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.
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 | Groww | Angel One |
Equity Trading account opening charges | Zero (free) | Zero (free) |
Commodity Account Opening Charges | Zero (free) | Zero (free) |
Trading Account AMC Charges | Zero (free) | Zero (free) |
Demat Account Opening Charges | Zero (free) | Zero (free) |
Demat Account AMC Charges | Zero (free) | INR 240 |
- Groww Vs Angel One Brokerage charges
Particulars | Groww | Angel One |
Equity Delivery | INR 20 per order or 0.05% whichever is lower | Zero (free) |
Equity Intraday | INR 20 per executed order or 0.05% whichever is lower | INR 20 per executed order |
Equity Futures | INR 20 per executed order | INR 20 per executed order |
Equity Options | INR 20 per executed order | INR 20 per executed order |
Currency Futures | N/A | INR 20 per executed order |
Currency Options | N/A | INR 20 per executed order |
Commodity Futures | N/A | INR 20 per executed order |
Commodity Options | N/A | INR 20 per executed order |
Call & Trade Charge | N/A | INR 20 per order |
Open Account | Open your demat account with Groww | Open your demat account with Angel One |
Also Read: Zerodha Vs Upstox – Detailed Broker Comparison
- Groww Vs Angel One – Transaction Charges
Particulars | Groww | Angel One |
Equity Delivery | NSE: 0.00325% | BSE: 0.003% (Both Buy and Sell) | NSE: 0.00335% (Both Buy & Sell) |
Equity Intraday | NSE: 0.00325% | BSE: 0.003% (Both Buy and Sell) | NSE: 0.00335% (Both Buy & Sell) |
Equity Futures | NSE: 002% | NSE: 0.053% on premium |
Equity Options | NSE: 0.053% on premium | NSE : 0.00325% | BSE: 0.003% (Both Buy and Sell) |
Currency Futures | N/A | NSE: 0.035% | BSE:0.001% (on premium) |
Currency Options | N/A | NSE: 0.0009% | BSE: 0.00022% |
Commodity | N/A | MCX: 0.0015% | NCDEX: 0.003% |
- 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 | 0.01% on Sell Side | 0.01% on Sell Side |
STT/CTT Equity Options | 0.05% on Sell Side (on Premium) | 0.05% on Sell Side (on Premium) |
STT/CTT Currency Futures & Options | No | No |
STT/CTT Commodity Futures | 0.01% on sell side | 0.01% on sell side |
STT/CTT Commodity Options | 0.05% on sell side | 0.05% on sell-side |
SEBI Turnover Charges | INR 10 Crore | INR 10 Crore |
GST | 18% on (Brokerage + Transaction Charge + SEBI Fee) | 18% on (Brokerage + Transaction Charge + SEBI Fee) |
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 |
Stamp Equity Options | 0.003% or INR 300/crore on buy-side | 0.003% or INR 300/crore on buy-side |
Stamp Currency Futures & Options | 0.0001% or INR 10/crore on buy-side | 0.0001% or INR 10/crore on buy-side |
Stamp Commodity Futures | 0.002% or INR 200/crore on buy-side | 0.002% or INR 200/crore on buy-side |
Stamp Commodity Options | 0.003% or INR 300/crore on buy-side | 0.003% or INR 300/crore on buy-side |
DP (Depository participant) Charges | INR 13.5 only on Sell | INR 20 only on Sell |
Pledging Charges | INR 20 + INR 12 per request (CDSL Charges) | INR 20 per ISIN (INR 50 per ISIN for BSDA Client) |
Auto Square off Charges | INR 20 per squared-off position | 0.05% on sell-side |
Also Read: Top Stock Brokers In India
- Angel One Vs Groww – Feature Comparison
Feature | Groww | Angel One |
3 in 1 Account | No | Yes |
Algo Trading | No | Yes |
Charting | Yes | Yes |
Trading Platform | Groww Web Groww Mobile | 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 | No | Yes |
Margin Against Shares (Equity Cash) | No | Yes |
Margin Against Shares (Equity F&O) | No | Yes |
Intraday Square-off Time | 3:10 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 | 56,54,456 | 44,13,421 |
Market Share | 15.2% | 12.3% |
Complaints | 272 | 746 |
Groww Vs Angel One – Pros and Cons
Groww | Angel One | |
Pros | 1. Low-cost trading charges. 2. Free Demat Account opening. 3. Free Mutual Fund investments. 4. Zero Account opening fee and maintenance Charges. 5. Direct MF platform that helps you earn an extra 1.5% returns. 6. Investor education content is available on their website and youtube channel. 7. Paperless account opening. 8. Online IPO application. 9. Inhouse Brokerage Calculator 10. Option to invest online in digital gold and US Stocks. 11. Online KYC. | 1. Free equity delivery trades. 2. Free Demat Account opening. 3. The brokerage of flat INR 20 per trade in Intraday and F&O. 4. User-friendly online trading platforms. 5. Free research reports and trading tips are available. 6. Margin trading facility and securities as collateral are available. 7. Does not charge for NEFT/fund transfers. (Others charge INR 10 per). 8. Only charges INR 20 for intraday square-off and call & trade (others charge INR 50). 9. Local sub-broker/RM services even at a discount brokerage. 10. Direct RM calls are available in case of services required. |
Cons | 1. Limited investment products with no option to currently trade in derivatives (futures & options), commodity, and currency segment. 2. Does not offer trading in SME shares. 3. Branch support is not available. 4. Does not provide stock tips, research reports, or recommendations. 5. No Margin trading facility. 6. No Margin against shares. 7. Does not offer NRI Trading. | 1. Customers pay hefty interest charges as margin funding is given to them without any notice. 2. Doesn’t offer trading in SME shares. 3. Cross selling of products by RM is an usual practice. . |
Conclusion
The stock broking industry is booming in India and evolving with new market trends, new trading and investing platforms. It is very important for investors to look for the right platform and the most efficient one. Our articles help in summarizing pros and cons in the stock broking industry. Therefore, choose the platform which 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, Groww.
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