GuideInvestingGroww VS Sharekhan: Which is better for beginners?

January 10, 2023by Sanket Alurkar0

Comparison between Groww and Sharekhan for 360-degree view of which broker to go ahead with.

Groww is one of the leading discount brokers in India is one of the prominent names in stock trading business today.

While Sharekhan has built a brand reputation since its existence in 2000.

Sharekhan

Sharekhan is a renowned name in Indian share trading circuit. Throughout the years it has brought innovations in the share trading Industry. Trade Tiger is a high-speed online trading platform.

It has several unique features like market quotes streamed at the micro-seconds level, opportunities to buy and sell. It has advanced features such as O-alert, chart-book, Heat – Map, trade from charts and many more. Sharekhan was later acquired by BNP Paribas in 2016.

Groww

Groww is India’s growing financial services platform where users can find their investment solutions pertaining to mutual funds, stocks, US Stocks, ETFs, IPO. It was established in 2016.

sharekhan vs groww which is better for beginners

Let’s dive into comparison between Groww and Zerodha.

Groww Sharekhan
Groww Review Sharekhan Review
Overview
Incorporated in the year 2016 2000
Number Of branches in India 1950
Exchanges BSE, NSE BSE, NSE, MCX, NCDEX,

NSEL

Account Charges

A certain amount of fees has to be paid to open an account on these platforms.

Account Charges – Groww & Sharekhan
Groww Sharekhan
Trading Account* Opening Charges Rs 0 Rs 750
Trading Account Annual Maintenance Charges Rs 0 Rs 0
Demat Account* Opening Charges Rs 0 Rs 0
Demat Account Annual Maintenance Charges Rs 0 Rs 450
Transaction Charges Groww Brokerage Sharekhan Brokerage

Brokerage

Brokerage firms act as a liaison between their clients and the stock exchange. Their primary function is to buy and sell financial products, including stocks, on behalf of their clients.

Brokerage

 

Groww Sharekhan
Equity* Delivery Rs 0 0.5%
Equity Intraday 0.05% of trade or Rs 20 whichever is lower. 0.1%
Equity Futures 0.05% or Rs 20 per trade whichever is lower 0.1%

 

 

Equity Options 0.05 % or Rs 20 per trade whichever is lower Rs 100 or 2.5% on Premium (whichever is higher of the two)
Currency Futures Rs 20 per trade 0.1%
Currency options Rs 20 per trade Rs 100 or 2.5% on premium (whichever is higher of the two)
Commodity* NA 0.1%
Calculate Brokerage Groww Brokerage Sharekhan Brokerage Charges

Transaction Charges

While both broking giants charge a fee for their transactions, one of them is lower than the other. Read on to know which broker charges less fees.

Transaction Charges
Groww Sharekhan
Equity Delivery  0.0345% (Both Sides) 0.1% (Both Sides)
Intraday Delivery 0.0345%  (Both Sides) 0.25%
Equity Futures 0.02% (Both Sides) 0.0170%
Equity Options 0.053% (Both Sides) 0.0170%
Currency Futures NA 0.0170%
Currency Options NA 0.0170%
Commodity NA 0.25%
Transaction Charges Groww Transaction Charges Sharekhan Transaction Charges

Exposure or Leverage

Leverage is very important while trading any instrument in any markets.

What is leverage? Financial leverage is the strategic endeavour of borrowing money to invest in assets.

Exposure or Leverage
Groww Sharekhan
Equity Upto 5x for Intraday (based on stocks) Upto 10 times for Intraday or 5 times for delivery
Equity futures Upto 2 times for Intraday
Margin Groww Margin Sharekhan Margin

Research

Groww Sharekhan
Daily Market Reports
Tips/Recommendations
Quarterly Analysis
News Alerts
Trade Reports
P & L Reports
Contract Notes

Trading Segments

GROWW SHAREKHAN
Equity
Mutual Funds*
IPOs*
Currency
Commodity
Customer Care Groww Customer Care Sharekhan Customer Care

Features

GROWW SHAREKHAN
Mobile Trading
Order Accepted After Trading Hours
Charting
SMS Alerts
Brokerage Calculator
Margin Calculator
Customer Training & Education
Instant Fund Withdrawal
Robo Advisory
Market Tips
Automated Trading
Market Tips
Margin Funding
Relationship Manager
3 in 1 Account
Trading Platforms Groww Web App, Groww Mobile App Trade Tiger, Sharekhan Mobile Trading App, Sharekhan Mini
Complaint Percentage Of Active Clients 0.01% 0.01%
Overall Rating 3.2/5 4/5

This was the comparison between Sharekhan and Groww. We hope you found the article useful. Please share it with your friends and stay tuned for more updates. Also check out our blog @OnlineTradingInstitute for more information. 


GLOSSARY 

Trading Account

A trading account is an interface that allows buying and selling of shares.It acts as an interface between the investors’ bank and Demat accounts.

Demat Account

Demat Account is an account that is used to hold shares and securities in electronic format. The full form of Demat account is a dematerialised account

Mutual Fund

A mutual fund is a company that pools money from many investors and invests the money in securities such as stocks, bonds, and short-term debt.

Equity

Equity is the amount of money that a company’s owner has put into it or owns.

Commodity

A commodity is an economic good, usually a resource, that has full or substantial fungibility.

IPOs

An initial public offering (IPO) is when a private company becomes public by selling its shares on a stock exchange.

 


FAQs

Q.) Which is better Sharekhan or Groww?

Asnwer : Sharekhan has been in the market since 2000 and has variety of features. Hence, Sharekhan is a better trader than Groww.

Q.) What if Sharekhan shuts down?

Answer : If a broker shuts down, you need to apply for compensation for your trading account with the Investor Protection Fund set up by SEBI.

Q.) Is Sharekhan account free?

Answer : The charge for an online account opening at Sharekhan is Rs 750 for the Trading & Rs 0 for Demat account. 

Q.) Does Groww have minimum balance?

Answer : No, there is no minimum balance to be maintained in your Groww trading account.

Q.) Can Groww be trusted?

Answer : Yes, the Groww app is safe and secure for stocks, mutual fund investments.

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DISCLAIMER: Online Trading Institute is providing courses content and any related materials (including newsletters, blog post, videos, social media and other communications) for educational purposes only. We are not providing legal, accounting, or financial advisory services, and this is not a solicitation or recommendation to buy or sell any stocks, options, or other financial instruments or investments.