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Kotak Securities Vs Upstox Vs Groww: Which one is better?

The brokerage of Kotak Securities ranges between Rs. 20 per order, the brokerage of Upstox ranges between Rs 20, while the brokerage of Groww ranges between Rs 20. The broker Upstox and Groww are a discount brokers where Kotak Securities is a full service broker. Overall rating for Kotak Securities is 4, Upstox is rated 4.5, Groww is rated 4 out of 5.

Here we present side-by-side comparison of Kotak Securities vs Upstox vs Groww stock brokers in India. The comparison is based on more than 100+ attributes for each stock broker. To be precise, we have compared Kotak Securities vs Upstox vs Groww on brokerage plans, Plan types, Customer Service, Maintenance fees, AMC, Trading Platforms, Rating, Reviews, Mobile App, Margin/Leverage/Exposure, Demat Account and Investment Options services. This will help you in make up your mind and clear things for you so that you can choose the best broker to open your trading and demat account. You can get answer for general question like which is better Kotak Securities vs Upstox vs Groww in this setion with 360 degree view of broker information.

Compare Kotak Securities vs Upstox vs Groww on Service

  Kotak Securities Compare
Kotak Securities
Upstox Compare
Upstox
Groww Compare
Groww
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type Full Service Broker Discount Broker Discount Broker
Exchanges Supported BSE, NSE, MCX, NCDEX NSE, BSE, MCX NSE, BSE
Broker Overview Kotak Securities is one of the leading stock brokers in India. From a comprehensive suite of trading and investing products to free intraday trading, multiple brokerage plans, a new-gen Neo web and app platform, cutting-edge trading tools, and expert... Know more about Kotak Securities 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 to invest in direct mutual funds for Free and trade in stocks at a Rs 20 flat fee! Also, its easy-to-use, crystal clear user interface, and safe & secure Groww app and web-based platform makes investing hassl... Know more about Groww
Broker Enquiry Request call back from Kotak Securities Request call back from Upstox Request call back from Zerodha
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Account Opening Charges and AMC

Compare Kotak Securities vs Upstox vs Groww on Trading & Demat Account Opening Charges

In this section we have compared Kotak Securities vs Upstox vs Groww on trading & demat account opening charges and AMC. Trading account opening charges - Kotak Securities and Groww offer Free account opening where Upstox charges Promotion offer: Free for account opeing. Demat AMC charges - Kotak Securities charges Rs 600 PA as AMC for Demat account, Upstox charges Free AMC for Demat account, where Groww charges Free AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Kotak Securities vs Upstox vs Groww
Charges Kotak Securities Upstox Groww
Trading Account Opening Fees Free Promotion offer: Free Free
Trading AMC Free Free Free
Demat Account Opening Fees Free Free Free
Demat AMC Rs 600 PA Free Free
Provide DP Service Yes Yes Yes
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About Brokerage Plans

Compare Kotak Securities vs Upstox vs Groww on Plan Options

Plans are the most important feature you look when compare Kotak Securities vs Upstox vs Groww. This section copare on high level about type of plans offered by brokers. Miltiple Plans - Kotak Securities offers Multiple Plans where Upstox and Groww doesn't offer. Monthlay Plans - All 3 brokers don't have Monthy Plans.

Compare Kotak Securities vs Upstox vs Groww on Plan Options
Plan Types Kotak Securities Upstox Groww
Multiple Plans Yes No No
Monthly Plans No No No
Yearly Plans No No No
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Account Opening Request

Account Opening

  Kotak Securities Upstox Zerodha
Account Opening Request
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Brokerage Charges

Compare Kotak Securities vs Upstox vs Growwon Brokerage Charges

Kotak Securities Brokerage Plan detail - Kotak Securities Trade Free Plan offers Free or Zero brokerage intraday trading in all segments whereas delivery trading is charged at 0.25% or Rs 20 whichever is higher. The plan is available for Rs 499 One Time fee.

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 Kotak Securities vs Upstox vs Groww
Brokerage Charges Compare Kotak Securities Upstox Groww
Plan Name Kotak Securities Trade Free Plan Max Rs 20 Per Order Trading Plan Flat Brokerage Plan
Equity Delivery 0.25% 2.5% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower
Equity Intraday Free 0.05% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower
Equity Futures Delivery: Flat fee Rs. 20 per order| Intraday: Fre 0.05% or Rs 20 whichever is lower Flat Fee Rs 20
Equity Options Delivery: Flat fee Rs. 20 per order| Intraday: Free Flat Fee Rs 20 Flat Fee Rs 20
Currency Futures Delivery: Flat fee Rs. 20 per order| Intraday: Fre 0.05% or Rs 20 whichever is lower Not Available
Currency Options Delivery: Flat fee Rs. 20 per order| Intraday: Fre Flat Fee Rs 20 Not Available
Commodity Trading Delivery: Flat fee Rs. 20 per order| Intraday: Fre Flat Fee Rs 20 Not Available
Minimum Brokerage Rs 21 per executed order
Hidden Charges No Info Not Available
Funding 12.49% interest PA Info Not Available NA
Call & Trade Charges 20 calls free and after that Rs 20 per call Rs 50 + 18% GST Rs 50 Per Executable Order
Auto Square off Charges 20 calls free and after that Rs 20 per call Rs 50 + 18% GST Rs 50 Per Executable Order
Brokerage Calculator Brokerage Calculator for Kotak Securities Brokerage Calculator for Upstox Brokerage Calculator for Groww
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Share Broker's Transaction Charges

Compare Kotak Securities vs Upstox vs Groww on Transaction Charges

Compare Kotak Securities vs Upstox vs Groww on transaction charges and PCM fee by segment.

Transaction Charges - Compare Kotak Securities vs Upstox vs Groww
Transaction Charges Compare Kotak Securities Upstox Groww
Equity Delivery NSE:335 Per Cr | BSE:375 Per Cr 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 NSE:335 Per Cr | BSE:375 Per Cr
Equity Futures NSE:200 Per Cr | BSE:FREE 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 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 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 NSE:4000 Per Cr | BSE:100 Per Cr
Commodity Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr Non-Agri: Rs 360 Per Cr | Agri: Rs 275 Per Cr NA
Brokerage Charges Complete Brokerage Plans for kotak-securities Complete Brokerage Plans for upstox Complete Brokerage Plans for groww
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Account Features

Compare Kotak Securities vs Upstox vs Groww on Account Features

Compare Kotak Securities vs Upstox vs Groww on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - Kotak Securities and Upstox offers 3-in-1 Account where Groww offers only 2-in-1 account which includes trading and demat account. Margin Funding -All 3 brokers offers Margin funding. Interest need to be paid on borrowed money. NRI Trading - Kotak Securities offers NRI Trading where Upstox and Groww doesn't offers NRI Trading.

Account Features - Kotak Securities vs Upstox vs Groww
Account Features Compare Kotak Securities Upstox Groww
3 in 1 Account Yes, Kotak Securities have 3-in-1 accounts. Bank Account, Demat and Trading account. Yes, Kotak Securities have 3-in-1 accounts. Bank Account, Demat and Trading account. No Groww have 2-in-1 account. Only Demate and Trading account.
Charting Yes Yes Yes
Algo Trading No Yes No
SMS Alerts Yes Yes No
Online Demo Yes Yes No
Online Portfolio Yes Yes Yes
Margin Trading Funding Available Yes Yes Yes
Combined Ledger for Equity and Commodity No Yes No
Intraday Square-off Time 3:15PM 3:15PM 3:10 PM
NRI Trading Yes No No
Other Features NIL NIL
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Trading Platform

Compare Kotak Securities vs Upstox vs Growwon Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Kotak Securities vs Upstox vs Groww. This comparison covers Desktop Trading Platform, Web, Mobile for Windows, Android and iOS. We have provided link for mobile app to download and demo links for easy access.

Trading Platform - Compare Kotak Securities vs Upstox vs Groww
Trading Platform Compare Kotak Securities Upstox Groww
Desktop Trading Platform Neo Upstox Pro Groww App
Desktop Demo Desktop Demo Info Not Available Info Not Available
Desktop Platform (Windows) Yes No No
Desktop Platform (Mac) No No No
Web Trading Platform Yes Yes Yes
Web Trading Detail

https://www.kotaksecurities.com/itrade/user/welcome.exe?action=chk_seckey_stat

https://pro.upstox.com/

Yes

Web Trading Demo Web Trading Demo Web Trading Demo Info Not Available
Mobile Site No Yes Yes
Mobile Trading Yes Yes Yes
Mobile Trading App Kotak Neo Upstox Groww App
Mobile Trading App Demo Kotak Neo Demo Upstox Demo Info Not Available
Android Mobile App Yes Yes Yes
Android App Download Andriod Kotak Neo Download Andriod Upstox Download Andriod Download
iPhone Mobile App (IOS) Yes Yes Yes
iOS App Download iOS Kotak Neo Download iOS Upstox Download iOS Groww App Download
Android Tablet App Yes Yes Yes
iPad App (IOS) Yes Yes Yes
Trading Software Charges Free Free Free
Equity Brokerage Calculator Equity Intraday and Delivery Brokerage Calculator for Kotak Securities Equity Intraday and Delivery Brokerage Calculator for Upstox Equity Intraday and Delivery Brokerage Calculator for Groww
Futures Brokerage Calculator Futures Brokerage Calculator for Kotak Securities Futures Brokerage Calculator for Upstox Futures Brokerage Calculator for Groww
Options Brokerage Calculator Options Brokerage Calculator for Kotak Securities Options Brokerage Calculator for Upstox Options Brokerage Calculator for Groww
Detail Detail on Trading Platforms for kotak-securities Detail on Trading Platforms for upstox Detail on Trading Platforms for groww

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Broker Ratings by Users

Compare Kotak Securities vs Upstox vs Groww on User Rating

  Kotak Securities Upstox Groww
  82 Customer Reviews    Rate Kotak Securities 12 Customer Reviews    Rate Upstox 8 Customer Reviews    Rate Groww
Fees Ratings
Trading Brokerage Rating
Trading Platform Usability
Customer Service Ratings
Overall Ratings
Broker Rating Kotak Securities is Rated 2.8 / 5 based on 82 customer reviews Upstox is Rated 3.7 / 5 based on 12 customer reviews Groww is Rated 4.3 / 5 based on 8 customer reviews
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Investment Offerings

Compare Kotak Securities vs Upstox vs Groww on Investment Offerings

Compare Kotak Securities vs Upstox vs Groww on Investment Offerings like Online IPO Application, 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 - All 3 brokers offers trading/investment in Equity and Equity Derivatives on both the exchanges NSE/BSE. Commodity Trading - Kotak Securities and Upstox offers Commodity Trading where Groww doesn't offers Commodity Trading. Online Mutual Fund Investment - All 3 brokers offers online mutual fund investment. Portfolio Management Services (PMS) - Kotak Securities offers PMS facility where Upstox and Groww doesn't offers PMS facility.

Investment Offerings - Compare Kotak Securities vs Upstox vs Groww
Investment Offerings Compare Kotak Securities Upstox Groww
Equity Cash and F&O Yes Yes Yes
Currency Deravitives Yes Yes No
Commodity Yes Yes No
Online IPO Application Yes Yes Yes
Mutual Funds Yes Yes Yes
Bond / NCD Yes No No
ETF Yes Yes Yes
Banking Yes No No
Insurance Yes No No
Forex No No No
MF SIP Investment Yes Yes Yes
Equity SIP Investment Yes Yes No
PMS Service Yes No No
Other Investment Options NIL NIL NIL
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Order Types

Compare Kotak Securities vs Upstox vs Groww on Order Types

Order Type - Compare Kotak Securities vs Upstox vs Groww on offerings of order types. All the broker provide CNC Order, MIS Order, NRML Order. Differance comes with advance order typle like cover order, bracket order, AMO and GTC order. Cover Orders (CO) - Kotak Securities and Upstox provides Cover Orders (CO) facility where Groww doesn't provides Cover Orders. Bracket Orders (BO) - Kotak Securities and Upstox provides Bracket Orders (BO) facility where Groww doesn't provides Bracket Orders. After Market Orders (AMO) - Kotak Securities and Upstox AMO facility where Groww doesn't provides AMO. GTC Orders - Kotak Securities and Upstox offers Good Till Cancelled (GTC) orders facility where Groww doesn't provides GTC.

Order Types - Compare Kotak Securities vs Upstox vs Groww
Order Type Compare Kotak Securities Upstox Groww
CNC order Yes Yes Yes
MIS order Yes Yes Yes
NRML order Yes Yes Yes
Cover order Yes Yes No
Bracket order Yes Yes No
AMO-After Market Orders Yes Yes No
GTC-Good Till Cancelled Yes Yes No
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Customer Service Offered

Compare Kotak Securities vs Upstox vs Groww on Customer Service

Compare Kotak Securities vs Upstox vs Groww on customer service offered by the broker. This section compare type of service offered by each broker for quick resoluation for queries/issue you have.

Customer Support - Compare Kotak Securities vs Upstox vs Groww
Customer Service Compare Kotak Securities Upstox Groww
24/7 Customer Service No No No
Email Support Yes Yes Yes
Onine Live Chat Yes Yes Yes
Phone Support Yes Yes Yes
Toll Free Number Yes No No
Through Branches Yes Yes No
Customer Care Number 1800 209 9191 +91 22 6130 9999 9108800604
Account Opening Process Online Online/Paperless Online
Customer Support Email [email protected] [email protected] [email protected]
Knowledge Center/Education https://www.kotaksecurities.com/ksweb/Research/Knowledge-Bank/Investment-Knowlegde-Bank https://upstox.com/help-center/ https://groww.in/academy
Head Office Address 27 BKC, C 27, G Block,
Bandra Kurla Complex,
Bandra (E), Mumbai 400051
Upstox Corporate Office
Sunshine Tower,
30th Floor,
Senapati Bapat Marg,
Dadar (W),
Mumbai - 400 013
Groww Head Office
1st Floor, Proms Complex, SBI Colony,
1 A Koramangala, 560034
Website https://www.kotaksecurities.com https://upstox.com/ https://groww.in/
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Tips/Research/Reports Published

Compare Kotak Securities vs Upstox vs Groww on Research Reports, Tips

Compare Kotak Securities vs Upstox vs Groww on research reports and tips provided by broker.

Research Reports - Compare Kotak Securities vs Upstox vs Groww
  Kotak Securities Upstox Groww
Research Mutual Funds Yes No No
Research Equity Reports Yes No No
Research ETF Yes No No
Daily Market Report Yes No No
Free Tips Yes No No
Quarterly Result Analysis Yes No No
News Alerts Yes No No
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Demat Account

Compare Kotak Securities vs Upstox vs Groww on Demat Account

Compare Kotak Securities vs Upstox vs Groww on Demat Service and Charges. This section cover about demat charges, demat service and other details

Demat Charges - Compare Kotak Securities vs Upstox vs Groww
  Kotak Securities Upstox Groww
DP Source CDSL CDSL CDSL
DP ID 49200 81800 No
Demat Account Annual Maintenance Charges(AMC) ₹780 pa ₹300 PA Zero
Advance Deposit NA NIL Nil
Statutory charges Nil Nil Legal Charges
Transaction Charges on Debit (Per ISIN) 0.04% (Min ₹27) + CDSL charges ₹13 + ₹5.50 CDSL charges ₹8 + ₹5.50 CDSL charges
Demat ₹3 per certificate + ₹50 courier charges ₹20 + ₹50 courier charges ₹150 per certificate + courier charges
Remat ₹10 for every hundred securities (Min ₹15) ₹100 for every hundred securities or ₹25 per certificate (whichever is higher) ₹150 per certificate + courier charges
Pledge Creation 0.05% of transaction value (Min ₹30) 0.02% of the transaction value (Min ₹50) + CDSL charges ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Creation Confirmation 0.05% of transaction value (Min ₹30) 0.02% of the transaction value (Min ₹50) + CDSL charges ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Closure 0.05% of transaction value (Min ₹30) 0.02% of the transaction value (Min ₹50) + CDSL charges ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Closure Confirmation 0.05% of transaction value (Min ₹30) 0.02% of the transaction value (Min ₹50) + CDSL charges ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Invocation 0.05% of transaction value (Min ₹30) 0.05% of the transaction value (Min ₹50) ₹20 + Rs. 12 per request (CDSL Charges)
Failed Instruction Charges Nil ₹50 ₹50
Other Charges Nil Nil Nil
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Special Offers,Advantages,Disadvantages

Compare Kotak Securities vs Upstox vs Groww on Special Offers and Promotion

Compare Kotak Securities vs Upstox vs Groww on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.

Compare Kotak Securities vs Upstox vs Groww on Special Offers and Promotion
  Kotak Securities Upstox Groww
Pay In and Pay Out Options Pay-in/adding funds - Cheque, Online Bank Transfer from Partnerbanks (ICIC Bank, Kotak Mahindra Bank, HDFC Bank, AXIS Bank, Citibank, Indusind Bank, Federal Bank, SBI Bank, ING Vysya Bank).
Pay-out/Fund Withdrawal - Bank Transfer only.
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 Upto 24 Hrs except Bank Holidays. Instant fund transfer with Kotak Mahindra Bank. Max 24 hrs except bank holidays Max 24 hrs except bank holidays
Bank Supported and Charges (ICIC Bank, Kotak Mahindra Bank, HDFC Bank, AXIS Bank, Citibank, Indusind Bank, Federal Bank, SBI Bank, ING Vysya Bank 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 Direct from your Kotak Mahindra bank account. HDFC Bank
Account Name - RKSV SECURITIES INDIA PVT.LTD.
Account Number -00600340067574
Account Type - Current
Account IFSC Code- HDFC0000060
NA
Likes
  • Wide range of products from equity to F&O, IPO, debt, mutual funds, SGBs, etc.
  • Minimal account opening charges
  • No brokerage intraday trading
  • Low-cost brokerage trading
  • Multiple platforms to trade on web, app, and desktop
  • StockCase: Experts recommended basket of stocks
  • Tools like equity screeners, TradingView charts, and Payoff analyzer
  • BNST: Buy Now Sell Tomorrow order
  • Bracket order, cover order, GTT, and aftermarket order
  • Intraday trading tips, short-term and long-term calls, derivative calls, equity investment ideas, and quarterly research reports from experts are available.
  • Margin trading facility (MTF) with dealer assisted trading
  • Kotak Traders Academy for beginners

Detail Review...

Before you open an Upstox account, check out the advantages on why to trade with Upstox.

  • No account opening charges and Zero Demat maintenance charge.
  • Cheapest flat brokerage of Rs 20 per order
  • Best platforms for traders and investors
  • Invest in mutual funds and IPOs for free.
  • Invest across global companies in 25+ countries.
  • Advanced orders like bracket order, cover order, AMO, and GTT order.
  • Advanced Pro web and mobile app-based trading platforms.
  • TradingView charts, multiple technical indicators, and drawing tools
  • Margin Trading Facility and margin against shares
  • Free API access
  • UpLearn free learning platform

Detail Review...

  • Trade or invest in equity, F&O, mutual funds, IPO, US Stocks
  • Rs 0 account opening fee with no AMC
  • Best UI Interface-enabled app and website
  • Equity and F&O trading at Rs 20 maximum brokerage
  • No cost investment in direct mutual funds.
  • TradingView charts and wide range of technical indicators
  • Advance orders like GTT, Target order, and Basket order
  • Get instant and flexible loans on Groww
  • Get the latest trending news and updates on the Groww Digest

Detail Review...

Dislikes
  • Its Trade free youth plan is only available for upto 30 years of age and that too is valid for 2 years only.
  • High brokerage in dealer-assisted plan (Delivery: 0.39%, Equity and commodity options: Rs 39 per lot)
  • Delivery trading is not free as charged with 0.25% brokerage.

Detail Review...

There are some setbacks or disadvantages also while trading with Upstox;

  • Unlike top brokers like Zerodha and Fyers, Upstox does not offer free delivery trading.
  • Upstox does not have unlimited monthly trading plan.
  • It does not provide stock trading tips and recommendations.
  • Does not offer NRI trading.
  • 24/7 customer service is not available.

Detail Review...

  • Does not offer commodity and currency trading
  • No desktop trading terminal
  • Bracket order and cover order are not available
  • No intraday trading tips and stock research reports
  • NRIs cannot open an account in Groww

Detail Review...

Special Offers/Promo Max Rs 20 for equity delivery, intraday, F&O, currency and commodities trades + Free Account Opening + Free Mutual Funds and IPOs
Enquire for Kotak Securities Enquire for Upstox Enquire for Groww

Last Updated on 2024-06-28T04:56:37+00:00