Groww vs SBI 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
SBI Securities
Full-Service Broker · since 2006
SBI Securities

Groww vs SBI Securities — quick verdict

Choose Groww if

You want low-cost, self-directed trading

Investing Made Simple

Choose SBI Securities if

You want research and offline support

Investing Made Easy.

Company overview

Groww is a discount broker incorporated in 2016; SBI Securities is a full-service broker incorporated in 2006.

ParameterGrowwSBI Securities
Type of broker Discount Broker Full-Service Broker
Exchange membership NSE · BSE · MCX NSE · BSE · MCX
Year of incorporation 2016 2006 older
Number of branches Not Disclosed 1,000+ SBI Investor Service Centres & Ba
Active clients ~1.29 Crore larger ~13.7 lakh

Charges & AMC

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

ParameterGrowwSBI Securities
Trading a/c opening ₹0 (Free) ₹0 (Free)
Trading a/c AMC ₹0 (Free) ₹0 (Free)
Demat a/c opening ₹0 (Free) ₹0 (Free)
Demat a/c AMC ₹0 (Free) ₹0 (Free for the first year), thereafter as per applicable tariff plan
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 ₹15.34 per debit transaction

Brokerage charges

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

ParameterGrowwSBI Securities
Equity Delivery ₹20 or 0.1% per executed order (whichever is lower, minimum ₹5) 0.50%
Equity Intraday ₹20 or 0.1% per executed order (whichever is lower, minimum ₹5) 0.05%
Equity Futures ₹20 per executed order 0.05%
Equity Options ₹20 per executed order ₹50 per executed order
Currency F&O ₹20 per executed order 0.05%
Commodity F&O ₹20 per executed order 0.05%
Call & Trade Not Available ₹50 per executed order

Transaction charges (exchange turnover)

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

ParameterGrowwSBI 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 SBI Securities — AMC, debit transactions, pledging and remat.

ParameterGrowwSBI 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) ₹15.34 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) — ₹0 (First Year), thereafter as per tariff
Pledge Creation / Invocation — ₹25 + GST per request
Failed Transactions — Nil

Margin & leverage (MTF)

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

ParameterGrowwSBI 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 SBI Securities.

ParameterGrowwSBI 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 SBI Smart, SBI Securities Mobile App, SBI Smart Xpress
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, mutual funds, ETFs and fixed-income products.

Trading platforms & apps

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

ParameterGrowwSBI Securities
Trading platforms offered Groww Web, Groww App SBI Smart, SBI Securities Mobile App, SBI Smart Xpress
Number of platforms 2 3 more choice
Platforms (summary) Groww Web, Groww Mobile App, Groww API SBI Smart, SBI Securities Mobile App, SBI Smart Xpress
Mobile / desktop apps Web, Mobile Web, Mobile, Desktop

User ratings

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

Rated onGrowwSBI Securities
Fees 4.7 better 4.2
Brokerage 4.6 better 4.2
Trading platform 4.8 better 4.3
Customer service 4.3 4.4 better
Research 4.1 4.5 better
Overall 4.6 better 4.3

Investment options

Which investment products Groww and SBI Securities let you access.

ParameterGrowwSBI 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 SBI Securities.

ParameterGrowwSBI Securities
Bracket Order ✕ No ✕ No
Cover Order ✕ No ✕ No
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 SBI Securities.

ParameterGrowwSBI Securities
SEBI registration INZ000301838 INZ000200032
NSE member code 90187 13018
Year of incorporation 2016 2006 longer track record
Net worth Not Publicly Disclosed ₹1,000+ Cr
Exchange memberships NSE · BSE · MCX NSE · BSE · MCX
Latest complaint ratio 0.009% fewer complaints 0.088%

Complaints record

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

ParameterGrowwSBI Securities
Latest financial year 2023–24 2025-26
Exchange NSE NSE
Active clients 95,38,609 larger base 13,69,945
Complaints filed 834 1,208
Complaint ratio 0.009% fewer complaints 0.088%

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.
SBI Securities

▲ Pros

  • ✓ Integrated 3-in-1 account with SBI Bank.
  • ✓ Trusted SBI Group full-service broker.
  • ✓ Comprehensive equity research and investment recommendations.
  • ✓ Trade in Stocks, F&O, IPOs, Mutual Funds, ETFs and Bonds.
  • ✓ Advanced web and mobile trading platforms.
  • ✓ Margin Trading Facility (MTF) available.
  • ✓ Wide branch network and customer support.

▼ Cons

  • ✕ Brokerage charges are higher than discount brokers.
  • ✕ Demat AMC may apply after the promotional period.
  • ✕ Call & Trade service is chargeable.
  • ✕ Advanced trading tools are limited compared to some competitors.
  • ✕ Certain services and brokerage plans have eligibility conditions.
Open Groww Account Open SBI Securities Account

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Compare SBI Securities with

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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.