Groww vs Zerodha
A full side-by-side comparison of brokerage charges, demat AMC, margin, platforms, features and user ratings — updated for 2026.
Groww
VS
Zerodha
Groww vs Zerodha — quick verdict
Choose Groww if
You want low-cost, self-directed trading
Investing Made Simple
Choose Zerodha if
You want low-cost, self-directed trading
India's largest discount broker — ₹0 equity delivery, flat ₹20 intraday/F&O and the clean, reliable Kite platform.
Company overview
Groww is a discount broker incorporated in 2016; Zerodha is a discount broker incorporated in 2010.
| Parameter | Groww | Zerodha |
|---|---|---|
| Type of broker | Discount Broker | Discount Broker |
| Exchange membership | NSE · BSE · MCX | NSE · BSE · MCX |
| Year of incorporation | 2016 | 2010 older |
| Number of branches | Not Disclosed | 0 |
| Active clients | ~1.29 Crore | ~1.6 crore larger |
Charges & AMC
Account-opening and maintenance charges for Groww and Zerodha compared side by side.
| Parameter | Groww | Zerodha |
|---|---|---|
| Trading a/c opening | ₹0 (Free) | ₹200 (Online) |
| Trading a/c AMC | ₹0 (Free) | ₹0 (Free) |
| Demat a/c opening | ₹0 (Free) | ₹0 (Free) |
| Demat a/c AMC | ₹0 (Free) lower | ₹300 |
| DP charges (per ISIN, sell) | Depository ₹3.50 (Male) / ₹3.25 (Female) + Groww ₹16.50 per debit transaction (₹0 for debit value below ₹100) lower | ₹13.5 + GST per debit |
Brokerage charges
How Groww and Zerodha price each trading segment, per executed order.
| Parameter | Groww | Zerodha |
|---|---|---|
| Equity Delivery | ₹20 or 0.1% per executed order (whichever is lower, minimum ₹5) | ₹0 (Free) |
| Equity Intraday | ₹20 or 0.1% per executed order (whichever is lower, minimum ₹5) | ₹20 or 0.03% (lower) |
| Equity Futures | ₹20 per executed order | ₹20 or 0.03% (lower) |
| Equity Options | ₹20 per executed order | ₹20 / order |
| Currency F&O | ₹20 per executed order | ₹20 or 0.03% (lower) |
| Commodity F&O | ₹20 per executed order | ₹20 or 0.03% (lower) |
| Call & Trade | Not Available | +₹50/order |
Transaction charges (exchange turnover)
Exchange turnover and clearing charges passed through by Groww and Zerodha, per segment.
| Parameter | Groww | Zerodha |
|---|---|---|
| Equity Delivery | NSE: 0.00297% | BSE: 0.00375% | NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) |
| Equity Intraday | NSE: 0.00297% | BSE: 0.00375% | NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) |
| Equity Futures | NSE: 0.00173% | BSE: 0.00% | NSE Rs 190 per Cr (0.0019%) | BSE Rs 0 |
| Equity Options | NSE: 0.03503% (on premium) | BSE: 0.0325% (on premium) | NSE Rs 3503 per Cr (0.03503%) | BSE Rs 275 per Cr (on premium) |
| Currency Futures | NSE: 0.00012% | BSE: 0.00005% | NSE Rs 90 per Cr (0.0009%) | BSE Rs 45 per Cr |
| Currency Options | NSE: 0.0325% (on premium) | BSE: 0.001% (on premium) | — |
| Commodity Futures | MCX: 0.00210% | — |
| Commodity Options | MCX: 0.04180% (on premium) | — |
Demat & DP charges
Depository (demat) charges for Groww and Zerodha — AMC, debit transactions, pledging and remat.
| Parameter | Groww | Zerodha |
|---|---|---|
| Demat Account Opening | ₹0 (Free) | — |
| Transaction Charges (Sell) | Depository ₹3.50 (Male) / ₹3.25 (Female) + Groww ₹16.50 per debit transaction (₹0 for debit value below ₹100) | Rs 13.5 + GST per scrip (per day) |
| Transaction Charges Demat Account Opening ₹0 (Free) Transaction Charges (Sell) Depository ₹3.50 (Male) / ₹3.25 (Female) + Groww ₹16.50 per debit transaction (₹0 for debit value below ₹100) Annual Maintenance Charges (AMC) | ₹0 | — |
| Pledge / Unpledge | ₹20 per ISIN | — |
| Remat | ₹150 per certificate + courier charges | Rs 150 + GST per certificate + CDSL charges |
| Failed Demat Transaction | ₹50 per ISIN | — |
| Demat Account Opening Charges | — | Rs 0 (Free) |
| Annual Maintenance Charges (AMC) | — | Rs 300 + GST per year (Rs 75 + GST per quarter) |
| Pledge Creation / Invocation | — | Rs 30 + GST per request |
| Failed Transactions | — | Nil |
Margin & leverage (MTF)
Intraday and delivery margin / leverage offered by Groww and Zerodha.
| Parameter | Groww | Zerodha |
|---|---|---|
| Equity Delivery | 100% of trade value (1x) | 100% of trade value (1x) |
| Equity Intraday | As per SEBI peak margin rules (Up to 5x*) | Up to 20% of trade value (Up to 5x) |
| F&O (Equity/Currency/Commodity) | SPAN + Exposure Margin (1x) | 100% NRML (Span + Exposure) (1x) |
Features & account
Account type and feature availability across Groww and Zerodha.
| Parameter | Groww | Zerodha |
|---|---|---|
| 3-in-1 account | ✕ No | ✕ No |
| Automated / API trading | ✓ Yes | ✓ Yes |
| Margin Trading (MTF) | ✓ Yes better | ✕ No |
| Trading in SME shares | ✓ Yes | ✓ Yes |
| Trading platforms | Groww Web, Groww Mobile App, Groww API | Kite, Console, Coin, Kite Connect |
| Intraday square-off | 3:20 PM | 3:20 PM |
| Other | Stock SIP, Option Chain, Price Alerts, Advanced Charts, Watchlists, Portfolio Tracking, Margin Trading Facility (MTF), IPO Investment, Direct Mutual Funds. | GTT orders, Coin (free direct mutual funds), Varsity education. No MTF, Bracket or Cover orders. |
Trading platforms & apps
Trading terminals, web platforms and mobile apps offered by Groww and Zerodha.
| Parameter | Groww | Zerodha |
|---|---|---|
| Trading platforms offered | Groww Web, Groww App | Kite, Console, Coin |
| Number of platforms | 2 | 3 more choice |
| Platforms (summary) | Groww Web, Groww Mobile App, Groww API | Kite, Console, Coin, Kite Connect |
| Mobile / desktop apps | Web, Mobile | Web + Mobile, Web, Mobile |
User ratings
User ratings for Groww and Zerodha across the key parameters.
| Rated on | Groww | Zerodha |
|---|---|---|
| Fees | 4.7 better | 4.5 |
| Brokerage | 4.6 | 4.6 |
| Trading platform | 4.8 better | 4.6 |
| Customer service | 4.3 better | 3.8 |
| Research | 4.1 better | 3.6 |
| Overall | 4.6 better | 4.5 |
Investment options
Which investment products Groww and Zerodha let you access.
| Parameter | Groww | Zerodha |
|---|---|---|
| Stocks / Equity | ✓ Yes | ✓ Yes |
| Commodity | ✓ Yes | ✓ Yes |
| IPO | ✓ Yes | ✓ Yes |
| Mutual Funds | ✓ Yes | ✓ Yes |
| Bonds / NCD | ✓ Yes | ✓ Yes |
Order types offered
Advanced order types supported by Groww and Zerodha.
| Parameter | Groww | Zerodha |
|---|---|---|
| Bracket Order | ✕ No | ✕ No |
| Cover Order | ✕ No | ✕ No |
| BTST | ✓ Yes | ✓ Yes |
| After Market (AMO) | ✓ Yes | ✓ Yes |
| GTC / GTT | ✓ Yes | ✓ Yes |
Safety & credibility
SEBI registration, financial strength and complaint record for Groww and Zerodha.
| Parameter | Groww | Zerodha |
|---|---|---|
| SEBI registration | INZ000301838 | INZ000031633 |
| NSE member code | 90187 | 13179 |
| Year of incorporation | 2016 | 2010 longer track record |
| Net worth | Not Publicly Disclosed | ₹13,000+ Cr |
| Exchange memberships | NSE · BSE · MCX | NSE · BSE · MCX |
| Latest complaint ratio | 0.009% fewer complaints | 0.030% |
Complaints record
Exchange complaint data for Groww and Zerodha — the ratio matters more than the raw count.
| Parameter | Groww | Zerodha |
|---|---|---|
| Latest financial year | 2023–24 | 2025-26 |
| Exchange | NSE | NSE |
| Active clients | 95,38,609 larger base | 80,12,000 |
| Complaints filed | 834 | 2,400 |
| Complaint ratio | 0.009% fewer complaints | 0.030% |
Pros & cons
The main advantages and drawbacks of each broker.
Groww
▲ Pros
- ✓ Simple and beginner-friendly trading platform.
- ✓ Fully digital and paperless account opening process.
- ✓ Supports investment in stocks, mutual funds, ETFs, IPOs and F&O.
- ✓ Available on both web and mobile platforms.
- ✓ Transparent brokerage structure.
- ✓ Easy portfolio tracking and fund management.
- ✓ Supports multiple exchanges including NSE, BSE and MCX.
- ✓ Secure online investment platform with modern trading tools.
▼ Cons
- ✕ Limited physical branch network.
- ✕ Research and advisory services are comparatively limited.
- ✕ Call & Trade facility is not available.
- ✕ Advanced trading features may be fewer than some full-service brokers.
- ✕ Customer support response time may vary during peak market hours.
- ✕ Margin funding and premium research offerings are limited compared to some competitors.
Zerodha
▲ Pros
- ✓ Free (₹0) equity delivery investing.
- ✓ Clean, fast and reliable Kite web & mobile platform.
- ✓ GTT (Good Till Triggered) orders and Coin for free direct mutual funds.
- ✓ Strong educational content through Varsity.
- ✓ India's largest retail broker — bootstrapped, profitable and debt-free.
- ✓ Transparent flat pricing with no hidden charges.
▼ Cons
- ✕ No MTF / margin funding (pay-later) facility.
- ✕ No 3-in-1 account and no Bracket or Cover orders.
- ✕ No in-house stock research, tips or relationship manager.
- ✕ Support is largely ticket-based; no branch network.
- ✕ ₹200 account opening charge and ₹50 Call & Trade fee.
- ✕ Occasional load on the platform during high-volatility sessions.
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Disclaimer: Investments in the securities market are subject to market risks; read all related documents carefully before investing. This page is for information only and is not investment advice. Brokerage, AMC and other charges change frequently — always verify against the broker's official website before opening an account. Affiliate disclosure: "Open account" links are affiliate links and we may earn a commission at no extra cost to you; this does not influence our ratings.