Groww vs HDFC Securities

A full side-by-side comparison of brokerage charges, demat AMC, margin, platforms, features and user ratings — updated for 2026.

Groww
Groww
Discount Broker · since 2016
VS
HDFC Securities
Full-Service Broker · since 2000
HDFC Securities

Groww vs HDFC Securities — quick verdict

Choose Groww if

You want low-cost, self-directed trading

Investing Made Simple

Choose HDFC Securities if

You want research and offline support

Invest Right. Invest Now.

Company overview

Groww is a discount broker incorporated in 2016; HDFC Securities is a full-service broker incorporated in 2000.

ParameterGrowwHDFC Securities
Type of broker Discount Broker Full-Service Broker
Exchange membership NSE · BSE · MCX NSE · BSE · MCX
Year of incorporation 2016 2000 older
Number of branches Not Disclosed 200+
Active clients ~1.29 Crore larger ~14.6 Lakh

Charges & AMC

Account-opening and maintenance charges for Groww and HDFC Securities compared side by side.

ParameterGrowwHDFC Securities
Trading a/c opening ₹0 (Free) ₹999 + GST
Trading a/c AMC ₹0 (Free) ₹0 (Free)
Demat a/c opening ₹0 (Free) ₹0 (Free)
Demat a/c AMC ₹0 (Free) lower ₹750 per year*
DP charges (per ISIN, sell) Depository ₹3.50 (Male) / ₹3.25 (Female) + Groww ₹16.50 per debit transaction (₹0 for debit value below ₹100) lower ₹18.50 + GST per debit transaction

Brokerage charges

How Groww and HDFC Securities price each trading segment, per executed order.

ParameterGrowwHDFC Securities
Equity Delivery ₹20 or 0.1% per executed order (whichever is lower, minimum ₹5) 0.10%
Equity Intraday ₹20 or 0.1% per executed order (whichever is lower, minimum ₹5) 0.03%
Equity Futures ₹20 per executed order ₹20 per executed order or 0.03% (whichever is lower)
Equity Options ₹20 per executed order ₹20 per executed order
Currency F&O ₹20 per executed order ₹20 per executed order
Commodity F&O ₹20 per executed order ₹20 per executed order
Call & Trade Not Available ₹20 per executed order

Transaction charges (exchange turnover)

Exchange turnover and clearing charges passed through by Groww and HDFC Securities, per segment.

ParameterGrowwHDFC Securities
Equity Delivery NSE: 0.00297% | BSE: 0.00375% NSE ₹297 per Cr (0.00297%) | BSE ₹297 per Cr (0.00297%)
Equity Intraday NSE: 0.00297% | BSE: 0.00375% NSE ₹297 per Cr (0.00297%) | BSE ₹297 per Cr (0.00297%)
Equity Futures NSE: 0.00173% | BSE: 0.00% NSE ₹173 per Cr (0.00173%) | BSE ₹173 per Cr (0.00173%)
Equity Options NSE: 0.03503% (on premium) | BSE: 0.0325% (on premium) NSE ₹3,503 per Cr (0.03503%) | BSE ₹3,250 per Cr (0.0325%)
Currency Futures NSE: 0.00012% | BSE: 0.00005% NSE ₹35 per Cr (0.00035%) | BSE ₹35 per Cr (0.00035%)
Currency Options NSE: 0.0325% (on premium) | BSE: 0.001% (on premium) NSE ₹3,100 per Cr (0.0311%) | BSE ₹1,000 per Cr (0.01%)
Commodity Futures MCX: 0.00210% MCX ₹260 per Cr (0.00260%)
Commodity Options MCX: 0.04180% (on premium) MCX ₹5,000 per Cr (0.05%)

Demat & DP charges

Depository (demat) charges for Groww and HDFC Securities — AMC, debit transactions, pledging and remat.

ParameterGrowwHDFC Securities
Demat Account Opening ₹0 (Free) ₹0 (Free)
Transaction Charges (Sell) Depository ₹3.50 (Male) / ₹3.25 (Female) + Groww ₹16.50 per debit transaction (₹0 for debit value below ₹100) ₹18.50 + GST per debit transaction
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 ₹25 per certificate + applicable charges
Failed Demat Transaction ₹50 per ISIN —
Annual Maintenance Charges (AMC) — ₹750 per year*
Pledge Creation / Invocation — ₹25 + GST per request
Failed Transactions — Nil

Margin & leverage (MTF)

Intraday and delivery margin / leverage offered by Groww and HDFC Securities.

ParameterGrowwHDFC Securities
Equity Delivery 100% of trade value (1x) 100% of trade value (1x)
Equity Intraday As per SEBI peak margin rules (Up to 5x*) As per SEBI peak margin norms (Up to 5x)
F&O (Equity/Currency/Commodity) SPAN + Exposure Margin (1x) SPAN + Exposure Margin (1x)

Features & account

Account type and feature availability across Groww and HDFC Securities.

ParameterGrowwHDFC Securities
3-in-1 account ✕ No ✓ Yes better
Automated / API trading ✓ Yes better ✕ No
Margin Trading (MTF) ✓ Yes ✓ Yes
Trading in SME shares ✓ Yes ✓ Yes
Trading platforms Groww Web, Groww Mobile App, Groww API HDFC SKY, HDFC Securities Mobile App, ProTerminal, InvestRight
Intraday square-off 3:20 PM 3:15 PM
Other Stock SIP, Option Chain, Price Alerts, Advanced Charts, Watchlists, Portfolio Tracking, Margin Trading Facility (MTF), IPO Investment, Direct Mutual Funds. 3-in-1 account, MTF, research reports, IPO investment, basket orders, option chain, mutual funds, ETFs and bonds.

Trading platforms & apps

Trading terminals, web platforms and mobile apps offered by Groww and HDFC Securities.

ParameterGrowwHDFC Securities
Trading platforms offered Groww Web, Groww App HDFC SKY, HDFC Securities Mobile App, ProTerminal, InvestRight
Number of platforms 2 4 more choice
Platforms (summary) Groww Web, Groww Mobile App, Groww API HDFC SKY, HDFC Securities Mobile App, ProTerminal, InvestRight
Mobile / desktop apps Web, Mobile Web + Mobile, Mobile, Desktop, Web

User ratings

User ratings for Groww and HDFC Securities across the key parameters.

Rated onGrowwHDFC Securities
Fees 4.7 better 4.3
Brokerage 4.6 better 4.4
Trading platform 4.8 better 4.7
Customer service 4.3 4.3
Research 4.1 4.5 better
Overall 4.6 better 4.4

Investment options

Which investment products Groww and HDFC Securities let you access.

ParameterGrowwHDFC Securities
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 Groww and HDFC Securities.

ParameterGrowwHDFC Securities
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 Groww and HDFC Securities.

ParameterGrowwHDFC Securities
SEBI registration INZ000301838 INZ000186937
NSE member code 90187 06586
Year of incorporation 2016 2000 longer track record
Net worth Not Publicly Disclosed ₹3,300+ Crore
Exchange memberships NSE · BSE · MCX NSE · BSE · MCX
Latest complaint ratio 0.009% fewer complaints 0.175%

Complaints record

Exchange complaint data for Groww and HDFC Securities — the ratio matters more than the raw count.

ParameterGrowwHDFC Securities
Latest financial year 2023–24 2025-26
Exchange NSE NSE
Active clients 95,38,609 larger base 15,39,103
Complaints filed 834 2,690
Complaint ratio 0.009% fewer complaints 0.175%

Pros & cons

The main advantages and drawbacks of each broker.

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.
HDFC Securities

▲ Pros

  • ✓ Integrated 3-in-1 account with HDFC Bank.
  • ✓ Comprehensive research reports and expert recommendations.
  • ✓ Advanced web, mobile and desktop trading platforms.
  • ✓ Investment in Stocks, F&O, IPOs, Mutual Funds, ETFs and Bonds.
  • ✓ Margin Trading Facility (MTF) available.
  • ✓ Strong brand reputation with nationwide presence.
  • ✓ Dedicated relationship manager for eligible customers.

▼ Cons

  • ✕ Brokerage charges are higher than discount brokers.
  • ✕ Annual Maintenance Charges apply for demat accounts.
  • ✕ Call & Trade service is chargeable.
  • ✕ Some advanced trading tools are available only to eligible customers.
  • ✕ Margin benefits depend on the applicable product and segment.
Open Groww Account Open HDFC Securities Account

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Compare HDFC Securities with

HDFC Securities vs Zerodha HDFC Securities vs Angel One HDFC Securities vs Upstox HDFC Securities vs ICICIdirect HDFC Securities vs Kotak Neo HDFC Securities vs SBI Securities HDFC Securities vs Motilal Oswal Financial Services Limited (MOFSL) HDFC Securities vs Paytm Money Limited HDFC Securities vs Mirae Asset Sharekhan Limited
Disclaimer: 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.