Groww vs Zerodha charges

If you are looking for a platform to invest in mutual funds, stocks, or other securities, you might have come across Groww and Zerodha. What’s the difference between these two well-known Indian online brokers? Our goal for this blog post is to compare Groww vs Zerodha focusing on their features, fees, pros and cons, and customer reviews.

Groww overview

With Groww’s simple and easy-to-use app, you can invest in mutual funds, stocks, US stocks, and initial public offerings (IPOs). Groww lets you open an account quickly with just your Aadhaar and PAN cards. You can then invest as little as ₹100 to get started. Groww also has blogs, videos, podcasts, and other educational content that can help you learn how to invest. There is Groww support to support you with any queries.

Zerodha overview

Many people in India use Zerodha to buy and sell stocks. It has more than 5 million clients. Zerodha has many different kinds of goods and services, plus Kite (a trading platform for the web and mobile devices), Coin (a platform for investing in direct mutual funds), Varsity (an online learning portal), and more. Zerodha also has partner offices and branches all over India where you can get help and support.

Groww vs Zerodha Charges

The charges a broker charges are one of the most important things to think about when picking one. Here is a look at how much Groww and Zerodha charge:

• Brokerage: Groww doesn’t charge anything to invest in mutual funds, but it does charge Rs. 20 or 0.05% of the trade price for stocks and other securities. Zerodha also doesn’t charge anything to invest in direct mutual funds. To trade stocks and other securities, it costs Rs. 20 or 0.03% of the trade, whichever is less.
• Setting up an account: Groww doesn’t charge anything to set up a demat and trading account, but Zerodha charges ₹200.
• AMC charges: It costs ₹500 + GST as yearly account maintenance charges (AMC) charges to maintain your demat account every year with Zerodha, but it doesn’t cost anything with Groww.
• Other fees: As required by the government, both Groww and Zerodha charge GST, STT, SEBI fees, stamp duty, and transaction fees.

The pros and cons of Groww vs Zerodha

The pros and cons of both Groww and Zerodha are different. These are some of them:

Groww Pros

• There are no account opening or yearly fees
• Website and app are simple to use
• Option to invest in US stocks
• Helpful and friendly customer service

Groww Cons

• Not as many products as Zerodha
• No physical locations or branches
• There are no advanced trading tools or features

Zerodha pros

• A lot of services and goods to choose from
• Low fees for brokers
• A strong trading platform with lots of extras
• Branch locations and offline presence

Zerodha cons

• Fees to open an account and keep it open every year
• There are bugs and problems with the platform, and customer service and support are bad.

Groww vs Zerodha: What Customers Say

One more way to contrast Groww and Zerodha is to read what real customers have said about each one. Here are some reviews from Google Play Store customers:

• Groww: “Best app for people who are just starting out and want to invest in stocks or mutual funds. Very simple to understand and use. Also, customer service is great.” a Google Play Store customer says
• “The app is good, but it needs to work faster and better.” It may take too long to load or crash at times.” another user says about groww.
• “Zerodha is the best broker in India. Their platform is quick, dependable, and easy to use. They also offer a lot of tools and resources for learning” said Zerodha.
• “Worst customer service ever. They never answer questions or deal with complaints. Also, their platform is glitchy at peak hours.” Said another user.

In conclusion

In India, both Groww and Zerodha are well-known online brokers. However, they have different fees, features, pros and cons, and customer reviews. You can pick the one that works best for you based on your tastes, goals, budget, and level of experience. You can also try them both for free and pick the one you like best.