For traders and investors looking to start online trading and investing, choosing the right platform is important. There are many platforms available, and each one offers different investment options, features and charges.

Dhan and Groww are two popular financial services platforms that investors and traders can consider. They offer a range of financial products for investing as well as options for stock market trading.

While choosing between the two, investors and traders may look at the investment options, trading features and brokerage charges before deciding which platform suits their needs.

Dhan and its offerings

Mumbai-based financial services platform Dhan enables investors to buy stocks, ETFs, mutual funds and IPOs. It also offers trading in futures and options, along with tools such as charts, watchlists and portfolio tracking.

Dhan has zero brokerage on equity delivery, ETFs, IPOs and mutual funds. For intraday equity and ETF trades, the brokerage is Rs 20 or 0.03% of the trade value, depending on which amount is lower. A charge of Rs 20 applies to F&O trades per order.

Groww and its offerings

Groww is a Bengaluru-based online investment platform and stock broker that allows investors to invest in stocks, mutual funds, ETFs and IPOs. It also offers trading in futures and options.

Groww's equity brokerage is Rs 20 or 0.1% of the trade value, the lower amount is usually charged. The minimum brokerage is Rs 5. For F&O trades, the charge is Rs 20 per order.

Dhan vs Groww: key differences

The two platforms provide special services but traders should take into account the following difference before choosing one that is more suitable for them.

Brokerage charges

Brokerage is an important parameter to consider. It can make a significant difference for traders and investors who regularly place orders. 

For intraday equity and ETF trades, Dhan charges Rs 20 or 0.03% of the trade value; the lower amount is considered. Meanwhile, Groww charges Rs 20 or 0.1%, depending on which amount is lower, with a minimum brokerage of Rs 5.

Dhan also charges zero brokerage on equity delivery, ETFs, IPOs and mutual funds.

Trading

Dhan is highly focused on stock market trading. It offers tools like charts, watchlists and position tracking, making trading convenient and feasible. Groww also allows stock trading, along with other investment products.

ETFs

Both platforms offer exchange-traded funds (ETFs), a type of investment that allows investors to invest in a group of securities through one fund.

Dhan charges zero brokerage on ETF delivery, which can be useful when ETFs are being bought and held as an investment. Groww also allows investors to invest in ETFs listed in the Indian market.

US ETFs

For investors looking beyond the Indian market, US ETFs can be a meaningful addition for investments. US ETFs are funds that are traded in the US market and provide investors with exposure to different stocks and other assets.

While looking for a US ETFs investment app in India, investors can consider Dhan that offers investments in US ETFs through fractional investing starting from $1. The brokerage for US stocks and ETFs is 0.25% of the trade value, with a minimum of $0.01.

On the contrary, Groww does not provide trading in US ETFs; at present, the platform is limited to the Indian market.

Conclusion

For traders who trade regularly, the Groww vs Dhan charges can make a difference.

Brokerage forms part of the expenses when trading and, if a number of orders are placed during the day, even a small difference can accumulate. Dhan has a lower intraday rate; it is more suitable for active traders, while Groww might be considered by people who want a simple platform for their trading needs.

Although the charges are important, traders should still consider the features and investment options offered on the platform before making their choice.