Zerodha
Zerodha is India’s most popular stock broker. With services in equity, currency, commodities, initial public offerings, and direct mutual funds, it is the world’s largest and most popular online discount brokerage firm.
It charges a flat fee of Rs. 20 for all intraday, Futures & Options, currency, and commodity trades on the NSE, BSE, and MCX, regardless of trading volume. You must pay a set low brokerage of Rs 20 for each trade, regardless of whether you trade for Rs 1 lakh or Rs 1 crore. As a result, if you use Zerodha as your broker, you can save a lot of money on your trades.
If you’re interested to open your DEMAT Account with Zerodha, here is the Direct Account opening link
Groww
Groww is a Bangalore-based discount brokerage firm that offers online flat-fee discount brokerage services for stocks, IPOs, and direct mutual funds. Groww is the trading name for Nextbillion Technology Private Limited, a SEBI-registered stockbroker and NSE and BSE member.
Groww started up as a direct mutual fund investment platform in 2016. In the mid-2020s, Groww expanded their product offering to include stock trading. Digital gold, US stocks, and fixed deposits are among the other investment options available to consumers.
Let us see the differences between Zerodha and Groww:
| Zerodha | Groww | |
| Type of Broker | Discount Broker | Discount Broker |
| Exchange Membership | NSE, BSE, MCX and NCDEX | NSE and BSE |
| Year of Incorporation | 2010 | 2016 |
| Number of Branches | 22 | 0 |
1. Zerodha Vs Groww Charges & AMC
| Zerodha | Groww | |
| Trading Account Opening Charges | Rs 200 | Rs 0 |
| Trading Account AMC Charges | Rs 0 (Free) | Rs 0 |
| Demat Account Opening Charges | Rs 0 | Rs 0 |
| Demat Account AMC Charges | Rs 300 | Rs 0 |
2. Zerodha Vs Groww Brokerage Charges and Plans
| Zerodha | Groww | |
| Account Type | Flat Brokerage Plan | Standard Plan |
| Fixed Charges | NA | |
| Equity Delivery | Rs 0 (Free) | 0.05 percent or Rs 20 per executed order, whichever is lower |
| Equity Intraday | .03 percent or Rs 20 per executed order, whichever is lower | 0.05 percent or Rs 20 per executed order, whichever is lower |
| Equity Futures | .03 percent or Rs 20 per executed order, whichever is lower | NA |
| Equity Options | Rs. 20 for each completed order | NA |
| Currency Futures | .03 percent or Rs 20 per executed order, whichever is lower | NA |
| Currency Options | .03 percent or Rs 20 per executed order, whichever is lower | NA |
| Commodity Futures | .03 percent or Rs 20 per executed order, whichever is lower | NA |
| Commodity Options | .03 percent or Rs 20 per executed order, whichever is lower | NA |
3. Zerodha Charges Vs Groww
| Minimum Brokerage | 0.03% in Intraday and F&O | 0.05 percent or Rs 20 per executed order, whichever is lower |
| Other Charges | Physical contact notes: Rs 20, Trade SMS Alerts: Rs 1/ SMS | Physical Contract Note: Rs 20 + Courier Charges; Auto square off charges : Rs 50 |
| Call & Trade Charges | Rs. 50 for each completed order | NA |
4. Zerodha Vs Groww Transaction Charges
| Zerodha | Groww | |
| Equity Delivery | Each side: NSE Rs 345 per Cr (0.00345%); BSE Rs 300 per Cr (0.003%) | Each side: NSE Rs 325 per Cr (0.00325%); BSE Rs 300 per Cr (0.003%) |
| Equity Intraday | Each side: NSE Rs 345 per Cr (0.00345%); BSE Rs 300 per Cr (0.003%) | Each side: NSE Rs 325 per Cr (0.00325%); BSE Rs 300 per Cr (0.003%) |
| Equity Futures | NSE Rs 200 per Cr (0.002%) | NA |
| Equity Options | on premium: NSE Rs 5300 per Cr (0.053%) | NA |
| Currency Futures | NSE Rs 90 per Cr (0.0009%); BSE Rs 22 per Cr (0.00022%) | NA |
| Currency Options | On premium:NSE Rs 3500 per Cr (0.035%) ; BSE Rs 100 per Cr (0.001%) | NA |
| Commodity | Group A – Rs 260 per Cr (0.0026%) | NA |
5. Zerodha Vs Groww Leverage (Margin)
| Zerodha | Groww | |
| Equity Delivery | 1x (no margin) | 1x (no margin) |
| Equity Intraday | Up to 6x (based on the stock) | Up to 6x (based on the stock) |
| Equity F&O | Intraday – 1.3x, Carry forward – 1x of NRML margin (Span + Exposure) | Intraday – 1.3x, Carry forward – 1x of NRML margin (Span + Exposure) |
| Currency Futures | Carry forward – 1x of NRML margin (Span + Exposure)Intraday – 1.3x | Carry forward – 1x of NRML margin (Span + Exposure)Intraday – 1.3x |
| Commodity Futures | Carry forward – 1x of NRML margin (Span + Exposure),Intraday – 1.3x | Carry forward – 1x of NRML margin (Span + Exposure),Intraday – 1.3x |
