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.
The question that emerges here is which one of the two platforms is superior and good for investment. To answer this question, we’ll delve into some of the factors that’ll help you in choosing the right preference for your investment.
So, let’s delve into the factors of comparison and see which one is the better platform!
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. One of the best things about these platforms, right! You don’t have to pay a penny for opening your account and can start navigating through different plans offered by them.
Let’s start with their company details!
| 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 |
From the above table we can clearly see that Angel One as of 2023 is serving a more active client base than Groww. However the number of active client bases can change overtime.
Detailed Comparison of Angel One Vs Groww
Account Opening Charges
See and compare the charges which both of the companies take to open account and its other features.
| 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
Brokerage charges are one of the foremost things that you notice when thinking about on any investment platform. 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.
These charges help you to choose the best plan for investing, so that you can get the best of your investment. Whether you’re a seasoned investor or a new one in the line, looking at these charges will surely help you out to make a better decision for investing.
| 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: To know more about how these investment platforms work and function, do look into our articles – Angel One Business Model and Groww Business Model , and get more insights of it.
Transaction Charges Comparison
Charges comparison of these two investment firms, will surely help you see the charges they offered on different parameters.
| 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. The charges in the table may help you guide through the different charges and parameters on both the platforms.
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: Which one is better?
Looking at the above discussion, it is clear that both these platforms, Angel One and Groww, have proven to be daunting contenders to each other. If we see 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.
The discussion can be concluded by stating that the choice between both these platforms is not merely based on the transaction charges, brokerage fee, or the platform interaction, it also should align according to your financial requirements, the way you want to invest, and the preference.
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.
