Brokers · Zerodha vs Groww
Zerodha vs Groww: which demat account is better in 2026
Zero AMC simplicity versus platform depth. Cost-first, disclosed, and informational, not a recommendation to open any specific account.
The verdict
Both Zerodha and Groww charge zero delivery brokerage and a flat 20 rupees per order on F&O, so the deciding factor is cost of holding versus depth of tooling: Groww wins for a beginner with its zero AMC, while Zerodha wins for an active trader with its deeper platform despite a 300 rupees yearly AMC.
BazaarBaaziSource & method
Which suits whomZerodha 82 · Groww 78
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 (zero amc simplicity versus platform depth); the factor breakdown below shows exactly how it is built.
Best for
Zerodha
Active traders and long-term investors who want the deepest tooling and ecosystem.
Cost-fit score
82 / 100
Strengths
- Free equity delivery and a mature, stable platform (Kite) trusted at scale.
- Deepest ecosystem: Console reporting, Coin for direct mutual funds, Sentinel alerts, Varsity learning.
- Largest active client base in India, which signals long-run reliability and liquidity of support.
Trade-offs
- Charges a 300 per year AMC, where some newer rivals advertise a lower or zero maintenance plan.
- Onboarding and support can feel slower at peak times given the sheer client volume.
Best for
Groww
First-time investors who want the simplest app and the lowest cost of holding.
Cost-fit score
78 / 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.
The comparison, side by sideIndicative 2026
Charges are the published flat-fee structures of Zerodha and Groww 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.
| Zerodha | Groww | |
|---|---|---|
| Account opening | Free (online equity) | Free |
| Annual maintenance (AMC)The recurring cost of simply holding the demat account. | 300 per year | Zero AMC |
| Equity deliveryBrokerage on buy-and-hold equity. Statutory charges still apply. | Zero brokerage | Zero brokerage |
| Equity intraday | 20 per order or 0.03 percent, whichever is lower | 20 per order or 0.1 percent, whichever is lower |
| Futures and optionsPer executed order. Statutory charges (STT, exchange, GST) are the same across brokers. | 20 per executed order | 20 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.
Zerodha · 82 / 100
Groww · 78 / 100
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 Groww?
If the Groww 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 Zerodha versus Groww call, distilled and schema-marked for AI Overview, Perplexity, and reader search.
Is Zerodha or Groww cheaper?
On trades they are level: both charge zero brokerage on equity delivery and a flat 20 rupees per executed order on intraday and F&O. The difference is the holding cost. Groww charges zero annual maintenance, while Zerodha charges 300 rupees per year, so for simply holding a small portfolio Groww is cheaper.
Which is better for a beginner, Zerodha or Groww?
Groww is usually the easier start for a complete beginner thanks to its simple app, zero AMC and one-flow stocks-and-funds experience. Zerodha suits a beginner who expects to become an active trader and wants room to grow into deeper tooling.
Which is better for F&O, Zerodha or Groww?
Both charge the same flat 20 rupees per executed order on F&O, so the brokerage is identical. Zerodha is generally preferred by active options traders for its deeper charting, reporting and alerts, while the statutory charges (STT, exchange, GST) are the same on either platform.
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