Brokerage Charges, Margin, Trading & Demat Account (2024)

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Armed with a vision to democratise investing and make it accessible and user-friendly, the four ambitious minds at Flipkart - Lalit Keshre, Harsh Jain, Ishan Bansal, and Neeraj Singh started Groww in 2017. And, in just seven years, Groww became India's number one stock broker with the highest number of active investors. Groww has an active client base of 91,85,024 as of February 2024.

Product Basket

The segments in which you can invest (includes Equity, Commodity, Currency, Futures and Options) through this broker

Equity

Commodity

Currency

Futures

Options

Brokerage Plans(Single Plan)

1 or more plans offered by this broker, which outlines, Account opening and maintenance fees charged by this broker, Brokerage charges and Margins provided. Use plan switcher to see the difference in offerings, if multiple plans are available.

Charges

Account Opening Charges

Free

Account Maintenance Charges

Free

Call & Trade Charges

Brokerage

Equity Delivery Brokerage

0.05%

Equity Intraday Brokerage

0.05%

Equity Futures Brokerage

₹ 20

Equity Options Brokerage

₹ 20

Currency Futures Brokerage

Currency Options Brokerage

Commodity Futures Brokerage

Commodity Options Brokerage

Margins

Equity Delivery Margin

Equity Intraday Margin

Equity Futures Margin

Equity Options Margin

Currency Futures Margin

Currency Options Margin

Commodity Futures Margin

Commodity Options Margin

✍ Groww Brokerage Calculator Charges Details

Trading Platforms Learn More

Set of software & applications offered by the broker for executing buy and sell orders online. These are names of their portals and mobile apps, for full desc- Full Platform Details.

Website Groww App

Pros

Advantages and Strengths of this broker.

Commission free investment for customers on Mutual Funds
Opening a trading and Demat account is quick and easy.
Users can also purchase US equities, US ETFs, US FDs, and digital gold.
Simple and intuitive user interface.

Cons

Disadvantages of this broker that it needs to improve upon.

Commodity and Currency trading options are not available on Groww.
It doesn't offer analysis, trading advice, or recommendations.
Advanced orders, including GTT, Bracket, Cover orders, and AMO orders, are not accessible.
It does not provides research report on stocks.

Additional Features

Extra features provided by the broker at little or no extra cost. Like research reports, SMS alerts etc.

3 in 1 Account

Free Trading Calls

Free Research Reports

SMS Alerts

Margin Funding

Margin Against Share

Other Investment Options

Services provided by the broker for investing in other financial assets such as Mutual funds, Insurance, Bonds etc.

Mutual Funds

IPO Platform

Bonds & Debt

Exchange Traded Funds

Insurance

Finology Ratings & Reviews for Groww

Ratings are provided based on customer service, usability, charges and overall average. Reviews are based on positive and negative aspects of the broker that help you understand this broker better.

Charges

(3)

Usability

(3)

Why Choose Groww? Know Everything about Groww here.

Verdict

Aiming to simplify, streamline,and provide transparent trading and investing experience for its clients, Groww's trading platforms are constantly improving. Depending on your inclination, you may invest through a web browser or a mobile app, or you can move between them without any hassle.

If you are an Investor, the brokers provide you with

Well-drafted educational content to learn about stocks and mutual funds,
One app for all investment options ensures easy management of money,
Charges zero brokerage on equity delivery,
Access to financial reports on stocks for a better understanding,
Provision to apply for IPO.

If you are a Trader, the brokers provide you with

Similar user interfaces in trading platforms that avoid confusion,
App features an on-the-go facility, making trading possible from anywhere,
Wide range of charts and indicators,
Minimal brokerage charges on trading through Groww.

Trading Tools

Groww offerstrading platforms that are user-friendly, simple to use, and secure for its users. Theplatforms offer hassle-free transactions to clients. Groww's trading tools include:

Website (Groww.in)

They have one platform for every investment instrument- Stocks, Mutual Funds, Gold, US stocks, ETFs & FDs. The interface is easy to understand and loaded with explanations which makes it easy to go. Its features include:

Financial reports of listed Indian corporations.
Blogs with instructional and educational content.
Simple web portal with easy-to-use features.
Opportunity to research and contrast stocks and mutual funds to make a better investment choice.
Provision of applying for an IPO online.

Mobile App (Groww App)

The mobile applicationissimilar to their web platform. Investment in Stocks, MFs, Gold, US stocks, ETFs & FDs in just a few clicks. The application is easy to understand.

The Groww app has the following features:

Available for iOSand Android mobile platforms.
Uses a candlestick chart to follow the stock movement.
Has an easy-to-use user interface.
Provides access to over 5000 direct mutual funds.
Option for switching directly to mutual funds.

Charges Details

CHARGES	DELIVERY	INTRADAY
Transaction Charges	0.00345% -NSE 0.00345% -BSE	0.00345% -NSE 0.00345% -BSE
DP Charges	₹ 13.5per company	₹ 0
GST	18% on Brokerage + Transaction	18% on Brokerage + Transaction
STT	0.1%	0.025%
SEBI Charges	0.0001%	0.0001%

🙋‍♂️ Read Groww FAQ

Groww Complaints & Stats

Company name:

NextBillion Technology Private Limited

Contact:

+91-9108800604

Email:

support@groww.in

Active Users:

91,85,024

Groww Customer Reviews

Overall Rating

4.3

Based on 147 reviews

View all 147 Reviews

Rating Summary

62%

21%

Review Analytics

Platform 5 votes

Charges 9 votes

Transparency 0 votes

Features 11 votes

Customer Support 7 votes

jayeshbhai nagjibhai patel

(4)

Posted on 14 Nov 2022

brokerage is low

tausif shaikh

(5)

Posted on 23 Oct 2022

So easy to operate

sai eashwar

(5)

Posted on 15 Sep 2022

They have amazing UX and keep improving their products

dhrigu bandopadhay

(5)

Posted on 12 Sep 2022

I am not a good writer, don't have much to say I am simply glad that I chose Groww over any other options available.

abhimanyu

(5)

Posted on 13 Aug 2022

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