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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 Groww is 70,92,413 where number of active customer for Zerodha is 65,98,363. Groww is serving more customer compare to Zerodha.
Here we present side-by-side comparison of Zerodha vs Growwshare brokers in India. The comparison is based on more than 100+ attributes for clear decisionmaking. To be precise, we have compared Zerodha vs Groww's on brokerageplans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, MobileApp, 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 brokerfor 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 cleardecision 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 brokerfor 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 | 65,98,363 | 70,92,413 |
| 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 to invest in direct mutual funds for Free and trade in stocks at a Rs 20 flat fee! Also, its easy-to-use, crystal clear user interface, and safe & secure Groww app and web-based platform makes investing hassl... |
| Broker Enquiry |  | |
Account Opening Charges and AMC
Compare Zerodha vs Groww on Trading & Demat AccountOpening Charges
Comparison of Zerodha with Groww on trading & demat account opening chargesand 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. DematAMC charges - Groww offer Free AMC for Demat account where Zerodha charges Rs 300 PA AMC for Demat account.
| 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 withGroww. 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.
| Plan Types | Zerodha | Groww |
|---|---|---|
| Multiple Plans |  | |
| Monthly Plans | | |
| Yearly Plans | | |
Account Opening Request
Account Opening
| Zerodha | Zerodha | |
|---|---|---|
| Account Opening Request |
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 | Groww |
|---|---|---|
| Plan Name | Max Rs 20 per order Trading Plan | Flat Brokerage Plan |
| Equity Delivery | Free | 0.05% or Rs 20 whichever is lower |
| Equity Intraday | 0.03% or Rs 20 whichever is lower | 0.05% or Rs 20 whichever is lower |
| Equity Futures | 0.03% or Rs 20 whichever is lower | Flat Fee Rs 20 |
| Equity Options | Flat Fee Rs 20 | Flat Fee Rs 20 |
| 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 |
| Auto Square off Charges | Rs 50 Per Executable Order | Rs 50 Per Executable Order |
| Brokerage Calculator | Brokerage Calculatorfor Zerodha | Brokerage Calculatorfor Groww |
Compare Zerodha vs Groww on Transaction Charges
Compare Zerodha with Groww on transaction charges and PCM fee by segment.
| Transaction Charges Compare | Zerodha | Groww |
|---|---|---|
| Equity Delivery | NSE:335 Per Cr | BSE:375 Per Cr | NSE:335 Per Cr | BSE:375 Per Cr |
| Equity Intraday | NSE:335 Per Cr | BSE:375 Per Cr | NSE:335 Per Cr | BSE:375 Per Cr |
| Equity Futures | NSE:200 Per Cr | BSE:FREE | NSE:200 Per Cr | BSE:FREE |
| Equity Options | NSE:5050 Per Cr | BSE:3700 Per Cr | NSE:5050 Per Cr | BSE:3700 Per Cr |
| Currency Futures | NSE:90 Per Cr | BSE:25 Per Cr | NSE:90 Per Cr | BSE:25 Per Cr |
| Currency Options | NSE:4000 Per Cr | BSE:100 Per Cr | NSE:4000 Per Cr | BSE:100 Per Cr |
| Commodity | Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr | NA |
| Brokerage Charges | Complete Brokerage Plans forzerodha | Complete Brokerage Plans forgroww |
Account Features
Compare Zerodha vs Groww on Account Features
Compare Zerodha with Groww on Account Features like 3-in-1 account, AlgoTrading, 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 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/wZerodha 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 linksfor easy access.
| Trading Platform Compare | Zerodha | Groww |
|---|---|---|
| Desktop Trading Platform | Kite By Zerodha | Groww App |
| 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 | Groww App |
| Mobile Trading App Demo | Zerodha Kite Demo | Info Not Available |
| Android Mobile App | | |
| Android App Download | Andriod Zerodha Kite Download | Andriod Groww App Download |
| iPhone Mobile App (IOS) | | |
| iOS App Download | iOS Zerodha Kite Download | iOS Groww App Download |
| Android Tablet App | | |
| iPad App (IOS) | | |
| Trading Software Charges | Free | Free |
| Equity Brokerage Calculator | Equity Intradayand Delivery Brokerage Calculator for Zerodha | Equity Intraday andDelivery Brokerage Calculator for Groww |
| Futures Brokerage Calculator | FuturesBrokerage Calculator for Zerodha | Futures BrokerageCalculator for Groww |
| Options Brokerage Calculator | OptionsBrokerage Calculator for Zerodha | Options BrokerageCalculator for Groww |
| Detail | Detail on Trading Platforms forzerodha | Detail on Trading Platforms forgroww |
Broker Ratings by Users
Compare Zerodha vs Groww on User Rating
| Zerodha | Groww | |
|---|---|---|
| 160 Customer Reviews | 7 Customer Reviews | |
| Fees Ratings | 4.0 | 4.4 |
| Trading Brokerage Rating | 4.4 | 3.7 |
| Trading Platform Usability | 3.7 | 4.1 |
| Customer Service Ratings | 3.8 | 3.3 |
| Overall Ratings | 3.9 | 4.1 |
| Broker Rating | Zerodha is Rated 3.9 / 5 based on 160 customer reviews | Groww is Rated 4.1 / 5 based on 7 customer reviews |
Investment Offerings
Compare Zerodha vs Groww on Investment Offerings
Compare Zerodha with Groww on Investment Offerings like Online IPOApplication, 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 | 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. Allthe brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order typelike 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 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. Thissection compares types of service offered by each broker for a quick resolution for query/issue youhave.
| 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 | [emailprotected] | [emailprotected] |
| 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 Office1st 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 thebroker.
| 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
| 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.
| 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 | You will enjoy many benefits or advantages while trading with Zerodha;
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| 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>> |
Last Updated on 2024-01-08T01:50:16+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.
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