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

CategoryINDmoneyGroww
Basic Details
  • Broker Type: Digital broker and finance super-app model
  • Founded: 2019
  • Broker Type: Digital-first discount broker
  • Founded: 2016 (broking entity expanded later from MF platform)
Charges & AMC
  • Account Opening: Rs 0
  • Demat AMC: Rs 0 (lifetime in listed offer)
  • Trading and Demat Account Opening: Rs 0
  • Trading AMC: Rs 0
Brokerage
  • Equity Delivery: 0.05% or Rs 20, whichever is lower
  • Equity Intraday: 0.05% or Rs 20, whichever is lower (minimum Rs 2)
  • Equity Delivery: Lower of Rs 20 or 0.05% per order
  • Equity Intraday: Lower of Rs 20 or 0.05% per order
Other Charges
  • Minimum brokerage floor in some segments (for example Rs 2).
  • Pledge/unpledge fee per request applies.
  • Auto square-off charge: Rs 50
  • Statutory and exchange charges apply separately.
Leverage (Margin)
  • Margin wallet boost/MTF style offerings highlighted in source promotions.
  • Exact leverage depends on product, eligibility, and risk policy.
  • 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.
Features
  • Unified money tracking plus investing app.
  • Indian and US investing from one account ecosystem.
  • Paperless onboarding and simple UX.
  • Strong mutual fund and retail investing workflow.
Trading Platforms
  • INDmoney app
  • INDstocks app
  • Groww Mobile App
  • Groww Web Platform
Reviews & Ratings
  • Positioned as a fast-growing digital-first wealth app.
  • In this extracted snapshot, no single consolidated numeric overall rating is listed.
  • Positioned as beginner friendly with strong app adoption.
  • In this source snapshot, no single numeric consolidated rating table is shown.
Investment Options
  • Indian stocks and ETFs
  • US stocks and ETFs
  • Equity
  • Intraday and derivatives
Order Types Offered
  • Standard order workflows for delivery and intraday.
  • Basket and options-chain based execution support in platform flow.
  • Standard market and limit order flows
  • App and web based execution
Suitable For (Investor Type)
  • Users seeking one app for India + US investing.
  • Mobile-first investors who want finance tracking and execution together.
  • First-time investors preferring clean mobile-first experience.
  • Cost-conscious users who also invest in direct mutual funds.
Pros and Cons
  • Pros:
  • Zero opening and AMC in listed offers.
  • Pros:
  • Zero opening/AMC and low brokerage.

Detailed Comparison

Basic Details

INDmoneyGroww
  • Broker Type: Digital broker and finance super-app model
  • Founded: 2019
  • SEBI Registration: Investment advisor registration noted; broking through exchange memberships
  • Exchanges Mentioned: NSE, BSE, BSE Star MF membership context
  • Product Focus: Indian + US market access from one app
  • 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

Charges & AMC

INDmoneyGroww
  • Account Opening: Rs 0
  • Demat AMC: Rs 0 (lifetime in listed offer)
  • Account model: 2-in-1 (trading + Demat)
  • Trading and Demat Account Opening: Rs 0
  • Trading AMC: Rs 0
  • Demat AMC: Rs 0

Brokerage

INDmoneyGroww
  • Equity Delivery: 0.05% or Rs 20, whichever is lower
  • Equity Intraday: 0.05% or Rs 20, whichever is lower (minimum Rs 2)
  • Equity Futures: Rs 20 per order
  • Equity Options: Rs 20 per order
  • US Stocks (global access): 0.25% per transaction, max $25
  • 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

Other Charges

INDmoneyGroww
  • Minimum brokerage floor in some segments (for example Rs 2).
  • Pledge/unpledge fee per request applies.
  • Statutory and exchange charges apply where relevant.
  • Auto square-off charge: Rs 50
  • Statutory and exchange charges apply separately.

Leverage (Margin)

INDmoneyGroww
  • Margin wallet boost/MTF style offerings highlighted in source promotions.
  • Exact leverage depends on product, eligibility, and risk policy.
  • 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.

Features

INDmoneyGroww
  • Unified money tracking plus investing app.
  • Indian and US investing from one account ecosystem.
  • Family finance tracking and planning support.
  • Dedicated INDstocks app for active trading workflows.
  • 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.

Trading Platforms

INDmoneyGroww
  • INDmoney app
  • INDstocks app
  • Web onboarding and account management flow
  • Groww Mobile App
  • Groww Web Platform
  • 915 by Groww (advanced web terminal)

Reviews & Ratings

INDmoneyGroww
  • Positioned as a fast-growing digital-first wealth app.
  • In this extracted snapshot, no single consolidated numeric overall rating is listed.
  • Positioned as beginner friendly with strong app adoption.
  • In this source snapshot, no single numeric consolidated rating table is shown.

Investment Options

INDmoneyGroww
  • Indian stocks and ETFs
  • US stocks and ETFs
  • Mutual funds
  • IPO
  • F&O (equity)
  • NPS and fixed deposits
  • Equity
  • Intraday and derivatives
  • IPO
  • ETFs
  • Direct mutual funds
  • Digital gold

Order Types Offered

INDmoneyGroww
  • Standard order workflows for delivery and intraday.
  • Basket and options-chain based execution support in platform flow.
  • Standard market and limit order flows
  • App and web based execution
  • Advanced workflow through 915 terminal for active users

Suitable For (Investor Type)

INDmoneyGroww
  • Users seeking one app for India + US investing.
  • Mobile-first investors who want finance tracking and execution together.
  • Retail users looking for low entry-cost onboarding.
  • First-time investors preferring clean mobile-first experience.
  • Cost-conscious users who also invest in direct mutual funds.
  • Traders seeking simple flat-fee execution.

Pros and Cons

INDmoneyGroww
  • Pros:
  • Zero opening and AMC in listed offers.
  • Broad multi-asset coverage including US stocks.
  • Strong app-led convenience features.
  • Cons:
  • No classic 3-in-1 bank integration model.
  • Currency and commodity F&O availability is limited in the referenced snapshot.
  • 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.

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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