Upstox and Groww are two leading discount brokers in India, each catering to different investor needs. Upstox, backed by major investors like Ratan Tata, offers advanced trading tools, automated trading, and access to multiple exchanges (BSE, NSE, MCX). Groww, on the other hand, is a beginner-friendly platform that started with mutual funds and expanded to stocks, IPOs, and digital gold. While Upstox is ideal for active traders seeking advanced features, Groww attracts casual investors with its zero-maintenance charges and simple interface. Our in-depth comparison highlights the key differences in brokerage fees, platform features, customer ratings, and investment options to help you choose the best platform for your needs.
About Upstox
Upstox is a tech-driven, low-cost brokerage firm in India, offering trading in equities, commodities, currencies, futures, and options. The company provides access to trading through its Upstox Pro Web and Upstox Pro Mobile platforms. It is backed by investors like Kalaari Capital, Ratan Tata, and GVK Davix. Upstox’s trading platform offers advanced charting, analysis tools, and multiple trading features. for more details please visit
About Groww
Groww, a Bangalore-based discount broker, offers online flat-fee brokerage services for Equity, IPOs, and Direct Mutual Funds. Operated by Nextbillion Technology Private Limited, Groww is a SEBI-registered stockbroker and a member of NSE and BSE. Initially launched as a direct mutual fund investment platform in 2016, Groww expanded to include equity trading in 2020 and now offers digital gold, US stocks, and fixed deposits. for more details please visit
Upstox Vs Groww – Comparison
| Feature | Upstox | Groww |
|---|---|---|
| Type of Broker | Discount Broker | Discount Broker |
| Exchange Membership | BSE, NSE, MCX | NSE, BSE |
| Year of Incorporation | 2012 | 2016 |
| Number of Branches | 4 | 0 |
Upstox Vs Groww – Charges & AMC
| Charge Type | Upstox | Groww |
|---|---|---|
| Trading Account Opening Charges | Rs 0 (Free) | Rs 0 (Free) |
| Trading Account AMC Charges | Rs 0 | Rs 0 |
| Demat Account Opening Charges | Rs 0 (Free) | Rs 0 |
| Demat Account AMC Charges | Rs 150 | Rs 0 |
Upstox Vs Groww – Brokerage Charges
| Account Type | Upstox | Groww |
|---|---|---|
| Equity Delivery | Rs 20 per executed order or 2.5% whichever is lower | Rs 20 per executed order or 0.05% whichever is lower |
| Equity Intraday | Rs 20 per executed order or 0.05% whichever is lower | Rs 20 per executed order or 0.05% whichever is lower |
| Equity Futures | Rs 20 per executed order or 0.05% whichever is lower | Rs 20 per executed order |
| Equity Options | Rs 20 per executed order | Rs 20 per executed order |
Upstox Vs Groww – Margin (Leverage)
| Feature | Upstox | Groww |
|---|---|---|
| Equity Delivery | 100% of trade value (1x) | 100% of trade value (1x) |
| Equity Intraday | Up to 20% of trade value (5x) | Up to 20% of trade value (5x) |
| F&O (Equity, Currency, Commodity) | 100% of NRML margin | 100% of NRML margin |
Upstox Vs Groww – key Features
| Feature | Upstox | Groww |
|---|---|---|
| 3-in-1 Account | No | No |
| Charting | Yes | Yes |
| Automated Trading | Yes | No |
| SMS Alerts | No | Yes |
| Online Portfolio | No | Yes |
| Margin Trading Funding | Yes | No |
| Trading Platforms | Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS, Android | Groww |
| Intraday Square-off Time | 3:00 PM | 3:10 PM |
Upstox Vs Groww – Pros and Cons
Upstox Pros
- Zero account opening fee.
- Flat Rs 20 per trade across all segments.
- Offers margin trading facility.
- Provides advanced trading tools and platforms.
- Available for commodity and currency trading.
Upstox Cons
- Brokerage for equity delivery (Rs 20 per trade).
- No 3-in-1 account.
- No 24/7 customer support.
- Higher Demat Debit Transaction charges.
Groww Pros
- Zero account opening and maintenance fees.
- Free Mutual Fund investments.
- Simple, flat-fee pricing model.
- Offers US stocks, digital gold, and FDs.
- User-friendly platform for beginners.
Groww Cons
- Limited investment options (no F&O, commodity, or currency trading).
- No margin trading facility.
- No call & trade services.
- No research reports or recommendations.
Conclusion
Both Upstox and Groww cater to different investor needs. Upstox is suitable for active traders looking for advanced trading tools, margin trading, and multiple asset classes. Groww, on the other hand, is ideal for investors seeking a simple, cost-effective platform to invest in stocks, IPOs, and mutual funds.
Choose Upstox if you want comprehensive trading features, or go with Groww if you prefer a beginner-friendly investment platform with zero maintenance fees.