Angel One vs Groww 2026 — Which is Better for IPO?
Side-by-side comparison of Angel One and Groww on IPO features, fees, app ratings, and platform capabilities. Updated for 2026.
Angel One
★ 4.1 · 2 Cr+ · Angel One Super App
Wins on
- ✓SME IPO support
- ✓NRI IPO support
- ✓Net Banking ASBA
- ✓Full ASBA support
- ✓Free equity delivery
Loses on
- ✗Higher IPO rating (4.5★)
- ✗Higher app rating (4.5★)
- ✗Lower AMC (Free)
Groww
★ 4.3 · 2 Cr+ · Groww App
Wins on
- ✓Higher IPO rating (4.5★)
- ✓Higher app rating (4.5★)
- ✓Lower AMC (Free)
- ✓Faster IPO application (2 min)
Loses on
- ✗SME IPO support
- ✗NRI IPO support
- ✗Net Banking ASBA
| Feature | Angel One★ 4.1 | Groww★ 4.3 |
|---|---|---|
| IPO Features | ||
| IPO Rating | ★ 4.3 | ★ 4.5 |
| Application Time | 3 min | 2 min |
| UPI ASBA | ✅ | ✅ |
| Net Banking ASBA | ✅ | ❌ |
| SME IPO Support | ✅ | ❌ |
| NRI IPO Support | ✅ | ❌ |
| Fees | ||
| Account Opening | Free | Free |
| Annual Maintenance | ₹240/year | Free |
| Equity Delivery | Free | ₹20/order |
| Intraday | ₹20/order | ₹20/order |
| F&O | ₹20/order | ₹20/order |
| DP Charge (sell) | ₹20 + GST | ₹20 + GST |
| Platform | ||
| App Rating | 4.2 / 5 | 4.5 / 5 |
| Trading Platform | Angel One Super App | Groww App |
| Founded | 1987 | 2016 |
| Open account | NRI investors & research users Open Angel One | First-time investors Open Groww |
Verdict — Which Should You Choose?
Choose Angel One if you are nri investors & research users. Key strengths versus Groww: SME IPO support; NRI IPO support; Net Banking ASBA.
Choose Groww if you are first-time investors. Key strengths versus Angel One: Higher IPO rating (4.5★); Higher app rating (4.5★); Lower AMC (Free).
Frequently Asked Questions
Which is better for IPO — Angel One or Groww?
Groww has the higher overall IPO rating (4.5/5). Angel One is best for nri investors & research users, while Groww is best for first-time investors.
Which broker has lower charges — Angel One or Groww?
Groww has lower AMC charges. Angel One AMC is ₹240/year; Groww AMC is Free. Equity delivery: Angel One Free; Groww ₹20/order.
Can I apply for SME IPOs on both Angel One and Groww?
Angel One supports SME IPO applications. Groww does not support SME IPOs.
Does Angel One or Groww support NRI investors?
Only Angel One supports NRI IPO applications. Groww does not.
Which broker is better for beginners — Angel One or Groww?
Groww is generally better for beginners. Angel One platform: Angel One Super App (4.2/5). Groww platform: Groww App (4.5/5).