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Groww Vs Mangal Keshav: Which one is better?

Both the brokers are registered with SEBI. Groww offers investmenet in Equity, F&O and Currency only, where Mangal Keshav offers investment in Equity, F&O, Currency and Commodities.. The brokerage of Groww Max Rs 20 per trade while the brokerage of Mangal Keshav ranges between 0.03% to 0.30%. Groww is a Discount Broker where Mangal Keshav is a Full Service Broker. Groww is having overall higher rating compare to Mangal Keshav. Groww is rated 4 out of 5 where Mangal Keshav is rated only 3 out of 5. Number of active customer for Groww is 51,65,760 where number of active customer for Mangal Keshav is 7,111. Groww is serving more customer compare to Mangal Keshav.

Here we present side-by-side comparison of Groww vs Mangal Keshav 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 Mangal Keshav'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 Mangal Keshav 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 Mangal Keshav'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 Mangal Keshav on Service

  Groww Compare
Groww
Mangal Keshav Compare
Mangal Keshav
Overall Rating Rated 4 stars Rated 3 stars
Brokerage Charges Rated 4.5 stars Rated 3 stars
Trading Platform Rated 4 stars Rated 3 stars
Investments Offering Rated 4 stars Rated 3 stars
Customer Service Rated 4 stars Rated 3 stars
Broker Type What is this parameter? Discount Broker Full Service Broker
Exchanges Supported What is this parameter? NSE, BSE BSE, NSE, MCX, NCDEX
Active Clients 51,65,760 7,111
Broker Overview 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 Mangal Keshav being an active member of BSE since 1939 is one of the oldest stock broking houses in India. Multi-product avenues, all types of trading platforms (web, app, and desktop software), research-driven tips & advisory, portfolio manageme...Know more about Mangal Keshav
Broker Enquiry Request call back from Zerodha Request call back from Zerodha
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Account Opening Charges and AMC

Compare Groww vs Mangal Keshav on Trading & Demat Account Opening Charges

Comparison of Groww with Mangal Keshav 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 Mangal Keshav charges Rs 750 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Groww with Mangal Keshav
Charges Groww Mangal Keshav
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Free Rs 750 PA
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Groww vs Mangal Keshav on Plan Options

Plans are the most important feature you look when compare Groww with Mangal Keshav. 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 Mangal Keshav on Plan Options
Plan Types Groww Mangal Keshav
Multiple Plans No No
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

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Account Opening Request
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Brokerage Charges

Compare Groww vs Mangal Keshav 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.

Mangal Keshav Brokerage Plan detail - This is a standard plan by Mangal Keshav. This is a % based brokerage plan. Brokerage is between .03% to .30%, which is 3 paisa to 30 paise per 100 rs.

Brokerage Charges - Compare Groww with Mangal Keshav
Brokerage Charges Compare Groww Mangal Keshav
Plan Name Flat Brokerage Plan Standard Brokerage Trading Plan (Percentage Based)
Equity Delivery 0.05% or Rs 20 whichever is lower 0.30% or 30 paisa
Equity Intraday 0.05% or Rs 20 whichever is lower 0.03% or 3 paisa
Equity Futures Flat Fee Rs 20 0.03% or 3 paisa
Equity Options Flat Fee Rs 20 Rs 100 Per Lot
Currency Futures Not Available 0.03% or 3 paisa
Currency Options Not Available Rs 50 Per Lot
Commodity Trading Not Available 0.03% or 3 paisa
Minimum Brokerage NIL NIL
Hidden Charges Info Not Available Info Not Available
Funding Info Not Available Info Not Available
Call & Trade Charges Rs 50 Per Executable Order NA
Auto Square off Charges Rs 50 Per Executable Order NA
Brokerage Calculator Brokerage Calculator for Groww Brokerage Calculator for Mangal Keshav
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Share Broker's Transaction Charges

Compare Groww vs Mangal Keshav on Transaction Charges

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

Transaction Charges - Compare Groww with Mangal Keshav
Transaction Charges Compare Groww Mangal Keshav
Equity Delivery Rs 325 Per Cr Rs 325 Per Cr
Equity Intraday Rs 325 Per Cr Rs 325 Per Cr
Equity Futures Rs 210 Per Cr Rs 190 Per Cr
Equity Options Rs 5500 Per Cr Rs 5000 Per Cr
Currency Futures NA Rs 110 Per Cr
Currency Options NA Rs 4000 Per Cr
Commodity NA Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr
Brokerage Charges Complete Brokerage Plans for groww Complete Brokerage Plans for mangal-keshav
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Account Features

Compare Groww vs Mangal Keshav on Account Features

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

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

Compare Groww vs Mangal Keshav on Trading Platform

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

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Broker Ratings by Users

Compare Groww vs Mangal Keshav on User Rating

  Groww Mangal Keshav
  6 Customer Reviews    Rate Groww 1 Customer Reviews    Rate Mangal Keshav
Fees Ratings 4.3 5.0
Trading Brokerage Rating 4.0 5.0
Trading Platform Usability 4.3 4.0
Customer Service Ratings 3.5 4.0
Overall Ratings Rated 4.5 stars Rated 5.0 stars
Broker Rating Groww is Rated 4.5 / 5 based on 6 customer reviews Mangal Keshav is Rated 5.0 / 5 based on 1 customer reviews
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Investment Offerings

Compare Groww vs Mangal Keshav on Investment Offerings

Compare Groww with Mangal Keshav 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 - Mangal Keshav 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 Groww with Mangal Keshav
Investment Offerings Compare Groww Mangal Keshav
Equity Cash and F&O Yes Yes
Currency Deravitives No Yes
Commodity No Yes
Online IPO Application Yes Yes
Mutual Funds Yes Yes
Bond / NCD No Yes
ETF Yes Yes
Banking No No
Insurance No No
Forex No No
MF SIP Investment Yes No
Equity SIP Investment No No
PMS Service No No
Other Investment Options NIL NIL
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Order Types

Compare Groww vs Mangal Keshav on Order Types

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

Compare Groww vs Mangal Keshav on Customer Service

Compare Groww with Mangal Keshav 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 Mangal Keshav
Customer Service Compare Groww Mangal Keshav
24/7 Customer Service Groww vs Mangal Keshav - 24x7 customer support No No
Email Support Groww vs Mangal Keshav - Email Support Yes Yes
Onine Live Chat Groww vs Mangal Keshav - Onine Live Chat Yes No
Phone Support Groww vs Mangal Keshav - Phone Support Yes Yes
Toll Free Number Groww vs Mangal Keshav - Toll Free Number No Yes
Through Branches Groww vs Mangal Keshav - Through Branches No Yes
Customer Care Number Groww vs Mangal Keshav - Customer Care Number 9108800604 +91 22 6190 8000
Account Opening Process Groww vs Mangal Keshav - Account Opening Process Online Info Not Available
Customer Support Email Groww vs Mangal Keshav - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Groww vs Mangal Keshav - Knowledge Center/Education https://groww.in/academy https://www.mangalkeshav.com/knowledge-panel
Head Office Address Groww vs Mangal Keshav - Head Office Address/Corporate Address Groww Head Office
1st Floor, Proms Complex, SBI Colony,
1 A Koramangala, 560034
Info Not Available
Website Groww vs Mangal Keshav - Company Website https://groww.in/ https://www.mangalkeshav.com/
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Tips/Research/Reports Published

Compare Groww vs Mangal Keshav on Research Reports, Tips

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

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

Compare Groww vs Mangal Keshav on Demat Account

Compare Groww with Mangal Keshav 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 Mangal Keshav is ₹1000 Refundable deposit 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 Mangal Keshav is 0.05% of transaction value (Min ₹100).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 Mangal Keshav
  Groww Mangal Keshav
DP Source CDSL CDSL
DP ID Groww vs Mangal Keshav - DP ID No No
Demat Account Annual Maintenance Charges(AMC) Zero ₹1000 Refundable deposit
Advance Deposit Nil Deposit Scheme ? Rs.1000/-, where AMC will not be charged and amount will be refundable at Time of Closure of demat account. If the account is closed prior to one year deposit amount will not be refunded.
Statutory charges Legal Charges Nil
Transaction Charges on Debit (Per ISIN) ₹8 + ₹5.50 CDSL charges 0.05% of transaction value (Min ₹100)
Demat ₹150 per certificate + courier charges ₹100 per certificate + ₹150 courier charges
Remat ₹150 per certificate + courier charges ₹100 per certificate + ₹150 courier charges + CDSL charges
Pledge Creation ₹20 + Rs. 12 per request (CDSL Charges) 0.02% of transaction value + CDSL charges
Pledge Creation Confirmation ₹20 + Rs. 12 per request (CDSL Charges) Nil
Pledge Closure ₹20 + Rs. 12 per request (CDSL Charges) 0.02% of transaction value + CDSL charges
Pledge Closure Confirmation ₹20 + Rs. 12 per request (CDSL Charges) Nil
Pledge Invocation ₹20 + Rs. 12 per request (CDSL Charges) 0.02% of transaction value + CDSL charges
Failed Instruction Charges ₹50 Nil
Other Charges Nil Nil

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Special Offers,Advantages,Disadvantages

Compare Groww vs Mangal Keshav on Special Offers and Promotion

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

Compare Groww vs Mangal Keshav on Special Offers and Promotion
  Groww Mangal Keshav
Pay In and Pay Out Options Groww vs Mangal Keshav - 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
Info Not Available
Payout Time Groww vs Mangal Keshav - Payout Time Max 24 hrs except bank holidays Info Not Available
Bank Supported and Charges Groww vs Mangal Keshav - Bank Supported and Charges Around 25 banks allow instant credit facility with charges of Rs 9 from Groww trading platform. Info Not Available
Bank Detail Info Not Available Info Not Available
Likes

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...

  • Zero Demat account opening charges.
  • One stop for all trading & investment products & services.
  • Trade on mobile app, web, and desktop applications.
  • Robust back-office system.
  • Easy deposit and withdrawal process.
  • Invest in IPO and mutual funds.
  • Get tailor-made portfolio suggestions with PMS services.
  • Market analysis, micro & macro research, equity research, mutual funds research, etc.
  • Dedicated relationship manager (RM).
  • Margin Trading Facility (MTF) is available.
  • Knowledge panel and blogs for beginners.

Detail Review...

Dislikes

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...

  • Upfront Margin money is required in the trading account.
  • Does not offer a 3-in-1 account.
  • No direct mutual fund offerings.
  • Non-negotiable and non-transparent brokerage fee structure.
  • The brokerage fee is significantly higher than flat discount brokerage houses.
  • No Good till triggered (GTT) order feature.

Detail Review...

Special Offers/Promo
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Last Updated on 2022-06-17T09:13:17+00:00