Groww vs M.stock – Compare Charges, Trading Features, Offers & more

Find a Comparison of Groww vs M.stock 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 M.stock.

Background

Year of Incorporation 2017 1985
Website https://groww.in/ https://www.mstock.com/
Phone +91 9108800604 1800-210-0818
Exchanges enabled NSE, BSE, MCX & NCDEX NSE, BSE, NFO, MCX & NCDEX
Demat (NSDL/CDSL) NSDL CDSL
Brokerage

Equity Rs 20 or 0.05% per order Zero
Equity Futures Rs 20 per executed order Zero
Equity Options Rs 20 per executed order Zero
Currency Futures Not Available Zero
Currency Options Not Available Zero
Commodity Not Available Not Available
Account Opening Costs

Trading only Free Rs 999 for Lifetime
Trading & Demat Rs. 0 Rs 999 for Lifetime
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% of Turnover
Options 0.07% 0.05% of Turnover
Commodities 0.004% Not Available
AMC charge Rs 0 Rs 120 every quarter or Rs 999 Lifetime
DP Transaction Charge Rs.13.5 per Scrip Rs 18 per Transaction
Offline order placing Charge Rs 25 Free
Platforms

Software
Web/HTML 5
Mobile
Charting

Intraday 22 days 5 Days
End of Day 10 days 5 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 4x for Intraday & Upto 1x for Delivery
Equity Futures Upto 2x for intraday Upto 1x for Intraday
Equity Options No leverage Upto 1x
Currency Futures Upto 2x for intraday Upto 1x
Currency Options No leverage Upto 1x
Commodity Upto 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 124.68 Crores
Profit after Tax FY12/13 Rs 78.48 crores Rs 230.99 Crores
Profit after Tax FY13/14 Rs 83.78 Crore Rs 339.19 Crores
Profit after Tax FY 14/15 Rs 95.92 Crore Rs 236.00 Crores
Profit after Tax FY 15/16 Rs 102.85 Crore Rs 245.83 Crores
Profit after Tax FY 16/17 Rs 110.14 Crore Rs 354.82 Crores
Profit after Tax FY 17/18 Rs 126.09 Crore Rs 363.61 Crores
Profit after Tax FY 18/19 Rs 145.68 Crore Rs 474.66 Crores
Profit after Tax FY 19/20 Rs 120.61 Crore Rs 589.85 Crores
Profit after Tax FY 20/21 Rs 141.70 Crore Rs 696.63 Crores
Profit after Tax FY 21/22 Rs 244.93 Crore Rs 702.87 Crores
Profit after Tax FY 22/23 Rs 205.65 Crore Rs 839.18 Crores
Debt FY11/12 Rs 101 Crores Rs 70.61 Crores
Debt FY12/13 Rs 161.5 Crores Rs 68.69 Crores
Debt FY13/14 Rs 282.93 Crores Rs 67.59 Crores
Debt FY14/15 Rs 249.48 Crores Rs 95.48 Crores
Debt FY15/16 Rs 241.73 Crores Rs 105.86 Crores
Debt FY16/17 Rs 314.26 Crores Rs 112.54 Crores
Debt FY17/18 Rs 369.77 Crores Rs 95.70 Crores
Debt FY18/19 Rs 397.16 Crores Rs 115.70 Crores
Debt FY19/20 Rs 451.39 Crores Rs 120.00 Crores
Debt FY20/21 Rs 537.47 Crores Rs 131.84 Crores
Debt FY21/22 Rs 577.59 Crores Rs 148.71 Crores
Debt FY22/23 Rs 580.11 Crores Rs 156.05 Crores
Profit to Equity(%) FY11/12 12.90% 7.70
Profit to Equity(%) FY12/13 12.38% 7.68
Profit to Equity(%) FY13/14 14.86% 8.92
Profit to Equity(%) FY14/15 17.05% 8.79
Profit to Equity(%) FY15/16 14.29% 8.79
Profit to Equity(%) FY16/17 19.11% 10.41
Profit to Equity(%) FY17/18 21.51% 15.66
Profit to Equity(%) FY18/19 18.17% 14.77
Profit to Equity(%) FY19/20 18.49% 14.70
Profit to Equity(%) FY20/21 28.58% 18.22
Profit to Equity(%) FY21/22 32.31% 17.76
Profit to Equity(%) FY22/23 22.24% 19.13
Balance Sheet Size FY11/12 Rs 2264 Crores Rs 918.34 Crores
Balance Sheet Size FY12/13 Rs 2596.15 Crores Rs 999.30 Crores
Balance Sheet Size FY13/14 Rs 2803.40 Crores Rs 1076.69 Crores
Balance Sheet Size FY14/15 Rs 2936.36 Crores Rs 1116.18 Crores
Balance Sheet Size FY15/16 Rs 3133.57 Crores Rs 1238.44 Crores
Balance Sheet Size FY16/17 Rs 3544.52 Crores Rs 1275.93 Crores
Balance Sheet Size FY17/18 Rs 3952.01 Crores Rs 1948.16 Crores
Balance Sheet Size FY18/19 Rs 4280.32 Crores Rs 2225.87 Crores
Balance Sheet Size FY19/20 Rs 4476 Crores Rs 2419.28 Crores
Balance Sheet Size FY20/21 Rs 4627 Crores Rs 2621.79 Crores
Balance Sheet Size FY21/22 Rs 5184.35 Crores Rs 2820.52 Crores
Balance Sheet Size FY22/23 Rs 5994.78 Crores Rs 3029.25 Crores

Comparison Link:

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Frequently Asked Questions

Which is better, Groww or M.stock?

Groww Securities and M.stock are both discount broker companies. Thus, to determine which is a better stockbroker, we need to examine details such as brokerage charges, account opening fees, trading platforms, and more.

Do Groww and M.stock offer mobile trading apps?

Yes, both Groww Securities and M.stock provide mobile trading apps for better user interface and seamless trading experience.

What are the account opening charges for M.stock and Groww?

The account opening charges by brokers Groww and M.stock for both trading and demat are zero. Charges may vary, kindly read the above comparison.

Which broker has a better reputation for reliability?

Both Groww and M.stock are SEBI-registered brokers with good reputations. Groww is known for its trading platforms, while M.stock is praised for cost-effective pricing.

Do both brokers provide margin trading facilities?

Yes, both Groww and M.stock offer margin trading facilities. However, terms, interest rates, and leverage limits vary, so reviewing their policies is essential.