App History:

Groww Annual Maintenance Charges: Groww is the fastest growing stock broker in India. It is a Bangalore based startup. Lalit Keshre, Harsh Jain, Neeraj Singh, and Ishan Bansal founded Groww in May 2017.

Groww Active Users:

Groww became India’s largest stock broker by overtaking Zerodha with 6.63M Active Users in September 2023. Currently Zerodha has 6.48M active users.

Currently there are approximately 32.5M retail stock investors in India. In this, 21.5% users are associated with Groww. About 20.8% users are associated with Zerodha. After this, Angel One, Upstox and ICICI Direct are the three largest stock brokers. These five brokers handle the accounts of about 81.7% of retail investors in India.

Benefit:

The biggest advantage of opening an account in Groww is that here you get a chance to open a Demat Account for free. Along with this, the Annual Maintenance Charges for Lifetime is Zero “0”.

Drawback:

Groww does not give you the option to trade in currency and commodity. Along with this, Groww also does not provide the facility of NRI Demat Account.

Full Details of Groww Charges

When you trade in the share market, 20 to 25 types of charges are collected from you under different names.

In today’s post, I will tell you in full detail about all the charges which Groww App charges you under different names.

1. Groww Account Opening Charges:

Account Opening Charges in Groww is Zero “0”. Here you can open your demat and trading account for free.

2. Groww Annual Maintenance Charges:

Groww is one of the few brokers that charges zero AMC. Here, you will not be charged any money for Annual Maintenance Charges (AMC) for the first year as well as life time.

Brokers With Zero Annual Maintenance Charges (AMC)

Groww

Upstox

Fyers

3. Groww Delivery Charges

Groww also charges brokerage for delivery like intraday trading.

Groww charges lower of ₹20 or 0.05% for every executed order, irrespective of the trading volume.

Case	Particulars	Brokerage
1	Mr. Ashu trades worth Rs 30000 Brokerage Calculation: A. 0.05% for executed order {30000×0.05%=₹15} OR B. ₹20 [A or B, whichever is Lower]	₹15
2	Mr. Ashu trades worth Rs 300000 Brokerage Calculation: A. 0.05% for executed order {300000×0.05%=₹150} OR B. ₹20 [A or B, whichever is Lower]	₹20

Drawback:

Many brokers in the market provide free delivery. In such a situation, charging for delivery is a negative point for Groww.

Brokers that provide Free Delivery Facility

Zerodha

Angel One

Paytm Money

4. Groww Intraday Charges

Groww charges at the same rate for both the Delivery as well as Intraday Trades.

Groww charges lower of ₹20 or 0.05% for every executed order, irrespective of the trading volume.

Case	Particulars	Brokerage
1	Mr. Ashu trades worth Rs 30000 Brokerage Calculation: A. 0.05% for executed order {30000×0.05%=₹15} OR B. ₹20 [A or B, whichever is Lower]	₹15
2	Mr. Ashu trades worth Rs 300000 Brokerage Calculation: A. 0.05% for executed order {300000×0.05%=₹150} OR B. ₹20 [A or B, whichever is Lower]	₹20

Drawback:

Many brokers in the market provide intraday service at cheaper rates than this. In such a situation, charging a hight rate of Brokerage is a negative point for Groww.

Brokers that provide Intraday service at cheaper rate	Rate
Zerodha	0.03% or ₹20, whichever is lower per executed order
Angel One	Rs. 20 per executed order or 0.25% of the transaction value, whichever is lower
Kotak Securities	0.039%
Motilal Oswal	0.02%
ShareKhan	0.02% on market rate or minimum 1 paisa per share

5. Groww Futures & Options Trading Charges

Groww charges a flat fee of ₹20 per trade to trade in both the equity futures and options segments.

Note:- Here also Zerodha is ahead of Groww. Zerodha charges only 0.03% brokerage on equity futures and options trading. Example: If Trade amount is 30000 in equity futures and options Then, Brokerage as per Groww:- ₹20 Flat Rate OR Brokerage as per Zerodha :- ₹9 { ₹30,000×0.03% = ₹9} Zerodha is best for those who have just entered the field of equity futures and options with a capital of just rupees 50k or 1 lac.

6. Groww Charges for IPO

Grow charges zero fees for investing in IPOs through its platform.

7. Groww Fund Deposit Charges

Grow charges zero fees for depositing fund on its platform or to your trading account.

8. Groww Fund Withdrawal Charges

Grow charges zero fees for withdrawing funds from its platform/your trading account to your bank accounts. 

9. Groww Charges for Mutual Fund

Grow charges zero fees for investing in Mutual Funds through its platform.

10. Groww Charges for Auto Square-off

If you do not close your position in intraday till twenty minutes before the close of trading i.e. till 3:10 pm, then Groww automatically closes your position. Groww charges you Rs 50 as penalty for each open position.