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Zerodha or Groww?

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Deal Cadet
garg

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.

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Comrade Comrade
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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.... 

Benevolent Benevolent
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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

76 Comments  |  
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Deal Newbie Deal Newbie
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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. 

Post Tycoon Post Tycoon
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i also want to which one is good option present im using paytm money(using from a month)

Deal Lieutenant Deal Lieutenant
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Zerodha has fees. Groww opens demat account even if you only want mf investment. Both are good

Benevolent Benevolent
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afaik groww keeps mf in non demat form. have they changed it?
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Deal Subedar Deal Subedar
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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.

Deal Cadet Deal Cadet
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Zerodha

Comrade Comrade
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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.... 

Deal Cadet Deal Cadet
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What made you settle at Dhan ?
Deal Cadet Deal Cadet
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Zerodha

Finance Mentor Finance Mentor
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zerodha, mf, trading, demat, all in 1 account... and also mf in demat mode (future proof, as sebi wants)...

Deal Cadet Deal Cadet
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As zerodha keeps MF in demat, is there pros and cons to that too? Is groww better this way?



Deal Cadet Deal Cadet
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mstock only zero brokerage

Helpful Helpful
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Bad reviews, app is slow etc etc.

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Deal Newbie Deal Newbie
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Groww is very user friendly and UI is great. 

Helpful Helpful
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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.

Deal Cadet Deal Cadet
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As zerodha keeps MF in demat, is there pros and cons to that too? Is groww better this way?
Is INDmoney glitch free for FO trades, if and when the need arises?
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Deal Cadet Deal Cadet
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Zerodha or nothing. The opening fees and AMC are negligible and more than worth it in the long run.

Benevolent Benevolent
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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

Deal Cadet Deal Cadet
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As zerodha keeps MF in demat, is there pros and cons to that too? Is groww better this way?

What is the difference on charges between zerodha and groww?
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Post Emperor Post Emperor
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Groww anyday

PS - I have used both for 2 years +

Deal Newbie Deal Newbie
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Only until they add charges which they soon will
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Deal Cadet Deal Cadet
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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.

    Tech Guru Tech Guru
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    1) Just go to AMC's site and login there. You don't need Zerodha, Dhan to be able to do so.
    2) SIP using AMC's site is straight forward.
    View 3 more replies
    Deal Newbie Deal Newbie
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    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

    Deal Newbie Deal Newbie
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    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

    Deal Cadet Deal Cadet
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    Can you explain a bit more?

    Also, which is better for tax harvesting for 1 L each year?




    Deal Newbie Deal Newbie
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    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.

    Tech Guru Tech Guru
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    , F&O, etc -> These are safe things to do. You are not going in the right direction.

    Deal Cadet Deal Cadet
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    I meant that when I do trade in F&O in small amounts, a broker that is reliable. I understand it is very volatile.
    Deal Cadet Deal Cadet
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    Just out of curiosity, why no one is suggesting paytm money for mutual funds?

    Deal Newbie Deal Newbie
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    Because Paytm is a trash company & shouldn't be touched with a 1000 foot pole

    Unethical AF
    Generous Generous
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    Keep it simple and go with the best- Zerodha.

    Deal Brigadier Deal Brigadier
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    Zerodha even with glitch i will not prefer other options 

    Deal Cadet Deal Cadet
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    chose zerodha, thanks for your help everyone.

    Can we also open in groww for MF?

    Finance Mentor Finance Mentor
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    Stay with coin, seamlessly with zerodha, cut all soa, demat is future...

    Deal Newbie Deal Newbie
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    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)

    Deal Subedar Deal Subedar
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    Mstock has zero brokerage? On all segments? What about AMC?

    View 2 more replies
    Deal Newbie Deal Newbie
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    Dhan

    Beacon Beacon
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    Dhan has a trailing SL feature, which is very helpful for option trading.

    Deal Newbie Deal Newbie
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    How is upstox experience guys ?

    Deal Subedar Deal Subedar
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    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.

    Deal Cadet Deal Cadet
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    I think 300 is the amc
    Deal Newbie Deal Newbie
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    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.

    replyuser
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