GR
Groww
Discount / Investment PlatformAccount opening₹0
AMC₹0
Intraday₹20 or 0.1% per executed order, whichever is lower; minimum ₹5
Broker Comparison
Groww vs SBI Securities
Compare brokerage charges, account fees, trading platforms, products, MTF, advantages and limitations before choosing a broker.
Data verified: 2026-08-03
SB
SBI Securities
Bank BrokerAccount opening₹0
AMC₹750
Intraday0.05% per trade.
Groww vs SBI Securities: Quick comparison
Key charges and account features side by side.
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| Feature | Groww | SBI Securities |
|---|---|---|
| Broker type | Discount / Investment Platform | Bank Broker |
| Account opening | ₹0 | ₹0 |
| Annual maintenance | ₹0 | ₹750 |
| Equity delivery | ₹20 or 0.1% per executed order, whichever is lower; minimum ₹5 | 0.50% per trade. |
| Equity intraday | ₹20 or 0.1% per executed order, whichever is lower; minimum ₹5 | 0.05% per trade. |
| Futures | ₹20 per executed order | 0.05% per trade. |
| Options | ₹20 per executed order | ₹100 per lot. |
| Commodity | Available only where enabled by the broker; verify current segment availability and tariff. | 0.05% of turnover |
| Currency | Available only where enabled by the broker; verify current segment availability and tariff. | 0.03% of total turnover value |
| DP charges | Charged on eligible Demat debit transactions; verify the current per-ISIN tariff on the official pricing page. | 0.01% of the trade value (Minimum ₹21, Maximum ₹300) per debit transaction |
| MTF | Availability, eligible securities and interest rate are broker/plan-dependent; verify the official MTF terms. | ₹49 per executed order |
| Call & trade | May attract an additional assisted-order charge; verify the current tariff. | ₹49 per executed order |
| Customer support | Official app/web help centre, ticket, email and/or phone support; channels vary by broker. | Official app/web help centre, ticket, email and/or phone support. |
| Active Users | Check official tariff | NSE Active Clients: ~11.17 Lakh (1.11 million) active users |
About Groww
Groww is an Indian investment and trading platform included in TheShareBrokers broker database. It provides access to listed-market products through its official mobile and/or web platforms. Charges and product availability can vary by segment, account type and selected plan, so users should verify the linked official tariff before making a decision.
About SBI Securities
SBI Securities Limited is the stockbroking arm of the State Bank Group and a wholly owned subsidiary of SBI Capital Markets Limited. Founded in 2006, it operates as a full-service stock broker offering retail and institutional equity broking, derivatives trading, depository services, and third-party financial products.
Its online trading platform allows resident Indians and NRIs to invest in equities, derivatives, mutual funds, ETFs, IPOs, and NCDs. The company also offers access to selected lending products, including home loans, car loans, and loans against securities.
SBI Securities is registered with SEBI and acts as a Depository Participant with both NSDL and CDSL. It also provides online trading services for NRIs, although availability and account features may vary depending on the investor’s country of residence and applicable regulations.
Groww platforms
- Groww mobile app and web platform
Groww products
- Indian stocks, F&O, IPOs, ETFs and mutual funds
Trading Platforms & Tools
- SBI Securities offers web and mobile trading platforms for investing in equities, derivatives, mutual funds, ETFs, IPOs, NCDs, and other products. Its platforms include features such as watchlists, live market data, portfolio tracking, research reports, online order placement, and account management, along with call-and-trade and offline support services.
Products Offered
- SBI Securities offers a wide range of products, including equities, derivatives, mutual funds, ETFs, IPOs, NCDs, bonds, corporate fixed deposits, 3-in-1 account and depository services. It also provides selected lending products such as home loans, car loans, and loans against securities.
Groww pros and cons
Pros
- Established broker/platform access; integrated Groww mobile app and web platform; broad access to Indian stocks, F&O, IPOs, ETFs and mutual funds.
Cons
- Charges may vary by plan or promotional period; some segments require separate activation; users should verify the latest tariff and platform availability.
SBI Securities pros and cons
Pros
- Maximum Safety: Backed fully by State Bank of India, offering high reliability for large long-term portfolios.
- 3-in-1 Integration: Links SBI bank, demat, and trading accounts for instant, seamless fund transfers.
- Physical Branch Network: Provides extensive offline customer support through pan-India bank branches and investment desks.
Cons
- High Standard Fees: Charges up to 0.50% for equity delivery, making it expensive compared to discount brokers.
- Costly Operational Charges: Imposes a high minimum DP fee of ₹21 per scrip alongside steep auto square-off penalties.
Which broker should you choose?
Choose based on the segment you trade, total account cost, platform requirements, research needs and support preference. Verify the latest tariff and product availability on the brokers’ official websites before opening an account.
Read complete broker reviews
Frequently asked questions
Is Groww a SEBI-registered stock broker?
Groww operates through a regulated broking entity. Check the current SEBI registration and exchange membership shown on the broker’s official regulatory or disclosure page before opening an account.
What are the brokerage charges at Groww?
Groww brokerage can vary by segment, plan and promotional period. Use the official tariff or pricing page linked in this record and confirm the selected plan during account opening.
Does Groww charge Demat AMC?
Demat maintenance charges may depend on the account type, BSDA eligibility, plan or introductory offer. Confirm the current AMC from the official tariff before applying.
Which products are available on Groww?
The products field on this page lists the major investment and trading segments available through Groww. Availability and activation requirements may vary by user and segment.
Who should consider Groww?
Groww may suit users whose required products, platform features, support model and total charges match their needs. Compare the verified tariff and platform features with at least one alternative broker.
What are the charges to open a Demat and Trading Account?
Online digital account opening is ₹0 (Free), though physical application routes may attract minor documentation or stamp fees
Does SBI Securities offer a 3-in-1 integrated account?
Yes, it links your SBI Savings Bank Account, Demat Account, and Trading Account for instant, paperless fund transfers.
What are the document requirements to open an account?
Resident Indians require a PAN Card, Aadhaar Card (linked to a mobile number for OTP), a canceled cheque/bank proof, and a live photo via e-KYC.
What is the standard brokerage under the basic eZ-Trade plan?
The standard plan charges a percentage fee of 0.50% for Equity Delivery and 0.05% for Equity Intraday trading
What is the SBI Securities ProZero plan?
The SBI Securities ProZero Plan is a discount tier providing lifetime ₹0 brokerage on Intraday trading across Equity and F&O segments.
How much does carrying forward a Futures or Options position cost?
Under flat-fee models like ProZero, overnight positional F&O trades are priced at a flat ₹20 per executed order.
How does the E-Margin / Margin Trading Facility (MTF) work here?
The SBI Securities E-Margin Facility provides up to 4x buying leverage on over 700 selected stocks. You pay a 25% upfront margin, and SBI funds the remaining 75%
What is the interest rate charged on E-Margin (MTF) allocations?
SBI Securities charges 0% interest for the first 23 trading days. From the 24th trading day onward, interest applies at 0.04% per day (~14.6% annually)
Is SBI Securities a full-service stock broker?
Yes, SBI Securities is a full-service stock broker offering equity trading, derivatives, mutual funds, IPOs, ETFs, NCDs, depository services, research support, and other investment products.
Can NRIs open an account with SBI Securities?
Yes, SBI Securities provides trading and investment services to NRIs. However, available products and account features may vary according to the investor’s country of residence and regulatory requirements.