Groww and m.Stock 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 m.Stock is listed as a Private Discount Broker , established in 1997 and headquartered in Mumbai.
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 m.Stock 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.
m.Stock is listed as a Private Discount Broker established in 1997 with headquarters in Mumbai and founded by Park Hyeon-Joo. It offers equity delivery, equity intraday, equity futures, equity options, currency futures, currency options and mutual funds using mobile app access and web trading and supports traders with features such as watchlists, real-time updates, portfolio tracking, online mutual fund access, stock tips and interactive charts. Its brokerage model is structured as Zero Delivery Plan.
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 m.Stock — A Comprehensive Company Overview
| Company Overview | Groww | m.Stock |
|---|---|---|
| Company Type | Private | Private |
| Broker Type | Discount Broker | Discount Broker |
| Headquarters | Bangalore | Mumbai |
| Founder | Lalit Keshre | Park Hyeon-Joo |
| Establishment Year | 2016 | 1997 |
| Brokerage Plan | Standard Plan | Zero Delivery Plan |
Brokerage is the primary cost to compare when choosing a broker. Below is a segment-by-segment breakdown for Groww and m.Stock.
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 m.Stock charges Free.
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 m.Stock charges Rs. 5 per Trade.
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 m.Stock charges Rs. 5 per Trade.
Equity options: This charge applies to equity option contracts. Groww charges Rs.20 per Order while m.Stock charges Rs. 5 per Trade.
Commodity futures: This charge covers commodities such as gold, silver, and crude oil. Groww charges Rs.20 per Order . m.Stock does not currently list a charge for this segment.
Commodity options: This charge applies to option contracts on commodity instruments. Groww charges Rs.20 per Order . m.Stock does not currently list a charge for this segment.
Currency futures: This charge allows participation in forex price movements on the exchange. Groww charges Rs.20 per Order while m.Stock charges Rs. 5 per Trade.
Currency options: This charge enables traders to hedge or speculate on currency fluctuations. Groww charges Rs.20 per Order while m.Stock charges Rs. 5 per Trade.
Groww vs m.Stock — Detailed Brokerage Comparison
| Brokerage | Groww | m.Stock |
|---|---|---|
| Brokerage Plan | Standard Plan | Zero Delivery Plan |
| Subscription Charges | Zero | Zero |
| Equity Delivery | Rs.20 per Order or 0.05% (whichever is low) | Free |
| Equity Intraday | Rs.20 per Order or 0.05% (whichever is low) | Rs. 5 per Trade |
| Equity Future | Rs.20 per Order or 0.05% (whichever is low) | Rs. 5 per Trade |
| Equity Option | Rs.20 per Order | Rs. 5 per Trade |
| Commodity Future | Rs.20 per Order | NA |
| Commodity Option | Rs.20 per Order | NA |
| Currency Future | Rs.20 per Order | Rs. 5 per Trade |
| Currency Option | Rs.20 per Order | Rs. 5 per Trade |
Groww provides mobile app access and web trading for order placement, portfolio tracking, and market monitoring. m.Stock provides mobile app access and web trading for its users.
Android app: Groww and m.Stock both list an Android trading app.
iOS app: Groww and m.Stock both list an iOS trading app.
Web trading platform: Groww and m.Stock both list a web trading platform.
Desktop trading terminal: Neither broker currently highlights a desktop trading terminal.
Algo trading: Neither broker currently highlights algo trading support.
Basket trading: Neither broker currently highlights basket trading.
Foreign stocks platform: Neither broker currently highlights foreign stocks access.
Mutual fund platform: Groww and m.Stock both list a mutual fund investment platform.
Digital gold platform: Neither broker currently highlights digital gold investing.
Bonds platform: Neither broker currently highlights a bonds investment platform.
Groww vs m.Stock — Complete Comparison of Trading Platforms
| Trading Platform | Groww | m.Stock |
|---|---|---|
| Android App | Groww Android App Link | m.Stock Android App Link |
| iOS App | Groww iOS App Link | m.Stock iOS App Link |
| Web Trading Platform | Groww Web Trading Link | m.Stock Web Trading Link |
| Trading Terminal | NA | NA |
| Algo Trading Platform | NA | NA |
| Foreign Stocks Platform | NA | NA |
| Basket Trading Platform | NA | NA |
| Mutual Fund Platform | Available | Available |
| Digital Gold Platform | NA | NA |
| Bonds Platform | NA | NA |
Groww highlights trading features including watchlists, real-time updates, portfolio tracking, online mutual fund access, interactive charts and live market tracking, while m.Stock promotes watchlists, real-time updates, portfolio tracking, online mutual fund access, stock tips and interactive charts. 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 m.Stock offer this feature.
Real time updates: Get timely updates on market trends, stock prices, and other market data. Both Groww and m.Stock offer this feature.
Portfolio details: A detailed snapshot of all investments — stocks, bonds, and commodities — in one place. Both Groww and m.Stock offer this feature.
Online mf buy: Buy or sell mutual funds directly from the trading platform or mobile application. Both Groww and m.Stock offer this feature.
Stock tips: Valuable tips on stocks to buy, hold, or sell based on market trends. m.Stock 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 m.Stock offer this feature.
Live market: Live updates on market movements and trends. Both Groww and m.Stock offer this feature.
Secure platform: A secure trading environment with next-generation security controls. Both Groww and m.Stock offer this feature.
Groww vs m.Stock — Comprehensive Comparison of Trading Features
| Trading Feature | Groww | m.Stock |
|---|---|---|
| Wishlist | Yes | Yes |
| Real-Time Updates | Yes | Yes |
| Portfolio Details | Yes | Yes |
| Online MF Buy | Yes | Yes |
| Research Reports | No | No |
| Global Indices | No | No |
| Customised Recommendations | No | No |
| Stock Tips | No | Yes |
| Interactive Charts | Yes | Yes |
| Live Market | Yes | Yes |
| Multi Profile Management | NO | No |
| Robust & Secure Platform | Yes | Yes |
Stockbrokers use promotional offers to attract and retain clients. Below is a side-by-side comparison of the offers currently listed by Groww and m.Stock.
Free account opening: Groww lists free account opening, while m.Stock does not currently mention it.
Free AMC: Groww lists free Demat AMC, while m.Stock does not currently mention it.
Free brokerage: m.Stock lists free brokerage, while Groww does not currently mention it.
Flat brokerage: Groww and m.Stock both list flat brokerage pricing.
Flexible brokerage plans: m.Stock lists flexible brokerage plans, while Groww does not currently mention it.
Happy trading hours: Neither broker currently highlights happy trading hours.
Free delivery trading: m.Stock lists free delivery trading, while Groww does not currently mention it.
Free intraday trading: m.Stock lists free intraday trading, while Groww does not currently mention it.
Free F&O trading: m.Stock lists free F&O trading, while Groww does not currently mention it.
Free research reports: m.Stock lists free research reports, while Groww does not currently mention it.
Free trading calls: m.Stock 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 while m.Stock offers Upto Rs.500 per Client for referrals.
Groww vs m.Stock — Comparison of Latest Offers
| Offer | Groww | m.Stock |
|---|---|---|
| Free Account Opening | Yes | No |
| Free AMC | Yes | No |
| Free Brokerage | No | Yes, Limited |
| Flat Brokerage | Yes | Yes |
| Flexible Brokerage Plans | No | Yes |
| Happy Trading Hours | No | No |
| Free Delivery Trading | No | Yes |
| Free Intraday Trading | No | Yes, Limited |
| Free F&O Trading | No | Yes, Limited |
| Free Research Reports | No | Yes |
| Free Trading Calls | No | Yes |
| Referral Offers | Rs.300 per Client | Upto Rs.500 per Client |
| Margin Funding / Pledging | Yes | Yes |
| Brokerage Cashback | No | No |
| Zero Brokerage for Loss-Making Trades | No | No |
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 m.Stock highlights equity delivery, equity intraday, equity futures, equity options, currency futures, currency 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, currency futures and currency options.
Groww vs m.Stock — Complete Comparison of Products
| Product | Groww | m.Stock |
|---|---|---|
| Equity Delivery | Yes | Yes |
| Equity Intraday | Yes | Yes |
| Equity Option | Yes | Yes |
| Equity Future | Yes | Yes |
| Commodity Option | No | No |
| Commodity Future | No | No |
| Currency Option | No | Yes |
| Currency Future | No | Yes |
| Foreign Stocks | No | No |
| Mutual Funds | Yes | Yes |
| Banking | No | No |
| Insurance | No | No |
| Corporate Bonds | No | No |
| Government Bonds | No | No |
| Digital Gold | No | No |
Demat services: Groww and m.Stock both list Demat services.
Trading services: Groww and m.Stock both list trading services.
Intraday services: Groww and m.Stock both list intraday trading services.
F&O services: Groww and m.Stock both list F&O services.
IPO services: Groww and m.Stock both list IPO services.
3-in-1 account: Neither broker currently highlights 3-in-1 account support.
Stock research: m.Stock lists stock research, while Groww does not currently mention it.
Stock recommendations: m.Stock lists stock recommendations, while Groww does not currently mention it.
Trading education: Neither broker currently highlights trading education.
Share pledging: Groww and m.Stock both list share pledging.
PMS or PCG: Neither broker currently highlights PMS or PCG support.
NRI services: Neither broker currently highlights NRI services.
Groww provides Demat services, trading services, intraday trading, F&O trading, IPO access and share pledging, while m.Stock offers Demat services, trading services, intraday trading, F&O trading, IPO access and stock research.
Groww vs m.Stock — In-Depth Comparison of Services
| Service | Groww | m.Stock |
|---|---|---|
| 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 | Yes |
| Trading Education | No | No |
| Share Pledging | Yes | Yes |
| PMS or PCG | No | No |
| NRI Services | No | No |
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 m.Stock.
Groww and m.Stock — Detailed Comparison of Advisory Services
| Advisory | Groww | m.Stock |
|---|---|---|
| Fundamental Reports | No | No |
| Research Reports | No | No |
| Company Reports | No | No |
| Annual Reports | No | No |
| IPO Reports | No | No |
| Technical Reports | No | No |
| Stock Tips | No | Yes |
| Daily Top Stock Picks | No | Yes |
| Daily Market Review | No | Yes |
| Monthly Review | No | Yes |
| Weekly Review | No | Yes |
| Relationship Manager | No | No |
| Robo Advisory | No | No |
Margin exposure allows traders to manage larger positions with less capital. Below is a comparison of the margin available from Groww and m.Stock across different segments.
Groww and m.Stock — Comprehensive Comparison of Trading Exposure
| Exposure | Groww | m.Stock |
|---|---|---|
| Equity Delivery | 1x | 1x |
| Equity Intraday | Upto 5x (Depends on Stocks) | Upto 5x (Depends on Stocks) |
| Equity F&O Carry Forward | 1x | 1x |
| Equity F&O Intraday | 1.3x | 1.3x |
| Commodity F&O Carry Forward | 1x | 1x |
| Commodity F&O Intraday | 1.3x | 1.3x |
| Currency F&O | 1x | 1x |
Groww and m.Stock both list a sub-broker program. Groww and m.Stock both list a partner program. Groww and m.Stock both list a referral program.
Groww vs m.Stock — Comparative Analysis of Programs
| Program | Groww | m.Stock |
|---|---|---|
| Sub-Broker Program | Yes, Limited | Yes, Limited |
| Partner Program | Yes | Yes, Limited |
| Referral Program | Yes | Yes |
Groww provides support through call support, email support, website support, Facebook support and Twitter/X support. m.Stock provides support through trading desk support, dedicated dealer assistance, call support, email support and website support.
Groww and m.Stock — Comprehensive Comparison of Customer Support
| Support Channel | Groww | m.Stock |
|---|---|---|
| Trading Support | NA | Available, Chargeable |
| Dedicated Dealer | NA | Available, Chargeable |
| Call Support | 9108800604 | 1800-2100-818 |
| Email Support | [email protected] | [email protected] |
| WhatsApp Support | NA | NA |
| Website Support | Website Link | Website Link |
| Facebook Support | Facebook Support Link | Facebook Support Link |
| Twitter / X Support | Twitter Support Link | Twitter Support Link |
| Telegram Support | Telegram Support Link | — |
| Branches / Offices | NA | NA |
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 m.Stock carries an overall rating of 7.28/10.
Groww vs m.Stock — Ratings Comparison
| Rating Parameter | Groww | m.Stock |
|---|---|---|
| Overall Rating | 9.75 / 10 | 7.28/10 |
| Customer Support | 9.71 / 10 | 7.25/10 |
| Technology | 9.87 / 10 | 7.37/10 |
| Charges | 9.79 / 10 | 7.31/10 |
| Products & Services | 9.69 / 10 | 7.24/10 |
| Experience | 9.67 / 10 | 7.22/10 |
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 & m.Stock — Comparison of Customer Complaints
| Complaint Metric | Groww | m.Stock |
|---|---|---|
| Total Complaints Lodged | 181 | 113 |
| Total Complaints Resolved | 163 | 101 |
| % of Resolved Complaints | 90.06% | 89.38% |
| Non-Actionable Complaints | 9 | 6 |
| % of Non-Actionable Complaints | 4.97% | 5.31% |
Transaction charges are levied by the stockbroker for executing each trade. Below is a segment-wise comparison for Groww and m.Stock.
Groww vs m.Stock — Detailed Comparison of Transaction Charges
| Transaction Charges | Groww | m.Stock |
|---|---|---|
| Equity Delivery | 0.00325% (NSE) & 0.00375% (BSE) | 0.00325% (NSE) & 0.00375% (BSE) |
| Equity Intraday | 0.00325% (NSE) & 0.00375% (BSE) | 0.00325% (NSE) & 0.00375% (BSE) |
| Equity Future | 0.0019% (NSE & BSE) | 0.0019% (NSE & BSE) |
| Equity Option | 0.05% (on premium) | 0.05% (on premium) |
| Commodity Future | NA | NA |
| Commodity Option | NA | NA |
| Currency Future | NA | 0.0009% (NSE) |
| Currency Option | NA | 0.035% (NSE) |
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 & m.Stock — Comprehensive Comparison of Pledge Charges
| Pledge Charge | Groww | m.Stock |
|---|---|---|
| Pledge Creation Charges | Free | Rs.32 per Request |
| Pledge Invocation Charges | Rs.20 per Request | Rs.32 per Request |
| Margin Trading Interest | 0.045% per day | 0.05% per day |
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 m.Stock — Detailed Comparison of Hidden / Other Charges
| Charge | Groww | m.Stock |
|---|---|---|
| SEBI Turnover Charges | Rs.10/ Crore (All Segment) | Rs.10/ Crore (All Segment) |
| DP Charges | Rs.13.5 per Scrip only on Sell | Rs.12 per Scrip on Sell |
| GST | 18% on (Brokerage + SEBI + Transaction charges) | 18% on (Brokerage + SEBI + Transaction charges) |
| Account Closure Charges | Free | Nil |
| Reactivation Charges | Free | Nil |
| Dematerialisation Charges | Not Available | Rs.150 per Certificate |
| Call & Trade Charges | Not Available | Free |
Groww lists account opening charges of Free and Demat AMC of Free. m.Stock lists account opening charges of Rs.149 and Demat AMC of Rs.999.
Groww vs m.Stock — Detailed Comparison of Demat Charges
| Demat Charges | Groww | m.Stock |
|---|---|---|
| Account Opening Charges | Free | Rs.149 |
| Annual Maintenance Charges (AMC) | Free | Rs.999 |
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 m.Stock — Comparative Analysis of STT and CTT Charges
| STT & CTT | Groww | m.Stock |
|---|---|---|
| Equity Delivery | 0.1% on buy & sell | 0.1% on buy & sell |
| Equity Intraday | 0.025% on sell | 0.025% on sell |
| Equity Future | 0.0125% on sell | 0.0125% on sell |
| Equity Option | 0.0625% on sell (on premium) | 0.0625% on sell (on premium) |
| Commodity Future | NA | 0.01% on sell (Non-Agri) |
| Commodity Option | NA | 0.05% on sell |
| Currency Future | NA | Nil |
| Currency Option | NA | Nil |
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 m.Stock — Comparison of Stamp Duty Charges
| Stamp Duty | Groww | m.Stock |
|---|---|---|
| Equity Delivery | 0.015% on buy | 0.015% on buy |
| Equity Intraday | 0.003% on buy | 0.003% on buy |
| Equity Future | 0.002% on buy | 0.002% on buy |
| Equity Option | 0.003% on buy | 0.003% on buy |
| Commodity Future | NA | 0.002% on buy |
| Commodity Option | NA | 0.003% on buy |
| Currency Future | NA | 0.0001% on buy |
| Currency Option | NA | 0.0001% on buy |