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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 91,85,024 where number of active customer for Monarch Networth is 58,113. 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 Compare
Monarch Networth
Groww Compare
Groww
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Full Service Broker Discount Broker
Exchanges Supported What is this parameter? BSE, NSE, MCX, NCDEX NSE, BSE
Active Clients 58,113 91,85,024
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 to invest in direct mutual funds for Free and trade in stocks at a Rs 20 flat fee! Also, its easy-to-use, crystal clear user interface, and safe & secure Groww app and web-based platform makes investing hassl...Know more about Groww
Broker Enquiry Request call back from Zerodha Request call back from Zerodha
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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 Yes Yes
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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 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 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.

Brokerage Charges - Compare Monarch Networth with Groww
Brokerage Charges Compare Monarch Networth Groww
Plan Name Basic Trading Plan (Percentage Based) Flat Brokerage Plan
Equity Delivery 0.30% 0.05% or Rs 20 whichever is lower
Equity Intraday 0.03% 0.05% or Rs 20 whichever is lower
Equity Futures 0.03% Flat Fee Rs 20
Equity Options Rs 100 per lot Flat Fee Rs 20
Currency Futures 0.03% Not Available
Currency Options Rs 100 per lot Not Available
Commodity Trading Rs 100 per lot Not Available
Minimum Brokerage NIL NIL
Hidden Charges Info Not Available Info Not Available
Funding Info Not Available Info Not Available
Call & Trade Charges NA Rs 50 Per Executable Order
Auto Square off Charges NA Rs 50 Per Executable Order
Brokerage Calculator Brokerage Calculator for Monarch Networth Brokerage Calculator for Groww
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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.

Transaction Charges - Compare Monarch Networth with Groww
Transaction Charges Compare Monarch Networth Groww
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 Non-Agri: Rs 260 Per Cr | Agri: Rs 175 Per Cr NA
Brokerage Charges Complete Brokerage Plans for monarch-networth-capital Complete Brokerage Plans for groww
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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 No Monarch Networth have 2-in-1 account. Only Demate and Trading account. No Monarch Networth have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading Yes No
SMS Alerts Yes No
Online Demo Yes No
Online Portfolio Yes Yes
Margin Trading Funding Available Yes Yes
Combined Ledger for Equity and Commodity Yes No
Intraday Square-off Time 3:15PM 3:10 PM
NRI Trading Yes No
Other Features Trading software terminal: Fast trade NIL
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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 Groww App
Desktop Demo Info Not Available Info Not Available
Desktop Platform (Windows) Yes No
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://trade.mnclgroup.com Yes
Web Trading Demo Info Not Available Info Not Available
Mobile Site No Yes
Mobile Trading Yes Yes
Mobile Trading App MNCL Mobile Trader Groww App
Mobile Trading App Demo Info Not Available Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod MNCL Mobile Trader Download Andriod Groww App Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS MNCL Mobile Trader Download iOS Groww App Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
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

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Broker Ratings by Users

Compare Monarch Networth vs Groww on User Rating

  Monarch Networth Groww
  12 Customer Reviews    Rate Monarch Networth 7 Customer Reviews    Rate Groww
Fees Ratings 2.8 4.4
Trading Brokerage Rating 3.0 3.7
Trading Platform Usability 3.3 4.1
Customer Service Ratings 3.2 3.3
Overall Ratings 3.3 4.1
Broker Rating Monarch Networth is Rated 3.3 / 5 based on 12 customer reviews Groww is Rated 4.1 / 5 based on 7 customer reviews
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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 Yes Yes
Currency Deravitives Yes No
Commodity Yes No
Online IPO Application No Yes
Mutual Funds Yes Yes
Bond / NCD Yes No
ETF Yes Yes
Banking No No
Insurance Yes No
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment No No
PMS Service No No
Other Investment Options Health Plan, General Insurance NIL
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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 Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order No No
Bracket order No No
AMO-After Market Orders Yes No
GTC-Good Till Cancelled No No
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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 Monarch Networth vs Groww - 24x7 customer support No No
Email Support Monarch Networth vs Groww - Email Support Yes Yes
Onine Live Chat Monarch Networth vs Groww - Onine Live Chat No Yes
Phone Support Monarch Networth vs Groww - Phone Support Yes Yes
Toll Free Number Monarch Networth vs Groww - Toll Free Number No No
Through Branches Monarch Networth vs Groww - Through Branches Yes No
Customer Care Number Monarch Networth vs Groww - Customer Care Number 022-43211800 /079-26666500 9108800604
Account Opening Process Monarch Networth vs Groww - Account Opening Process Info Not Available Online
Customer Support Email Monarch Networth vs Groww - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Monarch Networth vs Groww - Knowledge Center/Education Info Not Available https://groww.in/academy
Head Office Address Monarch Networth vs Groww - Head Office Address/Corporate Address Info Not Available Groww Head Office
1st Floor, Proms Complex, SBI Colony,
1 A Koramangala, 560034
Website Monarch Networth vs Groww - Company Website https://www.mnclgroup.com/ https://groww.in/
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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 Monarch Networth vs Groww - Research Mutual Funds No No
Research Equity Reports Monarch Networth vs Groww - Research Equity Reports No No
Research ETF Monarch Networth vs Groww - Research ETF No No
Daily Market Report Monarch Networth vs Groww - Daily Market Report Yes No
Free Tips Monarch Networth vs Groww - Free Tips Yes No
Quarterly Result Analysis Monarch Networth vs Groww - Quarterly Results Yes No
News Alerts Monarch Networth vs Groww - Yes No
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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 Monarch Networth vs Groww - 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
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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 Monarch Networth vs 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 Monarch Networth vs Groww - Payout Time Info Not Available Max 24 hrs except bank holidays
Bank Supported and Charges Monarch Networth vs Groww - 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...

  • Trade or invest in equity, F&O, mutual funds, IPO, US Stocks
  • Rs 0 account opening fee with no AMC
  • Best UI Interface-enabled app and website
  • Equity and F&O trading at Rs 20 maximum brokerage
  • No cost investment in direct mutual funds.
  • TradingView charts and wide range of technical indicators
  • Advance orders like GTT, Target order, and Basket order
  • Get instant and flexible loans on Groww
  • Get the latest trending news and updates on the Groww Digest

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...

  • Does not offer commodity and currency trading
  • No desktop trading terminal
  • Bracket order and cover order are not available
  • No intraday trading tips and stock research reports
  • NRIs cannot open an account in Groww

Detail Review...

Special Offers/Promo
Enquiry Open Zerodha Account Now>> Open Zerodha Account Now>>

Last Updated on 2023-08-27T23:54:07+00:00