Groww vs Shoonya by Finvasia – Compare Charges, Trading Features, Offers & more

Find a Comparison of Groww vs Shoonya by Finvasia 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 Shoonya by Finvasia.

Background

Year of Incorporation 2017 2020
Website https://groww.in/ https://shoonya.com/
Phone +91 9108800604 +91-172-474-0000
Exchanges enabled NSE, BSE, MCX & NCDEX BSE, NSE, NCDEX, MCX
Demat (NSDL/CDSL) NSDL CDSL
Brokerage

Equity Rs 20 or 0.05% per order 0
Equity Futures Rs 20 per executed order 0
Equity Options Rs 20 per executed order 0
Currency Futures Not Available 0
Currency Options Not Available 0
Commodity Not Available 0
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
Futures 0.0035% 0
Options 0.07% 0
Commodities 0.004% 0
AMC charge Rs 0 0
DP Transaction Charge Rs.13.5 per Scrip Rs 9 + GST
Offline order placing Charge Rs 25 0
Platforms

Software
Web/HTML 5
Mobile
Charting

Intraday 22 days Yes
End of Day 10 days Yes
Coding/Backtesting
Reporting

Online Trade Reports
Online PNL Reports
Online Contract Notes
Margins

Leverage Provided

Equity 1x on Delivery & upto 5x on Intraday Upto 1x on Delivery & Upto 2x on Intraday
Equity Futures Upto 2x for intraday Upto 1x
Equity Options No leverage Upto 1.5x
Currency Futures Upto 2x for intraday Upto 1.2x
Currency Options No leverage Upto 1.5x
Commodity Upto 2x for intraday Upto 1.5x
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 0
Profit after Tax FY12/13 Rs 70.48 crores 0
Profit after Tax FY13/14 Rs 73.78 Crore 0
Profit after Tax FY 14/15 Rs 75.92 Crore 0
Profit after Tax FY 15/16 Rs 82.85 Crore 0
Profit after Tax FY 16/17 Rs 90.11 Crore 0
Profit after Tax FY 17/18 Rs 106.09 Crore 0
Profit after Tax FY 18/19 Rs 115.68 Crore 0
Profit after Tax FY 19/20 Rs 120.61 Crore Rs 140 Crores
Profit after Tax FY 20/21 Rs 141.70 Crore Rs 225.12 Crores
Profit after Tax FY 21/22 Rs 244.93 Crore Rs 248.93 Crores
Profit after Tax FY 22/23 Rs 205.65 Crore Rs 451.24 Crores
Debt FY11/12 Rs 51 Crores 0
Debt FY12/13 Rs 41.5 Crores 0
Debt FY13/14 Rs 42.93 Crores 0
Debt FY14/15 Rs 49.48 Crores 0
Debt FY15/16 Rs 41.73 Crores 0
Debt FY16/17 Rs 54.26 Crores 0
Debt FY17/18 Rs 69.77 Crores 0
Debt FY18/19 Rs 57.16 Crores 0
Debt FY19/20 Rs 51.39 Crores Rs 5.31 Crores
Debt FY20/21 Rs 57.47 Crores Rs 6.45 Crores
Debt FY21/22 Rs 77.59 Crores Rs 7.63 Crores
Debt FY22/23 Rs 80.11 Crores Rs 6.85 Crores
Profit to Equity(%) FY11/12 12.90% 0
Profit to Equity(%) FY12/13 12.38% 0
Profit to Equity(%) FY13/14 14.86% 0
Profit to Equity(%) FY14/15 17.05% 0
Profit to Equity(%) FY15/16 14.29% 0
Profit to Equity(%) FY16/17 19.11% 0
Profit to Equity(%) FY17/18 21.51% 0
Profit to Equity(%) FY18/19 18.17% 0
Profit to Equity(%) FY19/20 14.49% 3.12%
Profit to Equity(%) FY20/21 18.46% 2.75%
Profit to Equity(%) FY21/22 14.70% 3.94%
Profit to Equity(%) FY22/23 25.75% 4.31%
Balance Sheet Size FY11/12 Rs 2264 Crores 0
Balance Sheet Size FY12/13 Rs 2596.15 Crores 0
Balance Sheet Size FY13/14 Rs 2803.40 Crores 0
Balance Sheet Size FY14/15 Rs 2936.36 Crores 0
Balance Sheet Size FY15/16 Rs 3133.57 Crores 0
Balance Sheet Size FY16/17 Rs 3544.52 Crores 0
Balance Sheet Size FY17/18 Rs 3952.01 Crores 0
Balance Sheet Size FY18/19 Rs 4280.32 Crores 0
Balance Sheet Size FY19/20 Rs 4476 Crores Rs 1503 Crores
Balance Sheet Size FY20/21 Rs 4627 Crores Rs 2314 Crores
Balance Sheet Size FY21/22 Rs 5184.35 Crores Rs 3287.21 Crores
Balance Sheet Size FY22/23 Rs 5994.78 Crores Rs 4821.39 Crores

Comparison Link:

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Groww Vs Edelweiss Capital Shoonya by Finvasia Vs Edelweiss Capital
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Groww Vs Rupeezy Shoonya by Finvasia Vs Rupeezy
Groww Vs Anand Rathi Shoonya by Finvasia Vs Anand Rathi
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Groww Vs Achiievers Shoonya by Finvasia Vs Achiievers
Groww Vs Angel One Shoonya by Finvasia Vs Angel One
Groww Vs Motilal Oswal Shoonya by Finvasia Vs Motilal Oswal
Groww Vs ICICI Direct Shoonya by Finvasia Vs ICICI Direct
Groww Vs Sharekhan Shoonya by Finvasia Vs Sharekhan
Groww Vs Tradesmart Online Shoonya by Finvasia Vs Tradesmart Online
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Frequently Asked Questions

Is Groww better than Shoonya by Finvasia ?

Groww and Shoonya by Finvasia 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 Shoonya by Finvasia better than Groww ?

Groww and Shoonya by Finvasia 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 Shoonya by Finvasia ?

Groww and Shoonya by Finvasia 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 Shoonya by Finvasia cheaper than Groww ?

Groww and Shoonya by Finvasia 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. Shoonya by Finvasia ?

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