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
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||Full Service Broker|
|Exchanges Supported||NSE, BSE||BSE, NSE, MCX, NCDEX|
|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...||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...|
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 Account Opening Fees||Free||Free|
|Demat Account Opening Fees||Free||Free|
|Demat AMC||Free||Rs 750 PA|
|Provide DP Service|
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.
|Plan Types||Groww||Mangal Keshav|
|Account Opening Request|
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||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|
|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|
Compare Groww with Mangal Keshav on transaction charges and PCM fee by segment.
|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|
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 Compare||Groww||Mangal Keshav|
|3 in 1 Account|
|Margin Trading Funding Available|
|Combined Ledger for Equity and Commodity|
|Intraday Square-off Time||3:10 PM||3:15PM|
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||Mangal Keshav|
|Desktop Trading Platform||Mangal Trader|
|Desktop Demo||Info Not Available||Info Not Available|
|Desktop Platform (Windows)|
|Desktop Platform (Mac)|
|Web Trading Platform|
|Web Trading Detail||Yes||Mangal Keshav Web Trading Platform|
|Web Trading Demo||Info Not Available||Info Not Available|
|Mobile Trading App||Yes||Mangal Trader|
|Mobile Trading App Demo||Info Not Available||Info Not Available|
|Android Mobile App|
|Android App Download||Andriod Yes Download||Andriod Mangal Trader Download|
|iPhone Mobile App (IOS)|
|iOS App Download||iOS Yes Download||iOS Mangal Trader 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 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|
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||Mangal Keshav|
|Equity Cash and F&O|
|Online IPO Application|
|Bond / NCD|
|MF SIP Investment|
|Equity SIP Investment|
|Other Investment Options||NIL||NIL|
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 Type Compare||Groww||Mangal Keshav|
|AMO-After Market Orders|
|GTC-Good Till Cancelled|
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 Service Compare||Groww||Mangal Keshav|
|24/7 Customer Service|
|Onine Live Chat|
|Toll Free Number|
|Customer Care Number||9108800604||+91 22 6190 8000|
|Account Opening Process||Online||Info Not Available|
|Customer Support Email||[email protected]||[email protected]|
|Head Office Address||Groww Head Office 1st Floor, Proms Complex, SBI Colony, 1 A Koramangala, 560034||Info Not Available|
Compare Groww with Mangal Keshav on research reports and tips provided by the broker.
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 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 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 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|
Compare Groww with Mangal Keshav 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/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||Max 24 hrs except bank holidays||Info Not Available|
|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|
Despite brokerage-free mutual fund investment and flat brokerage trading, Groww offers many trading advantages (Pros) pointed as follows;
Limited trading product availability is a key limitation or drawback of trading with Groww. Check out the list of Groww Trading cons as follows;
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Last Updated on 2022-06-17T09:13:17+00:00
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