NIFTY24,173.050.84%
SENSEX77,664.001.09%
BANKNIFTY56,305.001.43%
NIFTY IT30,124.301.22%
PHARMA22,986.352.36%
AUTO25,828.102.35%
FMCG51,140.500.11%
METAL12,786.250.82%
REALTY788.651.83%
ENERGY39,996.750.25%
NIFTY24,173.050.84%
SENSEX77,664.001.09%
BANKNIFTY56,305.001.43%
NIFTY IT30,124.301.22%
PHARMA22,986.352.36%
AUTO25,828.102.35%
FMCG51,140.500.11%
METAL12,786.250.82%
REALTY788.651.83%
ENERGY39,996.750.25%

Side-by-Side Compare Table

CategoryGrowwUpstox
Basic Details
  • Broker Type: Digital-first discount broker
  • Founded: 2016 (broking entity expanded later from MF platform)
  • Broker Type: Discount broker
  • Founded: Legacy RKSV/Upstox retail broking entity
Charges & AMC
  • Trading and Demat Account Opening: Rs 0
  • Trading AMC: Rs 0
  • Account Opening: Rs 0
  • Demat AMC: Rs 150 per year (first-year concessions may apply in offers)
Brokerage
  • Equity Delivery: Lower of Rs 20 or 0.05% per order
  • Equity Intraday: Lower of Rs 20 or 0.05% per order
  • Equity Delivery: Rs 20 or 2.5% (whichever is lower)
  • Equity Intraday: Rs 20 or 0.05% (whichever is lower)
Other Charges
  • Auto square-off charge: Rs 50
  • Statutory and exchange charges apply separately.
  • Call and Trade: Rs 20 per executed order
  • Instant money transfer fee and physical statement fees may apply
Leverage (Margin)
  • Margin and leverage depend on segment and risk policy.
  • Source section introduces margin topic but does not expose one fixed leverage number in the extracted snapshot.
  • Margin/leverage is segment specific and governed by exchange/risk policies.
  • Delivery generally follows full margin and intraday can provide lower upfront margins.
Features
  • Paperless onboarding and simple UX.
  • Strong mutual fund and retail investing workflow.
  • Digital-first execution with mobile/web stack.
  • Strong derivatives support and low brokerage positioning.
Trading Platforms
  • Groww Mobile App
  • Groww Web Platform
  • Upstox Pro web platform
  • Upstox mobile app
Reviews & Ratings
  • Positioned as beginner friendly with strong app adoption.
  • In this source snapshot, no single numeric consolidated rating table is shown.
  • Commonly viewed as low-cost, trader-friendly platform.
  • In this extract, no final single consolidated numeric rating table is shown.
Investment Options
  • Equity
  • Intraday and derivatives
  • Equity
  • F&O
Order Types Offered
  • Standard market and limit order flows
  • App and web based execution
  • Standard market and limit orders
  • Delivery/intraday/F&O execution flows
Suitable For (Investor Type)
  • First-time investors preferring clean mobile-first experience.
  • Cost-conscious users who also invest in direct mutual funds.
  • Cost-sensitive active traders.
  • App-first users who want strong F&O workflow.
Pros and Cons
  • Pros:
  • Zero opening/AMC and low brokerage.
  • Pros:
  • Competitive low-cost brokerage model.

Detailed Comparison

Basic Details

GrowwUpstox
  • Broker Type: Digital-first discount broker
  • Founded: 2016 (broking entity expanded later from MF platform)
  • SEBI Registration: INZ000301838
  • NSE Member Code: 90187
  • Net Worth: Rs 1433.11 Cr
  • Broker Type: Discount broker
  • Founded: Legacy RKSV/Upstox retail broking entity
  • SEBI Registration: INZ000315837
  • NSE Member Code: 13942
  • Net Worth: Rs 839.83 Cr

Charges & AMC

GrowwUpstox
  • Trading and Demat Account Opening: Rs 0
  • Trading AMC: Rs 0
  • Demat AMC: Rs 0
  • Account Opening: Rs 0
  • Demat AMC: Rs 150 per year (first-year concessions may apply in offers)
  • App/web platform model with low-cost pricing

Brokerage

GrowwUpstox
  • Equity Delivery: Lower of Rs 20 or 0.05% per order
  • Equity Intraday: Lower of Rs 20 or 0.05% per order
  • Equity Futures: Flat Rs 20 per order
  • Equity Options: Flat Rs 20 per order
  • Direct Mutual Funds: Rs 0 commission
  • Equity Delivery: Rs 20 or 2.5% (whichever is lower)
  • Equity Intraday: Rs 20 or 0.05% (whichever is lower)
  • Equity Futures: Rs 20 or 0.05% (whichever is lower)
  • Equity Options: Flat Rs 20 per order
  • Currency/Commodity: Similar low-cost flat-fee pattern as per segment tables

Other Charges

GrowwUpstox
  • Auto square-off charge: Rs 50
  • Statutory and exchange charges apply separately.
  • Call and Trade: Rs 20 per executed order
  • Instant money transfer fee and physical statement fees may apply
  • DP sell charges and statutory charges are additional

Leverage (Margin)

GrowwUpstox
  • Margin and leverage depend on segment and risk policy.
  • Source section introduces margin topic but does not expose one fixed leverage number in the extracted snapshot.
  • Margin/leverage is segment specific and governed by exchange/risk policies.
  • Delivery generally follows full margin and intraday can provide lower upfront margins.

Features

GrowwUpstox
  • Paperless onboarding and simple UX.
  • Strong mutual fund and retail investing workflow.
  • Unified app for stocks, IPOs, ETFs, and MFs.
  • Educational resources via blogs and ebooks.
  • Digital-first execution with mobile/web stack.
  • Strong derivatives support and low brokerage positioning.
  • Direct mutual fund access with zero commission.

Trading Platforms

GrowwUpstox
  • Groww Mobile App
  • Groww Web Platform
  • 915 by Groww (advanced web terminal)
  • Upstox Pro web platform
  • Upstox mobile app

Reviews & Ratings

GrowwUpstox
  • Positioned as beginner friendly with strong app adoption.
  • In this source snapshot, no single numeric consolidated rating table is shown.
  • Commonly viewed as low-cost, trader-friendly platform.
  • In this extract, no final single consolidated numeric rating table is shown.

Investment Options

GrowwUpstox
  • Equity
  • Intraday and derivatives
  • IPO
  • ETFs
  • Direct mutual funds
  • Digital gold
  • Equity
  • F&O
  • Commodity
  • Currency
  • Mutual funds

Order Types Offered

GrowwUpstox
  • Standard market and limit order flows
  • App and web based execution
  • Advanced workflow through 915 terminal for active users
  • Standard market and limit orders
  • Delivery/intraday/F&O execution flows
  • Call-and-trade assisted execution

Suitable For (Investor Type)

GrowwUpstox
  • First-time investors preferring clean mobile-first experience.
  • Cost-conscious users who also invest in direct mutual funds.
  • Traders seeking simple flat-fee execution.
  • Cost-sensitive active traders.
  • App-first users who want strong F&O workflow.
  • Investors needing discount pricing across major segments.

Pros and Cons

GrowwUpstox
  • Pros:
  • Zero opening/AMC and low brokerage.
  • Strong digital onboarding and usability.
  • Commission-free direct mutual funds.
  • Cons:
  • Limited offline support model.
  • Advisory depth is lower than traditional full-service broker setups.
  • Pros:
  • Competitive low-cost brokerage model.
  • Broad segment coverage across equity, derivatives, commodity, and currency.
  • Free account opening and strong digital onboarding.
  • Cons:
  • Assisted services add extra charges.
  • Some advanced full-service advisory expectations may not be met.

Final Note

Use this side-by-side comparison as a starting point and verify the latest brokerage and compliance details on official broker pages before taking decisions.

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