Research Article· Published 05 October 2026· 9 min read
Zerodha vs Groww in 2026: Active Clients, Brokerage Charges and Platform Architecture
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Researched by BrokerLens Financial Research Desk
Fact-Checked & Verified against primary NSE, BSE and SEBI disclosures
The battle for dominance in Indian retail broking is led by two tech-first powerhouses: Groww and Zerodha. Together, they account for over 45% of total active retail trading accounts in India.
Key Empirical Metrics
Comparing both firms on verified regulatory and operational metrics:
- Active Clients: Groww leads with over 1.35 Crore active clients, propelled by seamless onboarding; Zerodha maintains over 79 Lakh active investors with higher portfolio retention.
- Delivery Brokerage: Zerodha charges flat Rs 0 (zero brokerage) on equity delivery trades. Groww charges 0.05% or Rs 20 per executed order.
- F&O Charges: Both brokers offer competitive flat Rs 20 pricing for Futures and Options contracts.
- Mutual Funds: Both platforms provide 100% direct mutual funds with zero distributor commissions.
Read the full head-to-head breakdown on our dedicated Zerodha vs Groww comparison page.
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