Broker comparison
Groww vs Shoonya (Finvasia) (2026): Brokerage, API, AMC & Execution Compared
Side-by-side comparison of Groww and Shoonya (Finvasia) from published official pricing and features — no affiliation with either broker.
| Metric | Groww | Shoonya (Finvasia) |
|---|---|---|
| Delivery brokerage | ₹20 or 0.1% per order (whichever is lower; minimum applies - see official pricing) | ₹0 (zero brokerage, per official site) |
| Intraday brokerage | ₹20 or 0.1% per order (whichever is lower) | ₹0 (zero brokerage, per official site) |
| F&O brokerage | ₹20 per order (flat) | ₹0 (zero brokerage, per official site) |
| AMC | ₹0 | ₹0 |
| Account opening | Free (online) | Free (online) |
| Trading API | Groww Trade API — See official developer page | Shoonya API — Free (per official page) |
| Reported execution speed | < 50 ms (self-reported)self-reported | ≈ 140 ms (median) |
| Algo support | Limited - API access is newer than peers | Yes - free API |
| Platforms | Groww app, Groww web | Shoonya app, Shoonya web, Shoonya desktop |
| Best for (published) | Beginners and long-term investors who want one simple app for stocks and mutual funds. | High-frequency, cost-obsessed traders who accept a smaller platform. |
Statutory charges (STT, exchange fees, GST, etc.) are not included. Figures are from official pricing pages at our last review — verify before opening an account.
What the published data shows
Shoonya (Finvasia) publishes free equity delivery; Groww does not (per official pricing at review). Both publish execution-speed figures (Groww: < 50 ms (self-reported); Shoonya (Finvasia): ≈ 140 ms (median)) — methodologies differ; see each profile before comparing on speed alone.
Tools & profiles
- Groww full profile
- Shoonya (Finvasia) full profile
- Groww brokerage calculator
- Shoonya (Finvasia) brokerage calculator
- Lowest brokerage brokers in India
- All broker comparisons
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Frequently asked questions
Groww vs Shoonya (Finvasia): which has lower delivery brokerage?
At our last review, Groww published delivery brokerage as "₹20 or 0.1% per order (whichever is lower; minimum applies - see official pricing)" and Shoonya (Finvasia) as "₹0 (zero brokerage, per official site)". Plan-based or percentage pricing cannot always be reduced to a single winner — use the official pricing pages linked below.
Does Groww or Shoonya (Finvasia) have a trading API?
Both have documented APIs at review time: Groww (Groww Trade API), Shoonya (Finvasia) (Shoonya API). Compare pricing and rate limits on each broker's developer page.
Which is faster — Groww or Shoonya (Finvasia)?
Groww publishes < 50 ms (self-reported); Shoonya (Finvasia) publishes ≈ 140 ms (median). Sources and methodologies differ (including self-reported vs third-party figures) — they are not directly comparable without reading each source.
Are these comparisons independent?
Yes. Indian Broker Test is not affiliated with, sponsored by, or endorsed by any broker. Rankings and comparisons use only published official data; gaps are shown as Not Disclosed.
Sources
- Groww - official website - https://groww.in
- Groww - official pricing - https://groww.in/pricing
- Shoonya (Finvasia) - official website - https://shoonya.com
- Shoonya (Finvasia) - official pricing - https://shoonya.com/pricing