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Zerodha Vs SBICAP Securities Vs Groww: Which one is better?

The brokerage of Zerodha ranges between Rs 20, the brokerage of SBICAP Securities ranges between .05 to 0.50%, while the brokerage of Groww ranges between Rs 20. The broker Zerodha and Groww are discount brokers where SBICAP Securities is a full service broker. Overall rating for Zerodha is 4.5, SBICAP Securities is rated 4, Groww is rated 4 out of 5.

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

Compare Zerodha vs SBICAP Securities vs Groww on Service

  Zerodha Compare
Zerodha
SBICAP Securities Compare
SBICAP Securities
Groww Compare
Groww
Overall Rating
Brokerage Charges
Trading Platform
Investments Offering
Customer Service
Broker Type Discount Broker Full Service Broker Discount Broker
Exchanges Supported NSE, BSE, MCX NSE, BSE NSE, BSE
Broker Overview Zerodha is India's leading discount broker offering free equity and mutual fund investment, Rs 20 flat brokerage trading, and a user-friendly Kite trading platform. Open a Demat & Trading Account with India’s leading SBI bank-based full-service broker, SBI Securities. A comprehensive range of products, an integrated 3-in-1 account, easy-to-use mobile app and website, fundamental and technical research ...Know more about SBICAP Securities 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 Zerodha Request call back from Zerodha
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Account Opening Charges and AMC

Compare Zerodha vs SBICAP Securities vs Groww on Trading & Demat Account Opening Charges

In this section we have compared Zerodha vs SBICAP Securities vs Groww on trading & demat account opening charges and AMC. Trading account opening charges - Zerodha charges Online Rs 200 (Eq+Curr), Rs 300 (Eq+Curr+Com) for account opening, SBICAP Securities charges Rs 850 for account opeing, and Groww charges Free for account opeing. Demat AMC charges - Zerodha charges Rs 300 PA as AMC for Demat account, SBICAP Securities charges Rs 500 PA AMC for Demat account, where Groww charges Free AMC for Demat account.

Trading & Demat Account Opening Charges - Compare Zerodha vs SBICAP Securities vs Groww
Charges Zerodha SBICAP Securities Groww
Trading Account Opening Fees Online Rs 200 (Eq+Curr), Rs 300 (Eq+Curr+Com) Rs 850 Free
Trading AMC Free Free Free
Demat Account Opening Fees Free Free Free
Demat AMC Rs 300 PA Rs 500 PA Free
Provide DP Service Yes Yes Yes
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About Brokerage Plans

Compare Zerodha vs SBICAP Securities vs Groww on Plan Options

Plans are the most important feature you look when compare Zerodha vs SBICAP Securities vs Groww. This section copare on high level about type of plans offered by brokers. Miltiple Plans - All 3 brokers don't have Multiple Plans, brokers offer only single plan. Monthlay Plans - All 3 brokers don't have Monthy Plans.

Compare Zerodha vs SBICAP Securities vs Groww on Plan Options
Plan Types Zerodha SBICAP Securities Groww
Multiple Plans No No No
Monthly Plans No No No
Yearly Plans No No No
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Account Opening Request

Account Opening

  Zerodha Zerodha Zerodha
Account Opening Request
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Brokerage Charges

Compare Zerodha vs SBICAP Securities 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.

SBICAP Securities Brokerage Plan detail - This is a standard plan by SBI Securities. This is a fixed percentage-based brokerage plan. Brokerage is between .05% to .5%, which is 5 paisa to 50 paise.

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 SBICAP Securities vs Groww
Brokerage Charges Compare Zerodha SBICAP Securities Groww
Plan Name Max Rs 20 per order Trading Plan Standard or default brokerage plan Flat Brokerage Plan
Equity Delivery Free 0.50% 0.05% or Rs 20 whichever is lower
Equity Intraday 0.03% or Rs 20 whichever is lower 0.05% 0.05% or Rs 20 whichever is lower
Equity Futures 0.03% or Rs 20 whichever is lower 0.05% Flat Fee Rs 20
Equity Options Flat Fee Rs 20 Rs 100 Per Lot Flat Fee Rs 20
Currency Futures 0.03% or Rs 20 whichever is lower 0.03% Not Available
Currency Options Flat Fee Rs 20 Rs 30 Per Lot Not Available
Commodity Trading Flat Fee Rs 20 Rs. 100 per lot Not Available
Minimum Brokerage NIL Rs 0.05 for Cash, Rs 0.01 Future
Hidden Charges No Info Not Available
Funding Info Not Available Yes - 24% interest PA NA
Call & Trade Charges Rs 50 Per Executable Order Free First 30 calls per month, after Rs 10 per call - Max 3 scripts can be trade per call. Rs 50 Per Executable Order
Auto Square off Charges Rs 50 Per Executable Order First Free 30 per month, after Rs 10 per square-off Rs 50 Per Executable Order
Brokerage Calculator Brokerage Calculator for Zerodha Brokerage Calculator for SBICAP Securities Brokerage Calculator for Groww
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Share Broker's Transaction Charges

Compare Zerodha vs SBICAP Securities vs Groww on Transaction Charges

Compare Zerodha vs SBICAP Securities vs Groww on transaction charges and PCM fee by segment.

Transaction Charges - Compare Zerodha vs SBICAP Securities vs Groww
Transaction Charges Compare Zerodha SBICAP Securities 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 NA NA
Brokerage Charges Complete Brokerage Plans for zerodha Complete Brokerage Plans for sbicap-securities Complete Brokerage Plans for groww
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Account Features

Compare Zerodha vs SBICAP Securities vs Groww on Account Features

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

Account Features - Zerodha vs SBICAP Securities vs Groww
Account Features Compare Zerodha SBICAP Securities Groww
3 in 1 Account No Zerodha have 2-in-1 account. Only Demate and Trading account. Yes, Zerodha 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 Yes No No
SMS Alerts No Yes No
Online Demo Yes Yes No
Online Portfolio Yes Yes Yes
Margin Trading Funding Available No No Yes
Combined Ledger for Equity and Commodity Yes No No
Intraday Square-off Time 3:20 PM 3:15PM 3:10 PM
NRI Trading Yes Yes No
Other Features NIL Trading software terminal: ODIN Diet NIL
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Trading Platform

Compare Zerodha vs SBICAP Securities vs Growwon Trading Platform

With our expert research team, we have compared all the major features of Trading platform b/w Zerodha vs SBICAP Securities 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 SBICAP Securities vs Groww
Trading Platform Compare Zerodha SBICAP Securities Groww
Desktop Trading Platform NA SBISMART XPRESS - NextTrader Groww App
Desktop Demo Info Not Available Desktop Demo Info Not Available
Desktop Platform (Windows) No Yes No
Desktop Platform (Mac) No No No
Web Trading Platform Yes Yes Yes
Web Trading Detail

Zerodha Kite Web

https://login1.sbismart.com/nidp/app/login

Yes

Web Trading Demo Web Trading Demo Web Trading Demo Info Not Available
Mobile Site Yes No Yes
Mobile Trading Yes Yes Yes
Mobile Trading App Zerodha Kite App SBISMART Groww App
Mobile Trading App Demo Zerodha Kite App Demo SBISMART Demo Info Not Available
Android Mobile App Yes Yes Yes
Android App Download Andriod Zerodha Kite App Download Andriod SBISMART Download Andriod Download
iPhone Mobile App (IOS) Yes Yes Yes
iOS App Download iOS Zerodha Kite App Download iOS SBISMART 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 SBICAP Securities Equity Intraday and Delivery Brokerage Calculator for Groww
Futures Brokerage Calculator Futures Brokerage Calculator for Zerodha Futures Brokerage Calculator for SBICAP Securities Futures Brokerage Calculator for Groww
Options Brokerage Calculator Options Brokerage Calculator for Zerodha Options Brokerage Calculator for SBICAP Securities Options Brokerage Calculator for Groww
Detail Detail on Trading Platforms for zerodha Detail on Trading Platforms for sbicap-securities Detail on Trading Platforms for groww

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Broker Ratings by Users

Compare Zerodha vs SBICAP Securities vs Groww on User Rating

  Zerodha SBICAP Securities Groww
  160 Customer Reviews    Rate Zerodha 78 Customer Reviews    Rate SBICAP Securities 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 SBICAP Securities is Rated 2.7 / 5 based on 78 customer reviews Groww is Rated 4.3 / 5 based on 8 customer reviews
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Investment Offerings

Compare Zerodha vs SBICAP Securities vs Groww on Investment Offerings

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

Compare Zerodha vs SBICAP Securities vs Groww on Order Types

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

Order Types - Compare Zerodha vs SBICAP Securities vs Groww
Order Type Compare Zerodha SBICAP Securities 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 Yes No
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Customer Service Offered

Compare Zerodha vs SBICAP Securities vs Groww on Customer Service

Compare Zerodha vs SBICAP Securities 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 SBICAP Securities vs Groww
Customer Service Compare Zerodha SBICAP Securities Groww
24/7 Customer Service No No No
Email Support Yes Yes Yes
Onine Live Chat No No Yes
Phone Support Yes Yes Yes
Toll Free Number No Yes No
Through Branches Yes Yes No
Customer Care Number "+ 91 80 4040 2020" 022 6854 5555 9108800604
Account Opening Process Online/Paperless Offline Online
Customer Support Email [email protected] [email protected] [email protected]
Knowledge Center/Education https://zerodha.com/varsity/ https://www.sbismart.com/education 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
SBICAP SECURITIES LTD.,
A&B WING, MARATHON FUTUREX
12TH FLOOR, N.M.JOSHI MARG
LOWER PAREL,
MUMBAI - 400013
Groww Head Office
1st Floor, Proms Complex, SBI Colony,
1 A Koramangala, 560034
Website https://zerodha.com/ https://www.sbismart.com https://groww.in/
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Tips/Research/Reports Published

Compare Zerodha vs SBICAP Securities vs Groww on Research Reports, Tips

Compare Zerodha vs SBICAP Securities vs Groww on research reports and tips provided by broker.

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

Compare Zerodha vs SBICAP Securities vs Groww on Demat Account

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

Demat Charges - Compare Zerodha vs SBICAP Securities vs Groww
  Zerodha SBICAP Securities Groww
DP Source CDSL CDSL CDSL
DP ID 81600 19300 No
Demat Account Annual Maintenance Charges(AMC) ₹300 pa ₹500 Zero
Advance Deposit Nil 0 for all Nil
Statutory charges ₹50 Nil Legal Charges
Transaction Charges on Debit (Per ISIN) ₹8 + ₹5.50 (CDSL Charges) per transaction 0.01% of the transaction value (Min ₹21 and Max ₹300) ₹8 + ₹5.50 CDSL charges
Demat ₹150 per certificate + ₹100 courier charges ₹5 per certificate + ₹35 courier charges ₹150 per certificate + courier charges
Remat ₹150 per certificate + ₹100 courier charges + CDSL Charges ₹35 per certificate + CDSL Charges ₹150 per certificate + courier charges
Pledge Creation ₹20 + ₹12 CSDL charges 0.02% of transaction value or Min ₹25 whichever is higher + CSDL charges ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Creation Confirmation Nil 0.02% of transaction value or Min ₹25 whichever is higher + CSDL charges ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Closure ₹20 + ₹12 CSDL charges 0.02% of transaction value or Min ₹25 whichever is higher + CSDL charges ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Closure Confirmation Nil 0.02% of transaction value or Min ₹25 whichever is higher + CSDL charges ₹20 + Rs. 12 per request (CDSL Charges)
Pledge Invocation ₹20 0.02% of transaction value or Min ₹25 whichever is higher + CSDL charges ₹20 + Rs. 12 per request (CDSL Charges)
Failed Instruction Charges ₹50 per instraction ₹10 ₹50
Other Charges Nil Nil Nil
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Special Offers,Advantages,Disadvantages

Compare Zerodha vs SBICAP Securities vs Groww on Special Offers and Promotion

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

Compare Zerodha vs SBICAP Securities vs Groww on Special Offers and Promotion
  Zerodha SBICAP Securities 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 SBISmart Mobile, SBISMART XPRESS Desktop and SBISMART 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). Direct to SBI Bank. 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
Direct to SBI bank account NA
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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 BSE, NSE, and MCX.
  • Instant paperless 3-in-1 account opening with SBI Bank.
  • Free web and app-based trading platforms.
  • Invest in IPO, mutual funds, insurance, and get loans.
  • Place upto 5 IPO applications from a single bank account.
  • Comprehensive fundamental and technical research services across asset classes.
  • Free trading tips and recommendations.
  • Educative blogs, and videos as a learning source.
  • Margin trading services.
  • Advance orders; bracket order (BO), Cover order (CO), and after market order (AMO).
  • Place Good Till Date (GTD) order.

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...

  • It charges high brokerage than other brokers like Zerodha, Upstox, etc.
  • It does not provide any desktop trading software for pro traders.
  • The first 30 calls & trade orders are free and then, Rs. 10 per order + GST fee is charged.
  • It doesn’t have any fixed/flat discount brokerage plan.
  • Customers are not satisfied with the SBI Securities services.

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 SBICAP Securities Enquire for Groww

Last Updated on 2024-05-23T05:55:42+00:00