Zerodha vs Groww vs INDmoney 2025 - Brokerage Charges, Demat Account Opening Fee
Account Opening Fees
| Zerodha | Groww | INDmoney |
|---|---|---|
| ₹200 (Equity) + ₹100 (Commodity) | ₹0 (free) | ₹0 (free) |
Annual Maintenance Charges (AMC)
| Zerodha | Groww | INDmoney |
|---|---|---|
| ₹300/year | ₹0 (free) | ₹0 (free) |
Brokerage for Equity Delivery
| Zerodha | Groww | INDmoney |
|---|---|---|
| ₹0 (free) | ₹0 (free) | ₹0 (free) |
Brokerage for Equity Intraday
| Zerodha | Groww | INDmoney |
|---|---|---|
| ₹20 per executed order or 0.03% | ₹20 per executed order | ₹20 per executed order |
Brokerage for Option Trading
| Zerodha | Groww | INDmoney |
|---|---|---|
| ₹20 per order | ₹20 per order | ₹20 per order |
Brokerage for Futures Trading
| Zerodha | Groww | INDmoney |
|---|---|---|
| ₹20 per order | ₹20 per order | ₹20 per order |
Trading Platforms
| Zerodha | Groww | INDmoney |
|---|---|---|
| Kite (web, mobile) | Groww App (web, mobile) | INDmoney App (web, mobile) |
Customer Support
| Zerodha | Groww | INDmoney |
|---|---|---|
| Email, phone (business hours) | Email, chat (business hours) | Email, chat (business hours) |
Investment Options
| Zerodha | Groww | INDmoney |
|---|---|---|
| Equity, derivatives, commodities, mutual funds, bonds | Equity, mutual funds, US stocks | Equity, mutual funds, US stocks, ETFs |
Research & Advisory Services
| Zerodha | Groww | INDmoney |
|---|---|---|
| Basic charts, data | Limited research, news | Comprehensive research, advisory |
User Interface & Experience
| Zerodha | Groww | INDmoney |
|---|---|---|
| Simple, fast interface | Minimalist, easy-to-use design | Modern, intuitive interface |
Additional Features
| Zerodha | Groww | INDmoney |
|---|---|---|
| Coin (direct mutual funds), Console (reporting) | Integrated investment options (stocks + mutual funds) | Portfolio management tools, investment advisory |
Zerodha vs Groww vs INDmoney - Overall Summary
| Category | Zerodha | Groww | INDmoney |
|---|---|---|---|
| Account Opening Fees | ★★★★☆ | ★★★★★ | ★★★★★ |
| Annual Maintenance Charges (AMC) | ★★★☆☆ | ★★★★★ | ★★★★★ |
| Brokerage for Equity Delivery | ★★★★★ | ★★★★★ | ★★★★★ |
| Brokerage for Equity Intraday | ★★★★☆ | ★★★★☆ | ★★★★☆ |
| Brokerage for Option Trading | ★★★★☆ | ★★★★☆ | ★★★★☆ |
| Brokerage for Futures Trading | ★★★★☆ | ★★★★☆ | ★★★★☆ |
| Trading Platforms | ★★★★☆ | ★★★★☆ | ★★★★☆ |
| Customer Support | ★★★☆☆ | ★★★☆☆ | ★★★☆☆ |
| Investment Options | ★★★★★ | ★★★☆☆ | ★★★★☆ |
| Research & Advisory Services | ★★★☆☆ | ★★★☆☆ | ★★★★☆ |
| User Interface & Experience | ★★★★☆ | ★★★★☆ | ★★★★☆ |
| Additional Features | ★★★★☆ | ★★★☆☆ | ★★★★☆ |
*Above star rating is just for reference while comparing above brokers with each other. Above rating can be wrong as well and we do not take any liability for same.
Zerodha vs Upstox vs Groww: Comprehensive Comparison
When selecting a stock brokerage platform, investors often weigh various factors such as fees, services, and platform features. In this article, we compare three prominent brokerage services in India: Zerodha, Groww, and INDmoney. This comparison covers account opening fees, annual maintenance charges (AMC), brokerage costs, trading platforms, customer support, investment options, research services, and additional features.
Account Opening Fees
Zerodha charges ₹200 for equity trading and an additional ₹100 for commodity trading. In contrast, Groww and INDmoney offer free account openings, making them attractive options for cost-conscious investors.
Annual Maintenance Charges (AMC)
Zerodha imposes an AMC of ₹300 per year, whereas Groww and INDmoney do not charge any AMC, which can be a significant saving for long-term investors. This zero AMC policy from Groww and INDmoney may appeal to those looking to minimize annual expenses.
Brokerage for Equity Delivery
All three platforms—Zerodha, Groww, and INDmoney—offer equity delivery trading at no brokerage cost. This feature allows investors to buy and hold stocks without incurring additional charges on the delivery of shares.
Brokerage for Equity Intraday
For intraday trading, Zerodha, Groww, and INDmoney each charge ₹20 per executed order. Zerodha also offers an alternative pricing model of 0.03% of the trade value, which might be beneficial for high-volume traders.
Brokerage for Option and Futures Trading
When it comes to options and futures trading, all three platforms charge ₹20 per order. This uniformity ensures that investors do not face significant cost differences between these brokers for these trading segments.
Trading Platforms
Zerodha provides the Kite platform, accessible via both web and mobile applications, known for its simplicity and speed. Groww offers its trading services through the Groww App, which is also available on both web and mobile. INDmoney provides its services through the INDmoney App, which features a modern and intuitive interface. Each platform aims to deliver a seamless trading experience through their respective applications.
Customer Support
Zerodha offers customer support through email and phone during business hours. Groww provides support via email and chat during business hours. INDmoney similarly offers support through email and chat, ensuring that users have access to help when needed.
Investment Options
Zerodha supports a wide range of investment options including equity, derivatives, commodities, mutual funds, and bonds. Groww focuses on equity, mutual funds, and US stocks, while INDmoney offers a broader range including equity, mutual funds, US stocks, and ETFs. This diversity in investment options allows investors to diversify their portfolios according to their preferences and goals.
Research & Advisory Services
In terms of research and advisory services, Zerodha provides basic charts and data. Groww offers limited research and news, while INDmoney stands out with its comprehensive research and advisory services. This makes INDmoney a strong contender for those seeking in-depth investment insights and advice.
User Interface & Experience
Zerodha's Kite platform is noted for its simple and fast interface. Groww's app features a minimalist and easy-to-use design. INDmoney is recognized for its modern and intuitive interface, which enhances the user experience for traders and investors.
Additional Features
Zerodha provides additional features such as Coin for direct mutual funds and Console for reporting. Groww integrates stocks and mutual funds within its platform. INDmoney offers portfolio management tools and investment advisory services, adding value for investors who need more advanced features to manage their investments effectively.
Conclusion
Each of the three platforms—Zerodha, Groww, and INDmoney—has its own strengths. Zerodha is known for its comprehensive range of investment options and cost-effective trading charges. Groww stands out with its zero account opening fee and zero AMC policy, along with a user-friendly interface. INDmoney offers a wide array of investment options and advanced research services, making it a robust choice for serious investors. Ultimately, the best platform for you will depend on your specific needs, preferences, and trading style.