Groww vs Upstox
Comparison of charges, features, and platform quality. Both Groww and Upstox are popular choices, but they cater to slightly different types of investors. Let's see which platform offers better value for your trading style.
Our Verdict
Both Groww and Upstox are top-rated Discount brokers.
Groww Wins on:
Best For BeginnersBetter choice if you prioritize zero account opening & amc charges and need free amc, simple ui.
Upstox Wins on:
Best For IntradayBetter choice if you prioritize fast trading platform (pro) and need fast app, pro tools.
At a Glance Comparison
| Feature | | |
|---|---|---|
| Broker Type | Discount | Discount |
| Account Opening | ₹0 (Free) | ₹0 (Free) |
| AMC (Yearly) | ₹0 (Free) | ₹150/year |
| Equity Delivery | ₹20 or 0.05% | ₹20 or 2.5% |
| Intraday Tradng | ₹20 or 0.05% | ₹20 or 0.05% |
| Active Clients | 50 Lakhs+ | 30 Lakhs+ |
| Rating | 4.7 | 4.6 |
| Best For | Beginners, Mutual Funds | Intraday, Options |
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| Cons |
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Brokerage Charges Explained
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.
Upstox Fees
For equity delivery, ₹20 or 2.5% applies. If you trade Intraday, you pay ₹20 or 0.05% per order.
This makes it suitable for frequent traders.
Trading Platform & App
GrowwGroww's platform is known for being comprehensive. It is generally considered very easy to learn.
UpstoxUpstox's platform focuses on research and data. Users find it powerful for detailed tracking.
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.
Choose Upstox if:
- You are looking for the best platform for Intraday.
- You are looking for the best platform for Options.
- You prefer fast app features.
Pros & Cons Comparison
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)
Upstox
Advantages
- Fast trading platform (Pro)
- Good charting tools
- Margin against shares
Disadvantages
- Delivery is charged (₹20)
- Customer support mixed reviews
- Downtime issues occasionally
