Angel One vs Groww – Which is Better in 2024
Angel One vs Groww
Discount Broker Angel One was founded in 1987. It provides trading on the The National
Commodity and Derivatives Exchange (NCDEX) ,Multi Commodity Exchange (MCX), NSE
(national stock exchange) ,and BSE ( Bombay stock exchange) .There are 900 of its
branches in India. Groww , founded in 2016, is a discount broker. It supports trading on the NSE and
BSE. It has 0 branches in India.while
Angel One
Angel One Review: A full-service retail broker with online discount brokerage services,
is one of the biggest in India and was founded in 1987. In addition to stock and commodities
broking, margin finance, loans secured by shares, and distribution of financial goods, the
company provides a comprehensive variety of trading and investing services. With more
than 19,000 authorised individuals, 110 branches, and 10,000 trade terminals spread across
more than 1700 cities, Angel One has a significant local presence.
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.
| Angel One | Groww | |
| Year of Establishment | 1987 | 2016 |
| Number of Branches | 900 | Not have any branches,it is a online trading platform,head office banglore India |
| Exchange | MCX, NCDEX and BSE ,NSE. | NSE, BSE SENSEX & NIFTY |
| Broker type | Discount Broker | Discount Broker |
Angel One VS Groww Charges
| Angel One | Groww | |
| Trade and Call Charge | Additional Rs 20 per executed order | Additional Rs 50 per order |
| Brokerage Charges | Equity Rs 20 or 0.03% | F&O Rs 20 | Rs 20 or 0.05 % per order( whichever is lower) |
Compare Angel One vs Groww Offers
Product Provided by Angel One & Groww
| Type | Angel One | Groww |
| Equity Intraday | ||
| Equity Delivery | ||
| Equity Option | ||
| Equity Future | ||
| Currency Option | ||
| Currency Future | ||
| Commodity Option | ||
| Commodity Future | ||
| Foreign Stocks | ||
| Mutual Funds | ||
| Banking | ||
| Govt. Bonds | ||
| Insurance | ||
| Corporate bond | ||
Compare Angel One VS Groww Advisory Services
Angel One vs Groww AMC & DEMAT Accounts Charges
Angel One, renowned for its affordable brokerage fees and intuitive interfaces,
provides competitive trading and DEMAT account services. The DEMAT account has
an annual maintenance fee of ₹240, however account opening is free. 20% of the
completed order, or ₹20, is the brokerage, whichever is less. Although some
customers praise its research and advice services, there are occasionally technical
problems with the trading software.
While Groww has Rs.0 annual maintenance cost (AMC) for trading accounts, but
charges a ₹0 yearly fee for DEMAT accounts. Many investors favour it
because of its competitive cost, user-friendly layout, and excellent customer service.
Angel One VS Groww Brokerage Charges
Angel One charges no brokerage fees for stock On Delivery , and Groww costs Rs 20 per completed
transaction or 0.05%, whichever is lesser.The table below shows brokerage charges of both
the platform.
Angel One vs Groww Leverage (Margin)
Angel 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.The table below shows the leverage margin of both
platform ( 2024).
Angel One VS Groww Features
Angel One vs Groww Investment Option
- Angelone: For investment angleone offers option like : stock equity, currency, commodity, ipo, mutual fund, bond /ncd and debt . Overall Angelone offers more options than Upstox
- Groww: For investment Groww offers: stock equity, currency, commodity, ipo, mutual fund it don’t offer investment in Bond/NCD and debt type .
- Also, angel one provides research report on daily market, quarterly annual research
- while Groww does not provide such reports.
Angel One vs Groww Pros & Cons
Pros:
| Angel One | Groww |
| 1)The brokerage fee is Rs 20 per trade in intraday and F&O. 2)Equity delivery trades with brokerage fees. 3)Free trading advice and research reports. 4) Securities are provided for collateral and there is a margin trading facility. 5)Don’t impose fees on NEFT or money transfers. (Some charge about Rs. 10 each 6)RM/local subbroker services available even at bargain brokerages. 7)Ability to contact RM in case of problems (Other well-known brokers). 8) Charges just Rs 20 for intraday square-off and call and trade (others charge Rs 50). Others do not provide free stock and mutual fund advice or ideas . | 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. |
Cons:
| Angel One | Groww |
| 1)The trading of SME shares is not provided via angel broking. 2)The sales staff and Angel RM attempt to cross-sell additional goods and services. 3)There is no GTC/GTT order facility available. not available as a 3-in-1 account. | 1)Restricted investment goods without the ability to trade in the currency, commodities, or derivatives (futures & options) segments at this time. 2)Trade and No Call services also There is no branch support provided and it doesn’t offer research reports, stock suggestions, or recommendations. 3)Doesn’t provide SME share trading. 4)No facility for margin trading with No margin required against shares. 5)Not accessible are advanced order types like BO, CO, AMO, and GTT. 6)Do not offer NRI Trading. 7)Branch support not available. |
Angel One vs Groww Complaints
Data from 2024 reveals that Groww had more customer complaints than Angel One when
comparing the two companies. In particular, Groww received 180 complaints and resolved
162 whereas Angel One received 585 complaints and resolved 550. This shows that
Groww performs better in terms of customer service than Angel One, as seen by the fact
that it has a higher complaint resolution rate and fewer complaints overall.
| Complaints | Angel One | Groww |
| Total Complaints Resolved | 457 | 162 |
| % of Resolved Complaints | 82.49% | 86.30% |
| Total Complaints Lodged | 554 | 180 |
| Non Actionable Complaints | 57 | 9 |
| % of Non Actionable Complaints | 10.29% | 5.0% |
Angel One vs Groww Transaction Charges
Firstly the transaction charges of GROWW is Flat fee of ₹ 20 or 0.05% (whichever is less)
for each executed order in Intraday Commodities, Currency, and Equities Trading , also The exchange costs for options on Groww are as follows: NSE Rs 325 per crore (0.00325%) |
BSE Rs 375 per crore (0.00725%) (plus premium). while Angelone NSE Rs 5000 per Cr
(0.05%) | BSE Rs 500 per Cr (0.375%) (on premium) is the one-time transaction fee for
options. Angelone NSE Rs 5000 per Cr (0.05%) | BSE Rs 500 per Cr (0.005%) (on
premium) is the one-time transaction fee for options. Below are both the platform charges.
Angel One vs Groww Review/Rating
| Ratings | Angel One | Groww |
| Brokerage | 7/10 | 6/10 |
| Customers Service | 8/10 | 5/10 |
| AMC Fees | 5/10 | 8/10 |
| Trading Platform | 7.5/10 | 5.5/10 |
| Research | 8.5/10 | 4.5/10 |
| Broker Rating | 8/10 | 7/10 |
| Overall Rating | 8/10 | 5.5/10 |
Conclusion: Angel One is well-known for providing both novice and seasoned
traders with a wealth of research tools, individualised advising services, and a robust
offline presence. Conversely, Groww is praised for its low-cost architecture, intuitive
user interface, and cutting-edge technologies like the Kite platform. It is especially
appealing to traders who are tech-savvy yet cost-conscious. Though both sites are
trustworthy and regulated, the decision comes down to personal preferences:
Groww is an intuitive design that is perfect for novices, emphasising mutual
funds and simplicity
Customer Care Number/Email
Angel One: (1800 1020)
Groww :- +91 9108800000
Client can contact this number for clearing their doubt.
Angel One Support Email: support@angelone.in
Groww Support Email:- support@groww.in
Client can contact on this email for clearing their doubt.
Which is better, Angel One or Grow?
The brokerage of Angel One Max Rs 20 per trade while the brokerage of Groww Max Rs 20 per trade. Angel One is having overall higher rating compare to Groww. Angel one that offers research & advisory services.
Is Angel One good for beginners?
One of the popular full-service brokers in India, Angel One (Angel Broking) offers trading, investment, advisory services, portfolio management, and research services to its clients. As such, it’s a good choice for new investors in India.
What are the disadvantages of Groww app?
However, there are a few of disadvantages to online trading with Groww, including the following:
Limited investment options due to the unavailability of commodities and currency derivative products.
Using Groww for delivery trading is not free.
No branch offices to provide client service offline.
No phone number for customer service.
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