Which is better Zerodha or Groww for Mutual Funds?

Short Answer

Zerodha as well as Groww, both allow investors to invest in Mutual funds. Groww does not charge any Account opening fees or Annual maintenance Charges but Zerodha charges Rs 200 for Account opening and Rs 300 for AMC. This makes Groww a cheaper and better option when it comes to investing in mutual funds.

Detailed Answer

What are Mutual Funds?

In simple words, a Mutual Fund is a Fund that is formed by small contributions of retail individuals. It is managed by a professional fund manager who buys and sells securities based on the objective of the Fund. Mutual Funds are issued by individual AMC (Asset Management companies) who appoint a Stockbroker or any Financial platform to act as a middleman and to ultimately sell their product to the common Investor.

There are many Stockbrokers who allow their users to invest in Mutual Funds, here we are going to discuss 2 players, who are-

  1. Zerodha
  1. Groww


Zerodha is India’s First Discount Broker and has become the largest Stock Broker in the country. It was started in 2010 and currently, has almost 4 Million active clients which account for more than 19.5% of the total active client base of the NSE (National Stock Exchange).


Groww is new to the Stockbroking community as it started business in 2016 where it was just a Mutual Fund investment platform but slowly it tapped into the Stocks section in 2020. Groww is one of the fastest-growing Stock Brokers in India. It has acquired more than 6.5 Lakh active clients till date which sums up to approximately 3.68% of the total market share in the NSE.

Zerodha vs. Groww - Comparison


Grow charges Nothing for account opening or any AMC (Annual Maintenance Charge). This is one of the main USPs of Groww which makes it very favorable for Mutual Fund and Stock Investors, as one can open a Demat & Trading account as well as a Mutual Fund investing account for free with Groww.

On the other hand, Zerodha charges 200 for Account opening. This charge includes the Trading & Demat account as well as the access to invest in Mutual Funds. Apart from this Zerodha also charges Rs 300 as an Annual Maintenance Charge that has to be paid every year.

Apart from this, both brokers do not charge any extra fees or commissions to buy or to Sell any Mutual Funds.

Hence by this, it seems that Groww is a better option as it is free to open an Account to invest in Mutual Funds.


In Groww all the features such as Stocks & Mutual Fund investments are integrated into one app, whereas Zerodha has a separate app known as Coin for Mutual Fund Investing. This gives a new experience to track your investments in Stocks and Mutual Funds separately. Apart from Mutual Funds, Zerodha gives offers more features for the price such as investment opportunities in Bonds, Commodities & Derivatives which Groww lacks.

This in turn gives Zerodha a slight edge over Groww in terms of features.


Both Groww, as well as Zerodha, include the Demat account in the account opening process. One cannot simply open a Mutual Fund investment account with any of them. Groww charges “0” for Account opening and “0” for AMC whereas Zerodha charges 200 for account opening and 300 every year for AMC. Looking at these it is clear that Groww is a better option for Mutual Funds as there are no extra charges involved as compared to Zerodha.

Tagged With: zerodha vs growwmutual fundsgroww vs zerodhainvestment
Ask your query and our expert community would be happy to help
Discussion (0)
Related FAQs

Which is better FD vs. Mutual Fund vs. Real Estate Investment?

FD vs Mutual Fund vs Real Estate Investment has its advantages in terms of how much you invest and your investing period. Longer the period, higher the returns.

Is Groww the perfect platform to invest in mutual funds?

Groww is one of the best mutual fund applications that offers various direct mutual fund investment options. Moreover, it does so without charging anything. It offers a magnitude of offerings and features ranging from the brief description of the mutual funds to the various brokerage and other calculators for investors' references.

Is Groww App Safe for Mutual fund and Stock Investing?

Yes, Groww app is completely safe for mutual fund, stock investing and trading. As a popular mutual fund investment plaftorm, Groww established itself quite well in the past few years. Now, it has also enetered the stock broking space so it's really good to see new entrants amid existing top discount brokers in India.

Which is better investing in equity, mutual funds, or keeping money in banks?

Equity and mutual funds are perfect if you want to invest in companies while seeing your money grow in a short period. Moreover, the chances of compounding your investments are higher. But the risk associated is equally greater considering the growth of companies and their performance in offering returns. But then keeping money in the bank is the safest way to keep your earnings. But then, due to inflation and low returns on interest, that value of the money kept might be cut down drastically.

Which is better Zerodha or Groww for stocks?

Zerodha and Groww are both good players in the Discount Broking space but both have some differences. Zerodha has the largest client base and is the most trusted Broker in India whereas Groww is one of the fastest-growing Discount brokers. Both offer different features to their clients which is discussed in detail below.

What is difference - Mutual Funds vs Index funds?

The differences between index funds and mutual funds are vast. Learn what is mutual fund and index fund and know what differentiates the two investment options.

What is difference between Fixed Deposit vs Mutual Fund? Meaning

Fixed Deposit (FD) are saving tools offered by banks to deposit lump sum amount for a fixed period of time on a higher interest rate than saving accounts. Mutual funds are investment products which pool money from numerous small investors to create a fund.

How to invest in mutual funds with or without demat account?

Investors looking to invest in mutual funds without a Demat account can invest through financial institutions, independent financial advisors, AMC, and online portals.

Can NRIs invest in mutual funds in India?

Yes, any NRI can invest in mutual funds in India, if they follow some certain conditions under Foreign Exchange Management Act or FEMA Act 1999.

Are market highs good to invest in Equity mutual funds?

Understanding the relative position of the market, the absolute values do not matter much. What matters is what is the earnings multiple, currently the market is trading at, popularly captured by a metric called P/E ( Price to earnings).