When choosing a demat account, one of the biggest factors is:

👉 Charges

Two of the most popular brokers in India — Groww and Zerodha — offer low-cost trading.

But the real question is:

👉 Which one is actually cheaper? Groww or Zerodha?

In this detailed guide, we will break down every charge so you can make the right decision.

✅ Quick Answer

👉 Groww is cheaper for beginners (₹0 AMC)
👉 Zerodha is better for serious investors (more features)

👉 If you are new, start here:
Best Demat Account for Beginners in India

📊 Overview of Groww vs Zerodha Charges

Both brokers follow a discount model:

• Flat ₹20 per order
• Low overall cost
• Online account opening

👉 Compare full platforms:
Zerodha vs Groww for Beginners – Which Demat Account is Better?

💰 Account Opening Charges

Groww

• Account opening → ₹0
• Fully online

Zerodha

• Account opening → ₹200–₹300
• Online process

👉 Winner:

👉 Groww is cheaper (free account opening)

💰 AMC (Annual Maintenance Charges)

Groww

• ₹0 AMC

Zerodha

• ₹300 per year

👉 Winner:

👉 Groww clearly wins

👉 Learn more:
Demat Account AMC Charges Explained (2026 Guide)

📊 Brokerage Charges Comparison

Equity Delivery (Long-Term Investing)

• Groww → ₹0
• Zerodha → ₹0

👉 Both are equal

Intraday Trading

• Groww → ₹20 per order
• Zerodha → ₹20 per order

F&O Trading

• Groww → ₹20 per order
• Zerodha → ₹20 per order

👉 Conclusion:

👉 Brokerage is almost identical

👉 Full breakdown:
Zerodha Brokerage Charges Explained

👉 Also read:
Groww Brokerage Charges Explained

📊 Hidden Charges Comparison

Apart from brokerage, both brokers charge:

• STT
• GST (18%)
• Exchange charges
• SEBI charges

👉 These are fixed and same across brokers.

👉 Understand hidden costs:
Is Demat Account Free in India? Hidden Charges Explained

📊 Real Trading Example

Let’s say:

👉 You trade ₹1,00,000 intraday

Charges:

• Brokerage → ₹20
• Other charges → ₹20–₹40

👉 Total cost = ₹40–₹60

👉 Calculate yourself:
Brokerage Calculator

⚡ Platform Charges & Tools

Groww

• Simple interface
• No extra platform fee

Zerodha

• Advanced tools (Kite, Coin)
• No platform charges

👉 If you want advanced features:

👉 Zerodha is better

📈 Long-Term Investing Cost

Groww

• ₹0 AMC
• ₹0 delivery

👉 Best for passive investors

Zerodha

• ₹300 AMC
• ₹0 delivery

👉 Slightly higher cost

👉 For long-term investors:
Which Demat Account is Best for Long-Term Investment in India?

⚠️ Charges That Beginners Ignore

❌ DP Charges

Charged when you sell shares.

❌ GST

18% on brokerage

❌ Exchange Fees

Small but unavoidable

👉 Full explanation:
Demat Account Charges in India (2026 Guide)

🔄 Which is Cheaper Overall?

👉 For Beginners

👉 Groww wins

Because:

• ₹0 AMC
• Simple structure

👉 For Active Traders

👉 Both are equal

👉 For Long-Term Investors

👉 Groww slightly cheaper

📊 Groww vs Zerodha – Cost Summary

🧠 Which One Should YOU Choose?

Choose Groww if:

• You are beginner
• You want zero AMC
• You invest occasionally

Choose Zerodha if:

• You want advanced tools
• You trade frequently
• You need better analytics

👉 Compare more brokers:
Zerodha vs Groww vs Upstox (Complete Comparison Guide)

💡 Important Strategy (HIGH IMPACT)

👉 Don’t choose broker only based on charges

Focus on:

• Ease of use
• Features
• Your investing style

👉 If starting small:
How to Start Investing in Stock Market with ₹1000

🔄 Can You Use Both?

Yes.

Many users do:

• Groww → Investing
• Zerodha → Trading

👉 Learn:
Can You Have Multiple Demat Accounts with the Same Broker?

⚠️ Common Mistakes to Avoid

❌ Ignoring AMC

AMC adds cost long-term

❌ Overtrading

More trades = more charges

❌ Choosing wrong broker type

Always match your strategy

🏁 Final Verdict

👉 Groww is cheaper overall due to zero AMC

👉 Zerodha is better for advanced users

👉 Final recommendation:

• Beginner → Groww
• Serious investor → Zerodha

👉 Start here:
Best Demat Account for Beginners in India

❓ FAQs

Which is cheaper, Groww or Zerodha?

Groww is cheaper because it has zero AMC.

Does Zerodha charge AMC?

Yes, ₹300 per year.

Is Groww free?

Yes, mostly for beginners.

Which is better for trading?

Both are similar.

Can I switch later?

Yes, anytime.

👉 Must read:
Best Discount Broker in India (2026 Guide)