Upstox vs Zerodha vs Groww
In this article, we will review ‘Upstox vs Zerodha vs Groww‘ on the basis of Brokerage charges, Account maintenance charges, Investment options, Customer service, User reviews, Research and analysis, broker’s track record & reputation.
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| Product Name |
Upstox app review India in 2024: Brokerage Charges list, AMC & RatingZerodha Trading App Review 2024Groww app brokerage charges |
| Product Image |
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| Price | |
| Our Rating | |
| Brand | Upstox Zerodha Groww |
| Category | Stock brokers Stock brokers Stock brokers |
Company Overview
   |
|
| Company name | Upstox- RKSV Securities India Private Limited (RSIPL) Zerodha Groww Venture |
| Headquarters | Delhi Bengaluru New Delhi |
| Founder | Ravi Kumar Nithin Kamath Lalit Keshre |
| Establishment Year | April 6, 2009 15 August 2010 2017 |
Account opening & AMC
|
|
| Account Opening Fee The account opening fee, also known as account setup charges, refers to the one-time charge levied by a brokerage firm when you open a new Demat and trading account to invest in securities like stocks, bonds, or ETFs. These fees can vary depending on the type of account, the brokerage firm, and any current promotions or offers. | ₹0 ₹200 ₹0 |
| Annual Maintenance Charges (AMC) This is a yearly fee levied by the depository participant (DP) to maintain your Demat account, where your shares are held electronically. | ₹0 ₹0 ₹0 |
Pledge Charges
|
|
| Pledge Creation Charges | ₹20 + GST per scrip for Equity & ₹50 + GST per scrip for pledging Futures buy and sell and Options Sell orders only ₹30 + GST per pledge request ₹0 |
| Pledge Invocation Charges | ₹50 + GST per scrip for unpledging ₹0 ₹20 |
| Interest on Margin Trading | ₹20/day for every slab of ₹40,000 taken as MTF 0.035% per day (equivalent to 12.775% p.a.) Does not provide |
| Margin Re-Pledge | ₹20 + GST per scrip for Equity ₹0 ₹5 |
Brokerage charges & Fees
|
|
| Brokerage Plan | Standard Standard Standard |
| Equity Delivery Charges | ₹20 or 2.5% whichever is lower ₹0 ₹20 or 0.05% per executed order, whichever is lower |
| Equity Intraday Charges | ₹20 per executed order or 0.05% (whichever is lower) ₹20 or 0.03% per executed order, whichever is lower ₹20 or 0.05% per executed order, whichever is lower |
| Equity Futures charges | ₹20 per executed order or 0.05% (whichever is lower) ₹20 or 0.03% per executed order, whichever is lower Flat ₹20 per executed order |
| Equity Options charges | Flat ₹20 per executed order Flat ₹20 per executed order Flat ₹20 per executed order |
| Currency Futures charges | ₹20 per executed order or 0.05% (whichever is lower) ₹20 per executed order or 0.03% of the transaction value, whichever is lower Does not offer |
| Currency Options charges | Flat ₹20 per executed order Flat ₹20 per executed order Does not offer |
| Commodity Futures charges | ₹20 per executed order or 0.05% (whichever is lower) ₹20 per executed order or 0.03% of the transaction value, whichever is lower Does not offer |
| Commodity Options charges | Flat ₹20 per executed order ₹20 per executed order Does not offer |
Customer services offered
|
|
| Demat Services |
 Yes
Yes
Yes
|
| Trading Services |
Yes
Yes
Yes
|
| Intraday Services |
Yes
Yes
Yes
|
| F&O Services |
Yes
Yes
Yes
|
| IPO Services |
Yes
Yes
Yes
|
| Share Pledging |
Yes
Yes
Yes
|
| NRI Services |
Yes
Yes
Yes
|
| Referral Program |
Yes
Yes
Yes
|
Customer Support
|
|
| Call Support | 022-41792999: All Trading Days – 8 am to 5 pm 080 47181888 +91 9108800604 (24x7) |
| Email Support | support@upstox.com: All Trading Days – 8 am to 5 pm renu.pd@zerodha.com (10AM - 5PM) support@groww.in |
| Whatsapp Support |
No
 No
No
|
| Website Support |
Yes, 8AM - 7PM IST, Monday - Saturday
Yes, create ticket
Yes, create ticket
|
Leverage (Margin) Offered
|
|
| Equity Delivery Margin Leverage | No leverage available; you need the full purchase value in your account. No leverage available; you need the full purchase value in your account. No leverage available; requires full margin upfront |
| Equity Intraday Margin Leverage | Leverage ranges from 1x to 5x depending on the stock (lower leverage for volatile stocks) Upto 5x depending on the stock (lower leverage for volatile stocks) Upto 5x depending on the stock (lower leverage for volatile stocks) |
| Equity F&O Intraday Margin Leverage | Leverage is 1.3x across all Equity F&O contracts No leverage available; requires full margin upfront No leverage available; requires full margin upfront |
| Equity F&O Carry Forward Margin Leverage | No leverage available; requires full margin upfront No leverage available; requires full margin upfront No leverage available; requires full margin upfront |
| Currency F&O Margin Leverage | Leverage is 1.3x across all Currency F&O contracts No leverage available; requires full margin upfront Does not provide Currency trading |
| Commodity F&O Intraday Margin Leverage | Leverage is 1.3x across all Commodity F&O contracts No leverage available; requires full margin upfront Does not provide Commodity trading |
| Commodity F&O Carry Forward Margin Leverage | No leverage available; requires full margin upfront No leverage available; requires full margin upfront Does not provide Commodity trading |
Unique Offerings
|
|
| Free Account Opening |
Yes
No
Yes
|
| Free Brokerage | On Mutual Funds and IPOs only On Stock delivery, Mutual Funds and IPOs only On Mutual Funds and IPOs only |
| Free AMC |
Yes
Yes
Yes
|
| Free Equity Delivery |
No
Yes
No
|
| Free F&O Trading |
No
No
No
|
| Free Intraday Trading |
No
No
No
|
| Free Trading calls |
No
No
No
|
| Happy Trading Hours |
No
No
No
|
| Flexible Brokerage Plans |
No
No
No
|
| Referral Offers |
Yes
Yes
Yes
|
| Margin Funding (MTF)/ Pledging |
Yes
Yes
Yes
|
| Brokerage Cashback |
No
No
No
|
| Zero Brokerage for Loss Making Trades |
No
No
No
|
| Relationship Manager |
No
No
No
|
Services Provided
|
|
| Equity Delivery |
Yes
Yes
Yes
|
| Equity Intraday |
Yes
Yes
Yes
|
| Equity Futures |
Yes
Yes
Yes
|
| Equity Options |
Yes
Yes
Yes
|
| Currency Futures |
Yes
Yes
No
|
| Currency Options |
Yes
Yes
No
|
| Commodity Futures |
Yes
Yes
No
|
| Commodity Options |
Yes
Yes
No
|
| Foreign Stocks |
No
No
Yes, US stocks
|
| Mutual Funds |
Yes
Yes
Yes
|
| Banking |
No
No
No
|
| Insurance |
No
No
No
|
| Corporate Bonds |
No
No
No
|
| Govt. Bonds |
No
No
No
|
| Digital Gold |
No
No
No
|
Order Types
|
|
| Market Order |
Yes
Yes
Yes
|
| Limit Order |
Yes
Yes
Yes
|
| Bracket Order |
Yes
Yes
No
|
| Cover Order |
Yes
Yes
No
|
| After Market Order (AMO) |
Yes
Yes
Yes
|
| Good Till Cancelled (GTC) |
Yes
Yes
Yes
|
| Buy Today Sell Tomorrow (BTST) |
No
No
No
|
| Sell Today Buy Tomorrow (STBT) |
No
No
No
|
Research & Reports
|
|
| Annual Reports |
No
Yes, powered by Tickertape
Yes
|
| Company Reports |
Yes, Basic only
Yes, powered by Tickertape
Yes
|
| Research Reports |
No
Yes, powered by Tickertape
No
|
| Fundamental Reports |
Yes, Basic only
Yes, powered by Tickertape
Yes
|
| IPO Reports |
Yes
Yes
Yes
|
| Technical Reports |
Yes, Basic only
Yes, powered by Streak
No
|
| Stock tips |
No
No
No
|
| Daily Market Review |
Yes
No
Yes
|
| Monthly Review |
Yes
No
Yes
|
| Weekly Review |
Yes
No
Yes
|
| Robo Advisory |
No
No
No
|
STT & CTT Charges
|
|
| Equity Delivery STT & CTT | 0.1% on buy & sell 0.1% on buy & sell 0.1% on buy & sell |
| Equity Intraday STT & CTT | 0.025% on the sell side 0.025% on the sell side 0.025% on the sell side |
| Equity Futures STT & CTT | 0.0125% on sell side 0.0125% on the sell side 0.0125% on the sell side |
| Equity Options STT & CTT | 0.0625% on sell side (on premium) 0.0625% on sell side (on premium) 0.0625% on sell side (on premium) |
| Currency Futures STT & CTT |
No STT
No STT
Does not offer
|
| Currency Options STT & CTT |
No STT
No STT
Does not offer
|
| Commodity Futures STT & CTT |
0.01% on sell trade (Non-Agri)
0.01% on sell side (Non-Agri)
Does not offer
|
| Commodity Options STT & CTT |
0.05% on sell trade
0.05% on sell side
Does not offer
|
Trading Features
|
|
| Watchlist |
Yes
Yes
Yes
|
| Real Time Updates |
Yes
Yes
Yes
|
| Portfolio Details |
Yes
Yes
Yes
|
| Price Alert |
Yes
Yes
Yes
|
| Online Mutual Fund Buy |
Yes
Yes
Yes
|
| Global indices |
No
No
No
|
| Customized Recommendations |
No
No
No
|
| Advanced charting |
Yes
Yes
No
|
| Live market |
Yes
Yes
Yes
|
| Multiple Profile Management |
No
No
No
|
| Secure Platform |
Yes
Yes
Yes
|
Trading Platforms
|
|
| Android App |
Yes
Yes
Yes
|
| iOS App |
Yes
Yes
Yes
|
| Web Trading Platform |
Yes
Yes
Yes
|
| Trading Terminal |
Yes
Yes
No
|
| Algo Trading Platform |
Yes
Yes
No
|
| Foreign Stocks Trading Platform |
No
No
Yes, US stocks only
|
| Basket Trading Platform |
Yes
Yes
No
|
| Mutual Fund Investment Platform |
Yes
Yes
Yes
|
| Digital Gold Investment Platform |
No
No
No
|
| Bonds Investment Platform |
No
No
No
|
Transaction Charges
|
|
| Equity Delivery Transaction Charges | NSE 0.00325% per trade on buy & sell. BSE charges vary as per the scrip group NSE: 0.00325% | BSE: 0.00375% NSE: 0.00325% | BSE: 0.00375% |
| Equity Intraday Transaction Charges | NSE: 0.00325% per trade on buy & sell. BSE charges vary as per the scrip group NSE: 0.00325% | BSE: 0.00375% NSE: 0.00325% | BSE: 0.00375% |
| Equity Futures Transaction Charges | NSE Exchange turnover charge: 0.0019%. BSE: Nil NSE: 0.0019% | BSE: 0 NSE: 0.0019% | BSE: 0 |
| Equity Options Transaction Charges | NSE Exchange turnover charge: 0.050% (on premium). BSE: 0.0375% (on premium) NSE: 0.05% (on premium) | BSE: 0.005% (on premium) NSE: 0.05% (on premium) | BSE: 0.0325% (on premium) |
| Currency Futures Transaction Charges | NSE: Exchange txn charge: 0.0009% & BSE: Exchange txn charge: 0.00022% 0.0009% Does not offer |
| Currency Options Transaction Charges | NSE: Exchange txn charge: 0.035% & BSE: Exchange txn charge: 0.001% NSE: Exchange txn charge: 0.035% | BSE: Exchange txn charge: 0.001% Does not offer |
| Commodity Futures Transaction Charges | Non-Agri: Exchange turnover charge: 0.0026% Exchange txn charge: 0.0026% Does not offer |
| Commodity Options Transaction Charges | Exchange turnover charge: 0.05% Exchange txn charge: 0.05% Does not offer |
Stamp Duty charges
|
|
| Equity Delivery Stamp Duty | 0.015% or ₹1500 / crore on buy side 0.015% or ₹1500 / crore on buy side 0.015% or ₹1500 / crore on buy side |
| Equity Intraday Stamp Duty | 0.003% or ₹300 / crore on buy side 0.003% or ₹300 / crore on buy side 0.003% or ₹300 / crore on buy side |
| Equity Futures Stamp Duty | 0.002% or ₹200 / crore on buy side 0.002% or ₹200 / crore on buy side 0.002% or ₹200 / crore on buy side |
| Equity Options Stamp Duty | 0.003% or ₹300 / crore on buy side 0.003% or ₹300 / crore on buy side 0.003% or ₹300 / crore on buy side |
| Currency Futures Stamp Duty |
0.0001% or Rs 10 per crore on buy-side
0.0001% or ₹10 / crore on buy side
Does not offer
|
| Currency Options Stamp Duty |
0.0001% or Rs 10 per crore on buy-side
0.0001% or ₹10 / crore on buy side
Does not offer
|
| Commodity Futures Stamp Duty |
0.002% or ₹200 per crore on buy-side
0.002% or ₹200 / crore on buy side
Does not offer
|
| Commodity Options Stamp Duty |
0.003% or ₹300 per crore on buy-side
0.003% or ₹300 / crore on buy side
Does not offer
|
Other Charges
|
|
| SEBI Turnover Charges | ₹10/crore (For all segments) ₹10 / crore ₹10 / crore |
| DP Charges | ₹18.5 + GST per scrip (irrespective of quantity) ₹13.5 + GST per scrip (irrespective of quantity) ₹13.5 per company |
| GST charges | 18% of (brokerage + transaction charges + Demat) 18% of (Brokerage + Transaction charges + Demat) 18% |
| Account Closure Charges | Free Free Free |
| Reactivation Charges | Free Free Free |
| Dematerialization Charges | ₹20 per Certificate ₹150 per share certificate, ₹100 courier charges, + 18% GST ₹150 per share certificate + courier charges |
| Call and Trade charges | ₹50 + 18% GST ₹50 per order ₹50 per order |
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