Groww and Zerodha have similar overall brokerage models, but there are significant differences: Groww charges brokerage on equity delivery, while Zerodha does not, and their exact rates for other segments also differ. Below is a comparison of their updated charges for 2025.
Brokerage and Other Key Charges
Segment | Zerodha | Groww |
Account Opening (Equity) | ₹0 | ₹0 |
Demat Account AMC | Up to ₹300 yearly (based on holding value) | ₹0 |
Equity Delivery | ₹0 | 0.1% or ₹20, whichever is lower, min ₹5 per order |
Equity Intraday | 0.03% or ₹20/order, whichever is lower | 0.1% or ₹20/order, whichever is lower, min ₹5/order |
Equity Futures | 0.03% or ₹20/order, whichever is lower | ₹20 per executed order |
Equity Options | ₹20 per executed order | ₹20 per executed order |
DP (demat withdrawal) | ₹15.34 per scrip per day | ₹20 per sell transaction (₹0 if value < ₹100) |
Auto Square-off | ₹50 per executed order | ₹50 per position |
Important Differences
- Equity Delivery: Zerodha offers free equity delivery, while Groww charges up to ₹20 or 0.1% (min ₹5) per order for delivery trades.
- Intraday and F&O: Both charge up to ₹20 per order, but Zerodha has a lower percent-based cap (0.03% vs 0.1% for Groww), making it cheaper for larger trades.
- DP Charges: Groww charges ₹20 per sell transaction (with a waiver for sales below ₹100), and Zerodha charges ₹15.34 per scrip per day.
- Demat AMC: Zerodha may charge up to ₹300 annually for demat accounts with large holdings; Groww does not charge AMC.
- Margin and Leverage: Both provide up to 5x leverage for intraday trades; F&O margin is based on exchange requirements.
Statutory and Transaction Fees
Both brokers levy standard government taxes, SEBI, GST, and exchange-based charges. There is no significant difference in these statutory costs between the two platforms.
In summary, Zerodha is generally more cost-effective for equity delivery Rs 0, while both platforms are similarly priced for intraday and derivatives trading, except for minor differences in percent-based caps and DP/AMC charges.
