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Upstox vs Groww – Compare Charges, Trading Features, Offers & more

Find a Comparison of Upstox vs Groww here. You can compare their brokerage, demat accounts, trading platforms, offers, products & services, support, complaints & more.

This comparison will help you decide which broker is best for you. So, let us go through a detailed comparison of Upstox and Groww.

Background

Year of Incorporation 2010 2017
Website https://upstox.com/ https://groww.in/
Phone 022 - 41792999 +91 9108800604
Exchanges enabled NSE, BSE & MCX NSE, BSE, MCX & NCDEX
Demat (NSDL/CDSL) CDSL NSDL
Financial Health

Equity & Commodity Consolidated
Look for Brokerages with higher profit, low debt, higher Profit to Equity Ratio   which will indicate the profitability based on capital deployed, and atleast Rs 50 crores Balance sheet size. If a broker is in financial trouble, it will first start showing up on his balance sheet.

Profit after Tax FY11/12 Rs 16 Lakhs Rs 7.6 crores
Profit after Tax FY12/13 Rs 24 lakhs Rs 10.48 crores
Profit after Tax FY13/14 Rs 68 Lakhs Rs 13.78 Crore
Profit after Tax FY 14/15 Rs 71 Lakhs Rs 15.92 Crore
Profit after Tax FY 15/16 Rs 73 Lakhs Rs 12.85 Crore
Profit after Tax FY 16/17 Rs 77 Lakhs Rs 12.11 Crore
Profit after Tax FY 17/18 Rs 80 Lakhs Rs 16.09 Crore
Profit after Tax FY 18/19 Rs 86 Lakhs Rs 13.68 Crore
Profit after Tax FY 19/20 Rs 88 Lakhs Rs 14.66 Crore
Profit after Tax FY 20/21 Rs 92 Lakhs Rs 16.37 Crore
Profit after Tax FY 21/22 Rs 95 Lakhs Rs 18.69 Crore
Profit after Tax FY 22/23 Rs 97 Lakhs Rs 20.27 Crore
Debt FY11/12 0 Rs 51 Crores
Debt FY12/13 0 Rs 41.5 Crores
Debt FY13/14 Rs 1.38 Crores Rs 42.93 Crore
Debt FY14/15 Rs 1.77 Crores Rs 49.48 Crore
Debt FY15/16 Rs 2.13 Crores Rs 41.73 Crore
Debt FY16/17 Rs 2.44 Crores Rs 54.26 Crore
Debt FY17/18 Rs 2.87 Crores Rs 69.77 Crore
Debt FY18/19 Rs 3.11 Crores Rs 57.16 Crore
Debt FY19/20 Rs 3.56 Crores Rs 51.39 Crore
Debt FY20/21 Rs 3.91 Crores Rs 57.47 Crore
Debt FY21/22 Rs 4.18 Crores Rs 77.59 Crore
Debt FY22/23 Rs 4.40 Crores Rs 80.11 Crore
Profit to Equity(%) FY11/12 3.48 62.90
Profit to Equity(%) FY12/13 5.10 12.38
Profit to Equity(%) FY13/14 13.73 14.86
Profit to Equity(%) FY14/15 15.70 17.05
Profit to Equity(%) FY15/16 16.22 14.29
Profit to Equity(%) FY16/17 16.87 19.11
Profit to Equity(%) FY17/18 17.42 21.51
Profit to Equity(%) FY18/19 17.99 18.17
Profit to Equity(%) FY19/20 18.54 14.49
Profit to Equity(%) FY20/21 19.01 18.46
Profit to Equity(%) FY21/22 21.58 14.70
Profit to Equity(%) FY22/23 22.15 25.75
Balance Sheet Size FY11/12 Rs 6.23 Crores Rs 304 Crores
Balance Sheet Size FY12/13 Rs 15.10 Crores Rs 296.15 Crores
Balance Sheet Size FY13/14 Rs 27.97 Crores Rs 333.40 Crore
Balance Sheet Size FY14/15 Rs 28.78 Crores Rs 306.36 Crore
Balance Sheet Size FY15/16 Rs 29.94 Crores Rs 533.57 Crore
Balance Sheet Size FY16/17 Rs 30.25 Crores Rs 544.52 Crore
Balance Sheet Size FY17/18 Rs 31.87 Crores Rs 425.01 Crore
Balance Sheet Size FY18/19 Rs 32.55 Crores Rs 580.32 Lakh
Balance Sheet Size FY19/20 Rs 33.90 Crores Rs 570.35 Lakh
Balance Sheet Size FY20/21 Rs 34.52 Crores Rs 411.29 Lakh
Balance Sheet Size FY21/22 Rs 35.55 Crores Rs 459.35 Lakh
Balance Sheet Size FY22/23 Rs 36.10 Crores Rs 462.11 Lakh
Brokerage

Equity Rs 20/executed order per intraday equity, Equity delivery free Yearly Plan: Rs 10000, Monthly Plan: Rs 1000/month , Normal : Rs 10 per executed order or 2.5% whichever is lower
Equity Futures Rs 20/executed order Yearly Plan: Rs 10000, Monthly Plan: Rs 1000/month , Normal : Rs 10 per executed order or 2.5% whichever is lower
Equity Options Rs 20/executed order Yearly Plan: Rs 10000, Monthly Plan: Rs 1000/month , Normal : Rs 10 per executed order or 0.01% whichever is lower
Currency Futures Rs 20/executed order Yearly Plan: Rs 10000, Monthly Plan: Rs 1000/month , Normal : Rs 10 per executed order or 0.01% whichever is lower
Currency Options Rs 20/executed order Yearly Plan: Rs 10000, Monthly Plan: Rs 1000/month , Normal : Rs 10 per executed order or 0.01% whichever is lower
Commodity Rs 20/executed order Yearly Plan: Rs 10000, Monthly Plan: Rs 1000/month , Normal : Rs 10 per executed order or 0.01% whichever is lower
Account Opening Costs

Trading only Rs 250 NA
Trading & Demat Rs 460 Rs. 555
Commodity Rs 250 Rs. 555
Transparency & other costs

Double check on if you are paying much higher other/turnover costs, make sure to compare

Equity 0.0035% on Turnover 0.00325%
Futures 0.0021% on Turnover 0.0035%
Options 0.059% on Premium Turnover 0.07%
Commodities 0.0036% on Turnover 0.004%
AMC charge Trading: 0, Rs 400/year for Demat Rs. 400
DP Transaction Charge Rs 22/debit transaction Rs.15 within DP Rs.25 Outside DP
Offline order placing Charge Rs 25/order placed on the phone Rs 25
Platforms

Software
Web/HTML 5
Mobile
Charting

Intraday 22 days 22 days
End of Day 10 years 10 days
Coding/Backtesting
Reporting

Online Trade Reports
Online PNL Reports
Online Contract Notes
Margins

Leverage Provided

Equity Upto 20 times for intraday, 0 for delivery Upto 5 times for intraday
Equity Futures Upto 4 times for intraday Upto 2 times for intraday
Equity Options Buying no leverage, shorting upto 4 times for intraday No leverage
Currency Futures Upto 4 times for intraday Upto 2 times for intraday
Currency Options Buying no leverage, shorting upto 4 times for intraday No leverage
Commodity Upto 3 times for intraday Upto 2 times for intraday
Support & Tools

Research & Tips
Brokerage Calculator
Margin Calculator
Bracket orders & Trailing Stoploss
Training & Education
Convenience

3 in 1 Account
Instant Fund withdrawal
Relationship Managers
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Upstox Vs SMC Global Groww Vs SMC Global
Upstox Vs SBICAP Securities Groww Vs SBICAP Securities
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Upstox Vs RKGlobal Groww Vs RKGlobal
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Upstox Vs Nirmal Bang Groww Vs Nirmal Bang
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Upstox Vs Kotak Securities Groww Vs Kotak Securities
Upstox Vs Interactive Brokers Groww Vs Interactive Brokers
Upstox Vs Indiainfoline Groww Vs Indiainfoline
Upstox Vs Indiabulls Securities Groww Vs Indiabulls Securities
Upstox Vs IDBI Capital Groww Vs IDBI Capital
Upstox Vs HDFC Securities Groww Vs HDFC Securities
Upstox Vs Geojit Groww Vs Geojit
Upstox Vs Fyers Securities Groww Vs Fyers Securities
Upstox Vs Edelweiss Capital Groww Vs Edelweiss Capital
Upstox Vs Easytradez Groww Vs Easytradez
Upstox Vs Asthatrade Groww Vs Asthatrade
Upstox Vs Anand Rathi Groww Vs Anand Rathi
Upstox Vs Aditya Birla Money Groww Vs Aditya Birla Money
Upstox Vs Achiievers Groww Vs Achiievers
Upstox Vs A C Choksi Groww Vs A C Choksi
Upstox Vs Angel Broking Groww Vs Angel Broking
Upstox Vs Motilal Oswal Groww Vs Motilal Oswal
Upstox Vs ICICI Direct Groww Vs ICICI Direct
Upstox Vs Sharekhan Groww Vs Sharekhan
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Frequently Asked Questions

Is Upstox better than Groww ?

Upstox and Groww are both discount broker companies. Thus, we need to look at the details such as brokerage charges, account opening fees, trading platforms, and more to find out which is a better stockbroker between them.

Is Groww better than Upstox ?

Upstox and Groww are both discount broker companies. Thus, we need to look at the details such as brokerage charges, account opening fees, trading platforms, and more to find out which is a better stockbroker between them.

Is Upstox cheaper than Groww ?

Upstox and Groww are both discount broker companies. Since these are discount brokers, the brokerage fees are generally on the lower side. The brokerage fee, in general, will be very close for both of these brokers. To find out the cheaper broker for your needs, look at the brokerage charges in detail.

Is Groww cheaper than Upstox ?

Upstox and Groww are both discount broker companies. Since these are discount brokers, the brokerage fees are generally on the lower side. The brokerage fee, in general, will be very close for both of these brokers. To find out the cheaper broker for your needs, look at the brokerage charges in detail.

Which is better Upstox vs. Groww ?

To find out the better of the two stockbrokers Upstox and Groww, compare them based on brokerage charges, trading platforms, Demat account opening fees, research, advisory services, etc.