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HomeStock BrokerGroww vs Zerodha

Groww vs Zerodha

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...

Zerodha

Zerodha

Active Clients: 68,62,233

Zerodha holds the position of India's top stockbroker, ranking among the largest and most esteemed brokers providing online **flat fee discount brokerage** services for investments in Equity, Currency, Commodity, IPO,...

Side-by-Side Compare Table

CategoryGrowwZerodha
Basic Details
  • •Broker Type: Digital-first discount broker
  • •Founded: 2016 (broking entity expanded later from MF platform)
  • •Broker Type: Discount broker
  • •Founded: 2010
Charges & AMC
  • •Trading and Demat Account Opening: Rs 0
  • •Trading AMC: Rs 0
  • •Trading and Demat Account Opening: Rs 0
  • •Trading AMC: Rs 0
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 0
  • •Equity Intraday: Flat Rs 20 or 0.03% (whichever is lower)
Other Charges
  • •Auto square-off charge: Rs 50
  • •Statutory and exchange charges apply separately.
  • •Statutory charges apply across segments: STT, exchange charges, GST, SEBI charges, stamp duty.
  • •DP and depository-side transactional charges apply for applicable sell-side delivery flows.
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.
  • •Intraday leverage can go up to around 20x in selected contexts.
  • •Margin remains subject to segment-wise risk and exchange rules.
Features
  • •Paperless onboarding and simple UX.
  • •Strong mutual fund and retail investing workflow.
  • •Market-leading client base and volume share.
  • •Transparent flat-fee pricing model.
Trading Platforms
  • •Groww Mobile App
  • •Groww Web Platform
  • •Zerodha Kite (web and mobile)
  • •Coin (mutual funds)
Reviews & Ratings
  • •Positioned as beginner friendly with strong app adoption.
  • •In this source snapshot, no single numeric consolidated rating table is shown.
  • •Widely regarded as one of the top discount brokers in India.
  • •In this extract, no single combined numeric rating table is displayed.
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, limit, and intraday order flows
  • •Derivatives execution and strategy-linked tools via ecosystem partners
Suitable For (Investor Type)
  • •First-time investors preferring clean mobile-first experience.
  • •Cost-conscious users who also invest in direct mutual funds.
  • •Investors seeking transparent low brokerage and direct MF investing.
  • •Active traders preferring robust charting/tool ecosystem.
Pros and Cons
  • •Pros:
  • •Zero opening/AMC and low brokerage.
  • •Pros:
  • •Zero delivery brokerage and low flat intraday/F&O fees.

Detailed Comparison

Basic Details

GrowwZerodha
  • •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: 2010
  • •SEBI Registration: INZ000031633
  • •NSE Member Code: 13906
  • •Net Worth: Rs 14374.75 Cr

Charges & AMC

GrowwZerodha
  • •Trading and Demat Account Opening: Rs 0
  • •Trading AMC: Rs 0
  • •Demat AMC: Rs 0
  • •Trading and Demat Account Opening: Rs 0
  • •Trading AMC: Rs 0
  • •Demat AMC: Rs 300 per year

Brokerage

GrowwZerodha
  • •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 0
  • •Equity Intraday: Flat Rs 20 or 0.03% (whichever is lower)
  • •Equity Futures: Flat Rs 20 or 0.03% (whichever is lower)
  • •Equity Options: Flat Rs 20 per executed order
  • •Mutual Funds (direct): Rs 0

Other Charges

GrowwZerodha
  • •Auto square-off charge: Rs 50
  • •Statutory and exchange charges apply separately.
  • •Statutory charges apply across segments: STT, exchange charges, GST, SEBI charges, stamp duty.
  • •DP and depository-side transactional charges apply for applicable sell-side delivery flows.

Leverage (Margin)

GrowwZerodha
  • •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.
  • •Intraday leverage can go up to around 20x in selected contexts.
  • •Margin remains subject to segment-wise risk and exchange rules.

Features

GrowwZerodha
  • •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.
  • •Market-leading client base and volume share.
  • •Transparent flat-fee pricing model.
  • •Strong ecosystem: Kite, Coin, Varsity, and partner tools.

Trading Platforms

GrowwZerodha
  • •Groww Mobile App
  • •Groww Web Platform
  • •915 by Groww (advanced web terminal)
  • •Zerodha Kite (web and mobile)
  • •Coin (mutual funds)
  • •Ecosystem tools: Streak, Sensibull, Smallcase, and more

Reviews & Ratings

GrowwZerodha
  • •Positioned as beginner friendly with strong app adoption.
  • •In this source snapshot, no single numeric consolidated rating table is shown.
  • •Widely regarded as one of the top discount brokers in India.
  • •In this extract, no single combined numeric rating table is displayed.

Investment Options

GrowwZerodha
  • •Equity
  • •Intraday and derivatives
  • •IPO
  • •ETFs
  • •Direct mutual funds
  • •Digital gold
  • •Equity
  • •F&O
  • •Currency and commodity
  • •IPO, bonds, G-Secs
  • •Direct mutual funds

Order Types Offered

GrowwZerodha
  • •Standard market and limit order flows
  • •App and web based execution
  • •Advanced workflow through 915 terminal for active users
  • •Standard market, limit, and intraday order flows
  • •Derivatives execution and strategy-linked tools via ecosystem partners

Suitable For (Investor Type)

GrowwZerodha
  • •First-time investors preferring clean mobile-first experience.
  • •Cost-conscious users who also invest in direct mutual funds.
  • •Traders seeking simple flat-fee execution.
  • •Investors seeking transparent low brokerage and direct MF investing.
  • •Active traders preferring robust charting/tool ecosystem.
  • •Beginners and advanced users due to education plus platform depth.

Pros and Cons

GrowwZerodha
  • •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:
  • •Zero delivery brokerage and low flat intraday/F&O fees.
  • •Strong product ecosystem and technology maturity.
  • •Trusted and transparent pricing structure.
  • •Cons:
  • •No branch-heavy assisted full-service model.
  • •Some advanced workflows rely on external integrated tools.

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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