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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).
Zerodh... 
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...
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 |
| Open Zerodha Account |
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 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 | Rs 20 per executed order |
| Equity Options | Rs 20 per executed order | Rs 20 per executed order |
| 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 (Trade with the best stock broker) 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 and start trading today. |
| 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 transaction charges for options is NSE Rs 5300 per Cr (0.053%) (on premium) while Groww exchange transaction charges for options is NSE: 0.053% on premium.
| 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%) | NSE: 002% |
| Equity Options | NSE Rs 5300 per Cr (0.053%) (on premium) | NSE: 0.053% on premium |
| 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 |
| Open Zerodha Account |
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 Account |
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 |  |
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| Automated Trading | |
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| SMS Alerts | |
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| Online Demo | |
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| Online Portfolio | |
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| Margin Trading Funding | |
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| Margin Against Shares (Equity F&O) | |
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| 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 |
| Trading In SME Shares Allowed? | |
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| Referral Program | |
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| Other Features | Direct Mutual Funds, APIs for Algo Trading | |
| Open Zerodha Account |
Zerodha is rated 3.7 of 5 based on 463 customer reviews whereas Groww is rated 4.0 of 5 based on 64 customer reviews.
| Zerodha | Groww | |
|---|---|---|
463 Customer Reviews  |
64 Customer Reviews |
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| Overall Ratings | |
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| Broker Rating | Zerodha is rated 3.7 of 5 based on 463 customer reviews | Groww is rated 4.0 of 5 based on 64 customer reviews |
| 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. | 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 and start trading today. |
| Zerodha | Groww | |
|---|---|---|
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| IPO | |
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| Bond / NCD | |
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| Other Investment Options | Digital Gold, US Stocks, Fixed Deposits |
| Zerodha | Groww | |
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| Bracket Order | |
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| Cover Order | |
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| Buy Today Sell Tomorrow (BTST) | |
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| Sell Today Buy Tomorrow (STBT) | |
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| After Market Order(AMO) | |
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| Good Till Cancelled (GTC) | |
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| Open Zerodha Account |
| Zerodha | Groww | |
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| Daily Market Report | |
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| Free Tips | |
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| Quarterly Result Analysis | |
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| News Alerts | |
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| Zerodha | Groww | |
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| Casual Investor | |
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| Zerodha | Groww | |
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| 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. |
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| Promo / Offers | Zerodha Special OfferFree Equity Delivery Trading and Mutual Funds
This is a limited-time offer. Open Instant Zerodha Account online and start trading today. |
Zerodha (India's Best & No. 1 Broker)Special Offer - Free Equity Delivery and Mutual Funds
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| Open Zerodha Account |
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:
| Points of Difference | Zerodha | Groww |
|---|---|---|
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Account Opening |
Rs 200 |
Free |
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Annual Maintenance Charges |
Rs 300 |
Zero |
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Equity Delivery Brokerage |
Free |
Rs 20 per trade |
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Algo Trading |
Available |
Not available |
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Cover Order |
Available |
Not available |
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GTT/GTC/GTD Orders |
Not available |
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US Stocks |
Not available |
Available |
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Commodity Trading at MCX |
Available |
Not available |
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Currency F&O Trading |
Available |
Not available |
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Call & Trade Service |
Available |
Not available |
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NRI Trading Account |
Not Available |
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API for Trading |
Not Available |
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.
Overall, Zerodha is a far better broker than Groww in reputation, trust, trading tools, excellent learning initiatives, strong and transparent management, not backed by VCs, and brokerage free equity delivery.
Groww and Zerodha both are online discount brokers offering low-cost trading and investment services to investors. You can choose the one that best suits your trading motives.
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.
Zerodha and Groww are SEBI registered stock brokers offering low-cost online trading and investment services.
| Topic | Zerodha | Groww |
|---|---|---|
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Account Opening Charges |
Rs 200 |
Rs 0 |
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Demat AMC Charges |
Rs 300 |
Rs 0 |
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Equity Delivery Brokerage |
Rs 0 |
Lower of Rs 20 or 0.05% per executed order |
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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. |
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Mutual Fund Investment App |
Separate app (Coin) for mutual fund investments. |
All-in-one investment platform to invest across multiple asset classes. |
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Local support |
Limited branch offices in the form of sales offices, online and offline partner offices. |
No branch. |
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NRI Account |
NRI trading available for Equity (Delivery) and F&O. |
NRI trading not available. |
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Trading API |
Provides APIs for Algo trading. |
Algo trading not available. |
While Zerodha and Groww, both are online discount brokers, Zerodha is better than Groww on the following counts:
While Groww and Zerodha, both are online discount brokers offering low-cost brokerage services to investors, Groww scores over Zerodha in the following ways:
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Apr 13, 2022 9:00:58 PM
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30 days brokerage free trading
Free - Relationship Manager
Free - Classroom Training
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Open Zerodha Account
