Is Groww App Better or Upstox for Investing as a Student?

Are you a student and you have a question? Is Groww App Better or Upstox for Investing as a Student? Both apps are good but selecting one of them requires a lot of research. Which is the cover in this article.

If we go to see, the good and bad points of both the brokers should be taken into consideration. Then it can be decided which application is better.

Introduction

If you are a student and going to start trading then you must have a question in your mind which company or broker is best to open a demat account. In this article we will talk about Upstox vs Groww application. A lot of points need to be seen to compare both brokers.

Basic comparison Upstox Vs Groww

Before opening a demat account, the basic information of the broker should be cleared first.

Segment	Upstox	Groww
Account Opening Charges	Free	Free
Number of Users	1Cr +	1Cr +
Type of Broker	Discount Broker	Discount Broker
Available Exchanges	NSE, BSE, MCX	NSE, BSE, MCX
Rating (out of 5)	4.4	4.2
Account Maintenance Charges	Free	Free

In the above table we have made a basic comparison from which you should have got a good idea. Seen here that almost all the basic parameters of Upstox and Groww are similar.

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Brokerage Charge Upstox Vs Groww

The brokerage are very important Because as many times as we trade we have to pay the charge. So the lower the charge, the more benefit we will get. But one cannot decide a broker just by looking at low charges. For which we should see parameters like Service, Application Speed, User Friendly System etc.

Brokerage	Upstox	Groww
Equity Delivery	₹20 or 2.5% Whichever is lower	₹20 or 0.05% Whichever is lower
Equity Intraday	₹20 or 0.05% Whichever is lower	₹20 or 0.05% Whichever is lower
Equity Option	Flat ₹20 per executed order	Flat ₹20 per executed order
Equity Future	₹20 or 0.05% Whichever is lower	Flat ₹20 per executed order
Commodity Option	Flat ₹20 per executed order	NA
Commodity Future	₹20 or 0.05% Whichever is lower	NA
Currency Option	Flat ₹20 per executed order	NA
Currency Future	₹20 or 0.05% Whichever is lower	NA
Auto Square off Charges	₹50 + 18% GST	₹50 + 18% GST
Other Charges	NA	NA

Here you may get a little confused in the calculation of the chargers mentioned above. So let\’s understand with example to remove confusion.

For example, Yash use Upstox and Sagar Use Groww application. Both take equity delivery of Rupees 1000. It is clearly written in the chargers that the charge which is lower will be applicable.

Upstox Vs Groww Account Feature & Revenue

Talking about the features of both the applications, almost both of them have the same features. In which both brokers provide essential features like SMS Alert, Guest Demo, Online Portfolio, Referral Program, Margin Funding etc.

Both the brokers Groww and Upstox have mobile applications available which you can simply download. Both brokers are available in the web application where Groww and Upstox web applications are Groww Web and Upstox Pro Web respectively. If you need a desktop application then it is also available in both brokers which you can download from their official website.

Upstox was launched in 2009 and Groww was launched in 2017. Although Groww was launched in 2017, it has made great progress. If we talk about the revenue of the financial year 2023, then both the brokers have made a very good revenue. In which Upstox has earned more than 1000 crores and Groww has earned more than 1200 crores in FY23.

Groww has a 4.2 out of 5 star In which a total of 1 Million people have given reviews to Groww and Upstox has a 4.4 out of 5 star In which a total of 298k people have given reviews to Upstox on the Google Play Store.

Conclusion

In the above article we talked about Groww and Upstox broker in details and compared both. From which it will be easy to decide a broker from both. In the above article we have seen many parameters like Technical, Charges, Company Background, Customer Rating etc.

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