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

Find a Comparison of Groww vs Mandot 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 Mandot Securities.

Background

Year of Incorporation 2017 2014
Website https://groww.in/ https://www.mandotsecurities.com/
Phone +91 9108800604 0731-6620000
Exchanges enabled NSE, BSE, MCX & NCDEX BSE, NSE, MCX
Demat (NSDL/CDSL) NSDL CDSL
Brokerage

Equity Rs 20 or 0.05% per order 0.1% – 0.2% for Delivery & 0.01% – 0.02% for Intraday
Equity Futures Rs 20 per executed order 0.01% – 0.02%
Equity Options Rs 20 per executed order Rs.10 – Rs. 20 per Lot
Currency Futures Not Available 0.01% – 0.02%
Currency Options Not Available Rs.10 – Rs. 20 per Lot
Commodity Not Available Not Available
Account Opening Costs

Trading only Free Rs. 299
Trading & Demat Rs. 0 Rs. 299
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% 0.0002% of Total Turnover
Futures 0.0035% 0.0020% of Total Turnover
Options 0.07% 0.0012% of Total Turnover
Commodities 0.004% Not Available
AMC charge Rs 0 Rs 240 per Annum
DP Transaction Charge Rs.13.5 per Scrip Zero
Offline order placing Charge Rs 25 Nil
Platforms

Software
Web/HTML 5
Mobile
Charting

Intraday 22 days 7 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 2x for Delivery & Upto 6x for Intraday
Equity Futures Upto 2x for intraday Upto 3x
Equity Options No leverage Upto 4x
Currency Futures Upto 2x for intraday Upto 4x
Currency Options No leverage Upto 3x
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 60.42 Lakhs
Profit after Tax FY12/13 Rs 70.48 crores Rs 62.67 Lakhs
Profit after Tax FY13/14 Rs 73.78 Crore Rs 65.29 Lakhs
Profit after Tax FY 14/15 Rs 75.92 Crore Rs 67.58 Lakhs
Profit after Tax FY 15/16 Rs 82.85 Crore Rs 69.93 Lakhs
Profit after Tax FY 16/17 Rs 90.11 Crore Rs 72.45 Lakhs
Profit after Tax FY 17/18 Rs 106.09 Crore Rs 75.60 Lakhs
Profit after Tax FY 18/19 Rs 115.68 Crore Rs 77.81 Lakhs
Profit after Tax FY 19/20 Rs 120.61 Crore Rs 82.47 Lakhs
Profit after Tax FY 20/21 Rs 141.70 Crore Rs 79.63 Lakhs
Profit after Tax FY 21/22 Rs 244.93 Crore Rs 82.62 Lakhs
Profit after Tax FY 22/23 Rs 205.65 Crore Rs 85.38 Lakhs
Debt FY11/12 Rs 51 Crores Rs 10.27 Lakhs
Debt FY12/13 Rs 41.5 Crores Rs 12.42 Lakhs
Debt FY13/14 Rs 42.93 Crores Rs 12.55 Lakhs
Debt FY14/15 Rs 49.48 Crores Rs 13.72 Lakhs
Debt FY15/16 Rs 41.73 Crores Rs 15.75 Lakhs
Debt FY16/17 Rs 54.26 Crores Rs 18.31 Lakhs
Debt FY17/18 Rs 69.77 Crores Rs 19.24 Lakhs
Debt FY18/19 Rs 57.16 Crores Rs 22.68 Lakhs
Debt FY19/20 Rs 51.39 Crores Rs 25.82 Lakhs
Debt FY20/21 Rs 57.47 Crores Rs 28.33 Lakhs
Debt FY21/22 Rs 77.59 Crores Rs 32.29 Lakhs
Debt FY22/23 Rs 80.11 Crores Rs 32.72 Lakhs
Profit to Equity(%) FY11/12 12.90% 10.21%
Profit to Equity(%) FY12/13 12.38% 12.24%
Profit to Equity(%) FY13/14 14.86% 10.88%
Profit to Equity(%) FY14/15 17.05% 12.35%
Profit to Equity(%) FY15/16 14.29% 14.69%
Profit to Equity(%) FY16/17 19.11% 14.75%
Profit to Equity(%) FY17/18 21.51% 15.98%
Profit to Equity(%) FY18/19 18.17% 16.45%
Profit to Equity(%) FY19/20 14.49% 17.21%
Profit to Equity(%) FY20/21 18.46% 18.12%
Profit to Equity(%) FY21/22 14.70% 18.78%
Profit to Equity(%) FY22/23 25.75% 16.19%
Balance Sheet Size FY11/12 Rs 2264 Crores Rs 349.37 Crores
Balance Sheet Size FY12/13 Rs 2596.15 Crores Rs 388.74 Crores
Balance Sheet Size FY13/14 Rs 2803.40 Crores Rs 400.07 Crores
Balance Sheet Size FY14/15 Rs 2936.36 Crores Rs 442.54 Crores
Balance Sheet Size FY15/16 Rs 3133.57 Crores Rs 499.85 Crores
Balance Sheet Size FY16/17 Rs 3544.52 Crores Rs 529.37 Crores
Balance Sheet Size FY17/18 Rs 3952.01 Crores Rs 549.66 Crores
Balance Sheet Size FY18/19 Rs 4280.32 Crores Rs 567.25 Crores
Balance Sheet Size FY19/20 Rs 4476 Crores Rs 588.48 Crores
Balance Sheet Size FY20/21 Rs 4627 Crores Rs 649.37 Crores
Balance Sheet Size FY21/22 Rs 5184.35 Crores Rs 668.11 Crores
Balance Sheet Size FY22/23 Rs 5994.78 Crores Rs 692.36 Crores

Comparison Link:

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

Frequently Asked Questions

Is Groww better than Mandot Securities ?

Groww and Mandot 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 Mandot Securities better than Groww ?

Groww and Mandot 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 Mandot Securities ?

Groww and Mandot 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 Mandot Securities cheaper than Groww ?

Groww and Mandot 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. Mandot Securities ?

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