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Zerodha Vs Groww (Compare Zerodha and Groww)

Zerodha Logo

About Zerodha
Zerodha is India's No. 1 stockbroker. It is largest and most popular broker offering online flat fee discount brokerage services to invest in Equity, Currency, Commodity, IPO and Direct Mutual Funds. Zerodha charges Rs 0 brokerage for equity delivery trades and direct mutual funds. For intraday and F&O, it charges flat Rs 20 or 0.03% (whichever is lower) per trade. With Zerodha, the maximum brokerage you pay for any transaction is Rs 20 for an order (of any size, amount or segment). Ze... Know more about Zerodha

Nextbillion Technology pvt ltd Logo

About Groww
Groww is a Bangalore based broker offering online flat fee discount brokerage services to invest in Equity, IPO, and Direct Mutual Funds. Groww is the brand name for Nextbillion Technology Private Limited who is a SEBI registered stockbroker and a member of NSE and BSE. Established in 2016, Groww initially started as a direct mutual fund investment platform. In the mid-2020s, Groww expanded its product offering to include Equity trading. The company also offers Digital gold, US Stocks, and Fixe... Know more about Nextbillion Technology pvt ltd

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Zerodha Vs Groww

Incorporated in 2010, Zerodha is a Discount Broker. It offers trading at NSE, BSE, MCX and NCDEX. It has 22 branches across India. Incorporated in 2016, Groww is a Discount Broker. It offers trading at NSE and BSE. It has 0 branches across India.

  Zerodha Groww
Type of Broker Discount Broker Discount Broker
Exchnage Membership NSE, BSE, MCX and NCDEX NSE and BSE
Year of Incorporation 2010 2016
Number of Branches 22 0
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Zerodha Vs Groww Charges & AMC

Zerodha trading account opening charges is Rs 200 while Groww account opening changes is Rs 0. Zerodha Demat Account AMC Charges is Rs 300 and Groww Demat Account AMC Charges is Rs 0.

  Zerodha Groww
Trading Account Opening Charges Rs 200 Rs 0
Trading Account AMC Charges Rs 0 (Free) Rs 0
Demat Account Opening Charges Rs 0 Rs 0
Demat Account AMC Charges Rs 300 Rs 0

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Zerodha Vs Groww Brokerage

Zerodha brokerage charges for equity is Rs 0 (Free) and intraday is Rs 20 per executed order or .03% whichever is lower whereas Groww brokerage charges for equity is Rs 20 per executed order or 0.05% whichever is lower and intraday is Rs 20 per executed order or 0.05% whichever is lower.

Account Type Zerodha Flat Brokerage Plan Groww Standard Plan
Fixed Charges NA
Equity Delivery Rs 0 (Free) Rs 20 per executed order or 0.05% whichever is lower
Equity Intraday Rs 20 per executed order or .03% whichever is lower Rs 20 per executed order or 0.05% whichever is lower
Equity Futures Rs 20 per executed order or .03% whichever is lower NA
Equity Options Rs 20 per executed order NA
Currency Futures Rs 20 per executed order or .03% whichever is lower NA
Currency Options Rs 20 per executed order or .03% whichever is lower NA
Commodity Futures Rs 20 per executed order or .03% whichever is lower NA
Commodity Options Rs 20 per executed order or .03% whichever is lower NA
Special Offer
Special Offer: Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account online with Zerodha and start trading today.

Zerodha Charges Vs Groww

Minimum Brokerage 0.03% in Intraday and F&O Rs 20 or 0.05% per executed order
Other Charges Physical contact notes: Rs 20, Trade SMS Alerts: Rs 1 per SMS Physical Contract Note: Rs 20 + Courier Charges; Auto square off charges : Rs 50
Call & Trade Charges Rs 50 per executed order NA

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Zerodha Vs Groww Transaction Charges

Zerodha transaction charges for options is NSE Rs 5300 per Cr (0.053%) (on premium) while Groww exchange transaction charges for options is NA.

  Zerodha Groww
Equity Delivery NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side) NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Intraday NSE Rs 345 per Cr (0.00345%) | BSE Rs 300 per Cr (0.003%) (each side) NSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
Equity Futures NSE Rs 200 per Cr (0.002%) NA
Equity Options NSE Rs 5300 per Cr (0.053%) (on premium) NA
Currency Futures NSE Rs 90 per Cr (0.0009%) | BSE Rs 22 per Cr (0.00022%) NA
Currency Options NSE Rs 3500 per Cr (0.035%) | BSE Rs 100 per Cr (0.001%) (on premium) NA
Commodity Group A - Rs 260 per Cr (0.0026%) NA
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Zerodha Vs Groww Leverage (Margin)

Zerodha margin for intraday trading is up to 20% of the trade value (5x leverage) based on the stock whereas the Groww margin for intraday cash is also up to 20% of the trade value (5x leverage) based on the stock.

  Zerodha Groww
Equity Delivery 100% of trade value (1x leverage) 100% of trade value (1x leverage)
Equity Intraday Up to 20% of trade value (5x leverage) Up to 20% of trade value (5x leverage)
F&O (Eq, Curr, Comm) 100% of NRML margin (Span + Exposure) (1x leverage) 100% of NRML margin (Span + Exposure) (1x leverage)
Open Zerodha AccountEnquire Groww

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Compare Zerodha and Groww Features

The trading platforms offered Zerodha include Kite Web, Kite Mobile for Android/iOS and Coin. Groww offers Groww trading software.

  Zerodha Groww
3 in 1 Account No No
Charting Yes Yes
Automated Trading Yes No
SMS Alerts No Yes
Online Demo Yes Yes
Online Portfolio No Yes
Margin Trading Funding No No
Margin Against Shares (Equity Cash) Yes No
Margin Against Shares (Equity F&O) Yes No
Trading Platform Kite Web, Kite Mobile for Android/iOS and Coin Groww
Intraday Square-off Time Eq Cash: 3:15 PM | Eq F&O : 3:25 PM | Currency: 4:45 PM | Commodities: 25 min before close 3:10 PM
Other Features Direct Mutual Funds, APIs for Algo Trading
Referral Program Yes
Open Zerodha AccountEnquire Groww

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Zerodha Vs Groww Review

Zerodha is rated 3.7 of 5 based on 452 customer reviews whereas Groww is rated 4.0 of 5 based on 45 customer reviews.

  Zerodha Groww
  452 Customer Reviews    Rate Zerodha 45 Customer Reviews    Rate Groww
Fees 3.7 4.2
Brokerage 4.3 3.9
Trading Platform 3.6 3.8
Customer Service 3.4 3.5
Research Capabilities 2.8 3.0
Overall Ratings Rated 3.7 stars Rated 4.0 stars
Broker Rating Zerodha is rated 3.7 of 5 based on 452 customer reviews Groww is rated 4.0 of 5 based on 45 customer reviews

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Contact Broker / Request A Call Back

  Zerodha Enquire Groww Enquire
Contact Broker Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account online with Zerodha and start trading today. Leave your contact information and we will get in touch with you....

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Zerodha Vs Groww Investment Options

  Zerodha Groww
Stock / Equity Yes Yes
Commodity Yes No
Currency Yes No
IPO Yes Yes
Mutual Funds Yes Yes
Bond / NCD No No
Debt No Yes
Other Investment Options Digital Gold, US Stocks, Fixed Deposits

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Zerodha Vs Groww Order Type Offered

  Zerodha Groww
Bracket Order No No
Cover Order Yes No
Buy Today Sell Tomorrow (BTST) Yes Yes
Sell Today Buy Tomorrow (STBT) No No
After Market Order(AMO) Yes No
Good Till Cancelled (GTC) Yes No
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Zerodha Vs Groww Research Report

  Zerodha Groww
Daily Market Report No No
Free Tips No No
Quarterly Result Analysis No No
News Alerts No No

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Zerodha Vs Groww Suitable For Investor Type

  Zerodha Groww
Casual Investor Yes Yes
Active Investor Yes
Trader Yes

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Zerodha Vs Groww - Pros and Cons

  Zerodha Groww
Pros
  • India's No. 1 broker in terms of the number of active clients and exchange volume.
  • Safe, reliable, and most technologically advance broker in India.
  • Simple flat fee brokerage services across segments and exchanges (BSE, NSE, MCX).
  • Free equity delivery trades. No brokerage charges for Cash-N-Carry orders.
  • Flat Rs 20 per trade brokerage for all other segments.
  • Excellent trading platforms (Kite) available for free.
  • Direct Mutual Fund Investment is available.
  • Good Till Triggered (GTT) orders are available. These are similar to GTC orders.
  • NRI Trading account is available.
  • Simple pricing model with low-cost trading charges.
  • Free Mutual Fund investments with no hidden charges.
  • Zero Account opening fee.
  • Zero Maintenance Charges.
  • Direct MF platform that helps you earn an extra 1.5% returns.
  • E-books, Resources, and Blogs that provide the basics and updates on the stock market to help investors make an informed decision.
  • Instant paperless account opening.
  • Online IPO application.
  • Inhouse Brokerage Calculator
  • Option to invest online in digital gold and US Stocks. Other products (Derivatives, FD) in the pipeline. 
Cons
  • It does not provide stock tips, research, and recommendations.
  • Call & Trade is charged an extra Rs 50 per order.
  • Auto Square off is charged at an extra Rs 50 per order.
  • It does not offer a 3-in-1 account.
  • It does not offer monthly unlimited trading plans.
  • It does not offer an AMC Free Demat account.
  • No margin funding.
  • Limited investment products with no option to currently trade in derivatives (futures & options), commodity, and currency segment.
  • No Call and Trade services.
  • Branch support not available.
  • Do not provide stock tips, research reports, or recommendations.
  • No Margin trading facility.
  • No Margin against shares.
  • Advanced order types like BO, CO, AMO, and GTT not available.
  • Trailling stop loss orders are not available in Groww app.
  • Do not offer NRI Trading.
Reviews

Groww is a Bangalore based broker offering online services to invest in Equity, IPO, and Direct Mutual Funds. Groww is registered with SEBI as a stock broker in the name of NextBillion Technology Limited. Groww is also a member of the NSE, BSE, and CDSL depository.

Groww is an online discount broker with a simple pricing model based on a flat fee. The company charges a lower of Rs 20 or 0.05% per executed trade and offers Free Mutual Fund services with no charges in investing or redemption of mutual funds.

The account opening with Groww is also free with no maintenance charges. It does not offer any tips, recommendations, and research services. Groww offers its trading platform called Groww on web and mobile app to enjoy a seamless trading experience for its investors.

Promo / Offers

Free Equity Delivery Trading and Mutual Funds

  • Brokerage-free Equity Delivery and flat Rs 20 per trade for Intraday & F&O +
  • Brokerage-free Direct Mutual Fund investment +
  • Trade with the best trading platform in India.

This is a limited-time offer. Open Instant Zerodha Account online and start trading today.

Open Zerodha AccountEnquire Groww

Frequently Asked Questions

  1. 1. What is difference between Groww and Zerodha?

    Groww and Zerodha are discount brokers offering online trading and investment services to their customers. They are quite similar in terms of services and charges. Here are the few differences:

    Difference between Groww and Zerodha

    Points of Difference Zerodha Groww

    Account Opening

    Rs 200

    Free

    Annual Maintenance Charges

    Rs 300

    Zero

    Equity Delivery Brokerage

    Free

    Rs 20 per trade

    Algo Trading

    Available

    Not available

    Cover Order

    Available

    Not available

    GTT/GTC/GTD Orders

    Available

    Not available

    US Stocks

    Not available

    Available

    Commodity Trading at MCX

    Available

    Not available

    Currency F&O Trading

    Available

    Not available

    Call & Trade Service

    Available

    Not available

    NRI Trading Account

    Available

    Not Available

    API for Trading

    Available

    Not Available

     

  2. 2. Is Groww better than Zerodha?

    Groww and Zerodha are both online discount brokers offering low-cost brokerage services to the customers.

    Groww was established as a direct mutual fund platform and is now expanding its offering to other areas like Stocks, Gold, US Stocks, and Fixed Deposits. Groww offers free account opening with zero maintenance charges.

    Zerodha is India's No.1 stockbroker offering services to services to invest in Equity, Currency, Commodity, IPO, and Direct Mutual Funds. Zerodha offers brokerage free Equity delivery trading.

    Read Groww vs Zerodha for a more detailed comparison.

     

  3. 3. Is Zerodha better than Groww?

    Zerodha is India's No. 1 broker that pioneered the online discount broking business in India. Zerodha offers brokerage-free Equity Delivery trading. It provides its customers with an advanced trading platform to trade in Equity, Equity Derivatives, Currency, Commodity, IPO, and Mutual Funds. Zerodha also offers advanced order types like Cover Order, GTC, and API (Application Programming Interface) based algo trading.

    Groww is also an online discount broker that offers trading and investment services in Equity, Mutual funds, Gold and expanding to other areas like US Stocks and Fixed Deposits. Groww offers free account opening with zero maintenance charges. Started as a mutual fund platform, Groww offers one of the best apps for mutual funds investment in India.

    Read Zerodha Vs Groww for more details.

     

  4. 4. Which is better Zerodha or Groww?

    Zerodha and Groww are SEBI registered stock brokers offering low-cost online trading and investment services.

    Comparison of Zerodha vs Groww

    Topic Zerodha Groww

    Account Opening Charges

    Rs 200

    Rs 0

    Demat AMC Charges

    Rs 300

    Rs 0

    Equity Delivery Brokerage

    Rs 0

    Lower of Rs 20 or 0.05% per executed order

    Products

    Equity, F&O, Currency, Commodity, Mutual Funds, IPO.

    Equity, Digital gold, Mutual funds. Expanding to other areas viz. F&O, US Stocks, Fixed Deposits.

    Mutual Fund Investment App

    Separate app (Coin) for mutual fund investments.

    All-in-one investment platform to invest across multiple asset classes.

    Local support

    Limited branch offices in the form of sales offices, online and offline partner offices.

    No branch.

    NRI Account

    NRI trading available for Equity (Delivery) and F&O.

    NRI trading not available.

    Trading API

    Provides APIs for Algo trading.

    Algo trading not available.

     

  5. 5. Why is Zerodha better than Groww?

    While Zerodha and Groww, both are online discount brokers, Zerodha is better than Groww on the following counts:

    1. Zerodha is the pioneer of the discount broking business in India.
    2. Zerodha offers brokerage-free Equity Delivery trading.
    3. Zerodha allows to trade in Currency as well as Commodities along with Equity and F&O.
    4. Zerodha offers a range of excellent and advanced trading platforms and tools.
    5. Zerodha provides a set of API for algo trading. 
    6. Zerodha offers a margin against shares.
    7. Zerodha offers NRI trading account.
    8. Zerodha has better trading platform.

     

  6. 6. Why is Groww better than Zerodha?

    While Groww and Zerodha, both are online discount brokers offering low-cost brokerage services to investors, Groww scores over Zerodha in the following ways:

    1. Groww offers free account opening.
    2. There are no account maintenance charges in Groww.
    3. Groww offers to invest in Digital Gold, US Stocks, and Fixed Deposit along with Equity and F&O.
    4. Groww has an all-in-one investment platform to trade across multiple asset classes.
    5. Groww has an established mutual fund platform with a large customer base.

     


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