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Groww Vs HDFC Securities: Which one is better?

Both the brokers are registered with SEBI. Groww offers investmenet in Equity, F&O and Currency only, where HDFC Securities offers investment in Equity, F&O, Currency and Commodities.. The brokerage of Groww Max Rs 20 per trade while the brokerage of HDFC Securities ranges between .05 to .5%. Groww is a Discount Broker where HDFC Securities is a Full Service Broker. Overall rating for both the brokers are equal with rating 4 out of 5. Number of active customer for HDFC Securities is 51,65,760 where number of active customer for Groww is 11,26,177. HDFC Securities is serving more customer compare to Groww.

Here we present side-by-side comparison of Groww vs HDFC Securities 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 HDFC Securities'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 HDFC Securities 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 HDFC Securities'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 HDFC Securities on Service

  Groww Compare
Groww
HDFC Securities Compare
HDFC Securities
Overall Rating Rated 4 stars Rated 4 stars
Brokerage Charges Rated 4.5 stars Rated 3 stars
Trading Platform Rated 4 stars Rated 4.5 stars
Investments Offering Rated 4 stars Rated 4.5 stars
Customer Service Rated 4 stars Rated 3.5 stars
Broker Type What is this parameter? Discount Broker Full Service Broker
Exchanges Supported What is this parameter? NSE, BSE NSE, BSE, MCX
Active Clients 11,26,177 51,65,760
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 With over 2 decades of experience, exceptionally great 24/7 customer services, and world-class research & advisory, HDFC Securities has topped the list of the best full-service brokers in India serving above 10 lakh customers. It is a one-stop sh...Know more about HDFC Securities
Broker Enquiry Request call back from Zerodha Request call back from Zerodha
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Account Opening Charges and AMC

Compare Groww vs HDFC Securities on Trading & Demat Account Opening Charges

Comparison of Groww with HDFC Securities on trading & demat account opening charges and AMC. Trading account opening charges - Groww offer Free account opening where HDFC Securities charges Rs 999 for account opening. Demat AMC charges - Groww offer Free AMC for Demat account where HDFC Securities charges Rs 750 PA (Waived for 1st year) AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Groww with HDFC Securities
Charges Groww HDFC Securities
Trading Account Opening Fees Free Rs 999
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Free Rs 750 PA (Waived for 1st year)
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Groww vs HDFC Securities on Plan Options

Plans are the most important feature you look when compare Groww with HDFC Securities. 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 HDFC Securities on Plan Options
Plan Types Groww HDFC Securities
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 Groww vs HDFC Securities 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.

HDFC Securities Brokerage Plan detail - HDFC Securities have a fixed percentage base brokerage plan, where Minimum brokerage is fixed at Rs 25 Per Order. They are second best in Currency derivatives plan. Equity Intraday & Option prices are on a higher range and Equity Delivery & Future trading is on average brokerage level compared to other full-service brokers.

Brokerage Charges - Compare Groww with HDFC Securities
Brokerage Charges Compare Groww HDFC Securities
Plan Name Flat Brokerage Plan Percentage based brokerage plan
Equity Delivery 0.05% or Rs 20 whichever is lower 0.50%
Equity Intraday 0.05% or Rs 20 whichever is lower 0.05%
Equity Futures Flat Fee Rs 20 0.05%
Equity Options Flat Fee Rs 20 Higher of 0.1% of Premium or Rs 100 per lot
Currency Futures Not Available Rs 23 per lot
Currency Options Not Available Rs 20 per lot
Commodity Trading Not Available Rs. 20 per order, Options: Rs. 100 per lot
Minimum Brokerage NIL Rs 25
Hidden Charges Info Not Available Yes
Funding Info Not Available Yes - 18% interest PA
Call & Trade Charges Rs 50 Per Executable Order Free
Auto Square off Charges Rs 50 Per Executable Order Free
Brokerage Calculator Brokerage Calculator for Groww Brokerage Calculator for HDFC Securities
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Share Broker's Transaction Charges

Compare Groww vs HDFC Securities on Transaction Charges

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

Transaction Charges - Compare Groww with HDFC Securities
Transaction Charges Compare Groww HDFC Securities
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 NA
Brokerage Charges Complete Brokerage Plans for groww Complete Brokerage Plans for hdfc-securities
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Account Features

Compare Groww vs HDFC Securities on Account Features

Compare Groww with HDFC Securities on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - HDFC Securities offers 3-in-1 account where Groww offers only 2-in-1 account which includes trading and demat account. Algo Trading - both doesn't offers Algo trading. Margin Funding - Groww offers a margin funding where HDFC Securities doesn't offers margin funding. NRI Trading - HDFC Securities offers NRI where Groww doesn't offers NRI Trading.

Account Features - Groww with HDFC Securities
Account Features Compare Groww HDFC Securities
3 in 1 Account No Groww have 2-in-1 account. Only Demate and Trading account. Yes, Groww have 3-in-1 accounts. Bank Account, Demat and Trading account.
Charting Yes Yes
Algo Trading No No
SMS Alerts No Yes
Online Demo No Yes
Online Portfolio Yes Yes
Margin Trading Funding Available Yes No
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 HDFC Securities on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Groww and HDFC Securities. 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 HDFC Securities
Trading Platform Compare Groww HDFC Securities
Desktop Trading Platform ProTerminal
Desktop Demo Info Not Available Desktop Demo
Desktop Platform (Windows) No Yes
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail Yes https://trade.hdfcsec.com/
Web Trading Demo Info Not Available Web Trading Demo
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App Yes HDFC securities Mobile
Mobile Trading App Demo Info Not Available HDFC securities Mobile Demo
Android Mobile App Yes Yes
Android App Download Andriod Yes Download Andriod HDFC securities Mobile Download
iPhone Mobile App (IOS) Yes No
iOS App Download iOS Yes Download iOS HDFC securities Mobile Download
Android Tablet App Yes Yes
iPad App (IOS) Yes No
Trading Software Charges Free Proterminal - Rs. 2500 (Offer price: Rs. 1500)
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Groww Equity Intraday and Delivery Brokerage Calculator for HDFC Securities
Futures Brokerage Calculator Futures Brokerage Calculator for Groww Futures Brokerage Calculator for HDFC Securities
Options Brokerage Calculator Options Brokerage Calculator for Groww Options Brokerage Calculator for HDFC Securities
Detail Detail on Trading Platforms for groww Detail on Trading Platforms for hdfc-securities

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Broker Ratings by Users

Compare Groww vs HDFC Securities on User Rating

  Groww HDFC Securities
  6 Customer Reviews    Rate Groww 96 Customer Reviews    Rate HDFC Securities
Fees Ratings 4.3 2.4
Trading Brokerage Rating 4.0 2.1
Trading Platform Usability 4.3 3.0
Customer Service Ratings 3.5 2.8
Overall Ratings Rated 4.5 stars Rated 2.4 stars
Broker Rating Groww is Rated 4.5 / 5 based on 6 customer reviews HDFC Securities is Rated 2.4 / 5 based on 96 customer reviews
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Investment Offerings

Compare Groww vs HDFC Securities on Investment Offerings

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

Compare Groww vs HDFC Securities on Order Types

Order Type - Compare Groww with HDFC Securities 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) - HDFC Securities 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) - 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)- both doesn't offers AMO orders. GTC Orders- HDFC Securities offers Good Till Cancelled (GTC) orders where Groww doesn't support Good Till Cancelled (GTC) orders.

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

Compare Groww vs HDFC Securities on Customer Service

Compare Groww with HDFC Securities 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 HDFC Securities
Customer Service Compare Groww HDFC Securities
24/7 Customer Service Groww vs HDFC Securities - 24x7 customer support No No
Email Support Groww vs HDFC Securities - Email Support Yes Yes
Onine Live Chat Groww vs HDFC Securities - Onine Live Chat Yes Yes
Phone Support Groww vs HDFC Securities - Phone Support Yes Yes
Toll Free Number Groww vs HDFC Securities - Toll Free Number No No
Through Branches Groww vs HDFC Securities - Through Branches No Yes
Customer Care Number Groww vs HDFC Securities - Customer Care Number 9108800604 022-39019400
Account Opening Process Groww vs HDFC Securities - Account Opening Process Online Offline
Customer Support Email Groww vs HDFC Securities - Customer Support Email [email protected] [email protected], customer
Knowledge Center/Education Groww vs HDFC Securities - Knowledge Center/Education https://groww.in/academy https://www.hdfcsec.com/products/demolisting/
Head Office Address Groww vs HDFC Securities - Head Office Address/Corporate Address Groww Head Office
1st Floor, Proms Complex, SBI Colony,
1 A Koramangala, 560034
LODHAI-I THINK TECHNO CAMPUS BLDG-ALPHA,
8 FLR, NEAR KANJURMARG RLYSTN,
KANJURMARG,
MUMBAI-MH-400042
Website Groww vs HDFC Securities - Company Website https://groww.in/ https://www.hdfcsec.com/
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Tips/Research/Reports Published

Compare Groww vs HDFC Securities on Research Reports, Tips

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

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

Compare Groww vs HDFC Securities on Demat Account

Compare Groww with HDFC Securities 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 HDFC Securities is ₹750 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 HDFC Securities is 0.04% (Min ₹20) + 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 Groww with HDFC Securities
  Groww HDFC Securities
DP Source CDSL CDSL
DP ID Groww vs HDFC Securities - DP ID No 12400
Demat Account Annual Maintenance Charges(AMC) Zero ₹750 pa
Advance Deposit Nil Customer having only Depository relationship with the Bank has to pay an advance fee of Rs.7,500/-
Statutory charges Legal Charges Nil
Transaction Charges on Debit (Per ISIN) ₹8 + ₹5.50 CDSL charges 0.04% (Min ₹20) + CDSL charges
Demat ₹150 per certificate + courier charges ₹5 per certificate + ₹35 request charges
Remat ₹150 per certificate + courier charges ₹30
Pledge Creation ₹20 + Rs. 12 per request (CDSL Charges) Nil
Pledge Creation Confirmation ₹20 + Rs. 12 per request (CDSL Charges) 0.04% of transaction value (Min ₹40)
Pledge Closure ₹20 + Rs. 12 per request (CDSL Charges) Nil
Pledge Closure Confirmation ₹20 + Rs. 12 per request (CDSL Charges) 0.04% of transaction value (Min ₹40)
Pledge Invocation ₹20 + Rs. 12 per request (CDSL Charges) 0.04% of transaction value (Min ₹40)
Failed Instruction Charges ₹50 Nil
Other Charges Nil Nil

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Special Offers,Advantages,Disadvantages

Compare Groww vs HDFC Securities on Special Offers and Promotion

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

Compare Groww vs HDFC Securities on Special Offers and Promotion
  Groww HDFC Securities
Pay In and Pay Out Options Groww vs HDFC Securities - 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 from HDFC Bank.
Pay-out/Fund Withdrawal - Bank Transfer only.
Payout Time Groww vs HDFC Securities - Payout Time Max 24 hrs except bank holidays Instant to HDFC Bank.
Bank Supported and Charges Groww vs HDFC Securities - 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 Direct from your HDFC bank account.
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...

  • Invest across all types of asset classes on BSE, NSE, and MCX.
  • Free web and mobile app-based trading platforms.
  • Ultra-speed and feature-rich ProTerminal platform.
  • Brokerage-free mutual fund investment.
  • Voice-enabled investing with Arya Intelligent Chatbot.
  • Advanced portfolio tracking.
  • Quick payout upto Rs. 5 Lac with Encash facility.
  • Free call & trade
  • Apply for IPOs online in just 3 clicks.
  • Start StockSIP.
  • Invest in shares of US-based companies.
  • Smallcase, a thematic investing platform.
  • Get access to HDFC research for
  • Place advance orders like bracket order, cover order, and Good Till Date (GTD) order.
  • Margin trading facility.

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...

  • Minimum brokerage fee of Rs. 25 per trade, subject to a maximum 2.5% ceiling on trade value.
  • High brokerage charges.
  • High Demat maintenance charges.
  • ProTerminal is a paid platform that charges a subscription fee every year.

Detail Review...

Special Offers/Promo Get HDFC Securities 3-in-1 account, an integrated trading + demat + bank account for one-click investment in stock market and mutual funds.
Enquiry Open Zerodha Account Now>> Open Zerodha Account Now>>

Last Updated on 2022-06-17T09:13:17+00:00