The comparison between Groww, Shoonya by Finvasia, and Dhan 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 Shoonya stands out for offering competitive brokerage rates and an advanced mobile trading platform. Dhan provides an excellent balance of technology, research tools, and responsive customer support. In terms of active clients, the brokers report approximately 1.2 Cr, 152,384, and 982,814 users respectively, reflecting their popularity among investors. Overall, this comparison of Groww, Shoonya by Finvasia, and Dhan helps traders and investors choose the most suitable broker based on features, pricing, and platform performance.
Services / Features
The services/features comparison between Groww, Shoonya by Finvasia, and Dhan reveals significant differences in their offerings. Groww provides 4 for Overall Rating, while Shoonya by Finvasia offers 4 and Dhan features 4.4.
| Services / Features | Groww | Shoonya by Finvasia | Dhan |
|---|---|---|---|
| Overall Rating | ★★★★★ | ★★★★★ | ★★★★★ |
| Brokerage Charges | ★★★★★ | ★★★★★ | ★★★★★ |
| Trading Platform | ★★★★★ | ★★★★★ | ★★★★★ |
| Investments Offering | ★★★★★ | ★★★★★ | ★★★★★ |
| Customer Service | ★★★★★ | ★★★★★ | ★★★★★ |
| Broker Type | Discount Broker | Discount Broker | Discount Broker |
| Exchanges Supported | NSE, BSE, MCX | NSE, BSE, MCX | NSE, BSE, MCX |
| Active Clients | 1.2 Cr | 152,384 | 982,814 |
| Broker Overview | Groww Review | Shoonya Review | Dhan Review |
Account Opening Charges and AMC
The account opening charges and AMC comparison between Groww, Shoonya by Finvasia, and Dhan reveal significant differences in their offerings. Groww provides Free trading and demat account opening, while Shoonya by Finvasia offers Free and Dhan features Free.
| Account Opening Charges and AMC | Groww | Shoonya by Finvasia | Dhan |
|---|---|---|---|
| Trading Account Opening | Free | Free | Free |
| Trading AMC | Free | Zero | Zero |
| Demat Account Opening | Free | Zero | Free |
| Demat AMC | Free | Zero | Zero |
| Provide DP Service | Yes | Yes | Yes |
Brokerage Plans
The brokerage plans comparison between Groww, Shoonya by Finvasia, and Dhan reveals significant differences in their brokerage plans. Groww, Shoonya by Finvasia, and Dhan do not offer any brokerage plans.
| Brokerage Plans | Groww | Shoonya by Finvasia | Dhan |
|---|---|---|---|
| Multiple Plans | No | No | No |
| Monthly Plans | No | No | No |
| Yearly Plans | No | No | No |
Brokerage Charges
This comparison between Groww, Shoonya by Finvasia, and Dhan 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. Shoonya by Finvasia charges Zero brokerage on equity delivery and intraday, ₹5 for futures, and ₹5 for options. Dhan charges Zero brokerage on equity delivery and intraday, ₹20 or 0.03% per executed order for futures, and ₹20 per executed order for options.
| Brokerage Charges | Groww | Shoonya by Finvasia | Dhan |
|---|---|---|---|
| Plan Name | Max Rs 20 per order Trading Plan | ||
| Equity Delivery | 20 or 0.1% | Zero | Zero |
| Equity Intraday | 20 or 0.1% | ₹5 | ₹20 or 0.03% per executed order |
| Equity Futures | 20 | ₹5 | ₹20 or 0.03% per executed order |
| Equity Options | 20 | ₹5 | ₹20 per executed order |
| Currency Futures | NA | ₹5 | NA |
| Currency Options | NA | ₹5 | NA |
| Commodity Futures | ₹5 | ||
| Commodity Options | ₹5 | ||
| Hidden Charges | Zero | Zero | Zero |
| Call & Trade Charges | Rs 16.5 per scrip on Sell | Zero | ₹50 + GST |
| Auto Square Off Charges | Rs 50 Per Executable Order | Zero | ₹20 + GST |
| Brokerage Calculator | Groww Brokerage Calculator | Shoonya by Finvasia Brokerage Calculator | Dhan Brokerage Calculator |
Transactions Charges
This comparison between Groww, Shoonya by Finvasia, and Dhan reveals significant differences in their transactions. Groww provides 20 for Transaction Charges Equity Delivery, while Shoonya by Finvasia offers 0.00297% and Dhan features BSE: 0.00375% NSE: 0.00297%.
| Transactions Charges | Groww | Shoonya by Finvasia | Dhan |
|---|---|---|---|
| Equity Delivery | 20 | 0.00297% | BSE: 0.00375% NSE: 0.00297% |
| Equity Intraday | 20 | 0.00297% | BSE: 0.00375% NSE: 0.00297% |
| Equity Futures | 20 | 0.00173% | NSE: 0.00173% BSE: 0 (Zero) |
| Equity Options | 20 | 0.03503% | NSE: 0.03503% (on premium) BSE (Index): 0.0325% (on premium) |
| Currency Futures | 20 | 0.00035% | NA |
| Currency Options | 20 | 0.0311% | NA |
| Commodity | 20 | — | NSE: 0.0001% MCX: 0.0021% |
Account Features
These are the notable distinctions in the account features of Groww, Shoonya by Finvasia, and Dhan when compared.
| Account Features | Groww | Shoonya by Finvasia | Dhan |
|---|---|---|---|
| 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, Shoonya by Finvasia, and Dhan reveals significant differences in their offerings. Groww, Shoonya by Finvasia and Dhan provide web trading platforms and mobile trading platforms.
| Trading Platforms | Groww | Shoonya by Finvasia | Dhan |
|---|---|---|---|
| Web Trading Platform | Yes | Yes | Yes |
| Web Trading Detail | Groww | Shoonya | Dhan |
| 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 | Download | 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, Shoonya by Finvasia, and Dhan reveals significant differences in their offerings. Groww provides 4.0 for Fees Ratings, while Shoonya by Finvasia offers 4.8 and Dhan features 4.5.
| Broker Ratings | Groww | Shoonya by Finvasia | Dhan |
|---|---|---|---|
| Fees Ratings | 4.0 | 4.8 | 4.5 |
| Trading Brokerage Rating | 4.4 | 4.5 | 4.6 |
| Trading Platform Usability | 4.8 | 4.6 | 4.4 |
| Customer Service Ratings | 3.8 | 4.4 | 4.3 |
| Overall Ratings | 4.3 | 4.5 | 4.4 |
Investment Offerings
This comparison between Groww, Shoonya by Finvasia, and Dhan 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 Shoonya by Finvasia provides investment offerings in Yes, mutual funds and offers trades in currency and commodities and Dhan provides investment offerings in Yes, mutual funds and does not offer trades in currency and commodities.
| Investment Offerings | Groww | Shoonya by Finvasia | Dhan |
|---|---|---|---|
| Equity Cash and F&O | Yes | Yes | Yes |
| Currency Derivatives | No | Yes | No |
| Commodity | No | Yes | Yes |
| 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 | No | No |
| MF SIP Investment | Yes | Yes | Yes |
| Equity SIP Investment | Yes | Yes | Yes |
| PMS Service | No | No | No |
| Other Investment Options | No | Yes | Yes |
Customer Support
The comparison between Groww, Shoonya by Finvasia, and Dhan reveals significant differences in their Customer Support. Groww provides Yes, while Shoonya by Finvasia offers Yes and Dhan features Yes.
| Customer Support | Groww | Shoonya by Finvasia | Dhan |
|---|---|---|---|
| 24/7 Customer Service | Yes | Yes | Yes |
| Email Support | Yes | Yes | Yes |
| Online Live Chat | No | Yes | Yes |
| Phone Support | Yes | Yes | Yes |
| Toll Free Number | No | No | Yes |
| Through Branches | Yes | Yes | Yes |
| Customer Care Number | +91-9108800000 | +91 97799 02002 | (+91) 9987761000 |
| 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://blog.shoonya.com/ | https://dhan.co/blog/ |
| Head Office Address | Vaishnavi Tech Park, South Tower, 3rd Floor | Unit No. 2201, 22nd Floor, Gold Medal Avenue, S.V. Road, Beside Patel Petrol Pump, Piramal Nagar, Goregaon West, Mumbai – 400104 | |
| Website | https://groww.in/ | https://shoonya.com/ | https://dhan.co/ |
Research and Reports
The research and reports comparison between Groww, Shoonya by Finvasia, and Dhan reveals significant differences in their offerings.
| Research and Reports | Groww | Shoonya by Finvasia | Dhan |
|---|---|---|---|
| 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, Shoonya by Finvasia, and Dhan reveals significant differences in their demat account charges. Groww provides CDSL for DP Source, while Shoonya by Finvasia offers CDSL and Dhan features CDSL.
| Demat Account Charges | Groww | Shoonya by Finvasia | Dhan |
|---|---|---|---|
| DP Source | CDSL | CDSL | CDSL |
| DP ID | 88700/88701/88702 | 12084300 | 289-2016 |
| Demat Account Annual Maintenance Charges (AMC) | Zero | Zero | Zero |
| Advance Deposit | Nil | Zero | Zero |
| Transaction Charges on Debit (Per ISIN) | ₹8 + ₹5.50 (CDSL Charges) per transaction | — | — |
| Demat | ₹150 per certificate + ₹100 courier charges | ₹9 + GST | ₹12.50 per instruction + GST |
| Remat | ₹150 per certificate + ₹100 courier charges + CDSL Charges | ₹9 + GST | ₹12.50 per instruction + GST |
| Pledge Creation | ₹20 + GST | Rs 20 per instruction | ₹15 per instruction + GST |
| Pledge Creation Confirmation | Yes | Yes | Yes |
| Pledge Closure | ₹20 + GST | Rs 20 per instruction | ₹15 per instruction + GST |
| Pledge Closure Confirmation | Yes | Yes | Yes |
| Pledge Invocation | ₹20 | Rs 20 per instruction | ₹15 per instruction + GST |
| Failed Instruction Charges | ₹50 per instruction | ₹49 per instruction | ₹100 + GST |
| Other Charges | Nil | — | Zero |
Advantages and Disadvantages
| Broker | Pros | Cons |
|---|---|---|
| Groww |
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| Shoonya by Finvasia |
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| Dhan |
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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.
Shoonya by Finvasia – 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 ₹5, 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 152,384 active clients use this broker.
Dhan – 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 4.4/5. Mobile trading app ensures real-time order execution and portfolio tracking.
Brokerage Transparency: Intraday brokerage is ₹20 or 0.03% per executed 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 4.3/5.
Market Presence: Around 982,814 active clients use this broker.
Frequently Asked Questions
The account opening charges vary significantly: Groww charges Free, Shoonya by Finvasia charges Free, and Dhan charges Free. 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, Shoonya by Finvasia provides ₹5, and Dhan charges ₹20 or 0.03% per executed 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, Shoonya by Finvasia provides 4, and Dhan features 4.6. 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, Shoonya by Finvasia offers 4, and Dhan provides 4.3. 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, Shoonya by Finvasia with 4.6, and Dhan with 4.4. 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), Shoonya by Finvasia (Yes), and Dhan (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, Shoonya by Finvasia provides competitive pricing with intuitive interfaces, and Dhan 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, Shoonya by Finvasia emphasizes advanced charting and analysis tools, while Dhan 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
