Groww vs Zerodha: Find the best Stock Broker India

Groww and Zerodha are among the biggest discount brokers in India. This means they don’t provide any recommendations or tips. Both brokers are registered with SEBI and offer investments in different market segments like Equity, F&O, Currency, and Commodities. However, they provide state-of-the-art trading platforms and charge low and flat brokerage charges.

Groww’s broking is INR 20 or 0.1%, whichever is lower per executed order, while Zerodha’s broking is INR 20 or 0.03%, whichever is lower per trade. As of December 31, 2024, Groww has 1,31,58,530 active clients, whereas Zerodha has 81,19,791 active clients. Compared to Zerodha, Groww serves a larger clientele. This article compares Groww vs Zerodha.

Groww vs Zerodha – Company Information

Nithin and Nikhil Kamath established Zerodha in Bangalore in 2010. It provides trading in the equity, currency, and commodities categories on the NSE, BSE, and MCX exchanges. In India, the organization operates more than 120 branches and partner offices.

In 2016, Lalit Keshre, Harsh Jain, Neeraj Singh, and Ishan Bansal established Groww in Bangalore. 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	Zero (Up to INR 4,00,000), INR 100 + GST (Between – INR 4,00,000 – 10,00,000) Annual	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	Zero

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	No
Charting	Yes	Yes
Trading Platform	Kite Web Kite Mobile for Android/iOS and Coin	Groww web, Groww Mobile for Android
SMS Alerts	No	NO
Online Demo	Yes	No
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	3:20 PM	3:20 PM
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 broker in terms of the number of active clients 2. Maximum INR 20 per trade brokerage for all segments 3. Simple flat fee brokerage services across segments and exchanges (BSE, NSE, MCX) 4. The NRI Trading account is available 5. Free equity delivery trades. No brokerage charges for Cash-N-Carry orders 6. Excellent trading platforms (Kite) are available for free 7. Direct Free Mutual Fund Investment is available 8. Good Till Triggered (GTT) orders are available 9. Safe, reliable, and most technologically advanced broker in India	1. India’s No. 1 broker in terms of the number of active clients 2. Zero Account opening fee 3. Zero Maintenance Charges 4. A straightforward pricing model with affordable trading fees 5. Seamlessly apply for IPOs online 6. Instant paperless account opening 7. Benefit from a direct Mutual Fund platform that can boost your returns by an additional 1.5% 8. Enjoy free Mutual Fund investments with complete transparency and no hidden fees 9. Open an account instantly without the need for paperwork 10. Access a wealth of knowledge through E-books, Resources, and Blogs that cover the fundamentals and market updates
Cons	1. It does not provide stock tips, research, and recommendations 2. It does not offer an AMC Free Demat account 3. Call & Trade is charged an extra INR 50 per order 4. It does not offer a 3-in-1 account 5. Auto Square Off is charged at an extra Rs 50 per order 6. No margin funding 7. It does not offer monthly unlimited trading plans	1. Commodity and currency segment trading is not offered 2. Margin against shares is not available 3. Stock tips, research reports, or recommendations are not offered 4. Call and Trade services are unavailable 5. Branch support is not provided 6. There is no Margin trading facility 7. Advanced order types like BO, CO, AMO, and GTT are not supported 8. NRI Trading services are not offered. 9. Trailing stop loss orders are not available in the Groww app 10. Doesn’t offer trading in SME shares

Read Also: Zerodha AMC Charges: A Comprehensive Breakdown

Groww vs Zerodha FAQs