ReadyAcid16

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

13mo ago

techsavyengineer

Grab13mo

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

BingoMadAngles

Stealth13mo

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

hellloworld

Stealth13mo

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.

FunkySaint

Stealth13mo

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... :)

Aristotal

Porter13mo

Same here.. started with mutual funds on grow

baffledwaffle

Stealth13mo

@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 :)

Thomas_Shelby

Swiggy13mo

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.

harisadu101

Yubi13mo

Groww has become profitable on broking entity level.

woebeme

TBD13mo

Groww has pretty large profit margins afaik

FancyChino64

Stealth13mo

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

Tech8

Stealth13mo

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

FancyChino64

Stealth13mo

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

SillyEqual74

MNC, Indian13mo

Groww does not charge AMC

FancyChino64

Stealth13mo

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

SillyEqual74

MNC, Indian13mo

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

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NewsAnchorGrapevine5mo

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VimalDevganTCS9mo

Bengaluru-based discount broker Groww has doubled its active investor base over the past year, reaching nearly 11 million users in June, according to NSE data.
Despite potential restrictions on futures and options trading, the numbe...

SilverDamageIT World3mo

Groww or not

After the recent incident of groww screwing up customers investment, am now scared of their platform. Should i stick on or move to something else? if yes which one? #trading #demat

Or get it on the stores.

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Groww’s Active Investor Base Doubles In One Year, Touches Almost 11 Mn

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