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Religare Broking Vs Groww: Which one is better?

Both the brokers are registered with SEBI. Religare Broking offers investmenet in Equity, F&O, Currency and Commodities, where Groww offers investment in Equity, F&O and Currency only. The brokerage of Religare Broking Max 0.05 to 0.50% per trade while the brokerage of Groww ranges between Rs 20. Religare Broking is a Full Service Broker where Groww is a Discount Broker. Religare Broking is having overall lower rating compare to Groww. Religare Broking is rated only 3.5 out of 5 where Groww is rated 4 out of 5. Number of active customer for Groww is 70,92,413 where number of active customer for Religare Broking is 1,36,664. Groww is serving more customer compare to Religare Broking.

Here we present side-by-side comparison of Religare Broking 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 Religare Broking 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 Religare Broking 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 Religare Broking 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 Religare Broking vs Groww on Service

  Religare Broking Compare
Religare Broking
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 1,36,664 70,92,413
Broker Overview Open free Religare Demat & Trading Account, and trade via user-friendly platforms; Dynami App and Religare Online website. Also invest in the SmartInvest portfolio management services, US stocks, and get experts trading tips, investment ideas, an... Know more about Religare Broking 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 Religare Broking vs Groww on Trading & Demat Account Opening Charges

Comparison of Religare Broking with Groww on trading & demat account opening charges and AMC. Trading account opening charges - Groww offer Free account opening where Religare Broking charges Rs 500 for account opening. Demat AMC charges - Groww offer Free AMC for Demat account where Religare Broking charges Rs 400 PA [Free for first year] AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Religare Broking with Groww
Charges Religare Broking Groww
Trading Account Opening Fees Rs 500 Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 400 PA [Free for first year] Free
Provide DP Service Yes Yes
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About Brokerage Plans

Compare Religare Broking vs Groww on Plan Options

Plans are the most important feature you look when compare Religare Broking 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 Religare Broking with Groww on Plan Options
Plan Types Religare Broking 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 Religare Broking vs Groww on Brokerage Charges

Religare Broking Brokerage Plan detail - Religare One is a standard brokerage plan that charges a fixed percentage of brokerage from clients. The plan also provides a 3-month free subscription to the fair deal plan that charges Rs. 0 brokerages on non-profitable trades and options trading at just Rs. 5 per lot.

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 Religare Broking with Groww
Brokerage Charges Compare Religare Broking Groww
Plan Name Religare One Brokerage Plan (Percentage Based) Flat Brokerage Plan
Equity Delivery 0.50% to 0.10% 0.05% or Rs 20 whichever is lower
Equity Intraday 0.05% to 0.01% 0.05% or Rs 20 whichever is lower
Equity Futures 0.05% or 5 paisa Flat Fee Rs 20
Equity Options Rs 70 Per Lot Flat Fee Rs 20
Currency Futures 0.05% or 5 paisa Not Available
Currency Options Rs 30 Per Lot Not Available
Commodity Trading Futures: 0.05%| Options: Rs 30 per lot Not Available
Minimum Brokerage 1p per share NIL
Hidden Charges Yes Info Not Available
Funding Yes - 21% interest PA Info Not Available
Call & Trade Charges Rs 10 per order, Max rs 50 per segment per day Rs 50 Per Executable Order
Auto Square off Charges Rs 10 per order, Max rs 50 per segment per day Rs 50 Per Executable Order
Brokerage Calculator Brokerage Calculator for Religare Broking Brokerage Calculator for Groww
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Share Broker's Transaction Charges

Compare Religare Broking vs Groww on Transaction Charges

Compare Religare Broking with Groww on transaction charges and PCM fee by segment.

Transaction Charges - Compare Religare Broking with Groww
Transaction Charges Compare Religare Broking 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 religare-broking Complete Brokerage Plans for groww
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Account Features

Compare Religare Broking vs Groww on Account Features

Compare Religare Broking 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 - Groww offers a margin funding where Religare Broking doesn't offers margin funding. NRI Trading - Religare Broking offers NRI where Groww doesn't offers NRI Trading.

Account Features - Religare Broking with Groww
Account Features Compare Religare Broking Groww
3 in 1 Account No Religare Broking have 2-in-1 account. Only Demate and Trading account. No Religare Broking 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 No Yes
Combined Ledger for Equity and Commodity Yes No
Intraday Square-off Time 3:15PM 3:10 PM
NRI Trading Yes No
Other Features NIL NIL
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Trading Platform

Compare Religare Broking vs Groww on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Religare Broking 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 Religare Broking with Groww
Trading Platform Compare Religare Broking Groww
Desktop Trading Platform OdinDiet and Power FnO 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://secure.religareonline.com/Login.aspx Yes
Web Trading Demo Web Trading Demo Info Not Available
Mobile Site No Yes
Mobile Trading Yes Yes
Mobile Trading App Religare Dynami Groww App
Mobile Trading App Demo Religare Dynami Demo Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod Religare Dynami Download Andriod Groww App Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS Religare Dynami 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 Religare Broking Equity Intraday and Delivery Brokerage Calculator for Groww
Futures Brokerage Calculator Futures Brokerage Calculator for Religare Broking Futures Brokerage Calculator for Groww
Options Brokerage Calculator Options Brokerage Calculator for Religare Broking Options Brokerage Calculator for Groww
Detail Detail on Trading Platforms for religare-broking Detail on Trading Platforms for groww

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Broker Ratings by Users

Compare Religare Broking vs Groww on User Rating

  Religare Broking Groww
  56 Customer Reviews    Rate Religare Broking 7 Customer Reviews    Rate Groww
Fees Ratings 3.2 4.4
Trading Brokerage Rating 3.2 3.7
Trading Platform Usability 3.0 4.1
Customer Service Ratings 2.9 3.3
Overall Ratings 2.9 4.1
Broker Rating Religare Broking is Rated 2.9 / 5 based on 56 customer reviews Groww is Rated 4.1 / 5 based on 7 customer reviews
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Investment Offerings

Compare Religare Broking vs Groww on Investment Offerings

Compare Religare Broking 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 - Religare Broking 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 Religare Broking with Groww
Investment Offerings Compare Religare Broking 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 No No
PMS Service No No
Other Investment Options NIL NIL
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Order Types

Compare Religare Broking vs Groww on Order Types

Order Type - Compare Religare Broking 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) - Religare Broking 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) - Both broker don't have Bracket Orders (BO).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)- Religare Broking offers After Market Orders where Groww doesn't offers AMO. GTC Orders- Religare Broking offers Good Till Cancelled (GTC) orders where Groww doesn't support Good Till Cancelled (GTC) orders.

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

Compare Religare Broking vs Groww on Customer Service

Compare Religare Broking 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 Religare Broking with Groww
Customer Service Compare Religare Broking Groww
24/7 Customer Service Religare Broking vs Groww - 24x7 customer support No No
Email Support Religare Broking vs Groww - Email Support Yes Yes
Onine Live Chat Religare Broking vs Groww - Onine Live Chat No Yes
Phone Support Religare Broking vs Groww - Phone Support Yes Yes
Toll Free Number Religare Broking vs Groww - Toll Free Number No No
Through Branches Religare Broking vs Groww - Through Branches Yes No
Customer Care Number Religare Broking vs Groww - Customer Care Number 1860-25-88888 9108800604
Account Opening Process Religare Broking vs Groww - Account Opening Process Online/Paperless Online
Customer Support Email Religare Broking vs Groww - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Religare Broking vs Groww - Knowledge Center/Education Not available https://groww.in/academy
Head Office Address Religare Broking vs Groww - Head Office Address/Corporate Address Religare Broking Limited,
2nd Floor,
Rajlok Building,
24, Nehru Place,
New Delhi-110019
Groww Head Office
1st Floor, Proms Complex, SBI Colony,
1 A Koramangala, 560034
Website Religare Broking vs Groww - Company Website http://www.religareonline.com https://groww.in/
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Tips/Research/Reports Published

Compare Religare Broking vs Groww on Research Reports, Tips

Compare Religare Broking with Groww on research reports and tips provided by the broker.

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

Compare Religare Broking vs Groww on Demat Account

Compare Religare Broking 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 Religare Broking is ₹400 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 Religare Broking is ₹12 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 Religare Broking with Groww
  Religare Broking Groww
DP Source CDSL CDSL
DP ID Religare Broking vs Groww - DP ID 30200 No
Demat Account Annual Maintenance Charges(AMC) ₹400 pa Zero
Advance Deposit Rs. 500/- Nil
Statutory charges Nil Legal Charges
Transaction Charges on Debit (Per ISIN) ₹12 ₹8 + ₹5.50 CDSL charges
Demat ₹5 per certificate + ₹30 courier charges ₹150 per certificate + courier charges
Remat ₹20 per certificate + ₹30 courier charges + CDSL Charges ₹150 per certificate + courier charges
Pledge Creation 0.02% of transaction value or ₹50 whichever is higher ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Creation Confirmation 0.02% of transaction value or ₹50 whichever is higher ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Closure 0.02% of transaction value or ₹50 whichever is higher ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Closure Confirmation 0.02% of transaction value or ₹50 whichever is higher ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Invocation 0.02% of transaction value or ₹50 whichever is higher ₹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 Religare Broking vs Groww on Special Offers and Promotion

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

Compare Religare Broking vs Groww on Special Offers and Promotion
  Religare Broking Groww
Pay In and Pay Out Options Religare Broking vs Groww - Pay In and Pay Out Options Pay-in/adding funds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from Religare Mobile, Rligare Desktop and Web application.
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 Religare Broking vs Groww - Payout Time Upto 24 Hrs except Bank Holidays. Max 24 hrs except bank holidays
Bank Supported and Charges Religare Broking vs Groww - Bank Supported and Charges 21+ bank connected via payment gatway, Rs 10 fee for per transaction. Around 25 banks allow instant credit facility with charges of Rs 9 from Groww trading platform.
Bank Detail RELIGARE BROKING LIMITED,
Account Number:30078551502
Bank and Branch: SBI,Capital Market Branch,Mumbai
Account Type: Current Account
IFSC Code:SBIN0011777
Info Not Available
Likes
  • Invest in a bouquet of products.
  • Multiple brokerage plans.
  • Zero account opening charges.
  • Zero AMC for the first year.
  • State-of-the-art platforms with charting and other features.
  • Best-in-class research services from experts.
  • Dynami Wrap app, a free mutual fund investment
  • Fair Deal plan: Zero brokerage on loss-making trades for 3 months.
  • Dedicated relationship manager.
  • Margin trading.

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
  • Minimum brokerage charges is levied.
  • Non-transparent brokerage structure.
  • Religare does not have a flat discount brokerage plan.
  • ODIN Diet is a paid platform.

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 - Account opening fees Rs 500 waived off if you open an account with Rs 25000 margin.
Enquiry Open Zerodha Account Now>> Open Zerodha Account Now>>

Last Updated on 2023-09-13T03:22:46+00:00