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The differences are that ModelForm gets its field definition from a specified model class, and also has methods that deal with saving of the underlying model to the database. A form is a common form that is unrelated to your database (model ).
A formset is a layer of abstraction to work with multiple forms on the same page. It can be best compared to a data grid.
Django form handling process Display the default form the first time it is requested by the user. ... Receive data from a submit request and bind it to the form. ... Clean and validate the data. ... If any data is invalid, re-display the form, this time with any user populated values and error messages for the problem fields.
A formset is a collection of Django Forms. Each formset has a management form which is used to manage the collection of forms contained in it. Formset stores data like the total number of forms, the initial number of forms and the maximum number of forms in a management form.