INDmoney vs Zerodha: Features, Charges & Benefits

Investing in the indian financial market has never been easier, but thanks to powerful platforms like Zerodha and INDmoney. The brokerage apps are the most efficient vehicles for your investing and trading journey. So here we will discuss INDmoney vs Zerodha, which one is better.

Overview

INDmoney: This platform was founded in 2019, as it is a wealth management super app that offers investment in US stocks, fixed deposits, mutual funds, and many more. So it is widely known for its zero-commission investment. Here are the key features:

The platform type is a wealth management & investment app.
The primary focus is on US stocks, mutual funds, and tracking.
This platform is beginner-friendly.
The portfolio tracking is the all-in-one dashboard.
They offer retirement planning.

Zerodha: This platform was founded in 2010, and it is the largest discount brokerage firm, which is well known for its low-cost stock trading, reliable performance, and sleek interface. This platform is ideal for active traders and investors in Indian equities, IPOs, and F&O. Here are the key features:

The platform type is a discount stockbroker.
Their primary focus is intraday, stock trading, and F&O.
This platform is moderate, ideal for active traders.
They offer advanced charting and tools.
They charge a low brokerage (INR 20 max order)

	INDmoney	Zerodha
Founded in	2019	2010
Founders	Ashish Kashyap	Nikhil Kamath & Nithin Kamath
Head Office	Gurugram, Haryana, India	Bengaluru (Karnataka, India)
Exchanges supported	BSE, NSE, CDSL, US Stock Exchange Commission	BSE, NSE, MCX & MCX-SX
Number of branches	0	120+
Trading platform	INDmoney Super Money App	Kite

Account Opening Charges

Here are the opening charges of INDmoney vs Zerodha:

	INDmoney	Zerodha
Trading Account AMC Charges	INR 0	INR 0
Demat Account AMC Charges	INR 0	INR 300
Trading Account Opening Charges (one-time)	INR 0	INR 200
Demat Account Opening Charges (one-time)	INR 0	INR 100
Commodity account opening charges (one-time)	N/A	INR 200

Brokerage Charges

Here are the brokerage charges of Dhan vs Zeordha:

Account Types	INDmoney	Zerodha
Commodity Options	N/A	INR 20 per executed order
Commodity Futures	N/A	INR 20 per executed order or .03% is lower
Equity Options	INR 20 per executed order	INR 20 per executed order
Equity Intraday	INR 20 per executed order or .05% is lower	INR 20 per executed order or .03% is lower
Equity Futures	INR 20 per executed order or .05% is lower	INR 20 per executed order or .03% is lower
Equity Delivery	INR 20 per executed order or .05% is lower	INR 0 (Free)
Currency Options	N/A	INR 20 per executed order
Currency Futures	N/A	INR 20 per executed order or .03% is lower

Pros and Cons

Here are the pros and cons of INDmoney Vs Zerodha:

	INDmoney	Zerodha
Pros	They have a US stock investing option. They offer great financial planning for beginners. They offer a zero-commission mutual fund. They have an all-in-one wealth-tracing dashboard.	Free account opening for people under 25. They offer fast order execution. They offer an NRI trading account that is available. They have advanced trading tools and charts.
Cons	They have a basic charting and analysis tool. They do not offer indian stock trading.	They charge an extra INR 50 per order on Call & Trade. There is no US stock investment.

Conclusion

In conclusion, both platforms are excellent in their own domains, so if your goal is comprehensive wealth management, then INDmoney is best as they offer a superior experience. So, if you are looking for a powerful trading platform for the Indian market, go for the Zerodha app. This is a hard beat. We hope our blog on INDmoney vs Zerodha.

About the Author

Saniya

I am a writer, and this sentence speaks louder than anything, I love to play with words because I have a passion for writing easy and good-quality content that reflects simplicity. Readers like content that is straightforward with simple language. My priority has always been to deliver content that connects with the reader.

View All Articles by Saniya