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

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

Background

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

Equity 0 Rs 20 or 0.05% per order
Equity Futures 0 Rs 20 per executed order
Equity Options 0 Rs 20 per executed order
Currency Futures 0 Not Available
Currency Options 0 Not Available
Commodity 0 Not Available
Account Opening Costs

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

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

Equity 0 0.00325%
Futures 0 0.0035%
Options 0 0.07%
Commodities 0 0.004%
AMC charge 0 Rs 0
DP Transaction Charge Rs 9 + GST Rs.13.5 per Scrip
Offline order placing Charge 0 Rs 25
Platforms

Software
Web/HTML 5
Mobile
Charting

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

Online Trade Reports
Online PNL Reports
Online Contract Notes
Margins

Leverage Provided

Equity Upto 1x on Delivery & Upto 2x on Intraday 1x on Delivery & upto 5x on Intraday
Equity Futures Upto 1x Upto 2x for intraday
Equity Options Upto 1.5x No leverage
Currency Futures Upto 1.2x Upto 2x for intraday
Currency Options Upto 1.5x No leverage
Commodity Upto 1.5x 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 0 Rs 70.6 crores
Profit after Tax FY12/13 0 Rs 70.48 crores
Profit after Tax FY13/14 0 Rs 73.78 Crore
Profit after Tax FY 14/15 0 Rs 75.92 Crore
Profit after Tax FY 15/16 0 Rs 82.85 Crore
Profit after Tax FY 16/17 0 Rs 90.11 Crore
Profit after Tax FY 17/18 0 Rs 106.09 Crore
Profit after Tax FY 18/19 0 Rs 115.68 Crore
Profit after Tax FY 19/20 Rs 140 Crores Rs 120.61 Crore
Profit after Tax FY 20/21 Rs 225.12 Crores Rs 141.70 Crore
Profit after Tax FY 21/22 Rs 248.93 Crores Rs 244.93 Crore
Profit after Tax FY 22/23 Rs 451.24 Crores Rs 205.65 Crore
Debt FY11/12 0 Rs 51 Crores
Debt FY12/13 0 Rs 41.5 Crores
Debt FY13/14 0 Rs 42.93 Crores
Debt FY14/15 0 Rs 49.48 Crores
Debt FY15/16 0 Rs 41.73 Crores
Debt FY16/17 0 Rs 54.26 Crores
Debt FY17/18 0 Rs 69.77 Crores
Debt FY18/19 0 Rs 57.16 Crores
Debt FY19/20 Rs 5.31 Crores Rs 51.39 Crores
Debt FY20/21 Rs 6.45 Crores Rs 57.47 Crores
Debt FY21/22 Rs 7.63 Crores Rs 77.59 Crores
Debt FY22/23 Rs 6.85 Crores Rs 80.11 Crores
Profit to Equity(%) FY11/12 0 12.90%
Profit to Equity(%) FY12/13 0 12.38%
Profit to Equity(%) FY13/14 0 14.86%
Profit to Equity(%) FY14/15 0 17.05%
Profit to Equity(%) FY15/16 0 14.29%
Profit to Equity(%) FY16/17 0 19.11%
Profit to Equity(%) FY17/18 0 21.51%
Profit to Equity(%) FY18/19 0 18.17%
Profit to Equity(%) FY19/20 3.12% 14.49%
Profit to Equity(%) FY20/21 2.75% 18.46%
Profit to Equity(%) FY21/22 3.94% 14.70%
Profit to Equity(%) FY22/23 4.31% 25.75%
Balance Sheet Size FY11/12 0 Rs 2264 Crores
Balance Sheet Size FY12/13 0 Rs 2596.15 Crores
Balance Sheet Size FY13/14 0 Rs 2803.40 Crores
Balance Sheet Size FY14/15 0 Rs 2936.36 Crores
Balance Sheet Size FY15/16 0 Rs 3133.57 Crores
Balance Sheet Size FY16/17 0 Rs 3544.52 Crores
Balance Sheet Size FY17/18 0 Rs 3952.01 Crores
Balance Sheet Size FY18/19 0 Rs 4280.32 Crores
Balance Sheet Size FY19/20 Rs 1503 Crores Rs 4476 Crores
Balance Sheet Size FY20/21 Rs 2314 Crores Rs 4627 Crores
Balance Sheet Size FY21/22 Rs 3287.21 Crores Rs 5184.35 Crores
Balance Sheet Size FY22/23 Rs 4821.39 Crores Rs 5994.78 Crores

Comparison Link:

Compare Shoonya by Finvasia Compare Groww
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Frequently Asked Questions

Is Shoonya by Finvasia better than Groww ?

Shoonya by Finvasia 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 Shoonya by Finvasia ?

Shoonya by Finvasia 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 Shoonya by Finvasia cheaper than Groww ?

Shoonya by Finvasia 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 Shoonya by Finvasia ?

Shoonya by Finvasia 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 Shoonya by Finvasia vs. Groww ?

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