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Zerodha Vs Groww: Which one is better?

Both the brokers are registered with SEBI. Zerodha offers investmenet in Equity, F&O, Currency and Commodities, where Groww offers investment in Equity, F&O and Currency only. The brokerage of Zerodha Max Rs 20 per trade while the brokerage of Groww Max Rs 20 per trade. Both the brokers are Discount Brokers. Zerodha is having overall higher rating compare to Groww. Zerodha is rated 4.5 out of 5 where Groww is rated only 4 out of 5. Number of active customer for Zerodha is 63,92,902 where number of active customer for Groww is 53,73,705. Zerodha is serving more customer compare to Groww.

Here we present side-by-side comparison of Zerodha 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 Zerodha 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 Zerodha 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 Zerodha vs Groww's on

• Brokerage plans
• Plan types
• Customer Service
• Maintenance fees
• AMC
• Trading Platforms
• Rating
• Reviews
• Mobile App
• Margin/Leverage/Exposure
• Demat Account
• Investment Options
• And many more attributes

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.

Compare Zerodha vs Groww on Service

	Zerodha	Groww
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type	Discount Broker	Discount Broker
Exchanges Supported	NSE, BSE, MCX	NSE, BSE
Active Clients	63,92,902	53,73,705
Broker Overview	Zerodha is the game-changing discount broker with the concept of an Rs. 20/order flat brokerage model and commission-free direct mutual fund investment platform in India. Free delivery trading, the superfast Zerodha Kite app, and web trading platform...	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...
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Account Opening Charges and AMC

Compare Zerodha vs Groww on Trading & Demat Account Opening Charges

Comparison of Zerodha with Groww on trading & demat account opening charges and AMC. Trading account opening charges - Groww offer Free account opening where Zerodha charges Online Rs 200 (Eq+Curr), Rs 300 (Eq+Curr+Com) for account opening. Demat AMC charges - Groww offer Free AMC for Demat account where Zerodha charges Rs 300 PA AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Zerodha with Groww

Charges	Zerodha	Groww
Trading Account Opening Fees	Online Rs 200 (Eq+Curr), Rs 300 (Eq+Curr+Com)	Free
Trading AMC	Free	Free
Demat Account Opening Fees	Free	Free
Demat AMC	Rs 300 PA	Free
Provide DP Service

About Brokerage Plans

Compare Zerodha vs Groww on Plan Options

Plans are the most important feature you look when compare Zerodha 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.

Compare Zerodha with Groww on Plan Options

Plan Types	Zerodha	Groww
Multiple Plans
Monthly Plans
Yearly Plans

Account Opening Request

Account Opening

Brokerage Charges

Compare Zerodha vs Groww on Brokerage Charges

Zerodha Brokerage Plan detail - Zerodha charges Rs 20 or .03%, whichever is lower, for equity Intraday, F&O, commodity and currency on NSE, BSE and MCX. No upfront brokerage or turnover commitments on your trade. Rs 20 is the maximum brokerage you need to pay per executable order. Zero brokerage on equity delivery trading.

Groww Brokerage Plan detail - Flat brokerage plan that charges Rs. 20 per order on trading in intraday segment whereas offers free delivery trading.

Share Broker's Transaction Charges

Compare Zerodha vs Groww on Transaction Charges

Compare Zerodha with Groww on transaction charges and PCM fee by segment.

Account Features

Compare Zerodha vs Groww on Account Features

Compare Zerodha with Groww on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - Zerodha offers 3-in-1 account where Groww offers only 2-in-1 account which includes trading and demat account. Algo Trading - Zerodha offers Algo Trading where Groww doesn't offers Algo Trading. Margin Funding - Groww offers a margin funding where Zerodha doesn't offers margin funding. NRI Trading - Zerodha offers NRI where Groww doesn't offers NRI Trading.

Account Features - Zerodha with Groww

Account Features Compare	Zerodha	Groww
3 in 1 Account
Charting
Algo Trading
SMS Alerts
Online Demo
Online Portfolio
Margin Trading Funding Available
Combined Ledger for Equity and Commodity
Intraday Square-off Time	3:10 PM	3:10 PM
NRI Trading
Other Features	NIL	NIL

Trading Platform

Compare Zerodha vs Groww on Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Zerodha 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 Zerodha with Groww

Trading Platform Compare	Zerodha	Groww
Desktop Trading Platform	Kite By Zerodha
Desktop Demo	Info Not Available	Info Not Available
Desktop Platform (Windows)
Desktop Platform (Mac)
Web Trading Platform
Web Trading Detail		Yes
Web Trading Demo	Web Trading Demo	Info Not Available
Mobile Site
Mobile Trading
Mobile Trading App	Zerodha Kite	Yes
Mobile Trading App Demo	Zerodha Kite Demo	Info Not Available
Android Mobile App
Android App Download	Andriod Zerodha Kite Download	Andriod Yes Download
iPhone Mobile App (IOS)
iOS App Download	iOS Zerodha Kite 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 Zerodha	Equity Intraday and Delivery Brokerage Calculator for Groww
Futures Brokerage Calculator	Futures Brokerage Calculator for Zerodha	Futures Brokerage Calculator for Groww
Options Brokerage Calculator	Options Brokerage Calculator for Zerodha	Options Brokerage Calculator for Groww
Detail	Detail on Trading Platforms for zerodha	Detail on Trading Platforms for groww

Broker Ratings by Users

Compare Zerodha vs Groww on User Rating

	Zerodha	Groww
	159 Customer Reviews	6 Customer Reviews
Fees Ratings
Trading Brokerage Rating
Trading Platform Usability
Customer Service Ratings
Overall Ratings
Broker Rating	Zerodha is Rated 3.9 / 5 based on 159 customer reviews	Groww is Rated 4.5 / 5 based on 6 customer reviews

Investment Offerings

Compare Zerodha vs Groww on Investment Offerings

Compare Zerodha 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 - Zerodha 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 Zerodha with Groww

Investment Offerings Compare	Zerodha	Groww
Equity Cash and F&O
Currency Deravitives
Commodity
Online IPO Application
Mutual Funds
Bond / NCD
ETF
Banking
Insurance
Forex
MF SIP Investment
Equity SIP Investment
PMS Service
Other Investment Options	NIL	NIL

Order Types

Compare Zerodha vs Groww on Order Types

Order Type - Compare Zerodha 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) - Zerodha 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) - Both broker don't have Bracket Orders (BO).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)- Zerodha offers After Market Orders where Groww doesn't offers AMO. GTC Orders- Zerodha offers Good Till Cancelled (GTC) orders where Groww doesn't support Good Till Cancelled (GTC) orders.

Order Types - Compare Zerodha with Groww

Order Type Compare	Zerodha	Groww
CNC order
MIS order
NRML order
Cover order
Bracket order
AMO-After Market Orders
GTC-Good Till Cancelled

Customer Service Offered

Compare Zerodha vs Groww on Customer Service

Compare Zerodha 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 Support - Compare Zerodha with Groww

Customer Service Compare	Zerodha	Groww
24/7 Customer Service
Email Support
Onine Live Chat
Phone Support
Toll Free Number
Through Branches
Customer Care Number	"+ 91 80 4040 2020"	9108800604
Account Opening Process	Online/Paperless	Online
Customer Support Email	[email protected]	[email protected]
Knowledge Center/Education	https://zerodha.com/varsity/	https://groww.in/academy
Head Office Address	Zerodha Headquater #153/154 4th Cross Dollars Colony, Opp. Clarence Public School, J.P Nagar 4th Phase, Bangalore - 560078	Groww Head Office 1st Floor, Proms Complex, SBI Colony, 1 A Koramangala, 560034
Website	https://zerodha.com/	https://groww.in/

Tips/Research/Reports Published

Compare Zerodha vs Groww on Research Reports, Tips

Compare Zerodha with Groww on research reports and tips provided by the broker.

Research Reports - Compare Zerodha with Groww

	Zerodha	Groww
Research Mutual Funds
Research Equity Reports
Research ETF
Daily Market Report
Free Tips
Quarterly Result Analysis
News Alerts

Demat Account

Compare Zerodha vs Groww on Demat Account

Compare Zerodha 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 Zerodha is ₹300 pa.

Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading – 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 Zerodha is ₹8 + ₹5.50 (CDSL Charges) per transaction 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 Charges - Compare Zerodha with Groww

	Zerodha	Groww
DP Source	CDSL	CDSL
DP ID	81600	No
Demat Account Annual Maintenance Charges(AMC)	₹300 pa	Zero
Advance Deposit	Nil	Nil
Statutory charges	₹50	Legal Charges
Transaction Charges on Debit (Per ISIN)	₹8 + ₹5.50 (CDSL Charges) per transaction	₹8 + ₹5.50 CDSL charges
Demat	₹150 per certificate + ₹100 courier charges	₹150 per certificate + courier charges
Remat	₹150 per certificate + ₹100 courier charges + CDSL Charges	₹150 per certificate + courier charges
Pledge Creation	₹20 + ₹12 CSDL charges	₹20 + Rs. 12 per request (CDSL Charges)
Pledge Creation Confirmation	Nil	₹20 + Rs. 12 per request (CDSL Charges)
Pledge Closure	₹20 + ₹12 CSDL charges	₹20 + Rs. 12 per request (CDSL Charges)
Pledge Closure Confirmation	Nil	₹20 + Rs. 12 per request (CDSL Charges)
Pledge Invocation	₹20	₹20 + Rs. 12 per request (CDSL Charges)
Failed Instruction Charges	₹50 per instraction	₹50
Other Charges	Nil	Nil

Special Offers,Advantages,Disadvantages

Compare Zerodha vs Groww on Special Offers and Promotion

Compare Zerodha with Groww on the general features, advantages, disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.

Compare Zerodha vs Groww on Special Offers and Promotion

	Zerodha	Groww
Pay In and Pay Out Options	pay-in/adding funds - Cheque, UPI, Online Bank Transfer via IMPS, NEFT or RTGS, Netbanking from Kite Pay-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 for bank holidays	Max 24 hrs except bank holidays
Bank Supported and Charges	Around 25 banks allow instant credit facility with charges of Rs 9 from zerodha trading platform (kite/PI).	Around 25 banks allow instant credit facility with charges of Rs 9 from Groww trading platform.
Bank Detail	HDFC Bank Account#ZERNSE Branch: Sandoz Branch, Mumbai IFSC Code:HDFC0000240	Info Not Available
Likes	Trading with Zerodha brings multiple benefits or advantages, an indicative list is as follows; 0 brokerage on delivery trades. Max Rs. 20 brokerage on intraday and F&O trades. Open Zerodha IDFC First 3-in-1 Account (Demat + Trading + IDFC First Bank). Zero brokerage investment in direct mutual funds on Coin. 100% online account opening and account closure facility. Apply for IPO (Mainboard IPO and BSE SME & NSE SME IPO) online for Free. Kite superfast and feature-rich web and app trading platform. No upfront fee or commitment. Zerodha Varsity, a free stock-market learning platform for beginners. Zerodha offers NRI Trading services. Free UPI-based hassle-free fund transfer process. Advanced order placement facility; bracket order, cover order, and after-market order. Zerodha GTT (Good Till Triggered) order feature. Zero minimum deposit. No hidden charges. Zero-level Debt Company. Detail Review...	Despite brokerage-free mutual fund investment and flat brokerage trading, Groww offers many trading advantages (Pros) pointed as follows; Pay Rs. 20 flat brokerage charges. Zero account opening fees on Groww Trading & Demat Account. Zero Demat account maintenance charges. Free direct mutual fund investment at nil brokerage and get an extra upto 1.5% return. Easy-to-use, safe, and reliable Groww App and Web platform. Apply for IPO online via UPI. Invest in digital gold, US stocks, US ETFs, and FDs. Get the latest trending news and updates on the Groww Digest. Groww Academy is a 100% free learning platform for beginners. Zero fixed charges. Zero hidden charges. Detail Review...
Dislikes	Despite many advantages, there are following drawbacks while trading with India's leading discount broker, Zerodha Zerodha doesn’t offer intraday trading tips, recommendations, research, or advisory facility. High call & trade charges of Rs. 50 per executed order. High auto square-off charges of Rs. 50 per executed order. Lifetime Zero Demat AMC account is not available. Zerodha does not provide Free Unlimited Monthly Brokerage Plan. The 3-in-1 account opening facility is only available with IDFC First Bank. Detail Review...	Limited trading product availability is a key limitation or drawback of trading with Groww. Check out the list of Groww Trading cons as follows; Groww does not offer commodity and currency trading. Groww does not provide research, trading tips, and recommendations. NRIs cannot open Groww account. Advanced orders like Bracket order, Cover order, GTT, and AMO order is unavailable. Delivery trading is not free. No call & trade facility. No margin trading. Detail Review...
Special Offers/Promo	Zero Brokerage for Equity Delivery and Zero Commission on Mutual Fund Investment (Direct Mutual Funds), Pay max Rs 20 for equity intraday, F&O, currency and commodity trading. No Hidden Charges.
Enquiry	Open Zerodha Account Now>>	Open Zerodha Account Now>>

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