Groww, India’s no 1 fastest-growing discount broker, offers investing in stocks, mutual funds, IPO, Future & Options, SGB, US Stocks, and more with an attractive simple pricing model. It provides zero account opening fees and zero amc charges with flat fees for delivery and intraday trading.
In this article, We will explain Groww’s brokerage charges and pricing model in detail so you can easily understand the fees and taxes you can face when investing or trading through groww.
Detailed Charges List
Groww brokerage charges and pricing – We have divided this section into 4 parts, the first section covers general charges list, second section covers regulatory charges for equity (groww not provide currency and commodity), at third covers penalties and last explained all charges briefly.
Key Charges
₹0
For Account Opening
Free Account Opening, AMC & Platform Fees
₹20
For Equity
₹20 or 0.05% per executed order, whichever is lower
₹20
For Future & Options
Flat ₹20 per executed order
₹0
For Mutual Fund
Investing in MF on Groww is free of charge
Basic/General Charges List – Groww
| Description | Charges |
|---|---|
| Account Opening | ₹0 |
| Annual Maintenance Charges (AMC) | ₹0 |
| Call & Trade Services | – |
| Auto Square Off Charges | ₹50 per poition |
| Depository Participant charges (DP) | ₹18.25 per company debit |
| Physical Delivery of derivatives | ₹20 |
| Cheque Bounce Charges | ₹0 |
| Payment Gateway Charges | ₹0 |
| Credit Charges (Buy Receive) | ₹0 |
| Pledge Request | ₹20 |
| Unpledge Request | ₹20 |
| Pledge Invocation | ₹20 |
| Demat Charges | ₹150 per certificate + courier |
| Remate Charges | ₹150 per certificate + courier |
| Conversion of MF Units / Destatementisation | ₹0 |
| Reconversion of MF units into SOA or Redemption/Restatmentisation Per SOA | ₹20 + GST |
| Stamp Charges | ₹100/- |
| Failed / Rejected Demat Transactions | ₹50 per ISIN |
| Periodic Statement | ₹0 charges by Email. ₹10 per page + courier charges |
| Modification in KRA / Download | ₹50/- |
| Transfer of shares from GROWW Demat to other Demat | ₹13.5 + GST per scrip |
| Transfer of shares from other Demat to GROWW | ₹0/- |
Regulatory charges – Groww
| Type | Equity delivery | Equity intraday | Futures | Options |
|---|---|---|---|---|
| Brokerage | ₹20 or 0.05% per executed order, whichever is lower | ₹20 or 0.03% per executed order whichever is lower | Flat ₹20 per executed order | Flat ₹20 per executed order |
| STT | 0.1% on buy & sell | 0.025% on the sell side | 0.02% on the sell side | 0.01% on sell side |
| Exchange charges | NSE: 0.00297% BSE: 0.00375% | NSE: 0.00297% BSE: 0.00375% | NSE: 0.00173% BSE: 0 (Zero) | NSE: 0.03503% BSE: 0.0325% |
| GST | 18% on brokerage + SEBI charges + transaction charges | 18% on brokerage + SEBI charges + transaction charges | 18% on brokerage + SEBI charges + transaction charges | 18% on brokerage + SEBI charges + transaction charges |
| SEBI charges | ₹10 / crore | ₹10 / crore | ₹10 / crore | ₹10 / crore |
| Stamp charges | 0.015% | 0.003% | 0.002% | 0.003% |
| IPST (NSE) | 0.0001% of the turnover | 0.0001% of the turnover | 0.0001% of the turnover | 0.0005% of the turnover |
Penalties – Groww
| Description | Charges |
|---|---|
| Auto Square of Charges | ₹50 per position |
| Auction – if unable to deliver a stock (not in demat) | As per EXCHANGE |
| Delayed Payment Charges | 0.045% per day, Simple Intrest, Compounded Monthly |
Groww MTF (Margin Trading Facility) Charges
Brokerage: 0.1% per order of the order value
Interest Charges: Groww charges 0.043% per day + GST for a book size upto 25 lakhs or funded amount is less than 25 lakhs and 0.027% per day for a book size more than 25 lakhs or funded amount is greater than 25 lakhs on the borrowed amount. This cost will be deducted from your gains or added to your losses.
All Charges Explained – Groww
Groww Charges
- Brokerage – up to ₹20 per order charged on stocks & FnO order
- Zero Commission on Mutual fund
Government Charges
- STT – Securities Transaction Tax – This charges levied by the government on securities and charged on both buy and sell orders for equity delivery & charged only on sell when you trade intraday in equity and FnO.
- GST – 18% – leved by government on the services. this is additional charges on brokerage, dp charges, Exchange charges, IPFT, Sebi Ternover, DDPI and auto square off charges.
- Stamp duty charges – Stamp duty charges are a part of state government revenue systemapplicable on the trading of securities.
Regulatory Charges
- Transaction Charges – This charges applicable or charged by exchange like nse, bse on the value of your transaction.
- SEBI Charges – SEBI a government body regulating the indian securities market charged ₹10 per crore.
DP Charges
- ₹18.25 + GST per script, on the debit day, is charged from the trading account when stocks are sold. This is charged by the depository and depository participant.
In this article, we’ve looked closely at Groww’s fees structure and brokerage charges. This helps you understand what you’ll pay when you use Groww for investing and trading.
Also when you look at the key charges, Groww charges zero account opening fees as well as zero annual maintenance charges that help beginners enter the markets and explore the world of investing cost-free.
