Zerodha Vs Groww

In December 2023 the Indian stock market witnessed a huge surge in investments with a substantial 4.2 million new demat accounts opened. (Source: Business Today). Experts suggest that this increasing interest in equities is because of increased financial literacy, the ongoing digitization trend, the availability of user-friendly trading platforms, and the influence of the FOMO (Fear of missing out) factor.

If you also don’t want to miss out on the attractive investing opportunities in the positive investment growth scenario of the Indian market, then you must start trading soon. However, this is not a decision to take in a hurry. To start trading in the stock market you need to research and gather knowledge about the market. Then you need to open a demat account with a reputable broker in India. There are several options available in the market but to ensure a seamless trading experience you should choose the best one.

But how to decide the best one?

You need to research the reputed stockbrokers in India and compare stockbrokers in terms of their features, pricing, investment options, and brokerage charges. To make this process a little bit easier for you, we have compared two most prominent and notable stockbrokers in India- Zerodha and Groww. We have provided a thorough broker comparison of these two platforms based on their features, account opening charges, brokerage charges, pros, cons, and trading platforms. This will give you an in-depth idea about the offerings of Zerodha and Groww. Let’s start with a brief overview of these two platforms.

Overview

Zerodha

Zerodha is one of the prominent brokers in India. It is a customer-centric online trading platform that offers low-cost and transparent services to invest in stocks, derivatives, mutual funds, and more. It is the largest stock broker in India with over 1.3 crore clients and 15% of the retail order volume. The platform also provides free and open market education through its initiatives like Varsity and TradingQ&A. Zerodha’s flagship trading platform is Kite, a fast and elegant HTML5 app that supports multiple languages and advanced features.

Groww

Groww is a fast-growing investment and trading platform that offers online demat, trading, and direct mutual fund investment in India. Groww The platform also enables users to access global markets and offers an option to invest in SIP or lumpsum mode. It simplifies finance for its users by providing news, insights, and videos in their preferred language. Groww’s mission is to empower a growing India with smart and hassle-free investing.

Zerodha Vs Groww Features

Zerodha

• Diverse trading options including trading in stocks, commodities, and currencies.
• Investment in Ddirect mutual funds without commission charges.
• Multiple intuitive trading platforms such as Kite, Console, and Coin.
• Offers trading tools such as TradingView and ChartIQ.
• Zero brokerage fees for equity delivery and mutual funds.
• A flat fee of Rs 20/trade regardless of trade value.
• Margin up to 20X for intraday in equity and F&O segments.
• Offers a call and trade featurefeature.
• Advanced orders feature such as GTT (Good till triggered).

Groww

• Easy investment approach through a user-centric approach.
• Trading on mobile apps and browsers is available.
• Zero commission and zero brokerage charges on mutual fund investment through Groww.
• Flat brokerage fee of Rs 20/order for delivery, intraday, and F&O trades.
• Free account opening process with no annual maintenance charges.
• Option to invest in US stocks, gold, IPOs, SGB, and ETF.
• The platform also provides easy access to portfolio management and back-office.
• Offers margin up to 5x (Up to 20% of trade value) and also offers Groww margin calculator.
• Single-click order placement.
• Option to invest in SIP.

Zerodha Vs Groww account opening charges

Zerodha

Groww

Zerodha brokerage charges

Groww brokerage charges

Zerodha Vs Groww pros and cons

Zerodha

Pros:

• Zero brokerage for equity delivery and direct mutual funds
• A flat fee of 20/trade for intraday and F&O trades across all segments
• Advanced trading tools for enhanced trading experience
• Multiple trading platforms and integrations
• A diverse range of investment products and access to IPOs

Cons:

• No investment advice or analysis
• Do not provide unlimited monthly plans
• No free forever annual maintenance charge(AMC)
• Additional charges for unfulfilled orders

Groww

Pros:

• Zero commission on mutual funds
• Offers seamless account opening process
• Also offers trading in US ETFs, US equities, US FDs, and digital gold
• User-friendly trading platforms

Cons:

• No option to trade in commodities and currencies.
• Do not provide analysis, advice, or recommendations.
• Traders cannot access GTT order features and other advanced orders like brackets, cover orders, and AMO orders.

Zerodha Vs Groww trading platforms.

Zerodha

1. Kite web:

A browser-based platform that uses HTML 5 technology. It is user-friendly and fast to use for trading in stock futures, options, commodities, and forex.

2. Kite app:

A mobile trading app offering a smart and user-friendly interface. It also offers advanced charting features with ChartIQ and TradingView.

3. Zerodha coin web and app:

These are free platforms for mutual fund investments on both mobile and mobile. Through these platforms, you can invest in direct mutual fund schemes without any fees.

4. Zerodha console back office:

Zerodha’s Console back office provides a comprehensive reporting dashboard that enables users to access a variety of reports, including Profit and Loss (P&L), portfolio, trading, fund transfer, and tax reports. Additionally, it facilitates cost-free online IPO applications through UPI, accessible using Kite credentials.

Groww

1. Groww Android and iOS mobile app:

The broker launched the Groww app in 2016 which provides an easy-to-use interface even for beginners. It offers features such as one-tap order placement, customized watchlists, 10+ technical charts, and 10 years of price history and real-time market data.

2. Groww web trading platform

Groww also offers a complimentary web-based trading platform accessible through browsers for both traders and investors. You can log in to your Grow account on the website and start trading and investing in various segments such as equity, derivatives, mutual funds, digital gold, US stocks, and IPOs.

Zerodha Vs Groww comparison

Conclusion

To sum up, Zerodha and Groww cater to the diverse needs of traders and investors in the Indian stock market. Groww excels in providing an accessible entry point for beginners, emphasizing education and ease of use. On the other hand, Zerodha caters to seasoned traders with advanced tools such as multiple trading platforms and a diverse range of investment options. It is important to recognize your needs and preferences along with your skill level when you are selecting a platform. With the above comparison, you can compare Zerosha and Groww and decide which platform meets your requirements best.

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