Groww Vs ICICI Direct
Groww
Groww Review gives an overall view of the updates about the Brokerage Charges, Margin, Updated Trading Software 2024, We can also review Groww Demat Account Charges, NRI Account, Branches, Customer Support, Advantages and Disadvantages.
ICICI Direct
ICICI Direct is a full service Broker. ICICI Direct gives an overall review and updates about Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Support, Advantages and Disadvantages.
Groww Vs ICICI Direct - Broker Details
| Groww | ICICI Direct | |
|---|---|---|
| Single Margin Facility |
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| Year of Incorporation | 2016 | 1995 |
| Exchanges | NSE and BSE. | BSE and NSE. |
| Branches | Zero | 250+ |
| Brokerage | ₹20/ Order | Prime Plan: ₹900/- |
| Broker Type | Discount Broker | Full service Broker |
Groww Vs ICICI Direct - Account Opening & AMC Charges
| Groww | ICICI Direct | |
|---|---|---|
| Trading Account Opening Charge | ₹0 (Free) | ₹0 (Free) |
| Demat Account Opening Charge | ₹0 (Free) | ₹0 (Free) |
| Demat Account AMC | ₹0 (Free) | ₹700 (From 2nd Year) | ₹300 for Neo Customers |
| Trading Account AMC | ₹0 (Free) | ₹0 (Free) |
Groww Vs ICICI Direct - Brokerage charges & Plans
| Groww | ICICI Direct | |
|---|---|---|
| Commodity Futures | N/A | ₹20/ Order |
| Currency Futures | N/A | ₹20/ Order |
| Equity Delivery | ₹20/ Order or 0.05% (whichever is lower) | ₹0.09% |
| Equity Options | ₹20/ Order or 0.05% (whichever is lower) | ₹20/ Order |
| Commodity Options | N/A | ₹20/ Order |
| Equity Futures | ₹20/ Order or 0.05% (whichever is lower) | ₹20/ Order |
| Currency Options | N/A | ₹20/ Order |
| Fixed Charges | ₹20/ Order | ₹20/ Order |
| Equity Intraday | ₹20/ Order or 0.05% (whichever is lower) | ₹20/ Order |
Groww Vs ICICI Direct - Other Charges
| Groww | ICICI Direct | |
|---|---|---|
| RMS Square Off Charge | ₹50/ Order | ₹50/ Order |
| API Charges | ₹0 (Free) | ₹0 (Free) |
| Call & Trade Charges | N/A | ₹50/ Order |
| Other Brokerage Charges | ₹20/ Order or 0.05% | Prime Plan: ₹900/- |
| Minimum Brokerage | ₹20/ Order | ₹20/ Order |
Groww Vs ICICI Direct - Transaction Charges
| Groww | ICICI Direct | |
|---|---|---|
| Currency Options | N/A | Exchange turnover charge: 0.04% |Clearing charge: 0.025% |
| Equity Futures | NSE:- 0.002% | NSE: 0.002% |
| Equity Intraday | NSE:- 0.00345% | BSE:- 0.00345% | NSE: 0.00345% | BSE: 0.00345% |
| Equity Options | NSE:- 0.053% on premium | NSE: 0.053% |
| Commodity | N/A | Non-Agri: Exchange turnover charge: 0.0026% |
| Currency Futures | N/A | Exchange turnover charge: 0.0009% | Clearing charge: 0.0004% |
| Equity Delivery | NSE:- 0.00345% | BSE:-0.00345% | 0.00345% trade on buy & sell |
Groww Vs ICICI Direct - Margin (Exposure)
| Groww | ICICI Direct | |
|---|---|---|
| Equity Options | 1x | 1x (100% of NRML margin (Span + Exposure) |
| Equity Intraday | 5x | 5x (Up to 20% of trade value) |
| Currency Options | N/A | 1x (100% of NRML margin (Span + Exposure) |
| Commodity Options | N/A | 1x (100% of NRML margin (Span + Exposure) |
| Commodity Futures | N/A | 1x (100% of NRML margin (Span + Exposure) |
| Equity Delivery | 1x (no margin) | 1x (100% of trade value) |
| Currency Futures | N/A | 1x (100% of NRML margin (Span + Exposure) |
| Equity Futures | 1x | 1x (100% of NRML margin (Span + Exposure) |
Groww Vs ICICI Direct - Features
| Groww | ICICI Direct | |
|---|---|---|
| Online Portfolio |
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| Algo Trading |
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| Margin Trading Facility |
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| Call & Trade Facility |
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| Referral Program |
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| Collateral Margin |
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| Online Demo |
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| 3 in 1 Account |
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| Charting |
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| Intraday Square-off Time | Equity & F&O:- 3:20pm | Currency:- 4:30 PM | Commodity:- 11:25 PM | Equity & F&O:- 3:20pm | Currency: 4:30PM | Commodities: 11:20 PM |
| Trading Platform | Groww Web (Browser based trading website) , Groww Mobile Application | 1. ICICI Direct.com (Website). 2. Trade Racer (Trading Terminal). 3. ICICI Direct Mobile App. |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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Groww Vs ICICI Direct - Review & Rating
| Groww | ICICI Direct | |
|---|---|---|
| Trading Brokerage | ||
| Customer Service | ||
| Fees | ||
| Trading Platform Usability | ||
| Mobile App | ||
| Research | ||
| Desktop Software | ||
| Overall Ratings | ||
| Broker Rating | ||
| Call Back Open Account | Call Back Open Account |
Groww Vs ICICI Direct - Request a call back from Broker
| Groww | ICICI Direct | |
|---|---|---|
Groww Vs ICICI Direct - Investment Options
| Groww | ICICI Direct | |
|---|---|---|
| Currency |
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| IPO |
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| Commodity |
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| Debt |
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| Other Options |
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| Stock Cash / Equity |
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| Mutual Funds |
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| Bond / NCD |
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Groww Vs ICICI Direct - Order Type
| Groww | ICICI Direct | |
|---|---|---|
| Bracket Order/BO/OCO |
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| BTST |
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| Cover Order/CO |
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| Good Till Cancelled (GTC) |
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| BUY ABOVE/SELL BELOW (SL-M) |
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| After Market Order(AMO) |
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| STBT |
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Groww Vs ICICI Direct - Research & Report
| Groww | ICICI Direct | |
|---|---|---|
| Free Tips |
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| Quarterly Result Analysis |
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| Daily Market Report |
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| News Alerts |
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Groww Vs ICICI Direct - Daily Market Report
| Groww | ICICI Direct | |
|---|---|---|
| Daily Market Reports & News |
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Groww Vs ICICI Direct - Suitable For Investor
| Groww | ICICI Direct | |
|---|---|---|
| Casual Investor |
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| Active Investor |
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| Trader |
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Groww Vs ICICI Direct - Pros & Cons
| Groww | ICICI Direct | |
|---|---|---|
| Pros | 1.Commission free investment for customer. 2.Transparent without any hidden charges. 3. Upto 1.5% extra returns on direct mutual funds. 4.Provide facility to invest in US stocks, Gold and ETFs. 5.Online IPO application. 6.Zero charges on direct mutual funds 7. Very simple and intuitive UI. 8. Offers a wide range of premium features. 9.SEBI registered advisor in the name of Finvantage Investment Advisor Pvt Ltd. 10. In-built customer support section or directly email them on support@groww.in. 11.Groww also has a live chat option. | 1. It facilitates its customers by providing an integrated three-in-one account. 2. ICICI direct manages the customer’s demat and bank accounts by transferring the money to the broker’s pool or toward deposits. 3. The investments can be made in online in IPOs, Mutual Funds, GOI Funds and the postal savings schemes all of it from one website. 4. It allows trading at both the national exchanges i.e. NSE and BSE. |
| Cons | 1.Dilution in the name of diversification. 2.Due to higher cost of some mutual funds, so mutual funds charge for managing the funds, fund manager salary, distribution cost etc. 3.It does not suit customers with unpredictable cash flows. 4.Customer is unable to analyse funds technically and in-depth. | 1. The brokerage of ICICI direct is high and not negotiable. 2. It does not offer commodity trading. 3. The minimum brokerage as the standard I-Secure plan is ₹20/Order that is high for the traders making small trades. 4. ICICI Direct provides ₹0.05 per share brokerage on the stocks quoting up to ₹10. It becomes difficult to trade in the penny stocks. 5. It charges ₹50 per call for the call and trader after first 20 free calls in a month. |
Groww Vs ICICI Direct - Background
| Groww | ICICI Direct | |
|---|---|---|
Groww Vs ICICI Direct - Compare All Brokers
| Groww | ICICI Direct | |
|---|---|---|
Groww Vs ICICI Direct - STT/CTT
| Groww | ICICI Direct | |
|---|---|---|
| Commodity Futures | N/A | 0.01% on sell side (Non-Agri) |
| Currency Futures | No STT | No STT |
| Equity Intraday | 0.025% only on sell | NSE: 0.00345% trade on buy & sell | BSE: charges vary as per the scrip group |
| Equity Options | 0.05% only on sell | 0.05% on Sell Side(on Premium) |
| Currency Options | No STT | No STT |
| Equity Delivery | 0.1% on both buy & sell | 0.1% on both Buy and Sell |
| Equity Futures | 0.01% only on sell | 0.01% on Sell Side |
| Commodity Options | N/A | 0.05% on sell side |
Groww Vs ICICI Direct - Demat transaction charges
| Groww | ICICI Direct | |
|---|---|---|
| Equity Demat Transaction Charges | ₹13.5 Gst per scrip per day only on sell | Sell - 0.04% of the value of securities (Minimum ₹30 and maximum ₹25,000) |
Groww Vs ICICI Direct - GST
| Groww | ICICI Direct | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% ( Brokerage + Transaction charges) | 18% on (Brokerage + Transaction Charge + SEBI Fee) |
Groww Vs ICICI Direct - SEBI Charges
| Groww | ICICI Direct | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/ Crore | ₹10/Crore |
Groww Vs ICICI Direct - Account Opening & AMC Charges
Groww
ICICI Direct
Trading Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account AMC
₹0 (Free)
₹700 (From 2nd Year) | ₹300 for Neo Customers
Trading Account AMC
₹0 (Free)
₹0 (Free)
Groww Vs ICICI Direct
| Groww | ICICI Direct | |
|---|---|---|
Groww Review | Brokerage Charges, Account OpeningGroww is an Indian SEBI registered stockbroker that targets first time investor and millennials. Groww established in April 2016 in Bangalore as a brand of Nextbillion Technology Private Limited. In the mid of 2024s, Groww broker review has expanded its services and started stocks investing service on its platform. Groww application .. + " Vs "+ ICICI Direct |
ICICI Direct Review | Brokerage Charges, Account OpeningWith ICICIdirect, you can access retail trading and investment services from India's largest and most trusted stock broker, ICICI securities. It offers customers diverse online trading and investment services through its ICICIdirect platform.
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ICICI Direct
ICICI Direct is a full service Broker. ICICI Direct gives an overall review and updates about Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Support, Advantages and Disadvantages.
Groww Vs ICICI Direct - Brokerage charges & Plans
| Groww | ICICI Direct | |
|---|---|---|
| Commodity Futures | N/A | ₹20/ Order |
| Currency Futures | N/A | ₹20/ Order |
| Equity Delivery | ₹20/ Order or 0.05% (whichever is lower) | ₹0.09% |
| Equity Options | ₹20/ Order or 0.05% (whichever is lower) | ₹20/ Order |
| Commodity Options | N/A | ₹20/ Order |
| Equity Futures | ₹20/ Order or 0.05% (whichever is lower) | ₹20/ Order |
| Currency Options | N/A | ₹20/ Order |
| Fixed Charges | ₹20/ Order | ₹20/ Order |
| Equity Intraday | ₹20/ Order or 0.05% (whichever is lower) | ₹20/ Order |
| Call Back Open Account | Call Back Open Account |
Groww Vs ICICI Direct - Margin (Exposure)
| Groww | ICICI Direct | |
|---|---|---|
| Equity Options | 1x | 1x (100% of NRML margin (Span + Exposure) |
| Equity Intraday | 5x | 5x (Up to 20% of trade value) |
| Currency Options | N/A | 1x (100% of NRML margin (Span + Exposure) |
| Commodity Options | N/A | 1x (100% of NRML margin (Span + Exposure) |
| Commodity Futures | N/A | 1x (100% of NRML margin (Span + Exposure) |
| Equity Delivery | 1x (no margin) | 1x (100% of trade value) |
| Currency Futures | N/A | 1x (100% of NRML margin (Span + Exposure) |
| Equity Futures | 1x | 1x (100% of NRML margin (Span + Exposure) |
| Call Back Open Account |
Groww Vs ICICI Direct - Other Charges
| Groww | ICICI Direct | |
|---|---|---|
| RMS Square Off Charge | ₹50/ Order | ₹50/ Order |
| API Charges | ₹0 (Free) | ₹0 (Free) |
| Call & Trade Charges | N/A | ₹50/ Order |
| Other Brokerage Charges | ₹20/ Order or 0.05% | Prime Plan: ₹900/- |
| Minimum Brokerage | ₹20/ Order | ₹20/ Order |
Groww Vs ICICI Direct - STT/CTT
| Groww | ICICI Direct | |
|---|---|---|
| Commodity Futures | N/A | 0.01% on sell side (Non-Agri) |
| Currency Futures | No STT | No STT |
| Equity Intraday | 0.025% only on sell | NSE: 0.00345% trade on buy & sell | BSE: charges vary as per the scrip group |
| Equity Options | 0.05% only on sell | 0.05% on Sell Side(on Premium) |
| Currency Options | No STT | No STT |
| Equity Delivery | 0.1% on both buy & sell | 0.1% on both Buy and Sell |
| Equity Futures | 0.01% only on sell | 0.01% on Sell Side |
| Commodity Options | N/A | 0.05% on sell side |
Groww Vs ICICI Direct - Demat transaction charges
| Groww | ICICI Direct | |
|---|---|---|
| Equity Demat Transaction Charges | ₹13.5 Gst per scrip per day only on sell | Sell - 0.04% of the value of securities (Minimum ₹30 and maximum ₹25,000) |
Groww Vs ICICI Direct - GST
| Groww | ICICI Direct | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% ( Brokerage + Transaction charges) | 18% on (Brokerage + Transaction Charge + SEBI Fee) |
Groww Vs ICICI Direct - SEBI Charges
| Groww | ICICI Direct | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/ Crore | ₹10/Crore |
Groww Vs ICICI Direct - Features
| Groww | ICICI Direct | |
|---|---|---|
| Online Portfolio |
|
|
| Algo Trading |
|
|
| Margin Trading Facility |
|
|
| Call & Trade Facility |
|
|
| Referral Program |
|
|
| Collateral Margin |
|
|
| Online Demo |
|
|
| 3 in 1 Account |
|
|
| Charting |
|
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| Intraday Square-off Time | Equity & F&O:- 3:20pm | Currency:- 4:30 PM | Commodity:- 11:25 PM | Equity & F&O:- 3:20pm | Currency: 4:30PM | Commodities: 11:20 PM |
| Trading Platform | Groww Web (Browser based trading website) , Groww Mobile Application | 1. ICICI Direct.com (Website). 2. Trade Racer (Trading Terminal). 3. ICICI Direct Mobile App. |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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| Call Back Open Account |