Groww Vs Angel One: Stock Broker Comparison

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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.

Angel one vs Groww Brokerage Charges October 2024

Company Background

Groww is a Bengaluru-based financial technology company that was founded in 2016 by four former 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 one of the oldest and most established stockbroking firms in India. It was founded in 1987 by Dinesh Thakkar and is headquartered in Mumbai, Maharashtra. 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.

Also Read: All About Unpaid Dividend and How to Claim It.

Groww Vs Angel One Charges

  • Groww Vs Angel One – Account Opening Charges and AMC
Account opening
and Demat charges
GrowwAngel One
Equity Trading Account Opening ChargesZeroZero
Commodity Account Opening ChargesN/AZero
Trading Account AMC ChargesZeroZero
Demat Account Opening ChargesZeroZero
Demat Account AMC ChargesZeroZero (Up to INR 50,000)
INR 100 + GST (Between INR 50,000 to 2,00,000)

Read Also: State-wise IPO in India

  • Groww Vs Angel One Brokerage Charges
ParticularsGrowwAngel One
Equity DeliveryINR 20 per order or 0.1% whichever is lowerZero
Equity IntradayINR 20 per executed order or 0.1% whichever is lowerINR 0 brokerage up to INR 500 for first 30 days*
Then, lower of INR 20 or 0.01% per executed order
Equity FuturesINR 20 per executed orderINR 0 brokerage up to INR 500 for first 30 days*
Then, INR 20 per executed order
Equity OptionsINR 20 per executed orderINR 0 brokerage up to INR 500 for first 30 days*
Then, INR 20 per executed order
Currency FuturesN/AINR 0 brokerage up to INR 500 for first 30 days*
Then, INR 20 per executed order
Currency OptionsN/AINR 0 brokerage up to INR 500 for first 30 days*
Then, INR 20 per executed order
Commodity
Futures
N/AINR 0 brokerage up to INR 500 for first 30 days*
Then, INR 20 per executed order
Commodity
Options 
N/AINR 0 brokerage up to INR 500 for first 30 days*
Then, INR 20 per executed order
Call & Trade ChargeN/AINR 20 per order
Minimum BrokerageINR 20 or 0.1% in Equity Intraday, Delivery0.03% in Equity Intraday
P&L/CMR ChargesINR 20 + INR 100 (courier charge) + 18% GST for subsequent requestsNil
*Brokerage up to INR 500 will not be charged for the first 30 days time period after onboarding. The offer will expire either on completion of 30 days from onboarding or complete consumption of INR 500 brokerage discount within the same period.

Also Read: Zerodha Vs Upstox – Detailed Broker Comparison

  • Groww Vs Angel One – Transaction Charges
ParticularsGrowwAngel One
Equity Delivery NSE: 0.00297% | BSE: 0.00375% (Both Buy and Sell)NSE: 0.00297% (Both Buy & Sell)
Equity IntradayNSE: 0.00297% | BSE: 0.00375% (Both Buy and Sell)NSE: 0.00297% (Both Buy & Sell)
Equity FuturesNSE: 0.00173% | BSE: 0 (Both Buy and Sell)NSE: 0.00173% l BSE: Nil (Both Buy & Sell)
Equity OptionsNSE: 0.03503% | BSE: 0.0325% (on premium)NSE: 0.03503% | BSE: Sensex 50/Stock options 0.0050%, Sensex/Bankex options 0.0325%
Currency FuturesN/ANSE: 0.00035%| BSE: 0.00045%
Currency OptionsN/ANSE: 0.0311%| BSE: 0.001%
Commodity FuturesN/AMCX: 0.00210% | NCDEX: 0.0058%
Commodity OptionsN/AMCX: 0.0418% | NCDEX: Options: 0.03%, Guar seeds options 0.015%
  • Groww Vs Angel One – Other Statutory Charges
ParticularsGrowwAngel One
STT/CTT Equity Delivery0.1% (Both Buy and Sell)0.1% (Both Buy and Sell)
STT/CTT Equity Intraday 0.025% on the Sell Side0.025% on the Sell Side
STT/CTT Equity Futures 0.02% on Sell SideNSE: 0.02% | BSE:0.02% on the Sell Side
STT/CTT Equity Options0.1% on Sell Side (on Premium)NSE: 0.1% | BSE:0.1% on the Sell Side
STT/CTT Currency Futures & OptionsN/AZero
STT/CTT Commodity Futures N/A0.01% Only on Non-Agri on the Sell Side
STT/CTT Commodity OptionsN/A0.05% on the Sell side
SEBI Turnover ChargesINR 10/croreINR 10/crore
GST18% 18%
Stamp Equity Delivery 0.015% or INR 1500/crore on buy-side0.015% or INR 1500/crore on buy-side
Stamp Equity Intraday0.003% or INR 300/crore on buy-side0.003% or INR 300/crore on buy-side
Stamp Equity Futures 0.002% or INR 200/crore on buy-side0.002% or INR 200/crore on buy-side (Both NSE & BSE)
Stamp Equity Options0.003% or INR 300/crore on buy-side0.003% or INR 300/crore on buy-side (Both NSE & BSE)
Stamp Currency FuturesN/A0.0001% or INR 10/crore on buy-side
Stamp Currency OptionsN/A0.003% or INR 30/crore on buy-side
Stamp Commodity FuturesN/A0.002% or INR 200/crore on buy-side
Stamp Commodity OptionsNA0.003% or INR 300/crore on buy-side
DP (Depository participant) ChargesINR 18.25 per company only on Sell (INR 0 < 100 Debit Value)INR 20 per scrip
Pledging ChargesINR 20 per ISIN, for Pledge/Unpledge OrderINR 15 per scrip
Auto Square off ChargesINR 50 per squared-off positionINR 20 per executed order
API Subscription ChargesZeroZero

Also Read: Top Stock Brokers In India

  • Angel One Vs Groww – Feature Comparison
FeatureGrowwAngel One
3 in 1 AccountNoYes
Algo TradingNoYes
ChartingYesYes
Trading PlatformGroww web, Groww Mobile for AndroidAngel One App (Mobile)
Angel Eye (Website)
Angel Speedpro (Trading Terminal)
SMS AlertsNoYes
Online DemoNoYes
Online PortfolioYesYes
Margin Trading Funding AvailableYesYes
Margin Against Shares (Equity Cash)YesYes
Margin Against Shares (Equity F&O)YesYes
Intraday Square-off Time3:20 PM3:15 PM
Referral ProgramYesYes

Also Read: Click here for Groww’s Brokerage Calculator

Angel One Vs Groww – Active Clients and Market Share

ParticularsGrowwAngel One
Number of Active Clients1,25,94,87775,29,017
Market Share25.76%15.40%
Complaints1,5231,259
angel one vs groww

Read Also: Top Drone Stocks in India

Groww Vs Angel One – Pros and Cons

GrowwAngel One
Pros1. Zero Account opening fee
2. Zero Maintenance Charges
3. India’s No. 1 broker in terms of the number of active clients
4. A straightforward pricing model with affordable trading fees
5. Seamlessly apply for IPOs online
6. Instant paperless account opening
7. Benefit from a direct Mutual Fund platform that can boost your returns by an additional 1.5%
8. Enjoy free Mutual Fund investments with complete transparency and no hidden fees
9. Open an account instantly without the need for paperwork
10. Access a wealth of knowledge through E-books, Resources, and Blogs that cover the fundamentals and market updates
1. Brokerage-free equity delivery trades
2. The brokerage of flat INR 20 per trade in Intraday and F&O
3. Margin trading facility and securities as collateral are available
4. Free research reports and trading tips
5. Easy-to-use online trading platforms
6. Do not charge for NEFT/fund transfers
7. Free advisory/tips for stocks and mutual funds
8. Local sub-broker/RM services even at a discount brokerage
9. Facility to call RM if there are issues
Cons1. Commodity and currency segment trading is not offered
2. Margin against shares is not available
3. Stock tips, research reports, or recommendations are not offered
4. Call and Trade services are unavailable
5. Branch support is not provided
6. There is no Margin trading facility
7. Advanced order types like BO, CO, AMO, and GTT are not supported
8. NRI Trading services are not offered.
9. Trailing stop loss orders are not available in the Groww app
10. Doesn’t offer trading in SME shares
1. Angel broking doesn’t offer trading in SME share
2. Angel RM and the sales team tries to cross sale other products and services
3. Margin funding is given to the customers without notice. This causes major confusion and customers pay hefty interest charges
4. GTC/GTT order facility not available
5. Doesn’t offer a 3-in-1 account

Read Also: Best IPOs that Doubled Investors’ Money

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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 summarize 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.

Open Your Demat Account with Zerodha, Angel One, 5 Paisa, Upstox, and Groww.

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