When it comes to selecting a reliable and cost-effective demat account in India, Angel One and Groww stand out as two prominent contenders. Both platforms have earned the trust of millions of Indian investors, but they cater to slightly different audiences with their unique features, brokerage structures, and service offerings. This article presents a detailed, side-by-side comparison to help you choose the right platform based on your trading and investment needs.
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1. Account Opening Charges
Both Groww and Angel One have made onboarding easy by offering free account opening. This is a significant advantage for beginners and budget-conscious investors who want to avoid upfront costs.
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Groww: ₹0
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Angel One: ₹0
Verdict: Tie — Both brokers make it equally accessible for new users.
2. Annual Maintenance Charges (AMC)
Annual maintenance is where a noticeable difference emerges. While Groww maintains a completely zero AMC policy, Angel One charges a nominal yearly fee.
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Groww: ₹0 per year
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Angel One: ₹240 per year
Verdict: Groww wins for long-term investors looking to minimize recurring costs.
3. Brokerage Charges
Equity Delivery:
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Groww: ₹20 per order
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Angel One: 0.1% or ₹20 per order (whichever is lower)
Verdict: Angel One can be more cost-efficient for small-volume investors, thanks to the percentage-based cap.
Equity Intraday:
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Groww: 0.05% per order or ₹20 flat
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Angel One: 0.03% or ₹20 per order (whichever is lower)
Verdict: Angel One again offers better value for lower-volume intraday trades due to a lower percentage.
Futures & Options (F&O):
Both platforms offer a flat fee of ₹20 per order across futures and options trades.
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Groww: ₹20 per order
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Angel One: ₹20 per order
Verdict: Tie — both brokers offer identical F&O brokerage.
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4. Trading Platforms
Groww focuses on simplicity, offering only mobile and web platforms. Angel One, on the other hand, provides a more comprehensive experience with mobile, web, and desktop versions, appealing to both casual and professional traders.
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Groww: Mobile app, Web
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Angel One: Mobile app, Web, Desktop
Verdict: Angel One is more versatile for diverse trading needs.
5. Customer Support
Support can often make or break the user experience, especially during market hours. Angel One edges ahead by offering phone support in addition to email and chat, while Groww sticks to email and chat services during business hours.
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Groww: Email, Chat
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Angel One: Phone, Email, Chat
Verdict: Angel One offers more responsive and robust customer service.
6. Investment Products
Groww started as a mutual fund platform and has expanded into stocks. However, Angel One offers a broader suite of instruments, including commodities and IPO applications, which makes it a more diversified platform.
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Groww: Stocks, Mutual Funds
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Angel One: Stocks, Commodities, Derivatives, Mutual Funds, IPO
Verdict: Angel One is ideal for users who want a wider array of investment options.
7. Research & Advisory Services
Angel One provides in-depth research reports and advisory services, which are particularly helpful for serious investors. Groww, in contrast, keeps things minimal with basic market news and charting tools.
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Groww: Basic market data
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Angel One: Comprehensive research and advisory
Verdict: Angel One is better suited for investors looking for research-backed decisions.
8. User Interface & Experience
Groww’s clean and intuitive UI is one of its strongest points, especially for beginners. Angel One also offers a modern and user-friendly design, though it may feel more feature-rich and complex.
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Groww: Simple and easy to navigate
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Angel One: Feature-rich and modern
Verdict: Groww is ideal for simplicity; Angel One suits power users.
9. Advanced Tools & Features
Angel One includes advanced charting tools, stock screeners, and personalized advice, making it a robust choice for active traders. Groww focuses on simplicity with basic reports and essential trading features.
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Groww: Basic tools and reports
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Angel One: Advanced features and personalized services
Verdict: Angel One provides more depth for serious traders.
Final Thoughts: Which Platform Should You Choose?
The choice between Groww and Angel One ultimately depends on your trading goals and experience level:
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Choose Groww if you're a beginner or long-term mutual fund investor who prefers a clean interface and wants to avoid annual charges.
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Opt for Angel One if you're an active trader or someone who values a comprehensive trading ecosystem with advanced tools, broader investment options, and superior customer support.
Both brokers offer strong advantages, and your decision should be aligned with your personal investment style, volume, and need for support or research tools.
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