Groww is scummy, I'd prefer Zerodha anyday. But for MF, I'd suggest MFCentral or Kuvera.
Groww will treat you like another money making data line in a database, Zerodha treats you like a customer.
Hi, I researched on these and wanted to know what my fellow dimers think of these two, pros and cons, from their experiences.
I want to invest more in MF Direct plans, and maybe some stocks, F&O, etc. nothing too high, only a beginner. Safety is also a big concern, as I plan to do long term investment, and/or SIP in MFs.
Is there some other equally good option too?
Your opinions are valuable to me, thanks.
Apply for Ipo via Upstox : https://upstox.com/open-demat-a...nt
Groww is scummy, I'd prefer Zerodha anyday. But for MF, I'd suggest MFCentral or Kuvera.
Groww will treat you like another money making data line in a database, Zerodha treats you like a customer.
i also want to which one is good option present im using paytm money(using from a month)
Zerodha has fees. Groww opens demat account even if you only want mf investment. Both are good
Groww is more user friendly.
But for intraday traders, zerodha kite is the way to go. Looks cool, multiple options for Buy/sell. can keep track of stocks sold and calculate MTM as well.
Zerodha
U can try.... Dhan... Was using groww..... Now using dhan from last 6 months.... Quite happy with the experience..... I have used groww, indmoney, groww, upstock and angelone..., share.market by phonepe
.. Finally settled on dhan....
Zerodha
zerodha, mf, trading, demat, all in 1 account... and also mf in demat mode (future proof, as sebi wants)...
mstock only zero brokerage
Bad reviews, app is slow etc etc.
Groww is very user friendly and UI is great.
I use zerodha, INDmoney, have my family account in groww and Motilal Oswal.
If you are beginner and don't do lots of trade, then go with free account like Groww or INDmoney. If you trade more on intraday, F&O then you need glitch free ones but still Zerodha would be ok. Whenever there is a market crash Zerodha have issue, in recent small cap meltdown my app was not logging in, during last volatility period I had invested huge in FO,. unfortunately because of broker(zerodha) I lost some money due to glitches, login issues.
Let me know if you need referal for any of them. INDmoney is giving some referral bonus I guess and have option to buy US stocks, also have option to track all assets, which I feel good (tracking in one place) and bad 😞 (privacy is data leaked), but it's optional to link the data.
Zerodha or nothing. The opening fees and AMC are negligible and more than worth it in the long run.
Use Zerodha for simplicity (cons: has fees 300 AMC + otp on each sell order/day)
use dhan for lowest charges (cons: very new + some feature might not be present + not so user friendly)
use Groww for user friendly (cons: little charges on stocks)
I am using all 3, and personally i like Groww more
Groww anyday
PS - I have used both for 2 years +
Thank you all for your responses and feedback.
As zerodha keeps MF in demat, is there pros and cons to that too? Is groww better this way?
Can we easily set up sip for MF in both? and buy and sell these MF easily as well?
What is the difference on charges between zerodha and groww for trade? I understand that MF direct will still be free.
I understand for account opening 200 and 300/year for AMC which are minimal for trading account- in zerodha, and free in groww.
If investing in stock and MF, not trading go with Groww, and if the safe side and fully trading or stock go with Zerodha
In future groww is also added charges, so don't see charges, in the word no any thing is free, like expamle Paytm and Credit card now start charges
Zerodha is the most profitable entity and has its own rupees, whenever Groww is running investor rupees like paytm no owner
Zerodha doesn't have STP feature, It is a deal breaker for me, I currently have my mf investments in zerodha coin so I don't want to go through the hassle of shifting brokers. If I was to start fresh, I would've choose groww solely for the STP feature. Zerodha however promised me stp in a few weeks so let's see.
STP = Systematic Transfer Plan
It means one can keep excess money in liquid fund and do sip to any other fund of same fund house directly from the liquid fund, so no need to do it manually and involve bank statement records.
Stocks - Zerodha
MF - Groww
I have both and i prefer Zerodha
Although it has annual charges but equity brokerage is Free in zerodha
I prefer the UI of zerodha plus have more trust in it.
, F&O, etc -> These are safe things to do. You are not going in the right direction.
Just out of curiosity, why no one is suggesting paytm money for mutual funds?
Keep it simple and go with the best- Zerodha.
Zerodha even with glitch i will not prefer other options
chose zerodha, thanks for your help everyone.
Can we also open in groww for MF?
Stay with coin, seamlessly with zerodha, cut all soa, demat is future...
After using a lot of brokers for years, finally zeroed on Mstock (for daily trading with Zero brokerage) and Dhan (for Delivery, MTF, MF, ETF, F&O strategy, Commodity with Rs10 brokerage)
Mstock has zero brokerage? On all segments? What about AMC?
Dhan
Dhan has a trailing SL feature, which is very helpful for option trading.
How is upstox experience guys ?
I've been using hdfc and zerodha. Hdfc has lots of charges, but money gets debited instantly for any purchase. In zerodha, I have to add funds to the zerodha account first before purchasing stocks.
I thought 300 was the only charge apart from small brokerage fee for each transaction in zerodha. When did they start charging AMC? By the way, I think mf transactions are free in zerodha.
I prefer Dhan for its incredible features. No AMC, No A/c opening charges. Single margin requirements for both equity and commodity UNLIKE Zerodha, Upstox etc.
U can try.... Dhan... Was using groww..... Now using dhan from last 6 months.... Quite happy with the experience..... I have used groww, indmoney, groww, upstock and angelone..., share.market by phonepe
.. Finally settled on dhan....
Use Zerodha for simplicity (cons: has fees 300 AMC + otp on each sell order/day)
use dhan for lowest charges (cons: very new + some feature might not be present + not so user friendly)
use Groww for user friendly (cons: little charges on stocks)
I am using all 3, and personally i like Groww more