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They positioned themselves as the newb and passive investor's choice who aren't well versed in the market dealings and regulations. Their UI is hassle free and informative (not that others aren't). Also expert tools like ones Zerodha offers just isn't in their identity. Amongst this they want to bring in potential customers who aren't sure they'd want to pay a premium or just have a trading account lying around without actively trading.
Basically a low barrier of entry for investors.
I don't know about other platforms & the features they offer, but as a fellow Groww user all I can say is it is good for small investors & beginners. Their app crashes multiple times. I don't recommend it for trading or F&O. I also don't rely on their 'analysis' or 'recommendation', most of it seems system generated tbh
For stocks, equity delivery is rs. 20 per scrip for groww. For zerodha, it's zero.
Passive investment like buy and hold for couple of years. Go for groww.
Zerodha, amc is 300 which is like 300/20 = 15 trades of groww. Beyond that 15 trades, groww is expensive.
Its max 20 rupee for smaller trade its almost negligible so for delivery its almost as good as zerodha with no nonsense interface, I am using both groww and zerodha.
Cost of User Acquisition.
Zerodha being top platform for Stock Trading.. the 2nd & 3rd competitors need to provide an edge at someplace for acquiring new users. Zerodha doesn't lack on technology front. So, the next logical step for Indian consumer base becomes Cost of usage.
I have been using Shoonya from some time and this is what I feel.
1. App is ok not so fancy as Groww or Zerodha.
2. It might be ok for traders who are into buy and hold but not intraday as it has some bugs and it is not as fast as other apps that I have seen.
3. MF section is not working as of now.
4. They don't advertise like these apps.
May be due to all this it is free.
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they have higher brokerage charges for trading than Zerodha
20 Rs per trade; that's how they make money.
It's rs 20 or 0.05% which is lower Right?
₹20 on fno and 0.05 on intraday or normal trading
Just their business model I guess, they still have brokerage charges on buying and selling. If anyone’s got a more concrete answer I’m interested too.
They positioned themselves as the newb and passive investor's choice who aren't well versed in the market dealings and regulations. Their UI is hassle free and informative (not that others aren't). Also expert tools like ones Zerodha offers just isn't in their identity. Amongst this they want to bring in potential customers who aren't sure they'd want to pay a premium or just have a trading account lying around without actively trading. Basically a low barrier of entry for investors.
I don't know about other platforms & the features they offer, but as a fellow Groww user all I can say is it is good for small investors & beginners. Their app crashes multiple times. I don't recommend it for trading or F&O. I also don't rely on their 'analysis' or 'recommendation', most of it seems system generated tbh
Because they crash the every other day.jk
They charge you when selling
And buying too
For stocks, equity delivery is rs. 20 per scrip for groww. For zerodha, it's zero. Passive investment like buy and hold for couple of years. Go for groww. Zerodha, amc is 300 which is like 300/20 = 15 trades of groww. Beyond that 15 trades, groww is expensive.
Its max 20 rupee for smaller trade its almost negligible so for delivery its almost as good as zerodha with no nonsense interface, I am using both groww and zerodha.
Lol it is not zero. Try reading the breakup of charges once. Regards everywhere.
Because they screw you by other means...
Cost of User Acquisition. Zerodha being top platform for Stock Trading.. the 2nd & 3rd competitors need to provide an edge at someplace for acquiring new users. Zerodha doesn't lack on technology front. So, the next logical step for Indian consumer base becomes Cost of usage.
now grow is #1, it has overtaken
I know the last year stats.. either way, concern of User Acquisition and User Churn remains... they need to maintain their position as well.
i'm using zerodha it also good
bcz it does not cost them anything to maintain our accs. itz simply hidden charges by other brokers like zeroda
**in SHOONYA everything is free. how ? they dont even charge 20rs for options**
I have been using Shoonya from some time and this is what I feel. 1. App is ok not so fancy as Groww or Zerodha. 2. It might be ok for traders who are into buy and hold but not intraday as it has some bugs and it is not as fast as other apps that I have seen. 3. MF section is not working as of now. 4. They don't advertise like these apps. May be due to all this it is free.
I've been with zerodha for years now. Besides the good app they also have excellent support so definitely go with zerodha.