Groww vs SBI Securities Reviews 2025 | Which One is Better
Groww vs SBI Securities
Groww , founded in 2016, is a discount broker. It supports trading on the NSE and BSE. It has 0 branches in India. Full Service Broker SBI Securities was founded in 2006. It provides trading on the The, Multi Commodity Exchange, NSE (national stock exchange) ,and BSE ( Bombay stock exchange) .There are 132 of its branches in India
Groww
Groww is the brand name for Nextbillion Technology Private Limited, a SEBI-registered stockbroker and member of the NSE and BSE. Groww, founded in 2016, began as a direct mutual fund investing platform. In the mid-2020s, Groww expanded its product offering to include equity trading. Other investing alternatives
available to users include digital gold, US stocks, and fixed deposits. Groww charges a lesser fee of Rs 20 or 0.05% each performed deal. You pay a maximum of Rs 20 as brokerage for an order, regardless of quantity or value. Groww provides free mutual fund services, including no expenses for investing or redeeming mutual
funds.Groww’s proprietary trading platform, Groww (web and mobile trading app), provides its investors with a flawless trading experience.
SBI Securities
SBI Securities Ltd (SSL) is the State Bank Group’s stock broking arm and a 100%
subsidiary of SBI Capital Markets Ltd. SSL is a full-service stockbroker. The company,
founded in 2006, provides Institutional Equity, Retail Equity, Derivatives, Broking, Depository
services, and Third Party Distribution products. They also offer online trading services for
investors and traders.
Also SBI Smart is the company’s premier trading platform. The portal enables both resident
and non-resident Indians (NRIs) to invest online in equity, derivatives, mutual funds, ETFs,
IPOs, and NCDs. It also provides financing products such as home loans, car loans, and
loans against securities (LAS). SSL is registered with the Securities Exchange Board of India
and is a Depository Participant with NSDL and CDSL.
Kotak Securities, founded in 1994, is a full-service broker. It offers trading on the BSE, NSE,
MCX, and NCDEX. It operates 153 branches across India. SBI Securities, founded in 2001,
is a full-service broker. It offers trading on the BSE and NSE. It operates 117 branches
across India.
| Groww | SBI Securities | |
| Establishment Year | 2016 | 2006 |
| Founder | Neeraj Singh | Arun Mehta |
| Exchange of Membership | NSE , BSE, SENSEX AND NIFTY | BSE & NSE. |
| Broker Type | Discount Broker | Full Service Broker |
| Branches | Not have any branches,it is a online trading platform,head office banglore India | 132 |
Groww vs SBI Securities Charges
| Charges | Groww | SBI Securities |
| Trade and Call Charge | Additional Rs 50 per order | Rs 10 per call (after 30 free calls a month |
| Minimum Brokerage Charges | Rs 20 or 0.05 % per order( whichever is lower) | Rs 0.05 for Cash, Rs 0.01 Future |
Groww vs SBI Securities Offers
| Offers | Groww | SBI Securities |
| Free AMC | ||
| Free Brokerage | , Limited | |
| Free Account Opening Charge | ||
| Flat Brokerage Charges | Yes ,but limited | |
| Flexible Brokerage Charges | ||
| Free Delivery Charges | ||
| Margin Funding and Pledging | ||
| Refferal Offers | Not Available | Upto Rs.700 per Client |
| Zero brokerage for Loss Making Trade | , Limited | |
| Brokerage Cashback | ||
| Free Trading Calls | ||
| Free Research Report | ||
Groww vs SBI Securities Product Provided
| Type | Groww | SBI Securities |
| Equity Delivery | ||
| Equity Intraday | ||
| Equity Option | ||
| Equity Future | ||
| Currency Option | ||
| Currency Future | ||
| Commodity Options | ||
| Commodity Future | ||
| Mutual Funds | ||
| Foreign stocks | ||
| Banking | ||
| Insurance | ||
| Digital Bond | ||
| Govt. Bonds | ||
| Corporate Bonds | ||
Groww vs SBI Securities Advisory Services Provided
| Type | Groww | SBI Securities |
| IPO Service | ||
| Weekly and Monthly Review | ||
| Daily Stock Picks and Stock Tips | ||
| PMS or PCG | ||
| Trading Institution | , Investor Sarathi | |
| Demat and Trading Service | ||
| Intraday Service | ||
| Share Pledging | ||
| NRI Service | ||
| 3 In 1 Account | ||
| Company and Annual Report | ||
| Stock Recommendation and Research report | ||
Features Of Groww vs SBI Securities
| Features | Groww | SBI Securities |
| Chart | ||
| Automated Trading | ||
| 3 in 1 Account | ||
| Sms Alerts | ||
| Margin Against Shares (Equity Cash) | ||
| Margin Against Shares (Equity F&O) | ||
| Online Portfolio | ||
| Online Demo | ||
| Intraday Square-Off Time | 3:10 PM | 2:45 PM |
| Global Indices | ||
| Real Time Update | ||
| Stock Tips | ||
| Multi Profile Management | ||
| Interactive Charts | ||
| Customised Recommendation | ||
| Online MF Buy | ||
Groww vs SBI Securities Demat And AMC Charges
Groww : trading account opening charges is Rs 0 . Groww Demat Account AMC Charges is Rs 0. SBI Securities account opening fees are Rs 850. SBI Securities Demat Account AMC Charges are Rs 750 (free for the first year). Below the table shows Charges of both the platform.
| Charges | Groww | SBI Securities |
| Demat Account Opening Charges | Rs.0 (Free) | Rs 850 |
| Demat Account AMC Charges | Rs 0 (Free) | 750 (Free for 1st Year) |
| Trading Account Opening Charges | Rs. 0 (Free) | Rs 850 |
| Trading Account AMC Charges | Rs. 0 (Free) | Rs 850 |
Groww vs SBI Securities Brokerage Charges
Groww charges a fixed cost of ₹20 for equities trading, whereas SBI Securities offers equity delivery trades at 0.50%, intraday at 0.05%, futures at 0.05%, and options priced at ₹100 per lot. Kotak is typically more cost-effective for options trading and high-volume traders, but SBI may be more expensive for frequent traders. Both platforms impose additional fees such as STT, GST, and transaction fees.
| Brokerage Charges | Groww | SBI Securities |
| Brokerage Plan | Standard Plan | Standard plan |
| Equity Delivery | Rs.20 per Trade or 0.05%(whichever is low) | 0.50% of Transaction Value |
| Equity Intraday | Free | 0.075% of Transaction Value |
| Equity Option | Rs.20 per Trade | Rs.50 to Rs.100 per lot |
| Equity Future | Rs.20 per Trade or 0.05% (whichever is low) | 0.05% of Transaction Value |
| Currency Option | NA | Rs.20 to Rs.30 per lot |
| Currency Future | NA | 0.05% of Transaction Value |
| Commodity Option | NA | Rs.50 to Rs.100 per lot |
| Commodity Future | NA | 0.05% of Transaction Value |
Groww vs SBI Securities Leverage (Margin)
Groww offers up to 20% of the trade value (5x leverage) for intraday cash transactions, whereas One margin for intraday trading allows up to 20% of the trade value (5x leverage) depending on the stock, while the SBI Securities margin for intraday cash is likewise up to 20% of the trade value (5x leverage). Below the table shows some of its margin leverage
| Leverage | Groww | SBI Securities |
| Equity Delivery | 100% of trade value of (1x leverage) | 100% of trade value of (1x leverage) |
| Equity Intraday | Up to 20% of trade value (5x leverage) | Up to 20% of trade value of (5x leverage) |
| F&O (Currency, Equity, Commodity) | 100% of NRML margin (Span Exposure) (1x leverage) | 100% of NRML margin (Span + Exposure) (1x leverage) |
Groww vs SBI Securities Pros And Cons
Pros:
| Groww | SBI Securities |
| 1)No setup costs for accounts. No Upkeep Fees. 2)A direct mutual fund platform that increases your returns by 1.5%. 3)Free investing in mutual funds with no additional fees. 4)E-books, resources, and blogs that offer stock market information and fundamentals to assist investors in making well-informed decisions. 5)Instantaneous account opening without paper work and online application for an IPO. 6)Digital gold and US stocks may be invested in online using the in-house brokerage calculator. Additional goods (FD, derivatives) in the works. | 1)It Offer a 3-in-1 account foreasy transactions. 2) A wide variety of investingopportunities. Free researchreports are accessible. 3) Full-service broker thatprovides services both onlineand through branches. |
Cons:
| Groww | SBI Securities |
| 1)Restricted investment goods withoutthe ability to trade in the currency,commodities, or derivatives (futures &options) segments at this time. 2)Trade and No Call services alsoThere is no branch support providedand it doesn’t offer research reports,stock suggestions, orrecommendations. 3)Doesn’t provide SME share trading. 4)No facility for margin trading with Nomargin required against shares. 5)Not accessible are advanced ordertypes like BO, CO, AMO, and GTT. 6)Do not offer NRI Trading. 7)Branch support not available. | 1)Full-service broker thatprovides services both onlineand through branches. 2) Offer a 3-in-1 account foreasy transactions. 3) A wide variety of investingopportunities. Free researchreports are available. |
Complaints Of Groww vs SBI Securities
Groww received 180 complaints and resolved 162. whereas SBI Securities received 180 complaints and resolved 161. This shows that SBI Securities performs better in terms of customer service than Kotak Securities . as seen by the fact that it has a higher complaint resolution rate and fewer complaints overall.
| Complaints | Groww | SBI Securities |
| Total Complaints Lodged | 180 | 180 |
| Total Complaints Resolved | 162 | 161 |
| % Of Total Complaints Resolved | 89.90% | 80.50 % |
| Non Actionable Complaints | 9 | 12 |
| % Of Non Actionable Complaints | 5.0% | 6.03 % |
Groww vs SBI Securities Transactions Charges
Below the table shows Equity Intraday, Equity Delivery, Equity Option , Future and
Commodity options/ Future and Currency Option/Future Transaction charges of both the
platform.
| Transaction Charges | Groww | SBI Securities |
| Equity Delivery | NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (Each Side) | 0.00335% (NSE) &0.00375% (BSE) |
| Equity Intraday | NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (Sell Side) | 0.00335% (NSE) & 0.00375% (BSE) |
| Equity Option | NSE Rs 5000 per Cr (0.05%) | BSE Rs 3750 per Cr (0.0375%) (On Premium) | 0.053% (on premium) |
| Equity Future | NSE Rs 190 per Cr (0.0019%) | BSE Rs 0 | 0.002% (NSE & BSE) |
| Currency Option | NA | 0.037% (NSE) & 0.001% (BSE) |
| Currency Future | NA | 0.0009% (NSE) & 0.00022% (BSE) |
| Commodity Option | NA | 0.05% (Non Agri) |
| Commodity Future | NA | NA |
Review Comparison Of Groww vs SBI Securities By Customer
Groww is rated 8 of 10 , whereas SBI Securities is rated 7 of 10
| Rating | Groww | SBI Securities |
| Brokerage | 9/10 | 7/10 |
| Customers Service | 7/10 | 6/10 |
| Fees | 8.5/10 | 6.5/10 |
| Trading Platform | 8/10 | 6/10 |
| Research | 7/10 | 5.510 |
| Broker Rating | 7.5/10 | 6/10 |
| Overall Rating | 8/10 | 7/10 |
Conclusion: Groww sophisticated choices and cheaper prices give it a minor advantage. In the end, Groww is better for seasoned traders looking for extensive tools and reduced prices, whereas Groww is better for novices and mutual fund investors..SBI Securities, supported by the State Bank of India, offers dependable services at cheap broking fees and high customer confidence. Choosing between them is based on the importance of sophisticated features versus cost-efficiency and trust.
Customer Care Number/Email
Groww :- +91 9108800000
SBI Securities:- 022-42273373
Client can contact this number for clearing your doubt.
Groww Support Email :- support@groww.in
SBI Securities Support Email :- helpdesk@sbicapsec.co
Client can contact on this email for clearing your doubt.
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