Both the brokers are registered with SEBI. Upstox offers investmenet in Equity, F&O, Currency and Commodities, where Groww offers investment in Equity, F&O and Currency only. The brokerage of Upstox Max Rs 20 per trade while the brokerage of Groww Max Rs 20 per trade. Both the brokers are Discount Brokers. Upstox is having overall higher rating compare to Groww. Upstox is rated 4.5 out of 5 where Groww is rated only 4 out of 5. Number of active customer for Groww is 51,65,760 where number of active customer for Upstox is 38,64,087. Groww is serving more customer compare to Upstox.
Here we present side-by-side comparison of Upstox vs Groww share brokers in India. The comparison is based on more than 100+ attributes for clear decision making. To be precise, we have compared Upstox vs Groww's on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India. This will help you in make up your mind and clear things for you so that you can choose the best broker for youself. We also help our visitors with account opening.
Here we present side-by-side comparison of Upstox vs Groww share brokers in India. The comparison is based on more than 100+ attributes for clear decision making.
To be precise, we have compared Upstox vs Groww's on
This will help you in make up your mind and clear things for you so that you can choose the best broker for yourself. We also help our visitors with account opening.
|Broker Type||Discount Broker||Discount Broker|
|Exchanges Supported||NSE, BSE, MCX||NSE, BSE|
|Broker Overview||One of the best discount brokers in India 2023 with ₹20 flat brokerage charges, free mutual fund investment, fantastic feature-rich Upstox pro trading platform in web and app versions, and reliable customer service.||Groww is the top broker for beginners with a crystal clear user interface-enabled safe & secure Groww App & a web-based platform to invest in direct mutual funds for free and trade-in equity & derivatives segment at Rs. 20/order flat brok...|
Comparison of Upstox with Groww on trading & demat account opening charges and AMC. Trading account opening charges - Groww offer Free account opening where Upstox charges Promotion offer: Free for account opening. Demat AMC charges - Both broker don't charge any AMC for Demat Account.
|Trading Account Opening Fees||Promotion offer: Free||Free|
|Demat Account Opening Fees||Free||Free|
|Provide DP Service|
Plans are the most important feature you look when compare Upstox with Groww. This section compare on high level about type of plans offered by brokers. Multiple Plans - Both the brokers don't have Multiple Plans, brokers offer only single plan.. Monthly Plans - Both the brokers don't have Monthly Plans.
|Account Opening Request|
Upstox Brokerage Plan detail - Equity Delivery Free and Rs 20 Per executable order for others
Groww Brokerage Plan detail - Flat brokerage plan that charges Rs. 20 per order on trading in intraday segment whereas offers free delivery trading.
|Brokerage Charges Compare||Upstox||Groww|
|Plan Name||Max Rs 20 Per Order Trading Plan||Flat Brokerage Plan|
|Equity Delivery||2.5% or Rs 20 whichever is lower||0.05% or Rs 20 whichever is lower|
|Equity Intraday||0.05% or Rs 20 whichever is lower||0.05% or Rs 20 whichever is lower|
|Equity Futures||0.05% or Rs 20 whichever is lower||Flat Fee Rs 20|
|Equity Options||Flat Fee Rs 20||Flat Fee Rs 20|
|Currency Futures||0.05% or Rs 20 whichever is lower||Not Available|
|Currency Options||Flat Fee Rs 20||Not Available|
|Commodity Trading||Flat Fee Rs 20||Not Available|
|Hidden Charges||Info Not Available||Info Not Available|
|Funding||Info Not Available||Info Not Available|
|Call & Trade Charges||Rs 20 Per Executable Order||Rs 50 Per Executable Order|
|Auto Square off Charges||Rs 20 Per Executable Order||Rs 50 Per Executable Order|
|Brokerage Calculator||Brokerage Calculator for Upstox||Brokerage Calculator for Groww|
Compare Upstox with Groww on transaction charges and PCM fee by segment.
|Transaction Charges Compare||Upstox||Groww|
|Equity Delivery||Rs 325 Per Cr||Rs 325 Per Cr|
|Equity Intraday||Rs 325 Per Cr||Rs 325 Per Cr|
|Equity Futures||Rs 210 Per Cr||Rs 210 Per Cr|
|Equity Options||Rs 5500 Per Cr||Rs 5500 Per Cr|
|Currency Futures||Rs 150 Per Cr||NA|
|Currency Options||Rs 6000 Per Cr||NA|
|Commodity||Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr||NA|
|Brokerage Charges||Complete Brokerage Plans for upstox||Complete Brokerage Plans for groww|
Compare Upstox with Groww on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - Upstox offers 3-in-1 account where Groww offers only 2-in-1 account which includes trading and demat account. Algo Trading - Upstox offers Algo Trading where Groww doesn't offers Algo Trading. Margin Funding - Groww offers a margin funding where Upstox doesn't offers margin funding. NRI Trading - both doesn't offer NRI Trading facility.
|Account Features Compare||Upstox||Groww|
|3 in 1 Account|
|Margin Trading Funding Available|
|Combined Ledger for Equity and Commodity|
|Intraday Square-off Time||3:15PM||3:10 PM|
With our expert research team, we have compared all the major features of Trading platform b/w Upstox and Groww. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided links for mobile app to download and demo links for easy access.
|Trading Platform Compare||Upstox||Groww|
|Desktop Trading Platform||Upstox Pro|
|Desktop Demo||Info Not Available||Info Not Available|
|Desktop Platform (Windows)|
|Desktop Platform (Mac)|
|Web Trading Platform|
|Web Trading Detail||https://pro.upstox.com/||Yes|
|Web Trading Demo||Web Trading Demo||Info Not Available|
|Mobile Trading App||Upstox||Yes|
|Mobile Trading App Demo||Upstox Demo||Info Not Available|
|Android Mobile App|
|Android App Download||Andriod Upstox Download||Andriod Yes Download|
|iPhone Mobile App (IOS)|
|iOS App Download||iOS Upstox Download||iOS Yes Download|
|Android Tablet App|
|iPad App (IOS)|
|Trading Software Charges||Free||Free|
|Equity Brokerage Calculator||Equity Intraday and Delivery Brokerage Calculator for Upstox||Equity Intraday and Delivery Brokerage Calculator for Groww|
|Futures Brokerage Calculator||Futures Brokerage Calculator for Upstox||Futures Brokerage Calculator for Groww|
|Options Brokerage Calculator||Options Brokerage Calculator for Upstox||Options Brokerage Calculator for Groww|
|Detail||Detail on Trading Platforms for upstox||Detail on Trading Platforms for groww|
Compare Upstox with Groww on Investment Offerings like Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - Both broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Upstox offers trading options in Commodity (MCX) where Groww doesn't offer. Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - both the brokers don't have PMS Service.
|Investment Offerings Compare||Upstox||Groww|
|Equity Cash and F&O|
|Online IPO Application|
|Bond / NCD|
|MF SIP Investment|
|Equity SIP Investment|
|Other Investment Options||NIL||NIL|
Order Type - Compare Upstox with Groww on offerings of order types. All the brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order type like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - Upstox provide Cover Orders (CO) where Groww doesn't offer.Cover Orders (CO) is placed an compulsory stop loss and this is a intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Upstox provide Bracket Orders (BO) where Groww doesn't offer.With the name its cleare in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get higher margin in bracket order as you are limiting your losses. After Market Orders (AMO)- Upstox offers After Market Orders where Groww doesn't offers AMO. GTC Orders- Both broker doesn't support Good Till Cancelled (GTC) orders.
|Order Type Compare||Upstox||Groww|
|AMO-After Market Orders|
|GTC-Good Till Cancelled|
Compare Upstox with Groww on customer service offered by the broker. This section compares types of service offered by each broker for a quick resolution for query/issue you have.
|Customer Service Compare||Upstox||Groww|
|24/7 Customer Service|
|Onine Live Chat|
|Toll Free Number|
|Customer Care Number||+91 22 6130 9999||9108800604|
|Account Opening Process||Online/Paperless||Online|
|Customer Support Email||[email protected]||[email protected]|
|Head Office Address||Upstox Corporate Office
Senapati Bapat Marg,
Mumbai - 400 013
|Groww Head Office 1st Floor, Proms Complex, SBI Colony, 1 A Koramangala, 560034|
Compare Upstox with Groww on research reports and tips provided by the broker.
Compare Upstox with Groww on Demat Service and Charges. When compare Broker A with Broker B on Dmeat account, we mainly focus on two points - Demat AMC and Debit Transaction Charges.
Demat AMC are the charges which one need to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is your recurring cost, so one should consider this cost when opening Demat account.
Demat AMC for Groww is Zero where for Upstox is ₹300 PA.
Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading â€“ when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay.
Transaction charges on debit of ISIN for Upstox is ₹13 + ₹5.50 CDSL charges where for Groww is ₹8 + ₹5.50 CDSL charges.You can see this charges on debit of Equity/Mutual Funds from your demat account.
This section covers about demat charges, demat service and other details
|Demat Account Annual Maintenance Charges(AMC)||₹300 PA||Zero|
|Statutory charges||Nil||Legal Charges|
|Transaction Charges on Debit (Per ISIN)||₹13 + ₹5.50 CDSL charges||₹8 + ₹5.50 CDSL charges|
|Demat||₹20 + ₹50 courier charges||₹150 per certificate + courier charges|
|Remat||₹100 for every hundred securities or ₹25 per certificate (whichever is higher)||₹150 per certificate + courier charges|
|Pledge Creation||0.02% of the transaction value (Min ₹50) + CDSL charges||₹20 + Rs. 12 per request (CDSL Charges)|
|Pledge Creation Confirmation||0.02% of the transaction value (Min ₹50) + CDSL charges||₹20 + Rs. 12 per request (CDSL Charges)|
|Pledge Closure||0.02% of the transaction value (Min ₹50) + CDSL charges||₹20 + Rs. 12 per request (CDSL Charges)|
|Pledge Closure Confirmation||0.02% of the transaction value (Min ₹50) + CDSL charges||₹20 + Rs. 12 per request (CDSL Charges)|
|Pledge Invocation||0.05% of the transaction value (Min ₹50)||₹20 + Rs. 12 per request (CDSL Charges)|
|Failed Instruction Charges||₹50||₹50|
Compare Upstox with Groww on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.
|Pay In and Pay Out Options||pay-in/adding funbds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from Upstox Pro
Pau-out/Fund Withdrawal - Bank Transfer only
|pay-in/adding funds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from Goww
Pay-out/Fund Withdrawal - Bank Transfer only
|Payout Time||Max 24 hrs except bank holidays||Max 24 hrs except bank holidays|
|Bank Supported and Charges||Around 30 banks allow instant credit facility with charges of Rs 7 from Upstox trading platform (Keynote) via ATOM service.||Around 25 banks allow instant credit facility with charges of Rs 9 from Groww trading platform.|
|Bank Detail||HDFC Bank
Account Name - RKSV SECURITIES INDIA PVT.LTD.
Account Number -00600340067574
Account Type - Current
Account IFSC Code- HDFC0000060
|Info Not Available|
Despite brokerage-free mutual fund investment and flat brokerage trading, Groww offers many trading advantages (Pros) pointed as follows;
Limited trading product availability is a key limitation or drawback of trading with Groww. Check out the list of Groww Trading cons as follows;
|Special Offers/Promo||Max Rs 20 for equity delivery, intraday, F&O, currency and commodities trades + Free Account Opening + Free Mutual Funds and IPOs|
|Enquiry||Open Upstox Account Now>>||Open Zerodha Account Now>>|
Last Updated on 2023-01-16T04:23:11+00:00
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Flat ₹15 Per Trade in F&O
Rs 0 Demat AMC
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Trade at Flat ₹20 per Trade Pay-as-you-go Demat AMC
Flat ₹20 Per Trade
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