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Geojit Vs Groww: Which one is better?

Both the brokers are registered with SEBI. Geojit offers investmenet in Equity, F&O, Currency and Commodities, where Groww offers investment in Equity, F&O and Currency only. The brokerage of Geojit Max .03 to .3% per trade while the brokerage of Groww ranges between Rs 20. Geojit is a Full Service Broker where Groww is a Discount Broker. Overall rating for both the brokers are equal with rating 4 out of 5. Number of active customer for Groww is 95,38,609 where number of active customer for Geojit is 2,43,714. Groww is serving more customer compare to Geojit.

Here we present side-by-side comparison of Geojit 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 Geojit 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 Geojit 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 Geojit 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 Geojit vs Groww on Service

  Geojit Compare
Geojit
Groww Compare
Groww
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Full Service Broker Discount Broker
Exchanges Supported What is this parameter? BSE, NSE, MCX, NCDEX NSE, BSE
Active Clients 2,43,714 95,38,609
Broker Overview Open a Free Demat Account online with Geojit BNP Paribas today to start online trading on the state-of-the-art trading platforms; SELFIE app, web, and desktop terminal, and also get financial planning, portfolio management services, and get free acce... Know more about Geojit 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 Zerodha Request call back from Zerodha
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Account Opening Charges and AMC

Compare Geojit vs Groww on Trading & Demat Account Opening Charges

Comparison of Geojit 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 Geojit charges Rs 700 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Geojit with Groww
Charges Geojit Groww
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 700 PA Free
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Geojit vs Groww on Plan Options

Plans are the most important feature you look when compare Geojit 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 Geojit with Groww on Plan Options
Plan Types Geojit 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 Geojit vs Groww on Brokerage Charges

Geojit Brokerage Plan detail - This is a standard plan by Geojit This is % based brokerage plan.This is % based brokerage plan. Brokerage is between .03% to .3%, which is 3 paisa to 30 paisa.

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 Geojit with Groww
Brokerage Charges Compare Geojit Groww
Plan Name Online Trading Plan (Percentage Based) Flat Brokerage Plan
Equity Delivery 0.30% or 30 paisa 0.05% or Rs 20 whichever is lower
Equity Intraday 0.03% or 3 paisa 0.05% or Rs 20 whichever is lower
Equity Futures 0.01% Flat Fee Rs 20
Equity Options Rs 50 Per Lot Flat Fee Rs 20
Currency Futures 0.03% or 3 paisa Not Available
Currency Options Rs 50 Per Lot Not Available
Commodity Trading 0.05% (Buy and sell)| Options: Rs. 150/lot| Option Not Available
Minimum Brokerage 1p per share or Rs 20/contract whichever is higher NIL
Hidden Charges Info Not Available Info Not Available
Funding Yes - 20% 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 Geojit Brokerage Calculator for Groww
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Share Broker's Transaction Charges

Compare Geojit vs Groww on Transaction Charges

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

Transaction Charges - Compare Geojit with Groww
Transaction Charges Compare Geojit 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 260 Per Cr | Agri: Rs 175 Per Cr NA
Brokerage Charges Complete Brokerage Plans for geojit Complete Brokerage Plans for groww
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Account Features

Compare Geojit vs Groww on Account Features

Compare Geojit 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 - both doesn't offers Algo trading. Margin Funding - Both broker offers a margin funding. Interest need to be paid on borrowed money. NRI Trading - Geojit offers NRI where Groww doesn't offers NRI Trading.

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

Compare Geojit vs Groww on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Geojit 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 Geojit with Groww
Trading Platform Compare Geojit Groww
Desktop Trading Platform SELFIE Platinum Groww App
Desktop Demo Desktop Demo Info Not Available
Desktop Platform (Windows) Yes No
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://selfie.geojit.net/ Yes
Web Trading Demo Web Trading Demo Info Not Available
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App SELFIE Geojit Groww App
Mobile Trading App Demo SELFIE Geojit Demo Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod SELFIE Geojit Download Andriod Groww App Download
iPhone Mobile App (IOS) No Yes
iOS App Download iOS SELFIE Geojit Download iOS Groww App Download
Android Tablet App Yes Yes
iPad App (IOS) No Yes
Trading Software Charges Free Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Geojit Equity Intraday and Delivery Brokerage Calculator for Groww
Futures Brokerage Calculator Futures Brokerage Calculator for Geojit Futures Brokerage Calculator for Groww
Options Brokerage Calculator Options Brokerage Calculator for Geojit Options Brokerage Calculator for Groww
Detail Detail on Trading Platforms for geojit Detail on Trading Platforms for groww

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Broker Ratings by Users

Compare Geojit vs Groww on User Rating

  Geojit Groww
  79 Customer Reviews    Rate Geojit 7 Customer Reviews    Rate Groww
Fees Ratings 3.6 4.4
Trading Brokerage Rating 3.4 3.7
Trading Platform Usability 3.9 4.1
Customer Service Ratings 3.8 3.3
Overall Ratings 3.7 4.1
Broker Rating Geojit is Rated 3.7 / 5 based on 79 customer reviews Groww is Rated 4.1 / 5 based on 7 customer reviews
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Investment Offerings

Compare Geojit vs Groww on Investment Offerings

Compare Geojit 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 - Geojit 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) - Geojit provide PMS Service where Groww doesn't offer

Investment Offerings - Compare Geojit with Groww
Investment Offerings Compare Geojit 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 Yes No
ETF Yes Yes
Banking No No
Insurance Yes No
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment Yes No
PMS Service Yes No
Other Investment Options Insurance NIL
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Order Types

Compare Geojit vs Groww on Order Types

Order Type - Compare Geojit 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) - 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)- Geojit offers After Market Orders where Groww doesn't offers AMO. GTC Orders- Geojit offers Good Till Cancelled (GTC) orders where Groww doesn't support Good Till Cancelled (GTC) orders.

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

Compare Geojit vs Groww on Customer Service

Compare Geojit 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 Geojit with Groww
Customer Service Compare Geojit Groww
24/7 Customer Service Geojit vs Groww - 24x7 customer support No No
Email Support Geojit vs Groww - Email Support Yes Yes
Onine Live Chat Geojit vs Groww - Onine Live Chat No Yes
Phone Support Geojit vs Groww - Phone Support Yes Yes
Toll Free Number Geojit vs Groww - Toll Free Number Yes No
Through Branches Geojit vs Groww - Through Branches Yes No
Customer Care Number Geojit vs Groww - Customer Care Number 1800-425-5501/1800-103-5501/91-484-2405822 9108800604
Account Opening Process Geojit vs Groww - Account Opening Process Offline Online
Customer Support Email Geojit vs Groww - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Geojit vs Groww - Knowledge Center/Education https://insights.geojit.com/ https://groww.in/academy
Head Office Address Geojit vs Groww - Head Office Address/Corporate Address Geojit Financial Services Ltd.
34/659-P,
Civil Line Road Padivattom,
Kochi 682024
Groww Head Office
1st Floor, Proms Complex, SBI Colony,
1 A Koramangala, 560034
Website Geojit vs Groww - Company Website https://www.geojit.com/ https://groww.in/
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Tips/Research/Reports Published

Compare Geojit vs Groww on Research Reports, Tips

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

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

Compare Geojit vs Groww on Demat Account

Compare Geojit 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 Geojit is ₹600 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 Geojit is 0.02% of transaction value (Max ₹40) + CDSL charges 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 Geojit with Groww
  Geojit Groww
DP Source CDSL CDSL
DP ID Geojit vs Groww - DP ID 48900 No
Demat Account Annual Maintenance Charges(AMC) ₹600 pa Zero
Advance Deposit NIL Nil
Statutory charges Nil Legal Charges
Transaction Charges on Debit (Per ISIN) 0.02% of transaction value (Max ₹40) + CDSL charges ₹8 + ₹5.50 CDSL charges
Demat ₹100 per demat request max 5 + ₹20 each additional certificate ₹150 per certificate + courier charges
Remat ₹10 per certificate or ₹10 per certificate which ever is higher + ₹35 courier charges ₹150 per certificate + courier charges
Pledge Creation ₹50 per transaction ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Creation Confirmation Nil ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Closure Nil ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Closure Confirmation Nil ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Invocation ₹50 per transaction ₹20 + Rs. 12 per request (CDSL Charges)
Failed Instruction Charges Nil ₹50
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare Geojit vs Groww on Special Offers and Promotion

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

Compare Geojit vs Groww on Special Offers and Promotion
  Geojit Groww
Pay In and Pay Out Options Geojit 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 SELFIE Trading Platform.
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 Geojit vs Groww - Payout Time Upto 24 Hrs except Bank Holidays. Max 24 hrs except bank holidays
Bank Supported and Charges Geojit vs Groww - Bank Supported and Charges Info Not Available Around 25 banks allow instant credit facility with charges of Rs 9 from Groww trading platform.
Bank Detail Info Not Available Info Not Available
Likes
  • Trade and invest in stocks, derivatives, commodities, and currencies.
  • Zero account opening charges and Zero AMC.
  • 3-in-1 account opening.
  • Invest in smartfolios, a basket of stocks.
  • Diversify your portfolio with global investment.
  • In-depth stocks and mutual fund research access for free.
  • STEPS, comprehensive financial planning, and investment advisory
  • Apply for IPO and invest in mutual funds.
  • Secure & user-friendly SELFIE superfast platform in web, app, and desktop versions.
  • FundsGenie, a dedicated mutual fund app platform.
  • Great quality customer care support.
  • 4x exposure on Margin trading facility (MTF).
  • Place buy and sell GTT order.
  • Loans against shares.

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
  • Geojit charges relatively high brokerage compared to other full-service brokers like Angel One, Edelweiss.
  • FundsGenie mutual fund app is not available for iOS platform users.

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 Zerodha Account Now>> Open Zerodha Account Now>>

Last Updated on 2023-09-12T06:18:34+00:00