• Top Stock Brokers in India ‐ Reviews, Comparison and Offers
Check reviews of other Share brokers

Groww vs ICICI Direct (Compare Groww and ICICI Direct)

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 ICICI Direct, Below comparison of Groww vs ICICI Direct 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 ICICI Direct is given below:

Groww ICICI Direct
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

ICICI Direct :

"ICICIdirect.com, an award winning, pioneering online broking platform, The platform not only offers convenient ways to invest in Equity, Derivatives, Currency Futur   >>> more

Find More Information about the Broker :
Groww :
OVERVIEW BROKERAGE PRODUCTS & SERVICES
ICICI Direct :
OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING
Type of Broker
Groww :
 Discount Broker
ICICI Direct :
 Full Service Broker
Promo/offers
Groww :
N/A
ICICI Direct :
Special Offer: ICICIdirect Neo Plan - Flat Rs 20 per trade brokerage (Intraday and F&O) + Free Account Opening + Get funds in 5 minutes from sell orders + Free trading tips. Open Instant Account Now
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 gold etfs, SGBs & gold funds
ICICI Direct :
  •  3-in-1 online trading account.
  •  Security of your investment & money
  •  24/7 customer service.
  •   Easy-to-use website.
  •  Innovative offerings like - Margin, MarginPlus, BTST, SPOT.
  •  Derivatives trading,NRI services, mutual funds, IPOs and on-line life insurance.
  •  Own DP services
  •  Award winning research services
  •  Instant payout for your stocks sold (eATM)
  • By Subscribing ICICI Direct Neo Plan you get ZERO BROKERAGE IN FUTURES, RS 20 UNLIMITED PER ORDER BROKERAGE IN OPTIONS AND INTRADAY EQUITY !
Disadvantage
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
ICICI Direct :
  •  Very High delivery brokerage.
  •  Not a good fit for small and penny stock traders.
  •  Charges for trading terminal usage.
  •  High 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
ICICI Direct :
  •   A Unique 3-in-1 On-line Trading Account, which includes ICICI Bank Account, ICICI Trading Account and ICICI Demat Account, is the key offering for retail stock market investors in India.
  •   Security: Instead of transferring monies to a broker's pool or towards deposits, you can manage your own demat and bank accounts when you trade through ICICIdirect.com. It provides you the flexibility to pay only when you trade.
  •   Largest Equity E-Broking House with >40 Lac customers.
  •   Share trading in both NSE and BSE, innovative offerings like - Margin, MarginPlus, BTST, SPOT, Derivatives trading, overseas trading, mutual funds, IPOs and on-line life insurance.
  •   Call-n-Trade: you can place orders securely over the telephone with the Call N Trade service.
  •   Award Winning Research
Open Account

Groww vs ICICI Direct Account Opening & AMC Charges

Groww Trading Account Opening Fee is Rs 0 and ICICI Direct Trading Account Opening Fee is Rs 0 (Free) . Groww Demat Account AMC is Rs 0 and ICICI Direct Demat Account AMC is Rs 300 (from 2nd year) .

Groww ICICI Direct
Trading Account Opening Fee Trading Account Opening Fee :

Rs 0

Trading Account Opening Fee :

Rs 0 (Free)

Demat Account Opening Fee Demat Account Opening Fee :

Rs 0

Demat Account Opening Fee :

Rs 0 (Free)

Demat Account AMC Demat Account AMC :

Rs 0

Demat Account AMC :

Rs 300 (from 2nd year)

Trading Account AMC Trading Account AMC :

Rs 0

Trading Account AMC :

Rs 0 (Free)

Open Account Open Account

Groww vs ICICI Direct Brokerage Charges

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 . ICICI Direct Brokerage Charges Equity Delivery is 0.55% and Equity Intraday is 0.275% and Equity Options is Rs 95 per lot .

Groww ICICI Direct
Plan Name Plan Name :

Basic Plan

Plan Name :

I-Secure Plan

Plan Name :

ICICIDirect Neo Plan

Equity Delivery Equity Delivery :

Rs 20 per executed order or 0.05% whichever is lower

Equity Delivery :

0.55%

Equity Delivery :

0.55%

Equity Intraday Equity Intraday :

Rs 20 per executed order or 0.05% whichever is lower

Equity Intraday :

0.275%

Equity Intraday :

Rs 20 per order

Equity Future Equity Future :

Rs 20 per executed order

Equity Future :

0.05%

Equity Future :

Rs 0 (Free)

Equity Options Equity Options :

Rs 20 per executed order

Equity Options :

Rs 95 per lot

Equity Options :

Rs 20 per order

Currency Futures Currency Futures :

NA

Currency Futures :

Rs 20 per order

Currency Futures :

Rs 20 per order

Currency Options Currency Options :

NA

Currency Options :

Rs 20 per order

Currency Options :

Rs 20 per order

Monthly Fee Monthly Fee :

NA

Monthly Fee :

NA

Monthly Fee :

NA

Margin Trading Margin Trading : - Margin Trading :

0.05% - 0.03%

Margin Trading :

0.05% - 0.03%

Commodity Futures Commodity Futures :

NA

Commodity Futures :

Rs 20 per order

Commodity Futures :

Rs 20 per order

Commodity Options Commodity Options :

NA

Commodity Options :

Rs 20 per order

Commodity Options :

Rs 20 per order

Open Account Open Account

Groww vs ICICI Direct Exchange Transaction Charges

Groww Exchange Transaction Charges Equity Future is NSE: 002% and Equity Options is NSE: 0.053% on premium . ICICI Direct Exchange Transaction Charges Equity Future is Rs 180 per Cr (0.0018%) and Equity Options is Rs 5000 per Cr (0.05%) (on premium) .

Groww ICICI Direct
Equity Delivery Equity Delivery :

NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)

Equity Delivery :

NSE Rs 310 per Cr (0.0031%) | BSE Rs 280 per Cr (0.0028%) (each side)

Equity Intraday Equity Intraday :

NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)

Equity Intraday :

NSE Rs 310 per Cr (0.0031%) | BSE Rs 280 per Cr (0.0028%) (each side)

Equity Future * Equity Future :

NSE: 002%

Equity Future :

Rs 180 per Cr (0.0018%)

Equity Options * Equity Options :

NSE: 0.053% on premium

Equity Options :

Rs 5000 per Cr (0.05%) (on premium)

Currency Futures * Currency Futures :

NA

Currency Futures :

Rs 120 per Cr (0.0012%)

Currency Options Currency Options :

NA

Currency Options :

Rs 5000 per Cr (0.05%) (on premium)

Commodity Commodity :

NA

Commodity :

Group A - Rs 260 per Cr (0.0026%)

Open Account Open Account

Groww vs ICICI Direct Other Charges

Groww Minimum Brokerage is Rs 20 or 0.05% per executed order and Call & Trade is NA . ICICI Direct Minimum Brokerage is Rs 35 per trade (I-Secure Plan) and Call & Trade is Rs 50 per trade .

Groww ICICI Direct
Minimum Brokerage Minimum Brokerage :

Rs 20 or 0.05% per executed order

Minimum Brokerage :

Rs 35 per trade (I-Secure Plan)

Call & Trade Call & Trade :

NA

Call & Trade :

Rs 50 per trade

Stamp Duty * Stamp Duty : - Stamp Duty : -
DP Charges (on sell side) DP Charges (on sell side) :

₹8 + ₹5.50 (CDSL Charges) per ISIN

DP Charges (on sell side) : -
Other Miscellaneous Charges Other Miscellaneous Charges :

Physical Contract Note: Rs 20 + Courier Charges; Auto square off charges : Rs 50

Other Miscellaneous Charges :

Margin Trading Interest: 0.025% Per day

Open Account Open Account

Groww vs ICICI Direct Features

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

Groww ICICI Direct
Trading Platform Trading Platform :

Groww

Trading Platform :

ICICIdirect.com (website), Trade Racer, ICICIDirect Mobile App

Placing orders through charts Placing orders through charts :

No

Placing orders through charts : -
Trading Alerts Trading Alerts :

Yes

Trading Alerts : -
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 : -
Unique features & Offers Unique features & Offers : - Unique features & Offers :

  • Offer 3-in-1 Account.
  • Support in local ICICI Bank branches.
  • Trusted brand.

Referral Program Referral Program : - 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

Open Account Open Account

Groww vs ICICI Direct Demat Account Charges

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

Groww ICICI Direct
Depository Service Provider Depository Service Provider :

CDSL

Depository Service Provider :

NSDL

Account Opening Fee Account Opening Fee :

Rs 0 (Free)

Account Opening Fee :

Stamp Duty at actuals

Advance Deposit Advance Deposit :

Rs 0

Advance Deposit :

Rs 0 for ICICI Bank customers.

Rs 7500 for Non ICICI BANK customers.

AMC AMC :

Rs 0 (Free)

AMC :

For Individual account: Rs 700 p.a.

For Corporate account: Rs 1500 p.a.

Dematerialisation Charges Dematerialisation Charges :

Rs 150 per certificate + courier charges

Dematerialisation Charges :

Rs 50 Per Demat Request Form and Rs 10 For Each Certificates

Rematerialisation Charges Rematerialisation Charges :

Rs 150 per certificate + courier charges

Rematerialisation Charges :

Rs 25 + CDSL charges at actual

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

Rs 8 + Rs 5.50 (CDSL Charges) per ISIN

Transaction Charges (debit) :

For Normal Market & Off Market sell (0.04% of trans value for each CID)(subject to minimum Rs 30)

For Debt instruments Market & Off Market sell (0.04% of trans value for each CID)(subject to minimum Rs 30 & maximum Rs 25,000 )

Pledge Creation Charges Pledge Creation Charges :

Rs 20 + Rs 12 per request (CDSL Charges)

Pledge Creation Charges :

0.02% or minimum of Rs 35

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

0.02% or minimum of Rs 35

Pledge Invocation Charges Pledge Invocation Charges :

Rs 20

Pledge Invocation Charges :

0.02% or minimum of Rs 35

Failed Instruction Charges Failed Instruction Charges :

Rs 50 per ISIN

Failed Instruction Charges : -
Other Charges Other Charges :

KYC Modification: Rs 50

Other Charges :

Rs 200 for restoring services if account is suspended for non payment of charges.

Open Account Open Account

Groww vs ICICI Direct Basic Details

Groww Year of Incorporation is 2016 and Total Number of Clients is 4268383 and . ICICI Direct Year of Incorporation is 2000 and Total Number of Clients is 3135167 and Total Number of Branches is 154 .

Groww ICICI Direct
Year of Incorporation Year of Incorporation :

2016

Year of Incorporation :

2000

Active Exchange Memberships Active Exchange Memberships :

NSE and BSE

Active Exchange Memberships : -
Demat Services Demat Services :

No

Demat Services :

Yes

Website Website : https://groww.in/ Website : -
Contact Details Contact Details : - Contact Details : -
Total Number of Clients Total Number of Clients :

4,268,383

Total Number of Clients :

3,135,167

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

154

Products * Products :

GROWW MOBILE APP

Products : -
Open Account Open Account

Groww vs ICICI Direct Orders

Orders

Groww ICICI Direct
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) :

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) :

No

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

No

Good Till Cancelled (GTC) :

Yes

Open Account Open Account

Groww vs ICICI Direct Research and Advice / Trading Tips

Research and Advice / Trading Tips

Groww ICICI Direct
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 :

Yes

Daily Market report * Daily Market report :

No

Daily Market report :

Yes

ETF research * ETF research :

No

ETF research : -
Quarterly Results * Quarterly Results :

No

Quarterly Results :

Yes

Open Account Open Account

Groww vs ICICI Direct Franchisee / Authorized Person related information

Franchisee / Authorized Person related information

Groww ICICI Direct
Availability for franchisee / AP Availability for franchisee / AP :

NA

Availability for franchisee / AP : -
Investment required for Franchisee / AP Investment required for Franchisee / AP :

NA

Investment required for Franchisee / AP : -
Open Account Open Account

Groww vs ICICI Direct Product & Services

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

Groww ICICI Direct
Delivery Based Trading * Delivery Based Trading :

Yes

Delivery Based Trading : -
Margin Trading * Margin Trading :

No

Margin Trading :

Yes

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 :

Yes

SMS Alerts * SMS Alerts :

Yes

SMS Alerts :

No

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 : -
Open Account Open Account

Groww vs ICICI Direct Customer Services

Groww and ICICI Direct 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 ICICI Direct
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 : -
Open Account Open Account

Groww vs ICICI Direct Other Investement

Groww and ICICI Direct 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 ICICI Direct
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 : -
Open Account Open Account

Groww vs ICICI Direct Trading Platform

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

Groww ICICI Direct
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 : -
Contact Now
Open Account Open Account

User Reviews

Post New Message
0  Comments
- - -   Compare More Brokers   - - -