Which is Better Zerodha or Groww?

Which Is Better Zerodha Or Groww

The middle class is vulnerable to the financial crisis, get an answer to which is the best investment plan in India for middle class to ensure safety & wealth.

Having a Demat account is becoming as normal as having a bank account if you are a millennial.

Everybody is aware of high inflation and low bank rates thanks to youtube, social media, and influencers.

Keeping money in banks is no more a wise decision.

2022 was a record year for the number of Demat accounts opened.

One thing is very clear investing in equities or stocks is no more an option, you have to if you want to preserve your wealth.

Number of options available to open a Demat account and it becomes very confusing what to choose for a beginner.

At the start of your investing journey, it’s better to go with discount brokers.

The process is very easy and you can register and start investing in a few minutes.

The UI of these platforms is very easy to use and user-friendly.

2 discount brokers at the forefront are Zerodha & Groww.

In this article, we will discuss which is better Zerodha or Groww for new investors.

Zerodha

Zerodha is the first and the #1 discount broker in India.

Zerodha has the largest client base of 7.5 million active users.

Established: 2010

Founder: Nithin Kamath & Nikhil Kamath

Client Base: +7.5 M

Services Offered: Equity, Currency, Commodity, IPO, and Direct Mutual Funds

Groww

Groww is a well-known brand in direct mutual fund investing.

Lately, it started offering equity investment platforms for India and US.

Established: 2016

Founder: Lalit Keshre

Client Base: +20 M

Services Offered: Equity, Direct Mutual Funds, Digital gold, US Stocks, and Fixed Deposit

>> Read Groww Review

Which is Better Zerodha or Groww?

Zerodha Vs Groww Investment Options

 ZerodhaGroww
EquityYesYes
US EquityNoYes
Commodity TradingYesNo
ETFsYesYes
Mutual FundsYesYes
Bonds NoNo
Corporate Debt instrumentsNoNo
Open Zerodha AccountOpen Groww Account

Zerodha Vs Groww Features

 ZerodhaGroww
PlatformsKite, Pi, NEST, CoinGroww Web , Groww Mobile
Trading AlertsYesYes
Education InitiativesYesNo
Margin Against Shares (Equity Cash)YesNo
Margin Against Shares (Equity F&O)YesNo
UniquenessAPIsOne platform for stocks, MFs, Gold, IPOs, ETFs
Open Zerodha AccountOpen Groww Account

Zerodha Vs Groww Charges

 ZerodhaGroww
Account Opening₹200₹0
Annual Maintenance Charges₹300₹0
Open Zerodha AccountOpen Groww Account

Zerodha Vs Groww Brokerages

 ZerodhaGroww
Equity Delivery ₹20 per executed order or 0.05% of order value₹0
Equity Intraday₹20 per executed order or 0.05% of order value₹20 per executed order or .03% whichever is lower
Equity Future₹20 per executed order or .03% whichever is lower₹20 per Trade
Equity Options₹20 per executed order₹20 per Trade
Currency Futures₹20 per executed order or .03% whichever is lowerNot Available
Currency Options₹20 per executed order or .03% whichever is lowerNot Available
Commodity Futures
₹20 per executed order or .03% whichever is lower
Not Available
Commodity Options₹20 per executed order or .03% whichever is lowerNot Available
Open Zerodha AccountOpen Groww Account

Zerodha Vs Groww Transaction Charges

 ZerodhaGroww
Equity DeliveryNSE ₹325/Cr. (0.00325%) | BSE ₹300/ Cr. (0.003%)NSE ₹345/Cr. | BSE ₹345/Cr.
Equity IntradayNSE ₹325/Cr. (0.00325%) | BSE ₹300/ Cr. (0.003%)NSE ₹345/Cr. | BSE ₹345/Cr.
Equity FutureNSE ₹190/Cr. (0.0019%)NSE: 0.0019% | BSE 0.003%
Equity OptionsNSE ₹5000/Cr (0.05%)NSE: 0.0019% | BSE 0.003%
Currency FuturesNSE ₹90/Cr. (0.0009%) | BSE ₹22/Cr. (0.00022%)Not Available
Currency OptionsNSE ₹3500/Cr (0.035%) | BSE ₹100/Cr (0.001%) Not Available
Commodity ₹260/Cr. (0.0026%)Not Available
Open Zerodha AccountOpen Groww Account

Zerodha Vs Groww Leverage

 ZerodhaGroww
Equity Deliveryno marginno margin
Equity IntradayUp to 20x (based on the stock)Up to 8x (based on the stock)
Equity FuturesIntraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)Not Available
Equity OptionsIntraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)Not Available
Currency FuturesIntraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)Not Available
Currency OptionsIntraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure)Not Available
Commodity FuturesIntraday - 40%(2.5x), Carry forward - 100%(1x) of SpanNot Available
Commodity OptionsNot AvailableNot Available
Open Zerodha AccountOpen Groww Account

Conclusion

You now know the features and charges of both the discount brokers.

To answer which is better Zerodha or Groww you need to look at a few other aspects as well.

I have interacted with people who prefer one over the other because of some other reasons.

I use both the platforms, for stock investing Zerodha, and for mutual funds Groww.

They both are best in their own niche.

Zerodha has different platforms for stock investing and mutual funds.

Whereas in Groww everything at one platform.

Now you have to decide which suits you the best.

Frequently Asked Questions

Is Groww good for stocks?

It is not bad at all. You can easily invest in Indian as well as US stock markets

Is Groww app good for mutual funds?

Groww is one of the first and best mutual fund investment platforms available in India. It is something like Zerodha in stock investing. Groww also offers other investment options like Equity, Fixed Deposits, Gold, etc.

Will Groww charge AMC in the future?

Currently, it does not ask for any annual maintenance charge. Nobody knows about the future though.

Is Groww an AMC?

No. Groww is not an asset management company but a platform through which you can invest in the mutual funds of different AMCs.

Is Groww better than Zerodha?

No doubt Groww is one of the best platforms in mutual fund and stock investing however when you compare it with Zerodha it becomes subjective.
Groww provides multiple investment options in one platform and Zerodha has very specialized different platforms for different types of investments.

Is the Groww app safe?

Yes, it is completely safe. All your Equity transactions are direct with NSE and BSE, and mutual funds transactions are with AMCs. Groww is just a platform to facilitate this transaction easily.

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