Groww vs Zerodha 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 Zerodha
Zerodha, a Bangalore based company, a pioneer in stock broking, is the biggest and one of the best and most popular stock brokers in India. The one of its kind, discount broking model was introduced by this leading broker few years back. And, now there's no looking back! It's online flat fee discount brokerage model has set an example to be followed by various other trading platforms across India. Ranked amongst the Top Discount Brokers in India, Zerodha holds a very strong position in terms of trading volumes and a massive and growing customer base. 
Zerodha: Overview
Incorporated in the year 2010 by Nitin Kamath, an engineer turned stock broker cum budding entrepreneur who nurtured the company with his ideas and innovation, Zerodha gained huge popularity within a short span. It has turned to be the leading stock broker in India, may it be
Groww vs Zerodha Account Opening Charges: 2024
| Charge | Groww | Zerodha |
|---|---|---|
| Demat Account Opening Charges | ₹0 | ₹0 (Free) |
| Trading Acc Opening Charges | ₹200 | ₹200 (Equity) + Rs.100 (Commodity) |
| Trading Account AMC | ₹0 | ₹0 (Free) |
| Demat Account AMC | ₹300 p.a. (wherein ₹25 charged quarterly) | ₹300 per year |
Groww vs Zerodha Brokerage Charges and Plans : 2024
| Charge | Groww | Zerodha |
|---|---|---|
| Plan Name | Standard Plan | Flat Brokerage Plan |
| Equity Delivery | ₹0 | ₹0 (Free) |
| Equity Intraday | ₹20 or 0.01% of executed order value | Flat ₹20 or 0.03% (whichever is lower) per executed order |
| Equity Futures | N/A | Flat ₹20 or 0.03% (whichever is lower) per executed order |
| Equity Options | N/A | Flat ₹20 or 0.03% (whichever is lower) per executed order (on Turnover) |
| Currency Futures | N/A | Flat ₹20 or 0.03% (whichever is lower) per executed order |
| Currency Options | N/A | Flat ₹20 or 0.03% (whichever is lower) per executed order |
| Commodity Options | N/A | Flat ₹20 or 0.03% (whichever is lower) per executed order |
| Mutual Fund | N/A | ₹0 (Free Unlimited Direct MF) |
Groww vs Zerodha Margin / Exposure: 2024
| Segment | Groww | Zerodha |
|---|---|---|
| Equity Delivery | N/A | 1x (no margin) |
| Equity Intraday | N/A | Up to 20x (based on the stock) |
| Equity Future | N/A | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
| Equity Options | N/A | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
| Currency Future | N/A | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
| Currency Options | N/A | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Total margin (Span+ Exposure) |
| Commodity Future | N/A | Intraday - 40%(2.5x), Carry forward - 100%(1x) of Span |
| Commodity Options | N/A | N/A |