Both brokers are registered with SEBI. Alice Blue offers investment in Equity, F&O, Currency, and Commodities, while Groww offers investment in Equity, F&O, and Currency only. Alice Blue charges a maximum brokerage of Rs 15 per trade, whereas Groww charges a maximum of Rs 20 per trade. It’s important to note that both brokers are discount brokers.

The overall rating for both brokers is equal, with a rating of 4 out of 5. Groww has 99,31,232 active customers, while Alice Blue has 1,66,926. Clearly, Groww is serving a significantly larger number of customers compared to Alice Blue.

Here is a comprehensive comparison of two leading share brokers in India, Alice Blue and Groww. Our comparison is based on over 100 key attributes, empowering you to make well-informed decisions. We have meticulously evaluated their brokerage plans, plan types, customer service, maintenance fees, AMC, trading platforms, ratings, reviews, mobile app quality, margin/leverage/exposure, demat account offerings, and investment options. This in-depth analysis will assist you in selecting the best broker for your specific needs, ensuring complete clarity and confidence in your decision. We also provide assistance to our visitors for account opening.

several key aspects to help you make an informed decision. With over 100+ attributes taken into account, this comprehensive comparison between Alice Blue and Groww share brokers in India will provide you with the necessary insights.

Comparison

Alice Blue vs Groww – Let’s dive into the details to make the best choice.

• Brokerage plans
• Customer Service offered
• Order Type
• AMC
• Trading Platforms
• Brokerage Charges
• Feature
• Demat Account
• Investment Options
• Account Feature

Account Opening Charges and AMC

Comparison of Alice Blue with Groww in terms of trading and demat account opening charges as well as AMC fees reveals that both brokers offer free trading account opening. However, Groww provides free AMC for demat accounts, whereas Alice Blue charges Rs 400 per annum for demat account AMC.

About Brokerage Plans

The most crucial aspect to consider when comparing Alice Blue with Groww is their range of plans. This section provides a high-level comparison of the types of plans offered by these brokers. Alice Blue shines by offering multiple plans, a feature that Groww does not provide. It’s worth noting that both brokers do not offer monthly plans.

Brokerage Charges

Details of Alice Blue’s brokerage plan: It offers the lowest brokerage with a maximum of Rs. 15 per trade for Equity Intraday, Derivatives, Currency, and Commodities. Furthermore, starting from May 2021, the F20 plan transitions into the F15 plan.

As for Groww’s brokerage plan, it features a flat rate of Rs. 20 per order for intraday trading and provides free delivery trading.

Account Features

Alice Blue and Groww are both leading brokers in the market, but they differ in certain account features. In terms of account types, both brokers offer a convenient and efficient 2-in-1 account, integrating trading and demat accounts seamlessly. However, when it comes to algo trading, Alice Blue outshines Groww by offering this advanced feature, which provides unparalleled trading opportunities and automation. On the other hand, Groww has the advantage in margin funding, providing flexible options for traders to leverage their investments. Additionally, Alice Blue caters to the needs of NRI traders, offering dedicated services for seamless NRI trading, while Groww does not currently provide this feature. These distinctions in account features between Alice Blue and Groww offer investors a varied range of opportunities to suit their individual preferences and requirements.

Trading Platform

With our expert research team, we have compared all the major features of the trading platforms Alice Blue and Groww. This comprehensive comparison covers desktop trading platforms, web interfaces, and mobile apps for Windows, Android, and iOS. Additionally, we have provided links for mobile app downloads and demo access for easy navigation.

Investment Offerings

Alice Blue and Groww both offer a range of investment options, including online IPO application, equity and derivatives trading, mutual funds investment, bonds/NCD, ETFs, banking, insurance, and more. While both brokers provide trading options in equity and equity derivatives on NSE/BSE, Alice Blue stands out by offering commodity trading on MCX, which is not available on Groww. Additionally, online mutual fund investment is available on both platforms, while neither broker provides portfolio management services (PMS).

Order Types

Compare the order types offered by Alice Blue and Groww. While both brokers provide CNC, MIS, and NRML orders, the distinction lies in the advanced order types like cover orders, bracket orders, AMO, and GTC orders.

Alice Blue offers cover orders, providing an additional margin for intraday positions with compulsory stop loss, while Groww does not offer this type.

Similarly, Alice Blue provides bracket orders, which allow you to lock in a profit by bracketing an order with two opposite-side orders, offering higher margins to limit losses. Groww does not offer bracket orders.

In addition, Alice Blue supports After Market Orders (AMO), providing the flexibility to place orders beyond regular trading hours, unlike Groww.

Both brokers, however, do not support Good Till Cancelled (GTC) orders.

In essence, Alice Blue offers a wider range of advanced order types, providing traders with more flexibility and risk management options compared to Groww.

Customer Service Offered

Alice Blue and Groww are both well-known brokers in the market, offering a range of services to their customers. However, when it comes to customer service, there are some notable differences between the two.

Alice Blue places a significant emphasis on providing exceptional customer service. They have a dedicated team of knowledgeable professionals who are readily available to assist you with any queries or issues you may have. Whether you need immediate assistance or have a complex problem that requires in-depth analysis, Alice Blue’s team is equipped to provide you with a quick resolution. They understand the importance of promptly addressing customer concerns and strive to ensure that you receive the support you need, when you need it.

On the other hand, while Groww also offers customer service, it may not be as comprehensive as Alice Blue’s. The level of support provided by Groww is adequate for basic queries or issues; however, it may not be as prompt or thorough as what you would experience with Alice Blue. Depending on the complexity of your problem, it may take longer to receive a resolution or you may not receive the same level of personalized attention.

In summary, when it comes to customer service, Alice Blue stands out for its commitment to providing exceptional support. Their dedicated team of professionals ensures that your queries and issues are addressed promptly, leaving you with a satisfying experience. While Groww also offers customer service, it may not match the same level of excellence as Alice Blue.

Demat Account

Comparing Alice Blue with Groww ondemat service and charges, there are two main points to focus on: demat AMC and debit transaction charges.

Demat AMC refers to the charges that need to be paid annually to maintain a demat account. Some brokers offer free demat AMC, some charge a one-time fee, and some have an annual fee. This is a recurring cost that should be considered when opening a demat account.

Groww offers zero demat AMC, whereas Alice Blue charges ₹400 per annum.

The second charge to consider is the transaction charges on the debit of shares or MF (Mutual Funds). When selling the script in IPO, MF, or delivery trading, there are debit transaction charges. These charges are in addition to the brokerage and other regulatory charges that need to be paid.

For Alice Blue, the transaction charges on the debit of ISIN are 0.04% of the transaction value, while for Groww, the charges are ₹8 plus ₹5.50 CDSL charges. These charges are applicable when debiting equity or mutual funds from your demat account.

Groww Vs Alice Blue – Features

In conclusion, this section covers demat charges, demat services, and other important details.