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Groww

#1 Active Clientsdiscount

India's #1 stock broker by active client count with an ultra-intuitive mobile UI

4.7 / 5.0(22,000 ratings)
•Active Clients: 1.2+ Crore•NSE Rank: #1
Open Free Groww Account
⚡ ₹0 Account Opening + ₹0 Lifetime AMC + Free Mutual Fund Investments
Brokerage Value
4.6 / 5.0
Trading Platform
4.8 / 5.0
Customer Support
4.4 / 5.0
Server Reliability
4.6 / 5.0

Groww Brokerage Charges & Fees (2026)

Official tariff sheet for Equity Delivery, Intraday, Futures, Options, and Demat Maintenance.

Demat Account Opening Fee₹0 (Free 100% Digital KYC)
Annual Maintenance Charges (AMC)₹0 (Lifetime Zero AMC)
Equity Delivery Brokerage₹20 or 0.05% (whichever is lower) per order
Equity Intraday Brokerage₹20 or 0.05% (whichever is lower) per order
Equity Futures₹20 flat per executed order
Equity Options₹20 flat per executed order
CDSL / NSDL DP Charges₹13.50 + GST per company debit per day
Margin Trading Facility (MTF) Interest12% p.a. (Groww Pay Later / MTF)
Developer API PricingNot Publicly Available
Auto-Squareoff Fee₹50 + GST per position auto-squared off

Why Choose Groww (Pros)

  • Lifetime Zero AMC and ₹0 account opening fee with paperless 5-minute Aadhaar KYC
  • The cleanest and most beginner-friendly mobile application on Dalal Street
  • Unified portfolio dashboard seamlessly combining Equities, Direct SIP Mutual Funds, and US Stocks
  • One-click UPI IPO mandate with live allotment status notifications
  • Over 1.2 crore active NSE clients—highest in the Indian stockbroking industry

Groww Drawbacks (Cons)

  • Charges ₹20 or 0.05% on Equity Delivery (unlike Zerodha and Angel One which are ₹0 delivery)
  • No Currency or Commodity (MCX) trading support
  • Advanced intraday charting and multi-monitor desktop workspace tools are limited compared to Kite or Dhan

The NiftyShares Verdict

Groww has dethroned legacy brokers to become India's largest broker by client count. Its effortless UX and zero maintenance charges make it the premier choice for newcomers entering the stock market.

Best Suited For: Beginners, first-time investors, SIP mutual fund accumulators, and casual equity buyers.

Dalal Street Brokerage & Tax Calculator

Simulate trades with live STT, SEBI, GST, Stamp Duty, and DP charges across top Indian stock brokers.

Net Realized P&L
+₹4756.64
Gross P&L: ₹5000.00
Total Brokerage & Taxes
₹243.36
Brokerage: ₹0.00 | Govt Taxes: ₹243.36
Breakeven Price
₹1002.43
Need +₹2.43/share to cover costs
STATUTORY CHARGES BREAKDOWNTotal Turnover: ₹2,05,000
Brokerage (Zerodha)₹0.00
STT / CTT (Securities Transaction Tax)₹205.00
Exchange Turnover Charge (NSE)₹6.09
GST (18% on Brokerage & Trans. Charges)₹1.13
SEBI Turnover Charges₹0.20
Stamp Duty₹15.00
CDSL DP Charges (Upon selling)₹15.93
Z
ZerodhaBenchmark of India

Zero Brokerage on Equity Delivery + Free Access to Coin & Varsity

Open Zerodha Demat Account

Compare Groww with Other Top Brokers

Groww vs ZerodhaGroww vs Angel OneGroww vs DhanGroww vs Kotak Neo

Frequently Asked Questions About Groww

Are Groww delivery trades free?

No. Groww charges ₹20 or 0.05% (whichever is lower) per executed order on Equity Delivery, which was introduced to support premium infrastructure. Mutual Fund investments remain 100% free with direct plans.

Does Groww charge any annual maintenance fees (AMC)?

No. Groww has ₹0 Lifetime AMC. There are no recurring annual or quarterly maintenance charges regardless of whether your account is active or dormant.

Groww Trader Community & Reviews

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