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Groww vs ICICI Direct – Compare Charges, Trading Features, Offers & more

Find a Comparison of Groww vs ICICI Direct here. You can compare their brokerage, demat accounts, trading platforms, offers, products & services, support, complaints & more.

This comparison will help you decide which broker is best for you. So, let us go through a detailed comparison of Groww and ICICI Direct.

Background

Year of Incorporation 2017 2000
Website https://groww.in/ https://www.icicidirect.com/
Phone +91 9108800604 022 3355 1122
Exchanges enabled NSE, BSE, MCX & NCDEX NSE & BSE
Demat (NSDL/CDSL) NSDL NSDL & CDSL
Brokerage

Equity Rs 20 or 0.05% per order 0.05% Equity Intraday
Equity Futures Rs 20 per executed order 0.05% or Rs 50 per Trade
Equity Options Rs 20 per executed order 0.05% or Rs 50 per Trade
Currency Futures Rs 0 Rs 20 per executed order
Currency Options Rs 0 Rs 20 per executed order
Commodity Rs 0 Rs 20 per executed order
Account Opening Costs

Trading only Free Free
Trading & Demat Rs. 0 Rs 975 for 3 in 1 Account
Commodity Rs. 0 Rs 0
Transparency & other costs

Double check on if you are paying much higher other/turnover costs, make sure to compare

Equity 0.00325% 0.00325% of Turnover
Futures 0.0035% 0.0019% of Turnover
Options 0.07% 0.05% of Turnover
Commodities 0.004% 0.05% of Turnover
AMC charge Rs 0 Rs 700 per Year
DP Transaction Charge Rs.13.5 per company Rs 25/Transaction or 0.05% whichever higher
Offline order placing Charge Rs 25 0
Platforms

Software
Web/HTML 5
Mobile
Charting

Intraday 22 days 20 Days
End of Day 10 days 10 years
Coding/Backtesting
Reporting

Online Trade Reports
Online PNL Reports
Online Contract Notes
Margins

Leverage Provided

Equity 5x Upto 1x on Delivery & Upto 5x on Intraday
Equity Futures 2x for intraday Upto 4x
Equity Options No leverage Not for buying but upto 2x for shorting
Currency Futures 2x for intraday 1x
Currency Options No leverage 1x
Commodity 2x for intraday 1x
Support & Tools

Research & Tips
Brokerage Calculator
Margin Calculator
Bracket orders & Trailing Stoploss
Training & Education
Convenience

3 in 1 Account
Instant Fund withdrawal
Relationship Managers
Financial Health

Equity & Commodity Consolidated
Look for Brokerages with higher profit, low debt, higher Profit to Equity Ratio   which will indicate the profitability based on capital deployed, and atleast Rs 50 crores Balance sheet size. If a broker is in financial trouble, it will first start showing up on his balance sheet.

Profit after Tax FY11/12 Rs 70.6 crores Rs 77.1 Crores
Profit after Tax FY12/13 Rs 70.48 crores Rs 68.2 Crores
Profit after Tax FY13/14 Rs 73.78 Crore Rs 74.9 Crores
Profit after Tax FY 14/15 Rs 75.92 Crore Rs 79.52 Crores
Profit after Tax FY 15/16 Rs 82.85 Crore Rs 96.88 Crores
Profit after Tax FY 16/17 Rs 90.11 Crore Rs 132.64 Crores
Profit after Tax FY 17/18 Rs 106.09 Crore Rs 100.80 Crores
Profit after Tax FY 18/19 Rs 115.68 Crore Rs 134.63 Crores
Profit after Tax FY 19/20 Rs 120.61 Crore Rs 123.16 Crores
Profit after Tax FY 20/21 Rs 141.70 Crore Rs 85.59 Crores
Profit after Tax FY 21/22 Rs 244.93 Crore Rs 105.82 Crores
Profit after Tax FY 22/23 Rs 205.65 Crore Rs 115.43 Crores
Debt FY11/12 Rs 51 Crores Rs 209 Crores
Debt FY12/13 Rs 41.5 Crores Rs 219 Crores
Debt FY13/14 Rs 42.93 Crore Rs 317 Crores
Debt FY14/15 Rs 49.48 Crore Rs 350.83 Crores
Debt FY15/16 Rs 41.73 Crore Rs 462.09 Crores
Debt FY16/17 Rs 54.26 Crore Rs 335.99 Crores
Debt FY17/18 Rs 69.77 Crore Rs 555.66 Crores
Debt FY18/19 Rs 57.16 Crore Rs 559.36 Crores
Debt FY19/20 Rs 51.39 Crore Rs 389.28 Crores
Debt FY20/21 Rs 57.47 Crore Rs 536.48 Crores
Debt FY21/22 Rs 77.59 Crore Rs 598.99 Crores
Debt FY22/23 Rs 80.11 Crore Rs 582.15 Crores
Profit to Equity(%) FY11/12 62.90 32%
Profit to Equity(%) FY12/13 12.38 21%
Profit to Equity(%) FY13/14 14.86 27.07%
Profit to Equity(%) FY14/15 17.05 29.22%
Profit to Equity(%) FY15/16 14.29 30.63%
Profit to Equity(%) FY16/17 19.11 32.89%
Profit to Equity(%) FY17/18 21.51 41.55%
Profit to Equity(%) FY18/19 18.17 40.19%
Profit to Equity(%) FY19/20 14.49 26.41%
Profit to Equity(%) FY20/21 18.46 33.02%
Profit to Equity(%) FY21/22 14.70 41.00%
Profit to Equity(%) FY22/23 25.75 43.78%
Balance Sheet Size FY11/12 Rs 304 Crores Rs 908 Crores
Balance Sheet Size FY12/13 Rs 296.15 Crores Rs 948 Crores
Balance Sheet Size FY13/14 Rs 333.40 Crore Rs 1620 Crores
Balance Sheet Size FY14/15 Rs 306.36 Crore Rs 1857.26 Crores
Balance Sheet Size FY15/16 Rs 533.57 Crore Rs 1903.86 Crores
Balance Sheet Size FY16/17 Rs 544.52 Crore Rs 1983.64 Crores
Balance Sheet Size FY17/18 Rs 3952.01 Crore Rs 2222.18 Crores
Balance Sheet Size FY18/19 Rs 4280.32 Lakh Rs 2350.41 Crores
Balance Sheet Size FY19/20 Rs 4476 Lakh Rs 2470.58 Crores
Balance Sheet Size FY20/21 Rs 4627 Lakh Rs 2747.85 Crores
Balance Sheet Size FY21/22 Rs 6184.35 Lakh Rs 2921.25 Crores
Balance Sheet Size FY22/23 Rs 5994 Crores Rs 3061.50 Crores

Comparison Link:

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Frequently Asked Questions

Is Groww better than ICICI Direct ?

Groww and ICICI Direct are both discount broker companies. Thus, we need to look at the details such as brokerage charges, account opening fees, trading platforms, and more to find out which is a better stockbroker between them.

Is ICICI Direct better than Groww ?

Groww and ICICI Direct are both discount broker companies. Thus, we need to look at the details such as brokerage charges, account opening fees, trading platforms, and more to find out which is a better stockbroker between them.

Is Groww cheaper than ICICI Direct ?

Groww and ICICI Direct are both discount broker companies. Since these are discount brokers, the brokerage fees are generally on the lower side. The brokerage fee, in general, will be very close for both of these brokers. To find out the cheaper broker for your needs, look at the brokerage charges in detail.

Is ICICI Direct cheaper than Groww ?

Groww and ICICI Direct are both discount broker companies. Since these are discount brokers, the brokerage fees are generally on the lower side. The brokerage fee, in general, will be very close for both of these brokers. To find out the cheaper broker for your needs, look at the brokerage charges in detail.

Which is better Groww vs. ICICI Direct ?

To find out the better of the two stockbrokers Groww and ICICI Direct, compare them based on brokerage charges, trading platforms, Demat account opening fees, research, advisory services, etc.