Broker Comparison
Compare brokerage charges, account fees, apps, products, MTF, advantages and limitations before choosing a broker.
Data verified: 2026-07-29
Groww is an Indian investment and trading platform included in TheShareBrokers broker database. It provides access to listed-market products through its official mobile and/or web platforms. Charges and product availability can vary by segment, account type and selected plan, so users should verify the linked official tariff before making a decision.
Zerodha is one of India’s leading discount stockbrokers, offering online investing and trading in equities, currencies, commodities, IPOs, futures and options, bonds, government securities, and direct mutual funds.
It charges ₹0 brokerage on equity delivery and direct mutual fund investments. Equity intraday and futures trades are charged at ₹20 or 0.03% per executed order, whichever is lower, while options trades cost a flat ₹20 per executed order.
Zerodha is known for its low-cost pricing, transparent services, user-friendly Kite trading platform, and strong focus on technology and investor education.
| Feature | Groww | Zerodha |
|---|---|---|
| Broker type | Discount / Investment Platform | Discount Broker |
| Account opening | ₹0 | ₹0 |
| Annual maintenance | ₹0 | ₹300 + 18% GST per year |
| Equity delivery | ₹20 or 0.1% per executed order, whichever is lower; minimum ₹5 | ₹0 brokerage |
| Equity intraday | ₹20 or 0.1% per executed order, whichever is lower; minimum ₹5 | Flat ₹ 20 or 0.03% (whichever is lower) |
| Futures | ₹20 per executed order | Flat ₹ 20 or 0.03% (whichever is lower) |
| Options | ₹20 per executed order | Flat ₹ 20 per executed order |
| Commodity | Available only where enabled by the broker; verify current segment availability and tariff. | Flat ₹ 20 or 0.03% (whichever is lower) |
| Currency | Available only where enabled by the broker; verify current segment availability and tariff. | Flat ₹ 20 or 0.03% (whichever is lower) |
| DP charges | Charged on eligible Demat debit transactions; verify the current per-ISIN tariff on the official pricing page. | ₹15.34 per scrip (₹3.5 CDSL fee + ₹9.5 Zerodha fee + ₹2.34 GST) |
| MTF | Availability, eligible securities and interest rate are broker/plan-dependent; verify the official MTF terms. | ₹50 plus 18% GST |
| Call & trade | May attract an additional assisted-order charge; verify the current tariff. | ₹50 plus 18% GST |
| Customer support | Official app/web help centre, ticket, email and/or phone support; channels vary by broker. | Yes, Official app/web help centre, ticket, email and/or phone support |
| Active Users | Check official tariff | 6.8 million NSE-active clients as of May 2026 |
Choose based on the segment you trade, total account cost, platform requirements, research needs and support preference. Verify the latest tariff and product availability on the brokers’ official websites before opening an account.
Groww operates through a regulated broking entity. Check the current SEBI registration and exchange membership shown on the broker’s official regulatory or disclosure page before opening an account.
Groww brokerage can vary by segment, plan and promotional period. Use the official tariff or pricing page linked in this record and confirm the selected plan during account opening.
Demat maintenance charges may depend on the account type, BSDA eligibility, plan or introductory offer. Confirm the current AMC from the official tariff before applying.
The products field on this page lists the major investment and trading segments available through Groww. Availability and activation requirements may vary by user and segment.
Groww may suit users whose required products, platform features, support model and total charges match their needs. Compare the verified tariff and platform features with at least one alternative broker.
Yes, Zerodha is suitable for beginners because it offers a user-friendly Kite trading platform, educational resources through Varsity, and low brokerage charges.
Zerodha currently offers free account opening for resident individual trading and demat accounts.
Zerodha charges ₹0 brokerage on equity delivery. For equity intraday and futures, the charge is ₹20 or 0.03% per executed order, whichever is lower. Options trades are charged at ₹20 per executed order.
Yes, Zerodha charges an Account Maintenance Charge (AMC) of ₹300 per year plus 18% GST for standard resident individual accounts, though it is free for the first year. Instead of billing annually, Zerodha deducts this fee quarterly (every 91 days) directly from your trading balance.
Zerodha offers Kite for trading and investing, Coin for direct mutual funds and other investments, and Console for portfolio reports and account statements.
Yes, investors can use Zerodha Coin to invest in direct mutual funds without paying distributor commissions.
No, Zerodha does not provide stock tips, portfolio management, or personalised investment advisory services.
No, Zerodha does not require users to maintain a minimum account balance to keep their account active.
Yes, Zerodha users can apply for IPOs online through the Kite platform using a supported UPI ID.
Yes, Zerodha Broking Limited is registered with SEBI and is a member of major Indian stock exchanges, including NSE, BSE, and MCX. However, all stock market investments are subject to market risks.
