Groww vs Upstox 2024 : Detailed Comparison
|GROWW
Groww is the brand name for Nextbillion Technology Private Limited, a
SEBI-registered stockbroker and member of the NSE and BSE. Groww, founded in
2016, began as a direct mutual fund investing platform. In the mid-2020s, Groww
expanded its product offering to include equity trading. Other investing alternatives
available to users include digital gold, US stocks, and fixed deposits. Groww charges
a lesser fee of Rs 20 or 0.05% each performed deal. You pay a maximum of Rs 20
as brokerage for an order, regardless of quantity or value. Groww provides free
mutual fund services, including no expenses for investing or redeeming mutual
funds.Groww’s proprietary trading platform, Groww (web and mobile trading app),
provides its investors with a flawless trading experience.
UPSTOX
The UPSTOX trading platform provides trading, analysis, charting, and a
variety of other advanced trading capabilities. This platform makes it simple to place
orders using mobile devices and online browsers. Upstox’s trading platform is based
on Omnisys NEST OMS (Order Management System) and RMS (Risk Management
System). Upstox Pro allows you to trade equity F&O, equity intraday, commodities,
and currency derivatives. Upstox Pro is the premium version of Upstox for
traders.Investors such as GVK Davix, Kalaari Capital, and Ratan Tata support
Upstox. UPSTOCKS established in 2009 ( then known as RKSV).
Groww vs Upstox
Groww , ounded in 2016, is a discount broker. It supports trading on the NSE and
BSE. It has 0 branches in India.while Upstox, founded in 2012, is a discount broker. It
offers trading on the BSE, NSE, and MCX. It operates four branches across India.
Groww | Upstox | |
Year of Establishment | 2016 | 2009/2012 |
Number of Branches | Not have any branches,it is a online trading platform,head office banglore India | 4 |
Exchange of Membership | NSE , BSE, SENSEX AND NIFTY | NSE, BSE AND MCX |
Broker Type | Discount broker | Discount broker |
GROWW VS UPSTOX CHARGES
Charges | Groww | Upstox |
Trade and call charge | Additional Rs 50 per order | ₹59 (₹50 + 18% GST) per order. |
Brokerage charges | Rs 20 or 0.05 % per order( whichever is lower) | Rs 20 or 2.5% of trade value (whichever is lower) |
COMPARE GROWW VS UPSTOX OFFERS
Offers | Groww | Upstox |
Free AMC | ||
Free account Opening | ||
Free and flexible Brokerage plan | ||
Margin Funding / Pledging | ||
Referral Offers | Rs 100 per client | Rs 700 per client |
Flat Brokerage | Yes ,but limited | |
Free Delivery and Intraday trading | ||
Free research report | ||
Free F & O trading / free trading calls | ||
Zero Brokerage for Loss Making Trades | ||
GROW VS UPSTOX PRODUCT PROVIDED
Product Offers | Groww | Upstox |
Equity Intraday | ||
Equity Delivery | ||
Equity Option | ||
Equity Future | ||
Currency Option | ||
Currency Future | ||
Commodity Options | ||
Commodity Future | ||
Foreign Stocks | ||
Mutual Funds | ||
Banking | ||
Insurance | ||
Govt. Bonds | ||
Corporate Bonds | ||
COMPARESION OF GROWW VS UPSTOX ADVISORY SERVICES
Advisory Services | Groww | Upstox |
Fundamental and IPO Reports | ||
Weekly Review and Robo Advisory | ||
Daily Top Stock Picks and Stock Tips | ||
Company/ Annual Report | ||
Stock Recommendations and Research | ||
Trading Institution | ||
PMS or PCG | ||
Daily Market Review | ||
Technical Reports | ||
Demat Services and Trading Services | ||
NRI Services | ||
3 in 1 Account | ||
GROWW VS UPSTOX FEATURES
Upstox and Groww are renowned trading platforms in India that provide unique features.
Upstox caters to experienced traders by offering comprehensive charting tools, a variety of
order types, and fast execution. It provides a professional edition with more features and
interaction with third-party solutions. Groww, on the other hand, is geared towards simplicity
and ease of usage, making it perfect for novices. It provides a single trading platform for
equities, mutual funds, and digital gold, as well as instructional tools. Groww’s user-friendly
layout and simple account opening process stand out. Both platforms have reasonable
brokerage costs and no account maintenance fees, while Upstox excels in sophisticated
trading tools. Below the table shows some of its features.
Features | Groww | Upstox |
Charts | ||
Automated Trading | ||
3 in 1 Account | ||
Online Demo | ||
SMS Alerts | ||
Margin Against Shares (Equity Cash) | ||
Margin Against Shares (Equity F&O) | ||
Margin Trading Funding | ||
Online Demo | ||
Online Portfolio | ||
Trading In SME Shares Allowed? | ||
Trading Platform | Groww | Upstox Pro Web, Dartstock, NEST Trader, Fox Trader, iOS and Android Algola |
Intraday Square-off Time | 3:10 PM | 3:00 PM |
Global indices | ||
GR | ||
Stock Tips | ||
Multi Profile Management | ||
Customised Recommendation | ||
Online MF Buy | ||
Interactive Charts | ||
GROWW VS UPSTOX AMC AND DEMAT ACCOUNT CHARGES
Account Type | Groww | Upstox |
Demat Account Opening Charges | Rs 0 (Free) | Rs 0 (Free) |
Demat Account AMC Charges | Rs 0 (Free) | Rs 150 |
Trading Account Opening Charges | Rs 0 (Free) | Rs 0 (Free) |
Trading Account AMC Charges | Rs 0 (Free) | Rs 0 (Free) |
GROWW VS UPSTOX BROKERAGE CHARGES
Groww charges a fixed cost of ₹20 for equities trading, whereas Upstox charges ₹20 or
2.5%, whichever is less. Both platforms provide cheap brokerage fees, but upstox clear
pricing structure may appeal to traders seeking Below the table shows brokerage charges.
Brokerage Charges | Groww Standard Plan | Upstox Default |
Equity Delivery | Rs.20 per Trade or 0.05% (whichever is low) | Rs.20 per Trade or 2.5%, whichever is low |
Equity Intraday | Rs.20 per Trade or 0.05% (whichever is low) | Rs.20 per Trade or 0.05% (whichever is low) |
Equity Option | Rs.20 per Trade | Rs.20 per Trade |
Equity Future | Rs.20 per Trade or 0.05% (whichever is low) | Rs.20 per Trade or 0.05% (whichever is low) |
Currency Option | NA | Rs.20 per Trade |
Currency Future | NA | Rs.20 per Trade or 0.05% (whichever is low) |
Commodity Option | NA | Rs.20 per Trade |
Commodity Future | NA | Rs.20 per Trade or 0.05% (whichever is low) |
GROWW VS UPSTOX leverage (margin)
Leverage On | Groww | Upstox |
Equity Delivery | 100% of trade value (1x leverage) | 100% of trade value (1x leverage) |
Equity Intraday | Up to 20% of trade value (5x leverage) | Up to 20% of trade value (5x leverage) |
F&O (Equity, Currency, Commodity) | 100% of NRML margin (Span Exposure) (1x leverage) | 100% of NRML margin (Span + Exposure) (1x leverage) |
GROWW VS UPSTOX PROS AND CONS
Pros:
Groww | Upstox |
1)No setup costs for accounts. No Upkeep Fees. 2)A direct mutual fund platform that increases your returns by 1.5%. 3)Free investing in mutual funds with no additional fees. 4)E-books, resources, and blogs that offer stock market information and fundamentals to assist investors in making well-informed decisions. 5)Instantaneous account opening without paper work and online application for an IPO. 6)Digital gold and US stocks may be invested in online using the in-house brokerage calculator. Additional goods (FD, derivatives) in the works. | 1)Brokerage for all other areas, including equities delivery, is flat at Rs 20 per deal. 2)Provide mutual funds directly. A single software for commodities, currency, and stock trading. 3)There is no account opening cost. Investment in mutual funds requires no brokerage. 4)For slabs of Rs 40,000, the Margin Trading Facility (MTF) is offered at an interest rate of Rs 20 per day. 5)There is a Margin Against Share. Bonds, NCDs, FPOs, and IPOs may all be done online. 6)Orders that are Good-Till-Triggered (GTT) are accessible. 7)Minimal brokerage charges: Upstox helps traders save money on transaction costs by providing competitive brokerage prices. |
Cons:
Groww | Upstox |
1)Restricted investment goods without the ability to trade in the currency, commodities, or derivatives (futures & options) segments at this time. 2)Trade and No Call services also There is no branch support provided and it doesn’t offer research reports, stock suggestions, or recommendations. 3)Doesn’t provide SME share trading. 4)No facility for margin trading with No margin required against shares. 5)Not accessible are advanced order types like BO, CO, AMO, and GTT. 6)Do not offer NRI Trading. 7)Branch support not available. | 1)Doesn’t give trading strategies that are infinite and does not provide money for margin on delivery transactions. 2)Does not provide recommendations or stock suggestions. 3)The brokerage cost for equity delivery is Rs 20 per deal. Equity delivery trades are offered brokerage-free by other brokers, such as Zerodha. doesn’t give trading strategies that are infinite. 4)Not providing a three-in-one account. lacks round-the-clock client service. 5)Does not provide Demat and NRI Trading accounts and does not provide BTST not providing digital gold ,call-and-trade charge of Rs 20 is added to each executed order. |
COMPARE GROWW VS UPSTOX TRANSACTION CHARGES
Transaction Charges | Groww | Upstox |
Equity Intraday | NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (Sell Side) | NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (Sell Side) |
Equity Delivery | NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (Each Side) | NSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (Each Side) |
Equity Option | NSE Rs 5000 per Cr (0.05%) | BSE Rs 3750 per Cr (0.0375%) (On Premium) | NSE Rs 5000 per Cr (0.05%) | BSE Rs 3750 per Cr (0.0375%) (On Premium). |
Equity Future | NSE Rs 190 per Cr (0.0019%) | BSE Rs 0 | NSE Rs 190 per Cr (0.0019%) | BSE Rs 0 |
Currency Option | NA | NSE Rs 3500 per Cr (0.035%) | BSE Rs 100 per Cr (0.001%) (on premium). |
Currency Future | NA | NSE Rs 90 per Cr (0.0009%) | BSE Rs 22 per Cr (0.00022%) |
Commodity Option | NA | Group A – Rs 290 per Cr (0.0029%) |
Commodity Future | NA | Group A – Rs 290 per Cr (0.0029%) |
GROWW VS UPSTOX RATING BY CUSTOMERS
Rating | Groww | Upstox |
Brokerage | ⭐⭐⭐ | ⭐⭐⭐ |
Customers Service | ⭐⭐ | ⭐⭐⭐ |
Fees | ⭐⭐⭐ | ⭐⭐⭐ |
Trading Platform | ⭐⭐⭐ | ⭐⭐⭐ |
Research | ⭐⭐ | ⭐⭐ |
Overall Rating | ⭐⭐⭐ | ⭐⭐⭐⭐ |
Broker Rating | ⭐⭐ | ⭐⭐⭐ |
GROWW VS UPSTOX COMPLAINTS
Complaints | Groww | Upstox |
Total Complaints Lodged | 180 | 289 |
Total Complaints Resolved | 162 | 257 |
% of Resolved Complaints | 89.90% | 86.30% |
Non Actionable Complaints | 9 | 30 |
% of Non Actionable Complaints | 5.0% | 9.37% |
Conclusion: Groww is an intuitive design that is perfect for novices, emphasising mutual
funds and simplicity. With Ratan Tata’s support, Upstox offers sophisticated trading tools,
affordable brokerage costs, and a feature-rich software ideal for aggressive traders. Groww’s
ease of use makes up for some of the complex capabilities that Upstox lacks. Upstox’s
sophisticated choices and cheaper prices give it a minor advantage. In the end, Upstox is
better for seasoned traders looking for extensive tools and reduced prices, whereas Groww
is better for novices and mutual fund investors.
Customer Care Number/Email
Groww :- +91 9108800000
Upstox : 022-41792999
Client can contact this number for clearing their doubt.
Groww Support Email:- support@groww.in
Upstox Support Email:- support@upstox.com
Client can contact this email for clearing their doubt.