Bajaj Broking vs Groww
A full side-by-side comparison of brokerage charges, demat AMC, margin, platforms, features and user ratings — updated for 2026.
Bajaj Broking
VS
Groww
Bajaj Broking vs Groww — quick verdict
Choose Bajaj Broking if
You want research and offline support
Bajaj Broking Review 2026 — Explore flexible brokerage plans, research-backed stock ideas, advanced trading tools, MTF, IPOs and multi-asset investing.
Choose Groww if
You want low-cost, self-directed trading
Investing Made Simple
Company overview
Bajaj Broking is a full-service broker incorporated in 2010; Groww is a discount broker incorporated in 2016.
| Parameter | Bajaj Broking | Groww |
|---|---|---|
| Type of broker | Full-Service Broker | Discount Broker |
| Exchange membership | NSE · BSE · MCX | NSE · BSE · MCX |
| Year of incorporation | 2010 older | 2016 |
| Number of branches | 45+ branches across 40+ locations, accor | Not Disclosed |
| Active clients | Approximately 6 lakh as of 31 December 2 larger | ~1.29 Crore |
Charges & AMC
Account-opening and maintenance charges for Bajaj Broking and Groww compared side by side.
| Parameter | Bajaj Broking | Groww |
|---|---|---|
| Trading a/c opening | ₹0 | ₹0 (Free) |
| Trading a/c AMC | ₹0 | ₹0 (Free) |
| Demat a/c opening | ₹0 | ₹0 (Free) |
| Demat a/c AMC | ₹0 (via plans) | ₹0 (Free) |
| DP charges (per ISIN, sell) | ₹30 per ISIN per debit transaction | Depository ₹3.50 (Male) / ₹3.25 (Female) + Groww ₹16.50 per debit transaction (₹0 for debit value below ₹100) lower |
Brokerage charges
How Bajaj Broking and Groww price each trading segment, per executed order.
| Parameter | Bajaj Broking | Groww |
|---|---|---|
| Equity Delivery | ₹20/order | ₹20 or 0.1% per executed order (whichever is lower, minimum ₹5) |
| Equity Intraday | ₹20/order | ₹20 or 0.1% per executed order (whichever is lower, minimum ₹5) |
| Equity Futures | ₹20/order | ₹20 per executed order |
| Equity Options | ₹20/order | ₹20 per executed order |
| Currency F&O | ₹20 per order | ₹20 per executed order |
| Commodity F&O | ₹20 per order | ₹20 per executed order |
| Call & Trade | Included / supported | Not Available |
Transaction charges (exchange turnover)
Exchange turnover and clearing charges passed through by Bajaj Broking and Groww, per segment.
| Parameter | Bajaj Broking | Groww |
|---|---|---|
| Equity Delivery | NSE ₹297 per Cr (0.00297%) | BSE ₹375 per Cr (0.00375%) | NSE: 0.00297% | BSE: 0.00375% |
| Equity Intraday | NSE ₹297 per Cr (0.00297%) | BSE ₹375 per Cr (0.00375%) | NSE: 0.00297% | BSE: 0.00375% |
| Equity Futures | NSE ₹173 per Cr (0.00173%) | BSE ₹0 | NSE: 0.00173% | BSE: 0.00% |
| Equity Options | NSE ₹3503 per Cr (0.03503%) | BSE ₹325 per Cr (0.00325% on premium) | NSE: 0.03503% (on premium) | BSE: 0.0325% (on premium) |
| Currency Futures | NSE ₹35 per Cr (0.00035%) | BSE ₹45 per Cr (0.00045%) | NSE: 0.00012% | BSE: 0.00005% |
| Currency Options | — | NSE: 0.0325% (on premium) | BSE: 0.001% (on premium) |
| Commodity Futures | — | MCX: 0.00210% |
| Commodity Options | — | MCX: 0.04180% (on premium) |
Demat & DP charges
Depository (demat) charges for Bajaj Broking and Groww — AMC, debit transactions, pledging and remat.
| Parameter | Bajaj Broking | Groww |
|---|---|---|
| Demat Account Opening | ₹0 | ₹0 (Free) |
| Transaction Charges (Sell) | ₹30 or 0.0002% of transaction value, whichever is higher, plus applicable taxes, as listed for off-market transfers; confirm the applicable delivery DP charge separately | Depository ₹3.50 (Male) / ₹3.25 (Female) + Groww ₹16.50 per debit transaction (₹0 for debit value below ₹100) |
| Annual Maintenance Charges (AMC) | ₹0 under the published standard fee schedule; verify plan-specific conditions | — |
| Pledge / Unpledge / Closure / Invocation | ₹35 plus applicable taxes | — |
| Physical CMR/DIS | First request free; subsequent requests ₹50 plus ₹100 courier charges and applicable taxes | — |
| Dematerialisation | Official fee schedule lists ₹50 per request plus ₹50 per certificate; verify the current tariff | — |
| Rematerialisation | ₹35 per certificate or per 100 shares, whichever is higher, plus applicable charges | — |
| Failed Transactions | Not verified | — |
| Transaction Charges Demat Account Opening ₹0 (Free) Transaction Charges (Sell) Depository ₹3.50 (Male) / ₹3.25 (Female) + Groww ₹16.50 per debit transaction (₹0 for debit value below ₹100) Annual Maintenance Charges (AMC) | — | ₹0 |
| Pledge / Unpledge | — | ₹20 per ISIN |
| Remat | — | ₹150 per certificate + courier charges |
| Failed Demat Transaction | — | ₹50 per ISIN |
Margin & leverage (MTF)
Intraday and delivery margin / leverage offered by Bajaj Broking and Groww.
| Parameter | Bajaj Broking | Groww |
|---|---|---|
| Equity Delivery | Generally 100% of the trade value unless an eligible facility applies (1x without borrowing) | 100% of trade value (1x) |
| Equity Intraday | Depends on the stock, risk controls and applicable exchange margin requirements (Not fixed; depends on available margin) | As per SEBI peak margin rules (Up to 5x*) |
| Equity Futures | Exchange-prescribed SPAN and exposure margin requirements apply (Not fixed) | SPAN + Exposure Margin (1x) |
| Equity Options | Depends on the contract, position and applicable margin requirements (Not fixed) | — |
| Margin Trading Facility (MTF) | Subject to eligible securities, funding limits and the applicable plan (Bajaj Broking advertises up to 4x buying power on eligible stocks; actual limits vary) | — |
Features & account
Account type and feature availability across Bajaj Broking and Groww.
| Parameter | Bajaj Broking | Groww |
|---|---|---|
| 3-in-1 account | ✓ Yes better | ✕ No |
| Automated / API trading | ✓ Yes | ✓ Yes |
| Margin Trading (MTF) | ✓ Yes | ✓ Yes |
| Trading in SME shares | ✓ Yes | ✓ Yes |
| Trading platforms | Bajaj Broking Trading App, Web Platform, NEST Trading Workstation (TWS), Bajaj Broking APIs. | Groww Web, Groww Mobile App, Groww API |
| Intraday square-off | 3:20 PM | 3:20 PM |
| Other | Margin Trading Facility (MTF) up to 365 days, expert research reports, zero account opening fees. | Stock SIP, Option Chain, Price Alerts, Advanced Charts, Watchlists, Portfolio Tracking, Margin Trading Facility (MTF), IPO Investment, Direct Mutual Funds. |
Trading platforms & apps
Trading terminals, web platforms and mobile apps offered by Bajaj Broking and Groww.
| Parameter | Bajaj Broking | Groww |
|---|---|---|
| Trading platforms offered | Bajaj Broking Trading App, Bajaj Broking Web Platform, NEST Trading Workstation (TWS), Bajaj Broking APIs | Groww Web, Groww App |
| Number of platforms | 4 more choice | 2 |
| Platforms (summary) | Bajaj Broking Trading App, Web Platform, NEST Trading Workstation (TWS), Bajaj Broking APIs. | Groww Web, Groww Mobile App, Groww API |
| Mobile / desktop apps | Mobile, Web, Desktop / Trading Terminal, API / Integration | Web, Mobile |
User ratings
User ratings for Bajaj Broking and Groww across the key parameters.
| Rated on | Bajaj Broking | Groww |
|---|---|---|
| Fees | 4.4 | 4.7 better |
| Brokerage | 4.3 | 4.6 better |
| Trading platform | 4.2 | 4.8 better |
| Customer service | 4 | 4.3 better |
| Research | 4.5 better | 4.1 |
| Overall | 4.2 | 4.6 better |
Investment options
Which investment products Bajaj Broking and Groww let you access.
| Parameter | Bajaj Broking | Groww |
|---|---|---|
| Stocks / Equity | ✓ Yes | ✓ Yes |
| Commodity | ✓ Yes | ✓ Yes |
| IPO | ✓ Yes | ✓ Yes |
| Mutual Funds | ✓ Yes | ✓ Yes |
| Bonds / NCD | ✓ Yes | ✓ Yes |
Order types offered
Advanced order types supported by Bajaj Broking and Groww.
| Parameter | Bajaj Broking | Groww |
|---|---|---|
| Bracket Order | ✕ No | ✕ No |
| Cover Order | ✕ No | ✕ No |
| BTST | ✓ Yes | ✓ Yes |
| After Market (AMO) | ✓ Yes | ✓ Yes |
| GTC / GTT | ✓ Yes | ✓ Yes |
Safety & credibility
SEBI registration, financial strength and complaint record for Bajaj Broking and Groww.
| Parameter | Bajaj Broking | Groww |
|---|---|---|
| SEBI registration | INZ000218931 | INZ000301838 |
| NSE member code | 90177 (NSE member ID) | 90187 |
| Year of incorporation | 2010 longer track record | 2016 |
| Net worth | ₹2,037 crore as of December 2025, according to CRISIL Rating | Not Publicly Disclosed |
| Exchange memberships | NSE · BSE · MCX | NSE · BSE · MCX |
| Latest complaint ratio | 0.11% | 0.009% fewer complaints |
Complaints record
Exchange complaint data for Bajaj Broking and Groww — the ratio matters more than the raw count.
| Parameter | Bajaj Broking | Groww |
|---|---|---|
| Latest financial year | 2025–26 | 2023–24 |
| Exchange | NSE | NSE |
| Active clients | 59,995 | 95,38,609 larger base |
| Complaints filed | 67 | 834 |
| Complaint ratio | 0.11% | 0.009% fewer complaints |
Pros & cons
The main advantages and drawbacks of each broker.
Bajaj Broking
▲ Pros
- ✓ Multiple brokerage plans to suit different trading requirements.
- ✓ ₹10-per-order brokerage advertised for eligible segments under the Professional Pack.
- ✓ Online demat and trading account opening.
- ✓ Access to equity, derivatives, IPOs, mutual funds and bonds.
- ✓ Margin Trading Facility with plan-dependent interest rates.
- ✓ Research-backed stock ideas and market insights.
- ✓ Trading APIs with order-management and market-feed capabilities.
- ✓ Advanced charting, watchlists, screeners and trading tools.
- ✓ Access to investment calculators for brokerage, margin and other financial calculations.
▼ Cons
- ✕ The lowest advertised brokerage requires selecting the applicable paid subscription plan.
- ✕ The Professional Pack has an annual subscription cost.
- ✕ The Freedom Pack's subscription is free for the first year but costs ₹431 annually from the second year.
- ✕ MTF involves interest costs, eligibility requirements and market risk.
- ✕ Brokerage and statutory charges can make the total trading cost higher than the headline per-order fee.
- ✕ Users who rely on API or algorithmic trading may need to understand integration requirements and trading-related risks.
- ✕ Current support response times and service-quality ratings have not been independently verified.
- ✕ Detailed exchange transaction fees should be checked against the current tariff before comparing costs.
Groww
▲ Pros
- ✓ Simple and beginner-friendly trading platform.
- ✓ Fully digital and paperless account opening process.
- ✓ Supports investment in stocks, mutual funds, ETFs, IPOs and F&O.
- ✓ Available on both web and mobile platforms.
- ✓ Transparent brokerage structure.
- ✓ Easy portfolio tracking and fund management.
- ✓ Supports multiple exchanges including NSE, BSE and MCX.
- ✓ Secure online investment platform with modern trading tools.
▼ Cons
- ✕ Limited physical branch network.
- ✕ Research and advisory services are comparatively limited.
- ✕ Call & Trade facility is not available.
- ✕ Advanced trading features may be fewer than some full-service brokers.
- ✕ Customer support response time may vary during peak market hours.
- ✕ Margin funding and premium research offerings are limited compared to some competitors.
Explore more comparisons
Compare Bajaj Broking with
Bajaj Broking vs Zerodha Bajaj Broking vs Upstox Bajaj Broking vs ICICI Direct Bajaj Broking vs Kotak Neo Bajaj Broking vs HDFC Securities Bajaj Broking vs SBI Securities Bajaj Broking vs Motilal Oswal Bajaj Broking vs Paytm Money Bajaj Broking vs Mirae Asset Sharekhan Bajaj Broking vs Axis Direct Bajaj Broking vs 5paisa Bajaj Broking vs Choice Broking Bajaj Broking vs m.Stock Bajaj Broking vs Sahi Bajaj Broking vs FYERS Securities Bajaj Broking vs SMC Global Bajaj Broking vs Anand Rathi Bajaj Broking vs Jainam Broking Limited Bajaj Broking vs Angel OneCompare Groww with
Groww vs Zerodha Groww vs Upstox Groww vs ICICI Direct Groww vs Kotak Neo Groww vs HDFC Securities Groww vs SBI Securities Groww vs Motilal Oswal Groww vs Paytm Money Groww vs Mirae Asset Sharekhan Groww vs Axis Direct Groww vs 5paisa Groww vs Choice Broking Groww vs m.Stock Groww vs Sahi Groww vs FYERS Securities Groww vs SMC Global Groww vs Anand Rathi Groww vs Jainam Broking Limited Groww vs Angel OneDisclaimer: Investments in the securities market are subject to market risks; read all related documents carefully before investing. This page is for information only and is not investment advice. Brokerage, AMC and other charges change frequently — always verify against the broker's official website before opening an account. Affiliate disclosure: "Open account" links are affiliate links and we may earn a commission at no extra cost to you; this does not influence our ratings.