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SBICAP Securities Vs Groww: Which one is better?

Both the brokers are registered with SEBI and offers investment in Equity, F&O and Currency. The brokerage of SBICAP Securities Max .05 to 0.50% per trade while the brokerage of Groww ranges between Rs 20. SBICAP 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 95,38,609 where number of active customer for SBICAP Securities is 8,63,824. Groww is serving more customer compare to SBICAP Securities.

Here we present side-by-side comparison of SBICAP 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 SBICAP 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 SBICAP 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 SBICAP 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
  • 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 SBICAP Securities vs Groww on Service

  SBICAP Securities Compare
SBICAP Securities
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? NSE, BSE NSE, BSE
Active Clients 8,63,824 95,38,609
Broker Overview Open a Demat & Trading Account with India’s leading SBI bank-based full-service broker, SBI Securities. A comprehensive range of products, an integrated 3-in-1 account, easy-to-use mobile app and website, fundamental and technical research ... Know more about SBICAP Securities 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 SBICAP Securities vs Groww on Trading & Demat Account Opening Charges

Comparison of SBICAP Securities with Groww on trading & demat account opening charges and AMC. Trading account opening charges - Groww offer Free account opening where SBICAP Securities charges Rs 850 for account opening. Demat AMC charges - Groww offer Free AMC for Demat account where SBICAP Securities charges Rs 500 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare SBICAP Securities with Groww
Charges SBICAP Securities Groww
Trading Account Opening Fees Rs 850 Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 500 PA Free
Provide DP Service Yes Yes
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About Brokerage Plans

Compare SBICAP Securities vs Groww on Plan Options

Plans are the most important feature you look when compare SBICAP 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.

Compare SBICAP Securities with Groww on Plan Options
Plan Types SBICAP Securities 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 SBICAP Securities vs Groww on Brokerage Charges

SBICAP Securities Brokerage Plan detail - This is a standard plan by SBI Securities. This is a fixed percentage-based brokerage plan. Brokerage is between .05% to .5%, which is 5 paisa to 50 paise.

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 SBICAP Securities with Groww
Brokerage Charges Compare SBICAP Securities Groww
Plan Name Standard or default brokerage plan Flat Brokerage Plan
Equity Delivery 0.50% 0.05% or Rs 20 whichever is lower
Equity Intraday 0.05% 0.05% or Rs 20 whichever is lower
Equity Futures 0.05% Flat Fee Rs 20
Equity Options Rs 100 Per Lot Flat Fee Rs 20
Currency Futures 0.03% Not Available
Currency Options Rs 30 Per Lot Not Available
Commodity Trading Rs. 100 per lot Not Available
Minimum Brokerage Rs 0.05 for Cash, Rs 0.01 Future NIL
Hidden Charges Info Not Available Info Not Available
Funding Yes - 24% interest PA Info Not Available
Call & Trade Charges Free First 30 calls per month, after Rs 10 per call - Max 3 scripts can be trade per call. Rs 50 Per Executable Order
Auto Square off Charges First Free 30 per month, after Rs 10 per square-off Rs 50 Per Executable Order
Brokerage Calculator Brokerage Calculator for SBICAP Securities Brokerage Calculator for Groww
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Share Broker's Transaction Charges

Compare SBICAP Securities vs Groww on Transaction Charges

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

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

Compare SBICAP Securities vs Groww on Account Features

Compare SBICAP Securities with Groww on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - SBICAP 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 SBICAP Securities doesn't offers margin funding. NRI Trading - SBICAP Securities offers NRI where Groww doesn't offers NRI Trading.

Account Features - SBICAP Securities with Groww
Account Features Compare SBICAP Securities Groww
3 in 1 Account Yes, SBICAP Securities have 3-in-1 accounts. Bank Account, Demat and Trading account. No SBICAP Securities have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading No No
SMS Alerts Yes No
Online Demo Yes No
Online Portfolio Yes Yes
Margin Trading Funding Available No Yes
Combined Ledger for Equity and Commodity No No
Intraday Square-off Time 3:15PM 3:10 PM
NRI Trading Yes No
Other Features Trading software terminal: ODIN Diet NIL
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Trading Platform

Compare SBICAP Securities vs Groww on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w SBICAP 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 SBICAP Securities with Groww
Trading Platform Compare SBICAP Securities Groww
Desktop Trading Platform SBISMART XPRESS - NextTrader Groww App
Desktop Demo Desktop Demo Info Not Available
Desktop Platform (Windows) Yes No
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://login1.sbismart.com/nidp/app/login Yes
Web Trading Demo Web Trading Demo Info Not Available
Mobile Site No Yes
Mobile Trading Yes Yes
Mobile Trading App SBISMART Groww App
Mobile Trading App Demo SBISMART Demo Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod SBISMART Download Andriod Groww App Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS SBISMART Download iOS Groww App Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
Trading Software Charges Free Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for SBICAP Securities Equity Intraday and Delivery Brokerage Calculator for Groww
Futures Brokerage Calculator Futures Brokerage Calculator for SBICAP Securities Futures Brokerage Calculator for Groww
Options Brokerage Calculator Options Brokerage Calculator for SBICAP Securities Options Brokerage Calculator for Groww
Detail Detail on Trading Platforms for sbicap-securities Detail on Trading Platforms for groww

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Broker Ratings by Users

Compare SBICAP Securities vs Groww on User Rating

  SBICAP Securities Groww
  78 Customer Reviews    Rate SBICAP Securities 7 Customer Reviews    Rate Groww
Fees Ratings 3.3 4.4
Trading Brokerage Rating 3.1 3.7
Trading Platform Usability 2.8 4.1
Customer Service Ratings 2.7 3.3
Overall Ratings 2.7 4.1
Broker Rating SBICAP Securities is Rated 2.7 / 5 based on 78 customer reviews Groww is Rated 4.1 / 5 based on 7 customer reviews
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Investment Offerings

Compare SBICAP Securities vs Groww on Investment Offerings

Compare SBICAP 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 - Both broker don't offers Commodity Trading (MCX). 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 SBICAP Securities with Groww
Investment Offerings Compare SBICAP Securities Groww
Equity Cash and F&O Yes Yes
Currency Deravitives Yes No
Commodity No No
Online IPO Application Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes No
ETF Yes Yes
Banking Yes No
Insurance Yes No
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment No No
PMS Service No No
Other Investment Options NIL NIL
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Order Types

Compare SBICAP Securities vs Groww on Order Types

Order Type - Compare SBICAP 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) - SBICAP 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) - SBICAP 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)- SBICAP Securities offers After Market Orders where Groww doesn't offers AMO. GTC Orders- SBICAP Securities offers Good Till Cancelled (GTC) orders where Groww doesn't support Good Till Cancelled (GTC) orders.

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

Compare SBICAP Securities vs Groww on Customer Service

Compare SBICAP 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 Support - Compare SBICAP Securities with Groww
Customer Service Compare SBICAP Securities Groww
24/7 Customer Service SBICAP Securities vs Groww - 24x7 customer support No No
Email Support SBICAP Securities vs Groww - Email Support Yes Yes
Onine Live Chat SBICAP Securities vs Groww - Onine Live Chat No Yes
Phone Support SBICAP Securities vs Groww - Phone Support Yes Yes
Toll Free Number SBICAP Securities vs Groww - Toll Free Number Yes No
Through Branches SBICAP Securities vs Groww - Through Branches Yes No
Customer Care Number SBICAP Securities vs Groww - Customer Care Number 022 6854 5555 9108800604
Account Opening Process SBICAP Securities vs Groww - Account Opening Process Offline Online
Customer Support Email SBICAP Securities vs Groww - Customer Support Email [email protected] [email protected]
Knowledge Center/Education SBICAP Securities vs Groww - Knowledge Center/Education https://www.sbismart.com/education https://groww.in/academy
Head Office Address SBICAP Securities vs Groww - Head Office Address/Corporate Address SBICAP SECURITIES LTD.,
A&B WING, MARATHON FUTUREX
12TH FLOOR, N.M.JOSHI MARG
LOWER PAREL,
MUMBAI - 400013
Groww Head Office
1st Floor, Proms Complex, SBI Colony,
1 A Koramangala, 560034
Website SBICAP Securities vs Groww - Company Website https://www.sbismart.com https://groww.in/
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Tips/Research/Reports Published

Compare SBICAP Securities vs Groww on Research Reports, Tips

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

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

Compare SBICAP Securities vs Groww on Demat Account

Compare SBICAP 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 SBICAP Securities is ₹500.

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 SBICAP Securities is 0.01% of the transaction value (Min ₹21 and Max ₹300) 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 SBICAP Securities with Groww
  SBICAP Securities Groww
DP Source CDSL CDSL
DP ID SBICAP Securities vs Groww - DP ID 19300 No
Demat Account Annual Maintenance Charges(AMC) ₹500 Zero
Advance Deposit 0 for all Nil
Statutory charges Nil Legal Charges
Transaction Charges on Debit (Per ISIN) 0.01% of the transaction value (Min ₹21 and Max ₹300) ₹8 + ₹5.50 CDSL charges
Demat ₹5 per certificate + ₹35 courier charges ₹150 per certificate + courier charges
Remat ₹35 per certificate + CDSL Charges ₹150 per certificate + courier charges
Pledge Creation 0.02% of transaction value or Min ₹25 whichever is higher + CSDL charges ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Creation Confirmation 0.02% of transaction value or Min ₹25 whichever is higher + CSDL charges ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Closure 0.02% of transaction value or Min ₹25 whichever is higher + CSDL charges ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Closure Confirmation 0.02% of transaction value or Min ₹25 whichever is higher + CSDL charges ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Invocation 0.02% of transaction value or Min ₹25 whichever is higher + CSDL charges ₹20 + Rs. 12 per request (CDSL Charges)
Failed Instruction Charges ₹10 ₹50
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare SBICAP Securities vs Groww on Special Offers and Promotion

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

Compare SBICAP Securities vs Groww on Special Offers and Promotion
  SBICAP Securities Groww
Pay In and Pay Out Options SBICAP Securities vs Groww - Pay In and Pay Out Options Pay-in/adding funds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from SBISmart Mobile, SBISMART XPRESS Desktop and SBISMART Web application.
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 SBICAP Securities vs Groww - Payout Time Upto 24 Hrs except Bank Holidays. Max 24 hrs except bank holidays
Bank Supported and Charges SBICAP Securities vs Groww - Bank Supported and Charges Direct to SBI Bank. Around 25 banks allow instant credit facility with charges of Rs 9 from Groww trading platform.
Bank Detail Direct to SBI bank account Info Not Available
Likes
  • Trade on BSE, NSE, and MCX.
  • Instant paperless 3-in-1 account opening with SBI Bank.
  • Free web and app-based trading platforms.
  • Invest in IPO, mutual funds, insurance, and get loans.
  • Place upto 5 IPO applications from a single bank account.
  • Comprehensive fundamental and technical research services across asset classes.
  • Free trading tips and recommendations.
  • Educative blogs, and videos as a learning source.
  • Margin trading services.
  • Advance orders; bracket order (BO), Cover order (CO), and after market order (AMO).
  • Place Good Till Date (GTD) order.

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
  • It charges high brokerage than other brokers like Zerodha, Upstox, etc.
  • It does not provide any desktop trading software for pro traders.
  • The first 30 calls & trade orders are free and then, Rs. 10 per order + GST fee is charged.
  • It doesn’t have any fixed/flat discount brokerage plan.
  • Customers are not satisfied with the SBI Securities services.

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 2023-09-13T02:35:55+00:00