Groww vs Zerodha Charges, Brokerage, Pros and Cons

Groww and Zerodha are India’s two biggest discount brokers. Both are registered with SEBI and let you invest in a range of market segments: equity, F&O, currency and commodities. They both offer the same trading platform; the main difference between Zerodha and Groww is the different charges.

Groww charges INR 20 or 0.1%—whichever is lower—per executed order. Zerodha charges INR 20 or 0.03%—again, whichever is lower—per trade. As of 28 February 2025, Groww has a significantly larger client base: 1,30,11,867 active clients compared to Zerodha’s 79,57,128. That’s a pretty substantial difference. This article compares Groww and Zerodha’s charges, brokerage, pros and cons.

Groww vs Zerodha – Company Information

Zerodha was founded in 2010 by Nithin and Nikhil Kamath in Bangalore. The company offers a trading platform for equity, currency, and commodities categories on the NSE, BSE, and MCX exchanges. Zerodha operates more than 120 branches and partner offices.

Groww is also a Bangalore-based trading platform founded by Lalit Keshre, Harsh Jain, Neeraj Singh, and Ishan Bansal. Since the commodity and currency categories are not yet enabled, it solely provides trading in the NSE and BSE.

Read Also: Zerodha Margin Calculator

Groww vs Zerodha Charges

• Zerodha vs Groww Account Opening Charges & AMC

Account Opening and Demat Charges	Zerodha	Groww
Equity Trading Account Opening Charges	Zero	Zero
Commodity Account Opening Charges	Zero	N/A
Trading Account AMC Charges	Zero	Zero
Demat Account Opening Charges	Zero	Zero
Demat Account AMC Charges	INR 300 + GST	Zero

• Zerodha vs Groww Brokerage Charges

Particulars	Zerodha	Groww
Equity Delivery	No brokerage	INR 20 per order or 0.1%, whichever is lower
Equity Intraday	INR 20 per order or 0.03%, whichever is lower	INR 20 per order or 0.1%, whichever is lower
Equity Futures	INR 20 per order or 0.03%, whichever is lower	INR 20 per executed order
Equity Options	Flat INR 20 per executed order	INR 20 per executed order
Currency Futures	INR 20 per order or 0.03%, whichever is lower	N/A
Currency Options	INR 20 per executed order	N/A
Commodity Futures	INR 20 per order or 0.03%, whichever is lower	N/A
Commodity Options	INR 20 per executed order	N/A
Call & Trade Charge	INR 50 per executed order	N/A
Minimum Brokerage	INR 20 or 0.03% in Intraday and F&O trades	INR 20 or 0.1% in Equity Intraday, Delivery
P&L/CMR Charges	First CMR request is free, INR 20 + INR 100 (courier charge) + 18% GST for subsequent requests	INR 20 + INR 100 (courier charge) + 18% GST for subsequent requests

Read Also: Zerodha vs Upstox: Find the Best Stock Broker India

• Zerodha vs Groww Transaction Charges

Particulars	Zerodha	Groww
Equity Delivery	NSE: 0.00297% | BSE: 0.00375% (Both Buy and Sell)	NSE: 0.00297% | BSE: 0.00375% (Both Buy and Sell)
Equity Intraday	NSE: 0.00297% | BSE: 0.00375% (Both Buy and Sell)	NSE: 0.00297% | BSE: 0.00375% (Both Buy and Sell)
Equity Futures	NSE: 0.00173%%| BSE: Nil	NSE: 0.00173% | BSE: 0 (Both Buy and Sell)
Equity Options	NSE: 0.03503% | BSE: 0.0325% (on premium)	NSE: 0.03503% | BSE: 0.0325% (on premium)
Currency Futures	NSE: 0.00035%| BSE: 0.00045%	N/A
Currency Options	NSE: 0.0311%| BSE: 0.001%	N/A
Commodity Futures	MCX: 0.0021% | NSE: 0.0001%	N/A
Commodity Options	MCX: 0.0418% | NSE: 0.001%	N/A

• Groww vs Zerodha Other Statutory Charges

Statutory Charges	Zerodha	Groww
STT/CTT Equity Delivery	0.1% (Both Buy & Sell)	0.1% (Both Buy & Sell)
STT/CTT Equity Intraday	0.025% on the sell side	0.025% on the sell side
STT/CTT Equity Futures	0.0125% on the sell side	0.02% on Sell Side
STT/CTT Equity Options	0.1% on the sell side (on premium)	0.01% on Sell Side (on Premium)
STT/CTT Currency Futures & Options	No STT	N/A
STT/CTT Commodity Futures	MCX: 0.01% on Sell side	N/A
STT/CTT Commodity Options	0.05% on Sell side	N/A
SEBI Turnover Charges	INR 10/crore	INR 10/crore
GST	18%	18%
Stamp Equity Delivery	0.015% or INR 1500/crore on buy-side	0.015% or INR 1500/crore on buy-side
Stamp Equity Intraday	0.003% or INR 300/crore on buy-side	0.003% or INR 300/crore on buy-side
Stamp Equity Futures	0.002% or INR 200/crore on buy-side	0.002% or INR 200/crore on buy-side
Stamp Equity Options	0.003% or INR 300/crore on buy-side	0.003% or INR 300/crore on buy-side
Stamp Currency Futures	0.0001% or INR 10/crore on buy-side	N/A
Stamp Currency Options	0.0001% or INR 10/crore on buy-side	N/A
Stamp Commodity Futures	0.002% or INR 200/crore on buy-side	N/A
Stamp Commodity Options	0.003% or INR 300/crore on buy-side	N/A
DP (Depository participant) Charges	INR 15.34 per scrip	INR 18.25 per company only on Sell (INR 0 < 100 Debit Value)
Pledging Charges	INR 30 per scrip	INR 20 per ISIN, for Pledge/Unpledge Order
Auto Square off Charges	INR 50 per executed order	INR 50 per position
API Subscription Charges	INR 2,000 per app each month	INR 499 per month for access to all trading

Also Read: Top Stock Brokers in India 2024

Groww vs Zerodha: Exposure/Leverage (Margin)

Depending on the stock, Zerodha’s intraday trading margin can reach up to 20% of the transaction value (5x leverage), whereas Groww’s intraday cash margin can also reach up to 20% of the deal value (5x leverage).

Segment	Zerodha	Groww
Equity Delivery	100% of trade value (1x leverage)	100% of trade value (1x leverage)
Equity Intraday	Upto 20% of trade value (5x leverage)	Upto 20% of trade value (5x leverage)
F&O (Equity, Currency & Commodity)	100% of NRML margin (Span + Exposure) (1x leverage)	100% of NRML margin (Span + Exposure) (1x leverage)

Features of Groww vs Zerodha Platforms

Feature	Zerodha	Groww
3 in 1 Account	Yes	No
Algo Trading	Yes	Yes
Charting	Yes	Yes
Trading Platform	Kite Web, Kite Mobile for Android and iOS, and Coin	Groww web, Groww Mobile for Android
SMS Alerts	No	Yes
Online Demo	Yes	Yes
Online Portfolio	Yes	Yes
Margin Trading Funding Available	Yes	Yes
Margin Against Shares (Equity Cash)	Yes	Yes
Margin Against Shares (Equity F&O)	Yes	Yes
Intraday Square-off Time	15:20 for equity, 15:25 for derivatives	15:20
Other Features	Direct Mutual Funds, APIs for Algo Trading	–
Referral Program	Yes	Yes

Also Read: Fyers Brokerage Calculator

Groww vs Zerodha – Pros and Cons

	Zerodha	Groww
Pros	1. India’s No. 2 stockbroker by active clients and trading volume 2. Free account opening for residents 3. Free equity delivery trades (Cash-N-Carry) 4. Flat INR 20 or 0.03% per order brokerage across BSE, NSE, MCX 5. No clearing charges (self-clearing broker) 6. Pay-as-you-go pricing, no prepaid plans 7. Free access to platforms: Kite, Console, and Coin 8. Kite 3 mobile app (modern, fast, trader-friendly) 9. Direct mutual fund investment via Coin, no commission 10. Good-Till-Triggered (GTT) orders supported 11. Online IPO application available Safe, reliable, and technologically advanced 12. NRI Trading account available (offline process)	1. India’s No. 1 broker by number of active clients 2. Zero account opening fee 3. Zero maintenance charges (No Demat AMC) 4. Flat INR 20 per trade brokerage 5. Instant paperless account opening 6. Online IPO application available 7. Direct Mutual Fund platform with potential 1.5% extra returns 8. Free Mutual Fund investments with no hidden fees 9. Educational resources: E-books, blogs, market insights 10. Option to invest in digital gold 11. Trading in SME shares available
Cons	1. No research tips or recommendations 2. No lifetime AMC-free Demat account 3. Call & Trade charged INR 50 per executed order 4. Auto Square-Off charged INR 50 per order 5. Monthly unlimited trading plans not available 6. Console is a separate back-office platform with overnight data updates	1. Limited investment products compared to full-service brokers 2. No Call and Trade facility 3. No stock tips, research reports, or investment recommendations 4. SME shares and SME IPOs are not supported 5. No physical branch or offline support (entirely online) 6. Advanced order types like BO, CO, and AMO not available 7. Margin Against Share is available 8. Trailing Stop Loss orders not supported 9. NRI Trading and Demat accounts not offered

Read Also: Zerodha AMC Charges: A Comprehensive Breakdown

Groww vs Zerodha FAQs