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 84,20,803 as of January 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:

84,20,803

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

How to Open Account?

Get the step by step account opening instructions and documents required for Groww.

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

FAQs

What are the charges for brokerage in margin trading? ›

Brokerage in Margin & Margin Plus

GST will be charged at 18% on total value of brokerage. Securities Transaction Tax (STT) at 0.025% on turnover(Sell transactions only) SEBI turnover charges at 0.0001% on turnover.

How much do brokers charge for margin? ›

Brokers may charge different rates for different levels of borrowing and may offer lower rates for larger account balances. Margin rates can range from as low as 2% to 10% or more annually, but they are subject to change and may be influenced by market conditions and the broker's discretion.

View Details ›

What are the brokerage charges for demat? ›

₹20 per executed order or 0.05% (whichever is lower). Flat ₹20 per executed order.

Discover More Details ›

What is the brokerage fee for trading accounts? ›

Usually, in India, the brokerage fee ranges between 0.01% to 0.5% of the total value of the transaction. For instance, if the amount of share is worth rs. 10,000, and the brokerage fee is 0.1%, then the total fee charged would be Rs.

How to avoid brokerage fees? ›

Reduction of Brokerage Fees to Zero

Investors can reduce account maintenance fees by comparing brokers, their provided services, and their fees. Buying no-load mutual funds or fee-free investments can help avoid per-trade fees.

View Details ›

How do I avoid paying interest on margin? ›

How do I avoid paying Margin Interest? If you don't want to pay margin interest on your trades, you must completely pay for the trades prior to settlement. If you need to withdraw funds, make sure the cash is available for withdrawal without a margin loan to avoid interest.

Which brokerage has the lowest margin rates? ›

Interactive Brokers (IBKR) has made having the lowest margin rates a key selling point. Interactive Brokers margin rates are consistently lower than the industry averages at every level.

Read On ›

Which brokerage has the lowest fees? ›

Examples of brokers with Lowest brokerage charges in India include Zerodha, Angel One & Kotak Securities . These platforms often appeal to traders and investors seeking cost-effective options with transparent fee structures, providing a variety of financial instruments at competitive rates.

Find Out More ›

How much does Fidelity charge for margin account? ›

Margin Rates

Debit balance	Margin rate	Effective rate
$1M+	Base – 3.075%	9.25%
$500,000-$999,999	Base – 2.825%	9.50%
$250,000–$499,999	Base – 0.500%	11.825%
$100,000–$249,999	Base – 0.250%	12.075%

3 more rows

Which bank has the lowest demat charges? ›

Bank Demat Account Charges (3-in-1 Account Charges)

Rank	Broker	Acct Opening Fee
1	ICICIdirect	Rs 0 (Free)
2	Kotak Securities	Rs 99
3	HDFC Securities	Rs 999
4	SBI Securities	Rs 850

3 more rows

Is a Demat account free? ›

Yes, the Demat account opening is free of cost. However, there a few additional charges. An Annual Maintenance Charge or AMC. Pay Rs 0 during the first year and after that, only Rs 20 per month + taxes.

Get More Info ›

Is there any charges for margin? ›

Stock, there is no subscription fees as eMargin facility comes free with your m. Stock Demat account. While you may think ₹10,000 annual or even one-time subscription fee isn't much, it does increase your effective rate of interest.

View Details ›

Do you get charged for using margin? ›

As with any loan, when you buy securities on margin you have to pay back the money you borrow plus interest, which varies by brokerage firm and the amount of the loan. Margin interest rates are typically lower than those on credit cards and unsecured personal loans.

View Details ›

How do brokers make money on margin? ›

In a margin account, your broker may lend your shares to short sellers or hedge funds without notifying you. The broker does this to earn additional interest on the lended shares.

See Details ›