Groww vs Kotak Securities
A side-by-side comparison of charges, brokerage, segments and ratings — with a free calculator to see which broker is cheaper on a trade of your size.
Bottom line
On delivery, Groww charges ₹20 or 0.1% (lower, min ₹5) and Kotak Securities 0.20% of trade value, and Groww charges ₹20 / order (flat) on F&O vs Kotak Securities's ₹10 / order (flat). Choose Groww for first-time investors who want the easiest possible app. Choose Kotak Securities for active f&o traders and kotak bank customers wanting a bank-backed broker.
Charges are compiled from each broker's official published rate card and the prevailing NSE / SEBI statutory rates. Figures are indicative and reviewed periodically — always confirm current charges on the broker's own website before opening an account.
Est. 2016 · BengaluruSimplest app for new investors — zero account & maintenance charges.
Est. 1994 · MumbaiBank-backed broker with the Kotak Neo app — ₹10 flat F&O orders and free API trading.
Groww vs Kotak Securities — Charges & Features
| Parameter | | |
|---|---|---|
| Rating | 3.7/ 5 | 3.7/ 5 |
| Account opening | ₹0 (free) | ₹0 (free) |
| Maintenance (AMC) | ₹0 (free) | ₹0 (Trade Free plan) |
| Equity delivery | ₹20 or 0.1% (lower, min ₹5) | 0.20% of trade value |
| Equity intraday | ₹20 or 0.1% (lower, min ₹5) | ₹10 or 0.05% (lower) |
| Futures | ₹20 / order (flat) | ₹10 / order (flat) |
| Options | ₹20 / order (flat) | ₹10 / order (flat) |
| DP charges | ₹20 + GST per scrip (sell) | ₹15 + GST per scrip (sell) |
| Margin (intraday) | Up to 5× intraday (MIS) | Up to 5× intraday (MIS) |
| Active clients | ~1.3 crore | ~14 lakh |
| Founded | 2016 | 1994 |
| Headquarters | Bengaluru | Mumbai |
| Segments | Equity, F&O, Mutual Funds, IPO | Equity, F&O, Currency, Commodity, Mutual Funds, IPO |
| Platforms | Groww App, Groww Web | Kotak Neo App, Kotak Neo Web, Neo API |
Charges are indicative, compiled from each broker's published rate card (reviewed June 2026), and exclude statutory taxes. Verify current rates on the broker's website.
Brokerage Cost Calculator
Lower cost- Brokerage
- ₹40.00
- STT
- ₹201.00
- Exchange txn
- ₹6.17
- GST
- ₹11.95
- SEBI
- ₹0.20
- Stamp duty
- ₹15.00
- DP charges
- ₹20.00
- Brokerage
- ₹402.00
- STT
- ₹201.00
- Exchange txn
- ₹6.17
- GST
- ₹76.21
- SEBI
- ₹0.20
- Stamp duty
- ₹15.00
- DP charges
- ₹15.00
On this delivery trade, Groww is cheaper by ₹421.26 in total charges.
Estimate based on NSE statutory rates (STT, exchange, SEBI, stamp duty & 18% GST) plus each broker's published brokerage. DP charges apply on delivery sells. Actual contract-note charges may vary slightly.
Pros & Cons
- Zero account opening & zero AMC
- Cleanest, beginner-friendly interface
- Stocks, mutual funds & IPO in one app
- Fast paperless onboarding
- Delivery is no longer free (₹20 / 0.1%)
- Fewer advanced charting & order types
- No commodity segment
- ₹10 flat F&O — half the usual ₹20
- Zero brokerage on API-based orders
- Backed by Kotak Mahindra Bank
- Seamless bank + broking integration
- Delivery charged at 0.20% after the first 30 days
- App heavier than a pure discount broker
- Cross-selling of bank products
FAQs
Groww vs Kotak Securities — FAQs
For information only — not investment advice or a recommendation of any broker. OptionX is broker-neutral. Charges are indicative; confirm current rates with the broker before opening an account.
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