Zerodha Vs Groww (Compare Zerodha and Groww)

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

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

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.

	Zerodha	Groww
Account Type	Flat Brokerage Plan	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

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

Zerodha Vs Groww Leverage (Margin)

Zerodha margin for intraday trading is up to 6 times of the trade value based on the volatility of the stock whereas the Groww margin for intraday cash is up to 6x of the trade value based on the stock.

As per the new policy, the margin offered by the broker will be decided by the exchange from Sept 01, 2021. Brokers cannot offer 'additional margin' like 40x in any segment. All brokers will offer the same margin exposure or leverage.

	Zerodha	Groww
Equity Delivery	1x (no margin)	1x (no margin)
Equity Intraday	Up to 6x (based on the stock)	Up to 6x (based on the stock)
Equity F&O	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Currency Futures	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)
Commodity Futures	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)	Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure)

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
Charting
Automated Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding
Margin Against Shares (Equity Cash)
Margin Against Shares (Equity F&O)
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

Zerodha Vs Groww Review

Zerodha is rated 3.7 of 5 based on 435 customer reviews whereas Groww is rated 3.7 of 5 based on 31 customer reviews.

	Zerodha	Groww
	435 Customer Reviews	31 Customer Reviews
Fees
Brokerage
Trading Platform
Customer Service
Research Capabilities
Overall Ratings
Broker Rating	Zerodha is rated 3.7 of 5 based on 435 customer reviews	Groww is rated 3.7 of 5 based on 31 customer reviews

Zerodha Vs Groww Investment Options

	Zerodha	Groww
Stock / Equity
Commodity
Currency
IPO
Mutual Funds
Bond / NCD
Debt
Other Investment Options		Digital Gold, US Stocks, Fixed Deposits

Zerodha Vs Groww Order Type Offered

	Zerodha	Groww
Bracket Order
Cover Order
Buy Today Sell Tomorrow (BTST)
Sell Today Buy Tomorrow (STBT)
After Market Order(AMO)
Good Till Cancelled (GTC)

Zerodha Vs Groww Research Report

	Zerodha	Groww
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Zerodha Vs Groww Suitable For Investor Type

	Zerodha	Groww
Casual Investor
Active Investor
Trader

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.

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

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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.

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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.

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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.

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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.

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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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