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• Groww

Groww Vs Karvy: Which one is better?

Both the brokers are registered with SEBI. Groww offers investmenet in Equity, F&O and Currency only, where Karvy offers investment in Equity, F&O, Currency and Commodities.. The brokerage of Groww Max Rs 20 per trade while the brokerage of Karvy ranges between 0.03 to 0.3%. Groww is a Discount Broker where Karvy is a Full Service 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 Karvy is . Groww is serving more customer compare to Karvy.

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

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

	Groww	Karvy
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type	Discount Broker	Full Service Broker
Exchanges Supported	NSE, BSE	BSE, NSE, MCX, NCDEX
Active Clients	95,38,609
Broker Overview	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...	One of the largest stockbrokers offering a full spectrum of financial products including Karvy Demat and Trading Account, NRI account, Corporate Account, Trust Account, research reports, and advisory.
Broker Enquiry

Account Opening Charges and AMC

Compare Groww vs Karvy on Trading & Demat Account Opening Charges

Comparison of Groww with Karvy 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 Karvy charges Rs 500 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Groww with Karvy

Charges	Groww	Karvy
Trading Account Opening Fees	Free	Free
Trading AMC	Free	Free
Demat Account Opening Fees	Free	Free
Demat AMC	Free	Rs 500 PA
Provide DP Service

About Brokerage Plans

Compare Groww vs Karvy on Plan Options

Plans are the most important feature you look when compare Groww with Karvy. 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 Groww with Karvy on Plan Options

Plan Types	Groww	Karvy
Multiple Plans
Monthly Plans
Yearly Plans

Account Opening Request

Account Opening

Brokerage Charges

Compare Groww vs Karvy on Brokerage Charges

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

Karvy Brokerage Plan detail - Karvy have different plan and this is there basic plan, For more details about plan you need to contact personally.

Share Broker's Transaction Charges

Compare Groww vs Karvy on Transaction Charges

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

Account Features

Compare Groww vs Karvy on Account Features

Compare Groww with Karvy 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 - Karvy offers Algo Trading where Groww doesn't offers Algo Trading. Margin Funding - Groww offers a margin funding where Karvy doesn't offers margin funding. NRI Trading - both doesn't offer NRI Trading facility.

Account Features - Groww with Karvy

Account Features Compare	Groww	Karvy
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	3:10 PM	3:15 PM
NRI Trading
Other Features	NIL	NIL

Trading Platform

Compare Groww vs Karvy on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Groww and Karvy. 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 Groww with Karvy

Trading Platform Compare	Groww	Karvy
Desktop Trading Platform	Groww App	Karvy NESTTrader
Desktop Demo	Info Not Available	Desktop Demo
Desktop Platform (Windows)
Desktop Platform (Mac)
Web Trading Platform
Web Trading Detail	Yes	https://trade.karvyonline.com/KARVY/Login/indexauth.jsp
Web Trading Demo	Info Not Available	Web Trading Demo
Mobile Site
Mobile Trading
Mobile Trading App	Groww App	KarvyOnline
Mobile Trading App Demo	Info Not Available	KarvyOnline Demo
Android Mobile App
Android App Download	Andriod Groww App Download	Andriod KarvyOnline Download
iPhone Mobile App (IOS)
iOS App Download	iOS Groww App Download	iOS KarvyOnline Download
Android Tablet App
iPad App (IOS)
Trading Software Charges	Free	Free
Equity Brokerage Calculator	Equity Intraday and Delivery Brokerage Calculator for Groww	Equity Intraday and Delivery Brokerage Calculator for Karvy
Futures Brokerage Calculator	Futures Brokerage Calculator for Groww	Futures Brokerage Calculator for Karvy
Options Brokerage Calculator	Options Brokerage Calculator for Groww	Options Brokerage Calculator for Karvy
Detail	Detail on Trading Platforms for groww	Detail on Trading Platforms for karvy

Broker Ratings by Users

Compare Groww vs Karvy on User Rating

	Groww	Karvy
	7 Customer Reviews	3 Customer Reviews
Fees Ratings	4.4	2.7
Trading Brokerage Rating	3.7	2.3
Trading Platform Usability	4.1	2.3
Customer Service Ratings	3.3	3.7
Overall Ratings	4.1	2.7
Broker Rating	Groww is Rated 4.1 / 5 based on 7 customer reviews	Karvy is Rated 2.7 / 5 based on 3 customer reviews

Investment Offerings

Compare Groww vs Karvy on Investment Offerings

Compare Groww with Karvy 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 - Karvy 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) - Karvy provides PMS Service where Groww doesn't offer

Investment Offerings - Compare Groww with Karvy

Investment Offerings Compare	Groww	Karvy
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	Insurance

Order Types

Compare Groww vs Karvy on Order Types

Order Type - Compare Groww with Karvy 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) - Karvy provides 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) - Karvy provides 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)- both doesn't offers AMO orders. GTC Orders- Both broker doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare Groww with Karvy

Order Type Compare	Groww	Karvy
CNC order
MIS order
NRML order
Cover order
Bracket order
AMO-After Market Orders
GTC-Good Till Cancelled

Customer Service Offered

Compare Groww vs Karvy on Customer Service

Compare Groww with Karvy 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 Groww with Karvy

Customer Service Compare	Groww	Karvy
24/7 Customer Service
Email Support
Onine Live Chat
Phone Support
Toll Free Number
Through Branches
Customer Care Number	9108800604	18004198283/7093706007/18004198283
Account Opening Process	Online	Online/Paperless
Customer Support Email	[email protected]	[email protected]
Knowledge Center/Education	https://groww.in/academy	https://www.karvyonline.com/knowledge-center/index
Head Office Address	Groww Head Office 1st Floor, Proms Complex, SBI Colony, 1 A Koramangala, 560034	Karvy House, No. 46, 8-2-609/K Avenue 4, Street No. 1, Banjara Hills, Hyderabad - 500 034 Telangana
Website	https://groww.in/	www.karvyonline.com

Tips/Research/Reports Published

Compare Groww vs Karvy on Research Reports, Tips

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

Research Reports - Compare Groww with Karvy

	Groww	Karvy
Research Mutual Funds
Research Equity Reports
Research ETF
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Demat Account

Compare Groww vs Karvy on Demat Account

Compare Groww with Karvy 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 Karvy is ₹365 pa where for Groww is Zero.

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 Groww is ₹8 + ₹5.50 CDSL charges where for Karvy is ₹15 per transaction.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 Groww with Karvy

	Groww	Karvy
DP Source	CDSL	CDSL
DP ID	No	33200
Demat Account Annual Maintenance Charges(AMC)	Zero	₹365 pa
Advance Deposit	Nil	NIL
Statutory charges	Legal Charges	Nil
Transaction Charges on Debit (Per ISIN)	₹8 + ₹5.50 CDSL charges	₹15 per transaction
Demat	₹150 per certificate + courier charges	₹5 per certificate + ₹40 courier charges
Remat	₹150 per certificate + courier charges	₹20 for every hundred securities or ₹20 per certificate (whichever is higher)
Pledge Creation	₹20 + Rs. 12 per request (CDSL Charges)	0.03% of transaction value (Min ₹100 and Max ₹5k)
Pledge Creation Confirmation	₹20 + Rs. 12 per request (CDSL Charges)	0.03% of transaction value (Min ₹100 and Max ₹5k)
Pledge Closure	₹20 + Rs. 12 per request (CDSL Charges)	0.03% of transaction value (Min ₹100 and Max ₹5k)
Pledge Closure Confirmation	₹20 + Rs. 12 per request (CDSL Charges)	0.03% of transaction value (Min ₹100 and Max ₹5k)
Pledge Invocation	₹20 + Rs. 12 per request (CDSL Charges)	0.03% of transaction value (Min ₹100 and Max ₹5k)
Failed Instruction Charges	₹50	₹100
Other Charges	Nil	Nil

Special Offers,Advantages,Disadvantages

Compare Groww vs Karvy on Special Offers and Promotion

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

Compare Groww vs Karvy on Special Offers and Promotion

	Groww	Karvy
Pay In and Pay Out Options	pay-in/adding funds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from Goww Pay-out/Fund Withdrawal - Bank Transfer only	Pay-in/adding funds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from Karvy Broking Trading Platform. Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time	Max 24 hrs except bank holidays	Upto 24 Hrs except Bank Holidays.
Bank Supported and Charges	Around 25 banks allow instant credit facility with charges of Rs 9 from Groww trading platform.	Around 40+ bank are prefered parter with Karvy Stock Broking.
Bank Detail	Info Not Available	Info Not Available
Likes	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...	Detail Review...
Dislikes	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...	3-in-1 account opening facility is not available with Karvy. Detail Review...
Special Offers/Promo
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