Groww is one of the fastest-growing stockbrokers in recent years. The biggest benefit of Groww is free account opening with zero AMC charges.
One drawback is that Groww doesn’t provide trade in currency and commodities. NRI demat account facility is not provided by Groww.
In this blog post, I will provide you with a comprehensive guide to all the charges that Groww levies on its customers.
Groww Charges Details
Groww Account Opening Charges
- Groww provides zero fees for account Demat and trading accounts.
- Groww Account Opening Charges – Free
Groww Annual Maintenance Charges
Groww charges zero annual maintenance fee for Demat & trading accounts. Groww is among those top brokers who don’t charge any AMC, you can check out the list of best demat accounts with no annual charges in India.
Groww Brokerage Charges
Groww offers one of the lowest brokerage charges in India. The brokerage charges are 0.05% or Rs. 20 per trade, whichever is lower.
Let’s have a look at the brokerage charges
| Trading Segment | Charges |
| Equity Delivery | Rs. 20 or 0.05% whichever is lower |
| Equity Intraday | Rs. 20 or 0.05% per executed order whichever is lower |
| Equity Futures | Flat Rs. 20 per executed order |
| Equity Options | Flat Rs. 20 per executed order |
| Currency Futures | Not Applicable |
| Currency Options | Not Applicable |
| Commodity Futures | Not Applicable |
| Commodity Options | Not Applicable |
Groww Delivery Charges
Upstox charges the same for intraday and delivery trade i.e a lower of Rs. 20 or 0.05% per executed order irrespective of the trading volume.
For example, if you buy stocks worth Rs 20,000 then Groww will charge Rs 10 for stock delivery, not Rs 20.
But if you place an order for 5,00,000 then a fixed charge of Rs 20 will be charged.
Groww Intraday Charges
Groww charges a lower of Rs. 20 or 0.05% per executed order irrespective of the trading volume.
For example, if you trade worth Rs 20000 then Groww will charge Rs 10 for stock intraday, not Rs 20.
But if you place an order for 5,00,000 then a fixed charge of Rs 20 will be charged.
Groww Futures & Options Trading Charges
Groww charges a flat fee of Rs 20 per options order for the equity segment.
Groww Call and Trade Charges
Groww has not mentioned the charges on call and trade.
Groww Charges for Mutual Funds
Groww charges zero fees for mutual fund investments through its platform. You can also go through our list of best brokers for mutual funds investments.
Groww Charges for IPO Investment
Groww charges zero fees for IPO investments through its trading platform.
Groww Plegde and Unpledged Charges
You can use the margin against Demat holdings for trading futures & options only. Pledging in Groww is free of any charge.
Groww charges Rs.20 per request per scrip basis for Unpledging the stocks.
Groww Margin Shortfall Penalty
If your Groww balance becomes negative, you will have to pay a daily charge of 0.045%
Groww Charges For Auto-square Off
Groww charges Rs. 50 per auto-squares off all open intraday positions at or after the cut-off time.
| Segment | Equity intraday | Equity F&O | Currency F&O | Commodity F&O |
| Cut-off time | 3.20 pm | 3.25 pm | 4.45 pm | 25 mins before close |
Groww Funds Add Charges
Groww charges no for adding funds to the account.
Groww Funds Withdraw Charges
Groww doesn’t charge any fee for withdrawing funds from your trading to your bank account.
Groww Charges for Cancelled Orders
Groww does not charge any fees for canceling orders.
Cancellation can be due to –
- Canceling orders manually
- Auto-canceled by the system
- The order rejected for the shortage of funds or any reason
Groww Charges for GTT
Groww does not charge any fees for setting up GTT (Good Till Triggered) orders. However, a normal brokerage fee of up to Rs. 20 is charged when the order is triggered.
Groww Charges For BTST
Groww charges Rs 0 for BTST trades as this order comes under delivery product.
Groww Delayed Payment Charges
- Groww charges 0.045% per day on the debit balance in your trading account in the following conditions. If the utilized funds cross the available balance in the Groww account, it will lead to a debit balance. Additionally, if charges are debited without sufficient balance, it could result in a debit balance.
- For overnight F&O positions, 50% of the margin needs to compulsorily come in cash or cash equivalent collateral, and the remaining 50% can be in terms of non-cash collateral margin. If sufficient cash margin is not maintained and the shortfall is funded by the non-cash collateral, there will be a delayed payment charge of 0.045% per day.
Groww charges for physical delivery of derivatives
You need to pay 0.05% of the contract value for the physical delivery of the contract.
You can also check out our comparison of Groww vs Zerodha to compare two major discount brokers.
Government Taxes and Regulatory Charges
Groww SEBI Turnover Charges
Every broker has to pay a fee to SEBI for every trade that they execute on behalf of their clients.
Groww charges a fee of 0.0001% as SEBI charges.
Groww Transaction Charges
Groww charges transaction charges for every trade executed on the exchange. The charges are levied by the exchange and vary from one exchange to another. The charges are as follows:
| Segment | Charges |
| NSE Equity (intraday/ delivery) | 0.00345% |
| BSE Equity (intraday/delivery) | 0.00345% |
| NSE Equity Futures | 0.0020% |
| NSE Equity Options | 0.053% |
Groww STT Charges
STT (Securities Transaction Tax) is levied by the government on securities and commodities on all trades executed on the exchange. The charges are as follows:
| Trading Segment | Charges |
| Equity Delivery | 0.1% on both buy & sell |
| Equity Intraday | 0.025% only on sell |
| Equity Futures | 0.01% only on sell |
| Equity Options | 0.05% on premium only on sell |
Groww Stamp Duty
Stamp duty is a tax levied by the state government on the transfer of securities. Stamp duty is charged only on the buy side.
The stamp duty charges are as follows:
| Trading Segment | Charges |
| Equity Delivery | 0.015% |
| Equity Intraday | 0.003% |
| Equity Futures | 0.002% |
| Equity Options | 0.003% |
Groww DP Charges
Groww charges a DP charge of Rs. 13.5 per scrip for each Demat debit transaction(sell). There are no charges for Demat credit transactions. This is charged only on stock delivery.
GST (Goods and Services Tax)
GST is levied by the government on the services provided by the broker. 18% GST needs to be paid on all the charges like brokerage fees, SEBI charges, and transaction fees.
FAQs
Q1. What is Groww and what services do they offer?
Groww is a financial technology company that offers investment services such as mutual funds, stocks, and US stocks.
Q2. Does Groww charge for its services?
Groww does not charge any fee for opening an account or for investment in mutual funds and demat accounts. Groww doesn’t even charge any AMC.
Q3. Are there any charges for buying or selling mutual funds on Groww?
Groww does not charge any fee for buying or selling mutual funds. However, there is a charge levied by the mutual fund house for managing the mutual fund.
Q4. How does Groww earn revenue?
Groww earns revenue through brokerage on stock investing, stock + F&O trading, mutual funds investing (from fund houses) as well as US stock investing partner (not from the investor).
Q5. Are there any charges for using the advisory services provided by Groww?
No. Groww doesn’t offer any advisory services to its customers.
Q6. Is there any fee for withdrawing money from Groww?
There is no fee charged by Groww for withdrawing money from your account.
Q7. Are there any charges for investing in stocks on Groww?
Groww charges a fee of 0.5% or Rs. 20 per executed order for investing in stocks.
Q8. Are there any hidden charges in Groww?
There are no hidden charges in Groww. They have disclosed all the charges.
Q9. Is there any charge for using the Groww app?
There are no charges for using the Groww app.
Q10. Is there any charge for using Groww’s gold investment services?
Groww has stopped digital gold investment after SEBI’s ban in 2021. However, you can invest in mutual funds or ETFs that invest in gold as well without paying any commission.
Q11. How does Groww’s insurance service work and are there any charges for it?
Groww doesn’t offer insurance services as of now.
I have tried to add the details of all the Groww charges. If I missed any details, let me know in the comments.
