Groww vs Zerodha: Charges & Features Compared

Groww and Zerodha are both popular stock brokers in India. Both brokers are registered with SEBI and have revolutionized the way Indians invest. With user-friendly platforms and a range of features, they both have their strengths and weaknesses. So, therefore, today we are going to discuss a detailed comparison of Groww vs Zerodha.  

Choosing the right stock broker does not have to be a tough decision. This comparison is majorly based on different factors such as fees and charges, investment products, user experience, customer support, and security.

To know about Groww and Zerodha, let’s have a look at the brief description of both to have a general understanding.

Quick Introduction of Groww and Zerodha

Groww

Groww is an online stock broker that offers online brokerage services to invest in Equity, IPO, and Direct Mutual Funds. The company also offers Digital gold, US Stocks, and Fixed deposits as other investment options for its customers. 

You can easily download their web and mobile trading app which is completely safe and secure with 128-bit encryption.

Groww is an online broker, therefore, it does not offer any tips, recommendations, or research services. However, they do have free eBooks, informative and educative blogs, and other resources to help investors learn the basics of investment. This is especially beneficial for those who are beginners.

Zerodha

Zerodha is a Bangalore-based discount stock broker that offers Equity Cash, Equity F&O, and commodities in Rs. 20 per trade. This means that it does not matter whether you have to trade for Rs 1 lakh or 1 crore, you have to pay a flat low brokerage of Rs 20 per trade.

With Zerodha, you can invest in and trade a variety of segments, including Initial Public Offerings (IPOs), stocks, currency, commodities, mutual funds, bonds, and fixed income.

It was launched in the year 2010 and is gaining popularity, especially among retail traders, and growing its base. Zerodha has different platforms offering a range of features that cater to beginners and seasoned traders. The trading platforms are:

• Zerodha Kite
• Zerodha Console
• Zerodha Coin
• Zerodha Varsity

Features Comparison

Before starting your journey as an Investor on any of these platforms, it is important to know and consider all the important factors. Therefore, here is a table summarizing the quick comparison of the features of Groww and Zerodha.

Feature	Groww	Zerodha
User Interface	The interface is quite beginner-friendly.	Zerodha offers a feature-rich platform and beginners may need some time to get acquainted with the platform.
Trading Platforms	It provides a simplified and easy-to-use mobile app.	Zerodha has a dedicated flagship trading platform “Kite”.
Minimum Investment Amount	None	None
Research Tools	Basic	Detailed
Referral Program	Groww used to award Rs.100 to both the referrer and the referee. But as of now, they have discontinued the refer and earn program.	You get 300 reward points for each successful referral.  These reward points can be used to waive the annual Account Maintenance Charge (AMC) or subscribe to Zerodha’s paid partner products.
Additional Features	Direct mutual funds, margin trading, and option trading	Mutual fund recommendations and goal-based investing.

Advantages and Disadvantages of Groww and Zerodha

Now that we have discussed the detailed comparison of the features of Groww vs Zerodha, let us know about their advantages and disadvantages as well.

	Groww	Zerodha
Pros	Due to the easy-to-use interface and simple navigation, people are investing in Groww in huge numbers. It is cost-effective charges no commission for direct mutual funds and allows investments without any hassle. There are a variety of options such as equity, mutual funds, digital gold, and more.	Zerodha is very transparent about all the transaction pricing. There are no hidden charges so the users can see their transaction costs. There are all the advanced Trading tools available. You can get access to market depth, technical indicators, charts, and more. Zerodha has low brokerage charges which reduces trading costs. Has partnerships with brands like Smallcase, Sensibull, Streak, and Golden PI. E-mandate is maintained separately and SIPs can be created/paused/edited
Cons	There are limited research tools on Groww. Advanced research and analysis tools are not available. Derivatives trading and IPO application are not supported by Groww. One cannot modify SIP (which also acts as an e-mandate). So for editing one has to delete the SIP and create another.	You cannot trade on Forex through this broker. A fee is charged for opening and maintaining an account. There can be issues where the platform can freeze due to increased traffic.

Groww vs Zerodha Charges

Here is a quick detailed summary of all the fees charged by these platforms. You can have a look and choose the one which suits you the best:

Charges	Groww	Zerodha
Account Opening Charges	Groww app has zero account opening charges.	Rs.200
Annual Maintenance Charges	Zero	Zerodha account maintenance charges are Rs.300
Interest on Margin Trading	NIL	0.035% per day (Equivalent to 12.775% p.a.)
Equity Delivery Charges	Rs. 20 per executed order.	Rs.20 or 0.03% per executed order, whichever is lower.
Equity Intraday Charges	Rs.20 or 0.05% per executed order, whichever is lower.	Rs.20 or 0.03% per executed order, whichever is lower.
Equity Options Charges	Flat Rs.20 per executed order.	Flat Rs.20 per executed order.
Currency Options Charges	Does not offer	Flat Rs.20 per executed order.
Commodity Futures Charges	Does not offer	Rs.20 or 0.03% per executed order, whichever is lower.
Minimum Brokerage	Groww app has no brokerage charges	Zero
Transaction Charges	0.00225% of Total turnover	0.00325% of Total turnover
GST	18% on (Brokerage + Transaction charge + SEBI fees)	18% on (Brokerage + Transaction charge + SEBI fees)
Pledging	Rs.20	Rs.30 + GST per pledge request.
Demat	Rs. 150 per certificate + courier charges	Rs.150 per certificate + Rs. 100 courier charges
Remat	Rs. 150 per certificate + courier charges	Rs. 150 per certificate + 100 courier charges + CDSL charges
DP Charges	DP charges in Groww are ₹13.5 + GST per company	₹13.5 + GST per scrip (irrespective of quantity)

User Review & Feedback 

According to our research, users have reported mixed reviews about both platforms. People reported Groww to be a user-friendly platform with a simple interface. It is very well-liked by the beginners. 

Users have not reported any major disadvantage. However, the majority of them leaned towards opting for Zerodha as it has better UI and advanced features. Also, the registration and onboarding process on Zerodha is comparatively easier which makes the investing experience completely hassle-free.

Customer Support

Both platforms offer customer support through various channels like chat, emails, phone, and other live in-app chat services. You can easily reach out to them and get your queries resolved quickly

Moreover, they have detailed guides and separate FAQ sections where most of the common queries are already answered in detail.

Groww

Designation	Contact Person	Contact Number	Email ID
Head of Customer Care	Mr. Sunil Bissa	8046161210 Monday to Friday (9 AM - 5 PM)	[email protected]
Compliance Officer	Mr. Gaurav Seth	8061933732 Monday to Friday (9 AM - 5 PM)	[email protected]
Designated Director	Mr. Santosh Jayaram	01161195318 Monday to Friday (9 AM - 5 PM)	[email protected]

In the absence of a response or if your complaint has been addressed to your satisfaction, you may call and lodge a complaint at 080 68249147.

Zerodha

Designation	Name	Contact Number	Email
Customer Care	Renuka P D	9513369973	[email protected]
Head of Customer Care	Hanan Delvi	9513369972	hanan.d2zerodha.com
Head Of Compliance	Pankathi H Jain	9513369971	[email protected]
CEO	Nithin Kamath	9513369970	[email protected]

Final Words

Groww and Zerodha are popular investing apps catering to different audiences all while offering unique features. Ultimately, the choice between Groww and Zerodha depends on your investment goals and preferences. Both platforms have their strengths and weaknesses. Therefore, it is important to evaluate them based on your individual needs and preferences.

We tried our best to provide a detailed comparison of Groww vs Zerodha in this article. In case, you want to expand your portfolio and invest in US stocks then here is a detailed comparison between INDmoney vs. Vested for you! You must evaluate every aspect, from the platform’s security measures to its customer support, and then make an informed decision.