Zerodha vs Groww Comparison (2026)
Side-by-side comparison of Zerodha and Groww: brokerage fees, account maintenance charges (AMC), IPO application speed, and trading app features.
Charges & Feature Comparison Table
| Parameter | Zerodha | Groww |
|---|---|---|
| Account Opening Fee | ₹200 | ₹0 (Free) |
| Annual Maintenance (AMC) | ₹300/yr | ₹0 (Zero AMC for life) |
| Equity Delivery Brokerage | ₹0 (Free) | ₹20 or 0.05% |
| Equity Intraday Brokerage | Flat ₹20 or 0.03% | Flat ₹20 or 0.05% |
| Futures & Options (F&O) | Flat ₹20 per order | Flat ₹20 per order |
| IPO Application Flow | Seamless UPI 2.0 block mandate via Kite & Console | Fastest 2-tap IPO application directly on mobile |
| Pre-Apply IPO Feature | Yes (during pre-market window) | Yes (pre-apply before issue officially opens) |
| HNI / Shareholder Bidding | Yes (High Net-Worth / Shareholder category supported) | Yes (up to ₹5 Lakh UPI limit) |
| Active NSE Clients | 7.5M+ active clients | 10M+ active clients (#1 in India) |
Zerodha — Pros & Cons
India's pioneer discount broker with Rs 0 delivery brokerage and unmatched platform stability.
Pros:
- Zero brokerage on equity delivery (holding shares long-term)
- Kite platform has the highest uptime and cleanest interface
- Console offers the best capital gains and tax P&L reporting
Cons:
- ₹200 account opening charge
- ₹300 annual maintenance charge (AMC)
Groww — Pros & Cons
India's #1 broker by active users, offering zero opening fees and a beginner-friendly app.
Pros:
- 100% Free account opening and lifetime zero AMC
- Simplest UI in India for first-time equity and mutual fund investors
- Instant 2-tap IPO bidding with fast UPI mandate triggers
Cons:
- Charges ₹20 or 0.05% on equity delivery
- Basic charting compared to dedicated desktop terminals
Final Verdict: Which Broker Should You Choose?
For Long-Term Investors & Listing Gain Sellers: If your priority is selling allotted IPO shares at zero brokerage, or building a long-term portfolio without trade commissions, Zerodha is advantageous because equity delivery is 100% free.
For Casual IPO Applicants & Beginners: If you only open a demat account to apply for IPOs occasionally and do not want fixed annual charges eating into your account, Groww offers lifetime zero AMC and a frictionless mobile bidding experience.
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