Zerodha and Groww are two popular investment apps in India. Both offer a user-friendly platform for users to invest in various financial instruments, including stocks, mutual funds, and more. Here’s a detailed article on both apps, their features, and their charges.
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Zerodha App:
Zerodha is a popular discount brokerage firm in India that offers an online trading platform to its clients. The company’s app is user-friendly and offers a range of features to investors, including access to equity and commodity markets, mutual funds, and more. Here are some of the key features of the Zerodha app:
- Trading and investment: The app offers seamless trading and investment in stocks, commodities, currencies, and more. Users can also invest in mutual funds through the platform.
- Zero brokerage charges: Zerodha is a discount brokerage firm that charges zero brokerage fees for equity investments.
- Direct mutual fund investments: Zerodha offers direct mutual fund investments with zero commission fees.
- Real-time market data: The app provides real-time market data, news, and alerts to help investors make informed decisions.
- Advanced charting: The app offers advanced charting tools to help users analyze market trends and patterns.
- Kite connect API: Zerodha’s Kite Connect API allows developers to build trading and investment platforms on top of Zerodha’s infrastructure.
Zerodha charges the following fees:
- Equity delivery trades: Zero brokerage fees.
- Equity intraday trades: 0.03% or Rs. 20 per executed order, whichever is lower.
- Equity futures trades: 0.03% or Rs. 20 per executed order, whichever is lower.
- Equity options trades: Rs. 20 per executed order.
- Commodity futures trades: 0.03% or Rs. 20 per executed order, whichever is lower.
- Commodity options trades: Rs. 20 per executed order.
- Mutual fund investments: Zero commission fees for direct mutual fund investments.
Groww App:
Groww is an online investment platform that allows users to invest in mutual funds, stocks, and other financial instruments. The app is easy to use and offers a range of features to help users invest in a hassle-free manner. Here are some of the key features of the Groww app:
- Direct mutual fund investments: Groww offers direct mutual fund investments with zero commission fees.
- Equity investments: Users can invest in stocks through the app.
- Paperless account opening: The app allows users to open an account in a paperless and hassle-free manner.
- Easy tracking: The app allows users to track their investments easily and provides regular updates.
- Auto-invest: The app offers an auto-invest feature that allows users to invest in mutual funds regularly.
- User-friendly interface: The app is easy to use and has a user-friendly interface.
Groww charges the following fees:
- Equity delivery trades: Zero brokerage fees.
- Equity intraday trades: Rs. 20 per executed order.
- Equity futures trades: Rs. 20 per executed order.
- Equity options trades: Rs. 20 per executed order.
- Commodity futures trades: Rs. 20 per executed order.
- Commodity options trades: Rs. 20 per executed order.
- Mutual fund investments: Zero commission fees for direct mutual fund investments.
Both Zerodha and Groww are popular investment apps in India that offer a range of features to users. Zerodha is a discount brokerage firm that charges zero brokerage fees for equity investments and offers a range of trading and investment
