone Support Yes Yes
Toll Free Number Alice Blue vs Groww - Toll Free Number No No
Through Branches Alice Blue vs Groww - Through Branches Yes No
Customer Care Number Alice Blue vs Groww - Customer Care Number 08035215000/080-45490850 9108800604
Account Opening Process Alice Blue vs Groww - Account Opening Process Online/Paperless Online
Customer Support Email Alice Blue vs Groww - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Alice Blue vs Groww - Knowledge Center/Education https://tradeschool.aliceblueonline.com/ https://groww.in/academy
Head Office Address Alice Blue vs Groww - Head Office Address/Corporate Address Alice Blue,
No. 153/2,
3rd Floor,M.R.B.Arcade,
Bagalur Main Road,
Dwaraka Nagar,
Yelahanka,
Bangalore - 560063
Groww Head Office
1st Floor, Proms Complex, SBI Colony,
1 A Koramangala, 560034
Website Alice Blue vs Groww - Company Website https://www.aliceblueonline.com https://groww.in/
Expand

Tips/Research/Reports Published

Compare Alice Blue vs Groww on Research Reports, Tips

Compare Alice Blue with Groww on research reports and tips provided by the broker.

Research Reports - Compare Alice Blue with Groww
  Alice Blue Groww
Research Mutual Funds Alice Blue vs Groww - Research Mutual Funds No No
Research Equity Reports Alice Blue vs Groww - Research Equity Reports No No
Research ETF Alice Blue vs Groww - Research ETF No No
Daily Market Report Alice Blue vs Groww - Daily Market Report Yes No
Free Tips Alice Blue vs Groww - Free Tips No No
Quarterly Result Analysis Alice Blue vs Groww - Quarterly Results No No
News Alerts Alice Blue vs Groww - No No
Expand

Demat Account

Compare Alice Blue vs Groww on Demat Account

Compare Alice Blue with Groww 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 Groww is Zero where for Alice Blue is ₹400 pa.

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 Alice Blue is 0.04% of the value of the transaction where for Groww is ₹8 + ₹5.50 CDSL charges.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 Alice Blue with Groww
  Alice Blue Groww
DP Source CDSL CDSL
DP ID Alice Blue vs Groww - DP ID 83500 No
Demat Account Annual Maintenance Charges(AMC) ₹400 pa Zero
Advance Deposit Rs 0 Nil
Statutory charges Rs 150 Stamp Charges Legal Charges
Transaction Charges on Debit (Per ISIN) 0.04% of the value of the transaction ₹8 + ₹5.50 CDSL charges
Demat ₹10 per certificate + ₹50 courier charges ₹150 per certificate + courier charges
Remat ₹30 per certificate + CDSL charges ₹150 per certificate + courier charges
Pledge Creation ₹20 + CDSL charges ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Creation Confirmation Nil ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Closure ₹20 + CDSL charges ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Closure Confirmation Nil ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Invocation ₹20 + CDSL charges ₹20 + Rs. 12 per request (CDSL Charges)
Failed Instruction Charges Nil ₹50
Other Charges Nil Nil
Expand

Special Offers,Advantages,Disadvantages

Compare Alice Blue vs Groww on Special Offers and Promotion

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

Compare Alice Blue vs Groww on Special Offers and Promotion
  Alice Blue Groww
Pay In and Pay Out Options Alice Blue vs Groww - Pay In and Pay Out Options Pay-in/adding funds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from Alice Blue Mobile, ANT Desk and ANY Web application.
Pay-out/Fund Withdrawal - Bank Transfer only
pay-in/adding funds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from Goww
Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time Alice Blue vs Groww - Payout Time Upto 24 Hrs except Bank Holidays. Max 24 hrs except bank holidays
Bank Supported and Charges Alice Blue vs Groww - Bank Supported and Charges Around 21 banks allow instant credit facility(Payment Gateway) with charges of Rs 9+GST from Alice Blue trading platforms. Around 25 banks allow instant credit facility with charges of Rs 9 from Groww trading platform.
Bank Detail Aliceblue Financial Services,
Account Number:ABFNSEXXXXXXXX
Bank and Branch: HDFC Bank,Sathy Road,Erode
Account Type: Current Account
IFSC Code: HDFC0000232
Info Not Available
Likes
  • Trade on NSE, BSE, and MCX
  • No brokerage on equity, IPO, and mutual funds
  • Zero account opening charges
  • Pay Rs 15/order brokerage
  • Free Inuvest Advisory services and trading insights across segments
  • TradingView charts, lots of technical indicators, stock and F&O screeners.
  • Stock SIP in equity
  • Great technology platforms for trading and investment
  • Free access to ANT API
  • Strong PAN India Presence
  • Dedicated mutual fund investment app
  • TradeSchool (Web and app) a free stock market education platform
  • Place bracket order, cover order, and basket order.
  • Margin Trading facility (MTF)

Detail Review...

  • 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...

Dislikes
  • No NRI Trading
  • No zero brokerage unlimited trading plan
  • No installable trading terminal
  • Alice blue mutual fund app (Rise) is not available on App store.
  • No GTT Order
  • Sometimes, its platform experienced technical glitches.

Detail Review...

  • 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...

Special Offers/Promo
Enquiry Open Alice Blue Account Now>> Open Zerodha Account Now>>

Last Updated on 2024-01-12T04:48:54+00:00