GroovyBoba

GroovyBoba

Groww taking over Zerodha in terms of monthly active investors

I know Zerodha is still the sustainable one of the two; but definitely good execution this from Groww? Do any of you use Groww? Or is it folks in tier 2/tier 3 and college students?

https://economictimes.indiatimes.com/tech/startups/groww-likely-to-pip-zerodha-in-active-investor-count-this-month/articleshow/103912890.cms?from=mdr

14mo ago

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DerpyQuokka

DerpyQuokka

Grab14mo

Zerodha was flexing a lot about their less developers working on things, their expenses and their profit. Groww on the other side added so many features and continues to do so. I hardly see anything on Zerodha Kite, no US investment, no MFs, no money tracking etc

FuzzyNoodle

FuzzyNoodle

Because its not needed, traders are happy with existing features on Zerodha, why would they make a khichdi out of it by adding everything.

JazzyBagel

JazzyBagel

Hard agree. Zerodha is very confusing for average users. And unfortunately rather than improving they are just flexing about 100s other unrelated things.

u can’t buy SGB on app
u can’t sell stocks without physically sending them a letter
And there are so many other issues.

Huge opportunities for new age apps to dethrone it.

ZippyBoba

ZippyBoba

I invest in stocks on Zerodha and invest in MFs on Groww. Tons of folks I know do the same. The day Zerodha gets into this space, things might be different... :)

PerkyRaccoon

PerkyRaccoon

Same here.. started with mutual funds on grow

PeppyCoconut

PeppyCoconut

@FunkySaint Zerodha has a MF platform called Coin, it’s pretty good and it’s the only one I’m using.

Just check it out :)

PeppyNarwhal

PeppyNarwhal

Groww has users only because of its huge marketing spree. Groww is still in losses and everyone knows the PnL of Zerodha. Zerodha still miles ahead of Groww atleast for the next few years.

Trust on Zerodha is second to none when compared to other brokers out there. And that too especially among the big traders who contribute a large chunk of their total revenue.

SparklyWaffle

SparklyWaffle

Yubi14mo

Groww has become profitable on broking entity level.

MagicalSushi

MagicalSushi

Groww has pretty large profit margins afaik

SnoozyWaffle

SnoozyWaffle

here, the active investor for Groww might be mainly mutual fund investors from whom Groww doesn't get any revenue.... For Zerodha it's stock market investors who generate revenue for Zerodha

JumpyJellybean

JumpyJellybean

Zerodha's bread and butter is intraday and fno traders. Investors are nothing in terms of revenue,i am assuming not even 2% to top line

SnoozyWaffle

SnoozyWaffle

yes, Investors I mean who buy/sell stocks.... should have been more clear

GigglyWaffle

GigglyWaffle

Groww does not charge AMC

SnoozyWaffle

SnoozyWaffle

but they charge for "delivery" transactions as well which no broker doesn't charge

GigglyWaffle

GigglyWaffle

I mean people have made dormant accounts for family members for IPO applications.

DizzyDonut

DizzyDonut

I use Scripbox for MF. These are not direct MF but they automate selection for you based on criteria set by you

FloatingWaffle

FloatingWaffle

Worst option tbh. Selecting the right fund is easier on Kuvera or Groww.

DizzyDonut

DizzyDonut

Any specifics about that? Here we choose the intended reason for investment and they choose funds for us. How's Kuvera or Groww better? Would love to know so that I can make a decision regarding the same.

JumpyJellybean

JumpyJellybean

Groww is a window shopping app for people entering into markets eventually landing into zerodha-verse

Really who ll use Groww for trading, when zerodha has streak and sensibull free

ZestyBurrito

ZestyBurrito

I use groww exclusively because its all in one ( no seperate broker for MF) and overall seemed easier to onboard.

Also, may I get more context on the assumption on why it is tier2/3 students?

BouncyMarshmallow

BouncyMarshmallow

I use Groww for Mutual Funds and Zerodha for Stocks . Lot of people I know do the same. Prefer Groww to Mutual Funds than Zerodha Coin.

Used to be in Paytm Money , however their product lost its sheen during 2021 after their new CEO and Product Head came in and I had some CS issues as well

PrancingHamster

PrancingHamster

Goldman Sachs14mo

What do you mean by CS?

BouncyMarshmallow

BouncyMarshmallow

Customer Service

CosmicRaccoon

CosmicRaccoon

I think in some podcast, Nithin mentioned that almost more than 80% of their revenue comes from day traders and F&O traders. They hardly get revenue from long term holders.
This is currently not the case for Groww.
On top of it, Zerodha is totally bootstrapped and have earned a lot of revenue. For Groww to come to that position, it will take some few years and cash burn. Also, Zerodha applying for AMC license is one step ahead of Groww. If their fund works out, they will be able to make a good amount of money via MF brokerage, without chunking fees for MF managers(as their funds are going to track the indexes).

SparklyWaffle

SparklyWaffle

Yubi14mo

Groww also has AMC. And they are already live with their mutual funds. They had acquired Indiabulls mutual funds.

CosmicRaccoon

CosmicRaccoon

Oh… wasn’t aware… thanks for pointing out… then it would be a tough competition…