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Groww vs SBICAP Securities – Compare Charges, Trading Features, Offers & more

Find a Comparison of Groww vs SBICAP Securities 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 SBICAP Securities.

Background

Year of Incorporation 2017 2001
Website https://groww.in/ https://www.sbisecurities.in/
Phone +91 9108800604 1800-209-9345
Exchanges enabled NSE, BSE, MCX & NCDEX NSE & BSE
Demat (NSDL/CDSL) NSDL CDSL
Brokerage

Equity Rs 20 or 0.05% per order 0.05% for Intraday, 0.5% for Delivery
Equity Futures Rs 20 per executed order 0.05% of Turnover
Equity Options Rs 20 per executed order Rs 100 per lot
Currency Futures Rs 0 0.03% of Turnover
Currency Options Rs 0 Rs 30 per lot
Commodity Rs 0 Not Available
Account Opening Costs

Trading only Free Free
Trading & Demat Rs. 0 Rs 850
Commodity Rs. 0 Not Available
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%
Options 0.07% 0.05% of Turnover
Commodities 0.004% Not Available
AMC charge Rs 0 Rs 350 per year
DP Transaction Charge Rs.13.5 per company Rs 21 per debit instruction or 0.01% whichever is lower
Offline order placing Charge Rs 25 NIL
Platforms

Software
Web/HTML 5
Mobile
Charting

Intraday 22 days Upto 5 days on ODIN
End of Day 10 days 5 years on ODIN
Coding/Backtesting
Reporting

Online Trade Reports
Online PNL Reports
Online Contract Notes
Margins

Leverage Provided

Equity 5x Upto 5x for Intraday, Upto 2 times for Delivery
Equity Futures 2x for intraday No Intraday Leverage
Equity Options No leverage Upto 3x
Currency Futures 2x for intraday No Intraday Leverage
Currency Options No leverage Upto 3x
Commodity 2x for intraday Not Available
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 4.03 Crores
Profit after Tax FY12/13 Rs 70.48 crores Rs 2.42 Crores
Profit after Tax FY13/14 Rs 73.78 Crore Rs 8.01 Crores
Profit after Tax FY 14/15 Rs 75.92 Crore Rs 7.21 Crores
Profit after Tax FY 15/16 Rs 82.85 Crore Rs 9.17 Crores
Profit after Tax FY 16/17 Rs 90.11 Crore Rs 11.16 Crores
Profit after Tax FY 17/18 Rs 106.09 Crore Rs 12.81 Crores
Profit after Tax FY 18/19 Rs 115.68 Crore Rs 12.04 Crores
Profit after Tax FY 19/20 Rs 120.61 Crore Rs 11.30 Crores
Profit after Tax FY 20/21 Rs 141.70 Crore Rs 14.09 Crores
Profit after Tax FY 21/22 Rs 244.93 Crore Rs 15.68 Crores
Profit after Tax FY 22/23 Rs 205.65 Crore Rs 17.89 Crores
Debt FY11/12 Rs 51 Crores Rs 12.46 Lakhs
Debt FY12/13 Rs 41.5 Crores Rs 14,51 Lakhs
Debt FY13/14 Rs 42.93 Crore Rs 20.1 Lakhs
Debt FY14/15 Rs 49.48 Crore Rs 26.94 Lakh
Debt FY15/16 Rs 41.73 Crore Rs 29.05 Lakh
Debt FY16/17 Rs 54.26 Crore Rs 23.54 Lakh
Debt FY17/18 Rs 69.77 Crore Rs 30.52 Lakh
Debt FY18/19 Rs 57.16 Crore Rs 33.77 Lakh
Debt FY19/20 Rs 51.39 Crore Rs 27.17 Lakh
Debt FY20/21 Rs 57.47 Crore Rs 33.21 Lakh
Debt FY21/22 Rs 77.59 Crore Rs 33.36 Lakh
Debt FY22/23 Rs 80.11 Crore Rs 30.28 Lakh
Profit to Equity(%) FY11/12 62.90 6.09
Profit to Equity(%) FY12/13 12.38 6.75
Profit to Equity(%) FY13/14 14.86 10.72
Profit to Equity(%) FY14/15 17.05 8.65
Profit to Equity(%) FY15/16 14.29 12.85
Profit to Equity(%) FY16/17 19.11 12.87
Profit to Equity(%) FY17/18 21.51 14.75
Profit to Equity(%) FY18/19 18.17 12.05
Profit to Equity(%) FY19/20 14.49 15.18
Profit to Equity(%) FY20/21 18.46 15.66
Profit to Equity(%) FY21/22 14.70 17.13
Profit to Equity(%) FY22/23 25.75 18.68
Balance Sheet Size FY11/12 Rs 304 Crores Rs 127.1 Crores
Balance Sheet Size FY12/13 Rs 296.15 Crores Rs 172.7 Crores
Balance Sheet Size FY13/14 Rs 333.40 Crore Rs 189 Crores
Balance Sheet Size FY14/15 Rs 306.36 Crore Rs 171.25 Crores
Balance Sheet Size FY15/16 Rs 533.57 Crore Rs 141.00 Crores
Balance Sheet Size FY16/17 Rs 544.52 Crore Rs 150.18 Crores
Balance Sheet Size FY17/18 Rs 3952.01 Crore Rs 185.99 Crores
Balance Sheet Size FY18/19 Rs 4280.32 Lakh Rs 212.22 Crores
Balance Sheet Size FY19/20 Rs 4476 Lakh Rs 210.76 Crores
Balance Sheet Size FY20/21 Rs 4627 Lakh Rs 158.79 Crores
Balance Sheet Size FY21/22 Rs 6184.35 Lakh Rs 211.22 Crores
Balance Sheet Size FY22/23 Rs 5994 Crores Rs 190.16 Crores

Comparison Link:

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Frequently Asked Questions

Is Groww better than SBICAP Securities ?

Groww and SBICAP Securities 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 SBICAP Securities better than Groww ?

Groww and SBICAP Securities 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 SBICAP Securities ?

Groww and SBICAP Securities 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 SBICAP Securities cheaper than Groww ?

Groww and SBICAP Securities 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. SBICAP Securities ?

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