The side-by-side comparison of ICICIdirect and Groww Demat Account. Compare ICICIdirect Vs Groww Demat Account charges, AMC and Fees. Read Groww and ICICIdirect demat Account review.
Find out ICICIdirect Vs Groww which is better demat account and ICICIdirect Vs Groww which is best demat account.
Our ICICI Securities Pvt Ltd. demat account comparison with Groww Invest Tech Pvt Ltd. highlights the major differences between two brokers. Find the best demat between ICICIdirect and Groww.
| ICICIdirect | Groww | |
|---|---|---|
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| About the Broker | ICICI Direct is the online trading and investment platform of ICICI Securities Limited (I-Sec), a subsidiary of ICICI Bank Ltd. Launched in 1995, ICICI Direct offers a comprehensive financial marketplace catering to retail and institutional investors. ICICI Direct is registered with SEBI as a stockbroker, Merchant Banker, Portfolio Manager, Investment Adviser, and Research Analyst. It is also a Corporate Agent under IRDAI and a Point of Presence (POP) under PFRDA for distributing the National Pension Scheme (NPS). NSDL DP ID IN301348 and CDSL DP ID 16014300. | Groww is a fast-growing online stock broker and mutual fund investment company. It offers services to invest in Equity, IPO, and Direct Mutual Funds. Groww started offering demat account services in 2020. It is a member of the CDSL depository. Groww is an online discount broker. It charges a flat of Rs.20 or 0.05% per executed order whichever is lower as trade brokerage fee. Groww demat account charges include Account Opening fee of Rs.0 (Free), AMC of Rs.0 (free) and Debit Transaction Charge of Rs.13.50 per script for delivery trades and zero for intraday trades. |
| DP ID | 16014300 | 88700 |
| Contact Info | ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India. | Next Billion Technology Private Limitedm 1st Floor, Proms Complex, SBI Colony, 1A Koramangala, Bangalore, Karnataka, India - 560034 |
| Services Offered | The services offered include Equity, Derivatives, IPO, Mutual Funds, Fixed Deposits, Bonds, and Commodity trading at BSE and NSE. | Equity, IPO, and Direct Mutual Funds |
| Find more info about broker | ||
| Special Offer | Zerodha (Flat Rs 20 Per Trade) Special Offer - Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account and start trading today. | Special Offer: Invest in Stocks and Direct Mutual Funds with zero account opening charges. Enjoy simple, transparent pricing — no hidden fees, no hassles. Open your FREE Demat account on Groww and start investing today. |
| ICICIdirect | Groww | |
|---|---|---|
| Demat Account Opening Fee | No Fees | ₹0 (Free) |
| Demat Account AMC | For Individual account: ₹700 p.a. For Corporate account: ₹500 p.a. (W.e.f. 01. Oct.2013) | ₹0 (Free) |
| Advance Deposit | Rs. 0 | ₹0 |
| Open Groww Account |
| ICICIdirect | Groww | |
|---|---|---|
| Dematerialisation Charges | ₹50 Per Demat Request Form and ₹3 For Each Certificates | ₹150 per certificate + courier charges |
| Rematerialisation Charges | ₹25 + CDSL charges at actual | ₹150 per certificate + courier charges |
| Transaction Charges (Credit or Buy) | ||
| Transaction Charges (Debit or Sell) | Rs 0. (NIL Instruction submitted through Internet (E-inst / IVR) - 0.04% of value of securities(Min. Rs 30 and Max Rs 25,000). Instruction submitted through Call Centre - 0.04% of value of securities(Min. Rs 35 and Max Rs 25,000). Instruction submitted at Branches - Nil charges for Trades done at www.icicidirect.com. | For value ≥ ₹100: Male investors: ₹3.50 (Depository) + ₹16.50 (Groww) = ₹20.00 (plus GST) Female investors: ₹3.25 (Depository) + ₹16.50 (Groww) = ₹19.75 (plus GST) For value < ₹100: Only the depository charge, i.e., Male investors: ₹3.50 and Female investors: ₹3.25 |
| Pledge Creation Charges | 0.02% or minimum of ₹35 if ICICI Bank is counter party. Otherwise, 0.04% or a minimum of Rs.45 | ₹20 + ₹12 per request (CDSL Charges) |
| Pledge Creation Confirmation Charges | 0.02% or minimum of ₹35 if ICICI Bank is counter party. Otherwise, 0.04% or a minimum of Rs.45 | |
| Pledge Invocation Charges | 0.02% or minimum of ₹35 if ICICI Bank is counter party. Otherwise, 0.04% or a minimum of Rs.45 | ₹20 |
| Failed Instruction Charges | NA | ₹50 per ISIN |
| Other Charges | Services will be restored only on full payment of AMC or any Demat charges by the customer. | KYC Modification: ₹100 |
| ICICIdirect Enquire | Groww Enquire | |
|---|---|---|
| Contact Broker | Zerodha (India's Best & No. 1 Broker)Special Offer - Free Equity Delivery and Mutual Funds
| GrowwSpecial OfferInvest in Stocks and Mutual Funds on Groww
Start your investment journey today! |
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