Groww vs Alice Blue – Compare Charges, Trading Features, Offers & more

Find a Comparison of Groww vs Alice Blue 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 Alice Blue.

Background

Year of Incorporation 2017 2006
Website https://groww.in/ https://aliceblueonline.com/
Phone +91 9108800604 07314921313
Exchanges enabled NSE, BSE, MCX & NCDEX NSE, BSE, MCX, MCX-SX
Demat (NSDL/CDSL) NSDL NSDL & CDSL
Brokerage

Equity Rs 20 or 0.05% per order 0.05% or Rs 20 (whichever is low) per executed order
Equity Futures Rs 20 per executed order 0.05% or Rs 20 (whichever is low) per executed order
Equity Options Rs 20 per executed order Rs 20 per executed order
Currency Futures Not Available 0.05% or Rs 20 (whichever is low) per executed order
Currency Options Not Available Rs 20 per executed order
Commodity Not Available Rs 20 per executed order
Account Opening Costs

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

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

Equity 0.00325% 0.00325% on Turnover
Futures 0.0035% 0.0021% on Turnover
Options 0.07% Rs 20 per lot
Commodities 0.004% 0.0031% on turnover
AMC charge Rs 0 Free
DP Transaction Charge Rs.13.5 per Scrip Rs 14 per debit instruction
Offline order placing Charge Rs 25 Rs 20 per executed order
Platforms

Software
Web/HTML 5
Mobile
Charting

Intraday 22 days 365 days
End of Day 10 days 10 years
Coding/Backtesting
Reporting

Online Trade Reports
Online PNL Reports
Online Contract Notes
Margins

Leverage Provided

Equity 1x on Delivery & upto 5x on Intraday Upto 5x intraday, 0 for Delivery
Equity Futures Upto 2x for intraday Upto 7x intraday leverage
Equity Options No leverage Upto 5x intraday
Currency Futures Upto 2x for intraday 2x intraday leverage
Currency Options No leverage Buying no leverage, Shorting upto 2x intraday
Commodity Upto 2x for intraday 2x 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 70.6 crores Rs 4.51 Lakh
Profit after Tax FY12/13 Rs 78.48 crores Rs 6.16 Lakh
Profit after Tax FY13/14 Rs 83.78 Crore Rs 6.86 Lakh
Profit after Tax FY 14/15 Rs 95.92 Crore Rs 7.19 Lakh
Profit after Tax FY 15/16 Rs 102.85 Crore Rs 8.05 Lakh
Profit after Tax FY 16/17 Rs 110.14 Crore Rs 9.53 Lakh
Profit after Tax FY 17/18 Rs 126.09 Crore Rs 11.44 Lakh
Profit after Tax FY 18/19 Rs 145.68 Crore Rs 11.56 Lakh
Profit after Tax FY 19/20 Rs 150.61 Crore Rs 11.20 Lakh
Profit after Tax FY 20/21 Rs 151.70 Crore Rs 14.22 Lakh
Profit after Tax FY 21/22 Rs 244.93 Crore Rs 13.18 Lakh
Profit after Tax FY 22/23 Rs 265.65 Crore Rs 16.18 Lakh
Debt FY11/12 Rs 51 Crores Rs 15.61 Lakh
Debt FY12/13 Rs 41.5 Crores Rs 16.84 Lakh
Debt FY13/14 Rs 42.93 Crores Rs 19.98 Lakh
Debt FY14/15 Rs 49.48 Crores Rs 20.17 Lakh
Debt FY15/16 Rs 41.73 Crores Rs 20.96 Lakh
Debt FY16/17 Rs 54.26 Crores Rs 22.37 Lakh
Debt FY17/18 Rs 69.77 Crores Rs 21.85 Lakh
Debt FY18/19 Rs 57.16 Crores Rs 22.76 Lakh
Debt FY19/20 Rs 51.39 Crores Rs 24.74 Lakh
Debt FY20/21 Rs 57.47 Crores Rs 26.71 Lakh
Debt FY21/22 Rs 77.59 Crores Rs 27.14 Lakh
Debt FY22/23 Rs 80.11 Crores Rs 26.36 Lakh
Profit to Equity(%) FY11/12 12.90% 27.55
Profit to Equity(%) FY12/13 12.38% 30.71
Profit to Equity(%) FY13/14 14.86% 30.80
Profit to Equity(%) FY14/15 17.05% 32.38
Profit to Equity(%) FY15/16 14.29% 33.21
Profit to Equity(%) FY16/17 19.11% 32.65
Profit to Equity(%) FY17/18 21.51% 33.72
Profit to Equity(%) FY18/19 18.17% 36.58
Profit to Equity(%) FY19/20 14.49% 35.05
Profit to Equity(%) FY20/21 18.46% 37.28
Profit to Equity(%) FY21/22 14.70% 39.56
Profit to Equity(%) FY22/23 20.75% 38.64
Balance Sheet Size FY11/12 Rs 2264 Crores Rs 9.94 Crores
Balance Sheet Size FY12/13 Rs 2596.15 Crores Rs 10.29 Crores
Balance Sheet Size FY13/14 Rs 2803.40 Crores Rs 8.27 Crores
Balance Sheet Size FY14/15 Rs 2936.36 Crores Rs 9.81 Crores
Balance Sheet Size FY15/16 Rs 3133.57 Crores Rs 10.88 Crores
Balance Sheet Size FY16/17 Rs 3544.52 Crores Rs 15.35 Crores
Balance Sheet Size FY17/18 Rs 3952.01 Crores Rs 12.24 Crores
Balance Sheet Size FY18/19 Rs 4280.32 Crores Rs 16.56 Crores
Balance Sheet Size FY19/20 Rs 4476 Crores Rs 14.46 Crores
Balance Sheet Size FY20/21 Rs 4627 Crores Rs 19.43 Crores
Balance Sheet Size FY21/22 Rs 5184.35 Crores Rs 16.73 Crores
Balance Sheet Size FY22/23 Rs 5994.78 Crores Rs 19.18 Crores

Comparison Link:

Compare Groww Compare Alice Blue
Groww Vs Punch Trade Alice Blue Vs Punch Trade
Groww Vs BlinkX Alice Blue Vs BlinkX
Groww Vs Lemonn Alice Blue Vs Lemonn
Groww Vs Mandot Securities Alice Blue Vs Mandot Securities
Groww Vs HDFC Sky Alice Blue Vs HDFC Sky
Groww Vs Dhan Alice Blue Vs Dhan
Groww Vs Goodwill Wealth Alice Blue Vs Goodwill Wealth
Groww Vs Shoonya by Finvasia Alice Blue Vs Shoonya by Finvasia
Groww Vs NJ Wealth Alice Blue Vs NJ Wealth
Groww Vs Paytm Money Alice Blue Vs Paytm Money
Groww Vs Globe Capital Alice Blue Vs Globe Capital
Groww Vs Finvasia Alice Blue Vs Finvasia
Groww Vs Cholamandalam Securities Alice Blue Vs Cholamandalam Securities
Groww Vs Canara Bank Alice Blue Vs Canara Bank
Groww Vs Axis Direct Alice Blue Vs Axis Direct
Groww Vs 5Paisa Alice Blue Vs 5Paisa
Groww Vs M.stock Alice Blue Vs M.stock
Groww Vs WisdomCapital Alice Blue Vs WisdomCapital
Groww Vs Way2wealth Alice Blue Vs Way2wealth
Groww Vs Ventura Securities Alice Blue Vs Ventura Securities
Groww Vs Navia Markets Ltd Alice Blue Vs Navia Markets Ltd
Groww Vs Tradejini Alice Blue Vs Tradejini
Groww Vs Tata Securities Alice Blue Vs Tata Securities
Groww Vs Swastika Investmart Alice Blue Vs Swastika Investmart
Groww Vs SMC Global Alice Blue Vs SMC Global
Groww Vs SBICAP Securities Alice Blue Vs SBICAP Securities
Groww Vs SASOnline Alice Blue Vs SASOnline
Groww Vs Samco securities Alice Blue Vs Samco securities
Groww Vs RK Global Alice Blue Vs RK Global
Groww Vs Reliance Securities Alice Blue Vs Reliance Securities
Groww Vs Nirmal Bang Alice Blue Vs Nirmal Bang
Groww Vs Master Trust Capital Alice Blue Vs Master Trust Capital
Groww Vs Kotak Securities Alice Blue Vs Kotak Securities
Groww Vs Interactive Brokers Alice Blue Vs Interactive Brokers
Groww Vs IIFL Securities Alice Blue Vs IIFL Securities
Groww Vs Dhani Alice Blue Vs Dhani
Groww Vs IDBI Capital Alice Blue Vs IDBI Capital
Groww Vs HDFC Securities Alice Blue Vs HDFC Securities
Groww Vs Geojit Alice Blue Vs Geojit
Groww Vs Fyers Securities Alice Blue Vs Fyers Securities
Groww Vs Edelweiss Capital Alice Blue Vs Edelweiss Capital
Groww Vs Easytradez Alice Blue Vs Easytradez
Groww Vs Rupeezy Alice Blue Vs Rupeezy
Groww Vs Anand Rathi Alice Blue Vs Anand Rathi
Groww Vs Aditya Birla Money Alice Blue Vs Aditya Birla Money
Groww Vs Achiievers Alice Blue Vs Achiievers
Groww Vs Angel One Alice Blue Vs Angel One
Groww Vs Motilal Oswal Alice Blue Vs Motilal Oswal
Groww Vs ICICI Direct Alice Blue Vs ICICI Direct
Groww Vs Sharekhan Alice Blue Vs Sharekhan
Groww Vs Tradesmart Online Alice Blue Vs Tradesmart Online
Groww Vs Upstox Alice Blue Vs Upstox
Groww Vs Zerodha Alice Blue Vs Zerodha

Frequently Asked Questions

Is Groww better than Alice Blue ?

Groww and Alice Blue 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 Alice Blue better than Groww ?

Groww and Alice Blue 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 Alice Blue ?

Groww and Alice Blue 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 Alice Blue cheaper than Groww ?

Groww and Alice Blue 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. Alice Blue ?

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