Groww vs Upstox
Brokerage, charges, app and account-opening compared side-by-side for Groww and Upstox — the verified numbers, not the marketing pitch.
Who each broker fits
First-time and casual investors who want one clean app for stocks, mutual funds and FDs.
Active traders who want simple flat-₹20 pricing and a fast mobile-first app.
Brokerage side-by-side
Headline brokerage on each broker’s default plan. The lower value in each row is highlighted. On top of brokerage you pay STT, exchange transaction charges, SEBI fee, stamp duty, GST and DP charges — see the full landed cost on the brokerage calculator.
The apps compared
- Stocks, mutual funds, US stocks, and FDs in one app
- IPO application via UPI
- Direct mutual funds — zero commission, one-tap SIP
- Portfolio tracker with P&L view
- Charts with technical indicators
- Flat ₹20 pricing surfaced on the order ticket
- Equity, F&O, currency, mutual funds, IPO
- Basket, cover, and bracket orders
Which one should you pick?
No single broker wins for every investor. The right pick depends on what you actually trade — and the “cheaper” broker on one segment can be the more expensive one on another. Use the calculators below to plug in your typical trade size and see the real landed cost for each.
Groww is one of India's largest discount brokers.
Frequently asked
What people ask about Groww vs Upstox.
On equity delivery, Groww charges ₹20 / 0.1% (min ₹5) and Upstox charges Flat ₹20. On intraday, Groww is ₹20 / 0.1% (min ₹5), Upstox is ₹20 / 0.1%. On options, Groww is Flat ₹20, Upstox is Flat ₹20. Brokerage is one side of the story — STT, exchange transaction charges, SEBI fee, stamp duty, GST and DP charges also apply. Compare the all-in landed cost on the brokerage calculator before deciding.
First-time and casual investors who want one clean app for stocks, mutual funds and FDs. Active traders who want simple flat-₹20 pricing and a fast mobile-first app. Beginners typically care more about the app experience and the onboarding flow than the last ₹2 of brokerage — open the apps on the Play Store or App Store and look at the one you would actually use every week.
Yes. SEBI allows multiple trading accounts. Your demat can be with one broker and a separate trading account with another. Many active traders keep two — a low-cost discount broker for execution and a full-service broker for research. Watch the AMC and inactivity charges on whichever account you use less.
Both are SEBI-registered and members of NSE / BSE. Demat sits with CDSL or NSDL — the broker doesn't hold your shares, the depository does. Funds are in a SEBI-regulated client bank account separate from the broker's own funds. The bigger risk to manage is account-level fraud (phishing, OTP sharing), which is identical across brokers.
Open the Upstox account online with PAN, Aadhaar and bank details. Then use the CDSL / NSDL "off-market transfer" / DIS or the new EASI-EASIEST transfer flow to move shares from Groww's demat to Upstox's. You don't need to sell anything. Close the old account afterwards to stop the AMC.