Groww vs IIFL (Compare Groww vs IIFL)

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 Groww vs IIFL, Below comparison of Groww vs IIFL 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 Groww vs IIFL is given below:

Groww

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IIFL

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	Groww	IIFL

About The Brokers	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	IIFL : "IIFL is the renowned stockbroker who provides various financial products to its customers at nominal brokerage. They have an excellent online presence and protect you >>> more
Find More Information about the Broker :	Groww : OVERVIEW BROKERAGE PRODUCTS & SERVICES	IIFL : OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING
Type of Broker	Groww : Discount Broker	IIFL : Full Service Broker
Promo/offers	Groww : Special Offer: Free Mutual fund/SIP investment + Flat ₹20 Equity delivery & Intra-day trades. Get the offer	IIFL : Special Offer: Brokerage free equity delivery trading + Flat ₹20 Intra-day and F&O trades.Get the offer
Advantage	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.	IIFL : Offer online IPO and Equity SIP 1900+ branches all over India & have a global presence Trading facility to NRIs is provided Provide multiple broking plans IIFL Trade terminal is one of the best trading terminal in India Offer Commodity Trading & Investment facility in Mutual funds & IPO
Disadvantage	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	IIFL : Scope improvement is there in customer support. Provides only 2-in-1 account facility Less transparency in brokerage plans High brokerage. Minimum Brokerage charges
Why This	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	IIFL : Full-service broker who provide 2-in-1 On-line trading account to Indian as well as NRIs present all over the world. Provide IPO service and equity SIP also Amongst top 10 stock brokers in India Best rated mobile Trading Platforms with >1.9m download. Have branches all over India. Approx 1900+ Branches They provide multiple brokerage plans All investment options - Equities, IPO, Mutual Funds,ETFs,Commodities,F&O Offer NRI Trading.

Groww vs IIFL Account Opening & AMC Charges

Groww Trading Account Opening Fee is ₹0 (Free) and IIFL Trading Account Opening Fee is ₹750 . Groww Demat Account AMC is ₹0 (Free) and IIFL Demat Account AMC is ₹400 per year .

	Groww	IIFL
Trading Account Opening Fee	Trading Account Opening Fee : ₹0 (Free)	Trading Account Opening Fee : ₹750
Demat Account Opening Fee	Demat Account Opening Fee : ₹0 (Free)	Demat Account Opening Fee : ₹0
Demat Account AMC	Demat Account AMC : ₹0 (Free)	Demat Account AMC : ₹400 per year
Trading Account AMC	Trading Account AMC : ₹0 (Free)	Trading Account AMC : ₹0

Groww vs IIFL Brokerage Charges

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 Trade Not Available . IIFL Brokerage Charges Equity Delivery is 0.50% and Equity Intraday is 0.05% and Equity Options is 1% of Premium or ₹100 per lot, whichever is high .

	Groww	IIFL
Plan Name	Plan Name : Basic Plan	Plan Name : Standard Plan
Equity Delivery	Equity Delivery : Rs.20 per executed order or 0.05% of order value	Equity Delivery : 0.50%
Equity Intraday	Equity Intraday : Rs.20 per executed order or 0.05% of order value	Equity Intraday : 0.05%
Equity Future	Equity Future : Trade Not Available	Equity Future : 0.05%
Equity Options	Equity Options : Trade Not Available	Equity Options : 1% of Premium or ₹100 per lot, whichever is high
Currency Futures	Currency Futures : Trade Not Available	Currency Futures : 0.05%
Currency Options	Currency Options : Trade Not Available	Currency Options : 1% of Premium or ₹100 per lot, whichever is high
Monthly Fee	Monthly Fee : NA	Monthly Fee : NA
Margin Trading	Margin Trading : NA	Margin Trading :
Commodity Futures	Commodity Futures : Trade Not Available	Commodity Futures : 0.05%
Commodity Options	Commodity Options : Trade Not Available	Commodity Options : 1% of Premium or ₹100 per lot, whichever is high

Groww vs IIFL Transaction Charges (Per Crore)

Groww Transaction Charges (Per Crore) Equity Future is NA and Equity Options is NA . IIFL Transaction Charges (Per Crore) Equity Future is 0.0021% and Equity Options is 0.051% on premium .

	Groww	IIFL
Equity Delivery	Equity Delivery : NSE ₹325 per Cr \| BSE ₹300 per Cr	Equity Delivery : 0.00325%
Equity Intraday	Equity Intraday : NSE ₹325 per Cr \| BSE ₹300 per Cr	Equity Intraday : 0.00325%
Equity Future *	Equity Future : NA	Equity Future : 0.0021%
Equity Options *	Equity Options : NA	Equity Options : 0.051% on premium
Currency Futures *	Currency Futures : NA	Currency Futures : 0.0021%
Currency Options	Currency Options : NA	Currency Options : 0.051% on premium
Commodity	Commodity : NA	Commodity : 0.0028%

Groww vs IIFL Other Charges

Groww Minimum Brokerage is ₹20 or 0.05% per executed order and Call & Trade is NA . IIFL Minimum Brokerage is ₹0.05 per share (₹25 Min) and Call & Trade is ₹50 per call .

	Groww	IIFL
Minimum Brokerage	Minimum Brokerage : ₹20 or 0.05% per executed order	Minimum Brokerage : ₹0.05 per share (₹25 Min)
Call & Trade	Call & Trade : NA	Call & Trade : ₹50 per call
Stamp Duty *	Stamp Duty : Delivery: 0.015%, Intraday: 0.03%, F&O: 0.002%	Stamp Duty : Charges as per the state of residence
DP Charges (on sell side)	DP Charges (on sell side) : ₹8 + ₹5.50 (CDSL Charges) per ISIN	DP Charges (on sell side) : 0.04% (minimum ₹25 per debit transaction)
Other Miscellaneous Charges	Other Miscellaneous Charges : Physical Contract Note:₹20+Courier; ₹50Auto square	Other Miscellaneous Charges : Advisory SMS - ₹50 per month

Groww vs IIFL Features

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

	Groww	IIFL
Trading Platform	Trading Platform : Groww Web , Groww Mobile	Trading Platform : Trader terminal and IIFL Markets App
Placing orders through charts	Placing orders through charts : No	Placing orders through charts : No
Trading Alerts	Trading Alerts : Yes	Trading Alerts : No
Research and Advice / Trading Tips	Research and Advice / Trading Tips : No	Research and Advice / Trading Tips : 0
Detailed Education Initiatives	Detailed Education Initiatives : No	Detailed Education Initiatives : Yes
Unique features & Offers	Unique features & Offers : Single platform for stocks, MFs, Gold, IPOs, ETFs,	Unique features & Offers : Market mantra, IIFL calls, Loyalty points
Referral Program	Referral Program : No	Referral Program : 0
Margin Against Shares (Equity Cash) *	Margin Against Shares (Equity Cash) : No	Margin Against Shares (Equity Cash) : Yes
Margin Against Shares (Equity F&O) *	Margin Against Shares (Equity F&O) : No	Margin Against Shares (Equity F&O) : No

Groww vs IIFL Demat Account Charges

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

	Groww	IIFL
Depository Service Provider	Depository Service Provider : CDSL	Depository Service Provider : CDSL and NSDL
Account Opening Fee	Account Opening Fee : ₹0 (Free)	Account Opening Fee : ₹750
Advance Deposit	Advance Deposit : NIL	Advance Deposit : Nil
AMC	AMC : ₹0 (Free)	AMC : ₹0
Dematerialisation Charges	Dematerialisation Charges : ₹150 per certificate + courier charges	Dematerialisation Charges : ₹15 per certificate + ₹40 as postal charges
Rematerialisation Charges	Rematerialisation Charges : ₹150 per certificate + courier charges	Rematerialisation Charges : ₹15 per certificate or ₹15 for every 100 securities or part thereof whichever is higher + ₹40 for courier
Transaction Charges (Credit)	Transaction Charges (Credit) : NA	Transaction Charges (Credit) : -
Transaction Charges (debit)	Transaction Charges (debit) : ₹8 + ₹5.50 (CDSL Charges) per ISIN	Transaction Charges (debit) : 0.05% (Min ₹15 and max ₹100)
Pledge Creation Charges	Pledge Creation Charges : ₹20 + ₹12 per request (CDSL Charges))	Pledge Creation Charges : ₹50
Pledge Creation Confirmation Charges	Pledge Creation Confirmation Charges : ₹20 + ₹12 per request (CDSL Charges))	Pledge Creation Confirmation Charges : Nil
Pledge Invocation Charges	Pledge Invocation Charges : ₹20	Pledge Invocation Charges : Nil
Failed Instruction Charges	Failed Instruction Charges : ₹50 per ISIN	Failed Instruction Charges : Nil
Other Charges	Other Charges : KYC Modification Request : ₹50	Other Charges : Nil

Groww vs IIFL Basic Details

Groww Year of Incorporation is 2016 and Total Number of Clients is 324906+ and . IIFL Year of Incorporation is 1996 and Total Number of Clients is 2,30,000+ and Total Number of Branches is 900 .

	Groww	IIFL
Year of Incorporation	Year of Incorporation : 2016	Year of Incorporation : 1996
Active Exchange Memberships	Active Exchange Memberships : NSE and BSE	Active Exchange Memberships : NSE, BSE, MCX, and NCDEX
Demat Services	Demat Services : From CDSL	Demat Services : Yes
Website	Website : https://groww.in/	Website : https://www.indiainfoline.com
Contact Details	Contact Details : -	Contact Details : 022-400710000
Total Number of Clients	Total Number of Clients : 324906+	Total Number of Clients : 2,30,000+
Total Number of Branches	Total Number of Branches : -	Total Number of Branches : 900
Products *	Products : GROWW MOBILE APP	Products : Investment banking, institutional broking, retail broking, private wealth management, and financial product distribution, currency and commodity broking

Groww vs IIFL Charts and Data

Groww and IIFL both offer a host of Charts & Data for better decision making to their clients. Their comparative analysis is in the below table:

	Groww	IIFL
Live data source	Live data source : -	Live data source : Yes
Advanced Charting tools	Advanced Charting tools : -	Advanced Charting tools : Yes
Multi-Chart Setup	Multi-Chart Setup : -	Multi-Chart Setup : No
No.of indicators	No.of indicators : -	No.of indicators : 99
No.of charts can be opened	No.of charts can be opened : -	No.of charts can be opened : 1
Live Scanners	Live Scanners : -	Live Scanners : No
Customizable screeners	Customizable screeners : -	Customizable screeners : No
Trading from charts	Trading from charts : -	Trading from charts : No
Compare Symbol performance on Chart	Compare Symbol performance on Chart : -	Compare Symbol performance on Chart : No
Options charts	Options charts : -	Options charts : Yes
Continuous futures charts	Continuous futures charts : -	Continuous futures charts : Yes
Intraday historical data for charts	Intraday historical data for charts : -	Intraday historical data for charts : 20 days
End of Day historical data for charts	End of Day historical data for charts : -	End of Day historical data for charts : 10 years
Corporate action adjusted charts	Corporate action adjusted charts : -	Corporate action adjusted charts : No
Back Testing	Back Testing : -	Back Testing : No
Options Chain	Options Chain : -	Options Chain : Yes
Heat Maps	Heat Maps : -	Heat Maps : Yes
Analytics	Analytics : -	Analytics : No
Price Ladder	Price Ladder : -	Price Ladder : No

Groww vs IIFL Leverage

Leverage

	Groww	IIFL
Equity Delivery	Equity Delivery : 1x (no margin)	Equity Delivery : Upto 3x (18% Annual Interest)
Equity Intraday	Equity Intraday : Up to 8x (based on the stock)	Equity Intraday : Upto 20x
Equity Futures	Equity Futures : NA	Equity Futures : Upto 3x
Equity Options	Equity Options : NA	Equity Options : 3x for shorting
Currency Futures	Currency Futures : NA	Currency Futures : Upto 2x
Currency Options	Currency Options : NA	Currency Options : 2x for shorting
Commodity Futures	Commodity Futures : NA	Commodity Futures : Upto 3x
Commodity Options	Commodity Options : NA	Commodity Options :

Groww vs IIFL Orders

Orders

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

Groww vs IIFL Research and Advice / Trading Tips

Research and Advice / Trading Tips

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

Groww vs IIFL Franchisee / Authorized Person related information

Franchisee / Authorized Person related information

	Groww	IIFL
Availability for franchisee / AP	Availability for franchisee / AP : NA	Availability for franchisee / AP : Yes
Investment required for Franchisee / AP	Investment required for Franchisee / AP : NA	Investment required for Franchisee / AP : Rs.75,000 to Rs.2,00,000

Groww vs IIFL Product & Services

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

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

Groww vs IIFL Customer Services

Groww and IIFL 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:

	Groww	IIFL
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 : No	Branch Offices : Yes
Customer Care *	Customer Care : No	Customer Care : Yes
Community Service *	Community Service : No	Community Service : Yes
Relationship Manager *	Relationship Manager : No	Relationship Manager : -
24/7 Support *	24/7 Support : No	24/7 Support : No

Groww vs IIFL Other Investement

Groww and IIFL 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:

	Groww	IIFL
Commodity Trading *	Commodity Trading : No	Commodity Trading : Yes
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 : Yes
Investment in Corporate Debt instruments *	Investment in Corporate Debt instruments : No	Investment in Corporate Debt instruments : Yes
Insurance Services *	Insurance Services : No	Insurance Services : Yes
Banking Services *	Banking Services : No	Banking Services : No

Groww vs IIFL Trading PlatForm

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

	Groww	IIFL
Web Platform *	Web Platform : Yes	Web Platform : Yes
Android Mobile App *	Android Mobile App : Yes	Android Mobile App : Yes
Desktop Windows *	Desktop Windows : No	Desktop Windows : Yes
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 : -
iPhone Mobile App *	iPhone Mobile App : Yes	iPhone Mobile App : Yes

Groww vs IIFL Company Information

	Groww	IIFL
Financials *	Financials : No	Financials : Yes
News *	News : No	News :
Company Analysis *	Company Analysis : No	Company Analysis : Yes
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