More and more people are investing in the Indian stock market, and there are a lot of platforms competing for their business. Groww and Indmoney are two well-known names in this field. In this detailed comparison, we will look at the Groww vs Indmoney pros and cons, features, performance, and user experiences.
Table of Contents
Groww Quick Overview
Groww is an investment platform that has been around since 2016 and makes it easy for people to buy stocks and mutual funds. It gives you all the information you need about each company in great detail and has a powerful stock analysis tool with live technical charts supporting it.
Indmoney Quick Overview
With its launch in 2019, Indmoney is an investment tracker and capital organizer that makes it easier for people to keep track of all their money in one place. It helps people with their money in many ways, like managing investments, keeping track of expenses, planning taxes, getting insurance, and making retirement plans.
Groww vs Indmoney: Navigation and User Interface
Groww: Groww has an easy-to-use interface and a simple, clean look. It’s easy for new users to get around because the navigation is simple.
Indmoney: The interface for Indmoney is a bit trickier than Groww’s, but it has more features and customization options. This may appeal to experienced investors, but it could be too much for new investors to handle.
Groww vs Indmoney: Choices for Investments
Groww: You can buy Indian stocks, mutual funds, and exchange-traded funds (ETFs) through Groww. It does not offer US stock buying, but it is a good choice for someone who wants to invest in Indian stocks only.
Indmoney: Indmoney mainly deals with US stock investments. In Indian stocks, it provides mutual funds and exchange-traded funds (ETFs). Recently, it launched a feature to invest in Indian stocks.
Groww vs Indmoney: Research and Analysis
Groww: Groww gives you simple research tools like news feeds and stock charts, but it doesn’t have any in-depth analysis or suggestions from experts.
Indmoney: With more research tools, such as fund analysis reports, expert insights, and portfolio recommendations, Indmoney is a better choice.
Indmoney vs Groww Charges
Here is a comparison of Groww vs Indmoney charges for Indian stocks:
Charges
INDmoney
Groww
A/C Opening
₹0
₹0
KYC
₹0
₹0
Brokerage
0.05% of order value or Rs. 20, whichever is lower
0.05% of order value or Rs. 20, whichever is lower
F&O brokerage
₹ 20 per executed order
₹ 20 per executed order
AMC
₹0
₹0
Exchange transaction charges (NSE)
0.00325% of the transaction value for all stocks
0.00325% of transaction value for all stocks
SEBI turnover charges for buy and sell orders only
0.0001% of turnover for both buy and sell orders only
0.0001% of turnover for both buy and sell orders only
DP charges (Depository Participant) for delivery sell orders only
₹ 13.5 + GST per ISIN per day, regardless of quantity sold
₹ 13.5 + GST per company per day, regardless of quantity sold
Some inferences that can be drawn from this comparison are:
Both Indmoney and Groww offer zero account opening fees and zero hidden charges.
Both Indmoney and Groww charge a flat fee of Rs. 20 or 0.05% per executed order, whichever is lower, across all segments, including equity delivery, intraday, and F&O.
Both Indmoney and Groww charge different exchange transaction charges based on various factors such as exchange, group, premium, etc.
Both Indmoney and Groww charge different STT rates based on various factors, such as exchange, group, premium, etc.
Both Indmoney and Groww charge different stamp duty rates based on various factors such as exchange, group, premium, etc.
Both Indmoney and Groww charge different SEBI turnover charges based on various factors, such as exchange.
Both Indmoney and Groww charge different DP charges based on various factors, such as ISIN or company.
Both Indmoney and Groww have other charges that may vary depending on the service and mode of payment.
Groww vs Indmoney: Quick Summary
Here’s a quick summary table to help you compare the two platforms:
3 Overall parameters compared of Indmoney vs Groww
In the comparison of Groww vs Indmoney, both Groww and Indmoney are excellent options to invest in Indian stocks. Their prices are about the same and they offer a variety of services. What you choose between the two will depend on your needs and preferences. Groww might be a better choice for you if you want a platform with a clean user interface and a powerful stock analysis tool. For those seeking complete financial management services, Indmoney might be a better choice.
Groww vs Indmoney: All charges
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For informational purposes only:
The information presented on this website is for informational purposes only and should not be construed as financial, legal, or professional advice. While we strive to provide accurate and up-to-date information, we cannot guarantee its completeness or accuracy. Any opinions expressed herein are solely those of the author or individual contributor and do not necessarily reflect the views of any company, organization, or other entity.
Do your own research:
Readers are encouraged to conduct their due diligence and consult with a qualified professional before making any decisions based on the information presented on this website. Trading, investing, and other financial activities involve inherent risks, and you could lose all or a portion of your capital. Past performance is not indicative of future results.
Account Opening FeeThe account opening fee, also known as account setup charges, refers to the one-time charge levied by a brokerage firm when you open a new Demat and trading account to invest in securities like stocks, bonds, or ETFs. These fees can vary depending on the type of account, the brokerage firm, and any current promotions or offers.
₹0₹0
Annual Maintenance Charges (AMC) This is a yearly fee levied by the depository participant (DP) to maintain your Demat account, where your shares are held electronically.
₹0₹0
Pledge Charges
Pledge Creation Charges
₹0Does not provide
Pledge Invocation Charges
₹20Does not provide
Interest on Margin Trading
Does not provideDoes not provide
Margin Re-Pledge
₹5Does not provide
Brokerage charges & Fees
Brokerage Plan
StandardStandard
Equity Delivery Charges
₹20 or 0.05% per executed order, whichever is lower₹20 or 0.05% whichever is lower
Equity Intraday Charges
₹20 or 0.05% per executed order, whichever is lower₹20 or 0.05% whichever is lower
Equity Futures charges
Flat ₹20 per executed orderFlat ₹20 per executed order
Equity Options charges
Flat ₹20 per executed orderFlat ₹20 per executed order
Currency Futures charges
Does not offerDoes not offer
Currency Options charges
Does not offerDoes not offer
Commodity Futures charges
Does not offerDoes not offer
Commodity Options charges
Does not offerDoes not offer
Customer services offered
Demat Services
✅Yes✅Yes
Trading Services
✅Yes✅Yes
Intraday Services
✅Yes✅Yes
F&O Services
✅Yes✅Yes
IPO Services
✅Yes✅Yes
Share Pledging
✅Yes⛔No
NRI Services
✅Yes⛔No
Referral Program
✅Yes✅Yes
Customer Support
Call Support
+91 9108800604 (24x7)07314852049
Email Support
support@groww.ininstockssupport@indmoney.com
Whatsapp Support
⛔No⛔No
Website Support
✅Yes, create ticket✅Yes, Create ticket
Leverage (Margin) Offered
Equity Delivery Margin Leverage
No leverage available; requires full margin upfrontNo leverage available; you need the full purchase value in your account.
Equity Intraday Margin Leverage
Upto 5x depending on the stock (lower leverage for volatile stocks)No leverage available; you need the full purchase value in your account.
Equity F&O Intraday Margin Leverage
No leverage available; requires full margin upfrontNo leverage available; you need the full purchase value in your account.
Equity F&O Carry Forward Margin Leverage
No leverage available; requires full margin upfrontNo leverage available; you need the full purchase value in your account.
Currency F&O Margin Leverage
Does not provide Currency tradingDoes not offer
Commodity F&O Intraday Margin Leverage
Does not provide Commodity tradingDoes not offer
Commodity F&O Carry Forward Margin Leverage
Does not provide Commodity tradingDoes not offer
Unique Offerings
Free Account Opening
✅Yes✅Yes
Free Brokerage
On Mutual Funds and IPOs only✅Yes, IPOs & Mutual Funds only
Free AMC
✅Yes✅Yes
Free Equity Delivery
⛔No⛔No
Free F&O Trading
⛔No⛔No
Free Intraday Trading
⛔No⛔No
Free Trading calls
⛔No⛔No
Happy Trading Hours
⛔No⛔No
Flexible Brokerage Plans
⛔No✅Yes
Referral Offers
✅Yes✅Yes
Margin Funding (MTF)/ Pledging
✅Yes⛔No
Brokerage Cashback
⛔No⛔No
Zero Brokerage for Loss Making Trades
⛔No⛔No
Relationship Manager
⛔No⛔No
Services Provided
Equity Delivery
✅Yes✅Yes
Equity Intraday
✅Yes✅Yes
Equity Futures
✅Yes✅Yes
Equity Options
✅Yes✅Yes
Currency Futures
⛔No⛔No
Currency Options
⛔No⛔No
Commodity Futures
⛔No⛔No
Commodity Options
⛔No⛔No
Foreign Stocks
✅Yes, US stocks✅Yes
Mutual Funds
✅Yes✅Yes
Banking
⛔No⛔No
Insurance
⛔No⛔No
Corporate Bonds
⛔No⛔No
Govt. Bonds
⛔No⛔No
Digital Gold
⛔No⛔No
Order Types
Market Order
✅Yes✅Yes
Limit Order
✅Yes✅Yes
Bracket Order
⛔No✅Yes
Cover Order
⛔No✅Yes
After Market Order (AMO)
✅Yes✅Yes
Good Till Cancelled (GTC)
✅Yes✅Yes
Buy Today Sell Tomorrow (BTST)
⛔No⛔No
Sell Today Buy Tomorrow (STBT)
⛔No⛔No
Research & Reports
Annual Reports
✅Yes✅Yes
Company Reports
✅Yes✅Yes
Research Reports
⛔No⛔No
Fundamental Reports
✅Yes✅Yes
IPO Reports
✅Yes✅Yes
Technical Reports
⛔No✅Yes
Stock tips
⛔No⛔No
Daily Market Review
✅Yes✅Yes
Monthly Review
✅Yes✅Yes
Weekly Review
✅Yes✅Yes
Robo Advisory
⛔No⛔No
STT & CTT Charges
Equity Delivery STT & CTT
0.1% on buy & sell0.1% on buy & sell
Equity Intraday STT & CTT
0.025% on the sell side0.025% on sell transactions
Equity Futures STT & CTT
0.0125% on the sell side0.0125% on sell side
Equity Options STT & CTT
0.0625% on sell side (on premium)0.0625% on sell side (on premium)