Groww and Angel One are among the top stock brokers in India. In this article, we are going to do a Groww Vs Angel One comparison to find out their pros and cons. Groww is known for its user-friendly and accessible features, Angel One, on the other hand, is best known for its years of experience in the industry and its market research reports. Both of them are doing their best in the industry to dominate and preserve their market share. Let’s dive into the features they offer to get an idea about which is a more preferable online stock broking platform.
Table of Contents
Company Background
Groww is the largest stock broker in India in terms of client base and market share. It was founded by four ex-Flipkart employees: Lalit Keshre, Harsh Jain, Neeraj Singh, and Ishan Bansal. The company started with a vision to simplify the investment process and make it accessible to the masses.
Angel One is a Mumbai-based brokerage and is considered one of the oldest and most established firms in India. It was founded by Dinesh Thakkar in 1987. The company started as a sub-broker to serve investors in the Mumbai region but rapidly expanded its operations to become a full-service retail and institutional brokerage.
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Angel One vs Groww Which is Better – Active Clients and Market Share
| Particulars | Groww | Angel One |
| Number of Active Clients | 1,30,11,867 | 76,49,188 |
| Market Share | 26.28% | 15.45 |
| Complaints | 1928 | 1,888 |
Groww Vs Angel One Charges
- Groww Vs Angel One – Account Opening Charges and AMC
| Account opening and Demat charges | Groww | Angel One |
| Equity Trading Account Opening Charges | Zero | Zero |
| Commodity Account Opening Charges | N/A | Zero |
| Trading Account AMC Charges | Zero | Zero |
| Demat Account Opening Charges | Zero | Zero |
| Demat Account AMC Charges | Zero | First year free, INR 240 annually from second year |
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- Groww Vs Angel One Brokerage Charges
| Particulars | Groww | Angel One |
| Equity Delivery | INR 20 per order or 0.1% whichever is lower | Zero |
| Equity Intraday | INR 20 per executed order or 0.1% whichever is lower | INR 0 brokerage up to INR 500 for first 30 days Then, lower of INR 20 or 0.03% per executed order |
| Equity Futures | INR 20 per executed order | INR 0 brokerage up to INR 500 for first 30 days* Then, INR 20 per executed order |
| Equity Options | INR 20 per executed order | INR 0 brokerage up to INR 500 for first 30 days* Then, INR 20 per executed order |
| Currency Futures | N/A | INR 0 brokerage up to INR 500 for first 30 days* Then, INR 20 per executed order |
| Currency Options | N/A | INR 0 brokerage up to INR 500 for first 30 days* Then, INR 20 per executed order |
| Commodity Futures | N/A | INR 0 brokerage up to INR 500 for first 30 days* Then, INR 20 per executed order |
| Commodity Options | N/A | INR 0 brokerage up to INR 500 for first 30 days* Then, INR 20 per executed order |
| Call & Trade Charge | N/A | INR 20 per order |
| Minimum Brokerage | INR 20 or 0.1% in Equity Intraday, Delivery | INR 20 or 0.03% in Equity Intraday |
| P&L/CMR Charges | INR 20 + INR 100 (courier charge) + 18% GST for subsequent requests | Nil |
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- Groww Vs Angel One – Transaction Charges
| Particulars | Groww | Angel One |
| Equity Delivery | NSE: 0.00297% | BSE: 0.00375% (Both Buy and Sell) | NSE: 0.00297% (Both Buy & Sell) |
| Equity Intraday | NSE: 0.00297% | BSE: 0.00375% (Both Buy and Sell) | NSE: 0.00297% (Both Buy & Sell) |
| Equity Futures | NSE: 0.00173% | BSE: 0 (Both Buy and Sell) | NSE: 0.00173% l BSE: Nil (Both Buy & Sell) |
| Equity Options | NSE: 0.03503% | BSE: 0.0325% (on premium) | NSE: 0.03503% | BSE: Sensex 50/Stock options 0.0050%, Sensex/Bankex options 0.0325% |
| Currency Futures | N/A | NSE: 0.00035%| BSE: 0.00045% |
| Currency Options | N/A | NSE: 0.0311%| BSE: 0.001% |
| Commodity Futures | N/A | MCX: 0.00210% | NCDEX: 0.0058% |
| Commodity Options | N/A | MCX: 0.0418% | NCDEX: Options: 0.03%, Guar seeds options 0.015% |
- Groww Vs Angel One – Other Statutory Charges
| Particulars | Groww | Angel One |
| STT/CTT Equity Delivery | 0.1% (Both Buy and Sell) | 0.1% (Both Buy and Sell) |
| STT/CTT Equity Intraday | 0.025% on the Sell Side | 0.025% on the Sell Side |
| STT/CTT Equity Futures | 0.02% on Sell Side | NSE: 0.02% | BSE:0.02% on the Sell Side |
| STT/CTT Equity Options | 0.1% on Sell Side (on Premium) | NSE: 0.1% | BSE:0.1% on the Sell Side |
| STT/CTT Currency Futures & Options | N/A | Zero |
| STT/CTT Commodity Futures | N/A | 0.01% Only on Non-Agri on the Sell Side |
| STT/CTT Commodity Options | N/A | 0.05% on the Sell side |
| SEBI Turnover Charges | INR 10/crore | INR 10/crore |
| GST | 18% | 18% |
| Stamp Equity Delivery | 0.015% or INR 1500/crore on buy-side | 0.015% or INR 1500/crore on buy-side |
| Stamp Equity Intraday | 0.003% or INR 300/crore on buy-side | 0.003% or INR 300/crore on buy-side |
| Stamp Equity Futures | 0.002% or INR 200/crore on buy-side | 0.002% or INR 200/crore on buy-side (Both NSE & BSE) |
| Stamp Equity Options | 0.003% or INR 300/crore on buy-side | 0.003% or INR 300/crore on buy-side (Both NSE & BSE) |
| Stamp Currency Futures | N/A | 0.0001% or INR 10/crore on buy-side |
| Stamp Currency Options | N/A | 0.003% or INR 30/crore on buy-side |
| Stamp Commodity Futures | N/A | 0.002% or INR 200/crore on buy-side |
| Stamp Commodity Options | NA | 0.003% or INR 300/crore on buy-side |
| DP (Depository participant) Charges | INR 18.25 per company only on Sell (INR 0 < 100 Debit Value) | INR 20 per scrip |
| Pledging Charges | INR 20 per ISIN, for Pledge/Unpledge Order | INR 15 per scrip |
| Auto Square off Charges | INR 50 per squared-off position | INR 20 per executed order |
| API Subscription Charges | INR 499 per month for access to all trading | Zero |
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- Angel One Vs Groww – Feature Comparison
| Feature | Groww | Angel One |
| 3 in 1 Account | No | No |
| Algo Trading | Yes | Yes |
| Charting | Yes | Yes |
| Trading Platform | Groww web, Groww Mobile for Android | Angel One App (Mobile), Angel Eye (Website), Angel SpeedPro (Trading Terminal) |
| SMS Alerts | Yes | Yes |
| Online Demo | Yes | Yes |
| Online Portfolio | Yes | Yes |
| Margin Trading Funding Available | Yes | Yes |
| Margin Against Shares (Equity Cash) | Yes | Yes |
| Margin Against Shares (Equity F&O) | Yes | Yes |
| Intraday Square-off Time | 3:20 PM | 3:15 PM |
| Referral Program | Yes | Yes |
Also Read: Click here for Groww’s Brokerage Calculator
Angel One Vs Groww – Active Clients and Market Share
| Particulars | Groww | Angel One |
| Number of Active Clients | 1,31,58,530 | 77,54,030 |
| Market Share | 26.23% | 15.46% |
| Complaints | 1,744 | 1,631 |
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Groww Vs Angel One – Pros and Cons
| Groww | Angel One | |
| Pros | 1. India’s No. 1 broker by number of active clients 2. Zero account opening fee 3. Zero maintenance charges (No Demat AMC) 4. Flat INR 20 per trade brokerage 5. Instant paperless account opening 6. Online IPO application available 7. Direct Mutual Fund platform with potential 1.5% extra returns 8. Free Mutual Fund investments with no hidden fees 9. Educational resources: E-books, blogs, market insights 10. Option to invest in digital gold 11. Trading in SME shares available | 1. Brokerage-free equity delivery trades 2. Flat INR 20 brokerage per order for Intraday and F&O across all segments and exchanges 3. Only INR 20 charged for intraday square-off and Call & Trade services 4. Full-service brokerage features at ultra-low brokerage fees 5. Margin trading facility and securities as collateral available 6. Free research reports, trading tips, and advisory for stocks and mutual funds 7. No charges for NEFT/fund transfers 8. Training and hand-holding support for beginners 9. Easy-to-use online trading platforms 10. Access to dedicated Relationship Managers (RMs) and local sub-brokers even at discount pricing |
| Cons | 1. Limited investment products compared to full-service brokers 2. No Call and Trade facility 3. No stock tips, research reports, or investment recommendations 4. SME shares and SME IPOs are not supported 5. No physical branch or offline support (entirely online) 6. Advanced order types like BO, CO, and AMO not available 7. Margin Against Share is available 8. Trailing Stop Loss orders not supported 9. NRI Trading and Demat accounts not offered | 1. Relationship managers (RMs) and sales team may aggressively cross-sell other products and services 2. Margin funding may be applied without clear notice, causing confusion and unexpected interest charges 3. Doesn’t offer a 3-in-1 trading account (no integrated banking services) |
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Conclusion
The stock broking industry is booming in India and evolving with new market trends and new trading and investing platforms. Investors need to look for the right platform and the most efficient one. Our articles help you to decide whether Groww or Angel One which is better. This also summarizes the pros and cons of the stock broking industry. Therefore, choose the platform that aligns with your goals and mindset.
We hope this Groww vs Angel One broker comparison has helped you with valuable information. Please let us know your thoughts in the comments below.
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