The world of investments has witnessed a massive shift in the last few years, with online brokers and trading platforms becoming the preferred choice for many traders and investors.
One such popular platform is Groww, which has gained popularity for its user-friendly interface, low brokerage charges, and a range of investment options.
However, with the multitude of investment options and platforms available, it can be challenging to navigate through the various fees associated with online brokers.
In this blog, we’ll explore the various charges levied by Groww, including brokerage charges, account opening charges, transaction charges, and other miscellaneous charges.
Groww Brokerage Charges
Following are the Groww brokerage charges:
| Type of Investment | Brokerage Fee (INR) |
| Equity – Intraday | Rs. 20 or 0.05% (whichever is lower) per executed order |
| Equity – Delivery | Rs. 20 or 0.05% (whichever is lower) per executed order |
| Equity – Options | Rs. 20 per order |
| Equity – Futures | Rs. 20 per order |
| Commodity – Options | NA |
| Commodity – Futures | NA |
| Currency – Options | NA |
| Currency – Futures | NA |
| Fixed Monthly Fee | NA |
Brokerage charges of an online broker refer to the fees charged by the broker for executing buy and sell orders of financial instruments such as stocks, bonds, options, futures, and commodities on behalf of their clients.
The brokerage charges may vary depending on the type of investment, the volume of trade, the exchange, and the brokerage firm.
Equity Brokerage Charges
- Intraday and Delivery Trading: Brokerage fee charged on a per executed order basis, usually a fixed fee or a percentage of the trade value, whichever is lower.
- Options and Futures Trading: Brokerage fee charged on a per-order basis, usually a fixed fee per lot.
Commodity and Currency Brokerage Charges
- Options Trading: No brokerage charges are usually charged on currency and commodity options trading.
- Futures Trading: Brokerage fee charged on a per-order basis, usually a fixed fee per lot.
It’s important to note that brokerage charges can vary depending on the specific broker and the trading platform used.
It’s always a good idea to research and compare different brokers to find the best fees and services that suit your trading needs.
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Groww Account Opening Charges
| Service | Charges (INR) |
| Opening Trading Account | 0 |
| Annual Maintenance Charges for Trading Account | 0 |
| Opening Demat Account | 0 |
| Annual Maintenance Charges for Demat Account | 0 |
Broker account opening charges refer to the fees charged by an online broker to open a new trading account.
These charges may include account opening fees, Demat account opening charges, and other charges such as annual maintenance charges, transaction charges, and other account-related fees.
The charges may vary depending on the broker and the type of account you choose to open. Some brokers may waive the account opening charges or offer special discounts to attract new customers.
Find out Brokerage & Other Charges of Stock Brokers
Groww Transaction Charges
| Trading Segment | Charges (INR) |
| Equity Intraday | BSE- Rs. 300 or 0.003% per crore (each side) |
| Equity Delivery | NSE- Rs. 325 or 0.00325% per crore (each side) BSE- Rs. 300 or 0.003% per crore (each side) |
| Equity Options | NSE- Rs. 325 or 0.00325% per crore (each side) NSE- 0.053% on premium |
| Equity Futures | NSE- 0.02% |
| Currency Options | NA |
| Currency Futures | NA |
| Commodity Options | NA |
| Commodity Futures | NA |
Groww is an online broker that charges different transaction fees for various trading segments.
For equity intraday trading, the charges are Rs. 300 or 0.003% per crore (each side) on BSE and Rs. 325 or 0.00325% per crore (each side) on NSE. For equity delivery trading, the charges are the same as for intraday trading.
For equity options trading on NSE, the charges are 0.053% on the premium, while for equity futures trading on NSE, the charges are 0.02%.
However, for currency and commodity options and futures trading, no transaction charges are applicable.
It’s important to note that these fees are subject to change, and traders should always check with the broker for the latest charges before placing any trades.
Groww Other Charges
| Transaction Types | Charges (INR) |
| Buying-Transaction Charges | Rs. 0 |
| Selling-Transaction Charges | Rs. 8 + 5.50 (CDSL) / ISIN |
| Selling- Off-Market Transactions | Rs. 8 + 5.50 (CDSL) / ISIN |
| Failed Transaction | Rs. 50 / ISIN |
| Pledge Creation Or Closure Or Confirmation | Rs. 20 + 12 (CDSL) |
| Pledge Invocation | Rs. 20 |
| Conversion – DEMAT | Rs. 150 + courier charges/certificate |
| Conversion Rejections – DEMAT | Rs. 0 |
| REMAT | Rs. 150 + courier charge/certificate |
| Instruction Book For Delivery | Rs. 0 for first 10 leaves / Rs. 100 + courier charge for additional 10 leaves |
| Statement Request (Periodic Or Adhoc) | Rs. 0 for the Email statement and Rs. 10/page for the physical statement |
| Modification Request Of KYC | Rs. 50 |
| Upload And Download Of KRA | Rs. 50 |
| Physical Client Master Report | Rs. 20 + courier |
| Inter-Settlement Charges | Rs. 13.5 + GST |
Transactions like buying stocks have zero charges while selling stocks, off-market transactions, and inter-settlement charges carry a flat rate of Rs. 8 with an additional Rs. 5.50 per ISIN (CDSL) charge.
Failed transactions have levied a charge of Rs. 50 per ISIN. For pledge creation, closure, or confirmation, investors have to pay Rs. 20 plus Rs. 12 (CDSL) charges, and pledge invocation costs Rs. 20.
For DEMAT conversions, the charges are set at Rs. 150 per certificate, with an additional courier charge.
An instruction book for delivery is provided free of cost for the first ten leaves, after which an additional ten leaves will cost Rs. 100 plus courier charges.
More on Groww Charges
Statement requests are subject to varying charges, with email statements available for free, but physical statements costing Rs. 10 per page.
KYC modification requests and upload/download of KRA are both charged at Rs. 50 each. Lastly, physical client master reports carry a charge of Rs. 20 plus courier charges.
These charges provide a comprehensive overview of the fees that investors may encounter while trading in various markets.
It’s essential to take note of these charges while making investment decisions and to choose a brokerage that offers transparent and competitive rates.
Understanding the charges associated with investing is crucial in planning and managing an investment portfolio.
Check out the Charges of other Stock Brokers
Groww Regulatory and Government Charges
| Statutory and Government Charges | Amount |
| Goods and Services Tax (GST) | 18% of brokerage and transaction charges |
| Commodities Transaction Tax (CTT) | 0.01% of the transaction value (sell only for non-agricultural commodities) |
| SEBI Turnover Charges | 0.0002% of turnover |
| Clearing charges (Equity Delivery) | 0.0002% of transaction value |
| Clearing charges (Equity Intraday, Futures, Options) | 0.0001% of transaction value |
| Clearing charges (Currency and Commodity Futures) | 0.0001% of transaction value |
Securities Transactions charges or STT
STT stands for Securities Transaction Tax, which is a tax levied on the purchase or sale of securities such as stocks, equity-oriented mutual funds, and exchange-traded funds in India.
The tax is applied as a percentage of the transaction value and is payable by the buyer or seller, depending on the type of transaction.
| Product | Transaction Type | Fee |
| Equity | Intraday (selling side) | 0.03% |
| Equity | Delivery (buy and sell) | 0.10% |
| Equity | Options (selling side) | 0.05% on premium |
| Equity | Futures (selling side) | 0.01% |
| Commodities | Options (selling side) | 0.05% |
| Commodities | Futures (selling side) | 0.01% (non-agri) |
| Currency | N/A | No STT |
| Right to Entitlement | Selling side | 0.05% |
| On Exercise Transaction | Selling side | 0.13% |
Stamp Duty
Stamp Duty charges are a type of fee that brokers may charge to their clients when executing certain types of transactions.
This fee is typically collected on behalf of the state government and is applied to a variety of financial instruments, including stocks, bonds, and other securities.
These charges can vary depending on the state in which the transaction occurs and the type of security being traded.
In some cases, the broker may add the Stamp Duty charges to the transaction cost, while in other cases, the charges may be deducted from the client’s account separately.
| Instrument | Stamp Duty Fee |
| Delivery | 0.02% |
| Intraday | 0.00% |
| Equity Futures | 0.00% |
| Equity Options | 0.00% |
| Currency Futures & Options | 0.00% |
| Commodity Options (MCX) | 0.00% |
| Commodity Futures (MCX) | 0.00% |
More on Stamp Duty Charges
Government and statutory charges are levied by brokers on behalf of the government or regulatory authorities. These charges are typically non-negotiable and must be paid by investors in addition to the brokerage fees.
Some of the common government and statutory charges that brokers may levy include:
- Securities Transaction Tax (STT): STT is a tax on the value of securities traded on stock exchanges in India. It is collected by the broker on behalf of the government and applies to all equity trades.
- Goods and Services Tax (GST): GST is a tax on the value of goods and services provided in India. Brokers are required to charge GST on their brokerage fees and other services offered.
- Stamp Duty: Stamp duty is a tax on the transfer of financial securities, including stocks and bonds. The rate of stamp duty varies by state and is collected by the broker on behalf of the state government.
- Depository Participant (DP) charges: DP charges are levied by the depository (CDSL or NSDL) for holding securities in dematerialized form. These charges are collected by the broker on behalf of the depository.
- Other Regulatory Charges: Brokers may also levy other regulatory charges, such as Investor Protection Fund (IPF) charges and Clearing Corporation charges.
It’s important to note that these charges are not determined by the broker and are mandated by the government or regulatory authorities.
Investors should be aware of these charges while making investment decisions and factor them into their overall trading costs.
Conclusion
In conclusion, Groww is an online broker that offers competitive brokerage charges, account opening charges, transaction charges, and other related fees.
The brokerage charges vary depending on the type of investment, the volume of trade, the exchange, and the brokerage firm.
It’s important to note that the charges are subject to change, and traders should always check with the broker for the latest charges before placing any trades.
Overall, Groww provides an affordable and transparent trading platform for investors looking to invest in the Indian stock market.
General FAQs on Groww Charges
Let us have a look at the FAQs on Groww Charges:
What are the charges for opening a Groww account?
There are no charges for opening a Groww account. It is completely free of cost.
Does Groww charge for transactions?
Groww does not charge any transaction fee for mutual fund investments. However, for equity and F&O investments, some charges depending on the segment and the exchange.
What is the fee for using Groww’s investment advisory services?
Groww’s investment advisory services are completely free of cost. You can get expert advice on investments without any fee.
Does Groww charge any fee for using its research tools?
No, Groww’s research tools are free of cost. You can use them to make informed investment decisions without any charges.
Are there any hidden charges on Groww?
No, Groww does not have any hidden charges. All charges are transparent and displayed on the app.
Does Groww charge for SIP investments?
No, there is no charge for investing in mutual funds through SIPs on Groww.
Does Groww charge for mutual fund redemption?
No, there are no charges for mutual fund redemption on Groww.
Does Groww charge for demat account maintenance?
No, there are no charges for demat account maintenance on Groww.
Is there any fee for cancelling a mutual fund order on Groww?
No, there is no fee for cancelling a mutual fund order on Groww.
Does Groww charge for investing in international mutual funds?
Yes, there is a fee for investing in international mutual funds on Groww. The fee varies depending on the fund.
Open Demat Account with Groww Now! – Fill up the Form
Find out Brokerage Charges of other Stock Brokers
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