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Alice Blue vs Groww (Compare Alice Blue and 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.

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

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: Get brokerage FREE equity delivery trading (truly no brokerage) and Flat Rs 15 intranet and F&O trade brokerage. Open Instant Account online with Alice Blue and start trading today.
Groww :
N/A
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 gold etfs, SGBs & gold funds
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 :
  •  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 facility
  •  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
Open Account

Alice Blue vs Groww Account Opening & AMC Charges

Alice Blue Trading Account Opening Fee is Rs 150 and Groww Trading Account Opening Fee is Rs 0 (Free) . Alice Blue Demat Account AMC is Rs 400 and Groww Demat Account AMC is Rs 0 .

Alice Blue Groww
Trading Account Opening Fee Trading Account Opening Fee :

Rs 150

Trading Account Opening Fee :

Rs 0 (Free)

Demat Account Opening Fee Demat Account Opening Fee :

Rs 0

Demat Account Opening Fee :

Rs 0

Demat Account AMC Demat Account AMC :

Rs 400

Demat Account AMC :

Rs 0

Trading Account AMC Trading Account AMC :

Rs 0

Trading Account AMC :

Rs 0


Alice Blue vs Groww Brokerage Charges

Alice Blue Brokerage Charges Equity Delivery is Rs 0 (Free) and Equity Intraday is Rs 15 per order or 0.05% whichever is lower and Equity Options is Rs 15 per order . Groww Brokerage Charges Equity Delivery is Rs 20 per executed order or 0.05% whichever is lower and Equity Intraday is Rs 20 per executed order or 0.05% whichever is lower and Equity Options is Rs 20 per executed order .

Alice Blue Groww
Plan Name Plan Name :

Freedom Plan (F15)

Plan Name :

Basic Plan

Equity Delivery Equity Delivery :

Rs 0 (Free)

Equity Delivery :

Rs 20 per executed order or 0.05% whichever is lower

Equity Intraday Equity Intraday :

Rs 15 per order or 0.05% whichever is lower

Equity Intraday :

Rs 20 per executed order or 0.05% whichever is lower

Equity Future Equity Future :

Rs 15 per order or 0.05% whichever is lower

Equity Future :

Rs 20 per executed order

Equity Options Equity Options :

Rs 15 per order

Equity Options :

Rs 20 per executed order

Currency Futures Currency Futures :

Rs 15 per order or 0.05% whichever is lower

Currency Futures :

NA

Currency Options Currency Options :

Rs 15 per order

Currency Options :

NA

Monthly Fee Monthly Fee : - Monthly Fee :

NA

Margin Trading Margin Trading : - Margin Trading : -
Commodity Futures Commodity Futures :

Rs 15 per order or 0.05% whichever is lower

Commodity Futures :

NA

Commodity Options Commodity Options :

Rs 15 per order

Commodity Options :

NA


Alice Blue vs Groww Exchange Transaction Charges

Alice Blue Exchange Transaction Charges Equity Future is NSE Rs 190 per Cr (0.0019%) | BSE Rs 0 and Equity Options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium) . Groww Exchange Transaction Charges Equity Future is NSE Rs 190 per Cr (0.0019%) | BSE Rs 0 and Equity Options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 3750 per Cr (0.0375%) (on premium) .

Alice Blue Groww
Equity Delivery Equity Delivery :

NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (each side)

Equity Delivery :

NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (each side)

Equity Intraday Equity Intraday :

NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (sell side)

Equity Intraday :

NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (sell side)

Equity Future * Equity Future :

NSE Rs 190 per Cr (0.0019%) | BSE Rs 0

Equity Future :

NSE Rs 190 per Cr (0.0019%) | BSE Rs 0

Equity Options * Equity Options :

NSE Rs 5000 per Cr (0.05%) | BSE Rs 3700 per Cr (0.037%) (on premium)

Equity Options :

NSE Rs 5000 per Cr (0.05%) | BSE Rs 3750 per Cr (0.0375%) (on premium)

Currency Futures * Currency Futures :

NSE Rs 90 per Cr (0.0009%) | BSE Rs 90 per Cr (0.0009%)

Currency Futures : -
Currency Options Currency Options :

NSE Rs 4000 per Cr (0.04%) | BSE Rs 100 per Cr (0.001%) (on premium)

Currency Options :

(on premium)

Commodity Commodity :

Non-Agri Rs 360 per Cr (0.0036%) | Agri Rs 275 per Cr (0.00275%)

Commodity :

NA


Alice Blue vs Groww Other Charges

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

Alice Blue Groww
Minimum Brokerage Minimum Brokerage :

Rs 0

Minimum Brokerage :

Rs 20 or 0.05% per executed order

Call & Trade Call & Trade :

Rs 20 per executed order

Call & Trade :

NA

Stamp Duty * Stamp Duty : - Stamp Duty : -
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: Rs 20 + Courier Charges; Auto square off charges : Rs 50


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

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 : - Unique features & Offers : -
Referral Program Referral Program :

1

Referral Program : -
Margin Against Shares (Equity Cash) * Margin Against Shares (Equity Cash) :

No

Margin Against Shares (Equity Cash) :

No

Margin Against Shares (Equity F&O) * Margin Against Shares (Equity F&O) :

No

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 :

₹0

Account Opening Fee :

₹0 (Free)

Advance Deposit Advance Deposit :

₹0

Advance Deposit :

₹0

AMC AMC :

₹400 per year

AMC :

₹0 (Free)

Dematerialisation Charges Dematerialisation Charges :

₹10 per certificate + ₹50 per request

Dematerialisation Charges :

₹150 per certificate + courier charges

Rematerialisation Charges Rematerialisation Charges :

₹30 per request + CDSL Fee + ₹10 per 100 securities

Rematerialisation Charges :

₹150 per certificate + courier charges

Transaction Charges (Credit) Transaction Charges (Credit) : - Transaction Charges (Credit) : -
Transaction Charges (debit) Transaction Charges (debit) :

0.04% of the value of the transaction (minimum ₹20)

Transaction Charges (debit) :

₹8 + ₹5.50 (CDSL Charges) per ISIN

Pledge Creation Charges Pledge Creation Charges :

0.04% of the value of the transaction (minimum ₹40)

Pledge Creation Charges :

₹20 + ₹12 per request (CDSL Charges)

Pledge Creation Confirmation Charges Pledge Creation Confirmation Charges :

₹0

Pledge Creation Confirmation Charges : -
Pledge Invocation Charges Pledge Invocation Charges :

0.04% of the value of the transaction (minimum ₹40)

Pledge Invocation Charges :

₹20

Failed Instruction Charges Failed Instruction Charges : - Failed Instruction Charges :

₹50 per ISIN

Other Charges Other Charges :

  • Power of Attorney (PoA): ₹150
  • Courier Charges: ₹100 per request
  • Additional DIS Booklet: ₹100 per booklet

Other Charges :

KYC Modification: ₹50


Alice Blue vs Groww Basic Details

Alice Blue and Total Number of Clients is 163460 and . Groww Year of Incorporation is 2016 and Total Number of Clients is 9185024 and .

Alice Blue Groww
Year of Incorporation Year of Incorporation : - 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 :

No

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 :

163,460

Total Number of Clients :

9,185,024

Total Number of Branches Total Number of Branches : - Total Number of Branches : -
Products * Products :

Mutual Fund, Equity, Currency & Commodity

Products :

GROWW MOBILE APP


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 :

No

Margin Trading :

No

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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