Both the brokers are registered with SEBI. Finvasia offers investmenet in Equity, F&O, Currency and Commodities, where Groww offers investment in Equity, F&O and Currency only. The brokerage of Finvasia Max Rs 0 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 51,65,760 where number of active customer for Finvasia is 43,174. Groww is serving more customer compare to Finvasia.
Here we present side-by-side comparison of Finvasia 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 Finvasia 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 Finvasia 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 Finvasia 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.
|Broker Type||Discount Broker||Discount Broker|
|Exchanges Supported||BSE, NSE, MCX, NCDEX||NSE, BSE|
|Broker Overview||Finvasia is India’s first discount brokerage house offering zero brokerage online trading account, zero lifetime Demat AMC, and online trading in stocks, derivatives, commodities, and currencies at absolutely NIL brokerage on the feature-rich S...||Groww is the top broker for beginners with a crystal clear user interface-enabled safe & secure Groww App & a web-based platform to invest in direct mutual funds for free and trade-in equity & derivatives segment at Rs. 20/order flat brok...|
Comparison of Finvasia with Groww on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - Both broker don't charge any AMC for Demat Account.
|Trading Account Opening Fees||Free||Free|
|Demat Account Opening Fees||Free||Free|
|Provide DP Service|
Plans are the most important feature you look when compare Finvasia with Groww. 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.
|Account Opening Request|
Finvasia Brokerage Plan detail - Free Trading - Zero Brokerage Plan: Finvasia allows customers to trade in different segments at free of cost.
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||Finvasia||Groww|
|Plan Name||Zero Brokerage Trading Plan||Flat Brokerage Plan|
|Equity Delivery||Rs 0||0.05% or Rs 20 whichever is lower|
|Equity Intraday||Rs 0||0.05% or Rs 20 whichever is lower|
|Equity Futures||Rs 0||Flat Fee Rs 20|
|Equity Options||Rs 0||Flat Fee Rs 20|
|Currency Futures||Rs 0||Not Available|
|Currency Options||Rs 0||Not Available|
|Commodity Trading||Rs 0||Not Available|
|Hidden Charges||No||Info Not Available|
|Funding||Yes, 24% interest PA||Info Not Available|
|Call & Trade Charges||Free||Rs 50 Per Executable Order|
|Auto Square off Charges||Free||Rs 50 Per Executable Order|
|Brokerage Calculator||Brokerage Calculator for Finvasia||Brokerage Calculator for Groww|
Compare Finvasia with Groww on transaction charges and PCM fee by segment.
|Transaction Charges Compare||Finvasia||Groww|
|Equity Delivery||Rs 325 Per Cr||Rs 325 Per Cr|
|Equity Intraday||Rs 325 Per Cr||Rs 325 Per Cr|
|Equity Futures||Rs 190 Per Cr||Rs 210 Per Cr|
|Equity Options||Rs 5000 Per Cr||Rs 5500 Per Cr|
|Currency Futures||Rs 115 Per Cr||NA|
|Currency Options||Rs 4000 Per Cr||NA|
|Commodity||Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr||NA|
|Brokerage Charges||Complete Brokerage Plans for finvasia||Complete Brokerage Plans for groww|
Compare Finvasia 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 - Finvasia offers Algo Trading where Groww doesn't offers Algo Trading. Margin Funding - Groww offers a margin funding where Finvasia doesn't offers margin funding. NRI Trading - Finvasia offers NRI where Groww doesn't offers NRI Trading.
|Account Features Compare||Finvasia||Groww|
|3 in 1 Account|
|Margin Trading Funding Available|
|Combined Ledger for Equity and Commodity|
|Intraday Square-off Time||3:15 PM||3:10 PM|
With our expert research team, we have compared all the major features of Trading platform b/w Finvasia 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||Finvasia||Groww|
|Desktop Trading Platform||OMNESYS NEST|
|Desktop Demo||Info Not Available||Info Not Available|
|Desktop Platform (Windows)|
|Desktop Platform (Mac)|
|Web Trading Platform|
|Web Trading Detail||https://trade.finvasia.com/||Yes|
|Web Trading Demo||Info Not Available||Info Not Available|
|Mobile Trading App||SCALPERT||Yes|
|Mobile Trading App Demo||SCALPERT Demo||Info Not Available|
|Android Mobile App|
|Android App Download||Andriod SCALPERT Download||Andriod Yes Download|
|iPhone Mobile App (IOS)|
|iOS App Download||Info Not Available||iOS Yes Download|
|Android Tablet App|
|iPad App (IOS)|
|Trading Software Charges||Basic platforms are free, advance platforms are chargeable.||Free|
|Equity Brokerage Calculator||Equity Intraday and Delivery Brokerage Calculator for Finvasia||Equity Intraday and Delivery Brokerage Calculator for Groww|
|Futures Brokerage Calculator||Futures Brokerage Calculator for Finvasia||Futures Brokerage Calculator for Groww|
|Options Brokerage Calculator||Options Brokerage Calculator for Finvasia||Options Brokerage Calculator for Groww|
|Detail||Detail on Trading Platforms for finvasia||Detail on Trading Platforms for groww|
Compare Finvasia 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 - Finvasia 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||Finvasia||Groww|
|Equity Cash and F&O|
|Online IPO Application|
|Bond / NCD|
|MF SIP Investment|
|Equity SIP Investment|
|Other Investment Options||NIL||NIL|
Order Type - Compare Finvasia 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) - Finvasia 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) - Finvasia 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)- Finvasia 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||Finvasia||Groww|
|AMO-After Market Orders|
|GTC-Good Till Cancelled|
Compare Finvasia 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||Finvasia||Groww|
|24/7 Customer Service|
|Onine Live Chat|
|Toll Free Number|
|Customer Care Number||Support: +91 9779 097 777/Sales: +91 9098 001 001||9108800604|
|Account Opening Process||Online/Paperless||Online|
|Customer Support Email||[email protected]/[email protected]||[email protected]|
|Head Office Address||Finvasia Securities Pvt Ltd
Netsmatrz House (Level 3),
Rajiv Gandhi Chd. Tech Park,
|Groww Head Office 1st Floor, Proms Complex, SBI Colony, 1 A Koramangala, 560034|
Compare Finvasia with Groww on research reports and tips provided by the broker.
Compare Finvasia 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 Finvasia is Free where for Groww is Zero. Finvasia is a better choice in terms of Demat AMC compare to Groww.
Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading â€“ 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 Finvasia is ₹9 + ₹5.50 (CDSL Charges) for every 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 Account Annual Maintenance Charges(AMC)||Free||Zero|
|Advance Deposit||Rs 0||Nil|
|Statutory charges||Nil||Legal Charges|
|Transaction Charges on Debit (Per ISIN)||₹9 + ₹5.50 (CDSL Charges) for every transaction||₹8 + ₹5.50 CDSL charges|
|Demat||₹15 per certificate||₹150 per certificate + courier charges|
|Remat||₹15 for every hundred securities + CDSL Charges||₹150 per certificate + courier charges|
|Pledge Creation||₹25 per transaction||₹20 + Rs. 12 per request (CDSL Charges)|
|Pledge Creation Confirmation||NIL||₹20 + Rs. 12 per request (CDSL Charges)|
|Pledge Closure||₹25 per transaction||₹20 + Rs. 12 per request (CDSL Charges)|
|Pledge Closure Confirmation||NIL||₹20 + Rs. 12 per request (CDSL Charges)|
|Pledge Invocation||₹19 per transaction||₹20 + Rs. 12 per request (CDSL Charges)|
|Failed Instruction Charges||₹49||₹50|
Compare Finvasia with Groww on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.
|Pay In and Pay Out Options||Pay-in with cheque, online bank transfer via IMPS, NEFT or RTGS, UPI, Netbanking / Payment Gateway from SCALPERT, NSET, NOW, Fox Trader, BEST Software.
Pay-out / Withdrawal Fund through 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||Up to 24 hrs except for bank holidays.||Max 24 hrs except bank holidays|
|Bank Supported and Charges||Around 20+ banks allow instant credit facility (payment gateway) with charges of Rs 9 + GST from Finvasia trading platforms.||Around 25 banks allow instant credit facility with charges of Rs 9 from Groww trading platform.|
|Bank Detail||FINVASIA SECURITIES PVT LTD,
Bank and Branch: Plot no.28, Phase 1, Industrial Area, Chandigarh
Account Type: Current Account
|Info Not Available|
No-doubt, zero brokerage fees is the most crucial benefit available on trading with Finvasia. Check out the key pros or advantages of opening an account and trading with Finvasia as follows;
Despite brokerage-free mutual fund investment and flat brokerage trading, Groww offers many trading advantages (Pros) pointed as follows;
Despite no brokerage charges levied, there are some concerns, cons, or disadvantages of trading with Finvasia, here are the points;
Limited trading product availability is a key limitation or drawback of trading with Groww. Check out the list of Groww Trading cons as follows;
|Special Offers/Promo||Free Account Opening+Free Demat AMC+Free Trading.|
|Enquiry||Open Zerodha Account Now>>||Open Zerodha Account Now>>|
Last Updated on 2022-09-19T09:03:22+00:00
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