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The brokerage of Zerodha ranges between Rs 20, the brokerage of Upstox ranges between Rs 20, while the brokerage of Groww ranges between Rs 20. All 3 brokers are discount brokers. Overall rating for Zerodha is 4.5, Upstox is rated 4.5, Groww is rated 4 out of 5.
Here we present side-by-side comparison of Zerodha vs Upstox vs Groww stock brokers in India. The comparison is based on more than 100+ attributes for each stock broker. To be precise, we have compared Zerodha vs Upstox vs Groww on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options services. This will help you in make up your mind and clear things for you so that you can choose the best broker to open your trading and demat account. You can get answer for general question like which is better Zerodha vs Upstox vs Groww in this setion with 360 degree view of broker information.
Compare Zerodha vs Upstox vs Groww onService
Zerodha | Upstox | Groww | |
|---|---|---|---|
| Overall Rating | |||
| Brokerage Charges | |||
| Trading Platform | |||
| Investments Offering | |||
| Customer Service | |||
| Broker Type | Discount Broker | Discount Broker | Discount Broker |
| Exchanges Supported | NSE, BSE, MCX | NSE, BSE, MCX | NSE, BSE |
| Broker Overview | Zerodha is India's leading discount broker offering free equity and mutual fund investment, Rs 20 flat brokerage trading, and a user-friendly Kite trading platform. | Rs 20 flat brokerage fee, brokerage-free investment in mutual funds and state-of-the-art technology platforms (Upstox Pro and Upstox) with a host of features for traders and investors alike make Upstox one of the best discount brokers in India. | Groww is the top broker for beginners to invest in direct mutual funds for Free and trade in stocks at a Rs 20 flat fee! Also, its easy-to-use, crystal clear user interface, and safe & secure Groww app and web-based platform makes investing hassl... |
| Broker Enquiry |  | | |
Account Opening Charges and AMC
Compare Zerodha vs Upstox vs Groww onTrading & Demat Account Opening Charges
In this section we have compared Zerodha vs Upstox vs Growwon trading & demat account opening charges and AMC. Trading account opening charges - Zerodha charges Online Rs 200 (Eq+Curr), Rs 300 (Eq+Curr+Com) for account opening, Upstox charges Promotion offer: Free for account opeing, and Groww charges Free for account opeing. Demat AMC charges - Zerodha charges Rs 300 PA as AMC for Demat account, Upstox charges Free AMC for Demat account, where Groww charges Free AMC for Demat account.
| Charges | Zerodha | Upstox | Groww |
|---|---|---|---|
| Trading Account Opening Fees | Online Rs 200 (Eq+Curr), Rs 300 (Eq+Curr+Com) | Promotion offer: Free | Free |
| Trading AMC | Free | Free | Free |
| Demat Account Opening Fees | Free | Free | Free |
| Demat AMC | Rs 300 PA | Free | Free |
| Provide DP Service |  | | |
About Brokerage Plans
Compare Zerodha vs Upstox vs Groww on PlanOptions
Plans are the most important feature you look when compare Zerodha vs Upstoxvs Groww. This section copare on high level about type of plans offered by brokers.Miltiple Plans - All 3 brokers don't have Multiple Plans, brokers offer only single plan. Monthlay Plans -All 3 brokers don't have Monthy Plans.
| Plan Types | Zerodha | Upstox | Groww |
|---|---|---|---|
| Multiple Plans |  | | |
| Monthly Plans | | | |
| Yearly Plans | | | |
Account Opening Request
Account Opening
| Zerodha | Upstox | Zerodha | |
|---|---|---|---|
| Account Opening Request |
Brokerage Charges
Compare Zerodha vs Upstox vs GrowwonBrokerage Charges
Zerodha Brokerage Plan detail - Zerodha charges Rs 20 or .03%, whichever is lower, for equity Intraday, F&O, commodity and currency on NSE, BSE and MCX. No upfront brokerage or turnover commitments on your trade. Rs 20 is the maximum brokerage you need to pay per executable order. Zero brokerage on equity delivery trading.
Upstox Brokerage Plan detail - Discount brokerage plan - pay a maximum of Rs 20 per order.
Groww Brokerage Plan detail - Flat brokerage plan that charges Rs. 20 per order on trading in intraday segment whereas offers free delivery trading.
| Brokerage Charges Compare | Zerodha | Upstox | Groww |
|---|---|---|---|
| Plan Name | Max Rs 20 per order Trading Plan | Max Rs 20 Per Order Trading Plan | Flat Brokerage Plan |
| Equity Delivery | Free | 2.5% or Rs 20 whichever is lower | 0.05% or Rs 20 whichever is lower |
| Equity Intraday | 0.03% or Rs 20 whichever is lower | 0.05% or Rs 20 whichever is lower | 0.05% or Rs 20 whichever is lower |
| Equity Futures | 0.03% or Rs 20 whichever is lower | 0.05% or Rs 20 whichever is lower | Flat Fee Rs 20 |
| Equity Options | Flat Fee Rs 20 | Flat Fee Rs 20 | Flat Fee Rs 20 |
| Currency Futures | 0.03% or Rs 20 whichever is lower | 0.05% or Rs 20 whichever is lower | Not Available |
| Currency Options | Flat Fee Rs 20 | Flat Fee Rs 20 | Not Available |
| Commodity Trading | Flat Fee Rs 20 | Flat Fee Rs 20 | Not Available |
| Minimum Brokerage | NIL | ||
| Hidden Charges | No | Info Not Available | |
| Funding | Info Not Available | Info Not Available | NA |
| Call & Trade Charges | Rs 50 Per Executable Order | Rs 50 + 18% GST | Rs 50 Per Executable Order |
| Auto Square off Charges | Rs 50 Per Executable Order | Rs 50 + 18% GST | Rs 50 Per Executable Order |
| Brokerage Calculator | Brokerage Calculatorfor Zerodha | Brokerage Calculatorfor Upstox | Brokerage Calculatorfor Groww |
Share Broker's Transaction Charges
Compare Zerodha vs Upstox vs Groww onTransaction Charges
Compare Zerodha vs Upstox vs Groww on transaction chargesand PCM fee by segment.
| Transaction Charges Compare | Zerodha | Upstox | Groww |
|---|---|---|---|
| Equity Delivery | NSE:335 Per Cr | BSE:375 Per Cr | NSE:335 Per Cr | BSE:375 Per Cr | NSE:335 Per Cr | BSE:375 Per Cr |
| Equity Intraday | NSE:335 Per Cr | BSE:375 Per Cr | NSE:335 Per Cr | BSE:375 Per Cr | NSE:335 Per Cr | BSE:375 Per Cr |
| Equity Futures | NSE:200 Per Cr | BSE:FREE | NSE:200 Per Cr | BSE:FREE | NSE:200 Per Cr | BSE:FREE |
| Equity Options | NSE:5050 Per Cr | BSE:3700 Per Cr | NSE:5050 Per Cr | BSE:3700 Per Cr | NSE:5050 Per Cr | BSE:3700 Per Cr |
| Currency Futures | NSE:90 Per Cr | BSE:25 Per Cr | NSE:90 Per Cr | BSE:25 Per Cr | NSE:90 Per Cr | BSE:25 Per Cr |
| Currency Options | NSE:4000 Per Cr | BSE:100 Per Cr | NSE:4000 Per Cr | BSE:100 Per Cr | NSE:4000 Per Cr | BSE:100 Per Cr |
| Commodity | Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr | Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr | NA |
| Brokerage Charges | Complete Brokerage Plans forzerodha | Complete Brokerage Plans forupstox | Complete Brokerage Plans forgroww |
Account Features
Compare Zerodha vs Upstox vs Groww onAccount Features
Compare Zerodha vs Upstox vs Groww on Account Features like3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more.Account Type - Upstox offers 3-in-1 Account where Zerodha and Groww offers only 2-in-1 account which includes trading and demat account. Margin Funding - Upstox and Groww offers margin funding where Zerodha doesn't offers margin funding. NRI Trading - Zerodha offers NRI Trading where Upstox and Groww doesn't offers NRI Trading.
| Account Features Compare | Zerodha | Upstox | Groww |
|---|---|---|---|
| 3 in 1 Account | | | |
| Charting | | | |
| Algo Trading | | | |
| SMS Alerts | | | |
| Online Demo | | | |
| Online Portfolio | | | |
| Margin Trading Funding Available | | | |
| Combined Ledger for Equity and Commodity | | | |
| Intraday Square-off Time | 3:20 PM | 3:15PM | 3:10 PM |
| NRI Trading | | | |
| Other Features | NIL | NIL | NIL |
Trading Platform
Compare Zerodha vs Upstox vs GrowwonTrading Platform
With our expert research team, we have compared all the major features of Trading platform b/wZerodha vs Upstox vs Groww. This comparison covers DesktopTrading Platform, Web, Mobile for Windows, Android and iOS. We have provided link for mobile app todownload and demo links for easy access.
| Trading Platform Compare | Zerodha | Upstox | Groww |
|---|---|---|---|
| Desktop Trading Platform | NA | Upstox Pro | Groww App |
| Desktop Demo | Info Not Available | Info Not Available | Info Not Available |
| Desktop Platform (Windows) | | | |
| Desktop Platform (Mac) | | | |
| Web Trading Platform | | | |
| Web Trading Detail | Zerodha Kite Web | https://pro.upstox.com/ | Yes |
| Web Trading Demo | Web Trading Demo | Web Trading Demo | Info Not Available |
| Mobile Site | | | |
| Mobile Trading | | | |
| Mobile Trading App | Zerodha Kite App | Upstox | Groww App |
| Mobile Trading App Demo | Zerodha Kite App Demo | Upstox Demo | Info Not Available |
| Android Mobile App | | | |
| Android App Download | Andriod Zerodha Kite App Download | Andriod Upstox Download | Andriod Download |
| iPhone Mobile App (IOS) | | | |
| iOS App Download | iOS Zerodha Kite App Download | iOS Upstox Download | iOS Groww App Download |
| Android Tablet App | | | |
| iPad App (IOS) | | | |
| Trading Software Charges | Free | Free | Free |
| Equity Brokerage Calculator | Equity Intradayand Delivery Brokerage Calculator for Zerodha | Equity Intraday andDelivery Brokerage Calculator for Upstox | Equity Intraday andDelivery Brokerage Calculator for Groww |
| Futures Brokerage Calculator | FuturesBrokerage Calculator for Zerodha | Futures BrokerageCalculator for Upstox | Futures BrokerageCalculator for Groww |
| Options Brokerage Calculator | OptionsBrokerage Calculator for Zerodha | Options BrokerageCalculator for Upstox | Options BrokerageCalculator for Groww |
| Detail | Detail on Trading Platforms forzerodha | Detail on Trading Platforms forupstox | Detail on Trading Platforms forgroww |
Broker Ratings by Users
Compare Zerodha vs Upstox vs Groww on UserRating
| Zerodha | Upstox | Groww | ||
|---|---|---|---|---|
| 160 Customer Reviews | 12 Customer Reviews | 8 Customer Reviews | ||
| Fees Ratings | ||||
| Trading Brokerage Rating | ||||
| Trading Platform Usability | ||||
| Customer Service Ratings | ||||
| Overall Ratings | ||||
| Broker Rating | Zerodha is Rated 3.9 / 5 based on 160 customer reviews | Upstox is Rated 3.7 / 5 based on 12 customer reviews | Groww is Rated 4.3 / 5 based on 8 customer reviews |
Investment Offerings
Compare Zerodha vs Upstox vs Groww onInvestment Offerings
Compare Zerodha vs Upstox vs Groww on Investment Offeringslike Online IPO Application, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment,Bonds/NCD, EFT, Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services.Equity and Equity deravitives - All 3 brokers offers trading/investment in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Zerodha and Upstox offers Commodity Trading where Groww doesn't offers Commodity Trading. Online Mutual Fund Investment - All 3 brokers offers online mutual fund investment. Portfolio Management Services (PMS) - All 3 brokers doesn't offer PMS facility.
| Investment Offerings Compare | Zerodha | Upstox | Groww |
|---|---|---|---|
| Equity Cash and F&O | | | |
| Currency Deravitives | | | |
| Commodity | | | |
| Online IPO Application | | | |
| Mutual Funds | | | |
| Bond / NCD | | | |
| ETF | | | |
| Banking | | | |
| Insurance | | | |
| Forex | | | |
| MF SIP Investment | | | |
| Equity SIP Investment | | | |
| PMS Service | | | |
| Other Investment Options | NIL | NIL | NIL |
Order Types
Compare Zerodha vs Upstox vs Groww onOrder Types
Order Type - Compare Zerodha vs Upstox vs Groww on offeringsof order types. All the broker provide CNC Order, MIS Order, NRML Order. Differance comes with advanceorder typle like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - Zerodha and Upstox provides Cover Orders (CO) facility where Groww doesn't provides Cover Orders.Bracket Orders (BO) - Upstox provides Bracket Orders (BO) facility where Zerodha and Groww doesn't provides Bracket Orders. After Market Orders (AMO) - Zerodha and Upstox AMO facility where Groww doesn't provides AMO. GTC Orders - Zerodha and Upstox offers Good Till Cancelled (GTC) orders facility where Groww doesn't provides GTC.
| Order Type Compare | Zerodha | Upstox | Groww |
|---|---|---|---|
| CNC order | | | |
| MIS order | | | |
| NRML order | | | |
| Cover order | | | |
| Bracket order | | | |
| AMO-After Market Orders | | | |
| GTC-Good Till Cancelled | | | |
Customer Service Offered
Compare Zerodha vs Upstox vs Groww onCustomer Service
Compare Zerodha vs Upstox vs Groww on customer serviceoffered by the broker. This section compare type of service offered by each broker for quick resoluationfor queries/issue you have.
| Customer Service Compare | Zerodha | Upstox | Groww |
|---|---|---|---|
| 24/7 Customer Service | | | |
| Email Support | | | |
| Onine Live Chat | | | |
| Phone Support | | | |
| Toll Free Number | | | |
| Through Branches | | | |
| Customer Care Number | "+ 91 80 4040 2020" | +91 22 6130 9999 | 9108800604 |
| Account Opening Process | Online/Paperless | Online/Paperless | Online |
| Customer Support Email | [emailprotected] | [emailprotected] | [emailprotected] |
| Knowledge Center/Education | https://zerodha.com/varsity/ | https://upstox.com/help-center/ | https://groww.in/academy |
| Head Office Address | Zerodha Headquater #153/154 4th Cross Dollars Colony, Opp. Clarence Public School, J.P Nagar 4th Phase, Bangalore - 560078 | Upstox Corporate Office Sunshine Tower, 30th Floor, Senapati Bapat Marg, Dadar (W), Mumbai - 400 013 | Groww Head Office1st Floor, Proms Complex, SBI Colony,1 A Koramangala, 560034 |
| Website | https://zerodha.com/ | https://upstox.com/ | https://groww.in/ |
Tips/Research/Reports Published
Compare Zerodha vs Upstox vs Groww onResearch Reports, Tips
Compare Zerodha vs Upstox vs Groww on research reports andtips provided by broker.
| Zerodha | Upstox | Groww | |
|---|---|---|---|
| Research Mutual Funds | | | |
| Research Equity Reports | | | |
| Research ETF | | | |
| Daily Market Report | | | |
| Free Tips | | | |
| Quarterly Result Analysis | | | |
| News Alerts | | | |
Demat Account
Compare Zerodha vs Upstox vs Groww onDemat Account
Compare Zerodha vs Upstox vs Groww on Demat Service andCharges. This section cover about demat charges, demat service and other details
| Zerodha | Upstox | Groww | |
|---|---|---|---|
| DP Source | CDSL | CDSL | CDSL |
| DP ID | 81600 | 81800 | No |
| Demat Account Annual Maintenance Charges(AMC) | ₹300 pa | ₹300 PA | Zero |
| Advance Deposit | Nil | NIL | Nil |
| Statutory charges | ₹50 | Nil | Legal Charges |
| Transaction Charges on Debit (Per ISIN) | ₹8 + ₹5.50 (CDSL Charges) per transaction | ₹13 + ₹5.50 CDSL charges | ₹8 + ₹5.50 CDSL charges |
| Demat | ₹150 per certificate + ₹100 courier charges | ₹20 + ₹50 courier charges | ₹150 per certificate + courier charges |
| Remat | ₹150 per certificate + ₹100 courier charges + CDSL Charges | ₹100 for every hundred securities or ₹25 per certificate (whichever is higher) | ₹150 per certificate + courier charges |
| Pledge Creation | ₹20 + ₹12 CSDL charges | 0.02% of the transaction value (Min ₹50) + CDSL charges | ₹20 + Rs. 12 per request (CDSL Charges) |
| Pledge Creation Confirmation | Nil | 0.02% of the transaction value (Min ₹50) + CDSL charges | ₹20 + Rs. 12 per request (CDSL Charges) |
| Pledge Closure | ₹20 + ₹12 CSDL charges | 0.02% of the transaction value (Min ₹50) + CDSL charges | ₹20 + Rs. 12 per request (CDSL Charges) |
| Pledge Closure Confirmation | Nil | 0.02% of the transaction value (Min ₹50) + CDSL charges | ₹20 + Rs. 12 per request (CDSL Charges) |
| Pledge Invocation | ₹20 | 0.05% of the transaction value (Min ₹50) | ₹20 + Rs. 12 per request (CDSL Charges) |
| Failed Instruction Charges | ₹50 per instraction | ₹50 | ₹50 |
| Other Charges | Nil | Nil | Nil |
Special Offers,Advantages,Disadvantages
Compare Zerodha vs Upstox vs Groww onSpecial Offers and Promotion
Compare Zerodha vs Upstox vs Groww on general features,advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers andpromotion.
| Zerodha | Upstox | Groww | |
|---|---|---|---|
| Pay In and Pay Out Options | pay-in/adding funds - Cheque, UPI, Online Bank Transfer via IMPS, NEFT or RTGS, Netbanking from Kite Pay-out/Fund Withdrawal - Bank Transfer only | pay-in/adding funbds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from Upstox Pro Pau-out/Fund Withdrawal - Bank Transfer only | pay-in/adding funds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from Goww Pay-out/Fund Withdrawal - Bank Transfer only |
| Payout Time | Max 24 hrs except for bank holidays | Max 24 hrs except bank holidays | Max 24 hrs except bank holidays |
| Bank Supported and Charges | Around 25 banks allow instant credit facility with charges of Rs 9 from zerodha trading platform (kite/PI). | Around 30 banks allow instant credit facility with charges of Rs 7 from Upstox trading platform (Keynote) via ATOM service. | Around 25 banks allow instant credit facility with charges of Rs 9 from Groww trading platform. |
| Bank Detail | HDFC Bank Account#ZERNSE Branch: Sandoz Branch, Mumbai IFSC Code:HDFC0000240 | HDFC Bank Account Name - RKSV SECURITIES INDIA PVT.LTD. Account Number -00600340067574 Account Type - Current Account IFSC Code- HDFC0000060 | NA |
| Likes | You will enjoy many benefits or advantages while trading with Zerodha;
Detail Review... | Before you open an Upstox account, check out the advantages on why to trade with Upstox.
Detail Review... |
Detail Review... |
| Dislikes |
Detail Review... | There are some setbacks or disadvantages also while trading with Upstox;
Detail Review... |
Detail Review... |
| Special Offers/Promo | Zero Brokerage for Equity Delivery and Zero Commission on Mutual Fund Investment (Direct Mutual Funds), Pay max Rs 20 for equity intraday, F&O, currency and commodity trading. No Hidden Charges. | Max Rs 20 for equity delivery, intraday, F&O, currency and commodities trades + Free Account Opening + Free Mutual Funds and IPOs | |
| Enquire for Zerodha | Enquire for Upstox | Enquire for Groww |
Last Updated on 2024-05-23T05:55:42+00:00
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