Zerodha Vs Geojit – Comparison
Both Zerodha and Geojit offer various facilities and trading products to their traders. When an individual trader is going to choose one of them, then he needs to understand & analyze them relatively.
It will lead him to a better decision making ability. Here we have compared Zerodha vs Geojit to highlight the areas where the investor needs to know & analyze more.
Zerodha is the largest discount broker of India for providing the best online trading platform, high exposure in exchange for low brokerage, free mutual fund investment (using the platform) and a lot more.
Based on Bangalore it has 9lakhs customer base, 22 branch offices, 94 associate office, and 6 support-call & trade offices.
GEOJIT is a full-service broker established in the year 1988. It is a member of BSE & NSE and participant with NSDL & CDSL. Being a very old company in the stockbroking industry Geojit provides an online stock trading facility in India with its 480 branches spread across India.
- Offers direct mutual fund investment using their portal for free.
- In association with IDFC, it provides 3-in-1 account facilities.
- The trading terminal is best among all the other market competitors.
- It provides the best quality of customer support.
- Facilitate free fund transfer using UPI.
- 1st company facilitates trade through Facebook.
- Member of BSE & NSE.
- Plays an important role in the NRI trading segment operated in gulf countries.
- It has SEBI registration as act as a Direct participant.
- Charges minimum brokerage charge.
Zerodha Vs Geojit Overall Company Details:
Comparing Zerodha vs Geojit based on overall customer service we derived the below-mentioned details.
Here we have compared both the brokers considering the type of organization, broker type, originated location, establishment year & name of the founder.
|Broker Type||Discount Broker||Full-Service Broker|
|Headquarters||Bangalore, India||Mumbai, Maharashtra|
|Founder||Nithin Kamath||C. J. George & |
A. P. Kurian
Zerodha Vs Geojit Customer Ratings:
Comparing Zerodha vs Geojit based on Customer Ratings we get this information.
Here we can see that regarding experience & research work, Geojit is leading but in the remaining segments such as products, services, brokerage charges & platforms Zerodha is winning the race.
|Customer Ratings||Zerodha||Geojit Finance|
|On Experience||5.7 out of 10||7.0 out of 10|
|On Products & Services||8.5 out of 10||7.0 out of 10|
|On Brokerage Charges & Fees||9.5 out of 10||6.0 out of 10|
|On Stock Research & Advisory||4.0 out of 10||7.0 out of 10|
|On Trading Platforms||9.0 out of 10||6.5 out of 10|
|On Overall Ratings||7.4 out of 10||6.7 out of 10|
Comparison on AOC & AMC:
Here we have compared Zerodha vs Geojit based on account opening charge & account maintenance charge. Here we can see from the below contrast that both Zerodha & Geojit provide free AMC on trading accounts.
|Demat Services||Zerodha||Geojit Finance|
|Depository Source||CDSL||CDSL & NSDL|
|Account Opening Charges||Rs.300||Rs.350|
|Demat AMC Charges||Rs.300 per Annum||Rs.400 per Annum|
|Trading AMC Charges||Free||Free|
|Offline to Online||✖||✔|
Zerodha Vs Geojit Brokerage Charge:
Contrasting Zerodha vs Geojit based on Brokerage Charge we get the below details. Here we can see that Geojit offers a percentage based brokerage charge structure.
While Zerodha offers a flat fee-based brokerage charge @INR.20/-. Geojit charges a minimum brokerage on executed orders but there is no such minimum brokerage in Zerodha.
|Brokerage Charge & Fees||Zerodha Brokerage||Geojit Finance Brokerage|
|Equity Delivery Trading||Zero||0.30%|
|Equity Intraday Trading||Rs.20||0.03%|
|Commodity Options Trading||Rs.20||NA|
|Equity Futures Trading||Rs.20||0.03%|
|Equity Options Trading||Rs.20 per Lot||Rs.75 per lot|
|Currency Futures Trading||Rs.20||0.03%|
|Currency Options Trading||Rs.20 per Lot||Rs.15 per lot|
|Minimum Brokerage||Zero||Rs.15 per executed order|
|Demat AMC Charges||Rs.300 per Annum||Rs.400|
|Trading AMC Charges||Free||Free|
Comparison on Administrative Charge:
In terms of Administrative transactional charge, we here compared Zerodha vs Geojit as below. We can see that both the broker share a similar charge structure except for transaction charge criteria. In terms of transaction charges, Geojit is cheaper than Zerodha.
|Other Charges||Zerodha||Geojit Finance|
|Transaction Charges||0.00325% of Total Turnover||0.00311% of Total Turnover|
|STT||0.0126% of Total Turnover||0.0126% of Total Turnover|
|SEBI Turnover Charges||0.0002% of Total Turnover||0.0002% of Total Turnover|
|Stamp Duty||Depends on State (very minimal)||Depends on State (very minimal)|
|GST||18% of (Brokerage + Transaction Charges)||18% of (Brokerage + Transaction Charges)|
Comparison on Offers:
Contrasting Zerodha & Geojit we get the below comparison on offers. We here can see that in terms of offers Geojit is a step ahead of Zerodha for offering more offers.
|Free Demat Account||✖||✖|
|Free Trading Account||✖||✔|
|Discount on Brokerage||✔||✔|
|Trading Happy Hours||✖||✖|
|Flexible Brokerage Plans||✖||✔|
|1 Month Brokerage Free||✖||✖|
|Zero Brokerage for Loss Making Trades||✖||✖|
Comparison on Services Offered:
Assessing Zerodha vs Geojit based on their service offering we derived the below comparison. These services always influence your trading experience.
|3 in 1 Account||✖||✖|
|Trading Exposure||Maximum 28x||Maximum 10X|
Zerodha Vs Geojit Research & Advisory:
Contrasting Zerodha vs Geojit based on their research & advisory offering we received the below comparison.
Here we can see in the below table that Geojit offers some advisory support, where Zerodha doesn’t provide any.
|Research & Advisory||Zerodha||Geojit Finance|
|Company Stock Review||✖||✖|
|Free Stock Tips||✖||✔|
|Daily Market Review||✖||✔|
Zerodha Vs Geojit Margin/ Exposure/ Leverage
Considering Zerodha vs Geojit based on product-wise leverage we get the below details. Almost all the margin rates are different in these broking organizations.
|Exposure / Leverage||Zerodha Margin||Geojit Finance Margin|
|Equity Delivery||Maximum 20x||Maximum 1X|
|Equity Intraday||Maximum 28x||Maximum 10X|
|Equity Futures||Maximum 15x||Maximum 4X|
|Equity Options||Maximum 8x||Maximum 5X|
|Currency Futures||Maximum 12x||Maximum 4X|
|Currency Options||Maximum 8x||Maximum 5X|
|Commodities||Maximum 17x||Maximum 3X|
Comparison on Products:
Comparing Zerodha vs Geojit based on their product offering we derived the below comparison. We can see in this below comparison that Geojit provides more number of products to their investors than Zerodha.
Zerodha Vs Geojit Trading Platforms:
Because of the trading terminal offering of Zerodha vs Geojit, we compared them as below. These trading platforms help you to access your trading account from anywhere.
|Trading Platforms||Zerodha Trading |
|Geojit Finance |
|Desktop Platform – Windows||✔||✔|
|Desktop Platform – Mac||✔||✔|
|Desktop Browser Platform||✔||✔|
|Mobile Site Platform||✔||✖|
|Android App Platform||✔||✔|
|iOS App Platform||✔||✔|
|Windows App Platform||✖||✖|
|Other Mobile OS Platform||✖||✖|
|Online MF Buy||✔||✔|
Comparison on Customer Support:
Comparing customer assistance, we here have compared Zerodha vs Geojit as below. We can see from the below chart that Zerodha doesn’t provide dedicated dealers, offline trading (as it is a discount broker). While Geojit doesn’t facilitate 24×7 support & chat support.
|Customer Support||Zerodha||Geojit Finance|
Comparison of Grievances:
Both these brokers provide multiple channels to their investors to reach them so that they can support the customers in a better way. Here we compared Zerodha vs Geojit based on their customer complaint handling in the below table.
|Complaints (Current Year)||Zerodha||Geojit Finance|
|Lodged in BSE||120||187|
|Resolved in BSE||117||176|
|Lodged in NSE||89||214|
|Resolved in NSE||85||198|
Finally, we can conclude that Geojit (full-service broker) has a huge offering for its customers. But Zerodha (discount broker) offers lower charges to its customers.
Still, it should be kept in mind that individual investors should opt the broker between Zerodha and Geojit as per his need only.