FAQs
Groww surpasses Zerodha, becomes number one broker in terms of active clients? ›
Groww overtook Zerodha in the number of active traders in September, with 6.6 million such customers against the rival's 6.4 million. In the three months since, Groww has grown its active trader base by a million, while for Zerodha, the expansion was by 300,000 users.
How did Groww overtake Zerodha? ›Groww overtook Zerodha in the number of active traders in September, with 6.6 million such customers against the rival's 6.4 million. In the three months since, Groww has grown its active trader base by a million, while for Zerodha, the expansion was by 300,000 users.
How many active clients does Zerodha have? ›In fiscal year 2022, the Indian financial services company Zerodha, had over six million active customers. This was a significant increase compared to the previous fiscal year. Zerodha was established in 2010 and offered a host of services including currencies and commodities trading, mutual funds and bonds.
Which one is best, Groww or Zerodha? ›While Zerodha may be more suitable for active traders seeking advanced features and lower brokerage charges for intraday and F&O trading, Groww could be the preferred option for beginners and investors focused on long-term wealth creation through mutual funds and equity delivery trading.
Why do traders prefer Zerodha? ›I've tested numerous brokers, and I can confidently say that with Zerodha, the brokerage you pay is justified by the stable platform they offer. While other top brokers may provide more features, they often lack optimization.
Do billionaires use brokers? ›A prime brokerage
A billionaire may use some or all of these services, but for buying stocks, they may use a prime brokerage specifically to borrow securities for short selling (making money from stocks when they go down) or borrowing large amounts of money to buy stocks on margin.
While there are many brokerage houses in the U.S., the largest are Charles Schwab, Fidelity, JP Morgan, and Vanguard. These are huge asset managers with millions of customers investing trillions of dollars. Charles Schwab.
Which broker is better than Zerodha? ›Upstox is better than Zerodha only in terms of account opening fees and annual maintenance fees. A beginner investor can open a free account with no annual maintenance fees. Zerodha, on the other hand, appeals to active investors and traders with its free equity delivery and lower brokerage charges.
Who is the competitor of Zerodha? ›Top 7 Competitors & Alternatives to zerodha.com
The closest competitor to zerodha.com are tradingqna.com, adigitalblogger.com and angelone.in. To understand more about zerodha.com and its competitors, sign up for a free account to explore Semrush's Traffic Analytics and Market Explorer tools.
Nithin Kamath
Nithin bootstrapped and founded Zerodha in 2010 to overcome the hurdles he faced during his decade long stint as a trader. Today, Zerodha has changed the landscape of the Indian broking industry.
Is Zerodha making profit? ›
Nithin and Nikhil Kamath-led stock broking platform Zerodha's net profit rose 37% to INR 2,908.9 Cr in the financial year 2022-23 (FY23) from INR 2,120.3 Cr in the previous fiscal year as the business continued seeing strong growth.
What if Groww shuts down? ›For Mutual Funds
Your mutual fund investments reside at asset management companies (AMCs). Therefore, if, theoretically, Groww shuts down, your mutual funds are safe at the AMC.
Yes, Zerodha is a legitimate stock brokerage firm in India. It is registered with SEBI, CDSL and all major stock exchanges in India. As with other popular brokers, Zerodha works under the regulations laid by SEBI and RBI.
Can I switch from Groww to Zerodha? ›Yes, you can transfer your existing shares in another broker's demat to your Zerodha demat account.
How did Groww become so big? ›On the contrary, Groww started as a platform that focussed on attracting new customers. Their main highlights have been long-term investment products like mutual funds, systematic investment plans (SIPs), etc. The company later moved on to direct equity investment on its broking platform.
What happened to Groww US stocks? ›Stock broking platform Groww has stopped offering services for US stocks due to a tax collected at source. Around 2,000 users who joined in 2023 were still using Groww for these investments. They now have the option to migrate to other platforms or withdraw their investments.
Which platform is better than Zerodha? ›Upstox is better than Zerodha only in terms of account opening fees and annual maintenance fees. A beginner investor can open a free account with no annual maintenance fees. Zerodha, on the other hand, appeals to active investors and traders with its free equity delivery and lower brokerage charges.
How did Zerodha disrupt the market? ›Zerodha's most significant disruption came in the form of its commission-free trading model. While traditional brokers charged a percentage-based commission on each trade, Zerodha opted for a flat fee structure.