IIFL Securities Vs Groww
IIFL Securities
IIFL securities is a full service Broker. IIFL Securities Review gives an overall view and updates about the Brokerage Charges, Margin, Trading Software, Demat Account Charges, NRI Account, Branches, Customer Support, Advantages and Disadvantages.
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.
IIFL Securities Vs Groww - Broker Details
| IIFL Securities | Groww | |
|---|---|---|
| Single Margin Facility |
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| Year of Incorporation | 1995 | 2016 |
| Exchanges | NSE, BSE, MCX and NCDEX | NSE and BSE. |
| Branches | 2000+ | Zero |
| Brokerage | ₹20/ Order | ₹20/ Order |
| Broker Type | Full Service Broker | Discount Broker |
| Call Back Open Account | Call Back Open Account |
IIFL Securities Vs Groww - Account Opening & AMC Charges
| IIFL Securities | Groww | |
|---|---|---|
| Trading Account Opening Charge | ₹0 (Free) | ₹0 (Free) |
| Demat Account Opening Charge | ₹0 (Free) | ₹0 (Free) |
| Demat Account AMC | ₹0 (Free) for the first year | ₹250 + GST from the next year onwards | ₹0 (Free) |
| Trading Account AMC | ₹0 (Free) | ₹0 (Free) |
| Call Back Open Account | Call Back Open Account |
IIFL Securities Vs Groww - Brokerage charges & Plans
| IIFL Securities | Groww | |
|---|---|---|
| Commodity Futures | ₹20/ Order | N/A |
| Currency Futures | ₹20/ Order | N/A |
| Equity Delivery | ₹20/ Order | ₹20/ Order or 0.05% (whichever is lower) |
| Equity Options | ₹20/ Order | ₹20/ Order or 0.05% (whichever is lower) |
| Commodity Options | ₹20/ Order | N/A |
| Equity Futures | ₹20/ Order | ₹20/ Order or 0.05% (whichever is lower) |
| Currency Options | ₹20/ Order | N/A |
| Fixed Charges | ₹20/ Order | ₹20/ Order |
| Equity Intraday | ₹20/ Order | ₹20/ Order or 0.05% (whichever is lower) |
| Call Back Open Account | Call Back Open Account |
IIFL Securities Vs Groww - Other Charges
| IIFL Securities | Groww | |
|---|---|---|
| RMS Square Off Charge | ₹50/ Order | ₹50/ Order |
| API Charges | ₹0 (Free) | ₹0 (Free) |
| Call & Trade Charges | ₹0 (Free) | N/A |
| Other Brokerage Charges | ₹20/ Order | ₹20/ Order or 0.05% |
| Minimum Brokerage | ₹20/ Order | ₹20/ Order |
| Call Back Open Account | Call Back Open Account |
IIFL Securities Vs Groww - Transaction Charges
| IIFL Securities | Groww | |
|---|---|---|
| Currency Options | NSE: Exchange turnover charge: 0.04% | Clearing charge: 0.025% | BSE: Exchange turnover charge: 0.001% |Clearing charge: 0.025% | N/A |
| Equity Futures | NSE: 0.00195% on Total Turnover value | NSE:- 0.002% |
| Equity Intraday | NSE: 0.00335% on Turnover Value (Buy & Sell) | NSE .00275% on Turnover Value (Buy & Sell) | BSE: Charges vary as per The Scrip Group | Exchange turnover charge: 0.00022% | Clearing charge: 0.0004% | NSE:- 0.00345% | BSE:- 0.00345% |
| Equity Options | NSE: 0.053% on Premium value | NSE:- 0.053% on premium |
| Commodity | Non-Agri: 0.00210% On Turnover For A Category (Near & Next Month To) 0.0013% On Turnover For A Category (Far Month TO) 0.00175% On Turnover For B Category Agri: 0.006% On Turnover For A Category 0.002% On Turnover For B Category 0.0001% On Turnover For C Category Special Charges For Followers Scrip: 0.0005% On Turnover For CASTORSEED 0.0005% On Turnover For KAPAS 0.00005% On Turnover For PEPPER 0.001% On Turnover For RBDPMOLEIN | N/A |
| Currency Futures | NSE: Exchange turnover charge: 0.0009% |Clearing charge: 0.0004% | BSE: Exchange turnover charge: 0.00022% |Clearing charge: 0.0004% | N/A |
| Equity Delivery | NSE: 0.00335% on Turnover Value (Buy & Sell) | NSE .00275% on Turnover Value (Buy & Sell) | BSE: Charges vary as per The Scrip Group Exchange turnover charge: 0.00022% | Clearing charge: 0.0004% | NSE:- 0.00345% | BSE:-0.00345% |
| Call Back Open Account | Call Back Open Account |
IIFL Securities Vs Groww - Margin (Exposure)
| IIFL Securities | Groww | |
|---|---|---|
| Equity Options | 1x (100% of NRML margin (Span + Exposure) | 1x |
| Equity Intraday | 5x (Up to 20% of trade value) | 5x |
| Currency Options | 1x (100% of NRML margin (Span + Exposure) | N/A |
| Commodity Options | 1x (100% of NRML margin (Span + Exposure) | N/A |
| Commodity Futures | 1x (100% of NRML margin (Span + Exposure) | N/A |
| Equity Delivery | 1x (100% of trade value) | 1x (no margin) |
| Currency Futures | 1x (100% of NRML margin (Span + Exposure) | N/A |
| Equity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x |
| Call Back Open Account | Call Back Open Account |
IIFL Securities Vs Groww - Features
| IIFL Securities | Groww | |
|---|---|---|
| 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:- 3:15 PM | Currency 4:45 PM | Commodity:- 11:25 PM | Equity & F&O:- 3:20pm | Currency:- 4:30 PM | Commodity:- 11:25 PM |
| Trading Platform | 1. IIFL App 2. IIFL TT Web 3. IIFL Trader Terminal | Groww Web (Browser based trading website) , Groww Mobile Application |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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| Call Back Open Account | Call Back Open Account |
IIFL Securities Vs Groww - Review & Rating
| IIFL Securities | Groww | |
|---|---|---|
| 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 |
IIFL Securities Vs Groww - Request a call back from Broker
| IIFL Securities | Groww | |
|---|---|---|
| Call Back Open Account | Call Back Open Account |
IIFL Securities Vs Groww - Investment Options
| IIFL Securities | Groww | |
|---|---|---|
| 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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| Call Back Open Account | Call Back Open Account |
IIFL Securities Vs Groww - Order Type
| IIFL Securities | Groww | |
|---|---|---|
| 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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| Call Back Open Account | Call Back Open Account |
IIFL Securities Vs Groww - Research & Report
| IIFL Securities | Groww | |
|---|---|---|
| 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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| Call Back Open Account | Call Back Open Account |
IIFL Securities Vs Groww - Daily Market Report
| IIFL Securities | Groww | |
|---|---|---|
| Daily Market Reports & News |
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| Call Back Open Account | Call Back Open Account |
IIFL Securities Vs Groww - Suitable For Investor
| IIFL Securities | Groww | |
|---|---|---|
| Casual Investor |
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| Active Investor |
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| Trader |
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| Call Back Open Account | Call Back Open Account |
IIFL Securities Vs Groww - Pros & Cons
| IIFL Securities | Groww | |
|---|---|---|
| Pros | 1. It is a full-service broker that has an extended network of branches to guide and help the customers online as well as offline. 2. It provides equity and Mutual Fund research and recommendation services to all its customers. 3. It provides the best trading terminal to its customers. 4. It has a vast range of financial products that includes stocks, derivatives, bonds, IPO, Mutual Funds, Corporate FDs and Insurance. 5. It facilitates its customers with a RM (Relationship Manager). 6. It offers Equity Systematic Investment Plan I.e. Equity SIP. 7. It provides advanced order type like Valid till Date (VTD). | 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. |
| Cons | 1. Brokerage charges are high as compared to the discount brokers. 2. It does not provide three-in-one account since IIFL does not have banking license. 3. It does not provide the facility of Mutual funds. | 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. |
| Call Back Open Account | Call Back Open Account |
IIFL Securities Vs Groww - Background
| IIFL Securities | Groww | |
|---|---|---|
| Call Back Open Account | Call Back Open Account |
IIFL Securities Vs Groww - Compare All Brokers
| IIFL Securities | Groww | |
|---|---|---|
| Call Back Open Account | Call Back Open Account |
IIFL Securities Vs Groww - STT/CTT
| IIFL Securities | Groww | |
|---|---|---|
| Commodity Futures | 0.01% on Sell Side Non-Agri | N/A |
| Currency Futures | No STT | No STT |
| Equity Intraday | 0.025% on Sell | 0.025% only on sell |
| Equity Options | 0.05% on Sell (on Premium) | 0.05% only on sell |
| Currency Options | No STT | No STT |
| Equity Delivery | 0.1% on both buy & Sell | 0.1% on both buy & sell |
| Equity Futures | 0.01 % on Sell | 0.01% only on sell |
| Commodity Options | 0.05% on Sell Side | N/A |
| Call Back Open Account | Call Back Open Account |
IIFL Securities Vs Groww - Demat transaction charges
| IIFL Securities | Groww | |
|---|---|---|
| Equity Demat Transaction Charges | Equity (F&O, Intraday):- No Charges | Equity Delivery- ₹20+ Gst per scrip only on Sell | ₹13.5 Gst per scrip per day only on sell |
| Call Back Open Account | Call Back Open Account |
IIFL Securities Vs Groww - GST
| IIFL Securities | Groww | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% on (Brokerage + Transaction Charge) | 18% ( Brokerage + Transaction charges) |
| Call Back Open Account | Call Back Open Account |
IIFL Securities Vs Groww - SEBI Charges
| IIFL Securities | Groww | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/Crore | ₹10/ Crore |
| Call Back Open Account | Call Back Open Account |
IIFL Securities Vs Groww - Account Opening & AMC Charges
IIFL Securities
Groww
Trading Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account Opening Charge
₹0 (Free)
₹0 (Free)
Demat Account AMC
₹0 (Free) for the first year | ₹250 + GST from the next year onwards
₹0 (Free)
Trading Account AMC
₹0 (Free)
₹0 (Free)
IIFL Securities Vs Groww
| IIFL Securities | Groww | |
|---|---|---|
IIFL Securities Review | Features and Brokerage PlansIIFL Securities is a part of IIFL Group. IIFL group was incorporated in the year 1995 while IIFL Securities was incorporated in the year 1996. It is among the largest independent full-service stock broker house that serves various retail and institutional clients. The IIFL group is the leading financial s .. + " Vs "+ Groww |
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 .. |
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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.
IIFL Securities Vs Groww - Brokerage charges & Plans
| IIFL Securities | Groww | |
|---|---|---|
| Commodity Futures | ₹20/ Order | N/A |
| Currency Futures | ₹20/ Order | N/A |
| Equity Delivery | ₹20/ Order | ₹20/ Order or 0.05% (whichever is lower) |
| Equity Options | ₹20/ Order | ₹20/ Order or 0.05% (whichever is lower) |
| Commodity Options | ₹20/ Order | N/A |
| Equity Futures | ₹20/ Order | ₹20/ Order or 0.05% (whichever is lower) |
| Currency Options | ₹20/ Order | N/A |
| Fixed Charges | ₹20/ Order | ₹20/ Order |
| Equity Intraday | ₹20/ Order | ₹20/ Order or 0.05% (whichever is lower) |
| Call Back Open Account | Call Back Open Account |
IIFL Securities Vs Groww - Margin (Exposure)
| IIFL Securities | Groww | |
|---|---|---|
| Equity Options | 1x (100% of NRML margin (Span + Exposure) | 1x |
| Equity Intraday | 5x (Up to 20% of trade value) | 5x |
| Currency Options | 1x (100% of NRML margin (Span + Exposure) | N/A |
| Commodity Options | 1x (100% of NRML margin (Span + Exposure) | N/A |
| Commodity Futures | 1x (100% of NRML margin (Span + Exposure) | N/A |
| Equity Delivery | 1x (100% of trade value) | 1x (no margin) |
| Currency Futures | 1x (100% of NRML margin (Span + Exposure) | N/A |
| Equity Futures | 1x (100% of NRML margin (Span + Exposure) | 1x |
| Call Back Open Account | Call Back Open Account |
IIFL Securities Vs Groww - Other Charges
| IIFL Securities | Groww | |
|---|---|---|
| RMS Square Off Charge | ₹50/ Order | ₹50/ Order |
| API Charges | ₹0 (Free) | ₹0 (Free) |
| Call & Trade Charges | ₹0 (Free) | N/A |
| Other Brokerage Charges | ₹20/ Order | ₹20/ Order or 0.05% |
| Minimum Brokerage | ₹20/ Order | ₹20/ Order |
| Call Back Open Account |
IIFL Securities Vs Groww - STT/CTT
| IIFL Securities | Groww | |
|---|---|---|
| Commodity Futures | 0.01% on Sell Side Non-Agri | N/A |
| Currency Futures | No STT | No STT |
| Equity Intraday | 0.025% on Sell | 0.025% only on sell |
| Equity Options | 0.05% on Sell (on Premium) | 0.05% only on sell |
| Currency Options | No STT | No STT |
| Equity Delivery | 0.1% on both buy & Sell | 0.1% on both buy & sell |
| Equity Futures | 0.01 % on Sell | 0.01% only on sell |
| Commodity Options | 0.05% on Sell Side | N/A |
| Call Back Open Account |
IIFL Securities Vs Groww - Demat transaction charges
| IIFL Securities | Groww | |
|---|---|---|
| Equity Demat Transaction Charges | Equity (F&O, Intraday):- No Charges | Equity Delivery- ₹20+ Gst per scrip only on Sell | ₹13.5 Gst per scrip per day only on sell |
| Call Back Open Account |
IIFL Securities Vs Groww - GST
| IIFL Securities | Groww | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | 18% on (Brokerage + Transaction Charge) | 18% ( Brokerage + Transaction charges) |
| Call Back Open Account |
IIFL Securities Vs Groww - SEBI Charges
| IIFL Securities | Groww | |
|---|---|---|
| Equity/Currencies/Commodities ( Delivery & FNO) | ₹10/Crore | ₹10/ Crore |
| Call Back Open Account |
IIFL Securities Vs Groww - Features
| IIFL Securities | Groww | |
|---|---|---|
| Online Portfolio |
|
|
| Algo Trading |
|
|
| Margin Trading Facility |
|
|
| Call & Trade Facility |
|
|
| Referral Program |
|
|
| Collateral Margin |
|
|
| Online Demo |
|
|
| 3 in 1 Account |
|
|
| Charting |
|
|
| Intraday Square-off Time | Equity & F&O:- 3:15 PM | Currency 4:45 PM | Commodity:- 11:25 PM | Equity & F&O:- 3:20pm | Currency:- 4:30 PM | Commodity:- 11:25 PM |
| Trading Platform | 1. IIFL App 2. IIFL TT Web 3. IIFL Trader Terminal | Groww Web (Browser based trading website) , Groww Mobile Application |
| SMS Alerts for Trades |
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| Direct Mutual Fund |
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| Call Back Open Account | Call Back Open Account |