Written by Sid Joshi
Founder, WorthCheck.in
Groww vs Zerodha 2026: Complete Broker Comparison - Which One Should You Choose?
Confused between India's two largest discount brokers? This in-depth comparison covers brokerage charges, platform features, mutual fund investing, safety, and everything you need to make an informed decision.
Key Takeaways: Groww vs Zerodha
- ✓Groww: Free account opening, zero AMC, simpler UI - ideal for beginners and MF investors
- ✓Zerodha: Rs 200-400 account opening, Rs 300 AMC, advanced tools - ideal for serious traders
- ✓Brokerage: Both charge Rs 20 or 0.03% for intraday/F&O, free equity delivery
- ✓Education: Zerodha's Varsity is unmatched - one of the best free stock market courses in India
- ✓Both are safe: SEBI-registered, stocks held with depositories (CDSL/NSDL)
⚠️ Important Disclaimer
This article is for educational purposes only and should not be considered financial advice. Past performance does not guarantee future results. Mutual fund investments and other financial products are subject to market risks. Please read all scheme information documents carefully before investing. We strongly recommend consulting a certified financial planner (CFP), registered investment advisor (RIA), or qualified financial professional for personalized guidance tailored to your specific financial situation.
Which Broker Fits You?
1 / 4What's your investing experience level?
If you're starting your investing journey in India, you've probably come across two names repeatedly: Groww and Zerodha. These are India's two largest discount brokers, and together they account for over 50% of all retail trading accounts in the country.
But which one is right for you? Should you choose Groww for its beginner-friendly interface and zero charges? Or Zerodhafor its advanced trading tools and educational resources? In this comprehensive guide, I'll break down every aspect of both brokers to help you make an informed decision.
TL;DR - Quick Answer: Groww or Zerodha?
🟠 Choose Groww If:
- • You're a complete beginner to investing
- • You primarily want to invest in mutual funds
- • You prefer a simple, clean interface
- • You don't want to pay account opening fees
- • You're a passive, long-term investor
🟣 Choose Zerodha If:
- • You want to learn trading seriously (Varsity)
- • You plan to trade actively (intraday/F&O)
- • You need advanced charting tools
- • You value research and analysis
- • You want an established broker (since 2010)
Pro Tip: Many investors use bothplatforms - Groww for SIPs and long-term mutual fund investing, and Zerodha for stock trading and learning. There's no rule that you can have only one broker account.
Ready to start investing? Open a free account:
Account opening is quick & paperless. Takes 10-15 minutes.
Company Overview: Groww vs Zerodha
Before diving into features, let's understand who these companies are and where they come from:
| Parameter | Groww | Zerodha | Winner |
|---|---|---|---|
| Founded | 2016 (Bangalore) | 2010 (Bangalore) | Zerodha |
| Founders | Lalit Keshre, Harsh Jain, Neeraj Singh, Ishan Bansal | Nithin Kamath, Nikhil Kamath | - |
| Active Clients (Feb 2026) | 1.24 Crore (12.48M) | 74.3 Lakh (7.43M) | Groww |
| Total Registered Users | 10+ Crore (100M+) | 1.5+ Crore (15M) | Groww |
| NSE Market Share | ~18% (Largest) | ~11% (2nd largest) | Groww |
| Started As | Mutual Fund platform | Stock broker | - |
| Funding Model | VC-funded ($393M raised) | Bootstrapped (profitable) | Zerodha |
| Profitability | Profitable (FY24) | Highly profitable (Rs 4,700 Cr FY24) | Zerodha |
| Headquarters | Bangalore, India | Bangalore, India | Tie |
| SEBI Registration | INZ000297890 | INZ000031633 | Tie |
Latest News: Groww Overtakes Zerodha
As of late 2023, Groww has overtaken Zerodhato become India's largest stockbroker by number of active clients. However, Zerodha still leads in trading volume and has a longer track record of profitability. Both are strong choices depending on your needs.
Key Insight: Different Origins
Zerodha started as a stock broker and later added mutual funds through Coin. Groww did the opposite - it started as a mutual fund investment platform and later became a full-service broker. This explains why Zerodha excels at trading tools while Groww has a better mutual fund experience.
Brokerage Charges: Groww vs Zerodha (2026)
One of the most important factors when choosing a broker is the cost. Here's a detailed breakdown of all charges you'll encounter:
| Charge Type | Groww | Zerodha | Winner |
|---|---|---|---|
| Account Opening | FREE | Rs 200-400 | Groww |
| Annual Maintenance (AMC) | FREE | Rs 300/year | Groww |
| Equity Delivery | FREE (Zero) | FREE (Zero) | Tie |
| Intraday Trading | Rs 20 or 0.03% | Rs 20 or 0.03% | Tie |
| F&O (Futures & Options) | Rs 20 or 0.03% | Rs 20 or 0.03% | Tie |
| Mutual Funds (Direct) | FREE | FREE (via Coin) | Tie |
| IPO Application | FREE | FREE | Tie |
| Total First Year Cost | Rs 0 | Rs 500-700 | Groww |
The Real Cost Difference
For a passive investor who buys stocks/MFs and holds long-term, Groww saves Rs 500-700/year. But if you're an active trader doing 50+ trades/month, this difference becomes negligible compared to the total brokerage paid. For active traders, platform quality matters more than these small fees.
DP Charges & Transaction Costs (Hidden Fees)
Beyond brokerage, there are DP charges and transaction feesthat many investors overlook. Here's the complete breakdown:
| Charge Type | Groww | Zerodha | Winner |
|---|---|---|---|
| DP Charges (per sell transaction) | Rs 20 per transaction | Rs 15.34 per scrip/day | Zerodha |
| STT (Securities Transaction Tax) | 0.1% on sell (delivery) | 0.1% on sell (delivery) | Tie |
| Exchange Transaction Charges | 0.00297% (NSE) | 0.00297% (NSE) | Tie |
| GST on Brokerage | 18% | 18% | Tie |
| SEBI Turnover Fee | Rs 10 per Cr | Rs 10 per Cr | Tie |
| Stamp Duty (varies by state) | 0.015% (buy side) | 0.015% (buy side) | Tie |
| Pledge/Unpledge Charges | Rs 30 per request | FREE | Zerodha |
| Physical Contract Notes | Rs 50 per contract note | Rs 50 per contract note | Tie |
Segment-wise Brokerage Comparison
Different trading segments have different fee structures. Here's a detailed comparison across all segments:
| Trading Segment | Groww | Zerodha | Winner |
|---|---|---|---|
| Equity Delivery | FREE (Zero) | FREE (Zero) | Tie |
| Equity Intraday | Rs 20 or 0.03% | Rs 20 or 0.03% | Tie |
| Equity Futures | Rs 20 or 0.03% | Rs 20 or 0.03% | Tie |
| Equity Options | Rs 20 per executed order | Rs 20 per executed order | Tie |
| Currency Futures | Rs 20 or 0.03% | Rs 20 or 0.03% | Tie |
| Currency Options | Rs 20 per executed order | Rs 20 per executed order | Tie |
| Commodity Trading | Not Available | Rs 20 or 0.03% | Zerodha |
| Direct Mutual Funds | FREE | FREE (via Coin) | Tie |
Important: Commodity Trading
Groww does not offer commodity trading (gold, silver, crude oil, etc.) while Zerodha provides access to MCX and NCDEX. If you want to trade commodities, Zerodha is your only option between these two.
Based on charges, both are great. Pick based on your needs:
Platform & User Experience
The trading platform is where you'll spend most of your time. Let's compare the user experience, charting tools, and overall interface of both brokers:
Groww Mobile App
- ✓ Clean, minimalistic design
- ✓ Very beginner-friendly
- ✓ Easy navigation
- ✓ Quick account setup
- ✓ Good for MF discovery
- - Basic charting tools
- - Limited indicators
- - Occasional slowdowns during peak hours
Zerodha Kite Mobile App
- ✓ Feature-rich interface
- ✓ Advanced charting with TradingView
- ✓ 100+ technical indicators
- ✓ Multiple watchlists
- ✓ GTT (Good Till Triggered) orders
- - Steeper learning curve
- - Can feel overwhelming for beginners
- - Some features need Console app
Charting & Technical Analysis
| Feature | Groww | Zerodha |
|---|---|---|
| Chart Provider | Basic in-house | TradingView (Advanced) |
| Technical Indicators | 10-15 basic | 100+ |
| Drawing Tools | Limited | Full suite |
| Multi-timeframe Analysis | Basic | Advanced |
Verdict: If you're a beginner who wants simplicity, Groww wins. If you need serious charting tools for technical analysis, Zerodha is clearly better.
Mutual Fund Investing: Groww vs Zerodha Coin
For many Indian investors, mutual funds are the primary investment vehicle. Here's how both platforms compare for MF investing:
🟠 Groww for Mutual Funds
- ✓Excellent discovery: Fund recommendations, categories, top performers
- ✓Easy SIP management: Set up, modify, pause SIPs in seconds
- ✓No demat required: Invest in MF without opening demat
- ✓Portfolio insights: XIRR, asset allocation, overlap analysis
- ✓All AMCs available: 40+ AMCs, 5000+ schemes
🟣 Zerodha Coin for Mutual Funds
- ✓Demat-based: MF units held in demat (consolidated view)
- ✓Direct plans only: No commission, lower expense ratios
- ✓Basket orders: Create custom MF baskets (like smallcase)
- -Requires demat: Can't use Coin without Zerodha demat
- -Less intuitive: Not as user-friendly as Groww for MF-only users
Verdict: For pure mutual fund investing, Groww is the clear winner. It was built as an MF platform first, and it shows. Zerodha Coin is good but feels like an add-on to a stock trading platform.
Stock Trading: Intraday, F&O, and Delivery
For serious stock traders, the trading experience matters more than anything else. Here's how both platforms stack up for different types of trading:
Equity Delivery (Long-term Investing)
Both platforms offer FREE equity delivery trades. For buying and holding stocks long-term, either platform works well. Groww has a simpler interface, while Zerodha offers more research tools.
Intraday Trading
For intraday trading, execution speed and charting tools are critical. Zerodha's Kite offers superior charting with TradingView integration, more order types (bracket orders, cover orders), and better execution during volatile markets.
Futures & Options (F&O)
F&O trading requires advanced tools like option chains, Greeks display, and strategy builders. Zerodhaoffers Sensibull integration, option chain analysis, and advanced strategy tools. Groww's F&O offering is basic in comparison.
Margin & Leverage
Note: SEBI has capped leverage across all brokers. Both offer similar margin facilities now.
Order Types Comparison
Advanced order types are essential for active traders. Here's what each platform offers:
| Order Type | Groww | Zerodha |
|---|---|---|
| Market Order | ✓ Yes | ✓ Yes |
| Limit Order | ✓ Yes | ✓ Yes |
| Stop Loss (SL) | ✓ Yes | ✓ Yes |
| Stop Loss Market (SL-M) | ✓ Yes | ✓ Yes |
| GTT (Good Till Triggered) | Limited | ✓ Yes (Advanced) |
| Bracket Order (BO) | ✗ No | ✓ Yes |
| Cover Order (CO) | ✗ No | ✓ Yes |
| After Market Order (AMO) | ✓ Yes | ✓ Yes |
| Iceberg Order | ✗ No | ✓ Yes |
Verdict: Zerodha wins for order types. It offers advanced order types like Bracket Orders, Cover Orders, and Iceberg Orders which are essential for professional traders. Groww covers the basics but lacks these advanced options.
Research & Education: Where Zerodha Shines
If you're new to investing and want to learn, the educational resources offered by your broker can make a huge difference. This is where Zerodha has a massive advantage.
Zerodha Varsity - Free Stock Market Education
Varsity is one of the best free stock market learning resources in India. It covers:
Over 500,000+ users have learned through Varsity. It's completely free and doesn't require a Zerodha account.
Groww Education
- • Basic blog articles
- • In-app tooltips and guides
- • YouTube videos
- • Stock/MF screeners
Good for basics, but not comprehensive
Zerodha Ecosystem
- • Varsity: Complete stock market courses
- • TradingQ&A: Community forum
- • Streak: Algo trading platform
- • Sentinel: Price alerts
- • Console: Advanced portfolio analytics
- • Sensibull: Options analysis tool
Industry-leading ecosystem
Verdict: Zerodha wins by a milewhen it comes to education and research. If you're serious about learning trading and investing, Zerodha's ecosystem is unmatched in India.
Safety & Security: Is Your Money Safe?
This is the most important question: Is your money safe with Groww and Zerodha?Let's examine the regulatory framework and security measures:
Both Are Equally Safe - Here's Why:
- ✓SEBI Registered: Both are registered with Securities and Exchange Board of India (SEBI)
- ✓NSE & BSE Members: Licensed members of both major stock exchanges
- ✓Depository Participants: Registered with CDSL/NSDL - your stocks are held by depositories, not the broker
- ✓Investor Protection Fund: Covered under SEBI's Investor Protection Fund (up to Rs 25 lakh)
- ✓Segregated Accounts: Client funds are kept separate from broker's own funds
| Security Feature | Groww | Zerodha |
|---|---|---|
| SEBI Registration | ✓ Yes | ✓ Yes |
| 2-Factor Authentication | ✓ Yes | ✓ Yes (TOTP) |
| Biometric Login | ✓ Yes | ✓ Yes |
| Insurance Coverage | ✓ Covered | ✓ Covered |
| Track Record | Since 2016 | Since 2010 (longer) |
| Profitability | VC-funded, not profitable | Bootstrapped, profitable |
Important Note:Your stocks are NOT held by the broker - they're held in your name at the depository (CDSL/NSDL). Even if a broker shuts down, your stocks remain safe. However, Zerodha's longer track record and profitability give it a slight edge in terms of stability.
IPO Investing: Groww vs Zerodha
IPO investing has become extremely popular in India. Both platforms allow free IPO applications via UPI mandate. Here's how they compare:
| IPO Feature | Groww | Zerodha | Winner |
|---|---|---|---|
| IPO Application Fee | FREE | FREE | Tie |
| UPI Mandate Support | ✓ Yes | ✓ Yes | Tie |
| ASBA Support | ✓ Yes | ✓ Yes | Tie |
| IPO Application Interface | Very Simple | Good | Groww |
| IPO GMP (Grey Market Premium) Info | ✓ Shows GMP | ✓ Shows GMP | Tie |
| IPO Analysis & Research | Basic | Detailed (via Console) | Zerodha |
| Upcoming IPO Alerts | ✓ Yes | ✓ Yes | Tie |
IPO Verdict: Both platforms are equally good for IPO applications. Groww has a slightly simpler interface, while Zerodha offers more detailed IPO research and analysis.
Account Opening Process: Step-by-Step
Both brokers offer 100% online, paperless account opening. Here's how the process compares:
🟠 Groww Account Opening
- Download Groww app or visit groww.in
- Enter mobile number, verify OTP
- Enter PAN card details
- Complete Aadhaar e-KYC (DigiLocker)
- Add bank account details
- Record a 5-second selfie video
- E-sign using Aadhaar OTP
- Account activated within 24-48 hours
Pros: Completely free, fastest process, no documentation required
🟣 Zerodha Account Opening
- Visit zerodha.com, click "Open Account"
- Enter mobile number, verify OTP
- Enter email and verify
- Enter PAN and date of birth
- Complete Aadhaar e-KYC (DigiLocker)
- Enter bank details with IFSC
- Upload signature photo
- Record selfie video
- E-sign and pay Rs 200-400
- Account activated in 24-48 hours
Pros: Well-established process, detailed guidance available
| Account Feature | Groww | Zerodha | Winner |
|---|---|---|---|
| Account Opening Fee | FREE | Rs 200-400 | Groww |
| Account Activation Time | 24-48 hours | 24-48 hours | Tie |
| Documents Required | PAN, Aadhaar, Bank | PAN, Aadhaar, Bank, Signature | Groww |
| DigiLocker Integration | ✓ Yes | ✓ Yes | Tie |
| In-Person Verification (IPV) | Video selfie | Video selfie | Tie |
| Minor Account | ✓ Supported | ✓ Supported | Tie |
Account Opening Verdict: Groww winswith completely free account opening, simpler process, and fewer documentation requirements. Zerodha's Rs 200-400 fee doesn't add any extra value.
Customer Support: Groww vs Zerodha
Good customer support is crucial when you face issues with your trades or account. Here's how both platforms compare:
| Support Channel | Groww | Zerodha |
|---|---|---|
| Phone Support | ✗ No (Paid callback) | ✗ No (Paid callback) |
| Email Support | ✓ Yes | ✓ Yes |
| In-App Chat | ✓ Yes (Bot + Human) | ✓ Yes (Ticket-based) |
| Help Center/FAQ | Good | Excellent (Detailed) |
| Community Forum | ✗ No | ✓ TradingQ&A |
| Social Media Response | Active on Twitter | Active on Twitter |
| Response Time | 24-48 hours | 24-48 hours |
Support Verdict: Both have similar support quality - primarily ticket-based with no free phone support. Zerodha has an edge with its TradingQ&A community where many common questions are already answered. Neither is great for urgent issues.
Quick Comparison Scorecard: Groww vs Zerodha
Here's a summary of how both brokers compare across all major categories:
| Category | Groww | Zerodha | Winner |
|---|---|---|---|
| Account Opening & AMC | ★★★★★ FREE | ★★★☆☆ Rs 500-700/yr | Groww |
| Brokerage Charges | ★★★★★ | ★★★★★ | Tie |
| User Interface (Beginners) | ★★★★★ Simple & Clean | ★★★☆☆ Steeper Curve | Groww |
| Charting & Technical Analysis | ★★☆☆☆ Basic | ★★★★★ TradingView | Zerodha |
| Mutual Fund Investing | ★★★★★ Excellent | ★★★★☆ Good (Coin) | Groww |
| Stock Trading (Delivery) | ★★★★☆ | ★★★★☆ | Tie |
| Intraday & F&O Trading | ★★★☆☆ Basic Tools | ★★★★★ Advanced | Zerodha |
| Order Types | ★★★☆☆ Basic | ★★★★★ BO, CO, GTT | Zerodha |
| Education & Learning | ★★☆☆☆ Basic Blogs | ★★★★★ Varsity | Zerodha |
| Safety & Track Record | ★★★★☆ Since 2016 | ★★★★★ Since 2010 | Zerodha |
| IPO Investing | ★★★★☆ | ★★★★☆ | Tie |
| Commodity Trading | Not Available | ★★★★☆ MCX, NCDEX | Zerodha |
| Customer Support | ★★★☆☆ | ★★★☆☆ | Tie |
| TOTAL SCORE | 7/14 | 9/14 | Zerodha |
Groww Wins At:
- ✓ Account Opening & Costs
- ✓ User Interface for Beginners
- ✓ Mutual Fund Investing
- ✓ Simplicity & Ease of Use
Zerodha Wins At:
- ✓ Charting & Technical Analysis
- ✓ Intraday & F&O Trading
- ✓ Order Types & Features
- ✓ Education (Varsity)
- ✓ Track Record & Stability
- ✓ Commodity Trading
Our Recommendation: Which Broker Should You Choose?
Choose Groww If:
Choose Zerodha If:
The Smart Strategy: Use Both!
Many savvy investors maintain accounts on both platforms:
- →Groww for SIPs, mutual fund investing, and passive long-term investments
- →Zerodha for stock trading, learning via Varsity, and using advanced tools
There's no rule that says you can only have one broker. Use the best of both worlds!
Ready to Start Your Investment Journey?
Open a free demat account in just 10 minutes. 100% online, paperless process.
Groww
Best for Beginners & MF
- ✓ FREE account opening
- ✓ Zero annual charges (AMC)
- ✓ Simple, beginner-friendly app
- ✓ Best for mutual fund SIPs
Zerodha
Best for Traders & Learning
- ✓ Advanced charting (TradingView)
- ✓ Free Varsity education
- ✓ Best for F&O trading
- ✓ 15+ years track record
* Affiliate links. We may earn a commission at no extra cost to you. Both brokers are SEBI-registered and equally safe.
Frequently Asked Questions (FAQs)
Which is better for beginners - Groww or Zerodha?▼
Groww is better for beginnersdue to its simpler interface, easier onboarding, and beginner-friendly design. Zerodha's Kite platform is more feature-rich but has a steeper learning curve. However, if you want to learn trading concepts, Zerodha's Varsity is invaluable.
Which broker has lower brokerage charges?▼
Both have identical brokerage - Rs 20 or 0.03% (whichever is lower) for intraday/F&O, and free delivery trades. Groww is cheaper overall because it offers free account opening (vs Rs 200-400 for Zerodha) and zero AMC (vs Rs 300/year for Zerodha). Annual savings: Rs 500-700.
Can I have accounts on both Groww and Zerodha?▼
Yes, absolutely!There's no restriction on having multiple broker accounts. Many investors use Groww for mutual funds and Zerodha for stock trading. This is a smart strategy to get the best of both platforms.
Is my money safe with Groww and Zerodha?▼
Yes, both are safe. They are SEBI-registered brokers following strict regulatory guidelines. Your stocks are held with depositories (CDSL/NSDL), not with the broker. Even if a broker shuts down, your holdings remain safe. Both are equally safe from a regulatory perspective.
Which is better for mutual funds - Groww or Zerodha?▼
Groww is better for mutual funds. It started as an MF platform and offers superior discovery, easier SIP management, no demat requirement for MF, and an overall more intuitive experience. Zerodha Coin is good but requires a demat account and feels like an add-on.
Which is better for F&O trading?▼
Zerodha is significantly better for F&O trading.It offers TradingView charts, advanced option chain analysis, Sensibull integration, and a comprehensive ecosystem of tools. Groww's F&O offering is basic in comparison.
What is Zerodha Varsity? Is it free?▼
Zerodha Varsity is a free stock market education platform- one of the best in India. It covers everything from basics to advanced topics like options strategies. It's completely free and doesn't even require a Zerodha account. Visit varsity.zerodha.com to start learning.
Which broker has better customer support?▼
Both have similar support channels - primarily ticket-based and email support. Neither offers phone support for free users. Zerodha has an extensive TradingQ&A community forum where many questions get answered. Overall, support quality is comparable for both.
Which broker is better for IPO applications?▼
Both are equally good for IPO applications. Both offer free IPO applications via UPI mandate and ASBA. Groww has a slightly simpler interface for applying, while Zerodha offers more detailed IPO research and analysis via Console. For most users, either platform works perfectly fine.
Can I trade commodities on Groww?▼
No, Groww does not offer commodity trading.If you want to trade gold, silver, crude oil, or other commodities, you'll need to use Zerodha or another broker. Zerodha provides access to MCX and NCDEX for commodity trading.
What is the account opening time for Groww vs Zerodha?▼
Both take 24-48 hours for account activation. The actual application process takes 5-10 minutes for Groww (simpler) and 10-15 minutes for Zerodha. Both use Aadhaar e-KYC via DigiLocker for instant verification.
Is Groww profitable? Will it shut down?▼
Groww is now profitable (FY24) after years of losses. While Zerodha has been profitable for longer and is bootstrapped, Groww has reached profitability and is backed by major VCs like Sequoia, Ribbit, and Tiger Global. Both companies are financially stable, and your investments are safe with either.
Which is better for intraday trading - Groww or Zerodha?▼
Zerodha is better for intraday trading.It offers advanced charting with TradingView, more order types (bracket orders, cover orders), 100+ technical indicators, and better execution during volatile markets. Groww's charting tools are basic in comparison.
What are the annual charges for Groww vs Zerodha?▼
Groww: Zero annual charges. Zerodha: Rs 300/year AMC.This makes Groww more cost-effective for passive investors who don't trade frequently. For active traders, this Rs 300 difference is negligible compared to total brokerage paid.
Can I transfer my stocks from Groww to Zerodha or vice versa?▼
Yes, you can transfer stocks between brokers.This is done through an "off-market transfer" process. You'll need to submit a DIS (Delivery Instruction Slip) or use the CDSL/NSDL online transfer facility. A small fee (Rs 20-30 per scrip) may apply. Mutual funds can also be transferred using the CAS (Consolidated Account Statement) process.
Which broker has better mobile app - Groww or Zerodha Kite?▼
It depends on your needs. Groww app (4.5/5 rating) is simpler, cleaner, and better for beginners. Zerodha Kite (4.3/5 rating) is more feature-rich with advanced charting but has a steeper learning curve. Beginners prefer Groww; serious traders prefer Kite.
Does Groww offer GTT (Good Till Triggered) orders?▼
Groww offers limited GTT functionality.Zerodha's GTT feature is more advanced, allowing you to place orders that remain active for up to 1 year. Zerodha also offers bracket orders and cover orders which Groww doesn't support.
Which is better for SIP - Groww or Zerodha?▼
Groww is better for SIP investing. It started as a mutual fund platform and offers superior SIP management - easy setup, modification, pause, and tracking. Zerodha Coin requires a demat account and feels like an add-on. For pure SIP investing, Groww is the clear choice.
How many active users do Groww and Zerodha have in 2026?▼
As of February 2026, Groww has 1.24 crore (12.48 million) active clients while Zerodha has 74.3 lakh (7.43 million) active clients. Groww overtook Zerodha in late 2023 to become India's largest broker by number of active clients. However, Zerodha still leads in trading volume.
Final Verdict: Groww vs Zerodha 2026
There's no single "better" broker - it completely depends on your investment style and needs:
→Groww is ideal for beginners, passive investors, and those who primarily invest in mutual funds. Its simplicity and zero charges make it perfect for starting your investment journey.
→Zerodha is better for serious learners, active traders, and those who want advanced tools and education. The Varsity platform alone makes it worth considering.
My Personal Recommendation:
Start with Groww if you're new - its simplicity will help you build confidence. Once you're comfortable, open a Zerodhaaccount to access Varsity and advanced trading tools. Use both based on your needs - that's what most smart investors do!
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