Groww vs Upstox Comparison: 2024

About Groww

Groww is a leading mutual fund investment platform now widening its wings into the stock investing world as well. So, here we'll have an exclusive Groww Review covering its features, types of Demat account, brokerage plans and much more.

Brokerage firms offer various plans and services to make life in trading as seamless as possible. But for those who are willing to avail these have to open a Demat and trading account. For the same, choosing the appropriate stock broker is very essential. Groww is one of the many stock brokerage firms that offer stock trading opportunities. Let’s have a brief overview of the company and the trading and Demat account it provides.

Groww: A Quick Review

Groww initially started as a mutual fund investment platform and was launched in 2016 by Lalit Keshre, Harsh Jain, Neeraj Singh and Ishan Bansal. The company offers trading or investment opportunities in mutual funds and

About Upstox

Upstox, another name to be included in the list of fastest growing discount brokers in India. We wonder, how much longer the list of stock brokers in India will eventually get. Every other day you hear a lot of new entrants, or existing players modifying their strategies to survive and succeed in the stock broking world.

Uptstox, formerly known as RKSV Securites, is one of the biggest discount brokers in India, funded by the likes of  Ratan Tata, Kalaari Capital and GVK Davix, making the firm a dependable and safe broker for all of your investment and trading needs. Based out of Mumbai, Upstox is a wide-range broker. This stock broking platform offers a huge range of trading products and services.

Using Upstox has huge advantages, especially for traders, given its plans and cheap brokerage despite volume. Also, Upstox also offers one of the quickest trading terminals, which, any trader could tell

Groww vs Upstox Account Opening Charges: 2024

ChargeGrowwUpstox
Demat Account Opening Charges₹0₹0
Trading Acc Opening Charges₹200 ₹249
Trading Account AMC₹0₹0
Demat Account AMC₹300 p.a. (wherein ₹25 charged quarterly)₹300 per year (paid monthly)

Groww vs Upstox Brokerage Charges and Plans : 2024

ChargeGrowwUpstox
Plan NameStandard PlanBasic
Equity Delivery₹0₹0 (FREE)
Equity Intraday₹20 or 0.01% of executed order value₹20 per trade or 0.05% (whichever is lower)
Equity FuturesN/A₹20 per trade or 0.05% (whichever is lower)
Equity OptionsN/A₹20 per trade or 0.05% (whichever is lower)
Currency FuturesN/A₹20 per trade or 0.05% (whichever is lower)
Currency OptionsN/A₹20 per trade or 0.05% (whichever is lower)
Commodity OptionsN/A₹20 per trade or 0.05% (whichever is lower)
Mutual FundN/AN/A

Groww vs Upstox Margin / Exposure: 2024

SegmentGrowwUpstox
Equity DeliveryN/A1x (no margin)
Equity IntradayN/ABasic: 15x | Priority: 20x | Basic CO: 20x | Priority CO: 27x
Equity FutureN/ABasic: 3x | Priority: 3x | Basic CO: 5x | Priority CO: 6x
Equity OptionsN/ABasic: 3x | Priority: 3x | Basic CO: 3x | Priority CO: 3x
Currency FutureN/ABasic:4x | Priority:4x | Basic CO:4x | Priority CO:5x
Currency OptionsN/ABasic: 4x | Priority: 4x | Basic CO: 4x | Priority CO: 5x
Commodity FutureN/ABasic: 2.5x | Priority: 3x | Basic CO: 3x | Priority CO: 4x
Commodity OptionsN/AN/A
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