The private stock broker – Grovalue Securities started its journey just three years back in 2016. It is a full-service broker with all the services of a traditional broker like trading, research, and advisory, Demat, and other investment-related services.
The firm is based out of Mumbai in Maharashtra and was founded by Ankit Sethi. The brokerage rates that the firm charges for trading various investment products and assets are 0.025% to 0.055% for intraday transactions.
This range of brokerage rates is though starting from an average point but the maximum rate is quite high. Similarly, for the delivery trades, the firm charges 0.25% to 0.55% which is equally on the higher side.
The firm provides only 2 times exposure and that too for high margin money of Rs. 15000 as the minimum. The margin money would also decide the brokerage rate you would be paying.
If you keep more than the minimum margin money required as mentioned, the brokerage rate would decrease towards 0.025% or 0.25% respectively. The firm also takes a very high amount for maintaining the Demat account every year which is Rs. 600.
| Grovalue Securities Highlights |
| Broker Type |
Full-Service Broker |
| Demat Account AMC |
Rs.600 per Annum |
| Margin Required |
Minimum Rs.15,000 |
| Intraday Brokerage |
0.025% – 0.055% |
| Delivery Brokerage |
0.25% – 0.55% |
| Exposure |
Upto 2X |
What do you know about Grovalue Securities?
| About Grovalue Securities |
| Know a few details about Grovalue Securities |
|
| Which type of Company is it? – Public / Private |
Private |
| Which type of Broker is it? – Full Service / Discount |
Full-Service Broker |
| Where is the registered office of the Company Located? |
Mumbai, Maharashtra |
| Who is the Founder of this Company? |
Ankit Sethi |
| When did the company start? |
2016 |
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What are the various Demat Account Opening Charges levied by Grovalue Securities?
| Grovalue Securities Demat Account Opening Fees |
| Check out the various fees charged for Opening a Demat Account with Grovalue Securities |
| Which is the Depository Participant involved? |
CDSL & NSDL |
| What are the Demat account opening charges? |
Rs.250 |
| How much is the Demat AMC? |
Rs.600 per Annum |
| What is the Trading AMC? |
Free |
| What is the initial Margin amount required? |
Minimum Rs.15,000 |
| Is dematerialization available? |
Yes |
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Does Grovalue Securities provide any Offers to their Clients?
| Grovalue Securities Offers |
| Here are the various offers provided by Grovalue Securities |
| Does the broker provide a Free Demat A/C offer? |
No |
| Does the broker provide Free Trading A/C offer? |
Yes |
| Is this broker offers a Discount on Brokerage? |
Yes |
| Does the broker offer Happy hour trading to their clients? |
No |
| Is the broking house provides a flexible brokerage plan? |
Yes |
| Does the broker offer 1-month Free brokerage? |
No |
| Are the Holiday offers provided by the broker? |
No |
| Are there any referral offers shared by the broker? |
Yes |
| Zero Brokerage for Loss-Making Trades |
No |
What are the Brokerage Charges levied by Grovalue Securities on various Segments?
| Grovalue Securities Brokerage Charges |
| Here you will find details of brokerage levied by Grovalue Securities on all segments |
| What are the Equity Delivery Charges? |
0.25% – 0.55% |
| What are the Equity Intraday Charges? |
0.025% – 0.055% |
| How much brokerage charged for Commodity Trading? |
0.02% – 0.05% |
| What is the brokerage on Equity Futures? |
0.025% – 0.055% |
| How much brokerage charged for Equity Options? |
Rs.25 – Rs.55 per Lot |
| What is the brokerage on Currency Futures? |
0.02% – 0.05% |
| What is the brokerage on Currency Options? |
Rs.25 – Rs.55 per Lot |
| How much is the Minimum Brokerage required? |
Percentage of Transaction |
| What is the Demat AMC? |
Rs.600 per Annum |
| How much is the Trading AMC? |
Free |
| What is the Minimum Margin Required? |
Minimum Rs.15,000 |
Does Grovalue Securities levy any other charges apart from Brokerage?
| Grovalue Securities Charges |
| Get a deep understanding of all other charges levied by Grovalue Securities |
| How much are the Transaction Charges levied? |
0.00320% |
| What are the STT charges? |
0.0126% of Total Turnover |
| What are the SEBI Turnover charges? |
0.0002% of Total Turnover |
| How much is the Stamp Duty levied? |
Depends on State (very minimal) |
| How is the GST charged? |
18% of (Brokerage + Transaction Charges) |
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What is the Limit or Exposure offered by Grovalue Securities?
| Grovalue Securities Exposure or Leverage |
| Here you will find the exposure or limit provided by Grovalue Securities |
| How much is the limit on Equity Delivery? |
Upto 2X |
| What is the limit on Equity Intraday? |
Upto 2X |
| How much is the limit on Equity Futures? |
Upto 2X |
| What is the limit on Equity Options? |
Upto 4X |
| What is the exposure on Currency Futures? |
Upto 3X |
| How much is the leverage on Currency Options? |
Upto 3X |
| What is the limit on Commodity Trading? |
Upto 3X |
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What are the various Trading Platforms provided by Grovalue Securities?
| Grovalue Securities Trading Platforms |
| Here you will find all the essential trading platforms available with Grovalue Securities |
| Do they have Trading Terminals for Windows? |
Yes |
| Do they have Trading Terminals for Mac? |
Yes |
| Are they providing Web Trading Platforms? |
Yes |
| Do they have a Mobile Web Platform? |
No |
| Does this broker provide Mobile Trading App for Android? |
Yes |
| Does this broker provide Mobile Trading App for iOS? |
Yes |
| Are they having Mobile App for Windows OS? |
No |
| Do they have Mobile Trading App for Other OS? |
No |
What are the features available in Grovalue Securities Trading Applications?
| Grovalue Securities Trading Application Features |
| Here you will find various features available in Trading Platforms provided by Grovalue Securities |
| Are these platforms capable of Real-time Updates? |
Yes |
| Do these Applications provide Portfolio Details? |
Yes |
| Is this software providing Online MF Buy? |
No |
| Do these platforms have News Flash? |
Yes |
| Are these platforms providing Research Reports? |
No |
| Are these platforms Easy to Install & use? |
Yes |
| Do these Apps have Global Indices? |
Yes |
| Are these platforms having Stock Tips? |
Yes |
| Does this software provide Personalized Advisory? |
No |
| Are these platforms capable of Interactive charting? |
Yes |
| Do these Apps provide Live Markets data? |
Yes |
| Do they provide SMS Alerts? |
Yes |
| Are they providing Email Alerts? |
Yes |
| Do these platforms have a Multi-Account Management solution? |
No |
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What are the various Products provided by Grovalue Securities?
| Grovalue Securities Products |
| Here are the various products provided by it |
| Does the broker allow Equity Trading? |
Yes |
| Does the broker allow Commodity Trading? |
Yes |
| Do they have Currency Trading products available? |
Yes |
| Do they provide Options trading? |
Yes |
| Are the clients allowed to trade in Futures? |
Yes |
| Do they have Mutual Funds as a product? |
No |
| Does the broker allow Forex trading? |
No |
| Does the broker have Banking products? |
No |
| Is SIP allowed by the broker? |
No |
| Do they have Insurance as a Product? |
No |
What are the various Services offered by Grovalue Securities?
| Grovalue Securities Services |
| Check out the various services provided by Grovalue Securities |
| Does the broking house provide Demat Services? |
Yes |
| Does the broking house provide Trading Services? |
Yes |
| Do they have 3 in 1 Account i.e. Demat, Trading & Savings A/C? |
No |
| Do they provide Intraday Services? |
Yes |
| Are they offering IPO Services to the client? |
Yes |
| Do they have Stock Recommendations available? |
Yes |
| Are they providing tools for Robo Advisory? |
No |
| Does the broker provide PMS? |
No |
| Do they have Trading Institution available? |
No |
| What is the Trading Exposure this broker provides? |
Upto 2X |
Does Grovalue Securities provide Research & Advisory to their clients?
| Grovalue Securities Research, Advisory & Stock Tips |
| Here are the various research activities are done by Grovalue Securities |
| Does the broker share Fundamental Reports? |
No |
| Does the broker share Research Reports? |
No |
| Do they provide Company Reports to their clients? |
No |
| Are they analyzing the Annual Reports of Companies? |
No |
| Do they share Company Stock Reviews? |
No |
| Are they sharing Free Stock Tips with their clients? |
Yes |
| Do they analyze & share IPO Reports? |
Yes |
| Does the broking company provide Top Picks? |
Yes |
| Are they sharing Daily Market Review? |
Yes |
| Do they have Monthly Reports? |
Yes |
| Does the broker provide Weekly Reports? |
Yes |
| Are they having Offline Advisory? |
Yes |
| Do they provide Relationship Managers to clients? |
Yes |
What are the Customer Care details of Grovalue Securities?
| Grovalue Securities Customer Support |
| Let’s have a better understanding of Customer Care Service |
| Are they providing Dedicated dealers to their clients? |
No |
| Do they allow Offline Trading? |
Yes |
| Do they have facilities for Online Trading? |
Yes |
| Are they providing 24*7 Support? |
Yes |
| Does this broker provide Email Support? |
No |
| Does this broker have Chat Support? |
No |
| How many Branches the stock broker has? |
480 |
Are there any Complaints filed against Grovalue Securities by their clients?
| Grovalue Securities Complaints |
| Here you will know about the Complaints lodged against it |
| What is the total number of Complaints Lodged in BSE? |
1 |
| How many of these complaints have been Resolved in BSE? |
1 |
| What is the total number of Complaints Lodged in NSE? |
6 |
| How many of these complaints have been Resolved in NSE? |
6 |
What are the Grovalue Securities Review & Ratings as per their Customer?
| Grovalue Securities Ratings & Reviews |
| We are looking at Company’s Ratings on various parameters |
| Stock Market Research & Broking Advisory |
2.6/5 |
| Brokerage & other Charges like – Turnover, Transaction Charges, etc. |
2.9/5 |
| Types of Products & Services the Brand provides |
2.4/5 |
| Performance Mobile App, Trading Terminal & Web Trading Platform |
2.5/5 |
| Experience in the Broking Business |
2.3/5 |
| Total Avg. Rating of Broking House |
2.5/5 |
| Star Rating is given to Stock Broker |
★★★☆☆ |
| Number of People Contributed to These Ratings |
76 |
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