Both the brokers are registered with SEBI. Indira Securities offers investmenet in Equity, F&O, Currency and Commodities, where Groww offers investment in Equity, F&O and Currency only. The brokerage of Indira Securities Max 0.01% to 0.10% per trade while the brokerage of Groww ranges between Rs 20. Indira Securities 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 53,73,705 where number of active customer for Indira Securities is 8,104. Groww is serving more customer compare to Indira Securities.
Here we present side-by-side comparison of Indira Securities 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 Indira Securities 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 Indira Securities 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 Indira Securities 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||Open a free Indira Securities account and trade Faster and Smarter with Trade Insta Mobile app and Trader Terminal platform. Algo trading, free research calls & trading tips, portfolio management services, and mutual fund robotic advisory are the...||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 Indira Securities 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 Indira Securities charges Rs 400 PA AMC for Demat account.
|Trading Account Opening Fees||Free||Free|
|Demat Account Opening Fees||Free||Free|
|Demat AMC||Rs 400 PA||Free|
|Provide DP Service|
Plans are the most important feature you look when compare Indira Securities with Groww. 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||Indira Securities||Groww|
|Account Opening Request|
Indira Securities Brokerage Plan detail - Indira Trade offers a fixed % based brokerage plan to customers.
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||Indira Securities||Groww|
|Plan Name||Traditional Brokerage Plan||Flat Brokerage Plan|
|Equity Delivery||0.10%||0.05% or Rs 20 whichever is lower|
|Equity Intraday||0.01%||0.05% or Rs 20 whichever is lower|
|Equity Futures||0.01%||Flat Fee Rs 20|
|Equity Options||Rs. 25 per lot (both side)||Flat Fee Rs 20|
|Currency Futures||Flat Fee Rs 20||Not Available|
|Currency Options||Futures: 0.01%|Options: Rs. 25 per lot (both side)||Not Available|
|Commodity Trading||Futures: 0.01%|Options: Rs. 25 per lot (both side)||Not Available|
|Hidden Charges||Info Not Available||Info Not Available|
|Funding||Yes - 18% interest PA||Info Not Available|
|Call & Trade Charges||Free||Rs 50 Per Executable Order|
|Auto Square off Charges||Free||Rs 50 Per Executable Order|
|Brokerage Calculator||Brokerage Calculator for Indira Securities||Brokerage Calculator for Groww|
Compare Indira Securities with Groww on transaction charges and PCM fee by segment.
|Transaction Charges Compare||Indira Securities||Groww|
|Equity Delivery||Rs 335 Per Cr||Rs 335 Per Cr|
|Equity Intraday||Rs 335 Per Cr||Rs 335 Per Cr|
|Equity Futures||Rs 200 Per Cr||Rs 200 Per Cr|
|Equity Options||Rs 5050 Per Cr||Rs 5050 Per Cr|
|Currency Futures||Rs 90 Per Cr||Rs 90 Per Cr|
|Currency Options||Rs 3500 Per Cr||Rs 3500 Per Cr|
|Commodity||Non-Agri Rs 260| Agri Rs 600 Per Cr||NA|
|Brokerage Charges||Complete Brokerage Plans for indira-securities||Complete Brokerage Plans for groww|
Compare Indira Securities with Groww 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 - Indira Securities 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 - Indira Securities offers NRI where Groww doesn't offers NRI Trading.
|Account Features Compare||Indira Securities||Groww|
|3 in 1 Account|
|Margin Trading Funding Available|
|Combined Ledger for Equity and Commodity|
|Intraday Square-off Time||3:15 PM||3:10 PM|
With our expert research team, we have compared all the major features of Trading platform b/w Indira Securities 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||Indira Securities||Groww|
|Desktop Trading Platform||ODIN Diet|
|Desktop Demo||Desktop Demo||Info Not Available|
|Desktop Platform (Windows)|
|Desktop Platform (Mac)|
|Web Trading Platform|
|Web Trading Detail||https://www.indiratrade.com/trade-online||Yes|
|Web Trading Demo||Web Trading Demo||Info Not Available|
|Mobile Trading App||TradeInsta||Yes|
|Mobile Trading App Demo||TradeInsta Demo||Info Not Available|
|Android Mobile App|
|Android App Download||Andriod TradeInsta Download||Andriod Yes Download|
|iPhone Mobile App (IOS)|
|iOS App Download||iOS TradeInsta 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 Indira Securities||Equity Intraday and Delivery Brokerage Calculator for Groww|
|Futures Brokerage Calculator||Futures Brokerage Calculator for Indira Securities||Futures Brokerage Calculator for Groww|
|Options Brokerage Calculator||Options Brokerage Calculator for Indira Securities||Options Brokerage Calculator for Groww|
|Detail||Detail on Trading Platforms for indira-securities||Detail on Trading Platforms for groww|
Compare Indira Securities 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 - Indira 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||Indira Securities||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 Indira Securities 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) - Indira Securities 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) - Indira Securities provide Bracket Orders (BO) where Groww doesn't offer.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)- Indira Securities offers After Market Orders where Groww doesn't offers AMO. GTC Orders- Indira Securities offers Good Till Cancelled (GTC) orders where Groww doesn't support Good Till Cancelled (GTC) orders.
|Order Type Compare||Indira Securities||Groww|
|AMO-After Market Orders|
|GTC-Good Till Cancelled|
Compare Indira Securities 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||Indira Securities||Groww|
|24/7 Customer Service|
|Onine Live Chat|
|Toll Free Number|
|Customer Care Number||+91-(0)731-4797105/115/146||9108800604|
|Account Opening Process||Online/Paperless||Online|
|Customer Support Email||[email protected]||[email protected]|
|Head Office Address||
||Groww Head Office 1st Floor, Proms Complex, SBI Colony, 1 A Koramangala, 560034|
Compare Indira Securities with Groww on research reports and tips provided by the broker.
Compare Indira Securities 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 Indira Securities is ₹450 pa (Second year onwards).
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 Indira Securities is ₹20 or 0.02% whichever is higher 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)||₹450 pa (Second year onwards)||Zero|
|Statutory charges||Nil||Legal Charges|
|Transaction Charges on Debit (Per ISIN)||₹20 or 0.02% whichever is higher||₹8 + ₹5.50 CDSL charges|
|Demat||₹5 per certificate + ₹35 courier charges||₹150 per certificate + courier charges|
|Remat||₹50 per RRN||₹150 per certificate + courier charges|
|Pledge Creation||₹50||₹20 + Rs. 12 per request (CDSL Charges)|
|Pledge Creation Confirmation||Nil||₹20 + Rs. 12 per request (CDSL Charges)|
|Pledge Closure||₹50||₹20 + Rs. 12 per request (CDSL Charges)|
|Pledge Closure Confirmation||Nil||₹20 + Rs. 12 per request (CDSL Charges)|
|Pledge Invocation||₹50 or 0.02% whichever is higher||₹20 + Rs. 12 per request (CDSL Charges)|
|Failed Instruction Charges||₹25||₹50|
|Other Charges||Book Charges ₹20,POA Charges ₹130||Nil|
Compare Indira Securities 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, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from TradeInsta.
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
Max 24 hrs except bank holidays
|Max 24 hrs except bank holidays|
|Bank Supported and Charges||
Around 25 banks allow instant credit facility with charges of Rs 9 from IndiraTrade trading platform (TradeInsta).
|Around 25 banks allow instant credit facility with charges of Rs 9 from Groww trading platform.|
|Bank Detail||HDFC Bank
Branch: U.V.HOUSE SOUTH TUKOGANJ, INDORE, MP
|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||Open a Free demat and Trading Account with Indira Securities and Trade at a Flat Fee Rs 20 Per Order.|
|Enquiry||Open Zerodha Account Now>>||Open Zerodha Account Now>>|
Last Updated on 2023-05-08T04:24:32+00:00
Free Eq Delivery & MF
Flat ₹20 Per Trade
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Flat ₹20 Per Trade in F&O
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FREE Intraday Trading (Eq, F&O)
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Free Demat Account
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