Zerodha Vs Groww Comparison to find which one is for you
Choosing the right investment platform is crucial for achieving financial goals. Zerodha and Groww are two prominent platforms in the Indian market, each offering unique features and benefits. Zerodha, known for its low brokerage fees and advanced trading tools, caters to experienced traders. On the other hand, Groww provides a user-friendly interface and simplified investment options, making it ideal for beginners and long-term investors. By comparing their features, fees, and suitability to individual investment styles, investors can determine which platform aligns best with their needs and preferences for wealth creation.
About Zerodha
Zerodha is a top stockbroker in India. It’s one of the biggest and most trusted brokers providing online discount brokerage services. You can invest in various things like stocks, currency, commodities, IPOs, and more through Zerodha. They don’t charge any brokerage fees for buying and holding stocks for delivery or for investing in mutual funds directly. But for trading during the day or in the futures market, they charge a fixed fee of Rs 20 per trade or 0.03% of the trade value, whichever is lower.
About Groww
Groww is a brokerage company based in Bangalore. They provide online discount brokerage services for investing in stocks, IPOs, and mutual funds directly. Groww operates under the name Nextbillion Technology Private Limited, which is a registered stockbroker with SEBI and a member of NSE and BSE. Founded in 2016, Groww initially focused on offering a platform for investing in mutual funds directly. However, in the mid-2020s, they expanded their services to include equity trading as well.
Zerodha Vs Groww
Zerodha, established in 2010, operates as a Discount Broker, providing trading services at NSE, BSE, MCX, and NCDEX. With a network of 22 branches spread across India, Zerodha serves its customers nationwide. In contrast, Groww, founded in 2016, also operates as a Discount Broker, offering trading services exclusively at NSE and BSE. However, Groww does not have any physical branches, conducting its operations solely online.
Zerodha | Groww | |
|---|---|---|
| Exchange Membership | 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
To open a trading account with Zerodha, there’s a fee of Rs 200, while Groww offers account opening for free, with no charges. Additionally, Zerodha charges Rs 300 for the annual maintenance of the Demat Account, whereas Groww does not impose any AMC charges for the Demat Account, making it more cost-effective for investors.
Zerodha | Groww | |
|---|---|---|
| Trading Account Opening Charges | Rs 200 | Rs 0 (Free) |
| 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 offers free brokerage charges for equity trading and charges Rs 20 per executed order or 0.03% of the trade value for intraday trading, whichever is lower. On the other hand, Groww charges Rs 20 per executed order or 0.05% of the trade value for both equity and intraday trading, 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 | NA |
| Commodity Futures | Rs 20 per executed order or .03% whichever is lower | NA |
| Commodity Options | Rs 20 per executed order | NA |
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 Leverage (Margin)
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)Â | 100% of NRML margin (Span + Exposure) (1x leverage) | 100% of NRML margin (Span + Exposure) (1x leverage) |
Zerodha Vs Groww – Pros and Cons
Zerodha | Groww | |
|---|---|---|
| Pros | India’s leading broker in terms of the number of active clients, exchange volume and brokerage revenue.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. 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 CalculatorOption 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.Doesn’t offer trading in SME shares.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. |
In choosing between Zerodha and Groww, consider your investment needs and preferences. Zerodha offers free equity trading and competitive intraday rates, while Groww provides a user-friendly platform with standardized brokerage charges. Assessing fees, services, and trading experience can help you make an informed decision aligned with your financial goals. Like this post? Don’t forget to check out our other short stories in our Latest section