Zerodha vs Groww 2026 — Which is Better for IPO?
Side-by-side comparison of Zerodha and Groww on IPO features, fees, app ratings, and platform capabilities. Updated for 2026.
Zerodha
★ 4.5 · 1.6 Cr+ · Kite
Wins on
- ✓Higher IPO rating (4.8★)
- ✓SME IPO support
- ✓Net Banking ASBA
- ✓Full ASBA support
- ✓Free equity delivery
Loses on
- ✗Higher app rating (4.5★)
- ✗Lower AMC (Free)
Groww
★ 4.3 · 2 Cr+ · Groww App
Wins on
- ✓Higher app rating (4.5★)
- ✓Lower AMC (Free)
Loses on
- ✗Higher IPO rating (4.8★)
- ✗SME IPO support
- ✗Net Banking ASBA
| Feature | Zerodha★ 4.5 | Groww★ 4.3 |
|---|---|---|
| IPO Features | ||
| IPO Rating | ★ 4.8 | ★ 4.5 |
| Application Time | 2 min | 2 min |
| UPI ASBA | ✅ | ✅ |
| Net Banking ASBA | ✅ | ❌ |
| SME IPO Support | ✅ | ❌ |
| NRI IPO Support | ❌ | ❌ |
| Fees | ||
| Account Opening | Free | Free |
| Annual Maintenance | ₹300/year | Free |
| Equity Delivery | Free | ₹20/order |
| Intraday | ₹20/order | ₹20/order |
| F&O | ₹20/order | ₹20/order |
| DP Charge (sell) | ₹15.34 + GST | ₹20 + GST |
| Platform | ||
| App Rating | 4.4 / 5 | 4.5 / 5 |
| Trading Platform | Kite | Groww App |
| Founded | 2010 | 2016 |
| Open account | Active traders Open Zerodha | First-time investors Open Groww |
Verdict — Which Should You Choose?
Choose Zerodha if you are active traders. Key strengths versus Groww: Higher IPO rating (4.8★); SME IPO support; Net Banking ASBA.
Choose Groww if you are first-time investors. Key strengths versus Zerodha: Higher app rating (4.5★); Lower AMC (Free).
Frequently Asked Questions
Which is better for IPO — Zerodha or Groww?
Zerodha has the higher overall IPO rating (4.8/5). Zerodha is best for active traders, while Groww is best for first-time investors.
Which broker has lower charges — Zerodha or Groww?
Groww has lower AMC charges. Zerodha AMC is ₹300/year; Groww AMC is Free. Equity delivery: Zerodha Free; Groww ₹20/order.
Can I apply for SME IPOs on both Zerodha and Groww?
Zerodha supports SME IPO applications. Groww does not support SME IPOs.
Does Zerodha or Groww support NRI investors?
Neither Zerodha nor Groww supports NRI IPO applications. For NRI IPO access, consider Angel One, Kotak Securities, HDFC Securities or Motilal Oswal.
Which broker is better for beginners — Zerodha or Groww?
Groww is generally better for beginners. Zerodha platform: Kite (4.4/5). Groww platform: Groww App (4.5/5).