FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Both the brokers are registered with SEBI. Groww offers investmenet in Equity, F&O and Currency only, where MasterTrust offers investment in Equity, F&O, Currency and Commodities.. The brokerage of Groww Max Rs 20 per trade while the brokerage of MasterTrust ranges between 0.01 to .1%. Groww is a Discount Broker where MasterTrust is a Full Service Broker. Groww is having overall higher rating compare to MasterTrust. Groww is rated 4 out of 5 where MasterTrust is rated only 3 out of 5. Number of active customer for Groww is 95,38,609 where number of active customer for MasterTrust is 60,064. Groww is serving more customer compare to MasterTrust.
Here we present side-by-side comparison of Groww vs MasterTrust 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 MasterTrust'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 MasterTrust 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 MasterTrust'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.
Comparison of Groww with MasterTrust on trading & demat account opening charges and AMC. Trading account opening charges - Groww offer Free account opening where MasterTrust charges Rs 555 for account opening. Demat AMC charges - Groww offer Free AMC for Demat account where MasterTrust charges Rs 300 PA AMC for Demat account.
Charges | Groww | MasterTrust |
---|---|---|
Trading Account Opening Fees | Free | Rs 555 |
Trading AMC | Free | Free |
Demat Account Opening Fees | Free | Free |
Demat AMC | Free | Rs 300 PA |
Provide DP Service |
Plans are the most important feature you look when compare Groww with MasterTrust. 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 | MasterTrust |
---|---|---|
Multiple Plans | ||
Monthly Plans | ||
Yearly Plans |
Zerodha | Zerodha | |
---|---|---|
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.
MasterTrust Brokerage Plan detail - This plan is very competitive with �other full brokers in industry where .01% for Equity intraday and future and .1% foe delivery.
Brokerage Charges Compare | Groww | MasterTrust |
---|---|---|
Plan Name | Flat Brokerage Plan | Basic Trading Plan (Percentage Based) |
Equity Delivery | 0.05% or Rs 20 whichever is lower | 0.1% or 10 paisa |
Equity Intraday | 0.05% or Rs 20 whichever is lower | 0.01% or 1 paisa |
Equity Futures | Flat Fee Rs 20 | 0.01% or 1 paisa |
Equity Options | Flat Fee Rs 20 | Rs 10 Per Lot |
Currency Futures | Not Available | 0.01% or 1 paisa |
Currency Options | Not Available | Rs 5 Per Lot |
Commodity Trading | Not Available | 0.01% or 1 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 MasterTrust |
Compare Groww with MasterTrust on transaction charges and PCM fee by segment.
Transaction Charges Compare | Groww | MasterTrust |
---|---|---|
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 | NA | Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr |
Brokerage Charges | Complete Brokerage Plans for groww | Complete Brokerage Plans for mastertrust |
Compare Groww with MasterTrust 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 - MasterTrust 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 - MasterTrust offers NRI where Groww doesn't offers NRI Trading.
Account Features Compare | Groww | MasterTrust |
---|---|---|
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 | 3:15PM |
NRI Trading | ||
Other Features | NIL | NIL |
With our expert research team, we have compared all the major features of Trading platform b/w Groww and MasterTrust. 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 | MasterTrust |
---|---|---|
Desktop Trading Platform | Groww App | OMNESYS NEST |
Desktop Demo | Info Not Available | Info Not Available |
Desktop Platform (Windows) | ||
Desktop Platform (Mac) | ||
Web Trading Platform | ||
Web Trading Detail | Yes | http://direct.mastermarts.com/ |
Web Trading Demo | Info Not Available | Info Not Available |
Mobile Site | ||
Mobile Trading | ||
Mobile Trading App | Groww App | mastermobile |
Mobile Trading App Demo | Info Not Available | Info Not Available |
Android Mobile App | ||
Android App Download | Andriod Groww App Download | Andriod mastermobile Download |
iPhone Mobile App (IOS) | ||
iOS App Download | iOS Groww App Download | iOS mastermobile Download |
Android Tablet App | ||
iPad App (IOS) | ||
Trading Software Charges | Free | Info Not Available |
Equity Brokerage Calculator | Equity Intraday and Delivery Brokerage Calculator for Groww | Equity Intraday and Delivery Brokerage Calculator for MasterTrust |
Futures Brokerage Calculator | Futures Brokerage Calculator for Groww | Futures Brokerage Calculator for MasterTrust |
Options Brokerage Calculator | Options Brokerage Calculator for Groww | Options Brokerage Calculator for MasterTrust |
Detail | Detail on Trading Platforms for groww | Detail on Trading Platforms for mastertrust |
Compare Groww with MasterTrust 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 - MasterTrust 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 | MasterTrust |
---|---|---|
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 | Mutual Funds and Insurance |
Order Type - Compare Groww with MasterTrust 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)- MasterTrust 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 | MasterTrust |
---|---|---|
CNC order | ||
MIS order | ||
NRML order | ||
Cover order | ||
Bracket order | ||
AMO-After Market Orders | ||
GTC-Good Till Cancelled |
Compare Groww with MasterTrust 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 | MasterTrust |
---|---|---|
24/7 Customer Service | ||
Email Support | ||
Onine Live Chat | ||
Phone Support | ||
Toll Free Number | ||
Through Branches | ||
Customer Care Number | 9108800604 | Info Not Available |
Account Opening Process | Online | Info Not Available |
Customer Support Email | [email protected] | Info Not Available |
Knowledge Center/Education | https://groww.in/academy | Info Not Available |
Head Office Address | Groww Head Office 1st Floor, Proms Complex, SBI Colony, 1 A Koramangala, 560034 | Info Not Available |
Website | https://groww.in/ | Info Not Available |
Compare Groww with MasterTrust on research reports and tips provided by the broker.
Compare Groww with MasterTrust 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 MasterTrust is ₹300 pa (Second Year Onwards) 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 MasterTrust is ₹50.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
Compare Groww with MasterTrust on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.
Groww | MasterTrust | |
---|---|---|
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 |
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Dislikes |
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Brokerage not displayed online, Not a 3 in 1 account, high transaction charges. |
Special Offers/Promo | ||
Enquiry | Open Zerodha Account Now>> | Open Zerodha Account Now>> |
Last Updated on 2024-01-05T04:04:35+00:00