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Finvasia Vs Groww: Which one is better?

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

  • 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 Finvasia vs Groww on Service

  Finvasia Compare
Finvasia
Groww Compare
Groww
Overall Rating Rated 4 stars Rated 4 stars
Brokerage Charges Rated 5 stars Rated 4.5 stars
Trading Platform Rated 4 stars Rated 4 stars
Investments Offering Rated 4 stars Rated 4 stars
Customer Service Rated 3 stars Rated 4 stars
Broker Type What is this parameter? Discount Broker Discount Broker
Exchanges Supported What is this parameter? BSE, NSE, MCX, NCDEX NSE, BSE
Active Clients 43,174 51,65,760
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... Know more about Finvasia 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...Know more about Groww
Broker Enquiry Request call back from Zerodha Request call back from Zerodha
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Account Opening Charges and AMC

Compare Finvasia vs Groww on Trading & Demat Account Opening Charges

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 & Demat Account Opening Charges - Compare Finvasia with Groww
Charges Finvasia Groww
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Free Free
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Finvasia vs Groww on Plan Options

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.

Compare Finvasia with Groww on Plan Options
Plan Types Finvasia Groww
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 Finvasia vs Groww on Brokerage Charges

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 with Groww
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
Minimum Brokerage NA NIL
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
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Share Broker's Transaction Charges

Compare Finvasia vs Groww on Transaction Charges

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

Transaction Charges - Compare Finvasia with Groww
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
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Account Features

Compare Finvasia vs Groww on Account Features

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 - Finvasia with Groww
Account Features Compare Finvasia Groww
3 in 1 Account No Finvasia have 2-in-1 account. Only Demate and Trading account. No Finvasia have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading Yes No
SMS Alerts No No
Online Demo Yes No
Online Portfolio Yes 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
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Trading Platform

Compare Finvasia vs Groww on Trading Platform

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 with Groww
Trading Platform Compare Finvasia Groww
Desktop Trading Platform OMNESYS NEST
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 https://trade.finvasia.com/ Yes
Web Trading Demo Info Not Available Info Not Available
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App SCALPERT Yes
Mobile Trading App Demo SCALPERT Demo Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod SCALPERT Download Andriod Yes Download
iPhone Mobile App (IOS) No Yes
iOS App Download Info Not Available iOS Yes Download
Android Tablet App Yes Yes
iPad App (IOS) No Yes
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

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Broker Ratings by Users

Compare Finvasia vs Groww on User Rating

  Finvasia Groww
  14 Customer Reviews    Rate Finvasia 6 Customer Reviews    Rate Groww
Fees Ratings 4.2 4.3
Trading Brokerage Rating 4.6 4.0
Trading Platform Usability 4.1 4.3
Customer Service Ratings 3.6 3.5
Overall Ratings Rated 4.4 stars Rated 4.5 stars
Broker Rating Finvasia is Rated 4.4 / 5 based on 14 customer reviews Groww is Rated 4.5 / 5 based on 6 customer reviews
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Investment Offerings

Compare Finvasia vs Groww on Investment Offerings

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 with Groww
Investment Offerings Compare Finvasia Groww
Equity Cash and F&O Yes Yes
Currency Deravitives Yes No
Commodity Yes No
Online IPO Application Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes 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
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Order Types

Compare Finvasia vs Groww on Order Types

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 Types - Compare Finvasia with Groww
Order Type Compare Finvasia 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
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Customer Service Offered

Compare Finvasia vs Groww on Customer Service

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 Support - Compare Finvasia with Groww
Customer Service Compare Finvasia Groww
24/7 Customer Service Finvasia vs Groww - 24x7 customer support No No
Email Support Finvasia vs Groww - Email Support Yes Yes
Onine Live Chat Finvasia vs Groww - Onine Live Chat Yes Yes
Phone Support Finvasia vs Groww - Phone Support Yes Yes
Toll Free Number Finvasia vs Groww - Toll Free Number No No
Through Branches Finvasia vs Groww - Through Branches No No
Customer Care Number Finvasia vs Groww - Customer Care Number Support: +91 9779 097 777/Sales: +91 9098 001 001 9108800604
Account Opening Process Finvasia vs Groww - Account Opening Process Online/Paperless Online
Customer Support Email Finvasia vs Groww - Customer Support Email [email protected]/[email protected] [email protected]
Knowledge Center/Education Finvasia vs Groww - Knowledge Center/Education https://finvasia.com/announcements https://groww.in/academy
Head Office Address Finvasia vs Groww - Head Office Address/Corporate Address Finvasia Securities Pvt Ltd
Plot #10,
Netsmatrz House (Level 3),
Rajiv Gandhi Chd. Tech Park,
Chandigarh -160101
Groww Head Office
1st Floor, Proms Complex, SBI Colony,
1 A Koramangala, 560034
Website Finvasia vs Groww - Company Website https://www.finvasia.com/ https://groww.in/
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Tips/Research/Reports Published

Compare Finvasia vs Groww on Research Reports, Tips

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

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

Compare Finvasia vs Groww on Demat Account

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 – 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 Charges - Compare Finvasia with Groww
  Finvasia Groww
DP Source CDSL CDSL
DP ID Finvasia vs Groww - DP ID 84300 No
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
Other Charges Nil Nil

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Special Offers,Advantages,Disadvantages

Compare Finvasia vs Groww on Special Offers and Promotion

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

Compare Finvasia vs Groww on Special Offers and Promotion
  Finvasia Groww
Pay In and Pay Out Options Finvasia vs Groww - 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 Finvasia vs Groww - Payout Time Up to 24 hrs except for bank holidays. Max 24 hrs except bank holidays
Bank Supported and Charges Finvasia vs Groww - 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,
Account Number:08730340000255
Bank and Branch: Plot no.28, Phase 1, Industrial Area, Chandigarh
Account Type: Current Account
IFSC Code:HDFC0000873
Info Not Available
Likes

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;

  • Zero account opening fees.
  • Commission or Brokerage-free trading across all segments.
  • Free and easy-to-use platforms; Shoonya web, app, and exe desktop software.
  • Free of cost Shoonya Developer API.
  • Start algo trading with HFT Algo.
  • Invest in IPO, bonds, and direct mutual funds.
  • Finvasia allows BTST (Buy Today, Sell Tomorrow) facility.
  • Place advanced orders like bracket order (BO), cover order (CO), and after market order (AMO).
  • GTT (Good Till Triggered order) is available across all segments with 1 year validity.
  • Zero call & trade charges.
  • No annual maintenance fee.
  • Zero hidden charges.
  • Lowest DP Charges.

Detail Review...

Despite brokerage-free mutual fund investment and flat brokerage trading, Groww offers many trading advantages (Pros) pointed as follows;

  • Pay Rs. 20 flat brokerage charges.
  • Zero account opening fees on Groww Trading & Demat Account.
  • Zero Demat account maintenance charges.
  • Free direct mutual fund investment at nil brokerage and get an extra upto 1.5% return.
  • Easy-to-use, safe, and reliable Groww App and Web platform.
  • Apply for IPO online via UPI.
  • Invest in digital gold, US stocks, US ETFs, and FDs.
  • Get the latest trending news and updates on the Groww Digest.
  • Groww Academy is a 100% free learning platform for beginners.
  • Zero fixed charges.
  • Zero hidden charges.

Detail Review...

Dislikes

Despite no brokerage charges levied, there are some concerns, cons, or disadvantages of trading with Finvasia, here are the points;

  • Does not provide margin funding.
  • You cannot open a 3-in-1 account with Finvasia.
  • Finvasia is an online discount broker and does not have any physical branches.
  • It does not provide intraday trading tips, investment ideas, and research
  • No dedicated relationship manager.

Detail Review...

Limited trading product availability is a key limitation or drawback of trading with Groww. Check out the list of Groww Trading cons as follows;

  • Groww does not offer commodity and currency trading.
  • Groww does not provide research, trading tips, and recommendations.
  • NRIs cannot open Groww account.
  • Advanced orders like Bracket order, Cover order, GTT, and AMO order is unavailable.
  • Delivery trading is not free.
  • No call & trade facility.
  • No margin trading.

Detail Review...

Special Offers/Promo Free Account Opening+Free Demat AMC+Free Trading.
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Last Updated on 2022-09-19T09:03:22+00:00