• Top Stock Brokers in India ‐ Reviews, Comparison and Offers

Groww Broker review and Brokerage Charges

Groww Broker review and Brokerage Charges

Groww was launched in 2017 by former Flipkart executives Lalit Keshre, Harsh Jain, Neeraj Singh and Ishan Bansal. Groww started as a platform for buying direct mutual funds. Currently, It has over 6 million registered users and caters to investors across more than 800 cities. It is backed by some of the marquee investors, which include Sequoia, Ribbit, YCombinator and Mukesh Bansal, among others.

Groww offers investments in Direct mutual funds without any commission or charges, the same happens without paperwork and within minutes. Groww has also taken a community-based approach by starting various groups and channels on the App, keeping in mind that people find it easier to invest when they consult their peer groups.

Why Groww?
  •  Groww charge Rs.20 per executed order or 0.05% of order value (whichever is lower) for delivery trade.
  •  Equity intraday trade at Rs. 20 or 0.05% (whichever is lower)
  •  Groww provides mutual funds investment at Zero Fees, No transaction charges,
  •  100% paperless online Demat account opening
  •  128-bit SSL Encryption
  •  Get complete stock analysis with company financials like P&L, Balance Sheet, etc & pick your best shares to buy free of cost
  •  No DP charges on buy.
  •  Highly rated Groww mobile App
  •  Facility to invest in US Stocks

Groww Trading Account Advantage & Disadvantage

  •  Free research services
  •  No DP charges on buy & low brokerage.
  •  commission Free mutual fund investment
  •  Free Demat & Trading account, No charges on account opening
  •  Zero Clearing Charges
Needs Improvement
  •  No Currency Trading, Grow does not provide Currency Options & Future Trading.
  •  Does not provide a 3in1 account facility.
  •  Does not provide commodity Trading
  •  Does not provide trading options: Bracket, GTT orders, etc

Groww Account Opening & AMC Charges

Groww charges Rs. 200 account opening for Trading Account but currently, they are offering at free of cost as a limited period offer. Groww does not charge account maintenance charges to maintain your account.

Type Account Opening (One Time) Annual Maintenance Fees (Yearly)
Trading Account Free Free
Demat Account Free Free

Groww Mutual Fund Investment:

Investors at Groww can invest in direct mutual funds through its online MF platform. The broker charges zero commission which results in ~+1% extra returns. Groww also provides a facility to switch regular funds to direct funds for free. Groww also provides a ready-made collection of mutual funds recommended by experts & top mutual funds listed for different categories to its clients.

Groww Brokerage Charges 

Segment Groww Brokerage Charges
Equity Delivery 0.05% or Rs. 20/executed order whichever is lower
Equity Intraday 0.05% or Rs. 20/executed order whichever is lower
Equity Future Flat ₹20 per executed order
Equity Options Flat ₹20 per executed order
Currency Future Trade Available
Currency Options Trade Not Available
Commodity Trade Not Available

Groww Transaction Charges:

Segment Transaction Charges
Equity Delivery NSE Rs.325 per Cr (0.00325%) | BSE Rs.300 per Cr (0.003%) (each side)
Equity Intraday NSE Rs.325 per Cr (0.00325%) | BSE Rs.300 per Cr (0.003%) (each side)
Equity Future 0.002%
Equity Options 0.053%
Currency Future NA
Currency Options NA
Commodity NA

Groww Security Transaction:

Segment STT/CTT
Equity Delivery 0.1% on buy & sell both
Equity Intraday 0.025% on the sell-side only
Equity Future 0.01% On the Sell-side
Equity Options 0.05% On the Sell-side (ON PREMIUM)
Currency Future No STT
Currency Options No STT
Commodity NA

Taxes on Stock Trading at Groww:

18% GST on (brokerage + transaction charges)


Charged by SEBI at 0.00005% or Rs.5 / crore for regulating the market

STAMP CHARGES applicable for trading at Groww:

Charged by govt as stamp duty for contract notes. It is applicable only to buy orders at 0.015% for equity delivery trade and 0.003% for equity intraday

DP Charges at Groww:

  • DP Charges (Sell Order) - This is charged by DP for debiting stocks from the Demat account. It is at Rs. 8+ Rs. 5.50(CDSL Charges)per ISIN per day on Groww regardless of quantity sold
  • DP Charges (Buy Order) - It is Zero on Groww

The Final Thoughts about Groww

Groww has all the things to serve their clients well from Brokerage free trading for Delivery trade , attractive brokerage on Intraday trade, Zero Commission direct mutual fund investment, all kind of trading platforms, MF Investment, Facility to invest in US Stocks but they have to provide all kind of trading facility be it  Currency trading or commodity trading to attract more clients or traders.


Frequently Asked Questions:

User Reviews

Post New Message