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Brokers · Groww vs Angel One

Groww vs Angel One: which demat account is better in 2026

Lean zero-AMC simplicity versus bundled advisory. Cost-first, disclosed, and informational, not a recommendation to open any specific account.

The verdict

Groww and Angel One both charge zero delivery brokerage and a flat 20 rupees per order on F&O, so the deciding factor is lean simplicity versus bundled guidance: Groww suits the self-directed beginner with its zero AMC and clean app, while Angel One suits the investor who wants research and advisory despite a conditional, often recurring AMC.
Moat Score
80/ 100
High conviction
Deciding factorLean zero-AMC simplicity versus bundled advisory
Moat Score (Groww)80/100
Groww cost-fit80/100
Angel One cost-fit73/100

BazaarBaaziSource & method

Which suits whomGroww 80 · Angel One 73

The fast read on who each account fits. The cost-fit score is a BazaarBaazi 0 to 100 number for the lens of this matchup (lean zero-amc simplicity versus bundled advisory); the factor breakdown below shows exactly how it is built.

Best for

Groww

Self-directed beginners who want the simplest app and zero cost to hold.

Cost-fit score

80 / 100

Strengths

  • Zero annual maintenance charge, so simply holding a few shares costs nothing.
  • The simplest app for a first-time investor, with mutual funds and stocks in one clean flow.
  • Fast, fully paperless Aadhaar onboarding.

Trade-offs

  • Lighter advanced charting and derivatives tooling than the trader-focused platforms.
  • Fewer deep reporting and automation features for high-frequency or professional setups.

Best for

Angel One

Investors who want bundled research, advisory and ready-made baskets.

Cost-fit score

73 / 100

Strengths

  • Bundled research, smart-money advisory and ready-made baskets, useful for guided investors.
  • Flat-fee pricing on intraday and F&O despite a full-service heritage.
  • Long-established listed broker with a wide branch and support footprint.

Trade-offs

  • AMC structure is conditional and can become a recurring monthly charge after the first year.
  • More cross-sell and advisory prompts in the app than the lean discount brokers.

The comparison, side by sideIndicative 2026

Charges are the published flat-fee structures of Groww and Angel One as of 2026. Statutory charges (STT, exchange transaction, GST, SEBI and stamp) are the same across brokers and sit on top of the brokerage below.

 GrowwAngel One
Account openingFreeFree
Annual maintenance (AMC)The recurring cost of simply holding the demat account.Zero AMCConditional AMC (first year often free, then a monthly charge)
Equity deliveryBrokerage on buy-and-hold equity. Statutory charges still apply.Zero brokerageZero brokerage on delivery
Equity intraday20 per order or 0.1 percent, whichever is lower20 per order or 0.03 percent, whichever is lower
Futures and optionsPer executed order. Statutory charges (STT, exchange, GST) are the same across brokers.20 per executed order20 per executed order

Verify the live rate card on each broker site before opening an account. How BazaarBaazi sources this.

How the cost-fit score is builtBase 50, clamped 0 to 100

The score is deterministic: base 50, adjusted by the factors below and clamped to 0 to 100. It is a transparent cost-and-fit signal for this matchup, not a SEBI-registered rating.

Groww · 80 / 100

SimplicityThe cleanest first-time investor flow.+15
Holding costZero AMC keeps a small portfolio free to hold.+15
Cross-sellMinimal advisory prompts, a lean app.+7
Tooling depthLighter advanced derivatives tooling.-8

Angel One · 73 / 100

Research bundleSmart-money advisory and baskets for guided investors.+14
Branch supportWide branch and support network as a listed broker.+10
Holding costConditional AMC can become a recurring monthly charge.-10
Cross-sellMore advisory and cross-sell prompts in the app.-7

Both accounts charge zero delivery brokerage and a flat 20 rupees per executed order on F&O, so the score turns on holding cost, tooling and fit rather than on trade brokerage.

Prefer Angel One?

If the Angel One side of this matchup fits you better, here is the disclosed sign-up. The cost-first comparison above does not change either way.

FAQ3 reader questions · AEO-eligible

The Groww versus Angel One call, distilled and schema-marked for AI Overview, Perplexity, and reader search.

Is Groww or Angel One better for a beginner?

Groww is usually the simpler start, with a clean app and a guaranteed zero AMC. Angel One suits a beginner who specifically wants bundled research and ready-made baskets to guide early decisions, and who is comfortable with a conditional AMC after the first year.

Which is cheaper to hold, Groww or Angel One?

Groww charges zero AMC, a clear and unconditional zero. Angel One uses a conditional AMC that is often free in the first year and can then become a recurring monthly charge. For predictable holding cost Groww is the simpler choice; verify Angel One's current AMC terms.

Does Angel One offer research that Groww does not?

Yes. Angel One bundles research, smart-money advisory and baskets aimed at guided investors. Groww is deliberately lean and self-directed. Choose Angel One if you want guidance in the app, and Groww if you prefer a simple, advice-free experience.

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