Broker Comparison
Groww vs 5Paisa (2026)
A factual, side-by-side comparison of Groww and 5Paisa — covering brokerage charges, annual maintenance fees, subscription pricing plans, mutual fund investing capabilities, platform quality, and the types of investors each broker is associated with.
Published: April 2026. Data sourced from publicly available broker pricing pages. Not investment advice.
Quick Verdict
Groww and 5Paisa share the same base brokerage structure (₹0 delivery, ₹20 flat intraday and F&O) but differ in two important ways. First, Groww maintains zero AMC on demat accounts, while 5Paisa charges a quarterly fee from the second year. Second, 5Paisa offers subscription plans that lower per-order costs for high-volume traders — a feature Groww does not have. Groww's mutual fund experience is more developed, while 5Paisa's subscription plan economics suit active traders with high order frequency.
At a Glance: Comparison Table
| Feature | Groww | 5Paisa |
|---|---|---|
| Account opening fee | ₹0 | ₹0 |
| Equity delivery brokerage | ₹0 | ₹0 |
| Equity intraday brokerage | ₹20 or 0.05%, lower | ₹20 or 0.05%, lower |
| F&O brokerage | ₹20 per order | ₹20 (₹10 on Power plan) |
| Subscription plans | No | Yes — Power/Ultra Trader plans |
| Demat AMC | ₹0 (zero AMC) | ~₹180+GST/yr (₹45/quarter) |
| Platform / app | Simple UX — beginner-friendly | Standard discount broker app |
| Customer support | Chat, email, in-app | Chat, email; limited phone |
| API access | Limited public API | Limited API |
| MF investment | Yes — deep catalogue, SIP analytics | Yes — direct plans |
| Research reports | No | Basic research content |
| Physical branches | No | No |
| Publicly listed | No (private company) | Yes (NSE: 5PAISA) |
Brokerage Charges and AMC
On the base plan, both Groww and 5Paisa charge ₹0 on equity delivery, and ₹20 per executed order (or 0.05% of turnover, whichever is lower) for intraday equity. F&O orders carry a flat ₹20 charge at both brokers on the standard plan.
The key cost difference is the demat account annual maintenance charge. Groww maintained a zero AMC policy as of 2026 — a notable long-term cost advantage for investors who hold positions but trade infrequently. 5Paisa charged approximately ₹45+GST per quarter (approximately ₹180 +GST per year) from the second year. Over a five-year holding period, this difference compounds into a meaningful absolute rupee saving at Groww for passive investors.
5Paisa's subscription plans offer a different value proposition for active traders. On the Power Trader or Ultra Trader plans, a fixed monthly subscription fee reduces per-order charges to as low as ₹10 per executed order. For investors executing dozens of intraday or F&O orders per month, the total annual cost under a 5Paisa subscription plan can be lower than the standard ₹20-per-order model at Groww.
Use our brokerage calculator to model your expected annual cost at each platform based on your actual trade frequency and order sizes.
Platform Experience
Groww was designed from the ground up for simplicity. The app deliberately reduces complexity, using plain-language stock descriptions, simplified portfolio views, and a streamlined order flow. This design philosophy makes it approachable for investors opening their first demat account. The equity trading interface is functional but basic in analytical depth — charts are simplified, and advanced order types are limited compared to trading-first platforms.
5Paisa's trading app offers standard discount broker functionality including order placement, portfolio views, watchlists, and basic charting. The 5Paisa Trade Station web terminal provides a more capable interface for active traders, with a multi-window layout and more detailed data presentation. Neither platform is considered a benchmark for advanced charting relative to brokers with TradingView integration.
Mutual Fund Investing
Groww's mutual fund infrastructure predates its equity offering. It launched as a mutual fund platform in 2016 and has built out one of the more comprehensive MF investing experiences among Indian fintech brokers — a wide fund catalogue, robust SIP management, portfolio-level analytics showing fund allocation and returns, scheme comparison tools, and clear goal-based SIP setup flows. All MF investments through Groww are in direct plans.
5Paisa also supports mutual fund investing in direct plans, but its MF experience is less developed relative to Groww. For investors whose primary use case is regular SIP investing, Groww's more mature mutual fund platform represents a practical difference in day-to-day usability.
Customer Support
Both Groww and 5Paisa operate digital-only support models without physical branch networks. Support at both platforms is primarily through in-app chat and email ticketing. Neither broker is noted for industry-leading support response times during high-traffic market periods. For investors who require in-person support or phone-first resolution, full-service brokers with branch networks (such as Angel One) represent a different support experience.
Who Each Broker Is Associated With
Growwis associated with first-time retail investors, SIP-focused mutual fund investors, and younger demographics (18–30) who entered the market through Groww's consumer-friendly onboarding. Its zero AMC structure and simple UX make it the platform of record for a large segment of first-time demat account holders who opened accounts between 2018 and 2024.
5Paisais associated with cost-focused traders — in particular, active intraday and F&O traders for whom the subscription plan pricing provides an economic benefit relative to per-order charging. Its positioning as a lean, no-frills platform attracts traders who prioritise cost minimisation over platform richness.
Open an account — Groww
Open a Groww account — digital onboarding, zero AMC demat account
Open Groww Account →Affiliate link — we may earn a commission if you open an account through this link, at no extra cost to you.
Open an account — 5Paisa
Open a 5Paisa account online — flat ₹20 brokerage, subscription plans available for active traders
Open 5Paisa Account →Affiliate link — we may earn a commission if you open an account through this link, at no extra cost to you.
Frequently Asked Questions
Which has lower AMC — Groww or 5Paisa?
As of 2026, Groww maintained a zero annual maintenance charge (AMC) policy for its demat accounts. 5Paisa charged approximately ₹45+GST per quarter (roughly ₹180+GST per year) from the second year. Groww's zero AMC is a notable cost difference for long-term investors.
Does 5Paisa offer subscription plans to reduce brokerage?
Yes. 5Paisa offers subscription-based pricing plans (Power Trader and similar) where a fixed monthly fee lowers the per-order brokerage to as low as ₹10 for high-volume traders. Groww does not offer a comparable subscription plan structure.
Which is better for mutual fund investing — Groww or 5Paisa?
Groww's mutual fund platform is generally considered more polished and comprehensive — it launched as a dedicated MF app in 2016. Both platforms support direct plan investments and SIPs, but Groww's MF catalogue, portfolio analytics, and SIP management tools are more developed.
Is 5Paisa listed on the stock exchange?
Yes. 5Paisa Capital Limited (NSE: 5PAISA) is listed on Indian exchanges. Groww (operated by Nextbillion Technology Private Limited) was not publicly listed as of 2026.
Related Tools and Pages
Use our brokerage calculator to compare full transaction costs. Individual broker profiles: Groww review, 5Paisa review. Other comparisons: Upstox vs Groww, Angel One vs 5Paisa.
This comparison is educational only and does not constitute investment or financial advice. Brokerage charges, AMC, and features are sourced from publicly available information as of April 2026 and may change — always verify directly with each broker before opening an account. Some links on this page are affiliate links; EquitiesIndia.com may earn a commission if you open an account through them. Affiliate relationships do not influence the content of this comparison. EquitiesIndia.com is not a SEBI-registered investment adviser.