Geojit vs Groww
Comparison of charges, features, and platform quality. Both Geojit and Groww are popular choices, but they cater to slightly different types of investors. One is a low-cost discount broker, while the other offers premium full-service features.
Our Verdict
This is a comparison between a Discount Broker (Groww) and a Full-Service Broker (Geojit).
Choose Groww if:
- You want to save massively on brokerage fees.
- You don't need stock tips or a relationship manager.
Choose Geojit if:
- You are a beginner needing guidance & research reports.
- You prefer offline support or a relationship manager.
At a Glance Comparison
| Feature | | |
|---|---|---|
| Broker Type | Full-Service / Hybrid | Discount |
| Account Opening | ₹0 (Free) | ₹0 (Free) |
| AMC (Yearly) | ₹450/year | ₹0 (Free) |
| Equity Delivery | 0.30% | ₹20 or 0.05% |
| Intraday Tradng | 0.03% | ₹20 or 0.05% |
| Active Clients | 8 Lakhs+ | 50 Lakhs+ |
| Rating | 4 | 4.7 |
| Best For | Investors, Mutual Funds | Beginners, Mutual Funds |
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Brokerage Charges Explained
Geojit Fees
For equity delivery, 0.30% applies. If you trade Intraday, you pay 0.03% per order.
This makes it suitable for investors.
Groww Fees
For equity delivery, ₹20 or 0.05% applies. If you trade Intraday, you pay ₹20 or 0.05% per order.
This makes it suitable for investors.
Trading Platform & App
GeojitGeojit's platform is known for being comprehensive. It is generally considered robust for advanced analysis.
GrowwGroww's platform focuses on research and data. Users find it extremely beginner friendly.
Choose Geojit if:
- You are looking for the best platform for Investors.
- You are looking for the best platform for Mutual Funds.
- You prefer conservative features.
Choose Groww if:
- You are looking for the best platform for Beginners.
- You are looking for the best platform for Mutual Funds.
- You prefer free amc features.
Pros & Cons Comparison
Geojit
Advantages
- Strong in South India
- Good mutual fund research
- Conservative approach
Disadvantages
- Trading platform outdated
- Limited high-tech features
Groww
Advantages
- Zero Account Opening & AMC Charges
- Extremely simple UI for beginners
- Fast account opening process
Disadvantages
- Charged for equity delivery (unlike Zerodha)
- Limited advanced trading features
- No commodity trading (initially)
