FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
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
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.
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.
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 |
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.
Plan Types | Alice Blue | Groww |
---|---|---|
Multiple Plans | ||
Monthly Plans | ||
Yearly Plans |
Alice Blue | Zerodha | |
---|---|---|
Account Opening Request |
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 | 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 |
Compare Alice Blue with Groww on transaction charges and PCM fee by segment.
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 |
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 Compare | Alice Blue | Groww |
---|---|---|
3 in 1 Account | ||
Charting | ||
Algo Trading | ||
SMS Alerts | ||
Online Demo | ||
Online Portfolio | ||
Margin Trading Funding Available | ||
Combined Ledger for Equity and Commodity | ||
Intraday Square-off Time | 3:15 PM | 3:10 PM |
NRI Trading | ||
Other Features | NIL | NIL |
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 | Groww |
---|---|---|
Desktop Trading Platform | ANT - Analyse and Trade | Groww App |
Desktop Demo | Info Not Available | Info Not Available |
Desktop Platform (Windows) | ||
Desktop Platform (Mac) | ||
Web Trading Platform | ||
Web Trading Detail | Yes | |
Web Trading Demo | Info Not Available | Info Not Available |
Mobile Site | ||
Mobile Trading | ||
Mobile Trading App | ANT Mobile | Groww App |
Mobile Trading App Demo | ANT Mobile Demo | Info Not Available |
Android Mobile App | ||
Android App Download | Andriod ANT Mobile Download | Andriod Groww App Download |
iPhone Mobile App (IOS) | ||
iOS App Download | iOS ANT Mobile Download | iOS Groww App Download |
Android Tablet App | ||
iPad App (IOS) | ||
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 |
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 | Groww |
---|---|---|
Equity Cash and F&O | ||
Currency Deravitives | ||
Commodity | ||
Online IPO Application | ||
Mutual Funds | ||
Bond / NCD | ||
ETF | ||
Banking | ||
Insurance | ||
Forex | ||
MF SIP Investment | ||
Equity SIP Investment | ||
PMS Service | ||
Other Investment Options | NIL | NIL |
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 Type Compare | Alice Blue | Groww |
---|---|---|
CNC order | ||
MIS order | ||
NRML order | ||
Cover order | ||
Bracket order | ||
AMO-After Market Orders | ||
GTC-Good Till Cancelled |
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 Service Compare | Alice Blue | Groww |
---|---|---|
24/7 Customer Service | ||
Email Support | ||
Onine Live Chat | ||
Phone Support | ||
Toll Free Number | ||
Through Branches | ||
Customer Care Number | 08035215000/080-45490850 | 9108800604 |
Account Opening Process | Online/Paperless | Online |
Customer Support Email | [email protected] | [email protected] |
Knowledge Center/Education | https://tradeschool.aliceblueonline.com/ | https://groww.in/academy |
Head Office 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 | https://www.aliceblueonline.com | https://groww.in/ |
Compare Alice Blue with Groww on research reports and tips provided by the broker.
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
Compare Alice Blue with Groww on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.
Alice Blue | 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 | Upto 24 Hrs except Bank Holidays. | Max 24 hrs except bank holidays |
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 |
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Special Offers/Promo | ||
Enquiry | Open Alice Blue Account Now>> | Open Zerodha Account Now>> |
Last Updated on 2024-01-12T04:48:54+00:00