Angel One vs Groww vs Upstox - Charges, MTF & Features Compared (2026)
A neutral, side-by-side comparison of Angel One, Groww and Upstox across every charge that matters. For live per-stock MTF rates use the MTF comparison.
| Fee / Feature | Angel One | Groww | Upstox |
|---|---|---|---|
| Equity delivery | ₹20/trade or 0.1% (lower, min ₹5) | ₹20/trade or 0.1% (whichever is lower) | ₹20/order or 2.5% (whichever is lower) |
| Intraday | ₹20/trade or 0.1% (lower, min ₹5) | ₹20/trade or 0.1% (lower) | ₹20/trade or 0.05% (lower) |
| F&O | ₹20/trade | ₹20/trade | ₹20/trade |
| MTF interest (p.a.) | ~14.99% p.a. | ~14.95% p.a. | ~18.25% p.a. |
| AMC | ₹0 first year, then ₹240/year | ₹0 (free) | ₹150/year |
| Best for | Investors who want research and advisory bundled with low-cost trading | Beginners, mutual-fund-first investors, mobile-only users | Active traders wanting speed + good API access |
Angel One
Top-3 broker by clients - research + advisory alongside flat fees
Pros
- One of India's largest brokers (~7M+ clients)
- Free research, ARQ Prime advisory and stock ideas
- SmartAPI for algo trading
Cons
- Delivery is ₹20/0.1%, not free like Zerodha/Dhan
- ₹240/year AMC from the second year
Groww
Mobile-first broker with large mutual fund base
Pros
- Zero annual maintenance charge
- Clean, beginner-friendly mobile UX
- Unified mutual fund + stocks + FD + gold
Cons
- ₹20/trade on delivery (not free like Zerodha/Dhan)
- Limited advanced charting
Upstox
Flat-fee discount broker backed by Ratan Tata
Pros
- Flat ₹20 pricing across all segments
- Fast Upstox Pro Web + Mobile app
- Public Upstox V3 API - best among discount brokers
Cons
- Delivery is ₹20/order (free only for pre-Aug-2021 accounts)
- ₹150 AMC (vs free on some)