Compare Groww vs Upstox

Trading in the stock market could be rewarding if you trade through the right platform. Whether you are an experienced investor or a beginner, choosing the right platform will help you maximize your returns and achieve your financial goals. It offers you an easy and seamless trading experience. Two such trading platforms in India are Groww and Upstox. Here is a complete review on Groww vs Upstox.

Groww vs Upstox

Groww Overview

Groww is an online broker that offers flat fee discount brokerage services. It allows investors to trade in Equity, IPOs, and Direct Mutual Funds. Under the brand name NextBillion Technology Private Limited, Groww is a SEBI-registered stockbroker and a member of NSE and BSE. It was established in 2016 and initially focused on direct mutual fund investments but later expanded to include Equity trading. The platform provides a seamless trading experience through its web and mobile app with 128-bit encryption. 

Grow also offers educational resources, free ebooks, and informative blogs to help beginners learn about stock market trading. It charges a maximum brokerage of Rs 20 per trade and has garnered over 90 lakh users, making it one of India’s fastest-growing platforms.

Upstox Overview

Upstox, a tech-first low-cost broking firm in India, provides trading opportunities at unbeatable prices. The company offers trading across various segments, including equities, commodities, currency, futures, and options. These trading options are available on its Upstox Pro web and Upstox Pro mobile platforms. Backed by investors such as Kalaari Capital, Ratan Tata, and GVK Davix, Upstox’s platform features analysis, charting, and other rich trading capabilities.

Features of Groww vs Upstox


  • Mobile app and web trading portal.
  • Commission-free and without brokerage direct investments in Groww mutual funds.
  • The fixed brokerage of ₹20 per order for trading in stocks and equity F&O.
  • Free account opening process.
  • Zero maintenance fee.
  • Investments in gold, US stocks, IPOs, SGB, and ETF are available.
  • Access to back-office and portfolio management.
  • Valuable intraday trade recommendations.
  • Leverage up to 5x for intraday trading.
  • Investments in SIP.
  • Offers Groww brokerage calculator to calculate brokerage fees.


  • Cost savings with commission-free trading. 
  • Real-time market data access.
  • 20X margin on your funds.
  • Through Upstock’s social trading platform, traders can follow and replicate the trades of successful investors.
  • Option to create customizable watchlists of stocks and ETFs.
  • Advanced charting tools and detailed stock charts for technical analysis.
  • Offers Upstox brokerage calculator and a SIP calculator to calculate brokerage and other charges.
  • Refer and earn the option to earn some extra money.

Groww and Upstox Account Opening Charges

Trading Account Opening:FreeFree
Trading Account AMC:FreeFree
Demat Account Opening:FreeFree
Demat Account AMC:FreeRs 150

Groww brokerage charges

Type of chargesCharges applied
Equity deliveryFree on Groww
Equity intradayRs.20/executed order or 0.05% of order value (whichever is lower)
AMC (Account maintenance charges)Free on Groww
DP charges – Buy orderFree on Groww
DP charges – Sell orderRs.8 + Rs.5.50 (CDSL charges) per ISIN (company/ETF) per day on Groww regardless of quantity sold
Transaction Charges– 0.00325% of order amount on NSE– 0.003% of order amount on BSE(applicable on both buy and sell)
Clearing ChargesFree on Groww
Payment gateway chargesFree on Groww
Stamp DutyMaximum of 0.018% (but different for each state)
SEBI turnover charges0.00%
Securities Transaction Tax (STT)– 0.1% of the order amount in case of equity delivery– 0.025% of the order amount in case of equity intraday
GST18% applied on charges wherever applicable

Upstox Brokerage Charges

Type of chargesCharges applied
Fixed Charges N/A
Equity Delivery Rs 20 per executed order or 2.5% whichever is low
Equity Intraday Rs 20 per executed order or 0.05% whichever is lower
Equity Futures Rs 20 per executed order or 0.05% whichever is lower
Equity Options Rs 20 per executed order
Currency Futures Rs 20 per executed order or 0.05% whichever is lower
Currency Options Rs 20 per executed order
Commodity Futures Rs 20 per executed order or 0.05% whichever is lower
Commodity Options Rs 20 per executed order
Minimum Brokerage 0.05%
Other Charges Auto Square-off Charges: Rs 50

Groww Trading Platform

  1. Groww Android and iOS Mobile App:

Groww launched this app in 2016, featuring a smart user interface that simplifies usage for beginners. The app offers a paperless account opening process, ensuring a seamless experience for new users. Its main features include customized watchlists, one-tap order placement, 10+ technical charts (with time frames from 1 minute to 1 month), and access to 10 years of price history and real-time market data.

  1. Groww Web Trading Platform:

Groww provides a free browser-accessible online web trading platform. Traders and investors can log in to their Groww account on the website and invest across various segments, including equity, derivatives, mutual funds, digital gold, US stocks, and IPOs. Beginners can also explore Groww Academy through Groww Digest, where they can learn about the stock market and stay updated with the latest financial news.

Upstox Trading Platform

  1. Upstox Pro mobile app:

The Upstox Pro mobile app provides a seamless experience for traders on the go. Features include one-tap order placement, real-time market data, and access to 10 years of price history. Traders can trade across segments such as Equities, Futures, Options, Commodities, and Currencies.

  1. Upstox Pro web trading platform:

Upstox Pro Web is a powerful platform designed for pro traders. Traders can analyze the market using TradingView charts with up to 8 charts at once, 100+ indicators, and 80+ drawing tools. Further, traders can also access OI analysis, Option Chain with Greeks, FII & DII Data, and F&O Smartlists. Lastly, it allows you to execute trades with features like GTT (Good till Triggered) orders (up to 10 orders) and 2X Margin via Margin Pledge on 450+ stocks.

Pros and Cons of Groww vs Upstox


You can invest in mutual funds without any commission fees.No option to trade in commodities and currencies.
A quick and hassle-free account opening process.No analysis, trading advice, or recommendations are provided.
Trade in US equities, US ETFs, US fixed deposits, and digital gold.Advanced orders such as GTT, bracket, cover orders, and AMO orders are not available.
A simple and intuitive user interface.There are no research reports available on stocks. Margin trading is not offered.


Start trading without any initial charges.Unlimited trading plans are not available.
You can invest in mutual funds without paying any commission.Margin funding is not offered for delivery trades.
A flat Rs 20 per trade brokerage for all segments, including equity delivery.The platform does not provide stock tips or recommendations.
Access to direct mutual fund investments.Investing in digital gold is not offered.
Margin facility available at an interest rate of Rs 20/day for slabs of Rs 40,000.An additional Rs 20 fee per executed order for call-and-trade.
Access IPOs, FPOs, Bonds, and NCDs online. Offers GTT order feature

Groww review

  • Groww charges minimum brokerage for equity delivery and offers free Demat account maintenance. However, their auto square-off charges are higher than some competitors.
  • Its user-friendly platform is accessible via app and web. They primarily offer direct mutual funds and trading in various segments.
  • Opening a Groww account is a quick online process with no physical paperwork.

Upstox review

  • Upstox offers low brokerage plans and free equity delivery. Call & trade charges are lower than competitors, but the basic plan has higher demat transaction fees. It provides a free advanced trading platform.
  • Its user-friendly platform integrates with popular third-party trading tools. Further, they offer both direct and regular mutual funds.
  • Online account opening is easy, but the offline process may be slow due to limited branches. Customer service primarily is provided through email and tickets.


In conclusion, choosing between Groww and Upstox depends largely on your individual trading needs and preferences. However, Groww could be an excellent choice for beginners with its easy-to-use interface, zero commission on mutual funds, and simplified trading process. On the other hand, Upstox provides a more comprehensive trading experience with access to a wider range of financial instruments, advanced trading options, and competitive pricing. Kindly read all the above information on Groww vs Upstox carefully before making any decision.

FAQs on Groww vs Upstox

Q1. Can I invest in international stocks through Groww?

Ans: Yes, Groww provides the opportunity to invest in foreign equities, opening up markets around the world.

Q2. What types of investment options are available on Groww?

Ans: Groww offers investing opportunities in US stocks, mutual funds, IPOs, stocks, ETFs, and digital gold.

Q3. What types of investment options are available on Upstox?

Ans: Upstox offers trading options for mutual funds, stocks, derivatives, commodities, and currencies.

Q4. What is the minimum amount required to start investing on Groww?

Ans: When investing in mutual funds on Groww, there is no minimum amount needed. If it were stocks, the minimum would be determined by the price of the stock.

Q5. Can I transfer my existing investments to Groww?

Ans: Yes, you can transfer your existing mutual fund investments to Groww through a simple transfer process known as ‘switch’.

Q6. Does Groww provide educational resources for beginners?

Ans: Groww offers seminars, tutorials, and an extensive blog to assist beginners in learning the fundamentals of investing.

Q7. How can I contact Upstox customer support?

Ans: You can contact Upstox customer support through the app, by email at [email protected], or via their customer care number.

Q8. How can I transfer my existing Demat account to Upstox?

Ans: By starting a transfer request with your current depository participant (DP) and finishing the necessary paperwork with Upstox, you may move your current Demat account to the Upstox platform.

by Instockbroker Team | June 24, 2024

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