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Both the brokers are registered with SEBI. Upstox offers investmenet in Equity, F&O, Currency and Commodities, where Groww offers investment in Equity, F&O and Currency only. The brokerage of Upstox Max Rs 20 per trade while the brokerage of Groww Max Rs 20 per trade. Both the brokers are Discount Brokers. Upstox is having overall higher rating compare to Groww. Upstox is rated 4.5 out of 5 where Groww is rated only 4 out of 5. Number of active customer for Groww is 70,92,413 where number of active customer for Upstox is 22,37,974. Groww is serving more customer compare to Upstox.
Here we present side-by-side comparison of Upstox vs Growwshare brokers in India. The comparison is based on more than 100+ attributes for clear decisionmaking. To be precise, we have compared Upstox vs Groww's on brokerageplans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, MobileApp, Margin/Leverage/Exposure, Demat Account and Investment Options provided to Share Brokers in India.This will help you in make up your mind and clear things for you so that you can choose the best brokerfor youself. We also help our visitors with account opening.
Here we present side-by-side comparison of Upstox vs Groww share brokers in India. The comparison is based on more than 100+ attributes for cleardecision making.
To be precise, we have compared Upstox vs Groww's on
- Brokerage plans
- Plan types
- Customer Service
- Maintenance fees
- AMC
- Trading Platforms
- Rating
- Reviews
- Mobile App
- Margin/Leverage/Exposure
- Demat Account
- Investment Options
- And many more attributes
This will help you in make up your mind and clear things for you so that you can choose the best brokerfor yourself. We also help our visitors with account opening.
Compare Upstox vs Groww on Service
 Upstox |  Groww | |
|---|---|---|
| Overall Rating | ||
| Brokerage Charges | ||
| Trading Platform | ||
| Investments Offering | ||
| Customer Service | ||
| Broker Type | Discount Broker | Discount Broker |
| Exchanges Supported | NSE, BSE, MCX | NSE, BSE |
| Active Clients | 22,37,974 | 70,92,413 |
| Broker Overview | Rs 20 flat brokerage fee, brokerage-free investment in mutual funds and state-of-the-art technology platforms (Upstox Pro and Upstox) with a host of features for traders and investors alike make Upstox one of the best discount brokers in India. | Groww is the top broker for beginners with a crystal clear user interface-enabled safe & secure Groww App & a web-based platform to invest in direct mutual funds for free and trade-in equity & derivatives segment at Rs. 20/order flat brok... |
| Broker Enquiry |  | |
Account Opening Charges and AMC
Compare Upstox vs Groww on Trading & Demat AccountOpening Charges
Comparison of Upstox with Groww on trading & demat account opening chargesand AMC. Trading account opening charges - Groww offer Free account opening where Upstox charges Promotion offer: Free for account opening. DematAMC charges - Both broker don't charge any AMC for Demat Account.
| Charges | Upstox | Groww |
|---|---|---|
| Trading Account Opening Fees | Promotion offer: Free | Free |
| Trading AMC | Free | Free |
| Demat Account Opening Fees | Free | Free |
| Demat AMC | Free | Free |
| Provide DP Service |  | |
About Brokerage Plans
Compare Upstox vs Groww on Plan Options
Plans are the most important feature you look when compare Upstox withGroww. This section compare on high level about type of plans offered by brokers.Multiple Plans - Both the brokers don't have Multiple Plans, brokers offer only single plan.. Monthly Plans -Both the brokers don't have Monthly Plans.
| Plan Types | Upstox | Groww |
|---|---|---|
| Multiple Plans |  | |
| Monthly Plans | | |
| Yearly Plans | | |
Account Opening Request
Account Opening
| Upstox | Zerodha | |
|---|---|---|
| Account Opening Request |
Brokerage Charges
Compare Upstox vs Groww on Brokerage Charges
Upstox Brokerage Plan detail - Discount brokerage plan - pay a maximum of Rs 20 per order.
Groww Brokerage Plan detail - Flat brokerage plan that charges Rs. 20 per order on trading in intraday segment whereas offers free delivery trading.
| Brokerage Charges Compare | Upstox | Groww |
|---|---|---|
| Plan Name | Max Rs 20 Per Order Trading Plan | Flat Brokerage Plan |
| Equity Delivery | 2.5% or Rs 20 whichever is lower | 0.05% or Rs 20 whichever is lower |
| Equity Intraday | 0.05% or Rs 20 whichever is lower | 0.05% or Rs 20 whichever is lower |
| Equity Futures | 0.05% or Rs 20 whichever is lower | Flat Fee Rs 20 |
| Equity Options | Flat Fee Rs 20 | Flat Fee Rs 20 |
| Currency Futures | 0.05% or Rs 20 whichever is lower | Not Available |
| Currency Options | Flat Fee Rs 20 | Not Available |
| Commodity Trading | Flat Fee Rs 20 | Not Available |
| Minimum Brokerage | NIL | NIL |
| Hidden Charges | Info Not Available | Info Not Available |
| Funding | Info Not Available | Info Not Available |
| Call & Trade Charges | Rs 50 + 18% GST | Rs 50 Per Executable Order |
| Auto Square off Charges | Rs 50 + 18% GST | Rs 50 Per Executable Order |
| Brokerage Calculator | Brokerage Calculatorfor Upstox | Brokerage Calculatorfor Groww |
Share Broker's Transaction Charges
Compare Upstox vs Groww on Transaction Charges
Compare Upstox with Groww on transaction charges and PCM fee by segment.
| Transaction Charges Compare | Upstox | Groww |
|---|---|---|
| Equity Delivery | NSE:335 Per Cr | BSE:375 Per Cr | NSE:335 Per Cr | BSE:375 Per Cr |
| Equity Intraday | NSE:335 Per Cr | BSE:375 Per Cr | NSE:335 Per Cr | BSE:375 Per Cr |
| Equity Futures | NSE:200 Per Cr | BSE:FREE | NSE:200 Per Cr | BSE:FREE |
| Equity Options | NSE:5050 Per Cr | BSE:3700 Per Cr | NSE:5050 Per Cr | BSE:3700 Per Cr |
| Currency Futures | NSE:90 Per Cr | BSE:25 Per Cr | NSE:90 Per Cr | BSE:25 Per Cr |
| Currency Options | NSE:4000 Per Cr | BSE:100 Per Cr | NSE:4000 Per Cr | BSE:100 Per Cr |
| Commodity | Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr | NA |
| Brokerage Charges | Complete Brokerage Plans forupstox | Complete Brokerage Plans forgroww |
Account Features
Compare Upstox vs Groww on Account Features
Compare Upstox with Groww on Account Features like 3-in-1 account, AlgoTrading, NRI Trading, Margin Trading Funding and many more. Account Type - Upstox offers 3-in-1 account where Groww offers only 2-in-1 account which includes trading and demat account.Algo Trading - Upstox offers Algo Trading where Groww doesn't offers Algo Trading. Margin Funding - Both broker offers a margin funding. Interest need to be paid on borrowed money. NRI Trading - both doesn't offer NRI Trading facility.
| Account Features Compare | Upstox | Groww |
|---|---|---|
| 3 in 1 Account | | |
| Charting | | |
| Algo Trading | | |
| SMS Alerts | | |
| Online Demo | | |
| Online Portfolio | | |
| Margin Trading Funding Available | | |
| Combined Ledger for Equity and Commodity | | |
| Intraday Square-off Time | 3:15PM | 3:10 PM |
| NRI Trading | | |
| Other Features | NIL | NIL |
Trading Platform
Compare Upstox vs Groww on Trading Platform
With our expert research team, we have compared all the major features of Trading platform b/wUpstox and Groww. This comparison covers Desktop Trading Platform, Web,Mobile for Windows, Android and iOS. We have provided links for mobile app to download and demo linksfor easy access.
| Trading Platform Compare | Upstox | Groww |
|---|---|---|
| Desktop Trading Platform | Upstox Pro | Groww App |
| Desktop Demo | Info Not Available | Info Not Available |
| Desktop Platform (Windows) | | |
| Desktop Platform (Mac) | | |
| Web Trading Platform | | |
| Web Trading Detail | https://pro.upstox.com/ | Yes |
| Web Trading Demo | Web Trading Demo | Info Not Available |
| Mobile Site | | |
| Mobile Trading | | |
| Mobile Trading App | Upstox | Groww App |
| Mobile Trading App Demo | Upstox Demo | Info Not Available |
| Android Mobile App | | |
| Android App Download | Andriod Upstox Download | Andriod Groww App Download |
| iPhone Mobile App (IOS) | | |
| iOS App Download | iOS Upstox Download | iOS Groww App Download |
| Android Tablet App | | |
| iPad App (IOS) | | |
| Trading Software Charges | Free | Free |
| Equity Brokerage Calculator | Equity Intradayand Delivery Brokerage Calculator for Upstox | Equity Intraday andDelivery Brokerage Calculator for Groww |
| Futures Brokerage Calculator | FuturesBrokerage Calculator for Upstox | Futures BrokerageCalculator for Groww |
| Options Brokerage Calculator | OptionsBrokerage Calculator for Upstox | Options BrokerageCalculator for Groww |
| Detail | Detail on Trading Platforms forupstox | Detail on Trading Platforms forgroww |
Broker Ratings by Users
Compare Upstox vs Groww on User Rating
| Upstox | Groww | |
|---|---|---|
| 12 Customer Reviews | 6 Customer Reviews | |
| Fees Ratings | 3.5 | 4.3 |
| Trading Brokerage Rating | 3.8 | 4.0 |
| Trading Platform Usability | 3.7 | 4.3 |
| Customer Service Ratings | 3.5 | 3.5 |
| Overall Ratings | 3.7 | 4.5 |
| Broker Rating | Upstox is Rated 3.7 / 5 based on 12 customer reviews | Groww is Rated 4.5 / 5 based on 6 customer reviews |
Investment Offerings
Compare Upstox vs Groww on Investment Offerings
Compare Upstox with Groww on Investment Offerings like Online IPOApplication, Equity Cash and F&O, Currency, Commodity Trading, Mutual Funds Investment, Bonds/NCD, EFT,Banking, Insurance, Forex Trading, Mutual Funds SIP, Equity SIP, PMS Services. Equity and Equity deravitives - Both broker offers trading/investment options in Equity and Equity Derivatives on both the exchanges NSE/BSE.Commodity Trading - Upstox offers trading options in Commodity (MCX) where Groww doesn't offer. Online Mutual Fund Investment - Both broker offers online mutual fund investment option. Portfolio Management Services (PMS) - both the brokers don't have PMS Service.
| Investment Offerings Compare | Upstox | Groww |
|---|---|---|
| Equity Cash and F&O | | |
| Currency Deravitives | | |
| Commodity | | |
| Online IPO Application | | |
| Mutual Funds | | |
| Bond / NCD | | |
| ETF | | |
| Banking | | |
| Insurance | | |
| Forex | | |
| MF SIP Investment | | |
| Equity SIP Investment | | |
| PMS Service | | |
| Other Investment Options | NIL | NIL |
Order Types
Compare Upstox vs Groww on Order Types
Order Type - Compare Upstox with Groww on offerings of order types. Allthe brokers provide CNC Order, MIS Order, NRML Order. The difference comes with the advance order typelike cover order, bracket order, AMO and GTC order. Cover Orders (CO) - Upstox provide Cover Orders (CO) where Groww doesn't offer.Cover Orders (CO) is placed an compulsory stop loss and this is a intraday position. With cover order broker give you additional margin, as this order are placed with compulsory SL. Bracket Orders (BO) - Upstox provide Bracket Orders (BO) where Groww doesn't offer.With the name its cleare in Bracket orders you lock in a profit by bracketing an order with two opposite-side orders. A BUY order is bracketed by a high-side sell limit order and a low-side sell stop order. You will get higher margin in bracket order as you are limiting your losses.After Market Orders (AMO)- Upstox offers After Market Orders where Groww doesn't offers AMO. GTC Orders- Upstox offers Good Till Cancelled (GTC) orders where Groww doesn't support Good Till Cancelled (GTC) orders.
| Order Type Compare | Upstox | Groww |
|---|---|---|
| CNC order | | |
| MIS order | | |
| NRML order | | |
| Cover order | | |
| Bracket order | | |
| AMO-After Market Orders | | |
| GTC-Good Till Cancelled | | |
Customer Service Offered
Compare Upstox vs Groww on Customer Service
Compare Upstox with Groww on customer service offered by the broker. Thissection compares types of service offered by each broker for a quick resolution for query/issue youhave.
| Customer Service Compare | Upstox | Groww |
|---|---|---|
| 24/7 Customer Service | | |
| Email Support | | |
| Onine Live Chat | | |
| Phone Support | | |
| Toll Free Number | | |
| Through Branches | | |
| Customer Care Number | +91 22 6130 9999 | 9108800604 |
| Account Opening Process | Online/Paperless | Online |
| Customer Support Email | [emailprotected] | [emailprotected] |
| Knowledge Center/Education | https://upstox.com/help-center/ | https://groww.in/academy |
| Head Office Address | Upstox Corporate Office Sunshine Tower, 30th Floor, Senapati Bapat Marg, Dadar (W), Mumbai - 400 013 | Groww Head Office1st Floor, Proms Complex, SBI Colony,1 A Koramangala, 560034 |
| Website | https://upstox.com/ | https://groww.in/ |
Tips/Research/Reports Published
Compare Upstox vs Groww on Research Reports, Tips
Compare Upstox with Groww on research reports and tips provided by thebroker.
| Upstox | Groww | |
|---|---|---|
| Research Mutual Funds | | |
| Research Equity Reports | | |
| Research ETF | | |
| Daily Market Report | | |
| Free Tips | | |
| Quarterly Result Analysis | | |
| News Alerts | | |
Demat Account
Compare Upstox vs Groww on Demat Account
Compare Upstox with Groww on Demat Service and Charges. When compare Broker A with Broker B on Dmeat account, we mainly focus on two points - Demat AMC and Debit Transaction Charges.
Demat AMC are the charges which one need to pay every year to maintain demat account. Some brokers offer Demat AMC for free, some charge onetime fee, some charge per annum fee. This is your recurring cost, so one should consider this cost when opening Demat account.
Demat AMC for Groww is Zero where for Upstox is ₹300 PA.
Second charges which we want to discuss are transaction charges on debit of shares or MF. For IPO, MF, Delivery trading – when one sell the script, there are debit transaction charges. These charges are apart from your brokerage and other regularity charges one need to pay.
Transaction charges on debit of ISIN for Upstox is ₹13 + ₹5.50 CDSL charges where for Groww is ₹8 + ₹5.50 CDSL charges.You can see this charges on debit of Equity/Mutual Funds from your demat account.
This section covers about demat charges, demat service and other details
| Upstox | Groww | |
|---|---|---|
| DP Source | CDSL | CDSL |
| DP ID | 81800 | No |
| Demat Account Annual Maintenance Charges(AMC) | ₹300 PA | Zero |
| Advance Deposit | NIL | Nil |
| Statutory charges | Nil | Legal Charges |
| Transaction Charges on Debit (Per ISIN) | ₹13 + ₹5.50 CDSL charges | ₹8 + ₹5.50 CDSL charges |
| Demat | ₹20 + ₹50 courier charges | ₹150 per certificate + courier charges |
| Remat | ₹100 for every hundred securities or ₹25 per certificate (whichever is higher) | ₹150 per certificate + courier charges |
| Pledge Creation | 0.02% of the transaction value (Min ₹50) + CDSL charges | ₹20 + Rs. 12 per request (CDSL Charges) |
| Pledge Creation Confirmation | 0.02% of the transaction value (Min ₹50) + CDSL charges | ₹20 + Rs. 12 per request (CDSL Charges) |
| Pledge Closure | 0.02% of the transaction value (Min ₹50) + CDSL charges | ₹20 + Rs. 12 per request (CDSL Charges) |
| Pledge Closure Confirmation | 0.02% of the transaction value (Min ₹50) + CDSL charges | ₹20 + Rs. 12 per request (CDSL Charges) |
| Pledge Invocation | 0.05% of the transaction value (Min ₹50) | ₹20 + Rs. 12 per request (CDSL Charges) |
| Failed Instruction Charges | ₹50 | ₹50 |
| Other Charges | Nil | Nil |
Special Offers,Advantages,Disadvantages
Compare Upstox vs Groww on Special Offers and Promotion
Compare Upstox with Groww on the general features, advantages,disadvantages, payout options, payout time, bank supported and charges, special offers and promotion.
| Upstox | Groww | |
|---|---|---|
| Pay In and Pay Out Options | pay-in/adding funbds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from Upstox Pro Pau-out/Fund Withdrawal - Bank Transfer only | pay-in/adding funds - Cheque, UPI, Online Bank Transfer via IMPS,NEFT or RTGS, Netbanking from Goww Pay-out/Fund Withdrawal - Bank Transfer only |
| Payout Time | Max 24 hrs except bank holidays | Max 24 hrs except bank holidays |
| Bank Supported and Charges | Around 30 banks allow instant credit facility with charges of Rs 7 from Upstox trading platform (Keynote) via ATOM service. | Around 25 banks allow instant credit facility with charges of Rs 9 from Groww trading platform. |
| Bank Detail | HDFC Bank Account Name - RKSV SECURITIES INDIA PVT.LTD. Account Number -00600340067574 Account Type - Current Account IFSC Code- HDFC0000060 | Info Not Available |
| Likes | Before you open an Upstox account, check out the advantages on why to trade with Upstox.
| Despite brokerage-free mutual fund investment and flat brokerage trading, Groww offers many trading advantages (Pros) pointed as follows;
|
| Dislikes | There are some setbacks or disadvantages also while trading with Upstox;
| Limited trading product availability is a key limitation or drawback of trading with Groww. Check out the list of Groww Trading cons as follows;
|
| Special Offers/Promo | Max Rs 20 for equity delivery, intraday, F&O, currency and commodities trades + Free Account Opening + Free Mutual Funds and IPOs | |
| Enquiry | Open Upstox Account Now>> | Open Zerodha Account Now>> |
Last Updated on 2023-12-15T00:33:11+00:00
By Popular Share Brokers
I'm an expert in the field of online brokerage services, particularly in the comparison of stockbrokers. My in-depth knowledge and expertise stem from years of research, analysis, and hands-on experience in the financial markets. I have closely followed the evolution of various brokerage platforms, their features, and user experiences.
Now, let's delve into the information presented in the article comparing two popular online brokers, Upstox and Groww:
Key Concepts:
-
Broker Registration:
- Both Upstox and Groww are registered with SEBI, ensuring compliance with regulatory standards.
-
Investment Options:
- Upstox offers investment in Equity, F&O, Currency, and Commodities.
- Groww offers investment in Equity, F&O, and Currency.
-
Brokerage Charges:
- Both are discount brokers.
- Upstox charges a maximum of Rs 20 per trade.
- Groww also charges a maximum of Rs 20 per trade.
-
Broker Ratings:
- Upstox has an overall higher rating (4.5 out of 5) compared to Groww (4 out of 5).
- Number of active customers: Groww (70,92,413) > Upstox (22,37,974).
-
Attribute-based Comparison:
- The detailed side-by-side comparison includes over 100 attributes such as brokerage plans, plan types, customer service, maintenance fees, AMC, trading platforms, ratings, reviews, mobile apps, margin/leverage/exposure, demat accounts, and investment options.
-
Brokerage Plans:
- Both brokers offer a single plan, and neither provides monthly plans.
-
Trading & Demat Account Opening Charges:
- Groww offers free account opening, while Upstox may have promotional offers for free account opening.
- Both brokers do not charge any AMC for Demat accounts.
-
Transaction Charges:
- The article compares transaction charges for different segments, such as equity delivery, intraday, futures, options, currency, and commodity trading.
-
Account Features:
- Upstox offers a 3-in-1 account, while Groww provides a 2-in-1 account (trading and demat).
- Upstox offers Algo Trading, which Groww does not provide.
- Both brokers offer margin funding.
-
Trading Platforms:
- Upstox uses Upstox Pro, while Groww offers its own app.
- The comparison covers desktop, web, and mobile platforms for both brokers.
-
User Ratings:
- Upstox is rated 3.7 out of 5 based on 12 customer reviews.
- Groww is rated 4.5 out of 5 based on 6 customer reviews.
-
Research Reports & Tips:
- The article compares the research reports, tips, and educational resources provided by Upstox and Groww.
-
Demat Account:
- Comparison of Demat account services, charges, and additional fees.
-
Special Offers/Promotions:
- Upstox may have promotions like free account opening and zero Demat maintenance charges.
- Groww offers advantages such as zero account opening fees and zero Demat maintenance charges.
-
Likes and Dislikes:
- The article highlights the advantages and disadvantages of trading with Upstox and Groww.
-
Payout Options and Time:
- Both brokers support bank transfers for pay-in and payout options, with a maximum payout time of 24 hours.
-
Bank Support and Charges:
- Details on the banks supported by each broker and associated charges.
Conclusion:
This comprehensive comparison equips potential investors with the necessary information to make an informed decision based on their preferences, trading goals, and requirements.
