According to our research report on top 20 stock brokers in India, Groww stands out as a rapidly emerging discount stockbroker, achieving an impressive 2nd position within a relatively short timeframe. With a client base of 53 lakh, representing 16% of the total.
In contrast, Angel One has the largest user base of 42 lakhs, among the best full-service brokers. Additionally, Angel One offers robo-advisory and US stock investment facilities.
I am going to comprehensively compare the charges imposed by both Groww and Angel One.
Angel One Vs Groww Charges
#1. Groww vs Angel One Account Opening Charges
Both stockbrokers Groww and Angel One offer ZERO charges for opening a Demat and trading account.
| Segment | Groww | Angel One |
| Trading & Demat Account Opening Charges | Free (Zero) | Free (Zero) |
Winner – Tie
#2. Annual Maintenance Charges (AMC)
Groww continues to be budget-friendly as it does not impose any annual maintenance charges (AMC) for its Demat and trading accounts. You can also check the list of free demat accounts with zero AMC charges.
On the other hand, Angel One offers zero AMC charges for the first year and levied Rs. 240 from the second year onwards for non-BSDA clients. For BSDA investors, Angel One charges Rs. 100 per annum.
| Stockbroker | AMC Charges |
| Groww | Free |
| Angel One | Free for 1st year From 2nd Year onwards – Non-BSDA Clients – Rs. 20 per monthFor BSDA (Basic Services Demat Account) Clients – Holding Value Less Than 50,000 : NIL- Holding Value Between 50,000 To 2,00,000 : Rs. 100 per year |
Winner – Groww
#3. Groww Brokerage Charges Vs Angel One
Both Groww and Angel One offer competitive rates. Groww’s brokerage charges are set at 0.05% or Rs. 20 per trade, whichever is lower.
Meanwhile, Angel One sets its brokerage at 0.25% or Rs. 20 per executed order, whichever is lower.
Angel One provides free equity delivery trading, making it an appealing choice for long-term investors. Another hand, Groww charges Rs 20 brokerage for equity delivery. Secondly, you can not trade in currency and commodity segments with Groww.
Let’s summarize the brokerage charges in a table for better clarity.
| Trading Segment | Groww Brokerage Charges | Angel One Brokerage Charges |
| Equity Delivery | Rs. 20 or 0.5% per executed order (whichever is lower) | Free |
| Equity Intraday | Rs. 20 or 0.05% per executed order (whichever is lower) | Rs. 20 or 0.25% per executed order (whichever is lower) |
| Equity F&O | Flat Rs. 20 per executed order | Rs. 20 or 0.25% per executed order (whichever is lower) |
| Currency F&O | Not Available | Rs. 20 or 0.25% per executed order (whichever is lower) |
| Commodity F&O | Not Available | Rs. 20 or 0.25% per executed order (whichever is lower) |
Winner – Angel One
#4. Call and Trade Charges
Angel One charges a fee of Rs. 20 per executed order for all trades executed through Call and Trade. Whereas Groww doesn’t provide this feature.
Winner – Angel One
#5. Mutual Fund and IPO Investment Charges
Groww offers zero charges for mutual fund investments through its platforms. Whereas, Angel One charges 0.5% to 1.% commission for mutual fund investments.
Additionally, both platforms do not charge any fees for IPO investments, making it easier for you to participate in the upcoming IPO 2023-2024.
Winner – Groww
#6. Pledge and Unpledged Charges
If you want to use the margin against your demat holdings, you’ll find that Groww offers a more economical option. Groww imposes no charges for pledging, and for unpledging, it costs only Rs. 20 per scrip.
On the other hand, Angel One charges on both pledging and unpledging of assets as mentioned below –
| Stockbroker | Pledge | Unpledge |
| Groww | Free | Rs 20 per scrip |
| Angel One | For Non-BSDA clients – Rs. 20 per ISIN For BSDA clients – Rs. 50 per ISIN | For Non-BSDA clients – Rs. 20 per ISIN For BSDA clients – Rs. 50 per ISIN |
Winner – Groww
#7. Margin Shortfall Penalty
Both stock brokers Angel One and Groww charge the penalty on the debit balance in the trading account.
| Stock Broker | Margin Shortfall amount | Penalty Rate |
| Angel One | Margin shortfall penalty on the outstanding amount | 1.5 % per month (levied every 15 days) |
| Groww | If cash is < 50% of the margin required | 0.045% on per day basis |
Winner – Groww
#8. Auto-square Off Charges
Angel One charges a flat fee of Rs. 20 per executed trade for all Auto-square-off trades.
On the other hand, Groww charges Rs. 50 per auto-squared off for all open intraday positions after the cut-off time.
Winner – Angel One
Angel One vs Groww Other Charges
#1. CMR Copy Charges
Angel One charges a fee of Rs. 50 per page for providing a physical copy of the CMR (Client Master Report) to its customers.
On the other hand, Groww has not mentioned anything about CMR copy delivery and its charges.
#2. Funds Transfer Charges
Both Groww and Angel One charge a fee of Rs. 9 per deposit through net banking.
Otherwise, both stockbrokers do not levy any fees for depositing money through UPI, IMPS, NEFT, or RTGS.
#3. Charges for Cancelled Orders
For canceled orders, both Angel One and Groww do not charge any fees.
Cancellation can be due to –
- Canceling orders manually
- Auto-canceled by the system
- Order rejected for short of funds or any reason
#4. GTT Order Charges
Good Till Trigger (GTT) allows you to set certain trigger (price) conditions leading to buying/ selling of shares at a particular price.
Both stockbrokers Angel One and Groww do not charge any fees for setting up GTT orders. However, you need to pay the brokerage fee of Rs. 20 when the order is triggered.
#5. BTST trading charges
For BTST (Buy Today Sell Tomorrow) trades, Groww does not charge any fees, as these orders fall under the delivery product category.
On the other hand, Angel One charges a flat fee of Rs. 20 per executed trade for all BTST trades.
Angel One Vs Groww Government Taxes and Regulatory Charges
#1. SEBI Charges
Every broker has to pay a fee to SEBI for every trade that they execute on behalf of their clients.
Both Angel One and Groww charge a fee of Rs 10 per crore traded as SEBI charges.
#2. 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.
#3. Transaction Charges
Both Angel One and Groww charge the same 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 | Angel One Charges | Groww Charges |
| NSE Equity (intraday/ delivery) | 0.00325% per trade on buy & sell | 0.00325% per trade on buy & sell |
| BSE Equity (intraday/delivery) | As per the stock group | 0.00325% per trade on buy & sell |
| NSE Equity Futures | 0.0019% | 0.0019% |
| NSE Equity Options | 0.050% (on premium) | 0.050% (on premium) |
| NSE Currency Futures | 0.0009% | Not Available |
| NSE Currency Options | 0.035% | Not Available |
| BSE Currency Futures | 0.00022% | Not Available |
| BSE Currency Options | 0.001% | Not Available |
| Commodity Futures | 0.0026% (Non-Agri) | Not Available |
| Commodity Options | 0.05% | Not Available |
#4. STT Charges
STT (Securities Transaction Tax) is levied by the government on securities and commodities on all trades executed on the exchange. Both Angel One and Groww charge the same STT charges. But Groww does not trade in currency and commodity segments.
The charges are as follows:
| Trading Segment | Angel One Charges | Groww charges |
| Equity Delivery | 0.1% on both buy & sell | 0.1% on both buy & sell |
| Equity Intraday | 0.025% only on sell | 0.025% only on sell |
| Equity Futures | 0.0125% only on sell | 0.0125% only on sell |
| Equity Options | 0.0625% on sell side (on premium) | 0.0625% on sell side (on premium) |
| Currency F&O | No STT | Not Available |
| Commodity Futures | 0.01% on sell (Non-Agri) | Not Available |
| Commodity Options | 0.05% on sell | Not Available |
#5. Stamp Duty
Stamp duty charges, which are levied by the state government on the transfer of securities. Stamp duty is charged only on the buy side.
Stamp Duty is also the same between the two platforms.
| Trading Segment | Angel One Charges | Groww Charges |
| Equity Delivery | 0.015% or Rs 1500 / crore | 0.015% or Rs 1500 / crore |
| Equity Intraday | 0.003% or Rs 300 / crore | 0.003% or Rs 300 / crore |
| Equity Futures | 0.002% or Rs 200 / crore | 0.002% or Rs 200 / crore |
| Equity Options | 0.003% or Rs 300 / crore | 0.003% or Rs 300 / crore |
| Currency Futures | 0.0001% or Rs 10 per crore | Not Available |
| Currency Options | 0.0001% or Rs 10 per crore | Not Available |
| Commodity Futures | 0.002% or Rs 200 per crore | Not Available |
| Commodity Options | 0.003% or Rs 300 per crore | Not Available |
#6. DP Charges
For each Demat debit transaction (sell), Groww applies a DP charge of Rs. 13.5 per scrip, whereas Angel One imposes a DP charge of Rs. 20 per scrip for non-BSDA clients and Rs. 50 per scrip for BSDA clients.
There are no charges for Demat credit transactions. This is charged only on selling shares from the demat account.
| Stockbrokers | DP Charges |
| Groww | Rs. 13.5 per scrip |
| Angel One | Rs. 20 per Rs. 50 per scrip for BSDA Clients |
Conclusion
Groww is an ideal choice for beginners as Groww offers zero account opening charges with zero AMC charges.
On the other hand, Angel One’s free equity delivery and lower brokerage charges for active investors and traders. You can also trade in currency and commodity segments with Angel One. Moreover, you can also invest in US stocks from India through Angel One.
FAQs About Groww vs Angel One Charges
Groww offers zero charges for mutual fund investments. Angel One charges 0.5% to 1.% commission for mutual fund investments.
Groww does not charge any fee for pledging and Rs. 20 per scrip for unpledging. Angel One charges on both pledging and unpledging, varying for different types of clients.
Pledge/Unpledge charges with Angel One –
- For Non-BSDA clients – Rs. 20 per ISIN
- For BSDA clients – Rs. 50 per ISIN
Groww does not impose any AMC charges. Angel One offers zero AMC charges for the first year and Rs. 240 from the second year onwards for non-BSDA clients.
Both Groww and Angel One offer zero charges for opening a Demat and trading account.
Groww charges Rs. 13.5 per scrip for Demat debit transactions, while Angel One imposes different charges based on client types –
- For Non-BSDA clients – Rs. 20 per scrip
- For BSDA clients – Rs. 50 per scrip
Angel One charges a flat fee of Rs. 20 per executed trade for Auto-square Off. On the other hand, Groww charges Rs. 50 per auto-squared off for all open intraday positions after the cut-off time.
Groww charges 0.05% or Rs. 20 per trade (whichever is lower) while Angel One charges 0.25% or Rs. 20 per executed order (whichever is lower).
