Upstox and Groww are both popular investment apps in India, each with its own unique features and benefits. Here’s a breakdown of both apps to help you determine which one might be best for you:
Which app is best Upstox or Groww?
Upstox:
Upstox is a popular discount brokerage platform that offers a range of investment options including stocks, commodities, currency, derivatives, and mutual funds.
Here are some key features of Upstox:
- Zero brokerage charges for equity delivery trades
- Low brokerage charges for intraday, futures and options trades
- Advanced trading tools and charting software
- Multiple order types and advanced order management
- Easy and fast account opening process
Groww:
Groww is a user-friendly investment app that allows users to invest in mutual funds, stocks, ETFs, and more.
Here are some key features of Groww:
- Zero brokerage charges for mutual fund investments
- User-friendly interface and easy-to-use app
- Simplified investment process with a paperless account opening process
- Educational resources for new investors
- Mutual fund recommendations and analysis
| Features | Upstox | Groww |
|---|---|---|
| Downloads | 1 Cr | 2 Cr |
| Active user | 50L | 1Cr |
| Established year | 2013 | 2016 |
| Account Opening change | 250+ | Zero |
| Account maintenance charges | 150 per year with GST | Zero |
| Brokerage | Equity Delivery: 0 change Equity Intraday: 20rs per Exected order or 0.03% which ever is lower | it will be charged at 0.05% of turnover (Max rs 20) per Exected order |
| services | Equity, Commodity, currency, Future and options | Equity, future and options |
| Mutual fund | Regular | Regular and Direct |
| Margin funding | Yes | No |
Download: Groww App (Create your Free Demat Account)
Both Upstox and Groww have their own unique features, so the choice ultimately comes down to your personal investment goals and preferences. If you are looking for a platform with more advanced trading tools and a wider range of investment options, Upstox may be the better choice. If you are looking for a simple and user-friendly platform to invest in mutual funds, Groww may be the better choice.