Compare stock brokers
Grovalue Securities vs. Aasmaa Securities
All stockbrokers charge you a fee for carrying out trading transactions. They charge you different fees for different asset classes. So, to maximize your returns and best trading experience, you need to choose the best stock broker.
Among the best stockbrokers in India, two top names are Grovalue Securities and Aasmaa Securities. Please find a thorough comparison study for both the stock brokers, and find the table below for the comparison of Grovalue Securities and Aasmaa Securities.
Overview
Grovalue Securities are Aasmaa Securities both private companies and both are full service broker as well. Ankit Sethi co-founded Grovalue Securities in 2016. And Aasmaa Securities was founded in the year 2007 by Anand Kumar Jhawar. Grovalue Securities's headquarters are in Mumbai, Maharashtra and Aasmaa Securities's headquarters are in Hyderabad, Andhra Pradesh.
Grovalue Securities and Aasmaa Securities both are full service broker as well. Grovalue Securities is registered in NA, while Aasmaa Securities is registered in NA. The total branches of Grovalue Securities are Nil and the Aasmaa Securities branches are Nil.
| Overview | Grovalue Securities | Aasmaa Securities |
|---|---|---|
| Broker Type | Full Service Broker | Full Service Broker |
| Type of company | Private | Private |
| Headquarter | Mumbai, Maharashtra | Hyderabad, Andhra Pradesh |
| Founders | Ankit Sethi | Anand Kumar Jhawar |
| Foundation Year | 2016 | 2007 |
| Supported Exchanges | NA | NA |
| Total branches | Nil | Nil |
Grovalue Securities and Aasmaa Securities Trading Account Opening and Demat Charges
A dematerialization account, also known as a Demat account keeps the securities in an electronic form that are deposited with National Securities Depository Limited (NSDL) or Central Depository Services Limited (CDSL).
Account opening fees for various brokers range from 0 to Rs.200, with Grovalue Securities charging Rs.250 and Aasmaa Securities charging Free.
When you open a Demat account, you must pay specific fees such as account maintenance fees, broker commissions, GST, and STT. When you open a Demat account, you must pay specific fees such as account maintenance charges, broker commissions, GST, and STT. So, account maintenance charges (AMC) for the Grovalue Securities Demat account is Rs.600 per Annum and for the Aasmaa Securities Demat account is Rs.250 per Annum. The Trading AMC for Grovalue Securities and Aasmaa Securities is free. And the margin money for both brokers is also zero.
As we know that NSDL and CDSL are the two depositories in India registered by Indian Government which holds various securities in electronic form like stocks, bonds, etc. So, the depository for both Grovalue Securities and Aasmaa Securities is CDSL.
| Account Opening and Demat Charges | Grovalue Securities | Aasmaa Securities |
|---|---|---|
| Trading Account Opening Charges | Rs.250 | Free |
| Demat AMC (Annual Maintenance Charges) | Rs.600 per Annum | Rs.250 per Annum |
| Trading AMC (Annual Maintenance Charges) | Free | Free |
| Margin Money | Minimum Rs.15,000 | Minimum Rs.15,000 |
| Offline to Online Charges | Yes | Yes |
| Depository | CDSL & NSDL | CDSL & NSDL |
Grovalue Securities and Aasmaa Securities Equity Brokerage Charges
There are more charges that a broker charges for equity transactions.
Equity delivery charges: This means holding the stocks for a certain period of time and selling it when you make a profit. Different brokers charge different rates on Equity Delivery. The Equity Delivery charges for Grovalue Securities is 0.25% – 0.55%, while Aasmaa Securities charges you 0.15% – 0.3%.
Equity Intraday: This means when you buy and sell stocks on the same day. So, the equity intraday brokerage charges for Grovalue Securities is 0.025% – 0.055% and for Aasmaa Securities also, it is 0.01% – 0.03%.
Equity Futures: Equity futures refers to the purchase and sale of shares at a fixed price on a future date. Grovalue Securities charge 0.025% – 0.055% and Aasmaa Securities charge 0.01% – 0.03% for equity futures.
Equity Options: These are contracts that allow an investor to buy or sell equities at a predetermined or strike price, (1 contract=100 shares). For equity options, Grovalue Securities charges Rs.25 – Rs.55 per Lot, and Aasmaa Securities charges Rs.30 – Rs.50 per Lot.
| Equity Brokerage Charges | Grovalue Securities | Aasmaa Securities |
|---|---|---|
| Equity Delivery Brokerage | 0.25% – 0.55% | 0.15% – 0.3% |
| Equity Intraday Brokerage | 0.025% – 0.055% | 0.01% – 0.03% |
| Equity Futures Brokerage | 0.025% – 0.055% | 0.01% – 0.03% |
| Equity Options Brokerage | Rs.25 – Rs.55 per Lot | Rs.30 – Rs.50 per Lot |
Grovalue Securities and Aasmaa Securities Currency Brokerage Charges
Currency trading is also known as forex trading, which is used to buy and sell currency pairs. Most brokers offer this trading service.
Currency Future: It is also known as Foreign exchange futures. It is a type of contract where buying and selling of currencies is done on a future date at a fixed price. The Currency Futures Brokerage for Grovalue Securities is 0.02% – 0.05% and for Aasmaa Securities is 0.01% – 0.03%.
Currency Options: A currency option, like an equity option, is a contract that allows a buyer the right (but not the responsibility) to purchase or sell a specified currency at a fixed exchange rate on or before a particular date. Grovalue Securities charges Rs.25 – Rs.55 per Lot for currency options, whereas Grovalue Securities charges Rs.15 – Rs.25 per Lot.
| Currency Brokerage Charges | Grovalue Securities | Aasmaa Securities |
|---|---|---|
| Currency Futures Brokerage | 0.02% – 0.05% | 0.01% – 0.03% |
| Currency Options Brokerage | Rs.25 – Rs.55 per Lot | Rs.15 – Rs.25 per Lot |
Grovalue Securities and Aasmaa Securities Commodity Brokerage Charges
Commodity Trading: Commodity trading involves the purchase and sale of various commodities such as gold, silver, agriculture, and energy, as well as their derivative products. Grovalue Securities charges 0.02% – 0.05% for commodity trading, while Aasmaa Securities charges NA.
| Commodity Brokerage Charges | Grovalue Securities | Aasmaa Securities |
|---|---|---|
| Commodity Options Brokerage | 0.02% – 0.05% | NA |
Grovalue Securities and Aasmaa Securities Other Charges
Here are some other broker charges that should know about -
Minimum Broker Charges: Grovalue Securities levies a minimum brokerage fee of Percentage of Transaction, while Aasmaa Securities charges Percentage of Transaction brokerage fee.
Transaction Brokerage Charges: Grovalue Securities levies a transaction brokerage charge of 0.00320%, while Aasmaa Securities charges 0.00255%.
SEBI Turnover Charges: Securities and Exchange Board of India (SEBI) is the market regularly and monitors fair trade practices. They also charge a small fee known as the SEBI Turnover fee. So, the SEBI Turnover charges for Grovalue Securities is 0.0002% of Total Turnover and for Grovalue Securities is 0.0002% of Total Turnover.
Stamp Duty Charges: This fee is charged as per the state and asset class.
GST Charges (Goods and Services Tax): GST of 18% is charged (brokerage and transaction charges)
STT (Securities Transaction Tax): The STT charges for Grovalue Securities are 0.0126% of Total Turnover, while for Aasmaa Securities, they are 0.0126% of selling value.
Call and Trade Charges: This charge varies for different brokers. Grovalue Securities charges NA and Aasmaa Securities charges NA.
| Other Brokerage Charges | Grovalue Securities | Aasmaa Securities |
|---|---|---|
| Minimum Brokerage Charges | Percentage of Transaction | Percentage of Transaction | Transaction Brokerage Charges | 0.00320% | 0.00255% | SEBI Turnover Charges | 0.0002% of Total Turnover | 0.0002% of Total Turnover | Stamp Duty Charges | As per the state | As per the state | GST Charges | 18% of (Brokerage + Transaction Charges) | 18% of (Brokerage + Transaction Charges) | STT Charges | 0.0126% of Total Turnover | 0.0126% of selling value | Call and Trade Charges | NA | NA |
Grovalue Securities and Aasmaa Securities Equity Exposure/Leverage
With the leverage, you can trade for a much higher amount than you actually pay for it. It means to borrow money for buying securities. For example, if you want to buy stocks for Rs. 5,00,000, but have only funds of Rs. 2,00,000. Then, you can get the remaining 3,00,000 Rs. from the broker by paying them some margin amount.
Equity Delivery: Leverage provided for Equity Delivery by Grovalue Securities is up to Upto 2x and by Aasmaa Securities it is up to Upto 2x.
Equity Intraday: Leverage for equity intraday by Grovalue Securities is up to Upto 2x and by Aasmaa Securities it is up to Upto 5x.
Equity Futures: Leverage for Equity Futures by Grovalue Securities is up to Upto 2x and by Aasmaa Securities it is up to Upto 2x.
Equity Options: Leverage for Equity Options by Grovalue Securities is up to Upto 4x and by Aasmaa Securities also, it is up to Upto 5x.
| Equity Leverage | Grovalue Securities | Aasmaa Securities |
|---|---|---|
| Equity Delivery | Upto 2x | Upto 2x | Equity Intraday | Upto 2x | Upto 5x | Equity Futures | Upto 2x | Upto 2x | Equity Options | Upto 4x | Upto 5x |
Grovalue Securities and Aasmaa Securities Currency Leverage
The currency futures leverage provided by Grovalue Securities is up to Upto 3x, while for Aasmaa Securities it is up to Upto 2x.
The currency options leverage provided by Grovalue Securities is up to Upto 3x, while for Aasmaa Securities it is up to Upto 3x.
| Currency Leverage | Grovalue Securities | Aasmaa Securities |
|---|---|---|
| Currency Futures | Upto 3x | Upto 2x | Currency Options | Upto 3x | Upto 3x |
Grovalue Securities and Aasmaa Securities Commodity Leverage
The commodity leverage provided by Grovalue Securities is up to Upto 3x, while for Aasmaa Securities it is up to Upto 2x.
| Commodity Leverage | Grovalue Securities | Aasmaa Securities |
|---|---|---|
| Commodity | Upto 3x | Upto 2x |
Grovalue Securities and Aasmaa Securities Offers
Brokers offer various exciting offers to entice new customers. Here are some of them:
Free Stock Trading and Demat Accounts: many brokers offer new investors to open an account free to cost and start trading straight away with them.
Flexible Plans: attractive plans at an economical price such as ProStocks monthly plan targeting equity cash and currency F&O at Rs.899 and Rs.499, respectively.
Brokerage Discounts: Coupons providing up to 50% discount at their rates.
Happy Hours: A specific time slot where the trades/customers get broker's services at a discount.
1-month Free Plan: where brokers provide free delivery trading such as OneTradePlus.
Holiday Offers: brokers are providing their services at a discounted rate on special events such as Diwali.
Referral Program: brokers provide a discount when your family or friends sign up with the broker using your referral code.
Zero Brokerage on Loss Trade: complete refund of money on unsuccessful trades.
| Offers | Grovalue Securities | Aasmaa Securities |
|---|---|---|
| Free Stock Trading Account | Yes | Yes | Free Demat Account | No | No | Flexible Plans | Yes | Yes | Brokerage Discounts | Yes | Yes | Happy Hours | No | No | 1 Month Free Plan | No | No | Holiday Offers | No | Yes | Referral Program | Yes | No | Zero Brokerage on Loss Trades | No | No |
Grovalue Securities and Aasmaa Securities Features
Equity Trading: Grovalue Securities and Aasmaa Securities brokers are among the top brokers in India. They provide you with various trading options like Equity Delivery, Equity Intraday and Equity Futures and Options trading.
Currency and Commodity Trading: Grovalue Securities and Aasmaa Securities also offer you to trade in currency and commodities.
Initial Public Offering (IPOs): One of the greatest advantages of Grovalue Securities and Aasmaa Securities broker is that you can also invest in IPOs. Grovalue Securities also has an added advantage that they provide you with robo-advisory services as well.
Trading Exposure: Different brokers provide different trading exposures. Grovalue Securities offers trading exposure of up to Upto 6x, while Aasmaa Securities gives up to Upto 5x.
Mutual Funds: Investing in mutual funds is a great option to grow your wealth and many brokers offer the option to invest on that. With Grovalue Securities and Aasmaa Securities, you can invest in mutual funds through SIP and Lumpsum.
Forex Trading: With Forex Trading, you can trade in various international currencies. Grovalue Securities and Aasmaa Securities also allow you to trade in forex trading.
| Features | Grovalue Securities | Aasmaa Securities |
|---|---|---|
| Equity Delivery Trading | Yes | Yes | Equity Intraday Trading | Yes | Yes | Equity Futures Trading | Yes | Yes | Equity Options Trading | Yes | Yes | Currency Trading | Yes | Yes |
| Commodity Trading | Yes | Yes | IPO (Initial public offering) | Yes | Yes | Stocks Suggestions | No | No | Robo Advisory | No | No | PMS (Portfolio Management Services) | No | No |
| Trading Institution | No | No | Trading Exposure | Upto 6x | Upto 5x | Mutual Funds | No | Yes | SIP (Systematic Investment Plan) | No | Yes | Forex Trading | No | No | Banking | No | No | Insurance | No | No |
Grovalue Securities and Aasmaa Securities Advisory Services
Discount brokers and full-service brokers offer different services. Here are some of the top advisory services offered by brokers-
Fundamental Reports: These are the reports that analyse a company's financial statements and help investors and financial analysts make decisions about a company's present financial status.
Research Reports: Many broker companies have in-house research teams which are experienced and help people to give research reports on various securities like stocks, currency, mutual funds, etc. Grovalue Securities and Aasmaa Securities offer you in-depth research reports.
Company Reports: These are detailed and easy-to-understand reports on the company's measures throughout the year, month, or week.
Relationship Manager: Full-service broker gives a dedicated relationship manager, who will clear all your trading queries and help you throughout your trading journey.
Other Services: Many brokers provide more services depending upon the brokerage price like Company Stock Reviews, Free Stock Tips, IPO Reports, Top Picks, Daily Market Reviews, Monthly Reports, Weekly Reports and Offline Advisory.
| Advisory Services | Grovalue Securities | Aasmaa Securities |
|---|---|---|
| Fundamental Reports | No | No |
| Research Reports | No | No |
| Company Reports | No | No |
| Annual Reports | No | No |
| Company Stock Review | No | No |
| Free Stock Tips | Yes | Yes |
| IPO Reports | Yes | Yes |
| Top Picks | Yes | Yes |
| Daily Market Review | Yes | Yes |
| Monthly Reports | Yes | Yes |
| Weekly reports | Yes | Yes |
| Offline Advisory | Yes | Yes |
| Relationship Manager | Yes | Yes |
Grovalue Securities and Aasmaa Securities Desktop Trading Platforms
A trader can utilise multiple trading platforms to trade in stocks, commodities, etc. A good and advanced trading platform can make your trading easier and result in profit maximization. Grovalue Securities and Aasmaa Securities offer a Desktop Trading Platform with advanced tools, interactive charts, and quick buying and selling of securities. Their trading platforms can be used in Windows, Mac and Desktop browsers as well.
| Desktop Trading Platforms | Grovalue Securities | Aasmaa Securities |
|---|---|---|
| Windows | Yes | Yes |
| Mac | Yes | Yes |
| Desktop Browser | Yes | No |
Grovalue Securities and Aasmaa Securities Mobile Trading Platforms
Grovalue Securities and Aasmaa Securities offer you mobile trading platforms which can be used in iOS and Android applications.
| Mobile Trading Platforms | Grovalue Securities | Aasmaa Securities |
|---|---|---|
| Mobile Browser | No | No |
| Android App | Yes | Yes |
| iOS App | Yes | Yes |
| Windows App | No | No |
| Other mobile os | No | No |
Grovalue Securities and Aasmaa Securities Customer Support
Customer service is a critical aspect in converting a new customer into a loyal and long-term customer. Because the trading market moves quickly, an investor requires appropriate customer assistance from their brokers. Grovalue Securities and Aasmaa Securities give good customer support and service to their clients. They help you in online trading through chat support, e-mail support and call support.
| Customer Support Features | Grovalue Securities | Aasmaa Securities |
|---|---|---|
| Relationship Manager | No | No |
| Offline Trading | Yes | Yes |
| Online Trading | Yes | Yes |
| 24 * 7 Support | No | No |
| Email Support | Yes | Yes |
| Chat Support | No | No |
| Toll free number | No | No |
| Support Branches | 480 | 119 |
Grovalue Securities and Aasmaa Securities Customer Complaints
The BSE and NSE actively accept and handle complaints to maintain a stringent check and balance on fair-trade opportunities. Investors can file complaints about brokers or companies in case of any unfair trade practices. BSE and NSE make sure to resolve your complaints within a certain time. Check out the table below for Grovalue Securities and Aasmaa Securities registered and resolved complaints.
For Grovalue Securities, the Percentage of resolved BSE complaints is 100.00 % and the Percentage of resolved NSE complaints is 100.00 %.
For Aasmaa Securities, the Percentage of resolved BSE complaints is 100.00 % and the Percentage of resolved NSE complaints is 100.00 %.
We can say that Grovalue Securities is better than Aasmaa Securities in case of resolving customer complaints.
| BSE Complaints | Grovalue Securities | Aasmaa Securities |
|---|---|---|
| BSE Complaints | 1 | 2 |
| BSE Resolved Complaints | 1 | 2 |
| Percentage of resolved BSE complaints | 100.00 % | 100.00 % |
| NSE Complaints | 6 | 3 |
| NSE Resolved Complaints | 6 | 3 |
| Percentage of resolved NSE complaints | 100.00 % | 100.00 % |
| BSE/NSE Complaint vs. Resolved Percentage | 100.00 % | 100.00 % |
Frequently Asked Questions
Is Grovalue Securities better than Aasmaa Securities?
Grovalue Securities and Aasmaa Securities are at the top among the best full service brokers. You need to look for brokerage charges, account opening fees, trading platforms, etc. to determine which one is better.
Is Aasmaa Securities better than Grovalue Securities?
Aasmaa Securities and Grovalue Securities are at the top among the best full service brokers. As a result, we must examine features such as brokerage costs, account opening fees, trading platforms, and more to determine which of them is a better stockbroker.
Which is cheaper between Grovalue Securities and Aasmaa Securities?
Grovalue Securities and operate as full-service brokers, generally resulting in higher brokerage charges compared to discount brokers. In general, the brokerage fees for both of them will be relatively similar. Examine the brokerage fees in-depth to determine the less expensive broker for your requirements.
Which is better, Grovalue Securities and Aasmaa Securities?
To figure out which of the two stockbrokers, Grovalue Securities and Aasmaa Securities, is better, compare their brokerage charges, trading platforms, other expenses, research, account opening charges, and so on.
Compare Grovalue Securities with other stock brokers
Visit the following pages to see a detailed comparision report of Grovalue Securities with other brokerage firms.
Compare Aasmaa Securities with other stock brokers
Visit the following pages to see a detailed comparision report of Aasmaa Securities with other brokerage firms.