Both the brokers are registered with SEBI. ICICIDirect offers investmenet in Equity, F&O, Currency and Commodities, where Groww offers investment in Equity, F&O and Currency only. The brokerage of ICICIDirect Max Rs. 20 per trade while the brokerage of Groww ranges between Rs 20. ICICIDirect is a Full Service Broker where Groww is a Discount Broker. Overall rating for both the brokers are equal with rating 4 out of 5. Number of active customer for Groww is 51,65,760 where number of active customer for ICICIDirect is 26,86,765. Groww is serving more customer compare to ICICIDirect.
Here we present side-by-side comparison of ICICIDirect vs Groww share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared ICICIDirect vs Groww'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 ICICIDirect vs Groww share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.
To be precise, we have compared ICICIDirect vs Groww'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||Full Service Broker||Discount Broker|
|Exchanges Supported||NSE, BSE, MCX||NSE, BSE|
|Broker Overview||ICICIDirect is one of the top-rated full-service stock brokers serving an active clientele base of above 30 lakh. Its multiple trading & investing products, Rs. 20 NEO flat discount brokerage plan, reliable research and advisory, and advanced tec...||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...|
Comparison of ICICIDirect with Groww 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 ICICIDirect charges Rs 300 per annum AMC for Demat account.
|Trading Account Opening Fees||Free||Free|
|Demat Account Opening Fees||Free||Free|
|Demat AMC||Rs 300 per annum||Free|
|Provide DP Service|
Plans are the most important feature you look when compare ICICIDirect with Groww. This section compare on high level about type of plans offered by brokers. Multiple Plans - ICICIDirect provide Multiple Plans where Groww doesn't offer. Monthly Plans - Both the brokers don't have Monthly Plans.
|Account Opening Request|
ICICIDirect Brokerage Plan detail - ICICI Direct NEO is a flat brokerage plan that charges a flat fee of Rs. 20 per order on equity intraday, equity options, currency, and commodity derivative trading segment while offers free equity futures trading.
Groww Brokerage Plan detail - Flat brokerage plan that charges Rs. 20 per order on trading in intraday segment whereas offers free delivery trading.
|Brokerage Charges Compare||ICICIDirect||Groww|
|Plan Name||NEO Flat Discount Brokerage Plan||Flat Brokerage Plan|
|Equity Delivery||0.55%||0.05% or Rs 20 whichever is lower|
|Equity Intraday||Flat Rs. 20 per order||0.05% or Rs 20 whichever is lower|
|Equity Futures||Free (Rs. 0 brokerage)||Flat Fee Rs 20|
|Equity Options||Flat Rs. 20 per order||Flat Fee Rs 20|
|Currency Futures||Flat Rs. 20 per order||Not Available|
|Currency Options||Flat Rs. 20 per order||Not Available|
|Commodity Trading||Flat Rs. 20 per order||Not Available|
|Minimum Brokerage||Rs 35 per trade||NIL|
|Hidden Charges||Yes||Info Not Available|
|Funding||Yes - 18% interest PA||Info Not Available|
|Call & Trade Charges||First 20 call free and Rs 25 there onwards.||Rs 50 Per Executable Order|
|Auto Square off Charges||First 20 call free and Rs 25 there onwards.||Rs 50 Per Executable Order|
|Brokerage Calculator||Brokerage Calculator for ICICIDirect||Brokerage Calculator for Groww|
Compare ICICIDirect with Groww on transaction charges and PCM fee by segment.
|Transaction Charges Compare||ICICIDirect||Groww|
|Equity Delivery||Rs 325 Per Cr||Rs 325 Per Cr|
|Equity Intraday||Rs 325 Per Cr||Rs 325 Per Cr|
|Equity Futures||Rs 190 Per Cr||Rs 210 Per Cr|
|Equity Options||Rs 5000 Per Cr||Rs 5500 Per Cr|
|Currency Futures||Rs 100 Per Cr||NA|
|Currency Options||Rs 4000 Per Cr||NA|
|Brokerage Charges||Complete Brokerage Plans for icicidirect||Complete Brokerage Plans for groww|
Compare ICICIDirect with Groww on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - ICICIDirect 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 - Both broker offers a margin funding. Interest need to be paid on borrowed money. NRI Trading - ICICIDirect offers NRI where Groww doesn't offers NRI Trading.
|Account Features Compare||ICICIDirect||Groww|
|3 in 1 Account|
|Margin Trading Funding Available|
|Combined Ledger for Equity and Commodity|
|Intraday Square-off Time||3:15PM||3:10 PM|
With our expert research team, we have compared all the major features of Trading platform b/w ICICIDirect and Groww. 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||ICICIDirect||Groww|
|Desktop Trading Platform||Trade Racer|
|Desktop Demo||Desktop Demo||Info Not Available|
|Desktop Platform (Windows)|
|Desktop Platform (Mac)|
|Web Trading Platform|
|Web Trading Detail||https://www.icicidirect.com||Yes|
|Web Trading Demo||Web Trading Demo||Info Not Available|
|Mobile Trading App||ICICI direct Mobile||Yes|
|Mobile Trading App Demo||ICICI direct Mobile Demo||Info Not Available|
|Android Mobile App|
|Android App Download||Andriod ICICI direct Mobile Download||Andriod Yes Download|
|iPhone Mobile App (IOS)|
|iOS App Download||iOS ICICI direct Mobile Download||iOS Yes Download|
|Android Tablet App|
|iPad App (IOS)|
|Trading Software Charges||Free||Free|
|Equity Brokerage Calculator||Equity Intraday and Delivery Brokerage Calculator for ICICIDirect||Equity Intraday and Delivery Brokerage Calculator for Groww|
|Futures Brokerage Calculator||Futures Brokerage Calculator for ICICIDirect||Futures Brokerage Calculator for Groww|
|Options Brokerage Calculator||Options Brokerage Calculator for ICICIDirect||Options Brokerage Calculator for Groww|
|Detail||Detail on Trading Platforms for icicidirect||Detail on Trading Platforms for groww|
Compare ICICIDirect with Groww 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 - Both broker don't offers Commodity Trading (MCX). Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - ICICIDirect provide PMS Service where Groww doesn't offer
|Investment Offerings Compare||ICICIDirect||Groww|
|Equity Cash and F&O|
|Online IPO Application|
|Bond / NCD|
|MF SIP Investment|
|Equity SIP Investment|
|Other Investment Options||NIL||NIL|
Order Type - Compare ICICIDirect with Groww 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) - ICICIDirect provide 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)- ICICIDirect offers After Market Orders where Groww doesn't offers AMO. GTC Orders- ICICIDirect offers Good Till Cancelled (GTC) orders where Groww doesn't support Good Till Cancelled (GTC) orders.
|Order Type Compare||ICICIDirect||Groww|
|AMO-After Market Orders|
|GTC-Good Till Cancelled|
Compare ICICIDirect with Groww 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||ICICIDirect||Groww|
|24/7 Customer Service|
|Onine Live Chat|
|Toll Free Number|
|Customer Care Number||1860 123 1122||9108800604|
|Account Opening Process||Online||Online|
|Customer Support Email||[email protected]||[email protected]|
|Head Office Address||ICICI Centre,
H.T. Parekh Marg,
Mumbai – 400020
|Groww Head Office 1st Floor, Proms Complex, SBI Colony, 1 A Koramangala, 560034|
Compare ICICIDirect with Groww on research reports and tips provided by the broker.
Compare ICICIDirect with Groww 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 Groww is Zero where for ICICIDirect is ₹700 pa.
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 ICICIDirect is 0.04% (Min ₹30 and Max ₹25,000) + ₹5.50 (CDSL Charges) where for Groww is ₹8 + ₹5.50 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 Account Annual Maintenance Charges(AMC)||₹700 pa||Zero|
|Advance Deposit||Rs. 7500/- , If the client is not having ICICI BANK Account||Nil|
|Statutory charges||Nil||Legal Charges|
|Transaction Charges on Debit (Per ISIN)||0.04% (Min ₹30 and Max ₹25,000) + ₹5.50 (CDSL Charges)||₹8 + ₹5.50 CDSL charges|
|Demat||₹50 per set up||₹150 per certificate + courier charges|
|Remat||₹25 for 100 securities upto max fee of Rs 3 lakh, MF Reconversion ₹25 per transaction||₹150 per certificate + courier charges|
|Pledge Creation||0.02% (Min ₹35 and Max ₹25,000)||₹20 + Rs. 12 per request (CDSL Charges)|
|Pledge Creation Confirmation||0.02% (Min ₹35 and Max ₹25,000)||₹20 + Rs. 12 per request (CDSL Charges)|
|Pledge Closure||0.02% (Min ₹35 and Max ₹25,000)||₹20 + Rs. 12 per request (CDSL Charges)|
|Pledge Closure Confirmation||0.02% (Min ₹35 and Max ₹25,000)||₹20 + Rs. 12 per request (CDSL Charges)|
|Pledge Invocation||0.02% (Min ₹35 and Max ₹25,000)||₹20 + Rs. 12 per request (CDSL Charges)|
|Failed Instruction Charges||₹30 per transaction||₹50|
Compare ICICIDirect with Groww 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, Online Bank Transfer from ICICI Bank.
Pay-out/Fund Withdrawal - Bank Transfer only.
|pay-in/adding funds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from Goww
Pay-out/Fund Withdrawal - Bank Transfer only
|Payout Time||Instant to ICICI Bank.||Max 24 hrs except bank holidays|
|Bank Supported and Charges||Info Not Available||Around 25 banks allow instant credit facility with charges of Rs 9 from Groww trading platform.|
|Bank Detail||Direct from your ICICI bank account.||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;
|Special Offers/Promo||Get ICICI Direct 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 2022-12-20T01:09:17+00:00
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