Goodwill Wealth vs Groww – Compare Charges, Trading Features, Offers & more

Find a Comparison of Goodwill Wealth vs Groww 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 Goodwill Wealth and Groww.

Background

Year of Incorporation 2008 2017
Website https://www.gwcindia.in/ https://groww.in/
Phone 044 4032 9999 +91 9108800604
Exchanges enabled BSE, NSE, MCX NSE, BSE, MCX & NCDEX
Demat (NSDL/CDSL) CDSL NSDL
Brokerage

Equity 0.33% on Delivery & 0.03% on Intraday Rs 20 or 0.05% per order
Equity Futures 0.03% per Executed Order Rs 20 per executed order
Equity Options Rs 30 per lot Rs 20 per executed order
Currency Futures 0.03% per executed order Not Available
Currency Options Rs 30 per lot Not Available
Commodity Rs 30 per lot Not Available
Account Opening Costs

Trading only Rs. 200 Free
Trading & Demat Rs. 200 Rs. 0
Commodity Rs. 200 Rs. 0
Transparency & other costs

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

Equity 0.00325% (NSE) & 0.00375% (BSE) 0.00325%
Futures 0.0019% (NSE & BSE) 0.0035%
Options 0.05% (on premium) 0.07%
Commodities 0.00436% of Turnover 0.004%
AMC charge Rs.350 per Year Rs 0
DP Transaction Charge Rs 30 per Scrip Rs.13.5 per Scrip
Offline order placing Charge Nil Rs 25
Platforms

Software
Web/HTML 5
Mobile
Charting

Intraday 7 Days 22 days
End of Day 5 Years 10 days
Coding/Backtesting
Reporting

Online Trade Reports
Online PNL Reports
Online Contract Notes
Margins

Leverage Provided

Equity Upto 2x for Delivery & Upto 5x for Intraday 1x on Delivery & upto 5x on Intraday
Equity Futures Upto 2x Upto 2x for intraday
Equity Options Upto 5x No leverage
Currency Futures Upto 2x Upto 2x for intraday
Currency Options Upto 3x No leverage
Commodity Upto 5x Upto 2x for intraday
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 10.67 Lakhs Rs 70.6 crores
Profit after Tax FY12/13 Rs 10.71 Lakhs Rs 70.48 crores
Profit after Tax FY13/14 Rs 13.38 Lakhs Rs 73.78 Crore
Profit after Tax FY 14/15 Rs 15.82 Lakhs Rs 75.92 Crore
Profit after Tax FY 15/16 Rs 22.88 Lakhs Rs 82.85 Crore
Profit after Tax FY 16/17 Rs 30.17 Lakhs Rs 90.11 Crore
Profit after Tax FY 17/18 Rs 32.22 Lakhs Rs 106.09 Crore
Profit after Tax FY 18/19 Rs 39.36 Lakhs Rs 115.68 Crore
Profit after Tax FY 19/20 Rs 38.00 Lakhs Rs 120.61 Crore
Profit after Tax FY 20/21 Rs 45.85 Lakhs Rs 141.70 Crore
Profit after Tax FY 21/22 Rs 50.41 Lakhs Rs 244.93 Crore
Profit after Tax FY 22/23 Rs 53.66 Lakhs Rs 205.65 Crore
Debt FY11/12 Rs 12.27 Lakhs Rs 51 Crores
Debt FY12/13 Rs 16.53 Lakhs Rs 41.5 Crores
Debt FY13/14 Rs 16.32 Lakhs Rs 42.93 Crores
Debt FY14/15 Rs 18.71 Lakhs Rs 49.48 Crores
Debt FY15/16 Rs 12.87 Lakhs Rs 41.73 Crores
Debt FY16/17 Rs 19.81 Lakhs Rs 54.26 Crores
Debt FY17/18 Rs 11.07 Lakhs Rs 69.77 Crores
Debt FY18/19 Rs 17.64 Lakhs Rs 57.16 Crores
Debt FY19/20 Rs 19.66 Lakhs Rs 51.39 Crores
Debt FY20/21 Rs 12.46 Lakhs Rs 57.47 Crores
Debt FY21/22 Rs 14.41 Lakhs Rs 77.59 Crores
Debt FY22/23 Rs 16.35 Lakhs Rs 80.11 Crores
Profit to Equity(%) FY11/12 11.13% 12.90%
Profit to Equity(%) FY12/13 13.28% 12.38%
Profit to Equity(%) FY13/14 14.33% 14.86%
Profit to Equity(%) FY14/15 14.42% 17.05%
Profit to Equity(%) FY15/16 18.15% 14.29%
Profit to Equity(%) FY16/17 17.74% 19.11%
Profit to Equity(%) FY17/18 17.53% 21.51%
Profit to Equity(%) FY18/19 18.68% 18.17%
Profit to Equity(%) FY19/20 18.09% 14.49%
Profit to Equity(%) FY20/21 19.37% 18.46%
Profit to Equity(%) FY21/22 20.81% 14.70%
Profit to Equity(%) FY22/23 21.97% 25.75%
Balance Sheet Size FY11/12 Rs 2094.36 Crores Rs 2264 Crores
Balance Sheet Size FY12/13 Rs 2718.97 Crores Rs 2596.15 Crores
Balance Sheet Size FY13/14 Rs 3054.10 Crores Rs 2803.40 Crores
Balance Sheet Size FY14/15 Rs 3146.81 Crores Rs 2936.36 Crores
Balance Sheet Size FY15/16 Rs 3373.32 Crores Rs 3133.57 Crores
Balance Sheet Size FY16/17 Rs 3594.45 Crores Rs 3544.52 Crores
Balance Sheet Size FY17/18 Rs 3875.20 Crore Rs 3952.01 Crores
Balance Sheet Size FY18/19 Rs 4280.67 Lakh Rs 4280.32 Crores
Balance Sheet Size FY19/20 Rs 4503.50 Crores Rs 4476 Crores
Balance Sheet Size FY20/21 Rs 4314.17 Crores Rs 4627 Crores
Balance Sheet Size FY21/22 Rs 5287.38 Crores Rs 5184.35 Crores
Balance Sheet Size FY22/23 Rs 5821.90 Crores Rs 5994.78 Crores

Comparison Link:

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Frequently Asked Questions

Is Goodwill Wealth better than Groww ?

Goodwill Wealth and Groww 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 better than Goodwill Wealth ?

Goodwill Wealth and Groww 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 Goodwill Wealth cheaper than Groww ?

Goodwill Wealth and Groww 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 Groww cheaper than Goodwill Wealth ?

Goodwill Wealth and Groww 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 Goodwill Wealth vs. Groww ?

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