While searching for the best Demat account in India we came across multiple platforms, Groww and Zerodha are also one them. If you are confused between Groww vs Zerodha. Then you are at the right spot here in this post we gonna compare these two popular stock brokers and which one is best for you.
Zerodha is India’s No1 Discount broker with over 60 lakh+ active users whereas Groww was initially launched as a mutual fund investment platform with time they have added multiple investment options and currently, it has gotten over 50 lakh active. This makes Groww one of the fastest-growing brokers in India.
Also Read: How To Invest in Groww App
Groww vs Zerodha: Basic Difference
Zerodha and Groww both are Discount brokers. Zerodha was incorporated in 2010 whereas Groww was launched in 2016.A full-Service Broker offers multiple features like In-depth research and reports, Advice on portfolio management and also help in financial planning. Whereas a Discount broker doesn’t offer such features regardless they offer buy and sell orders at cheaper prices.
| Basic Difference | Groww | Zerodha |
|---|---|---|
| Type of Broker | Discount | Discount |
| Year of Incorporation | 2016 | 2010 |
| Founders | Lalit Keshre | Nithin Kamath, Nikhil Kamath |
| Supported Exchanges | NSE, BSE | NSE, BSE, MCX, NCDEX |
| Depository | CDSL | CDSL |
Also Read: Best Mutual Fund Apps in India
Groww vs Zerodha: Account Features
| Account Features | Groww | Zerodha |
|---|---|---|
| 3 in1 Account | N/A | Available |
| Free Trading Calls | N/A | N/A |
| Free Research Report | N/A | N/A |
| Margin Funding | N/A | N/A |
| Margin Against Share | Available | Available |
| Algo Trading | N/A | Available |
| SMS Alerts | Available | Available |
| Online Demo | Available | Available |
| Online Portfolio | Available | Available |
| Intraday Square off Time | 3:15 PM | 3:20 PM |
Groww vs Zerodha: Investment Options
When searching for the best broker you should also look into their investment options as well. Since Zerodha is registered in NSE, BSE, MCX, and NCDEX it allows users to invest in Equity, F&O, Currency and Commodities. On the other side Groww Doenst have the option to invest in Currency and Commodities. So For Trader Zerodha defiantly has more options. Nevertheless, Groww has an option on its website to invest in US Stocks.
| Investment Options | Groww | Zerodha |
|---|---|---|
| Equity | Available | Available |
| Futures | Available | Available |
| Options | Available | Available |
| Currency | N/A | Available |
| Commodity | N/A | Available |
| Mutual Funds | Available | Available (Using Coin App) |
| IPO | Available | Available |
| SGBs | Available | Available |
| Bonds & Debt Instruments | N/A | Available |
| Excahnge Traded Funds (ETF) | Available | Available |
| US Stocks | Available (Only in Web Version) | N/A |
Groww vs Zerodha: Account Opening Charges and AMC
Groww Has Zero Account Opening Charges and AMC. This is really good for beginners to start their investment journey. Speaking of Zerodha, it Charges Rs 200 For account opening for trades on Equity, F&O and Currency. If you want to trade in Commodities then the charges are Rs 300. Also, Zerodha charges ₹300/year + GST as AMC.
| Charges | Groww | Zerodha |
|---|---|---|
| Account Opening Charges | Free | ₹200 (Equity, F&O and Currency.) ₹300(Equity, F&O, Currency and Commodities.) |
| Account Maintenance Charges (AMC) | Free | ₹300/year + GST |
Groww vs Zerodha: Brokerage Charges
Whenever you buy stock from your Demat you have to pay an additional charge in the form of Brokerage charges. So the Less Brokerage is always a good thing. As per the SEBI Rule, no broker can charge more than the brokerage of 2.5% of the total traded value. Below are the Brokerage Charges of these two brokers.
| Brokerage Charges | Groww | Zerodha |
|---|---|---|
| Equity Delivery | 0.05% or ₹20 Whichever is lower | Free |
| Equity Intraday | 0.05% or ₹20 Whichever is lower | 0.03% or ₹20 Whichever is lower |
| Equity Futures | ₹ 20 | 0.03% or ₹20 Whichever is lower |
| Equity Options | ₹ 20 | ₹ 20 |
| Currency Futures | N/A | 0.03% or ₹20 Whichever is lower |
| Currency Options | N/A | ₹ 20 |
| Commodities Futures | N/A | 0.03% or ₹20 Whichever is lower |
| Commodities Options | N/A | ₹ 20 |
| Call Trade | N/A | 0.03% or ₹20 Whichever is lower |
| Auto Square of Charges | ₹ 50 | ₹ 50 |
Groww vs Zerodha: Exchange Transaction Costs
Irrespective of brokerage charges, you have bare the fees charged by the Stock Exchanges like NSE, or BSE. This Charges can vary from below the Exchange Transaction Costs of these platforms. Irrespective to the fact whether the broker charges Brokerage or not.
| Exchange Transaction Costs | Groww | Zerodha |
|---|---|---|
| Equity Delivery | NSE: 0.00325% BSE: 0.00325% | NSE: 0.00325% BSE: 0.00375% |
| Equity Intraday | NSE: 0.00325% BSE: 0.00325% | NSE: 0.00325% BSE: 0.00375% |
| Equity Futures | NSE: 0.0019% | NSE: 0.0019% |
| Equity Options | NSE Exchange turnover charge: 0.05% (on premium) | NSE: 0.05% (on premium) BSE: 0.005% (on premium) |
| Currency Futures | N/A | NSE: Exchange txn charge: 0.0009% BSE: Exchange txn charge: 0.00025% |
| Currency Options | N/A | NSE: Exchange txn charge: 0.035% BSE: Exchange txn charge: 0.001% |
| Commodities Futures | N/A | Group A Exchange txn charge:0.0026% Group B: Exchange txn charge: CASTORSEED – 0.0005% KAPAS – 0.0026% PEPPER – 0.00005% RBDPMOLEIN – 0.001% |
| Commodities Options | N/A | Exchange txn charge: 0.05% |
Groww vs Zerodha: DP Charges
DP charges or Depository Participant charges are charged by the depository Like NSDL and CDSL. No matter how many units are sold, DP Charges are flat transaction fees. Below are the DP charges of Groww and Zerodha.
| DP Charges | Groww | Zerodha |
|---|---|---|
| DP Charges | Rs. 13.50 + GST per scrip per day | Rs. 13.50 + GST per scrip per day |
Groww vs Zerodha: Margin
Margin Trading Fazcitliy is almost similar to taking a bank loan. The broker allows traders to avail margin facility and trade with an extra amount along with their own money. Since it is a type of loan, you are liable to pay interest on it. Generally, this margin trading facility is important for traders if you are Investor then you don’t have to worry about this.
| Margin | Groww | Zerodha |
|---|---|---|
| Equity Delivery | N/A | N/A |
| Equity Intraday | 5X | 3X |
| Equity Futures | 2X | 2.5X |
| Equity Options | 2X | 2.5X |
| Currency Futures | N/A | 2.5X |
| Currency Options | N/A | 2.5X |
| Commodities Futures | N/A | 2.5X |
| Commodities Options | N/A | 2.5X |
Also Read: Top 10 Best FMCG Stocks in India
FAQs: Groww vs Zerodha
In simple words, if you want a large sum for the long-term regularly then Zerodha is a better option to choose. Whereas those who want to save little amount in they should opt for Groww.
Zerodha Charges ₹300/year + GST as AMC.
Yes Zerodha is SEBI Registered Stock Brokereg firm.
Groww is better for investing in mutual funds, also apps like Upstox, Paytm and Indmoney are great to consider mutual funds.
Conclusion
As always Groww turn out the best for small investors, especially students who just want to invest a small portion in the market for the long term. The User Interface and pricing are extremely attractive. If you only want to invest in mutual funds then also you can consider Groww over Zerodha.
Zerodha Delivers a feature-rich platform with modern appeal. Trading view charts, market depth, and other advanced features are available on the platform. Also, Zerodha sports GTC Orders, After Market Orders, Bracket Orders and Cover Orders. Therefore this platform can be challenging to use. However, after playing with the UI for some time you will get used to it. Therefore Zerodha is a great platform for all traders.
Also Read: Upstox Vs Groww
