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HomeStock BrokerGroww vs ICICIdirect

Groww vs ICICIdirect

Side-by-side view of features, pricing context, and platform fit.

Groww

Groww

Active Clients: 1,24,80,505

Groww is a Bangalore-based online brokerage firm operating under Groww Invest Tech Pvt Ltd, a SEBI-registered broker and member of the NSE and BSE. Initially, it began as a direct mutual fund platform, and subsequentl...

ICICIdirect

ICICIdirect

Active Clients: 20,45,086

ICICIdirect is a prominent retail stock broker in India, operating as part of the ICICI Group, and provides online trading and investment services spanning equity, derivatives, IPO, mutual funds, fixed deposits, bonds...

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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