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Mirae Asset Sharekhan Logo

About Mirae Asset Sharekhan
Established in 2000, Mirae Asset Sharekhan (formerly known as Sharekhan) is a full-service stock broking firm that is also considered as one of the pioneers in retail online broking and digital investments in India. It offers online trading and investing services for brokerage through its online trading platforms: Website (www.sharekhan.com), TradeTiger (desktop trading software), Sharekhan App and Investiger App (available for Android and iOS devices). Designed for serious Investors and Traders... Know more about Mirae Asset Sharekhan

Groww Logo

About Groww
Groww is a Bangalore based broker offering online flat fee discount brokerage services to invest in Equity, IPO, and Direct Mutual Funds. Groww is the brand name for Nextbillion Technology Private Limited who is a SEBI registered stockbroker and a member of NSE and BSE. Established in 2016, Groww initially started as a direct mutual fund investment platform. In the mid-2020s, Groww expanded its product offering to include Equity trading. The company also offers Digital gold, US Stocks, and Fixe... Know more about Groww

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Mirae Asset Sharekhan Vs Groww

Incorporated in 2000, Mirae Asset Sharekhan is a Full Service Broker. It offers trading at BSE, NSE, MCX. It has 2800 branches across India. Incorporated in 2016, Groww is a Discount Broker. It offers trading at NSE and BSE. It has 0 branches across India.

 Mirae Asset SharekhanGroww
Type of BrokerFull Service BrokerDiscount Broker
Exchnage MembershipBSE, NSE, MCXNSE and BSE
Year of Incorporation20002016
Number of Branches28000

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Mirae Asset Sharekhan Vs Groww Charges & AMC

Mirae Asset Sharekhan trading account opening charges is Rs 0 (Free) while Groww account opening changes is Rs 0 (Free). Mirae Asset Sharekhan Demat Account AMC Charges is Rs 400 (Free for 1st year) and Groww Demat Account AMC Charges is Rs 0.

 Mirae Asset SharekhanGroww
Trading Account Opening ChargesRs 0 (Free)Rs 0 (Free)
Trading Account AMC ChargesRs 0 (Free)Rs 0
Demat Account Opening ChargesRs 0 (Free)Rs 0
Demat Account AMC ChargesRs 400 (Free for 1st year)Rs 0

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Mirae Asset Sharekhan Vs Groww Brokerage

Mirae Asset Sharekhan brokerage charges for equity is 0.30% on market rate or minimum 1 paisa per share and intraday is 0.02% on market rate or minimum 1 paisa per share whereas Groww brokerage charges for equity is Rs 20 per executed order or 0.05% whichever is lower and intraday is Rs 20 per executed order or 0.05% whichever is lower.

Account TypeMirae Asset Sharekhan Classic AccountGroww Standard Plan
Fixed ChargesNA
Equity Delivery0.30% on market rate or minimum 1 paisa per shareRs 20 per executed order or 0.05% whichever is lower
Equity Intraday0.02% on market rate or minimum 1 paisa per shareRs 20 per executed order or 0.05% whichever is lower
Equity Futures0.02% per transaction valueRs 20 per executed order
Equity OptionsRs 39 per lotRs 20 per executed order
Currency Futures0.02% per transaction valueNA
Currency OptionsRs 5 per lotNA
Commodity Futures0.02%NA
Commodity OptionsRs 20 per lotNA
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.

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.

Mirae Asset Sharekhan Vs Groww Brokerage Plan 2

 Mirae Asset SharekhanGroww
Account TypePrepaid - Rs 1 LakhStandard Plan
Fixed ChargesRs 1,00,000 per yearNA
Equity Delivery0.10%Rs 20 per executed order or 0.05% whichever is lower
Equity Intraday0.015%Rs 20 per executed order or 0.05% whichever is lower
Equity Futures0.015%Rs 20 per executed order
Equity Options0.05% or Rs 63 per lotRs 20 per executed order
Currency Futures0.02% per transaction valueNA
Currency OptionsRs 5 per lotNA
Commodity Futures0.02%NA
Commodity OptionsRs 20 per lotNA

Mirae Asset Sharekhan Vs Groww Brokerage Plan 3

 Mirae Asset SharekhanGroww
Account TypeMargin - Rs 1 LakhStandard Plan
Fixed ChargesRs 1,00,000 marginNA
Equity Delivery0.25%Rs 20 per executed order or 0.05% whichever is lower
Equity Intraday0.05%Rs 20 per executed order or 0.05% whichever is lower
Equity Futures0.05%Rs 20 per executed order
Equity Options1% or Rs 70 per lotRs 20 per executed order
Currency Futures0.02% per transaction valueNA
Currency OptionsRs 5 per lotNA
Commodity Futures0.02%NA
Commodity OptionsRs 20 per lotNA

Mirae Asset Sharekhan Charges Vs Groww

Minimum BrokerageIntraday: 5 paisa per share | Delivery: 10 paisa per share | Future Rs 0.001 per shareRs 20 or 0.05% per executed order
Other ChargesPhysical Contract Note: Rs 20 + Courier Charges; Auto square off charges : Rs 50
Call & Trade ChargesRs 20NA

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Mirae Asset Sharekhan Vs Groww Leverage (Margin)

Mirae Asset Sharekhan margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Groww margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

 Mirae Asset SharekhanGroww
Equity Delivery100% of trade value (1x leverage)100% of trade value (1x leverage)
Equity IntradayUp to 20% of trade value (5x leverage)Up to 20% of trade value (5x leverage)
F&O (Eq, Curr, Comm)100% of NRML margin (Span + Exposure) (1x leverage)100% of NRML margin (Span + Exposure) (1x leverage)

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Compare Mirae Asset Sharekhan and Groww Features

The trading platforms offered Mirae Asset Sharekhan include TradeTiger, Sharekhan Mobile. Groww offers Groww trading software.

 Mirae Asset SharekhanGroww
3 in 1 AccountNoNo
Automated TradingYesNo
Margin Trading FundingYesNo
Margin Against Shares (Equity Cash)YesNo
Margin Against Shares (Equity F&O)NoNo
Trading PlatformTradeTiger, Sharekhan MobileGroww
Intraday Square-off Time3:30 PM3:10 PM
Trading In SME Shares Allowed?NoNo
Referral ProgramNoNo
Other FeaturesPattern finder, Class room training

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Mirae Asset Sharekhan Vs Groww Review

Mirae Asset Sharekhan is rated of 5 based on 316 customer reviews whereas Groww is rated of 5 based on 106 customer reviews.

 Mirae Asset SharekhanGroww
 316 Customer Reviews    Rate Mirae Asset Sharekhan106 Customer Reviews    Rate Groww
FeesRated 3.0 starsRated 4.3 stars
BrokerageRated 2.8 starsRated 3.8 stars
Trading PlatformRated 3.7 starsRated 3.8 stars
Customer ServiceRated 3.3 starsRated 3.5 stars
Research CapabilitiesRated 3.1 starsRated 3.1 stars
Overall RatingRated 3.3 starsRated 3.8 stars
Broker RatingMirae Asset Sharekhan is Rated 3.3 / 5 based on 316 customer reviewsGroww is Rated 3.8 / 5 based on 106 customer reviews

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Contact Broker / Request A Call Back

 Mirae Asset SharekhanGroww
Contact Broker
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.
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.

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Mirae Asset Sharekhan Vs Groww Investment Options

 Mirae Asset SharekhanGroww
Stock / EquityYesYes
CommodityYesNo
IPOYesYes
Mutual FundsYesYes
Bond / NCDYesNo
DebtYesYes

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Mirae Asset Sharekhan Vs Groww Order Type Offered

 Mirae Asset SharekhanGroww
Bracket OrderYesNo
Cover OrderYesNo
Buy Today Sell Tomorrow (BTST)YesYes
Sell Today Buy Tomorrow (STBT)NoNo
After Market Order (AMO)YesNo
Good Till Cancelled (GTC)YesNo

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Mirae Asset Sharekhan Vs Groww Suitable For Investor Type

 Mirae Asset SharekhanGroww
Casual InvestorYesYes
Active InvestorYesNo
TraderNoNo

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Mirae Asset Sharekhan Vs Groww - Pros and Cons

 Mirae Asset SharekhanGroww
Pros
  1. Sharekhan offers different trading platforms to suit customer requirements. This includes online browser-based trading, an Installable terminal, mobile, call-n-trade and in-person trade through branch offices.
  2. It offers different brokerage slabs to suit individual customers. Higher your trade your brokerage gets reduced. They have multiple brokerage schemas available to them.
  3. Sharekhan offers online and classroom training, seminars and workshops to investors.
  4. Sharekhan doesn't charge for Online Funds Transfer from a bank account and Funds Pay-out to a bank account.
  5. Sharekhan doesn't charge for DP transactions. Share transfer from and to the DP account is free.
  6. Sharekhan has an India-wide network of branches. You can surely find a Sharekhan in your neighbourhood.
  7. Call & Trade facility is free with Sharekhan.
  8. Sharekhan allows fixed deposits as collateral for future and option trading.
  • Simple pricing model with low-cost trading charges.
  • Free Mutual Fund investments with no hidden charges.
  • Zero Account opening fee.
  • Zero Maintenance Charges.
  • Direct MF platform that helps you earn an extra 1.5% returns.
  • E-books, Resources, and Blogs that provide the basics and updates on the stock market to help investors make an informed decision.
  • Instant paperless account opening.
  • Online IPO application.
  • Inhouse Brokerage Calculator
  • Option to invest online in digital gold and US Stocks. Other products (Derivatives, FD) in the pipeline. 
Cons
  1. Sharekhan doesn't offer 3-in-1 accounts as they don't provide banking services.
  2. Classic account holders cannot trade Commodities, as the segment has to be activated separately.
  3. As a full-service broker that provides Customer Support and assistance via RMs, their charges are basis a percentage of the Securities being traded and not a flat fee.
  • Limited investment products with no option to currently trade in derivatives (futures & options), commodity, and currency segment.
  • Doesn't offer trading in SME shares.
  • No Call and Trade services.
  • Branch support not available.
  • Do not provide stock tips, research reports, or recommendations.
  • No Margin trading facility.
  • No Margin against shares.
  • Advanced order types like BO, CO, AMO, and GTT not available.
  • Trailling stop loss orders are not available in Groww app.
  • Do not offer NRI Trading.
Reviews

Groww is a Bangalore based broker offering online services to invest in Equity, IPO, and Direct Mutual Funds. Groww is registered with SEBI as a stock broker in the name of NextBillion Technology Limited. Groww is also a member of the NSE, BSE, and CDSL depository.

Groww is an online discount broker with a simple pricing model based on a flat fee. The company charges a lower of Rs 20 or 0.05% per executed trade and offers Free Mutual Fund services with no charges in investing or redemption of mutual funds.

The account opening with Groww is also free with no maintenance charges. It does not offer any tips, recommendations, and research services. Groww offers its trading platform called Groww on web and mobile app to enjoy a seamless trading experience for its investors.

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  • Pay ₹20 per trade for Intraday & F&O.
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  Special Offer - Free Equity Delivery and Mutual Funds

  • Brokerage-free equity delivery trades.
  • Brokerage-free Direct Mutual Fund.
  • Pay ₹20 per trade for Intraday & F&O.
  • The best trading platform in India.

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