NIFTY24,173.050.84%
SENSEX77,664.001.09%
BANKNIFTY56,305.001.43%
NIFTY IT30,124.301.22%
PHARMA22,986.352.36%
AUTO25,828.102.35%
FMCG51,140.500.11%
METAL12,786.250.82%
REALTY788.651.83%
ENERGY39,996.750.25%
NIFTY24,173.050.84%
SENSEX77,664.001.09%
BANKNIFTY56,305.001.43%
NIFTY IT30,124.301.22%
PHARMA22,986.352.36%
AUTO25,828.102.35%
FMCG51,140.500.11%
METAL12,786.250.82%
REALTY788.651.83%
ENERGY39,996.750.25%

Side-by-Side Compare Table

CategoryGrowwICICIdirect
Basic Details
  • Broker Type: Digital-first discount broker
  • Founded: 2016 (broking entity expanded later from MF platform)
  • Broker Type: Full-service broker (ICICI Group)
  • Founded: 1995 (ICICIdirect platform legacy)
Charges & AMC
  • Trading and Demat Account Opening: Rs 0
  • Trading AMC: Rs 0
  • Account Opening: Rs 0 (as listed)
  • Demat AMC: Rs 700 per annum (individual account)
Brokerage
  • Equity Delivery: Lower of Rs 20 or 0.05% per order
  • Equity Intraday: Lower of Rs 20 or 0.05% per order
  • Brokerage is plan based (Prime plans and MoneySaver).
  • Prime plan examples range by subscription slab.
Other Charges
  • Auto square-off charge: Rs 50
  • Statutory and exchange charges apply separately.
  • Call and trade charges apply (listed as Rs 50 per order in extract).
  • Demat debit and operational charges apply per schedule.
Leverage (Margin)
  • Margin and leverage depend on segment and risk policy.
  • Source section introduces margin topic but does not expose one fixed leverage number in the extracted snapshot.
  • Intraday equity margin can go up to around 5x on eligible stocks.
  • Delivery and carry-forward generally follow full margin norms.
Features
  • Paperless onboarding and simple UX.
  • Strong mutual fund and retail investing workflow.
  • Integrated 3-in-1 account (bank + trading + Demat).
  • Strong brand trust and branch-assisted model.
Trading Platforms
  • Groww Mobile App
  • Groww Web Platform
  • ICICIdirect.com website
  • ICICIdirect mobile app
Reviews & Ratings
  • Positioned as beginner friendly with strong app adoption.
  • In this source snapshot, no single numeric consolidated rating table is shown.
  • Viewed as feature-rich and trusted for integrated banking workflow.
  • In this source extract, no final single overall numeric rating table is shown.
Investment Options
  • Equity
  • Intraday and derivatives
  • Equity and derivatives
  • IPO, mutual funds, bonds, NCDs
Order Types Offered
  • Standard market and limit order flows
  • App and web based execution
  • Standard market/limit execution flows
  • VTC/GTC-style functionality referenced in source context
Suitable For (Investor Type)
  • First-time investors preferring clean mobile-first experience.
  • Cost-conscious users who also invest in direct mutual funds.
  • Investors wanting 3-in-1 integration and branch support.
  • Users preferring broader product coverage over pure discount pricing.
Pros and Cons
  • Pros:
  • Zero opening/AMC and low brokerage.
  • Pros:
  • Robust integrated banking-broking setup.

Detailed Comparison

Basic Details

GrowwICICIdirect
  • Broker Type: Digital-first discount broker
  • Founded: 2016 (broking entity expanded later from MF platform)
  • SEBI Registration: INZ000301838
  • NSE Member Code: 90187
  • Net Worth: Rs 1433.11 Cr
  • Broker Type: Full-service broker (ICICI Group)
  • Founded: 1995 (ICICIdirect platform legacy)
  • SEBI Registration: INZ000183631
  • NSE Member Code: 07730
  • Net Worth: Rs 4581.84 Cr

Charges & AMC

GrowwICICIdirect
  • Trading and Demat Account Opening: Rs 0
  • Trading AMC: Rs 0
  • Demat AMC: Rs 0
  • Account Opening: Rs 0 (as listed)
  • Demat AMC: Rs 700 per annum (individual account)
  • Demat debit charge and call-and-trade charges apply

Brokerage

GrowwICICIdirect
  • Equity Delivery: Lower of Rs 20 or 0.05% per order
  • Equity Intraday: Lower of Rs 20 or 0.05% per order
  • Equity Futures: Flat Rs 20 per order
  • Equity Options: Flat Rs 20 per order
  • Direct Mutual Funds: Rs 0 commission
  • Brokerage is plan based (Prime plans and MoneySaver).
  • Prime plan examples range by subscription slab.
  • MoneySaver example: Delivery 0.29%, Intraday/Futures 0.029%, Options Rs 49 per lot.

Other Charges

GrowwICICIdirect
  • Auto square-off charge: Rs 50
  • Statutory and exchange charges apply separately.
  • Call and trade charges apply (listed as Rs 50 per order in extract).
  • Demat debit and operational charges apply per schedule.
  • Standard statutory charges apply separately.

Leverage (Margin)

GrowwICICIdirect
  • Margin and leverage depend on segment and risk policy.
  • Source section introduces margin topic but does not expose one fixed leverage number in the extracted snapshot.
  • Intraday equity margin can go up to around 5x on eligible stocks.
  • Delivery and carry-forward generally follow full margin norms.

Features

GrowwICICIdirect
  • Paperless onboarding and simple UX.
  • Strong mutual fund and retail investing workflow.
  • Unified app for stocks, IPOs, ETFs, and MFs.
  • Educational resources via blogs and ebooks.
  • Integrated 3-in-1 account (bank + trading + Demat).
  • Strong brand trust and branch-assisted model.
  • Research and multi-product investing workflows.

Trading Platforms

GrowwICICIdirect
  • Groww Mobile App
  • Groww Web Platform
  • 915 by Groww (advanced web terminal)
  • ICICIdirect.com website
  • ICICIdirect mobile app

Reviews & Ratings

GrowwICICIdirect
  • Positioned as beginner friendly with strong app adoption.
  • In this source snapshot, no single numeric consolidated rating table is shown.
  • Viewed as feature-rich and trusted for integrated banking workflow.
  • In this source extract, no final single overall numeric rating table is shown.

Investment Options

GrowwICICIdirect
  • Equity
  • Intraday and derivatives
  • IPO
  • ETFs
  • Direct mutual funds
  • Digital gold
  • Equity and derivatives
  • IPO, mutual funds, bonds, NCDs
  • Commodities
  • Insurance and other wealth products

Order Types Offered

GrowwICICIdirect
  • Standard market and limit order flows
  • App and web based execution
  • Advanced workflow through 915 terminal for active users
  • Standard market/limit execution flows
  • VTC/GTC-style functionality referenced in source context
  • Delivery, intraday, and derivatives order flows

Suitable For (Investor Type)

GrowwICICIdirect
  • First-time investors preferring clean mobile-first experience.
  • Cost-conscious users who also invest in direct mutual funds.
  • Traders seeking simple flat-fee execution.
  • Investors wanting 3-in-1 integration and branch support.
  • Users preferring broader product coverage over pure discount pricing.
  • ICICI ecosystem customers who value seamless account linkage.

Pros and Cons

GrowwICICIdirect
  • Pros:
  • Zero opening/AMC and low brokerage.
  • Strong digital onboarding and usability.
  • Commission-free direct mutual funds.
  • Cons:
  • Limited offline support model.
  • Advisory depth is lower than traditional full-service broker setups.
  • Pros:
  • Robust integrated banking-broking setup.
  • Broad product basket and research availability.
  • Strong brand and support infrastructure.
  • Cons:
  • Brokerage can be high versus discount peers without optimized plan selection.
  • Charges and plan structure can feel complex for new users.

Final Note

Use this side-by-side comparison as a starting point and verify the latest brokerage and compliance details on official broker pages before taking decisions.

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