IIFL Securities vs Groww
Comparison of charges, features, and platform quality. Both IIFL Securities and Groww are popular choices, but they cater to slightly different types of investors. One is a low-cost discount broker, while the other offers premium full-service features.
Our Verdict
This is a comparison between a Discount Broker (Groww) and a Full-Service Broker (IIFL Securities).
Choose Groww if:
- You want to save massively on brokerage fees.
- You don't need stock tips or a relationship manager.
Choose IIFL Securities if:
- You are a beginner needing guidance & research reports.
- You prefer offline support or a relationship manager.
At a Glance Comparison
| Feature | | |
|---|---|---|
| Broker Type | Full-Service / Hybrid | Discount |
| Account Opening | ₹0 (Free) | ₹0 (Free) |
| AMC (Yearly) | ₹400/year | ₹0 (Free) |
| Equity Delivery | 0.25% | ₹20 or 0.05% |
| Intraday Tradng | 0.025% | ₹20 or 0.05% |
| Active Clients | 12 Lakhs+ | 50 Lakhs+ |
| Rating | 4.1 | 4.7 |
| Best For | Intraday, Investors | Beginners, Mutual Funds |
| Pros |
|
|
| Cons |
|
|
Brokerage Charges Explained
IIFL Securities Fees
For equity delivery, 0.25% applies. If you trade Intraday, you pay 0.025% per order.
This makes it suitable for frequent traders.
Groww Fees
For equity delivery, ₹20 or 0.05% applies. If you trade Intraday, you pay ₹20 or 0.05% per order.
This makes it suitable for investors.
Trading Platform & App
IIFL SecuritiesIIFL Securities's platform is known for being comprehensive. It is generally considered robust for advanced analysis.
GrowwGroww's platform focuses on research and data. Users find it extremely beginner friendly.
Choose IIFL Securities if:
- You are looking for the best platform for Intraday.
- You are looking for the best platform for Investors.
- You prefer full service features.
Choose Groww if:
- You are looking for the best platform for Beginners.
- You are looking for the best platform for Mutual Funds.
- You prefer free amc features.
Pros & Cons Comparison
IIFL Securities
Advantages
- Markets app is good
- Research inputs
- Performance analysis tools
Disadvantages
- Relationship manager calls
- Charges can vary
Groww
Advantages
- Zero Account Opening & AMC Charges
- Extremely simple UI for beginners
- Fast account opening process
Disadvantages
- Charged for equity delivery (unlike Zerodha)
- Limited advanced trading features
- No commodity trading (initially)
