Edelweiss vs Groww Comparision 2022- Brokerage, Margin & Charges

As we are familiar that Edelweiss is a full-service broking. Groww was in the mutual fund industry but recently they also switched to the broking industry and provide you with the buy-sell facility of shares.

Today we will discuss in detail every aspect and you will see Groww vs Edelweiss Comparision. Many of us started our stock market journey by investing in mutual funds.

Mutual funds are safe investments compared to direct equity investments. So if you are having an account in Groww and you are confused that you should open a trading account in Edelweiss or you should stick with your Groww account.

Groww vs Edelweiss Comparision

We will have a deep conversation on Groww vs Edelweiss Comparision, Brokerage, Margin, Charges.

If you want to compare directly between these two then it will be somehow difficult but we will try to normalize things. The main thing we will figure out will be what is more suitable for us.

Edelweiss is India’s one of the top full-service stockbroker as we all know. They are having long experience in discount brokerage services to invest in Equity, Currency, Commodity, IPO, and Direct Mutual Funds.

Groww is a Bangalore based broking firm offering online flat fee discount brokerage services. Groww helps you to invest in Equity, IPO, and Direct Mutual Funds.

Groww is the brand name for Nextbillion Technology Private Limited who is a SEBI registered stockbroker. NTPL is also a member of NSE and BSE.

Groww was established in 2016, Groww initially started as a direct mutual fund investment platform. But in 2020’s Groww expanded its product offering to include Equity trading.

Edelweiss was incorporated in 2008, as the name of Edelweiss Broking Ltd. Its headquarter is situated in Mumbai, India. Edelweiss is a based full- service stockbroking firm. The company is a part of Edelweiss Group, which incorporated in 1995.

It is a leading diversified financial services company. The Retail Broking business of Edelweiss offers facilities to invest & trade in all major asset classes.

So here we will discuss some points about their brokerage plans, margins, charges, maintenance, and customer care service.

The technology they both are using is up to date they work on the best platform to perform and work beyond the broking terminal.

We have also Groww vs Zerodha Comparision 2022- Brokerage, Margin, Charges

Edelweiss Vs Groww Charges

As we all know Edelweiss is a Full Service Broker. It offers trading at BSE, NSE, MCX, NCDEX. Edelweiss has 237 branches across India. Incorporated in 2016, Groww is a Discount Broker. It offers trading at NSE and BSE. It has 0 branches across India.

Edelweiss vs Groww Charges Comparision

Here are some basic differences between the Edelweiss Vs Groww as a individual entity.

Type of Broker Full Service BrokerDiscount Broker
Supported ExchangesBSE, NSE, MCX, NCDEXNSE and BSE
Account TypeEdelweiss LiteStandard Plan
Year of Incorporation20022016
Number of Branches 2370

Now if we talk about their charges both of them offer different type of services as well as defined charges. You can choose anyone from them which you want to go with.

Edelweiss Vs Groww AMC Charges

Edelweiss trading account opening charges is Rs 0 (Free) while Groww account opening changes is Rs 0. Edelweiss Demat Account AMC Charges is Rs 500 (1st Year Free) and Groww Demat Account AMC Charges is Rs 0.

Trading Account Opening Charges Rs 0 (Free)Rs 0
Trading Account AMC Charges Rs 0Rs 0
Demat Account Opening Charges Rs 0 (Free)Rs 0
Demat Account AMC Charges Rs 500 (1st Year Free)Rs 0

Edelweiss Vs Groww Transaction Charges

When we are going to decide about broking houses than first thing comes to our mind is brokerage charges. As we know brokers charges a small fee from us as they trade on behalf of us.

But when you are trading so big then even this amount become so much. So try to go with the low coast transaction charges houses.

Edelweiss transaction charges for options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 5000 per Cr (0.05%) (on premium) while Groww exchange transaction charges for options is NA.

Equity Delivery NSE Rs 325 per Cr (0.00325%) | BSE Rs 275 per Cr (0.00275%) (each side)NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Intraday NSE Rs 325 per Cr (0.00325%) | BSE Rs 275 per Cr (0.00275%) (each side)NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Futures NSE Rs 190 per Cr (0.0019%) | BSE Rs 190 per Cr (0.0019%) (each side)NA
Equity Options NSE Rs 5000 per Cr (0.05%) | BSE Rs 5000 per Cr (0.05%) (on premium)NA
Currency Futures NSE Rs 115 per Cr (0.00115%) | BSE Rs 115 per Cr (0.00115%)NA
Currency Options Rs 4000 per Cr (0.04%) (on premium)NA
Commodity Rs 4000 per Cr (0.04%) (on premium)NA

Edelweiss Vs Groww Brokerage Charges

As we all know we are directly connected to exchange through brokers. So to place orders on our behalf the broker charges some small amount from us on our transaction value.

Edelweiss vs Groww Brokerage Charges Comparision

Edelweiss brokerage charges for equity is Rs 10 per executed order and intraday is Rs 10 per executed order whereas when we compare it with Groww brokerage charges for equity is Rs 20 per executed order or 0.05% whichever is lower and intraday is Rs 20 per executed order or 0.05% whichever is lower.

Brokerage is one of the major expense in trading so beware about it and choose broker very wisely,

Account TypeEdelweissGroww
Fixed Charges NANA
Equity Delivery Brokerage Rs 10 per executed orderRs 20 per executed order or 0.05% whichever is lower
Equity Intraday Brokerage Rs 10 per executed orderRs 20 per executed order or 0.05% whichever is lower
Equity Futures Brokerage Rs 10 per executed orderNA
Equity Options Brokerage Rs 10 per executed orderNA
Currency Futures Trading Brokerage Rs 10 per executed orderNA
Currency Options Trading Brokerage Rs 10 per executed orderNA
Commodity Futures Trading Brokerage Rs10.00 / executed orderNA
Commodity Options Trading Brokerage Rs10.00 / executed orderNA

Edelweiss Vs Groww Leverage (Margin)

For retail people the only thing needs in the market is the margin. If your broker is giving you a good margin then you can expect good returns in the stock market.

With small capital also you will be able to trade a large amount of shares. These profitable trades give you new hope.

Edelweiss provides a margin of Up to 40x for intraday trades whereas the Groww margin for intraday cash is Up to 8x (based on the stock).

So here are some details about how much leverage you can expect from Edelweiss and Groww. The most important thing to work is about their services also.

Equity Delivery Up to 10x1x (no margin)
Equity Intraday Up to 40xUp to 8x (based on the stock)
Equity Futures 40xNA
Equity Options NilNA
Currency Futures 1.5xNA
Currency Options NilNA
Commodity Futures Up to 6xNA
Commodity Options NilNA

Comparision Edelweiss and Groww Features

As when we talk about features in Edelweiss vs Groww then you will see a massive gap here. After analysis of given below table. Many things you will see in the Groww app that are not in Edelweiss.

If you are a pro trader then Groww is not for you. But for beginners, it can be suitable as they are charging less.

The trading platforms offered Edelweiss include Edelweiss.in Web, Mobile Trader, Xtreme Trader (terminal), Edelweiss Xpress. Groww offers Groww trading software.

3 in 1 Account 
Automated Trading 
SMS Alerts 
Online Demo
Online Portfolio 
Margin Trading Funding Available 
Margin Against Shares (Equity Cash) 
Margin Against Shares (Equity F&O) 
Trading Platform Edelweiss.in Web, Mobile Trader, Xtreme Trader (terminal), Edelweiss XpressGroww
Intraday Square-off Time Eq Cash: 3:15 PM
Eq F&O : 3:25 PM
Currency: 4:45 PM
Commodities: 25 min before close
3:10 PM
Other Features Direct Mutual Funds,
APIs for Algo Trading

Edelweiss Vs Groww Research Report

If you are a newbie then these research reports are so useful for doing research as well as gaining more knowledge. These research reports also simplify the financial report of stocks.

If you are thinking of building a portfolio then also these financial reports help you to find out good stocks. These good stocks make the portfolio green. You get huge returns.

Daily Market Report 
Free Tips 
Quarterly Result Analysis 
News Alerts 

Edelweiss Vs Groww – Pros and Cons

Now after analyzing a lot of things we will see Edelweiss Vs Groww – Pros and Cons that will help us to analyze thing in a better way so that thing becomes more clear.

Edelweiss vs Groww pros and cons

Groww Pros-

  • Groww has a simple pricing model with low-cost trading charges.
  • You can go with free Mutual Fund investments with no hidden charges.
  • They offer you zero Account opening fees.
  • Groww has zero Maintenance Charges.
  • If you go with a direct MF platform that helps you earn an extra 1.5% returns.
  • Groww provides you E-books, Resources, and Blogs that provide you with basics and updates on the stock market to help investors make an informed decision.
  • You can get instant paperless account opening.
  • If you are interested in the primary market then you can also apply online IPO application.
  • They provide an in-app Brokerage Calculator
  • They also provide you facility to invest online in digital gold and US Stocks.
  • On other services like F&O like segment, they are working on it.

Edelweiss Pros-

  • Full-service brokers like Edelweiss offering discount brokerage plans.
  • You can trade at flat Rs 10 per executed order across all segments in Edelweiss Lite Plan.
  • They also provide you instant online account opening: Open your Investing & Trading account in less than 15 minutes.
  • They also offer commodity trading on the same trading platform.
  • Edelweiss provides you with free research and trading tips call to all the customers.
  • They also provide you online IPO application.

Now after discussing a lot of pros, we should focus on the cons side also so that we get the best review of Groww vs Edelweiss Comparision.

Groww Cons-

  • They are not providing Limited investment products with no option to currently trade in derivatives (futures & options), commodity, and currency segment.
  • You cannot get here Call and Trade services.
  • They are not having any branches in India so branch supports not available.
  • Like Zerodha they also not provide stock tips, research reports, or recommendations.
  • They do not have MTF (Margin trading facility).
  • You cannot pledge your shares. They provide no margin against shares.
  • Advanced type orders like BO, CO, AMO, and GTT not available.
  • In Groww trailing stop-loss orders are not available in the Groww app.
  • They do not offer NRI Trading.

Edelweiss Cons-

  • In the Edelweiss bracket orders are not available.
  • Good Till canceled orders are not available.
  • Higher minimum brokerage: 3 paise per share in delivery, 1 paisa per share on Intraday and Futures
  • They also offer you call & Trade is available at an additional cost of Rs 20 per call.

Final Words-

Groww and Edelweiss both are good brokers offering low-cost brokerage services to clients.

Groww was established as a direct mutual fund platform. But now they are expanding it more in the equity market. They are offering to other areas like Stocks, Gold, US Stocks, and Fixed Deposits.

Groww offers free account opening with zero maintenance charges that make them different from their competition.

Edelweiss offers services to invest in Equity, Currency, Commodity, IPO, and Direct Mutual Funds. Edelweiss offers brokerage-free Equity delivery trading. But they charge you for intraday.

After a long discussion, we can conclude all this like if you are more like a trader then you should prefer Edelweiss but if you are an investor you can go with Groww also.

Read More About – Best Broker for Stocks in India 2022

Is Groww app trustworthy?

Investing in mutual funds on Groww is completely safe. All personal information is stored using 256-bit encryption. Besides, all transactions to and from AMC are done via BSE.

Which is better coin or Groww?

The Zerodha Coin allows users to search and invest in 40 different asset management companies, but in case of the Groww app offers better features, some of which are described below: Dashboards and analytics: Groww has invested well in a team of analysts who provide good infographics on the various options to invest in

Is Groww safe for trading and long term investment?

Groww is a safe and secured trading platform with SSL certification and 128-bit encryption, one of the most secure encryption methods. Groww is also a SEBI registered broker, a member of NSE and BSE, and an AMFI registered mutual fund distributor. So you can trust it to some extent.

Pradeep Bhakhar
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