Alice Blue vs Groww (Compare Alice Blue vs Groww)

So many brokers are offering stock trading & Demat services in India, which one is best, which one provides the services at the lowest price, provides best mobile trading application, the best research team, etc. All answers to your questions would be available here.

Here we provide side by side comparison between Alice Blue vs Groww, Below comparison of Alice Blue vs Groww highlights the variations of Brokerage charges & services offered, Compare their ratings, brokerage & AMC charges, Investment choices, Customer Service, Demat Account, features, Platforms, and running offers.

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One on One comparison of Alice Blue vs Groww is given below:

Alice Blue

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Groww

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	Alice Blue	Groww

About The Brokers	Alice Blue : "Started in 2006, Alice Blue provides Stock & Commodity trading at the lowest brokerage fee and has a network of 17 branches located in major cities along with more th >>> more	Groww : "Groww is one of India's fastest-growing platforms and undoubtedly the best platform for brokerage-free Direct mutual funds investment. They have a strong customer bas >>> more
Find More Information about the Broker :	Alice Blue : OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING	Groww : OVERVIEW BROKERAGE PRODUCTS & SERVICES
Type of Broker	Alice Blue : Discount Broker	Groww : Discount Broker
Promo/offers	Alice Blue : Special Offer: Brokerage free Equity Delivery trading+ Flat ₹15 and F&O trades. Get the offer	Groww : Special Offer: Free Mutual fund/SIP investment + Flat ₹20 Equity delivery & Intra-day trades. Get the offer
Advantage	Alice Blue : Free Delivery Trade Lowest Brokerage charges on Intrady & F&O at Rs 15 Per Trade. commission Free mutual fund investment Free Trading & Demate account opening Instant digital account opening No minimum brokerage. No minimum commitment. No Prepaid Plans. ANT Trading Software is available for free to all its customers. The daily market report is available for free to all customers. Free API for Algo trading. Up to 10 times exposure on Equity via Bracket Order..	Groww : Free research services No DP charges on buy & low brokerage. Commission Free mutual fund investment Free Demat & Trading account, No charges on account opening Zero Clearing Charges Zero Demat AMC Charges Option to invest online in digital gold.
Disadvantage	Alice Blue : Does not provide a 3in1 account facility. Does not provide trading options: GTC (Good Till Cancelled) & GTT orders Do not Offer NRI Trading 3rd party trading tools are not free and charge a subscription fee. Online IPO, NCD, and Corporate bonds are not available. Broker-assisted trades (Call & Trade) are available at an extra Rs 20 per executed order.	Groww : No F&O Trading, Grow does not provide Options & Future Trading. Does not provide a 3in1 account facility. Does not provide commodity Trading Does not provide trading options: Bracket, GTT orders, etc does not provide Margin trading facilityc No Call and Trade services No Margin against shares Does not offer NRI Trading
Why This	Alice Blue : Free Delivery Trade, Alice Blue does not charge any brokerage on Delivery trade. They offer Equity intraday trade at ₹15 or 0.01% (whichever is lower) Alice Blue provides mutual funds investment at Zero Commission, No transaction charges, 100% paperless online Demat account opening Advanced Trading Tools- ANT Meta and , ANT Scanner. and other 3rd party tools. Free trading software's to all its customers. Trade School an online resource for learning investment concepts and trading skills. Experience trust of over 20 years as a full-service broker. Advanced charts and other options like cover order,bracket order and Aftermarket order (AMO) are available Provides Brokerage & Margin Calculator	Groww : Groww charge Rs.20 per executed order or 0.05% of order value (whichever is lower) for delivery trade. Equity intraday trade at Rs. 20 or 0.05% (whichever is lower) Groww provides mutual funds investment at Zero Fees, No transaction charges, 100% paperless online Demat account opening 128 bit SSL Encryption Get complete stock analysis with company financials like P&L, Balance Sheet, etc & pick your best shares to buy free of cost No DP charges on buy. Highly rated Groww mobile App Facility to invest in US Stocks

Alice Blue vs Groww Account Opening & AMC Charges

Alice Blue Trading Account Opening Fee is ₹0 and Groww Trading Account Opening Fee is ₹0 (Free) . Alice Blue Demat Account AMC is ₹0 and Groww Demat Account AMC is ₹0 (Free) .

	Alice Blue	Groww
Trading Account Opening Fee	Trading Account Opening Fee : ₹0	Trading Account Opening Fee : ₹0 (Free)
Demat Account Opening Fee	Demat Account Opening Fee : ₹0	Demat Account Opening Fee : ₹0 (Free)
Demat Account AMC	Demat Account AMC : ₹0	Demat Account AMC : ₹0 (Free)
Trading Account AMC	Trading Account AMC : ₹400	Trading Account AMC : ₹0 (Free)

Alice Blue vs Groww Brokerage Charges

Alice Blue Brokerage Charges Equity Delivery is Free and Equity Intraday is 0.01 or ₹15/Trade whichever is lower and Equity Options is Flat ₹15 per executed order . Groww Brokerage Charges Equity Delivery is Rs.20 per executed order or 0.05% of order value and Equity Intraday is Rs.20 per executed order or 0.05% of order value and Equity Options is Flat Rs.20 per Trade .

	Alice Blue	Groww
Plan Name	Plan Name : Freedom Plan (F15)	Plan Name : Standard Plan	Plan Name : Basic Plan
Equity Delivery	Equity Delivery : Free	Equity Delivery : Rs.20 per executed order or 0.05% of order value	Equity Delivery : Rs.20 per executed order or 0.05% of order value
Equity Intraday	Equity Intraday : 0.01 or ₹15/Trade whichever is lower	Equity Intraday : -	Equity Intraday : Rs.20 per executed order or 0.05% of order value
Equity Future	Equity Future : 0.01 or ₹15/Trade whichever is lower	Equity Future : -	Equity Future : Flat Rs.20 per Trade
Equity Options	Equity Options : Flat ₹15 per executed order	Equity Options : -	Equity Options : Flat Rs.20 per Trade
Currency Futures	Currency Futures : 0.01 or ₹15/Trade whichever is lower	Currency Futures : -	Currency Futures : Trade Not Available
Currency Options	Currency Options : Flat ₹15 per executed order	Currency Options : -	Currency Options : Trade Not Available
Monthly Fee	Monthly Fee : NA	Monthly Fee : -	Monthly Fee : NA
Margin Trading	Margin Trading : Yes	Margin Trading : -	Margin Trading : NA
Commodity Futures	Commodity Futures : 0.01 or ₹15/Trade whichever is lower	Commodity Futures : -	Commodity Futures : Trade Not Available
Commodity Options	Commodity Options : Flat ₹15 per executed order	Commodity Options : -	Commodity Options : Trade Not Available

Alice Blue vs Groww Transaction Charges (Per Crore)

Alice Blue Transaction Charges (Per Crore) Equity Future is NSE ₹200 per Cr (0.0020%) and Equity Options is NSE ₹5300 per Cr (0.053%) | BSE ₹1 per trade (each side) . Groww Transaction Charges (Per Crore) Equity Future is NSE: 0.0019% | BSE 0.003% (each side) and Equity Options is NSE: 0.0019% | BSE 0.003% (each side) .

	Alice Blue	Groww
Equity Delivery	Equity Delivery : NSE ₹345 per Cr (0.00325%) \| BSE ₹345 per Cr	Equity Delivery : NSE ₹345 per Cr \| BSE ₹345 per Cr
Equity Intraday	Equity Intraday : NSE ₹345 per Cr (0.00325%) \| BSE ₹345 per Cr	Equity Intraday : NSE ₹345 per Cr \| BSE ₹345 per Cr
Equity Future *	Equity Future : NSE ₹200 per Cr (0.0020%)	Equity Future : NSE: 0.0019% \| BSE 0.003% (each side)
Equity Options *	Equity Options : NSE ₹5300 per Cr (0.053%) \| BSE ₹1 per trade (each side)	Equity Options : NSE: 0.0019% \| BSE 0.003% (each side)
Currency Futures *	Currency Futures : NSE ₹260 per Cr (0.00026%)	Currency Futures : NA
Currency Options	Currency Options : NSE ₹3260 per Cr (0.032%) (on premium)	Currency Options : NA
Commodity	Commodity : ₹375 per Cr (0.00375%)	Commodity : NA

Alice Blue vs Groww Other Charges

Alice Blue Minimum Brokerage is ₹0 and Call & Trade is ₹20 per executed order . Groww Minimum Brokerage is ₹20 or 0.05% per executed order and Call & Trade is NA .

	Alice Blue	Groww
Minimum Brokerage	Minimum Brokerage : ₹0	Minimum Brokerage : ₹20 or 0.05% per executed order
Call & Trade	Call & Trade : ₹20 per executed order	Call & Trade : NA
Stamp Duty *	Stamp Duty : Delivery: 0.015%, Intraday: 0.03%, F&O: 0.002%	Stamp Duty : Delivery: 0.015%, Intraday: 0.03%, F&O: 0.002%
DP Charges (on sell side)	DP Charges (on sell side) : ₹15 per transaction	DP Charges (on sell side) : ₹8 + ₹5.50 (CDSL Charges) per ISIN
Other Miscellaneous Charges	Other Miscellaneous Charges : -	Other Miscellaneous Charges : Physical Contract Note:₹20+Courier; ₹50Auto square

Alice Blue vs Groww Features

Alice Blue and Groww both offer a host of features, trading tools & platforms to their clients. Their comparative analysis is in the below table:

	Alice Blue	Groww
Trading Platform	Trading Platform : Front End: ANT \| Back End: Omnesys NEST	Trading Platform : Groww Web , Groww Mobile
Placing orders through charts	Placing orders through charts : Yes	Placing orders through charts : No
Trading Alerts	Trading Alerts : Yes	Trading Alerts : Yes
Research and Advice / Trading Tips	Research and Advice / Trading Tips : No	Research and Advice / Trading Tips : No
Detailed Education Initiatives	Detailed Education Initiatives : No	Detailed Education Initiatives : No
Unique features & Offers	Unique features & Offers : Algo Trading	Unique features & Offers : Single platform for stocks, MFs, Gold, IPOs, ETFs,
Referral Program	Referral Program : Yes	Referral Program : No
Margin Against Shares (Equity Cash) *	Margin Against Shares (Equity Cash) : Yes	Margin Against Shares (Equity Cash) : No
Margin Against Shares (Equity F&O) *	Margin Against Shares (Equity F&O) : Yes	Margin Against Shares (Equity F&O) : No

Alice Blue vs Groww Demat Account Charges

A comparative table of various demat account charges between Alice Blue and Groww is below:

	Alice Blue	Groww
Depository Service Provider	Depository Service Provider : CDSL	Depository Service Provider : CDSL
Account Opening Fee	Account Opening Fee : Nil	Account Opening Fee : ₹0 (Free)
Advance Deposit	Advance Deposit : NA	Advance Deposit : NIL
AMC	AMC : ₹400	AMC : ₹0 (Free)
Dematerialisation Charges	Dematerialisation Charges : Rs 10 per certificate + Rs 50 per request	Dematerialisation Charges : ₹150 per certificate + courier charges
Rematerialisation Charges	Rematerialisation Charges : Rs 30 (Per certificate) + CDSL Charges	Rematerialisation Charges : ₹150 per certificate + courier charges
Transaction Charges (Credit)	Transaction Charges (Credit) : -	Transaction Charges (Credit) : NA
Transaction Charges (debit)	Transaction Charges (debit) : Rs 15 flat for every debit transaction	Transaction Charges (debit) : ₹8 + ₹5.50 (CDSL Charges) per ISIN
Pledge Creation Charges	Pledge Creation Charges : Rs 20 + Rs 12 per request (CDSL Charges)	Pledge Creation Charges : ₹20 + ₹12 per request (CDSL Charges))
Pledge Creation Confirmation Charges	Pledge Creation Confirmation Charges : -	Pledge Creation Confirmation Charges : ₹20 + ₹12 per request (CDSL Charges))
Pledge Invocation Charges	Pledge Invocation Charges : Rs 20	Pledge Invocation Charges : ₹20
Failed Instruction Charges	Failed Instruction Charges : Rs 50 per ISIN	Failed Instruction Charges : ₹50 per ISIN
Other Charges	Other Charges : -	Other Charges : KYC Modification Request : ₹50

Alice Blue vs Groww Basic Details

Alice Blue Year of Incorporation is 2006 and Total Number of Clients is 143792 and Total Number of Branches is 17 . Groww Year of Incorporation is 2016 and Total Number of Clients is 1784059 and .

	Alice Blue	Groww
Year of Incorporation	Year of Incorporation : 2006	Year of Incorporation : 2016
Active Exchange Memberships	Active Exchange Memberships : NSE, BSE, MCX	Active Exchange Memberships : NSE and BSE
Demat Services	Demat Services : No	Demat Services : From CDSL
Website	Website : www.aliceblueonline.com	Website : https://groww.in/
Contact Details	Contact Details : 080-61575500\|080-45490850	Contact Details : -
Total Number of Clients	Total Number of Clients : 143792	Total Number of Clients : 1784059
Total Number of Branches	Total Number of Branches : 17	Total Number of Branches : -
Products *	Products : Mutual Fund, Equity, Currency & Commodity	Products : GROWW MOBILE APP

Alice Blue vs Groww Leverage

Leverage

	Alice Blue	Groww
Equity Delivery	Equity Delivery : Intraday: 20x \| Bracket Order: 20x \| Cover Order: NA \| CNC-Delivery: 3x	Equity Delivery : 1x (no margin)
Equity Intraday	Equity Intraday : Intraday: 20x \| Bracket Order: 20x \| Cover Order: NA \| CNC-Delivery: 3x	Equity Intraday : Up to 8x (based on the stock)
Equity Futures	Equity Futures : Intraday: 10x \| Bracket Order: 20x \| Cover Order: 20x \| CNC-Delivery: 1x	Equity Futures : NA
Equity Options	Equity Options : Intraday: Buy-3x Sell 10x \| Bracket Order: NA \| Cover Order: NA \| CNC-Delivery: 1x	Equity Options : NA
Currency Futures	Currency Futures : Intraday: 10x \| Bracket Order: 20x \| Cover Order: 20x \| CNC-Delivery: 1x	Currency Futures : NA
Currency Options	Currency Options : Intraday: Buy-3x Sell 10x \| Bracket Order: NA \| Cover Order: NA \| CNC-Delivery: 1x	Currency Options : NA
Commodity Futures	Commodity Futures : Intraday: 10x \| Bracket Order: 20x \| Cover Order: 20x \| CNC-Delivery: 1x	Commodity Futures : NA
Commodity Options	Commodity Options : -	Commodity Options : NA
F&O (Eq, Curr, Comm)	F&O (Eq, Curr, Comm) : -	F&O (Eq, Curr, Comm) : -

Alice Blue vs Groww Orders

Orders

	Alice Blue	Groww
Cover Orders (CO)	Cover Orders (CO) : Yes	Cover Orders (CO) : NO
Bracket orders / One Cancels Other (BO / OCO)	Bracket orders / One Cancels Other (BO / OCO) : Yes	Bracket orders / One Cancels Other (BO / OCO) : NO
After Market Orders (AMO)	After Market Orders (AMO) : Yes	After Market Orders (AMO) : No
Buy Today Sell Tomorrow (BTST) *	Buy Today Sell Tomorrow (BTST) : Yes	Buy Today Sell Tomorrow (BTST) : Yes
Sell Today Buy Tomorrow (STBT) *	Sell Today Buy Tomorrow (STBT) : Yes	Sell Today Buy Tomorrow (STBT) : No
Good Till Cancelled (GTC) *	Good Till Cancelled (GTC) : No	Good Till Cancelled (GTC) : No

Alice Blue vs Groww Research and Advice / Trading Tips

Research and Advice / Trading Tips

	Alice Blue	Groww
Equity Trading Recommendation *	Equity Trading Recommendation : No	Equity Trading Recommendation : No
Equity Investment Recommendation *	Equity Investment Recommendation : No	Equity Investment Recommendation : No
Recommendation basis risk Profile *	Recommendation basis risk Profile : No	Recommendation basis risk Profile : No
Comparison *	Comparison : No	Comparison : No
Free Tips *	Free Tips : No	Free Tips : No
Daily Market report *	Daily Market report : Yes	Daily Market report : No
ETF research *	ETF research : No	ETF research : No
Quarterly Results *	Quarterly Results : No	Quarterly Results : No

Alice Blue vs Groww Franchisee / Authorized Person related information

Franchisee / Authorized Person related information

	Alice Blue	Groww
Availability for franchisee / AP	Availability for franchisee / AP : -	Availability for franchisee / AP : NA
Investment required for Franchisee / AP	Investment required for Franchisee / AP : -	Investment required for Franchisee / AP : NA

Alice Blue vs Groww Product & Services

Alice Blue and Groww both offer a host of Products & Services for a better trading experience for their clients. Their comparative analysis is in the below table:

	Alice Blue	Groww
Delivery Based Trading *	Delivery Based Trading : Yes	Delivery Based Trading : Yes
Margin Trading *	Margin Trading : Yes	Margin Trading : NA
Call in Trade *	Call in Trade : Yes	Call in Trade : NA
Trading in Both the exchanges *	Trading in Both the exchanges : Yes	Trading in Both the exchanges : Yes
Limit Order *	Limit Order : -	Limit Order : Yes
3-in-1 On-line Trading Account *	3-in-1 On-line Trading Account : No	3-in-1 On-line Trading Account : No
NRI Services *	NRI Services : No	NRI Services : NO
SMS Alerts *	SMS Alerts : No	SMS Alerts : YES
Offers Multiple Plan *	Offers Multiple Plan : No	Offers Multiple Plan : No
IPO Investment *	IPO Investment : No	IPO Investment : YES
Portfolio Analysis *	Portfolio Analysis : No	Portfolio Analysis : NO
Advanced Charting Features *	Advanced Charting Features : Yes	Advanced Charting Features : No
Brokerage Calculator *	Brokerage Calculator : Yes	Brokerage Calculator : Yes
Margin Calculator *	Margin Calculator : Yes	Margin Calculator : Yes
Stop Loss Order *	Stop Loss Order : Yes	Stop Loss Order : Yes
Bracket Orders & Trailing Stop Loss *	Bracket Orders & Trailing Stop Loss : Yes	Bracket Orders & Trailing Stop Loss : No
Equity Future & Option Trading *	Equity Future & Option Trading : Yes	Equity Future & Option Trading : No
Currency Future & Option Trading *	Currency Future & Option Trading : Yes	Currency Future & Option Trading : No
Market Trading *	Market Trading : Yes	Market Trading : Yes
Monthly & Yearly Plan *	Monthly & Yearly Plan : No	Monthly & Yearly Plan : No
Aumtomated Trading *	Aumtomated Trading : Yes	Aumtomated Trading : No

Alice Blue vs Groww Customer Services

Alice Blue and Groww both offer a host of Customer service options to their clients to quickly solve their queries or grievances if any. Their comparative analysis is in the below table:

	Alice Blue	Groww
Toll Free Number *	Toll Free Number : No	Toll Free Number : No
Live Chat Facility *	Live Chat Facility : No	Live Chat Facility : No
Email Facility *	Email Facility : Yes	Email Facility : Yes
Branch Offices *	Branch Offices : Yes	Branch Offices : No
Customer Care *	Customer Care : No	Customer Care : No
Community Service *	Community Service : No	Community Service : No
Relationship Manager *	Relationship Manager : No	Relationship Manager : No
24/7 Support *	24/7 Support : No	24/7 Support : No

Alice Blue vs Groww Other Investement

Alice Blue and Groww both offer a lot of investment avenues apart from Stock trading on their platforms to their clients to make a better trading experience. Their comparative analysis is in the below table:

	Alice Blue	Groww
Commodity Trading *	Commodity Trading : Yes	Commodity Trading : No
Investment in ETFs *	Investment in ETFs : Yes	Investment in ETFs : Yes
Investment in Mutual Funds *	Investment in Mutual Funds : Yes	Investment in Mutual Funds : Yes
Investment in Bonds *	Investment in Bonds : No	Investment in Bonds : No
Investment in Corporate Debt instruments *	Investment in Corporate Debt instruments : Yes	Investment in Corporate Debt instruments : No
Insurance Services *	Insurance Services : No	Insurance Services : No
Banking Services *	Banking Services : No	Banking Services : No

Alice Blue vs Groww Trading PlatForm

Alice Blue and Groww both offer a host of Trading Platform for a better trading experience for their clients. Their comparative analysis is in the below table:

	Alice Blue	Groww
Web Platform *	Web Platform : Yes	Web Platform : Yes
Android Mobile App *	Android Mobile App : Yes	Android Mobile App : Yes
Desktop Windows *	Desktop Windows : Yes	Desktop Windows : No
Desktop Mac *	Desktop Mac : No	Desktop Mac : No
I-Pad App *	I-Pad App : Yes	I-Pad App : Yes
Virtual Trading *	Virtual Trading : No	Virtual Trading : No
iPhone Mobile App *	iPhone Mobile App : Yes	iPhone Mobile App : Yes
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