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About Zerodha
Zerodha is India's leading stockbroker. It is among the largest and most reputed brokers offering online flat fee discount brokerage services to invest in Equity, Currency, Commodity, IPO, Futures & Options, Bonds, Govt. Securities, and Direct Mutual Funds.Zerodha charges Rs 0 brokerage for equity delivery trades and direct mutual funds. For intraday and Futures, it charges flat Rs 20 or 0.03% (whichever is lower) per trade. Further, for Options trades, it charges Flat Rs. 20 per executed orde... 
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...
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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 |
| Open Zerodha Account |
Zerodha Vs Groww Charges & AMC
Zerodha trading account opening charges is Rs 200 (Free for age under 25) while Groww account opening changes is Rs 0 (Free). 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 (Free for age under 25) | 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 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 | NA |
| Commodity Futures | Rs 20 per executed order or .03% whichever is lower | NA |
| Commodity Options | Rs 20 per executed order | NA |
| Special Offer | Special Offer: Invest without brokerage fees in Equity Delivery and Direct Mutual Funds. Pay a flat Rs 20 per trade for Intra-day and F&O. Open an instant account with Zerodha and start trading today. | Zerodha (Flat Rs 20 Per Trade) 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. |
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 5050 per Cr (0.0505%) | BSE Rs 500 per Cr (0.005%) (on premium) while Groww exchange transaction charges for options is NSE Rs 5000 per Cr (0.05%) | BSE Rs 3750 per Cr (0.0375%) (on premium).
| Zerodha | Groww | |
|---|---|---|
| Equity Delivery | NSE Rs 335 per Cr (0.00335%) | BSE Rs 375 per Cr (0.00375%) (each side) | NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (each side) |
| Equity Intraday | NSE Rs 335 per Cr (0.00335%) | BSE Rs 375 per Cr (0.00375%) (sell side) | NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (sell side) |
| Equity Futures | NSE Rs 190 per Cr (0.0019%) | BSE Rs 0 | NSE Rs 190 per Cr (0.0019%) | BSE Rs 0 |
| Equity Options | NSE Rs 5050 per Cr (0.0505%) | BSE Rs 500 per Cr (0.005%) (on premium) | NSE Rs 5000 per Cr (0.05%) | BSE Rs 3750 per Cr (0.0375%) (on premium) |
| Currency Futures | NSE Rs 90 per Cr (0.0009%) | BSE Rs 90 per Cr (0.0009%) | |
| Currency Options | NSE Rs 3500 per Cr (0.035%) | BSE Rs 100 per Cr (0.001%) (on premium) | (on premium) |
| 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) |
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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 |  | |
| 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 |
| Trading In SME Shares Allowed? | | |
| Referral Program | | |
| Other Features | Direct Mutual Funds, APIs for Algo Trading | |
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Zerodha Vs Groww Review
Zerodha is rated 3.7 of 5 based on 481 customer reviews whereas Groww is rated 3.9 of 5 based on 95 customer reviews.
| Zerodha | Groww | |
|---|---|---|
| 481 Customer Reviews | 95 Customer Reviews | |
| Fees |  |  |
| Brokerage |  |  |
| Trading Platform | |  |
| Customer Service |  |  |
| Research Capabilities |  |  |
| Overall Ratings |  | |
| Broker Rating | Zerodha is rated 3.7 of 5 based on 481 customer reviews | Groww is rated 3.9 of 5 based on 95 customer reviews |
Contact Broker / Request A Call Back
| Zerodha Enquire | Groww Enquire | |
|---|---|---|
| Contact Broker | Invest without brokerage fees in Equity Delivery and Direct Mutual Funds. Pay a flat Rs 20 per trade for Intra-day and F&O. Open an instant account 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 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) | | |
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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 |
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| Cons |
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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. | |
| Promo / Offers | Zerodha Special OfferFree stock trading and mutual funds
This is a limited time offer. Open an instant Zerodha account online and start trading today. | Zerodha (India's Best & No. 1 Broker)Special Offer - Free Equity Delivery and Mutual Funds
|
| Open Zerodha Account |
Frequently Asked Questions
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
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
Not Available
API for Trading
Not Available
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. Which is better Groww or Zerodha?
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.
- Groww offers free account opening whereas, Zerodha charges Rs 200 towards account opening.
- Groww charges a brokerage of Rs 20 for Equity Delivery trading whereas, Zerodha offers free Equity Delivery trading.
- Groww has zero maintenance charges whereas, Zerodha charges Rs 300 as AMC for the demat account.
- Groww offers to invest in US Stocks, Gold, and Fixed Deposits other than Equity and F&O whereas, Zerodha provides Equity, Commodity and Currency trading.
- Zerodha facilitates call and trade services whereas, Groww does not provide Call and trade facilities.
- NRI Trading is available with Zerodha but not with Groww.
- Zerodha has advanced order types like Cover order, Good Till Triggered, but Groww offers only basic order types.
- Groww has one platform for all investments whereas, Zerodha provides a separate trading platform for mutual fund investments.
4. 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.
5. 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.
6. Why is Zerodha better than Groww?
While Zerodha and Groww, both are online discount brokers, Zerodha is better than Groww on the following counts:
- Zerodha is the pioneer of the discount broking business in India.
- Zerodha offers brokerage-free Equity Delivery trading.
- Zerodha allows to trade in Currency as well as Commodities along with Equity and F&O.
- Zerodha offers a range of excellent and advanced trading platforms and tools.
- Zerodha provides a set of API for algo trading.
- Zerodha offers a margin against shares.
- Zerodha offers NRI trading account.
- Zerodha has better trading platform.
7. 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:
- Groww offers free account opening.
- There are no account maintenance charges in Groww.
- Groww offers to invest in Digital Gold, US Stocks, and Fixed Deposit along with Equity and F&O.
- Groww has an all-in-one investment platform to trade across multiple asset classes.
- Groww has an established mutual fund platform with a large customer base.
2 Comments
2.Ramesh Tasgaonkar || Link|July 24, 2023 9:34:22 PMReply
Please comment on the Customer care quality of both companies..
1.AB || Link|April 13, 2022 9:00:58 PMReply
Excellent comparison! Thanks a lot!
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