Zerodha vs Groww 2024- A Detailed Comparsion of Features, Charges and Trading Plateforms

zerodha_vs_groww
zerodha_vs_groww

Zerodha vs Groww: In the world of online stock trading, two names stand out: Zerodha Kite and Groww App. Both offer a wide range of features and services to help you make informed investment decisions. But which one is right for you?

In this blog post, we will take a detailed look at Zerodha and Groww, comparing their features, charges, and trading platforms. We will also discuss some of the pros and cons of each broker to help you make a decision.

Fasten your seatbelts, as we embark on a journey to uncover the true champion of the Indian online trading arena.

Zerodha vs Groww: About

Zerodha

Zerodha is India’s leading stock broker, offering online flat fee discount brokerage services across a wide range of investment products, including equity, currency, commodity, IPO, futures & options, bonds, government securities, and direct mutual funds.

For equity delivery trades and direct mutual funds, Zerodha charges no brokerage. For intraday and futures trading, it charges a flat fee of Rs 20 or 0.03% (whichever is lower) per trade. Additionally, for options trades, it charges a flat fee of Rs 20 per executed order….read more

Groww

Groww is a Bengaluru-based online discount broker providing flat-fee brokerage services for Equity, IPO, and Direct Mutual Funds investments.

Founded in 2016, Groww initially focused on direct mutual fund investments but expanded its offerings to include equity trading in the mid-2020s. Groww is operated by Nextbillion Technology Private Limited, a SEBI-registered stockbroker and member of NSE and BSE. Additionally, the company offers Digital gold, US Stocks, and Fixed Deposits……read more

Zerodha vs Groww: Overview

DetailsZerodhaGroww
Type of BrokerDiscount BrokerDiscount Broker
Exchange MembershipNSE, BSE, MCX, and NCDEXNSE and BSE
Founded in20102016
Number of Branches75+0 (only Online Services Available)
Users15 million+ (9.5 Active users)15 million+ registered users
Rating on Playstore⭐ 4.0 Out of ⭐ 5.0 (Based on 326K Votes)⭐ 4.3 Out of ⭐ 5.0 (Based on 994K votes)
Downloads on Playstore10M+50M+
Founder byNithin Kamath and Nikhil KamathLalit Keshre and Harsh Jain
Market Cap$2 billion₹1 trillion in assets
Websitehttps://zerodha.com/https://groww.in/

Zerodha vs Groww – Features

FeatureZerodhaGroww
Trading PlatformsKite Web, Kite Mobile for Android/iOS and CoinGroww trading software
3 in 1 AccountNoNo
ChartingYesYes
Automated TradingYesNo
SMS AlertsNoYes
Online DemoYesYes
Online PortfolioNoYes
Margin TradingNoNo
FundingYesNo
Margin Against Shares (Equity Cash)YesNo
Margin Against Shares (Equity F&O)YesYes
Intraday Square-off TimeEq Cash: 3:15 PM | Eq F&O : 3:25 PM | Currency: 4:45 PM | Commodities: 25 min before close3:10 PM
Trading In SME Shares Allowed?YesNo
Referral ProgramYes
Other FeaturesDirect Mutual Funds, APIs for Algo TradingDirect Mutual Funds, SIP, ETFs, US Stocks

Zerodha vs Groww: Charges

Zerodha vs Groww: AMC & Account Opening Charges

ChargesZerodhaGroww
Trading Account Opening Charges₹200Free
Trading Account AMC ChargesFreeFree
Demat Account Opening ChargesFreeFree
Demat Account AMC Charges₹300Free

Zerodha vs Groww: Brokerage Charges

ChargesZerodha Zero PlanGroww Standard Plan
Account TypeFlat FeeFlat Fee
Fixed ChargesNoneNone
Equity DeliveryFree₹20 per order or 0.05%, whichever is lower
Equity Intraday₹20 per order or 0.03%, whichever is lower₹20 per order or 0.05%, whichever is lower
Equity Futures₹20 per order or 0.03%, whichever is lower₹20 per order
Equity Options₹20 per order₹20 per order
Currency Futures₹20 per order or 0.03%, whichever is lowerN/A
Currency Options₹20 per orderN/A
Commodity Futures₹20 per order or 0.03%, whichever is lowerN/A
Commodity Options₹20 per orderN/A

Zerodha vs Groww: Other Charges

Other ChargesZerodhaGroww
Minimum Brokerage0.03% for intraday and futures/options (F&O) trades₹20 or 0.05% per order, whichever is lower
Other ChargesPhysical contract notes: ₹20, trade SMS alerts: ₹1 per SMSPhysical contract note: ₹20 + courier charges; auto-square-off charges: ₹50
Call & Trade Charges₹50 per orderN/A

Zerodha vs Groww: Transaction Charges

ChargesZerodhaGroww
Equity DeliveryNSE: ₹325 per Cr (0.00325%)BSE: ₹375 per Cr (0.00375%) (each side)
Equity IntradayNSE: ₹325 per Cr (0.00325%)BSE: ₹375 per Cr (0.00375%) (sell side)
Equity FuturesNSE: ₹190 per Cr (0.0019%)NSE: 0.002%
Equity OptionsNSE: ₹6250 per Cr (0.0625%) (on premium)NSE: 0.053% on premium
Currency FuturesNSE: ₹90 per Cr (0.0009%)BSE: ₹25 per Cr (0.00025%)
Currency OptionsNSE: ₹3500 per Cr (0.035%)BSE: ₹100 per Cr (0.001%) (on premium)
Commodity Group ANSE: ₹260 per Cr (0.0026%)N/A

Zerodha vs Groww: Leverage (Margin)

ChargesZerodhaGroww
Equity Delivery100% of trade value (1x leverage)100% of trade value (1x leverage)
Equity IntradayUp to 20% of trade value (5x leverage)Up to 20% of trade value (5x leverage)
Futures & Options (F&O)100% of NRML margin (Span + Exposure) (1x leverage)100% of NRML margin (Span + Exposure) (1x leverage)

Zerodha vs Groww: Regulatory

Both Zerodha and Groww are registered with the Securities and Exchange Board of India (SEBI) and adhere to the regulatory requirements set forth by the organization. This means that they are both safe and trustworthy platforms for trading in India.

Zerodha vs Groww: Regulatory status

DetailsZerodhaGroww
Regulatory bodySecurities and Exchange Board of India (SEBI)Securities and Exchange Board of India (SEBI)
Registration typeCategory 1 Stock BrokerCategory 1 Stock Broker
Registration numberINB/BO/0120309INB/BO/0112451
MembershipNSE, BSE, MCXNSE, BSE, MCX

In addition to being SEBI-registered, Zerodha and Groww also have other regulatory certifications. Zerodha is a member of the National Stock Exchange of India (NSE), the Bombay Stock Exchange (BSE), and the Multi Commodity Exchange of India (MCX). Groww is also a member of the NSE, BSE, and MCX.

These certifications provide further assurance that Zerodha and Groww are reputable and compliant with industry standards.

Zerodha vs Groww App Pros and Cons

✅ Zerodha Pros✅ Groww Pros
India’s No. 1 broker in terms of the number of active clients and exchange volume.Simple pricing model with low-cost trading charges.
Safe, reliable, and most technologically advance broker in India.Free Mutual Fund investments with no hidden charges.
Simple flat fee brokerage services across segments and exchanges (BSE, NSE, MCX).Zero Account opening fee.
Free equity delivery trades. No brokerage charges for Cash-N-Carry orders.Zero Maintenance Charges.
Flat Rs 20 per trade brokerage for all other segments.Direct MF platform that helps you earn an extra 1.5% returns.
Excellent trading platforms (Kite) available for free.E-books, Resources, and Blogs that provide the basics and updates on the stock market to help investors make an informed decision.
Direct Mutual Fund Investment is available.Instant paperless account opening.
Good Till Triggered (GTT) orders are available. These are similar to GTC orders.Online IPO application.
NRI Trading account is available.Inhouse Brokerage Calculator
Option to invest online in digital gold and US Stocks. Other products (Derivatives, FD) in the pipeline.
❌ Zerodha Cons❌ Groww Cons
It does not provide stock tips, research, and recommendations.Limited investment products with no option to currently trade in derivatives (futures & options), commodity, and currency segment.
Call & Trade is charged an extra Rs 50 per order.Doesn’t offer trading in SME shares.
Auto Square off is charged at an extra Rs 50 per order.No Call and Trade services.
It does not offer a 3-in-1 account.Branch support not available.
It does not offer monthly unlimited trading plans.Do not provide stock tips, research reports, or recommendations.
It does not offer an AMC Free Demat account.No Margin trading facility.
No margin funding.No Margin against shares.
Advanced order types like BO, CO, AMO, and GTT not available.
Do not offer NRI Trading.

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FAQs

Q. Is Zerodha better than Groww?

Determining whether Zerodha or Groww is “better” depends on your individual trading needs and preferences. Both platforms offer a variety of features and benefits, so the best choice for you will depend on your specific requirements.

Zerodha is known for its low brokerage fees, advanced trading platforms, and wide range of investment products. It also has a strong reputation for customer service and innovation.

Groww is a user-friendly platform that is particularly well-suited for beginner investors. It offers a simplified trading experience and a focus on mutual funds and ETFs.

Zerodha vs Groww: Key differences

FeatureZerodhaGroww
Brokerage feesLowVery low
Trading platformsKite, PiGroww
Investment productsEquity, F&O, currency, commoditiesEquity, mutual funds, ETFs, US stocks
Customer serviceStrongGood
InnovationHighLow
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