Groww vs Zerodha: Charges & Features Compared

Groww vs Zerodha

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.

Quick Intro: Groww vs Zerodha

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

Groww

Groww is an online stock broker that is offering 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.

Pricing and 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. You must evaluate every aspect, from the platform’s security measures to its customer support, and then make an informed decision.


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Investments in Mutual Funds is subject to Market Risk. Please read all scheme-related documents carefully before investing. 

I do not sell stock tips or encourage you to buy any particular stocks or companies. I am a fundamental researcher, I analyze companies and share my point of view which should be taken from an informational point of view only. 

I am Registered with AMFI (Association of Mutual Funds in India) and my Registration No. ARN-289666

Please do your own research and consult your SEBI Registered investment advisor before making any financial investments.

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