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Monarch Networth Vs Groww: Which one is better?

Both the brokers are registered with SEBI. Monarch Networth offers investmenet in Equity, F&O, Currency and Commodities, where Groww offers investment in Equity, F&O and Currency only. The brokerage of Monarch Networth Max 0.03% to 0.30% per trade while the brokerage of Groww ranges between Rs 20. Monarch Networth is a Full Service Broker where Groww is a Discount Broker. Monarch Networth is having overall lower rating compare to Groww. Monarch Networth is rated only 3 out of 5 where Groww is rated 4 out of 5. Number of active customer for Groww is 53,73,705 where number of active customer for Monarch Networth is 55,152. Groww is serving more customer compare to Monarch Networth.

Here we present side-by-side comparison of Monarch Networth 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 Monarch Networth 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 Monarch Networth 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 Monarch Networth vs Groww'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 Monarch Networth vs Groww on Service

	Monarch Networth	Groww
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type	Full Service Broker	Discount Broker
Exchanges Supported	BSE, NSE, MCX, NCDEX	NSE, BSE
Active Clients	55,152	53,73,705
Broker Overview	Free Demat Account opening, flexible brokerage plans, an array of online trading platforms, and free equity, commodity, & currency research make Monarch Networth a recommended broker in the list.	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...
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Account Opening Charges and AMC

Compare Monarch Networth vs Groww on Trading & Demat Account Opening Charges

Comparison of Monarch Networth 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 Monarch Networth charges Rs 225 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Monarch Networth with Groww

Charges	Monarch Networth	Groww
Trading Account Opening Fees	Free	Free
Trading AMC	Free	Free
Demat Account Opening Fees	Free	Free
Demat AMC	Rs 225 PA	Free
Provide DP Service

About Brokerage Plans

Compare Monarch Networth vs Groww on Plan Options

Plans are the most important feature you look when compare Monarch Networth 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.

Compare Monarch Networth with Groww on Plan Options

Plan Types	Monarch Networth	Groww
Multiple Plans
Monthly Plans
Yearly Plans

Account Opening Request

Account Opening

Brokerage Charges

Compare Monarch Networth vs Groww on Brokerage Charges

Monarch Networth Brokerage Plan detail - This is a standard plan by Networth Direct. This is a % based brokerage plan that charges a fixed fee of 0.03% to 0.30%.

Groww Brokerage Plan detail - Flat brokerage plan that charges Rs. 20 per order on trading in intraday segment whereas offers free delivery trading.

Share Broker's Transaction Charges

Compare Monarch Networth vs Groww on Transaction Charges

Compare Monarch Networth with Groww on transaction charges and PCM fee by segment.

Account Features

Compare Monarch Networth vs Groww on Account Features

Compare Monarch Networth 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 - Monarch Networth 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 - Monarch Networth offers NRI where Groww doesn't offers NRI Trading.

Account Features - Monarch Networth with Groww

Account Features Compare	Monarch Networth	Groww
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	3:15PM	3:10 PM
NRI Trading
Other Features	Trading software terminal: Fast trade	NIL

Trading Platform

Compare Monarch Networth vs Groww on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Monarch Networth 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 Monarch Networth with Groww

Trading Platform Compare	Monarch Networth	Groww
Desktop Trading Platform	FastTrade
Desktop Demo	Info Not Available	Info Not Available
Desktop Platform (Windows)
Desktop Platform (Mac)
Web Trading Platform
Web Trading Detail	https://trade.mnclgroup.com	Yes
Web Trading Demo	Info Not Available	Info Not Available
Mobile Site
Mobile Trading
Mobile Trading App	MNCL Mobile Trader	Yes
Mobile Trading App Demo	Info Not Available	Info Not Available
Android Mobile App
Android App Download	Andriod MNCL Mobile Trader Download	Andriod Yes Download
iPhone Mobile App (IOS)
iOS App Download	iOS MNCL Mobile Trader Download	iOS Yes Download
Android Tablet App
iPad App (IOS)
Trading Software Charges	Info Not Available	Free
Equity Brokerage Calculator	Equity Intraday and Delivery Brokerage Calculator for Monarch Networth	Equity Intraday and Delivery Brokerage Calculator for Groww
Futures Brokerage Calculator	Futures Brokerage Calculator for Monarch Networth	Futures Brokerage Calculator for Groww
Options Brokerage Calculator	Options Brokerage Calculator for Monarch Networth	Options Brokerage Calculator for Groww
Detail	Detail on Trading Platforms for monarch-networth-capital	Detail on Trading Platforms for groww

Broker Ratings by Users

Compare Monarch Networth vs Groww on User Rating

	Monarch Networth	Groww
	12 Customer Reviews	6 Customer Reviews
Fees Ratings
Trading Brokerage Rating
Trading Platform Usability
Customer Service Ratings
Overall Ratings
Broker Rating	Monarch Networth is Rated 3.3 / 5 based on 12 customer reviews	Groww is Rated 4.5 / 5 based on 6 customer reviews

Investment Offerings

Compare Monarch Networth vs Groww on Investment Offerings

Compare Monarch Networth 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 - Monarch Networth 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 Monarch Networth with Groww

Investment Offerings Compare	Monarch Networth	Groww
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	Health Plan, General Insurance	NIL

Order Types

Compare Monarch Networth vs Groww on Order Types

Order Type - Compare Monarch Networth 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) - 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)- Monarch Networth offers After Market Orders where Groww doesn't offers AMO. GTC Orders- Both broker doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare Monarch Networth with Groww

Order Type Compare	Monarch Networth	Groww
CNC order
MIS order
NRML order
Cover order
Bracket order
AMO-After Market Orders
GTC-Good Till Cancelled

Customer Service Offered

Compare Monarch Networth vs Groww on Customer Service

Compare Monarch Networth 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 Support - Compare Monarch Networth with Groww

Customer Service Compare	Monarch Networth	Groww
24/7 Customer Service
Email Support
Onine Live Chat
Phone Support
Toll Free Number
Through Branches
Customer Care Number	022-43211800 /079-26666500	9108800604
Account Opening Process	Info Not Available	Online
Customer Support Email	[email protected]	[email protected]
Knowledge Center/Education	Info Not Available	https://groww.in/academy
Head Office Address	Info Not Available	Groww Head Office 1st Floor, Proms Complex, SBI Colony, 1 A Koramangala, 560034
Website	https://www.mnclgroup.com/	https://groww.in/

Tips/Research/Reports Published

Compare Monarch Networth vs Groww on Research Reports, Tips

Compare Monarch Networth with Groww on research reports and tips provided by the broker.

Research Reports - Compare Monarch Networth with Groww

	Monarch Networth	Groww
Research Mutual Funds
Research Equity Reports
Research ETF
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Demat Account

Compare Monarch Networth vs Groww on Demat Account

Compare Monarch Networth 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 Monarch Networth is ₹500 pa.

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 Monarch Networth is ₹25 or 0.025% (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 Charges - Compare Monarch Networth with Groww

	Monarch Networth	Groww
DP Source	CDSL	CDSL
DP ID	No	No
Demat Account Annual Maintenance Charges(AMC)	₹500 pa	Zero
Advance Deposit	NIL	Nil
Statutory charges	Nil	Legal Charges
Transaction Charges on Debit (Per ISIN)	₹25 or 0.025% (Whichever is higher)	₹8 + ₹5.50 CDSL charges
Demat	₹5 per certificate (Min ₹40) + ₹45 courier charges	₹150 per certificate + courier charges
Remat	₹10 for every hundred securities or ₹20 per certificate (whichever is higher) + ₹45 courier charges	₹150 per certificate + courier charges
Pledge Creation	₹50 per transaction	₹20 + Rs. 12 per request (CDSL Charges)
Pledge Creation Confirmation	Nil	₹20 + Rs. 12 per request (CDSL Charges)
Pledge Closure	₹25 per transaction	₹20 + Rs. 12 per request (CDSL Charges)
Pledge Closure Confirmation	Nil	₹20 + Rs. 12 per request (CDSL Charges)
Pledge Invocation	₹25 per transaction	₹20 + Rs. 12 per request (CDSL Charges)
Failed Instruction Charges	Nil	₹50
Other Charges	Nil	Nil

Special Offers,Advantages,Disadvantages

Compare Monarch Networth vs Groww on Special Offers and Promotion

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

Compare Monarch Networth vs Groww on Special Offers and Promotion

	Monarch Networth	Groww
Pay In and Pay Out Options	Info Not Available	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	Info Not Available	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	Info Not Available	Info Not Available
Likes	All-in-one broker for your trading and investing requirements. Zero Demat account opening fees. Multiple pricing plans for customers. Trade on the mobile trader app and web platform. Global investing platform to invest in the US stocks. Free Research offerings; equity research, commodity & currency, stock ideas, etc. Robust PAN-India presence. Detail Review...	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...
Dislikes	Primitive user interface of MNCL Mobile app that makes it difficult to use for beginners. Does not offer NRI trading. Does not provide a 3-in-1 trading account. No Good till triggered (GTT) order facility. Detail Review...	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...
Special Offers/Promo
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