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Zerodha Vs Alice Blue Vs Groww: Which one is better?

The brokerage of Zerodha ranges between Rs 20, the brokerage of Alice Blue ranges between Rs 15, while the brokerage of Groww ranges between Rs 20. All 3 brokers are discount brokers. Overall rating for Zerodha is 4.5, Alice Blue is rated 4, Groww is rated 4 out of 5.

Here we present side-by-side comparison of Zerodha vs Alice Blue 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 Zerodha vs Alice Blue 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 Zerodha vs Alice Blue vs Groww in this setion with 360 degree view of broker information.

Compare Zerodha vs Alice Blue vs Groww on Service

  Zerodha Compare
Zerodha
Alice Blue Compare
Alice Blue
Groww Compare
Groww
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type Discount Broker Discount Broker Discount Broker
Exchanges Supported NSE, BSE, MCX BSE, NSE, MCX, NCDEX NSE, BSE
Broker Overview Zerodha is India's number 1 discount broker offering free equity and mutual fund investment, Rs 20 flat brokerage trading, and user-friendly Kite trading platform. Trade smarter with Alice Blue! Yes, its Rs 15 maximum brokerage, free equity and mutual fund investment, top-rated ANT trading platforms, and plethora of learning resources make it an excellent broker for beginners and seasoned traders. 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 Zerodha Request call back from Alice Blue Request call back from Zerodha
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Account Opening Charges and AMC

Compare Zerodha vs Alice Blue vs Groww on Trading & Demat Account Opening Charges

In this section we have compared Zerodha vs Alice Blue vs Groww on trading & demat account opening charges and AMC. Trading account opening charges - Alice Blue and Groww offer Free account opening where Zerodha charges Online Rs 200 (Eq+Curr), Rs 300 (Eq+Curr+Com) for account opeing. Demat AMC charges - Zerodha charges Rs 300 PA as AMC for Demat account, Alice Blue charges Rs 400 PA AMC for Demat account, where Groww charges Free AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Zerodha vs Alice Blue vs Groww
Charges Zerodha Alice Blue Groww
Trading Account Opening Fees Online Rs 200 (Eq+Curr), Rs 300 (Eq+Curr+Com) Free Free
Trading AMC Free Free Free
Demat Account Opening Fees Free Free Free
Demat AMC Rs 300 PA Rs 400 PA Free
Provide DP Service Yes Yes Yes
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About Brokerage Plans

Compare Zerodha vs Alice Blue vs Groww on Plan Options

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

Compare Zerodha vs Alice Blue vs Groww on Plan Options
Plan Types Zerodha Alice Blue Groww
Multiple Plans No Yes No
Monthly Plans No No No
Yearly Plans No No No
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Account Opening Request

Account Opening

  Zerodha Alice Blue Zerodha
Account Opening Request
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Brokerage Charges

Compare Zerodha vs Alice Blue vs Growwon Brokerage Charges

Zerodha Brokerage Plan detail - Zerodha charges Rs 20 or .03%, whichever is lower, for equity Intraday, F&O, commodity and currency on NSE, BSE and MCX. No upfront brokerage or turnover commitments on your trade. Rs 20 is the maximum brokerage you need to pay per executable order. Zero brokerage on equity delivery trading.

Alice Blue Brokerage Plan detail - Lowest Brokerage Plan - Max Rs 15 per Trade for Equity Intraday, Derivatives, Currency and Commodities. From May 2021, the F20 plan becomes the F15 plan.

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 Zerodha vs Alice Blue vs Groww
Brokerage Charges Compare Zerodha Alice Blue Groww
Plan Name Max Rs 20 per order Trading Plan F15 Plan Flat Brokerage Plan
Equity Delivery Free Free 0.05% or Rs 20 whichever is lower
Equity Intraday 0.03% or Rs 20 whichever is lower 0.05% or Rs 15 whichever is lower 0.05% or Rs 20 whichever is lower
Equity Futures 0.03% or Rs 20 whichever is lower 0.05% or Rs 15 whichever is lower Flat Fee Rs 20
Equity Options Flat Fee Rs 20 Flat Fee Rs 15 Flat Fee Rs 20
Currency Futures 0.03% or Rs 20 whichever is lower 0.05% or Rs 15 whichever is lower Not Available
Currency Options Flat Fee Rs 20 Flat Fee Rs 15 Not Available
Commodity Trading Flat Fee Rs 20 Flat Fee Rs 15 Not Available
Minimum Brokerage NIL NA
Hidden Charges No No
Funding Info Not Available Yes - 24% interest PA NA
Call & Trade Charges Rs 50 Per Executable Order Rs 50 per order + GST Rs 50 Per Executable Order
Auto Square off Charges Rs 50 Per Executable Order Rs 50 per order + GST Rs 50 Per Executable Order
Brokerage Calculator Brokerage Calculator for Zerodha Brokerage Calculator for Alice Blue Brokerage Calculator for Groww
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Share Broker's Transaction Charges

Compare Zerodha vs Alice Blue vs Groww on Transaction Charges

Compare Zerodha vs Alice Blue vs Groww on transaction charges and PCM fee by segment.

Transaction Charges - Compare Zerodha vs Alice Blue vs Groww
Transaction Charges Compare Zerodha Alice Blue 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 zerodha Complete Brokerage Plans for alice-blue Complete Brokerage Plans for groww
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Account Features

Compare Zerodha vs Alice Blue vs Groww on Account Features

Compare Zerodha vs Alice Blue vs Groww on Account Features like 3-in-1 account, Algo Trading, NRI Trading, Margin Trading Funding and many more. Account Type - Zerodha offers 3-in-1 Account where Alice Blue and Groww offers only 2-in-1 account which includes trading and demat account. Margin Funding - Groww offers margin funding where Zerodha and Alice Blue doesn't offers margin funding. NRI Trading - Zerodha and Alice Blue offers NRI Trading where Groww doesn't offers NRI Trading.

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

Compare Zerodha vs Alice Blue vs Growwon Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Zerodha vs Alice Blue 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 Zerodha vs Alice Blue vs Groww
Trading Platform Compare Zerodha Alice Blue Groww
Desktop Trading Platform Kite By Zerodha ANT - Analyse and Trade Groww App
Desktop Demo Info Not Available Info Not Available Info Not Available
Desktop Platform (Windows) No Yes No
Desktop Platform (Mac) No No No
Web Trading Platform Yes Yes Yes
Web Trading Detail

Yes

Web Trading Demo Web Trading Demo Info Not Available Info Not Available
Mobile Site Yes Yes Yes
Mobile Trading Yes Yes Yes
Mobile Trading App Zerodha Kite ANT Mobile Groww App
Mobile Trading App Demo Zerodha Kite Demo ANT Mobile Demo Info Not Available
Android Mobile App Yes Yes Yes
Android App Download Andriod Zerodha Kite Download Andriod ANT Mobile Download Andriod Download
iPhone Mobile App (IOS) Yes Yes Yes
iOS App Download iOS Zerodha Kite Download iOS ANT Mobile 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 Zerodha Equity Intraday and Delivery Brokerage Calculator for Alice Blue Equity Intraday and Delivery Brokerage Calculator for Groww
Futures Brokerage Calculator Futures Brokerage Calculator for Zerodha Futures Brokerage Calculator for Alice Blue Futures Brokerage Calculator for Groww
Options Brokerage Calculator Options Brokerage Calculator for Zerodha Options Brokerage Calculator for Alice Blue Options Brokerage Calculator for Groww
Detail Detail on Trading Platforms for zerodha Detail on Trading Platforms for alice-blue Detail on Trading Platforms for groww

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Broker Ratings by Users

Compare Zerodha vs Alice Blue vs Groww on User Rating

  Zerodha Alice Blue Groww
  160 Customer Reviews    Rate Zerodha 8 Customer Reviews    Rate Alice Blue 8 Customer Reviews    Rate Groww
Fees Ratings
Trading Brokerage Rating
Trading Platform Usability
Customer Service Ratings
Overall Ratings
Broker Rating Zerodha is Rated 3.9 / 5 based on 160 customer reviews Alice Blue is Rated 2.1 / 5 based on 8 customer reviews Groww is Rated 4.3 / 5 based on 8 customer reviews
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Investment Offerings

Compare Zerodha vs Alice Blue vs Groww on Investment Offerings

Compare Zerodha vs Alice Blue 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 - Zerodha and Alice Blue 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) - All 3 brokers doesn't offer PMS facility.

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

Compare Zerodha vs Alice Blue vs Groww on Order Types

Order Type - Compare Zerodha vs Alice Blue 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) - Zerodha and Alice Blue provides Cover Orders (CO) facility where Groww doesn't provides Cover Orders. Bracket Orders (BO) - Alice Blue provides Bracket Orders (BO) facility where Zerodha and Groww doesn't provides Bracket Orders. After Market Orders (AMO) - Zerodha and Alice Blue AMO facility where Groww doesn't provides AMO. GTC Orders - Zerodha offers Good Till Cancelled (GTC) orders facility where Alice Blue and Groww doesn't provides GTC.

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

Compare Zerodha vs Alice Blue vs Groww on Customer Service

Compare Zerodha vs Alice Blue 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 Zerodha vs Alice Blue vs Groww
Customer Service Compare Zerodha Alice Blue Groww
24/7 Customer Service No No No
Email Support Yes No Yes
Onine Live Chat No Yes Yes
Phone Support Yes Yes Yes
Toll Free Number No No No
Through Branches Yes Yes No
Customer Care Number "+ 91 80 4040 2020" 08035215000/080-45490850 9108800604
Account Opening Process Online/Paperless Online/Paperless Online
Customer Support Email [email protected] [email protected] [email protected]
Knowledge Center/Education https://zerodha.com/varsity/ https://tradeschool.aliceblueonline.com/ https://groww.in/academy
Head Office Address Zerodha Headquater
#153/154 4th Cross Dollars Colony,
Opp. Clarence Public School,
J.P Nagar 4th Phase,
Bangalore - 560078
Alice Blue,
No. 153/2,
3rd Floor,M.R.B.Arcade,
Bagalur Main Road,
Dwaraka Nagar,
Yelahanka,
Bangalore - 560063
Groww Head Office
1st Floor, Proms Complex, SBI Colony,
1 A Koramangala, 560034
Website https://zerodha.com/ https://www.aliceblueonline.com https://groww.in/
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Tips/Research/Reports Published

Compare Zerodha vs Alice Blue vs Groww on Research Reports, Tips

Compare Zerodha vs Alice Blue vs Groww on research reports and tips provided by broker.

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

Compare Zerodha vs Alice Blue vs Groww on Demat Account

Compare Zerodha vs Alice Blue vs Groww on Demat Service and Charges. This section cover about demat charges, demat service and other details

Demat Charges - Compare Zerodha vs Alice Blue vs Groww
  Zerodha Alice Blue Groww
DP Source CDSL CDSL CDSL
DP ID 81600 83500 No
Demat Account Annual Maintenance Charges(AMC) ₹300 pa ₹400 pa Zero
Advance Deposit Nil Rs 0 Nil
Statutory charges ₹50 Rs 150 Stamp Charges Legal Charges
Transaction Charges on Debit (Per ISIN) ₹8 + ₹5.50 (CDSL Charges) per transaction 0.04% of the value of the transaction ₹8 + ₹5.50 CDSL charges
Demat ₹150 per certificate + ₹100 courier charges ₹10 per certificate + ₹50 courier charges ₹150 per certificate + courier charges
Remat ₹150 per certificate + ₹100 courier charges + CDSL Charges ₹30 per certificate + CDSL charges ₹150 per certificate + courier charges
Pledge Creation ₹20 + ₹12 CSDL charges ₹20 + CDSL charges ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Creation Confirmation Nil Nil ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Closure ₹20 + ₹12 CSDL charges ₹20 + CDSL charges ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Closure Confirmation Nil Nil ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Invocation ₹20 ₹20 + CDSL charges ₹20 + Rs. 12 per request (CDSL Charges)
Failed Instruction Charges ₹50 per instraction Nil ₹50
Other Charges Nil Nil Nil
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Special Offers,Advantages,Disadvantages

Compare Zerodha vs Alice Blue vs Groww on Special Offers and Promotion

Compare Zerodha vs Alice Blue vs Groww on general features, advantages, disadvantages, pay out options, payout time, bank supported and charges, special offers and promotion.

Compare Zerodha vs Alice Blue vs Groww on Special Offers and Promotion
  Zerodha Alice Blue Groww
Pay In and Pay Out Options pay-in/adding funds - Cheque, UPI, Online Bank Transfer via IMPS, NEFT or RTGS, Netbanking from Kite
Pay-out/Fund Withdrawal - Bank Transfer only
Pay-in/adding funds - Cheque, Online Bank Transfer via IMPS,NEFT or RTGS, UPI, Netbanking/Payment Gateway from Alice Blue Mobile, ANT Desk and ANY Web application.
Pay-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 for bank holidays Upto 24 Hrs except Bank Holidays. Max 24 hrs except bank holidays
Bank Supported and Charges Around 25 banks allow instant credit facility with charges of Rs 9 from zerodha trading platform (kite/PI). Around 21 banks allow instant credit facility(Payment Gateway) with charges of Rs 9+GST from Alice Blue trading platforms. Around 25 banks allow instant credit facility with charges of Rs 9 from Groww trading platform.
Bank Detail HDFC Bank
Account#ZERNSE
Branch: Sandoz Branch, Mumbai
IFSC Code:HDFC0000240
Aliceblue Financial Services,
Account Number:ABFNSEXXXXXXXX
Bank and Branch: HDFC Bank,Sathy Road,Erode
Account Type: Current Account
IFSC Code: HDFC0000232
NA
Likes

You will enjoy many benefits or advantages while trading with Zerodha;

  • Rs 0 brokerage on investment in stocks
  • Flat Rs 20 intraday and F&O trades
  • Invest in direct mutual funds for free
  • Instant and paperless account opening and closure
  • Mainboard and SME IPO Apply via UPI
  • Modern platforms and apps for free of cost
  • Varsity, a free stock market learning platform
  • No upfront fee required
  • Advance orders; Basket order, Cover order (CO), After market order, GTT, etc.
  • Zero-level Debt Company.

Detail Review...

  • Trade on NSE, BSE, and MCX
  • No brokerage on equity, IPO, and mutual funds
  • Zero account opening charges
  • Pay Rs 15/order brokerage
  • Free Inuvest Advisory services and trading insights across segments
  • TradingView charts, lots of technical indicators, stock and F&O screeners.
  • Stock SIP in equity
  • Great technology platforms for trading and investment
  • Free access to ANT API
  • Strong PAN India Presence
  • Dedicated mutual fund investment app
  • TradeSchool (Web and app) a free stock market education platform
  • Place bracket order, cover order, and basket order.
  • Margin Trading facility (MTF)

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
  • Does not offer Lifetime free AMC account
  • No intraday tips, equity research and advisory
  • No unlimited zero brokerage plan for intraday traders
  • No 3-in-1 account
  • Bracket order is not offered by Zerodha
  • No Installable trading terminal
  • Zerodha has a separate platform for every investment product i.e., Kite for stocks, coin for mutual fund, Golden Pi for bonds, etc.
  • Software glitches in Kite happens at certain times.

Detail Review...

  • No NRI Trading
  • No zero brokerage unlimited trading plan
  • No installable trading terminal
  • Alice blue mutual fund app (Rise) is not available on App store.
  • No GTT Order
  • Sometimes, its platform experienced technical glitches.

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 Zero Brokerage for Equity Delivery and Zero Commission on Mutual Fund Investment (Direct Mutual Funds), Pay max Rs 20 for equity intraday, F&O, currency and commodity trading. No Hidden Charges.
Enquire for Zerodha Enquire for Alice Blue Enquire for Groww

Last Updated on 2024-04-29T00:49:37+00:00