Is Groww and Zerodha Same? Let Us See if They Differ From Each Other!

Is Groww and Zerodha Same: Groww and Zerodha are both online discount brokers that provide customers with low-cost brokerage services.

Groww began as a direct mutual fund platform, but it is currently expanding its services to include stocks, gold, US stocks, and fixed deposits. Groww offers no-cost account creation and no-cost account maintenance.

Zerodha is India’s No. 1 brokerage, with services for investing in equity, currency, commodities, initial public offerings (IPOs), and direct mutual funds. Zerodha allows you to trade equity delivery without having to pay a brokerage fee.

Let us know briefly about the two online discount brokers:

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 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.

Now let us see the different aspects where Zerodha and Groww are different.

Now let us know the strengths of both the online stock brokers

Pros of Zerodha:

• It is India’s No. 1 broker in terms of active clients and exchange volume.
• India has the safest, most reliable, and technologically advanced broker in the world.
• Simple flat fee brokerage services are accessible across sectors and exchanges (BSE, NSE, MCX).
• There are no fees for equity delivery trades. There are no brokerage costs for Cash-N-Carry orders.
• There is a flat cost of Rs 20 per trade for all other categories.
• Kite is a free trading platform with a lot of functionality.
• Direct mutual fund investments are possible.
• GTT (Good Until Triggered) is now available for purchase. This is a type of order that is similar to GTC orders.
• Non-resident Indians can open a trading account.

Pros of Groww:

• A simple pricing system and cheap trading fees.
• When you invest in a mutual fund, there are no hidden costs.
• There is no cost to register for an account.
• There are no ongoing costs.
• A direct MF platform that allows you to earn an additional 1.5 percent return.
• E-books, resources, and blogs that give stock market essentials and updates to assist investors in making informed decisions.
• Account opening is instantaneous and without the use of paper.
• Online application for an initial public offering.
• Option to invest in digital gold and US stocks online using an in-house brokerage calculator. Other products (derivatives, foreign exchange) are in the works.