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Reliance Securities Vs Groww: Which one is better?

Both the brokers are registered with SEBI and offers investment in Equity, F&O and Currency. The brokerage of Reliance Securities Max 0.05 - 0.50% per trade while the brokerage of Groww ranges between Rs 20. Reliance Securities is a Full Service Broker where Groww is a Discount Broker. Reliance Securities is having overall lower rating compare to Groww. Reliance Securities is rated only 3.5 out of 5 where Groww is rated 4 out of 5. Number of active customer for Groww is 84,20,803 where number of active customer for Reliance Securities is 74,804. Groww is serving more customer compare to Reliance Securities.

Here we present side-by-side comparison of Reliance 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 Reliance 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 Reliance 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 Reliance 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 Reliance Securities vs Groww on Service

  Reliance Securities Compare
Reliance 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 NSE, BSE
Active Clients 74,804 84,20,803
Broker Overview Open a Free Reliance Securities Demat Account today, and start online trading across segments on the advanced Robo insights technology powered Tick web, mobile app, and a desktop trading platform. Get the best stocks & mutual fund research & ... Know more about Reliance 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 Reliance Securities vs Groww on Trading & Demat Account Opening Charges

Comparison of Reliance Securities with Groww on trading & demat account opening charges and AMC. Trading account opening charges - Groww offer Free account opening where Reliance Securities charges Rs 950 for account opening. Demat AMC charges - Groww offer Free AMC for Demat account where Reliance Securities charges Rs 400 PA| Rs. 2,500 (Lifetime Free AMC) AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Reliance Securities with Groww
Charges Reliance Securities Groww
Trading Account Opening Fees Rs 950 Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 400 PA| Rs. 2,500 (Lifetime Free AMC) Free
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Reliance Securities vs Groww on Plan Options

Plans are the most important feature you look when compare Reliance Securities with Groww. This section compare on high level about type of plans offered by brokers. Multiple Plans - Reliance Securities provide Multiple Plans where Groww doesn't offer. Monthly Plans - Both the brokers don't have Monthly Plans.

Compare Reliance Securities with Groww on Plan Options
Plan Types Reliance Securities Groww
Multiple Plans Yes 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 Reliance Securities vs Groww on Brokerage Charges

Reliance Securities Brokerage Plan detail - R-Fixed brokerage plan charges a fixed percentage of brokerage fee on trading across segments and also provides dedicated relationship manager services to help you take informed decisions based on fundamental and technical research reports.

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 Reliance Securities with Groww
Brokerage Charges Compare Reliance Securities Groww
Plan Name R-FIXED Online Brokerage Plan (Percentage Based) Flat Brokerage Plan
Equity Delivery 0.50% 0.05% or Rs 20 whichever is lower
Equity Intraday 0.05% 0.05% or Rs 20 whichever is lower
Equity Futures 0.05% Flat Fee Rs 20
Equity Options Rs 100 Per Lot Flat Fee Rs 20
Currency Futures 0.05% Not Available
Currency Options Rs 100 Per Lot Not Available
Commodity Trading Future: 0.05%| Options: Rs 100 per lot Not Available
Minimum Brokerage 5 paise per share NIL
Hidden Charges No Info Not Available
Funding Yes - 18% interest PA Info Not Available
Call & Trade Charges Rs 20 per call (Free First 20 call per month) Rs 50 Per Executable Order
Auto Square off Charges Free First 20 call PM and Rs 20 their onwards. Rs 50 Per Executable Order
Brokerage Calculator Brokerage Calculator for Reliance Securities Brokerage Calculator for Groww
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Share Broker's Transaction Charges

Compare Reliance Securities vs Groww on Transaction Charges

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

Transaction Charges - Compare Reliance Securities with Groww
Transaction Charges Compare Reliance 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 Per Cr | Agri: Rs 175 Per Cr NA
Brokerage Charges Complete Brokerage Plans for reliance-securities Complete Brokerage Plans for groww
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Account Features

Compare Reliance Securities vs Groww on Account Features

Compare Reliance 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 - both doesn't offers Algo trading. Margin Funding - Both broker offers a margin funding. Interest need to be paid on borrowed money. NRI Trading - Reliance Securities offers NRI where Groww doesn't offers NRI Trading.

Account Features - Reliance Securities with Groww
Account Features Compare Reliance Securities Groww
3 in 1 Account No Reliance Securities have 2-in-1 account. Only Demate and Trading account. No Reliance Securities have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading No 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 Yes No
Intraday Square-off Time 3:15PM 3:10 PM
NRI Trading Yes No
Other Features Mobile Application: Rmobile Xpress NIL
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Trading Platform

Compare Reliance Securities vs Groww on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Reliance 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 Reliance Securities with Groww
Trading Platform Compare Reliance Securities Groww
Desktop Trading Platform InstaXpress 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 http://tick.rsec.co.in/ Yes
Web Trading Demo Web Trading Demo Info Not Available
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App TICK PRO Groww App
Mobile Trading App Demo TICK PRO Demo Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod TICK PRO Download Andriod Groww App Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS TICK PRO 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 Reliance Securities Equity Intraday and Delivery Brokerage Calculator for Groww
Futures Brokerage Calculator Futures Brokerage Calculator for Reliance Securities Futures Brokerage Calculator for Groww
Options Brokerage Calculator Options Brokerage Calculator for Reliance Securities Options Brokerage Calculator for Groww
Detail Detail on Trading Platforms for reliance-securities Detail on Trading Platforms for groww

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Broker Ratings by Users

Compare Reliance Securities vs Groww on User Rating

  Reliance Securities Groww
  52 Customer Reviews    Rate Reliance Securities 7 Customer Reviews    Rate Groww
Fees Ratings 3.5 4.4
Trading Brokerage Rating 3.4 3.7
Trading Platform Usability 3.3 4.1
Customer Service Ratings 3.4 3.3
Overall Ratings 3.4 4.1
Broker Rating Reliance Securities is Rated 3.4 / 5 based on 52 customer reviews Groww is Rated 4.1 / 5 based on 7 customer reviews
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Investment Offerings

Compare Reliance Securities vs Groww on Investment Offerings

Compare Reliance 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 - Reliance 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) - Reliance Securities provide PMS Service where Groww doesn't offer

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

Compare Reliance Securities vs Groww on Order Types

Order Type - Compare Reliance 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) - Reliance 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) - Reliance 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)- Reliance Securities offers After Market Orders where Groww doesn't offers AMO. GTC Orders- Both broker doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare Reliance Securities with Groww
Order Type Compare Reliance 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 No No
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Customer Service Offered

Compare Reliance Securities vs Groww on Customer Service

Compare Reliance 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 Reliance Securities with Groww
Customer Service Compare Reliance Securities Groww
24/7 Customer Service Reliance Securities vs Groww - 24x7 customer support No No
Email Support Reliance Securities vs Groww - Email Support Yes Yes
Onine Live Chat Reliance Securities vs Groww - Onine Live Chat Yes Yes
Phone Support Reliance Securities vs Groww - Phone Support Yes Yes
Toll Free Number Reliance Securities vs Groww - Toll Free Number Yes No
Through Branches Reliance Securities vs Groww - Through Branches Yes No
Customer Care Number Reliance Securities vs Groww - Customer Care Number 022 41596000 | 022 62436000 9108800604
Account Opening Process Reliance Securities vs Groww - Account Opening Process Online/Paperless Online
Customer Support Email Reliance Securities vs Groww - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Reliance Securities vs Groww - Knowledge Center/Education https://www.reliancesmartmoney.com/Insights https://groww.in/academy
Head Office Address Reliance Securities vs Groww - Head Office Address/Corporate Address Reliance Securities Limited,
4th Floor, North Wing,
Reliance Centre, Santacruz East,
Mumbai-MH- 400055
Groww Head Office
1st Floor, Proms Complex, SBI Colony,
1 A Koramangala, 560034
Website Reliance Securities vs Groww - Company Website https://www.reliancesmartmoney.com https://groww.in/
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Tips/Research/Reports Published

Compare Reliance Securities vs Groww on Research Reports, Tips

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

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

Compare Reliance Securities vs Groww on Demat Account

Compare Reliance 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 Reliance Securities is ₹300 pa.

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 Reliance Securities is 0.04% (Min ₹27) + CDSL charges 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 Reliance Securities with Groww
  Reliance Securities Groww
DP Source CDSL CDSL
DP ID Reliance Securities vs Groww - DP ID 41400 No
Demat Account Annual Maintenance Charges(AMC) ₹300 pa Zero
Advance Deposit Nil Nil
Statutory charges Nil Legal Charges
Transaction Charges on Debit (Per ISIN) 0.04% (Min ₹27) + CDSL charges ₹8 + ₹5.50 CDSL charges
Demat ₹5 per certificate + ₹30 request charges ₹150 per certificate + courier charges
Remat ₹40 for every hundred securities or ₹25 per certificate (whichever is higher) + ₹25 courier charges ₹150 per certificate + courier charges
Pledge Creation 0.05% of transaction value (Min ₹30) ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Creation Confirmation 0.05% of transaction value (Min ₹30) ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Closure 0.05% of transaction value (Min ₹30) ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Closure Confirmation 0.05% of transaction value (Min ₹30) ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Invocation 0.05% of transaction value (Min ₹30) ₹20 + Rs. 12 per request (CDSL Charges)
Failed Instruction Charges Nil ₹50
Other Charges Nil Nil
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Special Offers,Advantages,Disadvantages

Compare Reliance Securities vs Groww on Special Offers and Promotion

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

Compare Reliance Securities vs Groww on Special Offers and Promotion
  Reliance Securities Groww
Pay In and Pay Out Options Reliance Securities vs Groww - Pay In and Pay Out Options Pay-in/adding funbds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from RelianceSmartMoney platform.
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 Reliance Securities vs Groww - Payout Time Max 24 hrs except bank holidays Max 24 hrs except bank holidays
Bank Supported and Charges Reliance Securities vs Groww - Bank Supported and Charges Info Not Available Around 25 banks allow instant credit facility with charges of Rs 9 from Groww trading platform.
Bank Detail RELIANCE SECURITIES LTD
Account No.:9500XXXXXXXX
Bank:YES BANK
Branch:MUMBAI
Account Type:CURRENT
IFSC Code:YESB0000001
Info Not Available
Likes
  • Multiple exchanges trading on BSE, NSE, and MCX.
  • Buy insurance plans like car insurance, health insurance, general insurance, etc.
  • Multiple brokerage plans.
  • Free state of the art and user-friendly TICK web, app, and desktop platform.
  • Zero Demat Account opening fees.
  • Zero brokerage benefits for the first 30 days.
  • No AMC for the first year.
  • Research reports, model portfolios, and stocks and mutual funds research recommendations.
  • R Model Portfolio and mutual fund basket recommendations.
  • Invest in the portfolio management services.
  • Robo assist technology platform for goal-based investing.
  • NRML, MIS, bracket order (BO), cover order (CO), after market order (AMO).
  • Place Valid Till Cancelled order for maximum validity of 45 days.
  • Free first 20 call & trade every month.
  • An abundance of education resources i.e., classrooms, blogs, webinars & events for beginners.

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
  • No flat brokerage plan is offered by Reliance Securities.
  • High brokerage charges than new-age discount brokers i.e., Zerodha, and Upstox.
  • The full-service broker does not have a toll-free number to provide 24*7 customer support.

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
Enquiry Open Zerodha Account Now>> Open Zerodha Account Now>>

Last Updated on 2023-09-13T01:50:30+00:00