Groww vs Dhan – Which Is Better In 2024
Groww vs Dhan
Groww , founded in 2016, is a discount broker. It supports trading on the NSE and
BSE. It has 0 branches in India.while Dhan, Discount Broker Dhan was founded in 2021. Trading is available at MCX, NCDEX, BSE, and NSE. There are Only 1 of its branche 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.
Dhan
Dhan Founded in 2021, is a Mumbai-based financial services company focused largelyon India. In today’s fast-paced world, every second or third person seeks effectiveinvesting solutions to build wealth, and Dhan is dedicated to delivering these options.Dhan is a SEBI-registered stockbroker. In addition, Dhan is registered with CDSL, NSE,
BSE, and MCX stock exchange.Dhan is a SEBI-registered stockbroker and their headquarters located in Mumbai.
Inaddition, Dhan is registered with CDSL, NSE, BSE, and MCX stock exchanges. Dhan
offers a wide range of products, including stocks, ETFs, options, futures, andcommodities. Overall, Dhan is an all-rounder who effectively meets the majority of atrader’s or investor’s needs. Dhan’s broking fees are competitive and reasonable acrossall products and solutions. Dhan costs Rs. 20 per trade, or 0.03%, for intraday trading. Dhan’s shipping charges for trading equities and ETFs are nothing. Dhan additionally
offers a 50% discount for female users.
| Groww | Dhan | |
| Year of Establishment | 2016 | 2021 |
| Number of Branches | Not have any branches,it is a online trading platform,head office banglore India | 1 |
| Exchange of Membership | NSE , BSE, SENSEX AND NIFTY | NSE, BSE AND MCX , NCDEX |
| Founder | Neeraj Singh | Pravin Jadhav |
| Broker Type | Discount broker | Discount broker |
Groww vs Dhan Charges
| Charges | Groww | Dhan |
| Trade and call charge | Additional Rs 50 per order | Rs 50 per order |
| Brokerage charges | Rs 20 or 0.05 % per order( whichever is lower) | Rs 20 |
Compare Groww vs Dhan Offers
| Offers | Groww | Dhan |
| Free AMC | ||
| Free account Opening | ||
| Free and flexible Brokerage plan | ||
| Margin Funding / Pledging | ||
| Referral Offers | Not Available | 20% Brokerage Sharing |
| Flat Brokerage | Yes ,but limited | |
Intraday trading | ||
| Free Delivery | ||
| Free research report | ||
| Free F & O trading / free trading calls | ||
| Zero Brokerage for Loss Making Trades | ||
Groww vs Dhan Product Provided
| Product Offers | Groww | Dhan |
| Equity Intraday | ||
| Equity Delivery | ||
| Equity Option | ||
| Equity Future | ||
| Currency Option | ||
| Currency Future | ||
| Commodity Options | ||
| Commodity Future | ||
| Foreign Stocks | ||
| Mutual Funds | ||
| Banking | ||
| Insurance | ||
| Govt. Bonds | ||
| Corporate Bonds | ||
Comparison Of Groww vs Dhan Advisory Services
| Advisory Services | Groww | Dhan |
| Fundamental and IPO Reports | ||
| Weekly Review and Robo Advisory | ||
| Daily Top Stock Picks and Stock Tips | ||
| Company/ Annual Report | ||
| Stock Recommendations and Research | ||
| Trading Institution | ||
| PMS or PCG | ||
| Daily Market Review | ||
| Technical Reports | ||
| Demat Services and Trading Services | ||
| NRI Services | ||
| 3 in 1 Account | ||
Groww vs Dhan Features
Dhan and Groww are renowned trading platforms in India that provide unique features.
Dhan caters to experienced traders by offering comprehensive charting tools, a variety of
order types, and fast execution. It provides a professional edition with more features and
interaction with third-party solutions. Groww, on the other hand, is geared towards simplicity
and ease of usage, making it perfect for novices. It provides a single trading platform for
equities, mutual funds, and digital gold, as well as instructional tools. Groww’s user-friendly
layout and simple account opening process stand out. Both platforms have reasonable
brokerage costs and no account maintenance fees, while Dhan excels in sophisticated
trading tools. Below the table shows some of its features.
| Features | Groww | Dhan |
| Charts | ||
| Automated Trading | ||
| 3 in 1 Account | ||
| Online Demo | ||
| SMS Alerts | ||
| Margin Against Shares (Equity Cash) | ||
| Margin Against Shares (Equity F&O) | ||
| Margin Trading Funding | ||
| Online Demo | ||
| Online Portfolio | ||
| Trading In SME Shares Allowed? | ||
| Trading Platform | Groww | Dhan App, Dhan Web, Options Trader Web, Options Trader App, TradingView Console, DhanHQ API |
| Intraday Square-off Time | 3:10 PM | 3:20PM |
| Global indices | ||
| GR | ||
| Stock Tips | ||
| Multi Profile Management | ||
| Customised Recommendation | ||
| Online MF Buy | ||
| Interactive Charts | ||
Groww vs Dhan AMC And Demat Account Charges
Groww : trading account opening charges is Rs 0 . Groww Demat Account AMC Charges is Rs 0 .
Dhan : has Rs.0 annual maintenance cost (AMC) for trading accounts And rs.0 For Open Demat Account .Many investors favour it because of its competitive cost, user-friendly layout, and excellent customer service.
| Account Type | Groww | Dhan |
| Demat Account Opening Charges | Rs 0 (Free) | Rs 0 (Free) |
| Demat Account AMC Charges | Rs 0 (Free) | ₹0 (Lifetime Zero AMC) |
| Trading Account Opening Charges | Rs 0 (Free) | Rs 0 (Free) |
| Trading Account AMC Charges | Rs 0 (Free) | Rs 0 (Free) |
Groww vs Dhan Brokerage Charges
Groww charges a fixed cost of ₹20 for equities trading, whereas Dhan costs Rs 20 per completed
transaction or 0.02%, whichever is lesser. Both platforms provide cheap brokerage fees, Below the table shows brokerage charges.
| Brokerage Charges | Groww Standard Plan | Dhan |
| Equity Delivery | Rs.20 per Trade or 0.05% (whichever is low) | Rs 0 (Free) |
| Equity Intraday | Rs.20 per Trade or 0.05% (whichever is low) | Rs 20 per executed orderor 0.02% whichever is lesser |
| Equity Option | Rs.20 per Trade | Rs.15 per Trade |
| Equity Future | Rs.20 per Trade or 0.05% (whichever is low) | Rs 20 per executed plan/ order or .03% whichever is lesser |
| Currency Option | NA | NA |
| Currency Future | NA | Rs 20 per executed plan/order or .03% whichever is lesser |
| Commodity Option | NA | Rs.20 per Trade |
| Commodity Future | NA | NA |
Groww vs Dhan leverage (margin)
Groww Dhan 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).
| Leverage On | Groww | Dhan |
| Equity Delivery | 100% of trade value (1x leverage) | 100% of trade value (1x leverage) |
| Equity Intraday | Up to 20% of trade value (5x leverage) | Up to 20% of trade value (5x leverage) |
| F&O (Equity, Currency, Commodity) | 100% of NRML margin (Span Exposure) (1x leverage) | 100% of NRML margin (Span + Exposure) (1x leverage) |
Groww vs Dhan Investment Option
- Groww : For investment Groww offers option like : stock equity, currency, commodity, ipo, mutual fund, bond /ncd and debt .
- Dhan : For investment Dhan offers option like : stock equity, currency, commodity, ipo, mutual fund, bond /ncd and debt . Overall Dhan offers more options than Zerodha.
Groww vs Dhan Pros And Cons
Pros:
| Groww | Dhan |
| 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)All other segments have a flatbroking fee of Rs 20 per deal. 2) Offers a 3-in-1 account for ICICI bank members. 3)AMC offers free demat accounts Also it offer Free equity delivery deals. 4) A safe, dependable, and technologically advancedinternet broker. 5) Simple, flat-fee broking services across segments and exchanges (BSE, NSE, MCX). 6) Open an account for free |
Cons:
| Groww | Dhan |
| 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. | 1)Auto Square off costs an additional Rs 20 every order. 2) It doesn’t provide monthly unlimited trading programs. 3)It doesn’t offer stock suggestions, research, or recommendations. 4) Call & Trade costs an additional Rs 50 every order. |
Compate Groww vs Dhan Transaction Charges
Firstly the transaction charges of Dhan is Flat fee of ₹ 20 or 0.03% (whichever is less) for each executed order in intraday commodities, currency, and equities trading , also The exchange costs for options on Dhan are as follows: NSE Rs 322 per Cr (0.00322%) | BSE Rs 375 per Cr (0.00375%) (plus premium). while Groww NSE Rs 325 per Cr (0.05%) | BSE Rs 375 per Cr (0.005%) (on premium) is the one-time transaction fee for options. Groww NSE Rs 5000 per Cr (0.05%) | BSE Rs 3750 per Cr (0.005%) (on premium) is the one-time transaction fee for options. Below are both the platform charges.
| Transaction Charges | Groww | Dhan |
| Equity Intraday | NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (Sell Side) | NSE Rs 322 per Cr (0.00322%) | BSE Rs 375 per Cr (0.00375%) |
| Equity Delivery | NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (Each Side) | NSE Rs 322 per Cr (0.00322%) | BSE Rs 375 per Cr (0.00375%) |
| Equity Option | NSE Rs 5000 per Cr (0.05%) | BSE Rs 3750 per Cr (0.0375%) (On Premium) | NSE Rs 4950 per Cr (0.0495%) | BSE Rs 495 per Cr (0.00495%) (on premium) |
| Equity Future | NSE Rs 190 per Cr (0.0019%) | BSE Rs 0 | NSE Rs 188 per Cr (0.00188%) | BSE Rs 0 |
| Currency Option | NA | (on premium) |
| Currency Future | NA | (on premium) |
| Commodity Option | NA | NA |
| Commodity Future | NA | Group A, B : 0.0026% |
Groww vs Dhan Ratings By Customers
| Rating | Groww | Dhan |
| Brokerage | 5.5/10 | 7.5/10 |
| Customers Service | 4.4/10 | 8.5/10 |
| AMC Fees | 8.5/10 | 8.5/10 |
| Trading Platform | 6/10 | 7.5/10 |
| Research | 4.5/10 | 6.5/10 |
| Broker Rating | 7.5/10 | 8/10 |
| Overall Rating | 6/10 | 8/10 |
Groww vs Dhan Complaints
Data from 2024 reveals that Groww had more customer complaints than Dhan when comparing the two companies. In particular, Dhan received 8 complaints and resolved 10 whereas Groww received 180 complaints and resolved 162. This shows that Dhan performs better in terms of customer service than Zerodha, as seen by the fact that it has a higher complaint resolution rate and fewer complaints overall.
| Complaints | Groww | Dhan |
| Total Complaints Lodged | 180 | 10 |
| Total Complaints Resolved | 162 | 8 |
| % of Resolved Complaints | 89.90% | 99% |
| Non Actionable Complaints | 9 | 20 |
| % of Non Actionable Complaints | 5.0% | 1% |
Conclusion: Dhan is an intuitive design that is perfect for novices, emphasising mutual
funds and simplicity. With Ratan Tata’s support, Dhan offers sophisticated trading tools,
affordable brokerage costs, and a feature-rich software ideal for aggressive traders. Dhan
ease of use makes up for some of the complex capabilities that Groww lacks. 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.
Customer Care Number/Email
Groww :- +91 9108800000
Dhan : 022-43116666
Client can contact this number for clearing their doubt.
Groww Support Email:- support@groww.in
Dhan Support Email : help@dhan.com
Client can contact this email for clearing their doubt.
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