Groww vs Jainam Broking Limited

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
Jainam Broking Limited
Full-Service Broker · since 2003
Jainam Broking Limited

Groww vs Jainam Broking Limited — quick verdict

Choose Groww if

You want low-cost, self-directed trading

Investing Made Simple

Choose Jainam Broking Limited if

You want research and offline support

Investing with Trust.

Company overview

Groww is a discount broker incorporated in 2016; Jainam Broking Limited is a full-service broker incorporated in 2003.

ParameterGrowwJainam Broking Limited
Type of broker Discount Broker Full-Service Broker
Exchange membership NSE · BSE · MCX NSE · BSE · MCX
Year of incorporation 2016 2003 older
Number of branches Not Disclosed 100+
Active clients ~1.29 Crore larger 2 Lakh+

Charges & AMC

Account-opening and maintenance charges for Groww and Jainam Broking Limited compared side by side.

ParameterGrowwJainam Broking Limited
Trading a/c opening ₹0 (Free) ₹0 (Online)
Trading a/c AMC ₹0 (Free) ₹0
Demat a/c opening ₹0 (Free) ₹0
Demat a/c AMC ₹0 (Free) lower ₹300 + GST 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 ₹15.93 per debit transaction (including GST)

Brokerage charges

How Groww and Jainam Broking Limited price each trading segment, per executed order.

ParameterGrowwJainam Broking Limited
Equity Delivery ₹20 or 0.1% per executed order (whichever is lower, minimum ₹5) 0.30%
Equity Intraday ₹20 or 0.1% per executed order (whichever is lower, minimum ₹5) 0.03%
Equity Futures ₹20 per executed order 0.03%
Equity Options ₹20 per executed order ₹20 per executed order
Currency F&O ₹20 per executed order Not Available
Commodity F&O ₹20 per executed order 0.03%
Call & Trade Not Available ₹20 per executed order

Transaction charges (exchange turnover)

Exchange turnover and clearing charges passed through by Groww and Jainam Broking Limited, per segment.

ParameterGrowwJainam Broking Limited
Equity Delivery NSE: 0.00297% | BSE: 0.00375% NSE: 0.00297% • BSE: 0.00375%
Equity Intraday NSE: 0.00297% | BSE: 0.00375% NSE: 0.00297% • BSE: 0.00375%
Equity Futures NSE: 0.00173% | BSE: 0.00% NSE: 0.00173%
Equity Options NSE: 0.03503% (on premium) | BSE: 0.0325% (on premium) NSE: 0.03503% (on premium)
Currency Futures NSE: 0.00012% | BSE: 0.00005% —
Currency Options NSE: 0.0325% (on premium) | BSE: 0.001% (on premium) —
Commodity Futures MCX: 0.00210% MCX: 0.00210%
Commodity Options MCX: 0.04180% (on premium) MCX: 0.04180% (on premium)

Demat & DP charges

Depository (demat) charges for Groww and Jainam Broking Limited — AMC, debit transactions, pledging and remat.

ParameterGrowwJainam Broking Limited
Demat Account Opening ₹0 (Free) ₹0
Transaction Charges (Sell) Depository ₹3.50 (Male) / ₹3.25 (Female) + Groww ₹16.50 per debit transaction (₹0 for debit value below ₹100) —
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 —
Annual Maintenance Charges (AMC) — ₹300 + GST per year
Debit Transaction Charges — ₹15.93 per debit transaction (including GST)
Pledge / Unpledge Charges — ₹25 + GST per request
Dematerialisation (Demat) — ₹150 per certificate + GST
Rematerialisation (Remat) — ₹150 per certificate + GST
Failed Transactions — Nil

Margin & leverage (MTF)

Intraday and delivery margin / leverage offered by Groww and Jainam Broking Limited.

ParameterGrowwJainam Broking Limited
Equity Delivery 100% of trade value (1x) 100% of trade value (1x)
Equity Intraday As per SEBI peak margin rules (Up to 5x*) VAR + ELM Margin (Up to 5x*)
F&O (Equity/Currency/Commodity) SPAN + Exposure Margin (1x) SPAN + Exposure Margin (As per available margin)
Equity Options (Buy) — Premium Value (Not Applicable)
Equity Options (Sell) — SPAN + Exposure Margin (As per available margin)
Commodity Futures & Options — SPAN + Exposure Margin (As per available margin)

Features & account

Account type and feature availability across Groww and Jainam Broking Limited.

ParameterGrowwJainam Broking Limited
3-in-1 account ✕ No ✕ No
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 Jainam Web, Jainam Mobile App, Jainam Trade Terminal
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. Research Reports, Trading Calls, Advanced Charting, Option Chain, Basket Orders, Price Alerts, eDIS, Margin Trading Facility (MTF), SIP Investment

Trading platforms & apps

Trading terminals, web platforms and mobile apps offered by Groww and Jainam Broking Limited.

ParameterGrowwJainam Broking Limited
Trading platforms offered Groww Web, Groww App Jainam Web, Jainam Mobile App, Jainam Trade Terminal
Number of platforms 2 3 more choice
Platforms (summary) Groww Web, Groww Mobile App, Groww API Jainam Web, Jainam Mobile App, Jainam Trade Terminal
Mobile / desktop apps Web, Mobile Web, Mobile, Desktop

User ratings

User ratings for Groww and Jainam Broking Limited across the key parameters.

Rated onGrowwJainam Broking Limited
Fees 4.7 better 4
Brokerage 4.6 better 4.1
Trading platform 4.8 better 4.2
Customer service 4.3 4.5 better
Research 4.1 4.6 better
Overall 4.6 better 4.2

Investment options

Which investment products Groww and Jainam Broking Limited let you access.

ParameterGrowwJainam Broking Limited
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 Jainam Broking Limited.

ParameterGrowwJainam Broking Limited
Bracket Order ✕ No ✓ Yes better
Cover Order ✕ No ✓ Yes better
BTST ✓ Yes ✓ Yes
After Market (AMO) ✓ Yes ✓ Yes
GTC / GTT ✓ Yes better ✕ No

Safety & credibility

SEBI registration, financial strength and complaint record for Groww and Jainam Broking Limited.

ParameterGrowwJainam Broking Limited
SEBI registration INZ000301838 INZ000209933
NSE member code 90187 90484
Year of incorporation 2016 2003 longer track record
Net worth Not Publicly Disclosed ₹150+ Cr
Exchange memberships NSE · BSE · MCX NSE · BSE · MCX
Latest complaint ratio 0.009% 0.004% fewer complaints

Complaints record

Exchange complaint data for Groww and Jainam Broking Limited — the ratio matters more than the raw count.

ParameterGrowwJainam Broking Limited
Latest financial year 2023–24 2025–26
Exchange NSE NSE
Active clients 95,38,609 larger base 2,08,614
Complaints filed 834 9
Complaint ratio 0.009% 0.004% fewer complaints

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.
Jainam Broking Limited

▲ Pros

  • ✓ Personalized investment advisory and relationship managers.
  • ✓ Strong equity and commodity research support.
  • ✓ Offers stocks, F&O, commodities, IPOs, mutual funds, bonds, SIPs, and insurance.
  • ✓ Easy-to-use web, mobile, and desktop trading platforms.
  • ✓ Good customer support with regional branch presence.
  • ✓ Suitable for long-term investors seeking research-backed recommendations.

▼ Cons

  • ✕ Brokerage charges are higher than discount brokers.
  • ✕ Annual Demat AMC is applicable.
  • ✕ Limited branch network compared to larger national brokers.
  • ✕ Call & Trade charges apply.
  • ✕ Advanced wealth management services may be available only for select clients.
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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.