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Zerodha Vs Groww: Which one is better?

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 3 out of 5.

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 Compare
Zerodha
Groww Compare
Groww
Overall Rating Rated 4.5 stars Rated 3 stars
Brokerage Charges Rated 4.5 stars Rated 4 stars
Trading Platform Rated 4.5 stars Rated 3 stars
Investments Offering Rated 4 stars Rated 3 stars
Customer Service Rated 4.5 stars Rated 3 stars
Broker Type What is this parameter? Discount Broker Discount Broker
Exchanges Supported What is this parameter? NSE, BSE and MCX NSE, BSE
Active Clients 52,21,376 23,47,542
Broker Overview Pioneer of Rs. 20 flat brokerage model, free delivery trading, best trading platform - Kite by Zerodha, and the first broker to launch Free Direct MF platform - Coin by Zerodha. Groww app is the best direct mutual fund investment platform at nil brokerage and trade at the maximum chargeable brokerage of Rs. 20 per executed order in stocks and derivatives segment.
Broker Enquiry Request call back from Zerodha Request call back from Groww
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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 (T+D), Rs 300 (T+D+C). Offline Rs 400 (T+D), Rs 600 (T+D+C). T*Trading, D*Demat, C*Commodity 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 (T+D), Rs 300 (T+D+C). Offline Rs 400 (T+D), Rs 600 (T+D+C). T*Trading, D*Demat, C*Commodity Free
Trading AMC Free Free
Demat Account Opening Fees Free Free
Demat AMC Rs 300 PA Free
Provide DP Service Yes Yes
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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 No No
Monthly Plans No No
Yearly Plans No No
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Account Opening Request

Account Opening

  Zerodha Groww
Account Opening Request
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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.

Brokerage Charges - Compare Zerodha with Groww
Brokerage Charges Compare Zerodha Groww
Plan Name Max Rs 20 per order Trading Plan Flat Brokerage Plan
Equity Delivery Free Free
Equity Intraday 0.03% or Rs 20 whichever is lower Rs. 20 or 0.05% whichever is lower
Equity Futures 0.03% or Rs 20 whichever is lower Not Available
Equity Options Flat Fee Rs 20 Not Available
Currency Futures 0.03% or Rs 20 whichever is lower Not Available
Currency Options Flat Fee Rs 20 Not Available
Commodity Trading Flat Fee Rs 20 Not Available
Minimum Brokerage NIL NIL
Hidden Charges No Info Not Available
Funding Info Not Available Info Not Available
Call & Trade Charges Rs 50 Per Executable Order Rs 50 Per Executable Order
Brokerage Calculator Brokerage Calculator for Zerodha Brokerage Calculator for Groww
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Share Broker's Transaction Charges

Compare Zerodha vs Groww on Transaction Charges

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

Transaction Charges - Compare Zerodha with Groww
Transaction Charges Compare Zerodha Groww
Equity Delivery Rs 325 Per Cr Rs 325 Per Cr
Equity Intraday Rs 325 Per Cr Rs 325 Per Cr
Equity Futures Rs 190 Per Cr NA
Equity Options Rs 5000 Per Cr NA
Currency Futures Rs 135 Per Cr NA
Currency Options Rs 4400 Per Cr NA
Commodity Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr NA
Brokerage Charges Complete Brokerage Plans for zerodha Complete Brokerage Plans for groww
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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 Yes, Zerodha have 3-in-1 accounts. Bank Account, Demat and Trading account. No Zerodha have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes
Algo Trading Yes No
SMS Alerts No No
Online Demo Yes No
Online Portfolio Yes Yes
Margin Trading Funding Available No Yes
Combined Ledger for Equity and Commodity Yes No
Intraday Square-off Time 3:10PM 3:10 PM
NRI Trading Yes No
Other Features NIL NIL
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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 Zerodha PI
Desktop Demo Desktop Demo Info Not Available
Desktop Platform (Windows) Yes No
Desktop Platform (Mac) No No
Web Trading Platform Yes Yes
Web Trading Detail https://kite.zerodha.com/ Yes
Web Trading Demo Web Trading Demo Info Not Available
Mobile Site Yes Yes
Mobile Trading Yes Yes
Mobile Trading App Zerodha Kite Yes
Mobile Trading App Demo Zerodha Kite Demo Info Not Available
Android Mobile App Yes Yes
Android App Download Andriod Zerodha Kite Download Andriod Yes Download
iPhone Mobile App (IOS) Yes Yes
iOS App Download iOS Zerodha Kite Download iOS Yes Download
Android Tablet App Yes Yes
iPad App (IOS) Yes Yes
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

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Broker Ratings by Users

Compare Zerodha vs Groww on User Rating

  Zerodha Groww
  159 Customer Reviews    Rate Zerodha 2 Customer Reviews    Rate Groww
Fees Ratings 4.0 3.5
Trading Brokerage Rating 4.5 3.5
Trading Platform Usability 3.7 4.5
Customer Service Ratings 3.8 2.0
Overall Ratings Rated 3.9 stars Rated 4.5 stars
Broker Rating Zerodha is Rated 3.9 / 5 based on 159 customer reviews Groww is Rated 4.5 / 5 based on 2 customer reviews
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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 Yes Yes
Currency Deravitives Yes No
Commodity Yes No
Online IPO Application Yes Yes
Mutual Funds Yes Yes
Bond / NCD Yes No
ETF Yes Yes
Banking No No
Insurance No No
Forex No No
MF SIP Investment Yes Yes
Equity SIP Investment No No
PMS Service No No
Other Investment Options NIL NIL
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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) - Zerodha 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)- 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 Yes Yes
MIS order Yes Yes
NRML order Yes Yes
Cover order Yes No
Bracket order Yes No
AMO-After Market Orders Yes No
GTC-Good Till Cancelled Yes No
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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 Zerodha vs Groww - 24x7 customer support No No
Email Support Zerodha vs Groww - Email Support Yes Yes
Onine Live Chat Zerodha vs Groww - Onine Live Chat No Yes
Phone Support Zerodha vs Groww - Phone Support Yes No
Toll Free Number Zerodha vs Groww - Toll Free Number No No
Through Branches Zerodha vs Groww - Through Branches Yes No
Customer Care Number Zerodha vs Groww - Customer Care Number "+ 91 80 4040 2020" Info Not Available
Account Opening Process Zerodha vs Groww - Account Opening Process Online/Paperless Online
Customer Support Email Zerodha vs Groww - Customer Support Email [email protected] [email protected]
Knowledge Center/Education Zerodha vs Groww - Knowledge Center/Education https://support.zerodha.com/ https://groww.in/questions
Head Office Address Zerodha vs Groww - Head Office Address/Corporate 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 Zerodha vs Groww - Company Website https://zerodha.com/ https://groww.in/
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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 Zerodha vs Groww - Research Mutual Funds No No
Research Equity Reports Zerodha vs Groww - Research Equity Reports No No
Research ETF Zerodha vs Groww - Research ETF No No
Daily Market Report Zerodha vs Groww - Daily Market Report No No
Free Tips Zerodha vs Groww - Free Tips No No
Quarterly Result Analysis Zerodha vs Groww - Quarterly Results No No
News Alerts Zerodha vs Groww - No No
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Demat Account

Compare Zerodha vs Groww on Demat Account

Compare Zerodha with Groww on Demat Service and Charges. This section covers about demat charges, demat service and other details

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

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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 Zerodha vs 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 Zerodha vs Groww - Payout Time Max 24 hrs except bank holidays Max 24 hrs except bank holidays
Bank Supported and Charges Zerodha vs Groww - 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

Detail Review...

Detail Review...

Dislikes
  • High Call & trade charges of Rs. 50 per order.
  • 3-in-1 account opening is only available with IDFC First Bank.
  • Zerodha doesn’t provide stock tips, research, and recommendations.
  • It only has a flat brokerage plan and no monthly trading plans are available.

Detail Review...

  • Limited investment product as people can’t trade in commodity and currency segment.
  • Residents can’t open Groww 3-in-1 account (Demat + Trading + Bank account).
  • NRI trading is not available.
  • No call centers anywhere or no toll-free number.
  • Call & Trade is not offered.
  • No offline presence due to the absence of a physical branch office.

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 Enquire for Zerodha Enquire for Groww

Last Updated on 2021-11-23T00:06:15+00:00


FAQs

Zerodha Vs Groww; Which One to Choose?

Basis of difference Zerodha Groww
Online trading products One-stop-shop to trade in equity, F&O, commodity, Currency, IPO, buyback, OFS, NCD, and many others. Limited products i.e. equity, ETF, digital gold, and US Stocks.
Account Opening charges Zerodha offers free demat account but charges Rs. 300 equity + commodity trading account opening charges. Groww offers free demat and Trading Account.
Mutual Fund Zerodha coin is the dedicated direct mutual fund investment platform. Groww started its journey as the best platform for commission-free direct mutual fund investment.
Trading Platform Zerodha Kite web and Kite mobile app for Android and iOS is a single platform to meet all your trading and investment requirements. Groww web and Android and iOS mobile App is relatively new platform and comes with limited trading features.
Brokerage charges Free delivery trading and Flat Rs. 20 per order in other segments. Free delivery trading and Flat Rs. 20 per order intraday charges.
Third party trading products Smallcase, Sensibull, StockReports+, and Streak are the partner products. Not available.

Multiple trading products, best trading platforms, strong brand reputation, and availability of third-party trading products proves that Zerodha is the best broker, however, Groww offers a simple, easy to use, and transparent direct mutual fund investment platform at zero charges. Thus, mutual fund investors can choose Groww as the preferred broker.