Investors in India looking for the best stock broker often compare Zerodha and Groww, two of the most popular discount brokers. While both offer affordable trading services, they cater to different types of investors. This guide provides a comprehensive comparison of Zerodha vs Groww based on brokerage charges, investment options, platforms, customer reviews, and more.
About Zerodha
Zerodha is India’s largest and most reputed discount broker, founded in 2010. It provides online brokerage services for Equity, Currency, Commodity, IPO, Futures & Options, Bonds, Government Securities, and Direct Mutual Funds. Zerodha is well known for its flat fee structure and superior trading platforms.
- Brokerage Charges:
- โน0 for Equity Delivery and Direct Mutual Funds
- โน20 or 0.03% per trade (whichever is lower) for Intraday and Futures
- โน20 per executed order for Options
- Platforms:
- Kite Web & Mobile for trading
- Coin for Direct Mutual Funds
- Exchange Memberships: NSE, BSE, MCX, NCDEX
- Branches: 22 across India
- Account Opening Fee: Free
- Annual Demat Account Charges (AMC): โน300
About Groww
Groww is a Bangalore-based discount broker, established in 2016. Initially focused on mutual fund investments, Groww expanded into stockbroking in 2020. It offers Equity, IPO, and Direct Mutual Funds, along with Digital Gold, US Stocks, and Fixed Deposits. Groww is known for its zero account maintenance charges and simple user-friendly interface.
- Brokerage Charges:
- โน20 or 0.05% per executed order for Equity Delivery & Intraday
- โน20 per executed order for Futures & Options
- Platforms:
- Groww Web & Mobile App
- Exchange Memberships: NSE, BSE
- Branches: 0 (fully online)
- Account Opening Fee: Free
- Annual Demat Account Charges (AMC): โน0
Zerodha vs Groww: Key Differences
| Feature | Zerodha | Groww |
|---|---|---|
| Type of Broker | Discount Broker | Discount Broker |
| Founded In | 2010 | 2016 |
| Exchange Memberships | NSE, BSE, MCX, NCDEX | NSE, BSE |
| Branches | 22 | 0 |
| Account Opening Fee | โน0 | โน0 |
| Demat AMC Charges | โน300 | โน0 |
| Equity Delivery Brokerage | โน0 (Free) | โน20 per trade or 0.05% |
| Intraday Brokerage | โน20 per trade or 0.03% | โน20 per trade or 0.05% |
| Options Trading Fee | โน20 per executed order | โน20 per executed order |
| Commodities & Currency | Available | Not Available |
| Trading Platforms | Kite Web, Kite Mobile, Coin | Groww App |
| Automated Trading | Yes | No |
| Margin Trading | Available | Not Available |
| Research & Advisory | No | No |
| Call & Trade Services | โน50 per order | Not Available |
Zerodha vs Groww: Brokerage Charges
| Transaction Type | Zerodha | Groww |
|---|---|---|
| Equity Delivery | โน0 (Free) | โน20 or 0.05% per executed order |
| Equity Intraday | โน20 per order or 0.03% | โน20 per order or 0.05% |
| Equity Futures | โน20 per executed order or 0.03% | โน20 per executed order |
| Equity Options | โน20 per executed order | โน20 per executed order |
| Currency Futures | โน20 per executed order or 0.03% | Not Available |
| Currency Options | โน20 per executed order | Not Available |
| Commodity Trading | โน20 per executed order or 0.03% | Not Available |
Zerodha offers lower brokerage fees on intraday and derivatives trading, whereas Groww has a simpler fee structure for equity delivery.
Zerodha vs Groww: Trading Platforms
| Feature | Zerodha (Kite) | Groww |
|---|---|---|
| Web Trading Platform | Yes | Yes |
| Mobile App | Yes | Yes |
| Advanced Charting | Yes | Yes |
| Automated Trading | Yes | No |
| Margin Trading | Yes | No |
| Referral Program | Yes | No |
| Call & Trade | Yes | No |
Zerodhaโs Kite platform is feature-rich with advanced charting and API access for algorithmic trading, whereas Groww focuses on simplicity.
Zerodha vs Groww: Pros and Cons
Zerodha Pros & Cons
โ
Pros:
โ Free Equity Delivery & Mutual Funds
โ Flat โน20 per trade for Intraday & F&O
โ Advanced trading platforms (Kite, Coin)
โ Margin against shares available
โ GTT (Good Till Triggered) orders available
โ Cons:
โ No stock tips, research, or recommendations
โ โน50 per order Call & Trade charge
โ No 3-in-1 account
Popular Discount Broker Upstox
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Groww Pros & Cons
โ
Pros:
โ Zero account opening & AMC charges
โ Simple & user-friendly platform
โ Direct Mutual Fund investments
โ US Stocks & Digital Gold investments
โ Cons:
โ No Margin Trading or Margin Against Shares
โ No Commodity & Currency Trading
โ No Advanced order types (BO, CO, AMO, GTT)
โ No NRI Trading
Zerodha vs Groww: Which One Should You Choose?
- Choose Zerodha if you are an active trader who needs advanced trading tools, low-cost intraday & F&O brokerage, and margin trading.
- Choose Groww if you are a beginner investor looking for a simple, hassle-free investment platform for stocks & mutual funds with zero AMC charges.
For professional traders, Zerodha is the better choice due to its powerful Kite platform and lower trading costs. However, for investors focused on stocks and mutual funds, Groww offers a zero-maintenance option with an easy-to-use interface.
Final Verdict: Zerodha vs Groww
| Category | Winner |
|---|---|
| Brokerage Fees | Zerodha |
| Trading Platforms | Zerodha |
| Ease of Use | Groww |
| Investment Options | Zerodha |
| Mutual Funds | Tie |
| Customer Support | Tie |
| Margin Trading | Zerodha |
๐ Best for Active Traders โ Zerodha
๐ Best for Beginners & Mutual Fund Investors โ Groww