The comparison between Groww, Mirae Asset Sharekhan, and M.Stock highlights the major differences in their services and features, including overall ratings, brokerage charges, trading platforms, investment offerings, and customer service quality. Groww is known for its user-friendly trading experience and reliability, while Mirae Asset Sharekhan stands out for offering competitive brokerage rates and an advanced mobile trading platform. M Stock provides an excellent balance of technology, research tools, and responsive customer support. In terms of active clients, the brokers report approximately 1.2 Cr, 31 lakh, and 5,02,584 users respectively, reflecting their popularity among investors. Overall, this comparison of Groww, Mirae Asset Sharekhan, and M.Stock helps traders and investors choose the most suitable broker based on features, pricing, and platform performance.
Services / Features
The services/features comparison between Groww, Mirae Asset Sharekhan, and M.Stock reveals significant differences in their offerings. Groww provides 4 for Overall Rating, while Mirae Asset Sharekhan offers 4 and M.Stock features 4.5.
| Services / Features | Groww | Mirae Asset Sharekhan | M.Stock |
|---|---|---|---|
| Overall Rating | ★★★★★ | ★★★★★ | ★★★★★ |
| Brokerage Charges | ★★★★★ | ★★★★★ | ★★★★★ |
| Trading Platform | ★★★★★ | ★★★★★ | ★★★★★ |
| Investments Offering | ★★★★★ | ★★★★★ | ★★★★★ |
| Customer Service | ★★★★★ | ★★★★★ | ★★★★★ |
| Broker Type | Discount Broker | Full Service Broker | Discount Broker |
| Exchanges Supported | NSE, BSE, MCX | NSE, BSE, MCX | NSE, BSE |
| Active Clients | 1.2 Cr | 31 lakh | 5,02,584 |
| Broker Overview | Groww Review | Mirae Asset Sharekhan Review | m.Stock Review |
Account Opening Charges and AMC
The account opening charges and AMC comparison between Groww, Mirae Asset Sharekhan, and M.Stock reveal significant differences in their offerings. Groww provides Free trading and demat account opening, while Mirae Asset Sharekhan offers N/A and M.Stock features Zero.
| Account Opening Charges and AMC | Groww | Mirae Asset Sharekhan | M.Stock |
|---|---|---|---|
| Trading Account Opening | Free | — | Zero |
| Trading AMC | Free | — | ₹880 |
| Demat Account Opening | Free | — | Zero |
| Demat AMC | Free | ₹400 | ₹880 |
| Provide DP Service | Yes | Yes | Yes |
Brokerage Plans
The brokerage plans comparison between Groww, Mirae Asset Sharekhan, and M.Stock reveals significant differences in their offerings. Groww provides No plans, while Mirae Asset Sharekhan offers - and M.Stock features No.
| Brokerage Plans | Groww | Mirae Asset Sharekhan | M.Stock |
|---|---|---|---|
| Multiple Plans | No | - | No |
| Monthly Plans | No | - | No |
| Yearly Plans | No | - | No |
Brokerage Charges
This comparison between Groww, Mirae Asset Sharekhan, and M.Stock reveals significant differences in their brokerage charges. Groww charges 20 or 0.1% brokerage on equity delivery and intraday, 20 for futures, and 20 for options. Mirae Asset Sharekhan charges 0.30% on trade price or minimum 1 paisa per share brokerage on equity delivery and intraday, 0.02% per transaction value (each side) for futures, and ₹39 per lot (each side) for options. M.Stock charges Zero brokerage on equity delivery and intraday, ₹5 per order for futures, and ₹5 per order for options.
| Brokerage Charges | Groww | Mirae Asset Sharekhan | M.Stock |
|---|---|---|---|
| Plan Name | Max Rs 20 per order Trading Plan | - | - |
| Equity Delivery | 20 or 0.1% | 0.30% on trade price or minimum 1 paisa per share | Zero |
| Equity Intraday | 20 or 0.1% | 0.02% on trade price or minimum 1 paisa per share | ₹5 per order |
| Equity Futures | 20 | 0.02% per transaction value (each side) | ₹5 per order |
| Equity Options | 20 | ₹39 per lot (each side) | ₹5 per order |
| Currency Futures | NA | 0.02% per transaction value (each side) | - |
| Currency Options | NA | ₹5 per lot (each side) | - |
| Commodity Futures | 0.10% (one side) | ||
| Commodity Options | 1% on premium or ₹150, whichever is higher | ||
| Hidden Charges | Zero | No | No |
| Call & Trade Charges | Rs 16.5 per scrip on Sell | NA | Zero |
| Auto Square Off Charges | Rs 50 Per Executable Order | ₹50 per order | ₹40 per executed order + GST |
| Brokerage Calculator | Groww Brokerage Calculator |
Transactions Charges
This comparison between Groww, Mirae Asset Sharekhan, and M.Stock reveals significant differences in their transactions. Groww provides 20 for Transaction Charges Equity Delivery, while Mirae Asset Sharekhan offers NSE: 0.00297% | 0.00375% and M.Stock features NSE: 0.00297% BSE: 0.00375%.
| Transactions Charges | Groww | Mirae Asset Sharekhan | M.Stock |
|---|---|---|---|
| Equity Delivery | 20 | NSE: 0.00297% | 0.00375% | NSE: 0.00297% BSE: 0.00375% |
| Equity Intraday | 20 | NSE: 0.00297% | 0.00375% | NSE: 0.00297% BSE: 0.00375% |
| Equity Futures | 20 | NSE: 0.00173% | NSE: 0.00173% BSE: 0 |
| Equity Options | 20 | NSE: 0.03503% on Premium | NSE: 0.03503% (on premium) BSE: 0.0325% (on premium) |
| Currency Futures | 20 | NSE: 0.00035% | - |
| Currency Options | 20 | NSE: 0.0311% | - |
| Commodity | 20 | 0.0418% | - |
Account Features
These are the notable distinctions in the account features of Groww, Mirae Asset Sharekhan, and M.Stock when compared.
| Account Features | Groww | Mirae Asset Sharekhan | M.Stock |
|---|---|---|---|
| 3-in-1 Account | No | No | No |
| Charting | Yes | Yes | Yes |
| Algo Trading | Yes | Yes | Yes |
| SMS Alerts | No | Yes | Yes |
| Online Demo | Yes | Yes | Yes |
| Online Portfolio | Yes | Yes | Yes |
| Margin Trading Funding Available | Yes | Yes | Yes |
| Combined Ledger for Equity and Commodity | No | Yes | Yes |
| Intraday Square-off Time | 3:20 PM | 3:20 PM | 3:20 PM |
| NRI Trading | No | Yes | No |
Trading Platforms
The trading platforms comparison between Groww, Mirae Asset Sharekhan, and M.Stock reveals significant differences in their offerings. Groww, Mirae Asset Sharekhan and M.Stock provide web trading platforms and mobile trading platforms.
| Trading Platforms | Groww | Mirae Asset Sharekhan | M.Stock |
|---|---|---|---|
| Web Trading Platform | Yes | Yes | Yes |
| Web Trading Detail | Groww | Sharekhan | m.Stock |
| Mobile Trading | Yes | Yes | Yes |
| Mobile Trading App | Groww | Yes | Yes |
| Android Mobile App | Yes | Yes | Yes |
| Android App Download | Yes | Yes | Yes |
| iPhone Mobile App (iOS) | Yes | Yes | Yes |
| iOS App Download | Groww | Sharekhan IOS App | Download |
| Android Tablet App | Yes | Yes | Yes |
| iPad App (iOS) | Yes | Yes | Yes |
| Trading Software Charges | Free | Nil | Zero |
Broker Ratings
The broker ratings comparison between Groww, Mirae Asset Sharekhan, and M.Stock reveals significant differences in their offerings. Groww provides 4.0 for Fees Ratings, while Mirae Asset Sharekhan offers 4.3 and M.Stock features 4.5.
| Broker Ratings | Groww | Mirae Asset Sharekhan | M.Stock |
|---|---|---|---|
| Fees Ratings | 4.0 | 4.3 | 4.5 |
| Trading Brokerage Rating | 4.4 | 4.3 | 4.5 |
| Trading Platform Usability | 4.8 | 4,3 | 4.5 |
| Customer Service Ratings | 3.8 | 4.2 | 4.4 |
| Overall Ratings | 4.3 | 4.3 | 4.5 |
Investment Offerings
This comparison between Groww, Mirae Asset Sharekhan, and M.Stock reveals significant differences in their investment offerings. Groww provides investment offerings in Yes, mutual funds and does not offer trades in currency and commodities, while Mirae Asset Sharekhan provides investment offerings in Yes, mutual funds and offers trades in currency and commodities and M.Stock provides investment offerings in Yes, mutual funds and does not offer trades in currency and commodities.
| Investment Offerings | Groww | Mirae Asset Sharekhan | M.Stock |
|---|---|---|---|
| Equity Cash and F&O | Yes | Yes | Yes |
| Currency Derivatives | No | Yes | No |
| Commodity | No | Yes | No |
| Online IPO Application | Yes | Yes | Yes |
| Mutual Funds | Yes | Yes | Yes |
| Bond / NCD | Yes | Yes | Yes |
| ETF | Yes | Yes | Yes |
| Banking | No | No | No |
| Insurance | No | No | No |
| Forex | No | Yes | No |
| MF SIP Investment | Yes | Yes | Yes |
| Equity SIP Investment | Yes | Yes | Yes |
| PMS Service | No | Yes | No |
| Other Investment Options | No | Yes | No |
Customer Support
The comparison between Groww, Mirae Asset Sharekhan, and M.Stock reveals significant differences in their Customer Support. Groww provides Yes, while Mirae Asset Sharekhan offers Yes and M.Stock features No.
| Customer Support | Groww | Mirae Asset Sharekhan | M.Stock |
|---|---|---|---|
| 24/7 Customer Service | Yes | Yes | No |
| Email Support | Yes | Yes | Yes |
| Online Live Chat | No | Yes | Yes |
| Phone Support | Yes | Yes | PMS Service |
| Toll Free Number | No | - | 1800 2100 818 |
| Through Branches | Yes | Yes | — |
| Customer Care Number | +91-9108800000 | 02241683500 | 1800 2100 818 |
| Account Opening Process | Online/Paperless | Online/Paperless | Online/Paperless |
| Customer Support Email | [email protected] | [email protected] | [email protected] |
| Knowledge Center / Education | https://groww.in/blog | https://www.sharekhan.com/learn-and-grow | https://www.mstock.com/mlearn |
| Head Office Address |
Vaishnavi Tech Park, South Tower, 3rd Floor |
Sharekhan Limited, 1st Floor, Tower No. 3, Equinox Business Park, LBS Marg, Off BKC, Kurla (West), Mumbai 400 070, Maharashtra, India. |
1st Floor, Tower 4, Equinox Business Park, |
| Website | https://groww.in/ | https://www.sharekhan.com/ | https://www.mstock.com/ |
Research and Reports
The research and reports comparison between Groww, Mirae Asset Sharekhan, and M.Stock reveals significant differences in their offerings.
| Research and Reports | Groww | Mirae Asset Sharekhan | M.Stock |
|---|---|---|---|
| Research Mutual Funds | Yes | Yes | Yes |
| Research Equity Reports | No | Yes | Yes |
| Research ETF | Yes | Yes | Yes |
| Daily Market Report | Yes | Yes | Yes |
| Free Tips | No | No | No |
| Quarterly Result Analysis | Yes | Yes | Yes |
| News Alerts | Yes | Yes | Yes |
Demat Account Charges
This comparison between Groww, Mirae Asset Sharekhan, and M.Stock reveals significant differences in their demat account charges. Groww provides CDSL for DP Source, while Mirae Asset Sharekhan offers NSDL & CDSL and M.Stock features CDSL.
| Demat Account Charges | Groww | Mirae Asset Sharekhan | M.Stock |
|---|---|---|---|
| DP Source | CDSL | NSDL & CDSL | CDSL |
| DP ID | 88700/88701/88702 | NSDL - 300513 | CDSL - 12036000 | 12092900 |
| Demat Account Annual Maintenance Charges (AMC) | Zero | ₹ 400 | ₹1,299 + GST for Lifetime |
| Advance Deposit | Nil | No | No |
| Transaction Charges on Debit (Per ISIN) | ₹8 + ₹5.50 (CDSL Charges) per transaction | - | — |
| Demat | ₹150 per certificate + ₹100 courier charges | ₹ 5 per share certificate (minimum ₹ 50 per request) | Zero |
| Remat | ₹150 per certificate + ₹100 courier charges + CDSL Charges | ₹ 50 per certificate or ₹ 50 for every hundred securities | Zero |
| Pledge Creation | ₹20 + GST | ₹ 20 per transaction | Zero |
| Pledge Creation Confirmation | Yes | NA | Yes |
| Pledge Closure | ₹20 + GST | ₹ 20 per transaction | ₹32 per day (+GST) |
| Pledge Closure Confirmation | Yes | NA | Yes |
| Pledge Invocation | ₹20 | ₹ 20 per transaction | ₹32 per day (+GST) |
| Failed Instruction Charges | ₹50 per instruction | - | Zero |
| Other Charges | Nil | - | Zero |
Advantages and Disadvantages
| Broker | Pros | Cons |
|---|---|---|
| Groww |
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| Mirae Asset Sharekhan |
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| M.Stock |
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User Experience: Buying Stocks
Groww – User Trading Experience
Account Opening Experience: Account opening is fully online with digital KYC, typically activated within 1–3 working days.
Platform & Order Execution: The platform rating is 4/5.
Brokerage Transparency: Intraday brokerage is 20 or 0.1%, and charges are shown before order confirmation.
Advanced Features: Supports algorithmic trading for strategy-based investors. Margin trading facility increases buying power.
Research & IPO: Supports online IPO applications.
Customer Support: Customer service rating is 3.8/5.
Market Presence: Around 1.2 Cr active clients use this broker.
Mirae Asset Sharekhan – User Trading Experience
Account Opening Experience: Account opening is fully online with digital KYC, typically activated within 1–3 working days.
Platform & Order Execution: The platform rating is 4/5. Mobile trading app ensures real-time order execution and portfolio tracking.
Brokerage Transparency: Intraday brokerage is 0.02% on trade price or minimum 1 paisa per share, and charges are shown before order confirmation.
Advanced Features: Supports algorithmic trading for strategy-based investors. Margin trading facility increases buying power.
Research & IPO: Provides equity research reports. Supports online IPO applications.
Customer Support: Customer service rating is 4.2/5.
Market Presence: Around 31 lakh active clients use this broker.
M.Stock – User Trading Experience
Account Opening Experience: Account opening is fully online with digital KYC, typically activated within 1–3 working days.
Platform & Order Execution: The platform rating is 4.5/5. Mobile trading app ensures real-time order execution and portfolio tracking.
Brokerage Transparency: Intraday brokerage is ₹5 per order, and charges are shown before order confirmation.
Advanced Features: Supports algorithmic trading for strategy-based investors. Margin trading facility increases buying power.
Research & IPO: Provides equity research reports. Supports online IPO applications.
Customer Support: Customer service rating is 4.4/5.
Market Presence: Around 5,02,584 active clients use this broker.
Frequently Asked Questions
The account opening charges vary significantly: Groww charges Free, Mirae Asset Sharekhan charges Not specified, and M.Stock charges Zero. When considering AMC, investors should evaluate the overall cost structure along with the features and services provided by each broker.
Brokerage charges differ across platforms: Groww offers 20 or 0.1% for equity intraday, Mirae Asset Sharekhan provides 0.02% on trade price or minimum 1 paisa per share, and M.Stock charges ₹5 per order. The actual costs may vary based on trading volume, account type, and specific plans offered by each broker.
All three brokers provide diverse investment opportunities: Groww offers 4, Mirae Asset Sharekhan provides 4, and M.Stock features 4.4. The platforms support equity trading, derivatives, mutual funds, and other financial instruments suitable for different investor profiles.
Customer support quality varies: Groww has 4 support, Mirae Asset Sharekhan offers 4, and M.Stock provides 4.4. Support channels typically include phone, email, live chat, and branch services, with response times and availability differing between brokers.
Platform usability ratings show: Groww with 4.8, Mirae Asset Sharekhan with 4,3, and M.Stock with 4.5. The best interface depends on individual preferences - some users prefer simplicity while others need advanced features and customization options.
Yes, mutual fund and stock investing is available across all platforms: Groww (Yes), Mirae Asset Sharekhan (Yes), and M.Stock (Yes). All three brokers provide comprehensive access to equity markets and mutual fund investments through their respective platforms.
For beginners, the choice depends on specific needs: Groww offers user-friendly platforms with educational resources, Mirae Asset Sharekhan provides competitive pricing with intuitive interfaces, and M.Stock combines ease of use with comprehensive investment options. Beginners should consider factors like ease of account opening, customer support quality, educational content, and platform simplicity when making their decision.
All three brokers offer robust mobile trading apps with different strengths: Groww focuses on intuitive design and quick execution, Mirae Asset Sharekhan emphasizes advanced charting and analysis tools, while M.Stock balances simplicity with comprehensive features. The mobile apps are available for both iOS and Android devices with regular updates and feature enhancements.
Stock Broker Review
Groww
Mirae Asset Sharekhan
