Nishant Mendhe
Oct 20, 2024
| Feature | Zerodha | Groww |
|---|---|---|
| Account Opening Fee | ₹0 (Free) | ₹0 (Free) |
| Annual Maintenance Charge (AMC) | ₹300 per year | ₹0 for the first year, then ₹300 |
| Feature | Zerodha | Groww |
|---|---|---|
| Equity Delivery | ₹0 (Commission-free) | ₹0 (Commission-free) |
| Equity Intraday | ₹20 or 0.03% per executed order | ₹20 or 0.05% per executed order |
| Futures & Options | ₹20 or 0.03% per executed order | ₹20 or 0.05% per executed order |
Zerodha: Offers a robust trading platform called Kite, known for its user-friendly interface and advanced charting tools. It provides extensive educational resources through Varsity.
Groww: Features a simple and intuitive app that is particularly appealing to beginners, focusing on mutual funds and long-term investing strategies.
| Feature | Zerodha | Groww |
|---|---|---|
| Equities | Yes | Yes |
| Mutual Funds | Yes (Direct plans) | Yes (Direct plans) |
| Futures & Options | Yes | Yes |
| Bonds | Limited | Yes |
Zerodha: Provides customer support through various channels, but some users report slower response times during peak hours.
Groww: Generally receives positive feedback for its customer service, offering prompt responses through chat and email.
Zerodha: Offers tools like Smallcase for thematic investing, Streak for algorithmic trading, and Sensibull for options trading strategies.
Groww: Focuses on mutual fund investments with features that help users create SIPs easily and track their investments over time.
Both Zerodha and Groww offer compelling options for investors looking to open a demat account in India.
Your choice should depend on your investment style—whether you’re a frequent trader or a long-term investor.