Groww is a user-friendly, mobile-first investment platform that simplifies the world of investing. It was established in 2016 and has since then gained the trust of over 1.23 crore investors. It started as a Mutual Fund distribution service but quickly became a go-to for stocks, F&O, IPOs and ETFs.
What makes Groww stand out is its commitment to making investing accessible. The platform features an intuitive interface catering to beginners and experienced investors. Users can easily navigate through various investment options and track their portfolios.
Groww also provides tools for in-depth stock research, giving users access to vital information like company financials and market activity. Additionally, it also offers educational content to help users better understand financial concepts.
Groww Brokerage Charges
Groww Account Opening Charges
Groww account opening charges for both trading and Demat accounts are ?0. This is one of the reasons why it is known as a cost-effective broker.
Groww Account Opening Charges
Account Opening Charges
Amount
Brokerage
Free
Groww Account Maintenance Charges
Groww doesn't charge any Account Maintenance Charges (AMC) either. Yes, you heard it right! Groww AMC charges are Rs. 0. Groww's website claims that it is a “Zero Fixed Charges” and “Zero Hidden Charges” platform.
Groww Account Maintenance Charges
Account Maintenance Charges
Amount
Brokerage
Free
Groww Charges List
Groww F&O Charges
Want to know the Groww charges for F&O? Well, here is all the fee-related information you need before executing your Futures and Options trades:
Groww F&O Charges
Futures Charges
Amount
Brokerage
₹20
STT
0.02%
Transaction Charges
GST
18%
Sebi Charges
0.00005%
Stamp Duty Charges
0.002%
Groww F&O Charges
Options Charges
Amount
Brokerage
₹20
STT
0.1%
Transaction Charges
GST
18%
Sebi Charges
0.00005%
Stamp Duty Charges
0.003%
Groww Intraday Charges
Groww offers competitive intraday trading charges, which are structured as follows:
Groww Intraday Charges
Intraday Charges
Amount
Intraday Brokerage
0.1%
CTT
0.025%
Transaction Charges
GST
18%
Sebi Charges
0.00005%
Stamp Duty Charges
0.003%
Groww Delivery Charges
Groww charges a flat fee of ?20 per executed order or 0.1% of the trade value, whichever is lower, for equity delivery trades. This means that regardless of your trade value, you will not have to pay more than ?20 as a brokerage for equity delivery trades on Groww.
Groww Delivery Charges
Delivery Charges
Amount
Brokerage
0.1%
STT
0.1%
Transaction Charges
NSE: 0.00322% / BSE: 0.00375%
GST
18%
Sebi Charges
0.00005%
Stamp Duty Charges
0.015%
Groww has carved a niche for itself in the investment landscape, particularly for those looking to trade in stocks and derivatives without breaking the bank. With zero account opening and maintenance charges, it's an appealing choice for both novice and seasoned investors. The brokerage structure is straightforward: you pay ?20 or 0.1% per executed order, whichever is lower. This makes it cost-effective for various trading strategies, including intraday and delivery trades.
However, it's worth noting that Groww does not offer trading in currencies or commodities, which may limit options for some investors. Instead, it focuses on equities, F&O and Mutual Funds. The platform's user-friendly app enhances the trading experience with tools for research and portfolio tracking, helping users make informed decisions.
