Groww vs Upstox 2024 : Detailed Comparison

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GROWW

groww vs upstox

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.

GrowwUpstox
Year of Establishment20162009/2012
Number of BranchesNot 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 TypeDiscount brokerDiscount broker

GROWW VS UPSTOX CHARGES

ChargesGrowwUpstox
Trade and call chargeAdditional Rs 50
per order
₹59 (₹50 + 18%
GST) per order.
Brokerage chargesRs 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

OffersGrowwUpstox
Free AMC
Free account
Opening
Free and flexible
Brokerage plan
Margin Funding /
Pledging
Referral OffersRs 100 per
client
Rs 700 per
client
Flat BrokerageYes ,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 OffersGrowwUpstox
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 ServicesGrowwUpstox
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.

FeaturesGrowwUpstox
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 PlatformGrowwUpstox Pro
Web, Dartstock,
NEST Trader,
Fox Trader, iOS
and Android
Algola
Intraday Square-off
Time
3:10 PM3:00 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 TypeGrowwUpstox
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 ChargesGroww Standard
Plan
Upstox Default
Equity DeliveryRs.20 per Trade or 0.05%
(whichever is low)
Rs.20 per Trade or 2.5%,
whichever is low
Equity IntradayRs.20 per Trade or 0.05%
(whichever is low)
Rs.20 per Trade or 0.05%
(whichever is low)
Equity OptionRs.20 per TradeRs.20 per Trade
Equity FutureRs.20 per Trade or 0.05%
(whichever is low)
Rs.20 per Trade or 0.05%
(whichever is low)
Currency OptionNARs.20 per Trade
Currency FutureNARs.20 per Trade or 0.05%
(whichever is low)
Commodity OptionNARs.20 per Trade
Commodity FutureNARs.20 per Trade or 0.05%
(whichever is low)

GROWW VS UPSTOX leverage (margin)

Leverage OnGrowwUpstox
Equity Delivery100% of trade value (1x
leverage)
100% of trade value (1x
leverage)
Equity IntradayUp 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:

Cons:

COMPARE GROWW VS UPSTOX TRANSACTION CHARGES

Transaction ChargesGrowwUpstox
Equity IntradayNSE 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 DeliveryNSE 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 OptionNSE 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 FutureNSE Rs 190 per Cr
(0.0019%) | BSE Rs 0
NSE Rs 190 per Cr
(0.0019%) | BSE Rs 0
Currency OptionNANSE Rs 3500 per Cr
(0.035%) | BSE Rs 100
per Cr (0.001%) (on
premium).
Currency FutureNANSE Rs 90 per Cr
(0.0009%) | BSE Rs 22
per Cr (0.00022%)
Commodity OptionNAGroup A – Rs 290 per Cr
(0.0029%)
Commodity FutureNAGroup A – Rs 290 per Cr
(0.0029%)

GROWW VS UPSTOX RATING BY CUSTOMERS

RatingGrowwUpstox
Brokerage⭐⭐⭐⭐⭐⭐
Customers Service⭐⭐⭐⭐⭐
Fees⭐⭐⭐⭐⭐⭐
Trading Platform⭐⭐⭐⭐⭐⭐
Research⭐⭐⭐⭐
Overall Rating⭐⭐⭐⭐⭐⭐⭐
Broker Rating⭐⭐⭐⭐⭐

GROWW VS UPSTOX COMPLAINTS

ComplaintsGrowwUpstox
Total Complaints
Lodged
180289
Total Complaints
Resolved
162257
% of Resolved
Complaints
89.90%86.30%
Non Actionable
Complaints
930
% 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.

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