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Indira Securities Vs Groww: Which one is better?

Both the brokers are registered with SEBI. Indira Securities offers investmenet in Equity, F&O, Currency and Commodities, where Groww offers investment in Equity, F&O and Currency only. The brokerage of Indira Securities Max 0.01% to 0.10% per trade while the brokerage of Groww ranges between Rs 20. Indira Securities is a Full Service Broker where Groww is a Discount Broker. Overall rating for both the brokers are equal with rating 4 out of 5. Number of active customer for Groww is 84,20,803 where number of active customer for Indira Securities is 8,455. Groww is serving more customer compare to Indira Securities.

Here we present side-by-side comparison of Indira Securities vs Groww share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared Indira Securities vs Groww's on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This will help you in make up your mind and clear things for you so that you can choose the best broker for youself. We also help our visitors with account opening.

Here we present side-by-side comparison of Indira Securities vs Groww share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.

To be precise, we have compared Indira Securities vs Groww's on

  • Brokerage plans
  • Plan types
  • Customer Service
  • Maintenance fees
  • AMC
  • Trading Platforms
  • Rating
  • Reviews
  • Mobile App
  • Margin/Leverage/Exposure
  • Demat Account
  • Investment Options
  • And many more attributes

This will help you in make up your mind and clear things for you so that you can choose the best broker for yourself. We also help our visitors with account opening.

Compare Indira Securities vs Groww on Service

  Indira Securities Compare
Indira Securities
Groww Compare
Groww
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type What is this parameter? Full Service Broker Discount Broker
Exchanges Supported What is this parameter? NSE, BSE, MCX NSE, BSE
Active Clients 8,455 84,20,803
Broker Overview Open a free Indira Securities account and trade Faster and Smarter with Trade Insta Mobile app and Trader Terminal platform. Algo trading, free research calls & trading tips, portfolio management services, and mutual fund robotic advisory are the... Know more about Indira Securities Groww is the top broker for beginners to invest in direct mutual funds for Free and trade in stocks at a Rs 20 flat fee! Also, its easy-to-use, crystal clear user interface, and safe & secure Groww app and web-based platform makes investing hassl...Know more about Groww
Broker Enquiry Request call back from Zerodha Request call back from Zerodha
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Account Opening Charges and AMC

Compare Indira Securities vs Groww on Trading & Demat Account Opening Charges

Comparison of Indira Securities with Groww on trading & demat account opening charges and AMC. Trading account opening charges - Both broker offers Free Trading account opening. Demat AMC charges - Groww offer Free AMC for Demat account where Indira Securities charges Rs 400 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Indira Securities with Groww
Charges Indira Securities Groww
Trading Account Opening Fees Free Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 400 PA Free
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Indira Securities vs Groww on Plan Options

Plans are the most important feature you look when compare Indira Securities with Groww. This section compare on high level about type of plans offered by brokers. Multiple Plans - Both the brokers don't have Multiple Plans, brokers offer only single plan.. Monthly Plans - Both the brokers don't have Monthly Plans.

Compare Indira Securities with Groww on Plan Options
Plan Types Indira Securities Groww
Multiple Plans No No
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Zerodha Zerodha
Account Opening Request
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Brokerage Charges

Compare Indira Securities vs Groww on Brokerage Charges

Indira Securities Brokerage Plan detail - Indira Trade offers a fixed % based brokerage plan to customers.

Groww Brokerage Plan detail - Flat brokerage plan that charges Rs. 20 per order on trading in intraday segment whereas offers free delivery trading.

Brokerage Charges - Compare Indira Securities with Groww
Brokerage Charges Compare Indira Securities Groww
Plan Name Traditional Brokerage Plan Flat Brokerage Plan
Equity Delivery 0.10% 0.05% or Rs 20 whichever is lower
Equity Intraday 0.01% 0.05% or Rs 20 whichever is lower
Equity Futures 0.01% Flat Fee Rs 20
Equity Options Rs. 25 per lot (both side) Flat Fee Rs 20
Currency Futures Flat Fee Rs 20 Not Available
Currency Options Futures: 0.01%|Options: Rs. 25 per lot (both side) Not Available
Commodity Trading Futures: 0.01%|Options: Rs. 25 per lot (both side) Not Available
Minimum Brokerage NA NIL
Hidden Charges Info Not Available Info Not Available
Funding Yes - 18% interest PA Info Not Available
Call & Trade Charges Free Rs 50 Per Executable Order
Auto Square off Charges Free Rs 50 Per Executable Order
Brokerage Calculator Brokerage Calculator for Indira Securities Brokerage Calculator for Groww
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Share Broker's Transaction Charges

Compare Indira Securities vs Groww on Transaction Charges

Compare Indira Securities with Groww on transaction charges and PCM fee by segment.

Transaction Charges - Compare Indira Securities with Groww
Transaction Charges Compare Indira Securities Groww
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Intraday NSE:335 Per Cr | BSE:375 Per Cr NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE NSE:200 Per Cr | BSE:FREE
Equity Options NSE:5050 Per Cr | BSE:3700 Per Cr NSE:5050 Per Cr | BSE:3700 Per Cr
Currency Futures NSE:90 Per Cr | BSE:25 Per Cr NSE:90 Per Cr | BSE:25 Per Cr
Currency Options NSE:4000 Per Cr | BSE:100 Per Cr NSE:4000 Per Cr | BSE:100 Per Cr
Commodity Non-Agri Rs 260| Agri Rs 600 Per Cr NA
Brokerage Charges Complete Brokerage Plans for indira-securities Complete Brokerage Plans for groww
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Account Features

Compare Indira Securities vs Groww on Account Features

Compare Indira Securities with Groww on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - both the brokers offers 2-in-1 account which includes trading and demat account. Algo Trading - Indira Securities offers Algo Trading where Groww doesn't offers Algo Trading. Margin Funding - Both broker offers a margin funding. Interest need to be paid on borrowed money. NRI Trading - Indira Securities offers NRI where Groww doesn't offers NRI Trading.

Account Features - Indira Securities with Groww
Account Features Compare Indira Securities Groww
3 in 1 Account No Indira Securities have 2-in-1 account. Only Demate and Trading account. No Indira Securities have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading Yes No
SMS Alerts Yes No
Online Demo Yes No
Online Portfolio Yes Yes
Margin Trading Funding Available Yes Yes
Combined Ledger for Equity and Commodity No No
Intraday Square-off Time 3:15 PM 3:10 PM
NRI Trading Yes No
Other Features NIL NIL
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Trading Platform

Compare Indira Securities vs Groww on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Indira Securities and Groww. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided links for mobile app to download and demo links for easy access.

Trading Platform - Compare Indira Securities with Groww
Trading Platform Compare Indira Securities Groww
Desktop Trading Platform ODIN Diet Groww App
Desktop Demo Desktop Demo Info Not Available
Desktop Platform (Windows) Yes No
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://www.indiratrade.com/trade-online Yes
Web Trading Demo Web Trading Demo Info Not Available
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App TradeInsta Groww App
Mobile Trading App Demo TradeInsta Demo Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod TradeInsta Download Andriod Groww App Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS TradeInsta Download iOS Groww App Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
Trading Software Charges Free Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Indira Securities Equity Intraday and Delivery Brokerage Calculator for Groww
Futures Brokerage Calculator Futures Brokerage Calculator for Indira Securities Futures Brokerage Calculator for Groww
Options Brokerage Calculator Options Brokerage Calculator for Indira Securities Options Brokerage Calculator for Groww
Detail Detail on Trading Platforms for indira-securities Detail on Trading Platforms for groww

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Broker Ratings by Users

Compare Indira Securities vs Groww on User Rating

  Indira Securities Groww
  1 Customer Reviews    Rate Indira Securities 7 Customer Reviews    Rate Groww
Fees Ratings 2.0 4.4
Trading Brokerage Rating 4.0 3.7
Trading Platform Usability 2.0 4.1
Customer Service Ratings 2.0 3.3
Overall Ratings 3.0 4.1
Broker Rating Indira Securities is Rated 3.0 / 5 based on 1 customer reviews Groww is Rated 4.1 / 5 based on 7 customer reviews
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Investment Offerings

Compare Indira Securities vs Groww on Investment Offerings

Compare Indira Securities with Groww on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - Both broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Indira Securities offers trading options in Commodity (MCX) where Groww doesn't offer. Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - both the brokers don't have PMS Service.

Investment Offerings - Compare Indira Securities with Groww
Investment Offerings Compare Indira Securities Groww
Equity Cash and F&O Yes Yes
Currency Deravitives Yes No
Commodity Yes No
Online IPO Application Yes Yes
Mutual Funds Yes Yes
Bond / NCD No No
ETF Yes Yes
Banking No No
Insurance Yes No
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment No No
PMS Service No No
Other Investment Options NIL NIL
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Order Types

Compare Indira Securities vs Groww on Order Types

Order Type - Compare Indira Securities with Groww on offerings of order types. All the brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order type like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - Indira Securities provide Cover Orders (CO) where Groww doesn't offer.Cover Orders (CO) is placed an compulsory stop loss and this is a intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Indira Securities provide Bracket Orders (BO) where Groww doesn't offer.With the name its cleare in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- Indira Securities offers After Market Orders where Groww doesn't offers AMO. GTC Orders- Indira Securities offers Good Till Cancelled (GTC) orders where Groww doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare Indira Securities with Groww
Order Type Compare Indira Securities Groww
CNC order Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes No
Bracket order Yes No
AMO-After Market Orders Yes No
GTC-Good Till Cancelled Yes No
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Customer Service Offered

Compare Indira Securities vs Groww on Customer Service

Compare Indira Securities with Groww on customer service offered by the broker. This section compares types of service offered by each broker for a quick resolution for query/issue you have.

Customer Support - Compare Indira Securities with Groww
Customer Service Compare Indira Securities Groww
24/7 Customer Service Indira Securities vs Groww - 24x7 customer support Yes No
Email Support Indira Securities vs Groww - Email Support Yes Yes
Onine Live Chat Indira Securities vs Groww - Onine Live Chat Yes Yes
Phone Support Indira Securities vs Groww - Phone Support Yes Yes
Toll Free Number Indira Securities vs Groww - Toll Free Number Yes No
Through Branches Indira Securities vs Groww - Through Branches Yes No
Customer Care Number Indira Securities vs Groww - Customer Care Number +91-(0)731-4797105/115/146 9108800604
Account Opening Process Indira Securities vs Groww - Account Opening Process Online/Paperless Online
Customer Support Email Indira Securities vs Groww - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Indira Securities vs Groww - Knowledge Center/Education https://www.indiratrade.com/blog https://groww.in/academy
Head Office Address Indira Securities vs Groww - Head Office Address/Corporate Address
  • Registered Office


    Indira House,
    3rd Floor, 5 Topiwala Lane,
    Opp.Lamington Road Police Station,
    Grant Road (East),
    Mumbai - 400007.
  • Corporate Office


    Indira Securities Pvt Ltd
    204 Amar Darshan,
    28/02, Old Palasia,
    Indore - 452018
Groww Head Office
1st Floor, Proms Complex, SBI Colony,
1 A Koramangala, 560034
Website Indira Securities vs Groww - Company Website https://www.indiratrade.com/ https://groww.in/
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Tips/Research/Reports Published

Compare Indira Securities vs Groww on Research Reports, Tips

Compare Indira Securities with Groww on research reports and tips provided by the broker.

Research Reports - Compare Indira Securities with Groww
  Indira Securities Groww
Research Mutual Funds Indira Securities vs Groww - Research Mutual Funds No No
Research Equity Reports Indira Securities vs Groww - Research Equity Reports Yes No
Research ETF Indira Securities vs Groww - Research ETF No No
Daily Market Report Indira Securities vs Groww - Daily Market Report Yes No
Free Tips Indira Securities vs Groww - Free Tips Yes No
Quarterly Result Analysis Indira Securities vs Groww - Quarterly Results Yes No
News Alerts Indira Securities vs Groww - Yes No
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Demat Account

Compare Indira Securities vs Groww on Demat Account

Compare Indira Securities with Groww on Demat Service and Charges. When compare Broker A with Broker B on Dmeat account, we mainly focus on two points - Demat AMC and Debit Transaction Charges.

Demat AMC are the charges which one need to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is your recurring cost, so one should consider this cost when opening Demat account.

Demat AMC for Groww is Zero where for Indira Securities is ₹450 pa (Second year onwards).

Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading – when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay.

Transaction charges on debit of ISIN for Indira Securities is ₹20 or 0.02% whichever is higher where for Groww is ₹8 + ₹5.50 CDSL charges.You can see this charges on debit of Equity/Mutual Funds from your demat account.

This section covers about demat charges, demat service and other details

Demat Charges - Compare Indira Securities with Groww
  Indira Securities Groww
DP Source CDSL CDSL
DP ID Indira Securities vs Groww - DP ID 752000 No
Demat Account Annual Maintenance Charges(AMC) ₹450 pa (Second year onwards) Zero
Advance Deposit Nil Nil
Statutory charges Nil Legal Charges
Transaction Charges on Debit (Per ISIN) ₹20 or 0.02% whichever is higher ₹8 + ₹5.50 CDSL charges
Demat ₹5 per certificate + ₹35 courier charges ₹150 per certificate + courier charges
Remat ₹50 per RRN ₹150 per certificate + courier charges
Pledge Creation ₹50 ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Creation Confirmation Nil ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Closure ₹50 ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Closure Confirmation Nil ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Invocation ₹50 or 0.02% whichever is higher ₹20 + Rs. 12 per request (CDSL Charges)
Failed Instruction Charges ₹25 ₹50
Other Charges Book Charges ₹20,POA Charges ₹130 Nil
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Special Offers,Advantages,Disadvantages

Compare Indira Securities vs Groww on Special Offers and Promotion

Compare Indira Securities with Groww on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.

Compare Indira Securities vs Groww on Special Offers and Promotion
  Indira Securities Groww
Pay In and Pay Out Options Indira Securities vs Groww - Pay In and Pay Out Options

Pay-in/adding funds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from TradeInsta.

Pay-out/Fund Withdrawal - Bank Transfer only

pay-in/adding funds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from Goww
Pay-out/Fund Withdrawal - Bank Transfer only
Payout Time Indira Securities vs Groww - Payout Time

Max 24 hrs except bank holidays

Max 24 hrs except bank holidays
Bank Supported and Charges Indira Securities vs Groww - Bank Supported and Charges

Around 25 banks allow instant credit facility with charges of Rs 9 from IndiraTrade trading platform (TradeInsta).

Around 25 banks allow instant credit facility with charges of Rs 9 from Groww trading platform.
Bank Detail HDFC Bank
Account#00360340002251
Branch: U.V.HOUSE SOUTH TUKOGANJ, INDORE, MP
IFSC Code:HDFC0000036
Info Not Available
Likes
  • Trade in shares, derivatives, commodities, and currencies.
  • Paperless account opening at zero charges.
  • Invest in mutual funds online.
  • Safe & secure trading platform; Trade Insta app and Trader Terminal.
  • Free stock trading tips, and research & advisory.
  • Automated trading and robotic advisory services.
  • Free call & trade
  • Place advance order like bracket order, cover order, after market order.
  • Refer & earn benefits.
  • Margin trading facility.

Detail Review...

  • Trade or invest in equity, F&O, mutual funds, IPO, US Stocks
  • Rs 0 account opening fee with no AMC
  • Best UI Interface-enabled app and website
  • Equity and F&O trading at Rs 20 maximum brokerage
  • No cost investment in direct mutual funds.
  • TradingView charts and wide range of technical indicators
  • Advance orders like GTT, Target order, and Basket order
  • Get instant and flexible loans on Groww
  • Get the latest trending news and updates on the Groww Digest

Detail Review...

Dislikes
  • 24*7 customer support is not available.
  • You cannot open a 3-in-1 account with Indira Securities.
  • It doesn’t facilitate NRI trading services.
  • High brokerage charges compared to other brokers.
  • MF Planet platform only provides regular mutual fund schemes.

Detail Review...

  • Does not offer commodity and currency trading
  • No desktop trading terminal
  • Bracket order and cover order are not available
  • No intraday trading tips and stock research reports
  • NRIs cannot open an account in Groww

Detail Review...

Special Offers/Promo Open a Free demat and Trading Account with Indira Securities and Trade at a Flat Fee Rs 20 Per Order.
Enquiry Open Zerodha Account Now>> Open Zerodha Account Now>>

Last Updated on 2023-09-14T06:48:55+00:00