Groww and Bajaj Broking are two stockbrokers that investors often compare for brokerage charges, products, trading platforms, and account costs. Groww is listed as a Private Discount Broker , established in 2016 and headquartered in Bangalore, while Bajaj Broking is listed as a Public Discount Broker , established in 2010 and headquartered in Pune, Maharashtra.
This comparison reviews brokerage, Demat charges, product availability, platforms, features, support, ratings, and complaints. Use the side-by-side tables below to see whether Groww or Bajaj Broking is a better fit for your investment style, platform preference, and budget.
Groww is listed as a Private Discount Broker established in 2016 with headquarters in Bangalore and founded by Lalit Keshre. The broker highlights access to equity delivery, equity intraday, equity futures, equity options and mutual funds through mobile app access and web trading and promotes features such as watchlists, real-time updates, portfolio tracking, online mutual fund access, interactive charts and live market tracking. It follows a Standard Plan brokerage structure.
Bajaj Broking is listed as a Public Discount Broker established in 2010 with headquarters in Pune, Maharashtra and founded by Jamnalal Bajaj. It offers equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and mutual funds using mobile app access, web trading, desktop terminal access and algo trading support and supports traders with features such as watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and stock tips. Its brokerage model is structured as Freedom Pack, Professional Pack, Signature Pack.
Both brokers use technology-driven platforms to attract active traders and investors, but the better option depends on the combination of pricing, products, services, and support that matters most to you.
Groww vs Bajaj Broking — A Comprehensive Company Overview
| Company Overview | Groww | Bajaj Broking |
|---|---|---|
| Company Type | Private | Public |
| Broker Type | Discount Broker | Discount Broker |
| Headquarters | Bangalore | Pune, Maharashtra |
| Founder | Lalit Keshre | Jamnalal Bajaj |
| Establishment Year | 2016 | 2010 |
| Brokerage Plan | Standard Plan | Freedom Pack, Professional Pack, Signature Pack |
Brokerage is the primary cost to compare when choosing a broker. Below is a segment-by-segment breakdown for Groww and Bajaj Broking.
Equity delivery: This charge applies to buy-and-hold stock positions held beyond one trading session. Groww charges Rs.20 per Order or 0.05% (whichever is low) while Bajaj Broking charges Starting ₹10 per order (Freedom Pack ₹20).
Equity intraday: This charge applies to buy-sell positions closed within the same trading day. Groww charges Rs.20 per Order or 0.05% (whichever is low) while Bajaj Broking charges Starting ₹10 per order (Freedom Pack ₹20).
Equity futures: This charge applies to futures contracts on stocks and indices. Groww charges Rs.20 per Order or 0.05% (whichever is low) while Bajaj Broking charges Starting ₹10 per order (Freedom Pack ₹20).
Equity options: This charge applies to equity option contracts. Groww charges Rs.20 per Order while Bajaj Broking charges Starting ₹10 per order (Freedom Pack ₹20).
Commodity futures: This charge covers commodities such as gold, silver, and crude oil. Groww charges Rs.20 per Order while Bajaj Broking charges Starting ₹10 per order (Freedom Pack ₹20).
Commodity options: This charge applies to option contracts on commodity instruments. Groww charges Rs.20 per Order while Bajaj Broking charges Starting ₹10 per order (Freedom Pack ₹20).
Currency futures: This charge allows participation in forex price movements on the exchange. Groww charges Rs.20 per Order . Bajaj Broking does not currently list a charge for this segment.
Currency options: This charge enables traders to hedge or speculate on currency fluctuations. Groww charges Rs.20 per Order . Bajaj Broking does not currently list a charge for this segment.
Groww vs Bajaj Broking — Detailed Brokerage Comparison
| Brokerage | Groww | Bajaj Broking |
|---|---|---|
| Brokerage Plan | Standard Plan | Freedom Pack, Professional Pack, Signature Pack |
| Subscription Charges | Zero | Freedom: free for 1st year, then ₹431 per year | Professional: ₹2,500 per year |
| Equity Delivery | Rs.20 per Order or 0.05% (whichever is low) | Starting ₹10 per order (Freedom Pack ₹20) |
| Equity Intraday | Rs.20 per Order or 0.05% (whichever is low) | Starting ₹10 per order (Freedom Pack ₹20) |
| Equity Future | Rs.20 per Order or 0.05% (whichever is low) | Starting ₹10 per order (Freedom Pack ₹20) |
| Equity Option | Rs.20 per Order | Starting ₹10 per order (Freedom Pack ₹20) |
| Commodity Future | Rs.20 per Order | Starting ₹10 per order (Freedom Pack ₹20) |
| Commodity Option | Rs.20 per Order | Starting ₹10 per order (Freedom Pack ₹20) |
| Currency Future | Rs.20 per Order | N/A |
| Currency Option | Rs.20 per Order | N/A |
Groww provides mobile app access and web trading for order placement, portfolio tracking, and market monitoring. Bajaj Broking provides mobile app access, web trading, desktop terminal access and algo trading support for its users.
Android app: Groww and Bajaj Broking both list an Android trading app.
iOS app: Groww and Bajaj Broking both list an iOS trading app.
Web trading platform: Groww and Bajaj Broking both list a web trading platform.
Desktop trading terminal: Bajaj Broking lists a desktop trading terminal, while Groww does not currently mention it.
Algo trading: Bajaj Broking lists algo trading support, while Groww does not currently mention it.
Basket trading: Neither broker currently highlights basket trading.
Foreign stocks platform: Neither broker currently highlights foreign stocks access.
Mutual fund platform: Groww and Bajaj Broking both list a mutual fund investment platform.
Digital gold platform: Neither broker currently highlights digital gold investing.
Bonds platform: Bajaj Broking lists a bonds investment platform, while Groww does not currently mention it.
Groww vs Bajaj Broking — Complete Comparison of Trading Platforms
| Trading Platform | Groww | Bajaj Broking |
|---|---|---|
| Android App | Groww Android App Link | Yes |
| iOS App | Groww iOS App Link | Yes |
| Web Trading Platform | Groww Web Trading Link | Yes |
| Trading Terminal | NA | Yes |
| Algo Trading Platform | NA | Yes |
| Foreign Stocks Platform | NA | N/A |
| Basket Trading Platform | NA | N/A |
| Mutual Fund Platform | Available | Yes |
| Digital Gold Platform | NA | N/A |
| Bonds Platform | NA | Yes |
Groww highlights trading features including watchlists, real-time updates, portfolio tracking, online mutual fund access, interactive charts and live market tracking, while Bajaj Broking promotes watchlists, real-time updates, portfolio tracking, online mutual fund access, research reports and stock tips. The table below shows the full feature set for both brokers side by side.
Wishlist: Monitor specific stocks or assets by adding them to a watchlist for close tracking. Both Groww and Bajaj Broking offer this feature.
Real time updates: Get timely updates on market trends, stock prices, and other market data. Both Groww and Bajaj Broking offer this feature.
Portfolio details: A detailed snapshot of all investments — stocks, bonds, and commodities — in one place. Both Groww and Bajaj Broking offer this feature.
Online mf buy: Buy or sell mutual funds directly from the trading platform or mobile application. Both Groww and Bajaj Broking offer this feature.
Research reports: A comprehensive overview of different stocks and sectors in the stock market. Bajaj Broking offers this; Groww does not currently highlight it.
Stock tips: Valuable tips on stocks to buy, hold, or sell based on market trends. Bajaj Broking offers this; Groww does not currently highlight it.
Interactive charts: Visual price movement charts to help analyse when to buy or sell. Both Groww and Bajaj Broking offer this feature.
Live market: Live updates on market movements and trends. Both Groww and Bajaj Broking offer this feature.
Secure platform: A secure trading environment with next-generation security controls. Groww offers this; Bajaj Broking does not currently highlight it.
Groww vs Bajaj Broking — Comprehensive Comparison of Trading Features
| Trading Feature | Groww | Bajaj Broking |
|---|---|---|
| Wishlist | Yes | Yes |
| Real-Time Updates | Yes | Yes |
| Portfolio Details | Yes | Yes |
| Online MF Buy | Yes | Yes |
| Research Reports | No | Yes |
| Global Indices | No | N/A |
| Customised Recommendations | No | N/A |
| Stock Tips | No | Yes |
| Interactive Charts | Yes | Yes |
| Live Market | Yes | Yes |
| Multi Profile Management | NO | N/A |
| Robust & Secure Platform | Yes | N/A |
Stockbrokers use promotional offers to attract and retain clients. Below is a side-by-side comparison of the offers currently listed by Groww and Bajaj Broking.
Free account opening: Groww and Bajaj Broking both list free account opening.
Free AMC: Groww and Bajaj Broking both list free Demat AMC.
Free brokerage: Neither broker currently highlights free brokerage.
Flat brokerage: Groww and Bajaj Broking both list flat brokerage pricing.
Flexible brokerage plans: Bajaj Broking lists flexible brokerage plans, while Groww does not currently mention it.
Happy trading hours: Neither broker currently highlights happy trading hours.
Free delivery trading: Neither broker currently highlights free delivery trading.
Free intraday trading: Neither broker currently highlights free intraday trading.
Free F&O trading: Neither broker currently highlights free F&O trading.
Free research reports: Neither broker currently highlights free research reports.
Free trading calls: Bajaj Broking lists free trading calls, while Groww does not currently mention it.
Zero brokerage for loss trades: Neither broker currently highlights zero brokerage for loss-making trades.
Referral offers: Groww offers Rs.300 per Client for referrals; Bajaj Broking does not currently list a referral offer.
Groww vs Bajaj Broking — Comparison of Latest Offers
| Offer | Groww | Bajaj Broking |
|---|---|---|
| Free Account Opening | Yes | Yes |
| Free AMC | Yes | Yes |
| Free Brokerage | No | No |
| Flat Brokerage | Yes | Yes |
| Flexible Brokerage Plans | No | Yes |
| Happy Trading Hours | No | N/A |
| Free Delivery Trading | No | N/A |
| Free Intraday Trading | No | No |
| Free F&O Trading | No | No |
| Free Research Reports | No | N/A |
| Free Trading Calls | No | Yes |
| Referral Offers | Rs.300 per Client | N/A |
| Margin Funding / Pledging | Yes | Yes |
| Brokerage Cashback | No | N/A |
| Zero Brokerage for Loss-Making Trades | No | N/A |
Product availability determines whether a broker can support your preferred markets. Groww highlights equity delivery, equity intraday, equity futures, equity options and mutual funds, while Bajaj Broking highlights equity delivery, equity intraday, equity futures, equity options, commodity futures, commodity options and mutual funds.
The table below compares the full product lineup side by side across equity delivery, equity intraday, equity futures, equity options, mutual funds, commodity futures, commodity options, corporate bonds and bonds.
Groww vs Bajaj Broking — Complete Comparison of Products
| Product | Groww | Bajaj Broking |
|---|---|---|
| Equity Delivery | Yes | Yes |
| Equity Intraday | Yes | Yes |
| Equity Option | Yes | Yes |
| Equity Future | Yes | Yes |
| Commodity Option | No | Yes |
| Commodity Future | No | Yes |
| Currency Option | No | N/A |
| Currency Future | No | N/A |
| Foreign Stocks | No | N/A |
| Mutual Funds | Yes | Yes |
| Banking | No | No |
| Insurance | No | No |
| Corporate Bonds | No | Yes |
| Government Bonds | No | N/A |
| Digital Gold | No | N/A |
Demat services: Groww and Bajaj Broking both list Demat services.
Trading services: Groww and Bajaj Broking both list trading services.
Intraday services: Groww and Bajaj Broking both list intraday trading services.
F&O services: Groww and Bajaj Broking both list F&O services.
IPO services: Groww and Bajaj Broking both list IPO services.
3-in-1 account: Neither broker currently highlights 3-in-1 account support.
Stock research: Bajaj Broking lists stock research, while Groww does not currently mention it.
Stock recommendations: Neither broker currently highlights stock recommendations.
Trading education: Neither broker currently highlights trading education.
Share pledging: Groww and Bajaj Broking both list share pledging.
PMS or PCG: Bajaj Broking lists PMS or PCG support, while Groww does not currently mention it.
NRI services: Bajaj Broking lists NRI services, while Groww does not currently mention it.
Groww provides Demat services, trading services, intraday trading, F&O trading, IPO access and share pledging, while Bajaj Broking offers Demat services, trading services, intraday trading, F&O trading, IPO access and stock research.
Groww vs Bajaj Broking — In-Depth Comparison of Services
| Service | Groww | Bajaj Broking |
|---|---|---|
| Demat Services | Yes | Yes |
| Trading Services | Yes | Yes |
| Intraday Services | Yes | Yes |
| F&O Services | Yes | Yes |
| IPO Services | Yes | Yes |
| 3-in-1 Account | No | No |
| Stock Research | No | Yes |
| Stock Recommendations | No | N/A |
| Trading Education | No | N/A |
| Share Pledging | Yes | Yes |
| PMS or PCG | No | Yes |
| NRI Services | No | Yes |
Stock advisory helps investors choose appropriate stocks through research reports, tips, and market reviews. The table below shows which advisory products are available from Groww and Bajaj Broking.
Groww and Bajaj Broking — Detailed Comparison of Advisory Services
| Advisory | Groww | Bajaj Broking |
|---|---|---|
| Fundamental Reports | No | N/A |
| Research Reports | No | Yes |
| Company Reports | No | N/A |
| Annual Reports | No | N/A |
| IPO Reports | No | N/A |
| Technical Reports | No | N/A |
| Stock Tips | No | Yes |
| Daily Top Stock Picks | No | N/A |
| Daily Market Review | No | Yes |
| Monthly Review | No | N/A |
| Weekly Review | No | N/A |
| Relationship Manager | No | N/A |
| Robo Advisory | No | N/A |
Margin exposure allows traders to manage larger positions with less capital. Below is a comparison of the margin available from Groww and Bajaj Broking across different segments.
Groww and Bajaj Broking — Comprehensive Comparison of Trading Exposure
| Exposure | Groww | Bajaj Broking |
|---|---|---|
| Equity Delivery | 1x | 1x (MTF up to 3.5x in selected stocks) |
| Equity Intraday | Upto 5x (Depends on Stocks) | Up to 5x |
| Equity F&O Carry Forward | 1x | 1x (no additional margin) |
| Equity F&O Intraday | 1.3x | 1.3x |
| Commodity F&O Carry Forward | 1x | 1x (no additional margin) |
| Commodity F&O Intraday | 1.3x | 1.3x |
| Currency F&O | 1x | N/A |
Groww lists a sub-broker program, while Bajaj Broking does not currently mention it. Groww lists a partner program, while Bajaj Broking does not currently mention it. Groww lists a referral program, while Bajaj Broking does not currently mention it.
Groww vs Bajaj Broking — Comparative Analysis of Programs
| Program | Groww | Bajaj Broking |
|---|---|---|
| Sub-Broker Program | Yes, Limited | N/A |
| Partner Program | Yes | N/A |
| Referral Program | Yes | N/A |
Groww provides support through call support, email support, website support, Facebook support and Twitter/X support. Bajaj Broking provides support through trading desk support, call support, email support and website support. Bajaj Broking operates Head office: 4th Floor, Bajaj Finserv House, Off Pune–Ahmednagar Road, Viman Nagar, Pune – 411014, Maharashtra branches.
Groww and Bajaj Broking — Comprehensive Comparison of Customer Support
| Support Channel | Groww | Bajaj Broking |
|---|---|---|
| Trading Support | NA | Yes |
| Dedicated Dealer | NA | N/A |
| Call Support | 9108800604 | Yes (1800-833-8888) |
| Email Support | [email protected] | Yes ([email protected]) |
| WhatsApp Support | NA | N/A |
| Website Support | Website Link | Yes (https://www.bajajbroking.in/knowledge-center) |
| Facebook Support | Facebook Support Link | — |
| Twitter / X Support | Twitter Support Link | — |
| Telegram Support | Telegram Support Link | — |
| Branches / Offices | NA | Head office: 4th Floor, Bajaj Finserv House, Off Pune–Ahmednagar Road, Viman Nagar, Pune – 411014, Maharashtra |
Both brokers have been evaluated across key parameters to help investors make an informed comparison. Groww carries an overall rating of 9.75 / 10, while Bajaj Broking carries an overall rating of 3.6 / 5.
Groww vs Bajaj Broking — Ratings Comparison
| Rating Parameter | Groww | Bajaj Broking |
|---|---|---|
| Overall Rating | 9.75 / 10 | 3.6 / 5 |
| Customer Support | 9.71 / 10 | 3.5 / 5 |
| Technology | 9.87 / 10 | 3.5 / 5 |
| Charges | 9.79 / 10 | 3.5 / 5 |
| Products & Services | 9.69 / 10 | 4.0 / 5 |
| Experience | 9.67 / 10 | N/A |
SEBI, BSE, and NSE regularly publish broker complaint data as part of investor protection oversight. The table below shows the complaint records for both brokers.
Groww & Bajaj Broking — Comparison of Customer Complaints
| Complaint Metric | Groww | Bajaj Broking |
|---|---|---|
| Total Complaints Lodged | 181 | 34 (NSE, FY 2026-27, against 65,587 active clients) |
| Total Complaints Resolved | 163 | N/A |
| % of Resolved Complaints | 90.06% | N/A |
| Non-Actionable Complaints | 9 | N/A |
| % of Non-Actionable Complaints | 4.97% | N/A |
Transaction charges are levied by the stockbroker for executing each trade. Below is a segment-wise comparison for Groww and Bajaj Broking.
Groww vs Bajaj Broking — Detailed Comparison of Transaction Charges
| Transaction Charges | Groww | Bajaj Broking |
|---|---|---|
| Equity Delivery | 0.00325% (NSE) & 0.00375% (BSE) | NSE 0.00345% | BSE varies by scrip group |
| Equity Intraday | 0.00325% (NSE) & 0.00375% (BSE) | NSE 0.00345% | BSE varies by scrip group |
| Equity Future | 0.0019% (NSE & BSE) | NSE 0.002% | BSE Nil or 0.05% of traded value |
| Equity Option | 0.05% (on premium) | NSE 0.053% on premium | BSE Nil or 0.05% of traded value |
| Commodity Future | NA | N/A |
| Commodity Option | NA | N/A |
| Currency Future | NA | N/A |
| Currency Option | NA | N/A |
Pledge creation charges apply when traders borrow against their held securities. Pledge invocation charges apply if the pledged shares are sold due to a shortfall. Margin trading interest is the rate charged on borrowed funds.
Groww & Bajaj Broking — Comprehensive Comparison of Pledge Charges
| Pledge Charge | Groww | Bajaj Broking |
|---|---|---|
| Pledge Creation Charges | Free | ₹40 + GST |
| Pledge Invocation Charges | Rs.20 per Request | ₹50 + GST per ISIN |
| Margin Trading Interest | 0.045% per day | 14.99% p.a. (Freedom) | 11.99% p.a. (Professional) |
Beyond brokerage, several statutory and operational charges apply. These include SEBI turnover fees, DP charges, GST, account closure, reactivation, dematerialisation, and call & trade charges.
Groww and Bajaj Broking — Detailed Comparison of Hidden / Other Charges
| Charge | Groww | Bajaj Broking |
|---|---|---|
| SEBI Turnover Charges | Rs.10/ Crore (All Segment) | ₹10 per crore (0.0001%) |
| DP Charges | Rs.13.5 per Scrip only on Sell | ₹30 per ISIN per debit transaction |
| GST | 18% on (Brokerage + SEBI + Transaction charges) | 18% on brokerage, transaction charges and SEBI fees |
| Account Closure Charges | Free | N/A |
| Reactivation Charges | Free | N/A |
| Dematerialisation Charges | Not Available | ₹100 per request + ₹100 per certificate + GST |
| Call & Trade Charges | Not Available | ₹20 + GST per executed order |
Groww lists account opening charges of Free and Demat AMC of Free. Bajaj Broking lists account opening charges of ₹0 and Demat AMC of ₹0.
Groww vs Bajaj Broking — Detailed Comparison of Demat Charges
| Demat Charges | Groww | Bajaj Broking |
|---|---|---|
| Account Opening Charges | Free | ₹0 |
| Annual Maintenance Charges (AMC) | Free | ₹0 |
Securities Transaction Tax (STT) and Commodity Transaction Tax (CTT) are government levies — the same for all brokers in India. These are shown below for reference.
Groww vs Bajaj Broking — Comparative Analysis of STT and CTT Charges
| STT & CTT | Groww | Bajaj Broking |
|---|---|---|
| Equity Delivery | 0.1% on buy & sell | 0.1% on both buy and sell |
| Equity Intraday | 0.025% on sell | 0.025% on sell side |
| Equity Future | 0.0125% on sell | 0.05% on sell side |
| Equity Option | 0.0625% on sell (on premium) | 0.15% of premium on sell side |
| Commodity Future | NA | 0.01% on sell side (non-agri) |
| Commodity Option | NA | 0.01% on sell side (non-agri) |
| Currency Future | NA | No STT |
| Currency Option | NA | No STT |
Stamp duty is a government tax charged when the broker issues, sells, or transfers a security. It is collected at the end of each trading day.
Groww and Bajaj Broking — Comparison of Stamp Duty Charges
| Stamp Duty | Groww | Bajaj Broking |
|---|---|---|
| Equity Delivery | 0.015% on buy | 0.015% (buy side) |
| Equity Intraday | 0.003% on buy | 0.003% (buy side) |
| Equity Future | 0.002% on buy | 0.002% (buy side) |
| Equity Option | 0.003% on buy | 0.003% (buy side) |
| Commodity Future | NA | 0.002% (buy side) |
| Commodity Option | NA | 0.003% (buy side) |
| Currency Future | NA | 0.0001% (buy side) |
| Currency Option | NA | 0.0001% (buy side) |