With time, investment apps have emerged as the essential tools for both the seasoned and the new investors in the financial world. At present, two such prominent names in the investments world are Angel One vs Groww, both offering the unique and up-to-date features for its customers.
Angel One Vs Groww: Company Overview
The choice between these two platforms can be stated as choosing the right broker for buying a house. These companies offer different investment plans with brokerage charges according to the plan. Both of these platforms offer free trading account opening fees.
| PARAMETER | ANGEL ONE | GROWW |
| Founded | August 8, 1996 | 2016 |
| Founders | Dinesh Thakkar | Lalit Keshre, Harsh Jain, Neeraj Singh, & Ishan Bansal |
| Headquarter | Mumbai, Maharashtra, India | Bengaluru, Karnataka, India |
| Type of platform | Full service broker & Discount broker | Discount Broker |
| Offers investment in | Equity, Currencies, F&O, Commodities Stocks IPOs across BSE, NSE, NCDEX, & MCX | Equity, F&O, Currency, Mutual Funds, Shares |
| Brokerage rate | Max. Rs.20 per trade | Rate ranges between Rs.20 |
| Active customer base (2023) | 13.33 million | 6.63 million |
Account Opening Charges
| PARAMETER CHARGES | ANGEL ONE | GROWW |
| Trading account opening charges | Zero (Free) | Zero (Free) |
| Annual Maintenance charges for account | Zero | Zero |
| Charges for opening commodity account | Zero | Zero |
| Demat account opening charges | Zero | Zero |
| Annual Maintenance charges for demat account | Rs. 240 | Zero |
Brokerage Charge Comparison
The brokerage charges are different according to the trading platform and investment plan. Understanding and effectively comparing these charges is a must before investing and starting trading.
| CHARGES | PARAMETERS | ANGEL ONE | GROWW |
| EQUITY | Delivery | Zero | Rs.20 or 0.05%, the lower one between the two. |
| Intraday | Rs.20 or 0.03% of plan, whichever is considered lower. | Rs.20 or 0.05% per executed order, whichever is considered lower. | |
| Futures | Rs.20 or 0.25%, the lower value among them. | Charges a fee of Rs.20. | |
| Options | Rs.20 or 0.25%, the lower value among the two. | Charges a fee of Rs.20. | |
| COMMODITY | Futures | Rs.20 for every executed order. | Not Available |
| Options | Rs.20 for every executed order. | Not Available | |
| Trading | A percentage of 0.25% or Rs.20, the lower one among the two. | Not Available | |
| BROKERAGE CHARGES (if any) | NIL | NIL | |
| CALL & TRADE CHARGES | Rs.20 for every order. | Rs.50 for every executed order. | |
| MARGIN TRADING CHARGE | NIL | Charges for margin trading | |
| CURRENCY | Options | Rs.20 or 0.25%, the lower charge between the two. | Not Available |
| Futures | Either one of the two, Rs.20 or 0.25%, whichever is lower. | Not Available | |
| BROKERAGE CALCULATOR | Angel One | Groww |
The table above depicts the charges and the different parameters the two platforms considered while conveying their brokerage charges. On one side, Angel One charges zero equity delivery charges, while Groww charges a minimal amount i.e. Rs.20 or 0.05% of the plan as the brokerage fee for the equity charges.
While the similarity between the two platforms is that they charge zero as their account opening fee, however there are some sub elements on which the two investment hubs charge some amount of fee.
While Groww doesn’t charge for commodities (that includes Futures, Options, & Trading), on the other hand Angel One charges Rs.20 for futures & options, and for trading it charges Rs.20 or 0.25%. Similarly, is the case in currency charges, Angel One charges Rs.20 or 0.25%, while Groww doesn’t charge any.
Note: Vist the articles – Angel One Business Model and Groww Business Model.
Transaction Charges Comparison
| CHARGES | PARAMETERS | ANGEL ONE | GROWW |
| EQUITY | Delivery | NSE – Rs.335 per Cr i.e. 0.00335%. BSE – Rs. 300 per Cr i.e. 0.00300%. | NSE – Rs.335 per Cr i.e. 0.00335%. BSE – Rs. 300 per Cr i.e. 0.00300%. |
| Intraday | NSE – Rs.335 per Cr i.e. 0.00335%. BSE – Rs. 300 per Cr i.e. 0.00300%. | NSE – Rs.335 per Cr i.e. 0.00335%. BSE – Rs. 300 per Cr i.e. 0.00300%. | |
| Futures | NSE – Rs.200 per Cr. i.e. 0.002% | NSE – Rs.200 per Cr. i.e. 0.002% | |
| Options | Rs.5050 per Cr. i.e. 0.0050% | Rs.5050 per Cr. i.e. 0.0050% | |
| Commodity charges | Multi commodity exchange (MCX) – 0.0015% i.e Rs.150 per Cr NCDEX – 0.003% i.e. Rs.300 per Cr | Not Available | |
| Currency | Futures | Rs.90 per Cr | Rs.90 per Cr |
| Options | Rs.3500 per Cr | Rs.3500 per Cr |
The transaction charges in the above table vary according to the NSE & BSE, also the charges may vary with time according to the financial market.
Pros & Cons of Angel One and Groww
| PLATFORM | PROS | CONS |
| ANGEL ONE | Zero account open fee | Doesn’t offer 3-1 account service. |
| Free demat account open | Hidden charges | |
| No margin trading charges | Pay interest for margin funding. | |
| Allows trading in all market segments – NSE, BSE, MCX & NCDEX | Doesn’t allow trading in SME shares. | |
| A huge partner network | Doesn’t allow NRI trading. | |
GROWW | Zero account open fee | No 3-1 account facility is provided. |
| Free research services & reports are available | Doesn’t allow commodity trading. | |
| Charges zero opening demat account | No trading options are provided like GTT orders, etc. | |
| Does not charge for NEFT or fund transfer. | Charges for margin trading. | |
| Provides options to invest online in SGBs, gold funds, gold etfs. | No NRI trading | |
| Zero charges for demat AMC. | No trading is allowed in SME shares. |
Summing Up
Angel One and Groww, have proven to be daunting contenders to each other. In terms of number of active customers base, Angel one is surely ahead of Groww in this race, while there are other factors too that vary between both these platforms.
However, the one thing to note down here is that, the charges, percentage, may change or evolve with changing time and market, it is important to keep updated with the changing environment of the financial market.
