Zerodha and Groww are two of India’s widely used online investment platforms, offering demat and trading accounts for investing in stocks, mutual funds, ETFs, IPOs and other market products. Both have positioned themselves around digital onboarding and transparent pricing, but their charges, platforms and feature sets differ.
For investors deciding between the two, it is important to look beyond account-opening charges. Brokerage on delivery and intraday trades, demat maintenance charges, DP charges, trading tools, mutual-fund facilities and portfolio-management features can all affect the overall experience and cost.
As of October 2026, Zerodha offers zero brokerage on equity delivery for eligible retail individual customers, while Groww currently charges ₹20 or 0.1% per executed order, whichever is lower, with a minimum brokerage of ₹5. Groww also currently advertises ₹0 account opening and ₹0 maintenance charges.
Zerodha vs Groww: Quick Comparison
| Feature | Zerodha | Groww |
| Account opening | Free for individual accounts | ₹0 |
| Equity delivery brokerage | ₹0 for eligible retail individual customers | ₹20 or 0.1%, whichever is lower; minimum ₹5 |
| Equity intraday | ₹20 or 0.03%, whichever is lower | ₹20 or 0.1%, whichever is lower |
| Equity options | ₹20 per executed order | ₹20 per executed order, subject to applicable pricing |
| Mutual funds | Direct mutual funds at ₹0 commission | Direct mutual funds at ₹0 charges |
| IPOs | Available | Available |
| Standard non-BSDA AMC | ₹300/year + GST | Currently ₹0 maintenance charge |
| Trading platform | Kite | Groww app/Web/Terminal |
| Portfolio reports | Console | Groww portfolio and reports |
| F&O | Available | Available |
| MTF | Available | Available |
Charges and features can change, so investors should check the respective official pricing pages before opening an account.
1. Account Opening Charges
Both platforms provide online account opening.
Zerodha’s current charges page lists free account opening for individual accounts. It also lists free opening for minor accounts, while different charges can apply to NRI and certain non-individual accounts.
Groww currently lists ₹0 for trading and demat account opening on its pricing page.
Therefore, for a standard resident individual investor, the initial account-opening cost is not a major differentiator.
2. Equity Delivery Brokerage
This is an important difference for long-term equity investors.
Zerodha currently offers ₹0 brokerage on equity delivery investments for eligible retail individual customers.
Groww’s current pricing page lists equity brokerage at ₹20 or 0.1% per executed order, whichever is lower, with a minimum brokerage of ₹5.
For example, an investor buying shares for delivery should consider the brokerage charged on each executed order in addition to statutory and exchange-related charges.
Therefore, anyone primarily interested in long-term stock investing should pay particular attention to this difference.
3. Intraday Brokerage
For intraday equity trading, Zerodha currently charges 0.03% or ₹20 per executed order, whichever is lower.
Groww currently lists ₹20 or 0.1% per executed order, whichever is lower, for equity brokerage under its published pricing structure.
Active intraday traders should therefore compare their expected trading volume with the applicable percentage and maximum brokerage rather than simply assuming that both platforms have identical costs.
Brokerage is also only one component of the final transaction cost. STT, exchange transaction charges, SEBI charges, GST and stamp duty can also apply.
4. Demat Account Maintenance Charges
AMC can matter particularly to investors who intend to keep their demat account open for several years.
Zerodha currently provides first-year AMC free for resident individual accounts opened on or after June 1, 2026. From the second year, its standard non-BSDA AMC is ₹300 per year plus 18% GST. BSDA accounts have lower charges depending on the value of holdings.
Groww’s current pricing page lists ₹0 account maintenance charges.
This difference can be relevant to investors who rarely trade but want to keep their demat account active for long-term holdings.
5. DP Charges
Investors should not compare only brokerage because selling shares can also involve Depository Participant (DP) charges.
Zerodha’s published pricing currently lists a DP charge for eligible equity delivery sales, with the applicable CDSL and GST components included in its displayed amount.
Groww’s current pricing page lists DP charges for sell transactions and specifies the applicable depository and Groww components. It also states that the charge structure differs depending on the transaction value and other applicable conditions.
These charges should be considered when estimating the total cost of selling shares.
6. Trading Platform and User Experience
Zerodha’s main trading platform is Kite. It provides market data, advanced charts, watchlists, order placement and other trading functions. Zerodha also offers Console, its central reporting and analytics platform.
Kite includes features such as advanced charting, market-depth information, GTT orders, alerts and baskets. Its newer Terminal Mode allows users to customise their workspace around different trading styles.
Groww provides an investment-focused platform covering stocks, ETFs, IPOs, mutual funds and derivatives. Its current platform includes advanced charts, watchlists, an F&O terminal, option-chain tools, baskets and API trading.
The importance of these features depends on the investor. Someone primarily buying and holding shares may need fewer trading tools than an active trader.
7. Mutual Funds
Both platforms provide access to direct mutual funds.
Zerodha offers Coin, through which investors can buy direct mutual funds without commission. The investments are delivered directly to the demat account according to the platform’s structure.
Groww also provides direct mutual-fund investing and currently states that mutual funds can be invested in without transaction charges through its platform.
Investors should nevertheless compare fund selection, portfolio tracking, transaction experience and other platform features rather than considering only the absence of commission.
8. IPO Investing
Both Zerodha and Groww allow users to apply for IPOs.
Zerodha provides IPO application functionality through its platform, while Groww prominently offers IPO tracking and application features.
For IPO investors, factors such as application workflow, UPI handling, allotment tracking and ease of monitoring applications can be more relevant than ordinary equity-delivery brokerage.
9. Portfolio and Reporting Features
Zerodha provides Console, which acts as a central dashboard for investments, trades, statements and analytics. It includes detailed trade breakdowns, tax-ready reports, capital-gains information and portfolio analytics.
Groww provides portfolio tracking across its investment products and allows users to track stocks, mutual funds and other investments through its platform. Its current platform also provides tools such as screeners, calculators and portfolio-related features.
Investors who need detailed tax and trading reports should examine the exact reports available on each platform before deciding.
10. F&O and Advanced Trading
Both platforms support futures and options.
Zerodha’s published pricing lists ₹20 per executed order for equity options and ₹20 or 0.03% for equity futures, whichever is lower.
Groww also provides an F&O terminal with charts, option chains, positions, watchlists and basket functionality.
For derivatives traders, the decision should therefore include brokerage, exchange charges, order functionality, charting, risk-management tools and platform performance.
Which One May Suit Different Investors?
Long-Term Equity Investors
An investor who mainly buys shares for long-term holding may focus heavily on delivery brokerage and AMC. Zerodha’s ₹0 equity-delivery brokerage and its detailed reporting ecosystem are relevant factors, while Groww’s current ₹0 maintenance charge and investment-focused interface are also worth considering.
Beginners
Beginners may prefer to compare the simplicity of the interface, educational resources, portfolio visibility, customer support and ease of placing basic orders.
Active Traders
Active traders may place greater importance on charting, order types, market depth, F&O tools, alerts and the overall trading interface.
Mutual Fund Investors
Both platforms support direct mutual funds, so investors should compare fund selection, portfolio tracking and convenience.
Other Charges to Remember
Brokerage is not the only cost.
Depending on the transaction, investors may encounter:
- Securities Transaction Tax
- GST
- Exchange transaction charges
- SEBI turnover charges
- Stamp duty
- DP charges
- Pledge charges
- MTF interest
- Other applicable service charges
For example, Zerodha explicitly notes that statutory and regulatory charges are levied separately from brokerage.
Groww likewise publishes regulatory and statutory charges separately on its pricing page.
Conclusion
Zerodha and Groww offer different combinations of pricing and features, so the choice depends on how you intend to use your demat account.
Zerodha currently offers ₹0 brokerage on eligible equity-delivery investments, along with platforms such as Kite and Console and a detailed reporting ecosystem. Groww currently offers ₹0 account maintenance charges and combines stocks, mutual funds, IPOs and F&O within an investment-focused platform.
For long-term stock investors, delivery brokerage and AMC may be important considerations. Active traders may care more about charts, order tools, F&O functionality and trading costs. Mutual-fund and IPO investors should compare the specific workflows and features they expect to use.
Before opening an account, compare the complete current tariff, not just the advertised brokerage. Charges, product features and eligibility conditions can change, so the official pricing pages of Zerodha and Groww should be checked at the time of account opening.
