Zerodha or Groww- Confused? Here is everything you need to know!
If you want to be a successful stock trader, it is necessary to have a good technique and a sound platform that can be used for trading.
For systematic trading one must have fast trading platform speed, real-time market data and convenient tools for advanced charting.
Trading using Online Trading platforms has become a trend. Following is a comparison between two best platforms in the market. These platforms have blazing fast speed and provide unique features and are available on mobile and desktop.
Zerodha
Zerodha is a reliable stockbroker. It has been in business since 2010 and has over 15 lakh active clients located across India.
The company is registered with SEBI, CDSL, and major stock exchanges in India. It has a low operation cost as it offers online trading facilities only.
1+ Crore Zerodha clients contribute to over 15% of all retail order volumes in India daily by trading and investing in: Futures and Options.
Groww
Groww is India’s growing financial services platform where users can find their investment solutions pertaining to mutual funds, stocks, US Stocks, ETFs, IPO. It was established in 2016.
Let’s dive into comparison between Groww and Zerodha.
| Zerodha | Groww | |
| Type | Discount | Discount |
| Year Of Establishment | 2010 | 2016 |
| Members of | NSE, BSE, MCX | NSE, BSE |
| Active Client Base | 36 Lakhs | 7.86 Lakhs |
| Depository | CDSL | CDSL |
| Trading Segments | Equity, Currency, Commodity, Derivatives, IPO, Bonds and Mutual Funds | Equity, Currency, IPO and Mutual Funds. |
Company Statistics
Every broker must have strong company fundamentals in order to ensure that their investments are not in danger. Here are some specifications about Zerodha & Groww’s company profile.
Let’s consider other parameters and analyse the company’s statistics.
| Zerodha | Groww | |
| Type of Company | Bootstrapped | Depends on funding |
| Profit/ Loss | Rs 1000 cr (Profit) | Rs 7.92 cr (Loss) |
| Revenue | Rs 1096.64 Cr | Rs 0.76 Cr |
Customer Service Statistics
Customer Service is one of the most important aspects for a trader. In case of any issues, the trader must be able to resolve it quickly in order to make sure no loss are occured.
The customer must be happy and trust the brand at the end of the day. And this can be only acheived with great customer support.
| Zerodha | Groww | |
| Number Of Complaints | 868 | 32 |
| Complaints Resolved | 757 | 28 |
| % of complaints against active client base | 0.02% | 0.04% |
| % of number of complaints resolved as against the number of complaints resolved | 98.5% | 87.5% |
Zerodha Vs Groww Charges
The new user must pay account opening charges while using Zerodha and the account opening is free for Groww.
| Zerodha | Groww | |
| Account Opening Charges | Rs 200 (equity, currency, etc) Rs 300 (commodities) | Rs 0 |
| Account Opening Charges | Rs 300 + GST (charged quarterly) | Rs 0 |
Zerodha Vs Groww Stock Charges
Following are the charges charged for various services.
Stock charges are charged on both buying and selling side and they are charged on total turnover amount.
| Brokerage | Zerodha | Groww |
| Equity Delivery | Rs 0 | Rs 20 per order or 0.05% |
| Equity Intraday | Rs 20 per order or 0.03% | Rs 20 per order or 0.05% |
| Equity Futures | Rs 20 per order or 0.03% | Rs 20 per order or 0.05% |
| Equity Options | Rs 20 per order | Rs 20 per order or 0.05% |
| Commodity Futures | Rs 20 per order or 0.03% | NA |
| Commodity Options | Rs 20 per order or 0.03% | NA |
| Currency Futures | Rs 20 per order or 0.03% | Rs 20 per order |
| Currency options | Rs 20 per order or 0.03% | Rs 20 per order |
Zerodha Vs Groww DP Charges
The DP levies charges upon all sale of share transactions in your Demat Account. DP Charges mean flat transaction fees regardless of the quantity sold.
| Zerodha | Groww | |
| DP Charges | Rs 13.5 + GST per scrip | Rs 13.5 + GST per scrip |
Zerodha Vs Groww Margin Trading Facility
Margin trading refers to borrowing money from the broker to purchase stock. The investor is allowed to buy more securities than what he can afford with the available funds at the moment.
| Zerodha | Groww | |
| Equity Intraday | Upto 7x (based on the stock) MAX 20% of traded value | Upto 5x (based on stocks) |
| Equity Options | 1.3x on both buying and selling | 1.5x to 2x on selling |
| Equity futures | 1.3x on both buying and selling | – |
| Currency futures | 1.3x on both buying and selling | – |
| Currency Options | 1.3x on both buying and selling | 1.5x to 2x on selling |
| Commodity Futures | 1.3x on both buying and selling | – |
| Commodity Options | 1.3x on both buying and selling | – |
Zerodha Vs Groww Trading Platform
Trading platform is a software system typically offered through a brokerage or other financial institution that lets you trade online, on your own. A trading platform gives investors an online interface through which they can access various markets, place trades, monitor positions, and manage their accounts.
| Zerodha | Groww | |
| Web based | Zerodha Kite | Groww Web app |
| Mobile App | Zerodha Coin Zerodha Kite | Groww Mobile app |
| Terminal | Zerodha Pi | – |
Zerodha Vs Groww Features
| Zerodha | Groww | |
| SMS Alerts | ✔ | ✔ |
| Guest Demo | ✔ | ✔ |
| Online Portfolio | ✗ | ✔ |
| Margin Trading Funding | ✔ | ✔ |
| Referral Program | ✔ | ✔ |
Zerodha Vs Groww Customer Support
| Zerodha | Groww | |
| Chat Box /text | ✔ | ✔ |
| Phone /Call | ✔ | ✔ |
| Offline support | ✗ | ✗ |
| ✗ | ✔ |
Which is better Zerodha or Groww?
| Zerodha | Groww | |
| Brand Equity | 4.5/5 | 4.0/5 |
| Brokerage | 4/5 | 4/5 |
| Trading Platforms | 4.5/5 | 2.7/5 |
| Customer Service | 2.7/5 | 2.7/5 |
| Mobile Trading | 4.2/5 | 3/5 |
| Margin | 3/5 | 3/5 |
This was the comparison between Zerodha and Groww. We believe that Zerodha is better of the two. We hope that you would have found our article worth reading. Share it with your friends and stay tuned for more articles.
FAQs
Q.) Which is better Zerodha or Groww?
Asnwer : While Zerodha and Groww, both are online discount brokers, Zerodha is better than Groww.
Q.) What if Zerodha shuts down?
Answer : If a broker shuts down, you need to apply for compensation for your trading account with the Investor Protection Fund set up by SEBI.
Q.) Is Zerodha account free?
Answer : The charge for an online account opening at Zerodha is Rs 200 for the Trading & Demat account.
Q.) Does Zerodha have minimum balance?
Answer : No, there is no minimum balance to be maintained in your Zerodha trading account.
Q.) Can Groww be trusted?
Answer : Yes, the Groww app is safe and secure for mutual fund investments.
