Groww vs Upstox (Compare Groww vs Upstox)

So many brokers are offering stock trading & Demat services in India, which one is best, which one provides the services at the lowest price, provides best mobile trading application, the best research team, etc. All answers to your questions would be available here.

Here we provide side by side comparison between Groww vs Upstox, Below comparison of Groww vs Upstox highlights the variations of Brokerage charges & services offered, Compare their ratings, brokerage & AMC charges, Investment choices, Customer Service, Demat Account, features, Platforms, and running offers.

One on One comparison of Groww vs Upstox is given below:

Groww

Upstox

	Groww	Upstox

About The Brokers	Groww : "Groww is one of India's fastest-growing platforms and undoubtedly the best platform for brokerage-free Direct mutual funds investment. They have a strong customer bas >>> more	Upstox : "Founded in 2009, Upstox is one of the reliable stock trading brokers with low brokerage and excellent facilities. Two young successful entrepreneurs who opened the co >>> more
Find More Information about the Broker :	Groww : OVERVIEW BROKERAGE PRODUCTS & SERVICES	Upstox : OVERVIEW BROKERAGE PRODUCTS & SERVICES TRADING PLATFORM & TOOLS RATING
Type of Broker	Groww : Discount Broker	Upstox : Discount Broker
Promo/offers	Groww : Special Offer: Free Mutual fund/SIP investment + Flat ₹20 Equity delivery & Intra-day trades. Get the offer	Upstox : N/A
Advantage	Groww : Free research services No DP charges on buy & low brokerage. Commission Free mutual fund investment Free Demat & Trading account, No charges on account opening Zero Clearing Charges Zero Demat AMC Charges Option to invest online in digital gold.	Upstox : No Brokerage on Mutual funds. DEMAT AMC free for Life Low cost Brokerage Self-directed, easy to use online learning for all levels Easy to get started with Aadhar based signup Good Brokerage & Margin Calculator Unlike other low-cost brokers, RKSV offer a variety of affordable pricing plans so that you can choose the plan best suited for you
Disadvantage	Groww : No F&O Trading, Grow does not provide Options & Future Trading. Does not provide a 3in1 account facility. Does not provide commodity Trading Does not provide trading options: Bracket, GTT orders, etc does not provide Margin trading facilityc No Call and Trade services No Margin against shares Does not offer NRI Trading	Upstox : No margin funding Does not provide Tips & recommendation Turnover charges on futures and options is higher than competitors Upstox doesn't offer unlimited monthly trading plans. Doesn't offer research based services. Charges on Funds Transfer @ ₹7 per fund transfer.
Why This	Groww : Groww charge Rs.20 per executed order or 0.05% of order value (whichever is lower) for delivery trade. Equity intraday trade at Rs. 20 or 0.05% (whichever is lower) Groww provides mutual funds investment at Zero Fees, No transaction charges, 100% paperless online Demat account opening 128 bit SSL Encryption Get complete stock analysis with company financials like P&L, Balance Sheet, etc & pick your best shares to buy free of cost No DP charges on buy. Highly rated Groww mobile App Facility to invest in US Stocks	Upstox : Upstox offers zero brokerage on equity mutual fund Investment and a mere ₹20 per transaction on Equity Delivery, intraday and F&O trades. After Market Order (AMO), Cover Order and BO are available on both web and mobile. Trailing-Stop/Stop-Loss (SL) is available in both web and mobile. Zero Demat AMC, Free demat account for life. Offers NRI trading. Offers Mutual Fund Investment, SIP Investement. Upstox is backed by top investors with the likes of Ratan Tata, Kalaari Capital & GVK Davix Upstox offers the best of technology to traders. The Upstox Platform on mobile and web is one of the best platforms for the Indian stock market.

Groww vs Upstox Account Opening & AMC Charges

Groww Trading Account Opening Fee is ₹0 (Free) and Upstox Trading Account Opening Fee is ₹249+GST . Groww Demat Account AMC is ₹0 (Free) and Upstox Demat Account AMC is ₹0 (Free) .

	Groww	Upstox
Trading Account Opening Fee	Trading Account Opening Fee : ₹0 (Free)	Trading Account Opening Fee : ₹249+GST
Demat Account Opening Fee	Demat Account Opening Fee : ₹0 (Free)	Demat Account Opening Fee : ₹0 (Free)
Demat Account AMC	Demat Account AMC : ₹0 (Free)	Demat Account AMC : ₹0 (Free)
Trading Account AMC	Trading Account AMC : ₹0 (Free)	Trading Account AMC : ₹0 (Free)

Groww vs Upstox Brokerage Charges

Groww Brokerage Charges Equity Delivery is Rs.20 per executed order or 0.05% of order value and Equity Intraday is Rs.20 per executed order or 0.05% of order value and Equity Options is Flat Rs.20 per Trade . Upstox Brokerage Charges Equity Delivery is ₹20 per executed order or 2.5% whichever is lower and Equity Intraday is ₹20 per executed order or 0.05% whichever is lower and Equity Options is ₹20 per executed order .

	Groww		Upstox
Plan Name	Plan Name : Standard Plan	Plan Name : Basic Plan	Plan Name : Upstox Priority	Plan Name : Basic Plan
Equity Delivery	Equity Delivery : Rs.20 per executed order or 0.05% of order value	Equity Delivery : Rs.20 per executed order or 0.05% of order value	Equity Delivery : ₹20 per executed order or 2.5% whichever is lower	Equity Delivery : ₹20 per executed order or 2.5% whichever is lower
Equity Intraday	Equity Intraday : -	Equity Intraday : Rs.20 per executed order or 0.05% of order value	Equity Intraday : ₹30 per executed order or 0.10% whichever is lower	Equity Intraday : ₹20 per executed order or 0.05% whichever is lower
Equity Future	Equity Future : -	Equity Future : Flat Rs.20 per Trade	Equity Future : ₹30 per executed order or 0.10% whichever is lower	Equity Future : ₹20 per executed order or 0.05% whichever is lower
Equity Options	Equity Options : -	Equity Options : Flat Rs.20 per Trade	Equity Options : ₹30 per executed order	Equity Options : ₹20 per executed order
Currency Futures	Currency Futures : -	Currency Futures : Trade Not Available	Currency Futures : ₹30 per executed order or 0.10% whichever is lower	Currency Futures : ₹20 per executed order or 0.05% whichever is lower
Currency Options	Currency Options : -	Currency Options : Trade Not Available	Currency Options : ₹30 per executed order	Currency Options : ₹20 per executed order
Monthly Fee	Monthly Fee : -	Monthly Fee : NA	Monthly Fee : NA	Monthly Fee : NA
Margin Trading	Margin Trading : -	Margin Trading : NA	Margin Trading : Yes	Margin Trading : NA
Commodity Futures	Commodity Futures : -	Commodity Futures : Trade Not Available	Commodity Futures : ₹30 per executed order or 0.10% whichever is lower	Commodity Futures : ₹20 per executed order or 0.05% whichever is lower
Commodity Options	Commodity Options : -	Commodity Options : Trade Not Available	Commodity Options : ₹30 per executed order	Commodity Options : ₹20 per executed order

Groww vs Upstox Transaction Charges (Per Crore)

Groww Transaction Charges (Per Crore) Equity Future is NSE: 0.0019% | BSE 0.003% (each side) and Equity Options is NSE: 0.0019% | BSE 0.003% (each side) . Upstox Transaction Charges (Per Crore) Equity Future is NSE ₹210 per Cr (0.0021%) and Equity Options is NSE ₹5500 per Cr (0.055%) (on premium) .

	Groww	Upstox
Equity Delivery	Equity Delivery : NSE ₹345 per Cr \| BSE ₹345 per Cr	Equity Delivery : NSE ₹325 per Cr (0.00325%) (each side)
Equity Intraday	Equity Intraday : NSE ₹345 per Cr \| BSE ₹345 per Cr	Equity Intraday : NSE ₹325 per Cr (0.00325%) (each side)
Equity Future *	Equity Future : NSE: 0.0019% \| BSE 0.003% (each side)	Equity Future : NSE ₹210 per Cr (0.0021%)
Equity Options *	Equity Options : NSE: 0.0019% \| BSE 0.003% (each side)	Equity Options : NSE ₹5500 per Cr (0.055%) (on premium)
Currency Futures *	Currency Futures : NA	Currency Futures : NSE ₹130 per Cr (0.0013%) \| BSE ₹26 per Cr (0.00026%)
Currency Options	Currency Options : NA	Currency Options : NSE ₹2900 per Cr (0.029%) \| BSE ₹2600 per Cr (0.026%) (on premium)
Commodity	Commodity : NA	Commodity : Group A - ₹290 per Cr (0.0029%)

Groww vs Upstox Other Charges

Groww Minimum Brokerage is ₹20 or 0.05% per executed order and Call & Trade is NA . Upstox Minimum Brokerage is 0.05% and Call & Trade is ₹20 + GST per order placed. .

	Groww	Upstox
Minimum Brokerage	Minimum Brokerage : ₹20 or 0.05% per executed order	Minimum Brokerage : 0.05%
Call & Trade	Call & Trade : NA	Call & Trade : ₹20 + GST per order placed.
Stamp Duty *	Stamp Duty : Delivery: 0.015%, Intraday: 0.03%, F&O: 0.002%	Stamp Duty : (On buy side only) Delivery: 0.015%, Intraday: 0.03%, Equity F&O: 0.002%, Commodity F&O: 0.002% and Currency F&O: 0.0001%
DP Charges (on sell side)	DP Charges (on sell side) : ₹8 + ₹5.50 (CDSL Charges) per ISIN	DP Charges (on sell side) : ₹13 plus ₹5.50 (CDSL charges) per scrip.
Other Miscellaneous Charges	Other Miscellaneous Charges : Physical Contract Note:₹20+Courier; ₹50Auto square	Other Miscellaneous Charges : Adhoc / Non periodic statement requests: ₹25

Groww vs Upstox Features

Groww and Upstox both offer a host of features, trading tools & platforms to their clients. Their comparative analysis is in the below table:

	Groww	Upstox
Trading Platform	Trading Platform : Groww Web , Groww Mobile	Trading Platform : Upstox Pro Web, Dartstock, NEST Trader, Fox Trader
Placing orders through charts	Placing orders through charts : No	Placing orders through charts : -
Trading Alerts	Trading Alerts : Yes	Trading Alerts : Yes
Research and Advice / Trading Tips	Research and Advice / Trading Tips : No	Research and Advice / Trading Tips : No
Detailed Education Initiatives	Detailed Education Initiatives : No	Detailed Education Initiatives : No
Unique features & Offers	Unique features & Offers : Single platform for stocks, MFs, Gold, IPOs, ETFs,	Unique features & Offers : Single platform for stocks, MFs, Gold, IPOs, ETFs,
Referral Program	Referral Program : No	Referral Program : Yes
Margin Against Shares (Equity Cash) *	Margin Against Shares (Equity Cash) : No	Margin Against Shares (Equity Cash) : Yes
Margin Against Shares (Equity F&O) *	Margin Against Shares (Equity F&O) : No	Margin Against Shares (Equity F&O) : Yes

Groww vs Upstox Demat Account Charges

A comparative table of various demat account charges between Groww and Upstox is below:

	Groww	Upstox
Depository Service Provider	Depository Service Provider : CDSL	Depository Service Provider : CDSL
Account Opening Fee	Account Opening Fee : ₹0 (Free)	Account Opening Fee : ₹0 (Free)
Advance Deposit	Advance Deposit : NIL	Advance Deposit : NIL
AMC	AMC : ₹0 (Free)	AMC : ₹300
Dematerialisation Charges	Dematerialisation Charges : ₹150 per certificate + courier charges	Dematerialisation Charges : ₹2 per certificate + courier charges of ₹35 per demat request for every 500 grams.
Rematerialisation Charges	Rematerialisation Charges : ₹150 per certificate + courier charges	Rematerialisation Charges : ₹25 per certificate or 0.05% of the value whichever is higher
Transaction Charges (Credit)	Transaction Charges (Credit) : NA	Transaction Charges (Credit) : -
Transaction Charges (debit)	Transaction Charges (debit) : ₹8 + ₹5.50 (CDSL Charges) per ISIN	Transaction Charges (debit) : ₹20 per debit instruction
Pledge Creation Charges	Pledge Creation Charges : ₹20 + ₹12 per request (CDSL Charges))	Pledge Creation Charges : 0.02% of transaction charges subject to a minimum of ₹50 + NSDL/CDSL charges at actual
Pledge Creation Confirmation Charges	Pledge Creation Confirmation Charges : ₹20 + ₹12 per request (CDSL Charges))	Pledge Creation Confirmation Charges : 0.02% of transaction charges subject to a minimum of ₹50 + NSDL/CDSL charges at actual
Pledge Invocation Charges	Pledge Invocation Charges : ₹20	Pledge Invocation Charges : 0.05% of transaction charges subject to a minimum of ₹50
Failed Instruction Charges	Failed Instruction Charges : ₹50 per ISIN	Failed Instruction Charges : ₹50 per transaction
Other Charges	Other Charges : KYC Modification Request : ₹50	Other Charges : Demat Rejection Charges: ₹35 per rejection

Groww vs Upstox Basic Details

Groww Year of Incorporation is 2016 and Total Number of Clients is 2964344 and . Upstox Year of Incorporation is 2012 and Total Number of Clients is 4551755 and Total Number of Branches is 4 .

	Groww	Upstox
Year of Incorporation	Year of Incorporation : 2016	Year of Incorporation : 2012
Active Exchange Memberships	Active Exchange Memberships : NSE and BSE	Active Exchange Memberships : BSE, NSE, MCX
Demat Services	Demat Services : From CDSL	Demat Services : No
Website	Website : https://groww.in/	Website : www.upstox.com
Contact Details	Contact Details : -	Contact Details : +91-22-6130-9999
Total Number of Clients	Total Number of Clients : 2964344	Total Number of Clients : 4551755
Total Number of Branches	Total Number of Branches : -	Total Number of Branches : 4
Products *	Products : GROWW MOBILE APP	Products : Upstox Pro Web,Upstox Pro Mobile, Nest Desktop.

Groww vs Upstox Leverage

Leverage

	Groww	Upstox
Equity Delivery	Equity Delivery : 1x (no margin)	Equity Delivery : 1x (no margin)
Equity Intraday	Equity Intraday : Up to 8x (based on the stock)	Equity Intraday : Basic: 15x \| Priority: 20x \| Basic CO: 20x \| Priority CO: 27x
Equity Futures	Equity Futures : NA	Equity Futures : Basic: 3x \| Priority: 3x \| Basic CO: 5x \| Priority CO: 6x
Equity Options	Equity Options : NA	Equity Options : Basic: 3x \| Priority: 3x \| Basic CO: 3x \| Priority CO: 3x
Currency Futures	Currency Futures : NA	Currency Futures : Basic:4x \| Priority:4x \| Basic CO:4x \| Priority CO:5x
Currency Options	Currency Options : NA	Currency Options : Basic: 4x \| Priority: 4x \| Basic CO: 4x \| Priority CO: 5x
Commodity Futures	Commodity Futures : NA	Commodity Futures : Basic: 2.5x \| Priority: 3x \| Basic CO: 3x \| Priority CO: 4x
Commodity Options	Commodity Options : NA	Commodity Options : -
F&O (Eq, Curr, Comm)	F&O (Eq, Curr, Comm) : -	F&O (Eq, Curr, Comm) : -

Groww vs Upstox Orders

Orders

	Groww	Upstox
Cover Orders (CO)	Cover Orders (CO) : NO	Cover Orders (CO) : Yes
Bracket orders / One Cancels Other (BO / OCO)	Bracket orders / One Cancels Other (BO / OCO) : NO	Bracket orders / One Cancels Other (BO / OCO) : Yes
After Market Orders (AMO)	After Market Orders (AMO) : No	After Market Orders (AMO) : Yes
Buy Today Sell Tomorrow (BTST) *	Buy Today Sell Tomorrow (BTST) : Yes	Buy Today Sell Tomorrow (BTST) : Yes
Sell Today Buy Tomorrow (STBT) *	Sell Today Buy Tomorrow (STBT) : No	Sell Today Buy Tomorrow (STBT) : No
Good Till Cancelled (GTC) *	Good Till Cancelled (GTC) : No	Good Till Cancelled (GTC) : No

Groww vs Upstox Research and Advice / Trading Tips

Research and Advice / Trading Tips

	Groww	Upstox
Equity Trading Recommendation *	Equity Trading Recommendation : No	Equity Trading Recommendation : No
Equity Investment Recommendation *	Equity Investment Recommendation : No	Equity Investment Recommendation : No
Recommendation basis risk Profile *	Recommendation basis risk Profile : No	Recommendation basis risk Profile : No
Comparison *	Comparison : No	Comparison : No
Free Tips *	Free Tips : No	Free Tips : No
Daily Market report *	Daily Market report : No	Daily Market report : No
ETF research *	ETF research : No	ETF research : No
Quarterly Results *	Quarterly Results : No	Quarterly Results : No

Groww vs Upstox Franchisee / Authorized Person related information

Franchisee / Authorized Person related information

	Groww	Upstox
Availability for franchisee / AP	Availability for franchisee / AP : NA	Availability for franchisee / AP : -
Investment required for Franchisee / AP	Investment required for Franchisee / AP : NA	Investment required for Franchisee / AP : -

Groww vs Upstox Product & Services

Groww and Upstox both offer a host of Products & Services for a better trading experience for their clients. Their comparative analysis is in the below table:

	Groww	Upstox
Delivery Based Trading *	Delivery Based Trading : Yes	Delivery Based Trading : Yes
Margin Trading *	Margin Trading : NA	Margin Trading : Yes
Call in Trade *	Call in Trade : NA	Call in Trade : Yes
Trading in Both the exchanges *	Trading in Both the exchanges : Yes	Trading in Both the exchanges : Yes
Limit Order *	Limit Order : Yes	Limit Order : Yes
3-in-1 On-line Trading Account *	3-in-1 On-line Trading Account : No	3-in-1 On-line Trading Account : No
NRI Services *	NRI Services : NO	NRI Services : Yes
SMS Alerts *	SMS Alerts : YES	SMS Alerts : No
Offers Multiple Plan *	Offers Multiple Plan : No	Offers Multiple Plan : No
IPO Investment *	IPO Investment : YES	IPO Investment : No
Portfolio Analysis *	Portfolio Analysis : NO	Portfolio Analysis : Yes
Advanced Charting Features *	Advanced Charting Features : No	Advanced Charting Features : Yes
Brokerage Calculator *	Brokerage Calculator : Yes	Brokerage Calculator : Yes
Margin Calculator *	Margin Calculator : Yes	Margin Calculator : Yes
Stop Loss Order *	Stop Loss Order : Yes	Stop Loss Order : Yes
Bracket Orders & Trailing Stop Loss *	Bracket Orders & Trailing Stop Loss : No	Bracket Orders & Trailing Stop Loss : Yes
Equity Future & Option Trading *	Equity Future & Option Trading : No	Equity Future & Option Trading : Yes
Currency Future & Option Trading *	Currency Future & Option Trading : No	Currency Future & Option Trading : Yes
Market Trading *	Market Trading : Yes	Market Trading : Yes
Monthly & Yearly Plan *	Monthly & Yearly Plan : No	Monthly & Yearly Plan : No
Aumtomated Trading *	Aumtomated Trading : No	Aumtomated Trading : No

Groww vs Upstox Customer Services

Groww and Upstox both offer a host of Customer service options to their clients to quickly solve their queries or grievances if any. Their comparative analysis is in the below table:

	Groww	Upstox
Toll Free Number *	Toll Free Number : No	Toll Free Number : No
Live Chat Facility *	Live Chat Facility : No	Live Chat Facility : Yes
Email Facility *	Email Facility : Yes	Email Facility : Yes
Branch Offices *	Branch Offices : No	Branch Offices : Yes
Customer Care *	Customer Care : No	Customer Care : Yes
Community Service *	Community Service : No	Community Service : Yes
Relationship Manager *	Relationship Manager : No	Relationship Manager : No
24/7 Support *	24/7 Support : No	24/7 Support : No

Groww vs Upstox Other Investement

Groww and Upstox both offer a lot of investment avenues apart from Stock trading on their platforms to their clients to make a better trading experience. Their comparative analysis is in the below table:

	Groww	Upstox
Commodity Trading *	Commodity Trading : No	Commodity Trading : Yes
Investment in ETFs *	Investment in ETFs : Yes	Investment in ETFs : Yes
Investment in Mutual Funds *	Investment in Mutual Funds : Yes	Investment in Mutual Funds : Yes
Investment in Bonds *	Investment in Bonds : No	Investment in Bonds : No
Investment in Corporate Debt instruments *	Investment in Corporate Debt instruments : No	Investment in Corporate Debt instruments : No
Insurance Services *	Insurance Services : No	Insurance Services : No
Banking Services *	Banking Services : No	Banking Services : No

Groww vs Upstox Trading PlatForm

Groww and Upstox both offer a host of Trading Platform for a better trading experience for their clients. Their comparative analysis is in the below table:

	Groww	Upstox
Web Platform *	Web Platform : Yes	Web Platform : Yes
Android Mobile App *	Android Mobile App : Yes	Android Mobile App : Yes
Desktop Windows *	Desktop Windows : No	Desktop Windows : Yes
Desktop Mac *	Desktop Mac : No	Desktop Mac : No
I-Pad App *	I-Pad App : Yes	I-Pad App : Yes
Virtual Trading *	Virtual Trading : No	Virtual Trading : No
iPhone Mobile App *	iPhone Mobile App : Yes	iPhone Mobile App : Yes
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