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HomeStock BrokerGroww vs Upstox

Groww vs Upstox

Side-by-side view of features, pricing context, and platform fit.

Groww

Groww

Active Clients: 1,24,80,505

Groww is a Bangalore-based online brokerage firm operating under Groww Invest Tech Pvt Ltd, a SEBI-registered broker and member of the NSE and BSE. Initially, it began as a direct mutual fund platform, and subsequentl...

Upstox

Upstox

Active Clients: 20,36,413

Upstox is a technologically advanced low-cost brokerage firm in India, offering trading services in equities, commodities, currency, futures, and options via web and mobile platforms. Upstox has received investment fr...

Side-by-Side Compare Table

CategoryGrowwUpstox
Basic Details
  • •Broker Type: Digital-first discount broker
  • •Founded: 2016 (broking entity expanded later from MF platform)
  • •Broker Type: Discount broker
  • •Founded: Legacy RKSV/Upstox retail broking entity
Charges & AMC
  • •Trading and Demat Account Opening: Rs 0
  • •Trading AMC: Rs 0
  • •Account Opening: Rs 0
  • •Demat AMC: Rs 150 per year (first-year concessions may apply in offers)
Brokerage
  • •Equity Delivery: Lower of Rs 20 or 0.05% per order
  • •Equity Intraday: Lower of Rs 20 or 0.05% per order
  • •Equity Delivery: Rs 20 or 2.5% (whichever is lower)
  • •Equity Intraday: Rs 20 or 0.05% (whichever is lower)
Other Charges
  • •Auto square-off charge: Rs 50
  • •Statutory and exchange charges apply separately.
  • •Call and Trade: Rs 20 per executed order
  • •Instant money transfer fee and physical statement fees may apply
Leverage (Margin)
  • •Margin and leverage depend on segment and risk policy.
  • •Source section introduces margin topic but does not expose one fixed leverage number in the extracted snapshot.
  • •Margin/leverage is segment specific and governed by exchange/risk policies.
  • •Delivery generally follows full margin and intraday can provide lower upfront margins.
Features
  • •Paperless onboarding and simple UX.
  • •Strong mutual fund and retail investing workflow.
  • •Digital-first execution with mobile/web stack.
  • •Strong derivatives support and low brokerage positioning.
Trading Platforms
  • •Groww Mobile App
  • •Groww Web Platform
  • •Upstox Pro web platform
  • •Upstox mobile app
Reviews & Ratings
  • •Positioned as beginner friendly with strong app adoption.
  • •In this source snapshot, no single numeric consolidated rating table is shown.
  • •Commonly viewed as low-cost, trader-friendly platform.
  • •In this extract, no final single consolidated numeric rating table is shown.
Investment Options
  • •Equity
  • •Intraday and derivatives
  • •Equity
  • •F&O
Order Types Offered
  • •Standard market and limit order flows
  • •App and web based execution
  • •Standard market and limit orders
  • •Delivery/intraday/F&O execution flows
Suitable For (Investor Type)
  • •First-time investors preferring clean mobile-first experience.
  • •Cost-conscious users who also invest in direct mutual funds.
  • •Cost-sensitive active traders.
  • •App-first users who want strong F&O workflow.
Pros and Cons
  • •Pros:
  • •Zero opening/AMC and low brokerage.
  • •Pros:
  • •Competitive low-cost brokerage model.

Detailed Comparison

Basic Details

GrowwUpstox
  • •Broker Type: Digital-first discount broker
  • •Founded: 2016 (broking entity expanded later from MF platform)
  • •SEBI Registration: INZ000301838
  • •NSE Member Code: 90187
  • •Net Worth: Rs 1433.11 Cr
  • •Broker Type: Discount broker
  • •Founded: Legacy RKSV/Upstox retail broking entity
  • •SEBI Registration: INZ000315837
  • •NSE Member Code: 13942
  • •Net Worth: Rs 839.83 Cr

Charges & AMC

GrowwUpstox
  • •Trading and Demat Account Opening: Rs 0
  • •Trading AMC: Rs 0
  • •Demat AMC: Rs 0
  • •Account Opening: Rs 0
  • •Demat AMC: Rs 150 per year (first-year concessions may apply in offers)
  • •App/web platform model with low-cost pricing

Brokerage

GrowwUpstox
  • •Equity Delivery: Lower of Rs 20 or 0.05% per order
  • •Equity Intraday: Lower of Rs 20 or 0.05% per order
  • •Equity Futures: Flat Rs 20 per order
  • •Equity Options: Flat Rs 20 per order
  • •Direct Mutual Funds: Rs 0 commission
  • •Equity Delivery: Rs 20 or 2.5% (whichever is lower)
  • •Equity Intraday: Rs 20 or 0.05% (whichever is lower)
  • •Equity Futures: Rs 20 or 0.05% (whichever is lower)
  • •Equity Options: Flat Rs 20 per order
  • •Currency/Commodity: Similar low-cost flat-fee pattern as per segment tables

Other Charges

GrowwUpstox
  • •Auto square-off charge: Rs 50
  • •Statutory and exchange charges apply separately.
  • •Call and Trade: Rs 20 per executed order
  • •Instant money transfer fee and physical statement fees may apply
  • •DP sell charges and statutory charges are additional

Leverage (Margin)

GrowwUpstox
  • •Margin and leverage depend on segment and risk policy.
  • •Source section introduces margin topic but does not expose one fixed leverage number in the extracted snapshot.
  • •Margin/leverage is segment specific and governed by exchange/risk policies.
  • •Delivery generally follows full margin and intraday can provide lower upfront margins.

Features

GrowwUpstox
  • •Paperless onboarding and simple UX.
  • •Strong mutual fund and retail investing workflow.
  • •Unified app for stocks, IPOs, ETFs, and MFs.
  • •Educational resources via blogs and ebooks.
  • •Digital-first execution with mobile/web stack.
  • •Strong derivatives support and low brokerage positioning.
  • •Direct mutual fund access with zero commission.

Trading Platforms

GrowwUpstox
  • •Groww Mobile App
  • •Groww Web Platform
  • •915 by Groww (advanced web terminal)
  • •Upstox Pro web platform
  • •Upstox mobile app

Reviews & Ratings

GrowwUpstox
  • •Positioned as beginner friendly with strong app adoption.
  • •In this source snapshot, no single numeric consolidated rating table is shown.
  • •Commonly viewed as low-cost, trader-friendly platform.
  • •In this extract, no final single consolidated numeric rating table is shown.

Investment Options

GrowwUpstox
  • •Equity
  • •Intraday and derivatives
  • •IPO
  • •ETFs
  • •Direct mutual funds
  • •Digital gold
  • •Equity
  • •F&O
  • •Commodity
  • •Currency
  • •Mutual funds

Order Types Offered

GrowwUpstox
  • •Standard market and limit order flows
  • •App and web based execution
  • •Advanced workflow through 915 terminal for active users
  • •Standard market and limit orders
  • •Delivery/intraday/F&O execution flows
  • •Call-and-trade assisted execution

Suitable For (Investor Type)

GrowwUpstox
  • •First-time investors preferring clean mobile-first experience.
  • •Cost-conscious users who also invest in direct mutual funds.
  • •Traders seeking simple flat-fee execution.
  • •Cost-sensitive active traders.
  • •App-first users who want strong F&O workflow.
  • •Investors needing discount pricing across major segments.

Pros and Cons

GrowwUpstox
  • •Pros:
  • •Zero opening/AMC and low brokerage.
  • •Strong digital onboarding and usability.
  • •Commission-free direct mutual funds.
  • •Cons:
  • •Limited offline support model.
  • •Advisory depth is lower than traditional full-service broker setups.
  • •Pros:
  • •Competitive low-cost brokerage model.
  • •Broad segment coverage across equity, derivatives, commodity, and currency.
  • •Free account opening and strong digital onboarding.
  • •Cons:
  • •Assisted services add extra charges.
  • •Some advanced full-service advisory expectations may not be met.

Final Note

Use this side-by-side comparison as a starting point and verify the latest brokerage and compliance details on official broker pages before taking decisions.

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