Is Groww cheaper than Zerodha?

Groww charges ₹20/trade or 0.1% (whichever is lower) on equity delivery, ₹20/trade or 0.1% (lower) on intraday, and ₹20/trade on F&O. Zerodha charges ₹0 (free), ₹20/trade or 0.03% (lower), and ₹20/trade. MTF interest: Groww at ~12.99% p.a. vs Zerodha at ~11.5% p.a..

Which broker is better for MTF — Groww or Zerodha?

Groww's MTF rate is ~12.99% p.a.. Zerodha's MTF rate is ~11.5% p.a.. On a ₹5 lakh position held 6 months, the cheaper broker saves thousands in interest. See the live MTF rate comparison at /mtf.

Groww vs Zerodha — Brokerage, MTF Rates & Features Compared (2026)

Side-by-side comparison of Groww and Zerodha across every charge and feature that matters to Indian retail traders. Data verified April 2026. Use the live MTF comparison for real-time rate checks.

Groww

groww

Mobile-first broker with large mutual fund base

Best for: Beginners, mutual-fund-first investors, mobile-only users

Zerodha

zerodha

India's largest discount broker by active clients

Best for: Serious long-term investors, F&O traders, Kite power users

Charges compared

Fee / Charge	Groww	Zerodha
Equity delivery	₹20/trade or 0.1% (whichever is lower)	₹0 (free)
Intraday	₹20/trade or 0.1% (lower)	₹20/trade or 0.03% (lower)
F&O (flat)	₹20/trade	₹20/trade
MTF interest (p.a.)	~12.99% p.a.	~11.5% p.a.
AMC (annual)	₹0 (free)	₹300/year

Groww — pros & cons

Pros

Zero annual maintenance charge
Clean, beginner-friendly mobile UX
Unified mutual fund + stocks + FD + gold
Fast account opening (under 10 min)

Cons

₹20/trade on delivery (not free like Upstox/Zerodha)
Limited advanced charting
No desktop terminal as polished as Kite

Zerodha — pros & cons

Pros

Largest user base — most liquid community
Kite 3 is a benchmark trading platform
Excellent educational content (Varsity)
Profitable, self-funded, no VC pressure

Cons

₹300 AMC (higher than peers)
No free call-and-trade
Onboarding slower than newer brokers

Which broker should you pick?

Pick Groww if you fit this profile: beginners, mutual-fund-first investors, mobile-only users.
Pick Zerodha if you fit this profile: serious long-term investors, f&o traders, kite power users.
Use the live MTF comparison to check the cheaper broker for the specific stock you want to margin-trade — rates vary per stock.
Run your expected monthly trading volume through the brokerage calculator to see actual all-in cost (brokerage + STT + exchange fees + GST).

Other broker comparisons

Dhan vs Groww Dhan vs Upstox Dhan vs Zerodha Groww vs Upstox Upstox vs Zerodha

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