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Groww vs Religare Broking (Compare Groww vs Religare Broking)

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 Religare Broking, Below comparison of Groww vs Religare Broking 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 Groww vs Religare Broking is given below:

Groww Religare Broking
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

Religare Broking :

"RSL is one of the market leading securities firms in India serving over 8 lakh clients across both Offline and Online platforms. Through its extensive branch network    >>> more

Find More Information about the Broker :
Groww :
OVERVIEW BROKERAGE PRODUCTS & SERVICES
Religare Broking :
OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING
Type of Broker
Groww :
 Discount Broker
Religare Broking :
 Full Service Broker
Promo/offers
Groww :
Special Offer: Free Mutual fund/SIP investment + Flat ₹20 Equity delivery & Intra-day trades. Get the offer
Religare Broking :
N/A
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.
Religare Broking :
  • It provides Instant discount plan.
  • Easy to use experience on the app and online trading
  • You can fund your account through physical cheque submission in the branch
  • They have a research plan for more than 300 companies
  • Derivatives trading, NRI services, mutual funds, IPOs, and online life insurance.
  • Multiple Registration bank account facility is available
  • Daily trading confirmation calls
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
Religare Broking :
  • Can be improved on the transparency of fees, brokerage and other charges.
  • High Brokerage charges
  • Minimum Brokerage charged
  • No Live Chat Facility
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
Religare Broking :
  • Religare is registered at both, National Stock Exchange and Bombay Stock Exchange. Also, provide products such as Equities, Currencies, Commodities, IPOs, Mutual Funds, Bonds/NCDs through NSE, BSE, MCXSX, USE.
  • Religare has been appreciated by various organizations for its top–class services and contributions to the industry.
  • Religare provides some of the best facilities in research. For example – It provides an easily accessible platform for stock market research called Tech scan.
  • It covered a significant part of India through its outlets and partnered with ten banks for providing various services to its clients
  • Dedicated Branch & Relationship manager

Groww vs Religare Broking Account Opening & AMC Charges

Groww Trading Account Opening Fee is ₹0 (Free) and Religare Broking Trading Account Opening Fee is ₹500 . Groww Demat Account AMC is ₹0 (Free) and Religare Broking Demat Account AMC is ₹400 from second year onward .

Groww Religare Broking
Trading Account Opening Fee Trading Account Opening Fee :

₹0 (Free)

Trading Account Opening Fee :

₹500

Demat Account Opening Fee Demat Account Opening Fee :

₹0 (Free)

Demat Account Opening Fee :

Nil

Demat Account AMC Demat Account AMC :

₹0 (Free)

Demat Account AMC :

₹400 from second year onward

Trading Account AMC Trading Account AMC :

₹0 (Free)

Trading Account AMC :

₹0


Groww vs Religare Broking 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 Flat Rs.20 per Trade . Religare Broking Brokerage Charges Equity Delivery is 0.50% to 0.10% and Equity Intraday is 0.050% to 0.010% and Equity Options is ₹70 per lot .

Groww Religare Broking
Plan Name Plan Name :

Standard Plan

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 :

Rs.20 per executed order or 0.05% of order value

Equity Delivery :

0.50% to 0.10%

Equity Intraday Equity Intraday : - Equity Intraday :

Rs.20 per executed order or 0.05% of order value

Equity Intraday :

0.050% to 0.010%

Equity Future Equity Future : - Equity Future :

Flat Rs.20 per Trade

Equity Future :

0.05%

Equity Options Equity Options : - Equity Options :

Flat Rs.20 per Trade

Equity Options :

₹70 per lot

Currency Futures Currency Futures : - Currency Futures :

Trade Not Available

Currency Futures :

0.05%

Currency Options Currency Options : - Currency Options :

Trade Not Available

Currency Options :

₹30 per lot

Monthly Fee Monthly Fee : - Monthly Fee :

NA

Monthly Fee : -
Margin Trading Margin Trading : - Margin Trading :

NA

Margin Trading :

0.025%

Commodity Futures Commodity Futures : - Commodity Futures :

Trade Not Available

Commodity Futures :

0.05%

Commodity Options Commodity Options : - Commodity Options :

Trade Not Available

Commodity Options :

₹30 per lot


Groww vs Religare Broking Transaction Charges (Per Crore)

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) . Religare Broking Transaction Charges (Per Crore) Equity Future is 0.004% and Equity Options is 0.06% on Premium .

Groww Religare Broking
Equity Delivery Equity Delivery :

NSE ₹345 per Cr | BSE ₹345 per Cr

Equity Delivery :

0.0037%

Equity Intraday Equity Intraday :

NSE ₹345 per Cr | BSE ₹345 per Cr

Equity Intraday :

0.0037%

Equity Future * Equity Future :

NSE: 0.0019% | BSE 0.003% (each side)

Equity Future :

0.004%

Equity Options * Equity Options :

NSE: 0.0019% | BSE 0.003% (each side)

Equity Options :

0.06% on Premium

Currency Futures * Currency Futures :

NA

Currency Futures :

0.004%

Currency Options Currency Options :

NA

Currency Options :

0.06% on Premium

Commodity Commodity :

NA

Commodity :

0.0035%


Groww vs Religare Broking Other Charges

Groww Minimum Brokerage is ₹20 or 0.05% per executed order and Call & Trade is NA . Religare Broking Minimum Brokerage is 1p per share and Call & Trade is ₹10 per executed order (max ₹50 per day) .

Groww Religare Broking
Minimum Brokerage Minimum Brokerage :

₹20 or 0.05% per executed order

Minimum Brokerage :

1p per share

Call & Trade Call & Trade :

NA

Call & Trade :

₹10 per executed order (max ₹50 per day)

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) :

₹12 + ₹5.5 (CDSL) per scrip

Other Miscellaneous Charges Other Miscellaneous Charges :

Physical Contract Note:₹20+Courier; ₹50Auto square

Other Miscellaneous Charges : -

Groww vs Religare Broking Features

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

Groww Religare Broking
Trading Platform Trading Platform :

Groww Web , Groww Mobile

Trading Platform :

Odin Diet web, desktop and mobile 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 : -
Detailed Education Initiatives Detailed Education Initiatives :

No

Detailed Education Initiatives :

No

Unique features & Offers Unique features & Offers :

Single platform for stocks, MFs, Gold, IPOs, ETFs,

Unique features & Offers :

MF and EMI calculators

Referral Program Referral Program :

No

Referral Program : -
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) :

Yes


Groww vs Religare Broking Demat Account Charges

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

Groww Religare Broking
Depository Service Provider Depository Service Provider :

CDSL

Depository Service Provider :

CDSL and NSDL

Account Opening Fee Account Opening Fee :

₹0 (Free)

Account Opening Fee :

₹500

Advance Deposit Advance Deposit :

NIL

Advance Deposit :

₹500

AMC AMC :

₹0 (Free)

AMC :

Nil

Dematerialisation Charges Dematerialisation Charges :

₹150 per certificate + courier charges

Dematerialisation Charges :

₹2 per certificate + ₹30 Courier Charges

Rematerialisation Charges Rematerialisation Charges :

₹150 per certificate + courier charges

Rematerialisation Charges :

₹20 per certificate + CDSL Charges + ₹30 Courier Charges

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) :

0.03% or ₹30 whichever is higher

Pledge Creation Charges Pledge Creation Charges :

₹20 + ₹12 per request (CDSL Charges))

Pledge Creation Charges :

₹50 per request or 0.02% of the value of securities whichever is higher

₹50 per request or 0.02% of the value of securities whichever is higher

Pledge Creation Confirmation Charges Pledge Creation Confirmation Charges :

₹20 + ₹12 per request (CDSL Charges))

Pledge Creation Confirmation Charges :

₹50 per request or 0.02% of the value of securities whichever is higher

Pledge Invocation Charges Pledge Invocation Charges :

₹20

Pledge Invocation Charges :

₹50 per request or 0.02% of the value of securities whichever is higher

Failed Instruction Charges Failed Instruction Charges :

₹50 per ISIN

Failed Instruction Charges :

Nil

Other Charges Other Charges :

KYC Modification Request : ₹50

Other Charges :

Demat Rejection Charges ₹30 per rejection.

Delivery Instruction Booklet ₹1 per leaflet.


Groww vs Religare Broking Basic Details

Groww Year of Incorporation is 2016 and Total Number of Clients is 1784059 and . Religare Broking Year of Incorporation is 1994 and Total Number of Clients is 146920 and Total Number of Branches is 1500 .

Groww Religare Broking
Year of Incorporation Year of Incorporation :

2016

Year of Incorporation :

1994

Active Exchange Memberships Active Exchange Memberships :

NSE and BSE

Active Exchange Memberships :

NSE, BSE, MCX, NCDEX

Demat Services Demat Services :

From CDSL

Demat Services :

Yes

Website Website :

https://groww.in/

Website :

https://www.religareonline.com

Contact Details Contact Details : - Contact Details :

011-39125000

Total Number of Clients Total Number of Clients :

1784059

Total Number of Clients :

146920

Total Number of Branches Total Number of Branches : - Total Number of Branches :

1500

Products * Products :

GROWW MOBILE APP

Products : -

Groww vs Religare Broking Leverage

Leverage

Groww Religare Broking
Equity Delivery Equity Delivery :

1x (no margin)

Equity Delivery :

Upto 4x with 24% interest per year

Equity Intraday Equity Intraday :

Up to 8x (based on the stock)

Equity Intraday :

Upto 10x

Equity Futures Equity Futures :

NA

Equity Futures :

Upto 3x

Equity Options Equity Options :

NA

Equity Options :

Upto 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 : -
F&O (Eq, Curr, Comm) F&O (Eq, Curr, Comm) : - F&O (Eq, Curr, Comm) : -

Groww vs Religare Broking Orders

Orders

Groww Religare Broking
Cover Orders (CO) Cover Orders (CO) :

NO

Cover Orders (CO) :

No

Bracket orders / One Cancels Other (BO / OCO) Bracket orders / One Cancels Other (BO / OCO) :

NO

Bracket orders / One Cancels Other (BO / OCO) :

No

After Market Orders (AMO) After Market Orders (AMO) :

No

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) :

No

Sell Today Buy Tomorrow (STBT) :

Yes

Good Till Cancelled (GTC) * Good Till Cancelled (GTC) :

No

Good Till Cancelled (GTC) :

Yes


Groww vs Religare Broking Research and Advice / Trading Tips

Research and Advice / Trading Tips

Groww Religare Broking
Equity Trading Recommendation * Equity Trading Recommendation :

No

Equity Trading Recommendation : -
Equity Investment Recommendation * Equity Investment Recommendation :

No

Equity Investment Recommendation : -
Recommendation basis risk Profile * Recommendation basis risk Profile :

No

Recommendation basis risk Profile : -
Comparison * Comparison :

No

Comparison : -
Free Tips * Free Tips :

No

Free Tips : -
Daily Market report * Daily Market report :

No

Daily Market report : -
ETF research * ETF research :

No

ETF research : -
Quarterly Results * Quarterly Results :

No

Quarterly Results : -

Groww vs Religare Broking Franchisee / Authorized Person related information

Franchisee / Authorized Person related information

Groww Religare Broking
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. 2 lakh (for commodity, the charges are Rs 1-2 lakh)


Groww vs Religare Broking Product & Services

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

Groww Religare Broking
Delivery Based Trading * Delivery Based Trading :

Yes

Delivery Based Trading : -
Margin Trading * Margin Trading :

NA

Margin Trading : -
Call in Trade * Call in Trade :

NA

Call in Trade : -
Trading in Both the exchanges * Trading in Both the exchanges :

Yes

Trading in Both the exchanges : -
Limit Order * Limit Order :

Yes

Limit Order : -
3-in-1 On-line Trading Account * 3-in-1 On-line Trading Account :

No

3-in-1 On-line Trading Account : -
NRI Services * NRI Services :

NO

NRI Services : -
SMS Alerts * SMS Alerts :

YES

SMS Alerts : -
Offers Multiple Plan * Offers Multiple Plan :

No

Offers Multiple Plan : -
IPO Investment * IPO Investment :

YES

IPO Investment : -
Portfolio Analysis * Portfolio Analysis :

NO

Portfolio Analysis : -
Advanced Charting Features * Advanced Charting Features :

No

Advanced Charting Features : -
Brokerage Calculator * Brokerage Calculator :

Yes

Brokerage Calculator : -
Margin Calculator * Margin Calculator :

Yes

Margin Calculator : -
Stop Loss Order * Stop Loss Order :

Yes

Stop Loss Order : -
Bracket Orders & Trailing Stop Loss * Bracket Orders & Trailing Stop Loss :

No

Bracket Orders & Trailing Stop Loss : -
Equity Future & Option Trading * Equity Future & Option Trading :

No

Equity Future & Option Trading : -
Currency Future & Option Trading * Currency Future & Option Trading :

No

Currency Future & Option Trading : -
Market Trading * Market Trading :

Yes

Market Trading : -
Monthly & Yearly Plan * Monthly & Yearly Plan :

No

Monthly & Yearly Plan : -
Aumtomated Trading * Aumtomated Trading :

No

Aumtomated Trading : -

Groww vs Religare Broking Customer Services

Groww and Religare Broking 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 Religare Broking
Toll Free Number * Toll Free Number :

No

Toll Free Number : -
Live Chat Facility * Live Chat Facility :

No

Live Chat Facility : -
Email Facility * Email Facility :

Yes

Email Facility : -
Branch Offices * Branch Offices :

No

Branch Offices : -
Customer Care * Customer Care :

No

Customer Care : -
Community Service * Community Service :

No

Community Service : -
Relationship Manager * Relationship Manager :

No

Relationship Manager : -
24/7 Support * 24/7 Support :

No

24/7 Support : -

Groww vs Religare Broking Other Investement

Groww and Religare Broking 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 Religare Broking
Commodity Trading * Commodity Trading :

No

Commodity Trading : -
Investment in ETFs * Investment in ETFs :

Yes

Investment in ETFs : -
Investment in Mutual Funds * Investment in Mutual Funds :

Yes

Investment in Mutual Funds : -
Investment in Bonds * Investment in Bonds :

No

Investment in Bonds : -
Investment in Corporate Debt instruments * Investment in Corporate Debt instruments :

No

Investment in Corporate Debt instruments : -
Insurance Services * Insurance Services :

No

Insurance Services : -
Banking Services * Banking Services :

No

Banking Services : -

Groww vs Religare Broking Trading PlatForm

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

Groww Religare Broking
Web Platform * Web Platform :

Yes

Web Platform : -
Android Mobile App * Android Mobile App :

Yes

Android Mobile App : -
Desktop Windows * Desktop Windows :

No

Desktop Windows : -
Desktop Mac * Desktop Mac :

No

Desktop Mac : -
I-Pad App * I-Pad App :

Yes

I-Pad App : -
Virtual Trading * Virtual Trading :

No

Virtual Trading : -
iPhone Mobile App * iPhone Mobile App :

Yes

iPhone Mobile App : -
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