Groww vs Angel One
Both charge 0.1% or ₹20 on equity and ₹20 on F&O. The differences are in AMC, research and extras.
Fees checked on against each broker's official pricing page.
Charges side by side
| Charge | Groww | Angel One |
|---|---|---|
| Account opening | ₹0. | ₹0. |
| Demat AMC | ₹0. | Free for the first year. After that, BSDA: nil up to ₹4 lakh and ₹100 + GST for ₹4–10 lakh; non-BSDA: ₹60 + GST per quarter. |
| Equity delivery | ₹20 or 0.1% per executed order, whichever is lower (minimum ₹5). | ₹0 brokerage up to ₹500 in the first 30 days; then ₹20 or 0.1% per executed order, whichever is lower (minimum ₹5). |
| Equity intraday | ₹20 or 0.1% per executed order, whichever is lower (minimum ₹5). | ₹0 brokerage up to ₹500 in the first 30 days; then ₹20 or 0.1% per executed order, whichever is lower (minimum ₹5). |
| Futures | Flat ₹20 per executed order. | Flat ₹20 per executed order. |
| Options | Flat ₹20 per executed order. | Flat ₹20 per executed order. |
| DP charge (on selling delivery shares) | Every sell order. ₹3.50 depository (₹3.25 for women) + ₹16.50 Groww + 18% GST = ₹23.60 (₹23.31 for women). Groww's own fee is ₹0 when the debit value is below ₹100. Groww says DP is applied per sell order, not per stock: selling the same stock in two orders costs two DP charges. | Every sell transaction per ISIN. ₹20 + 18% GST (₹23.60) per ISIN per transaction. Split: ₹3.50 CDSL + ₹16.50 Angel One (men), ₹3.25 + ₹16.75 (women). Angel One's example: selling TCS at 10 am and again later the same day attracts DP twice. |
| Margin trading (MTF) | Interest 14.95% per year. | Interest 0.041% per day on MTF borrowings (Angel One lists 0.049% per day for ordinary debit balances). |
| Other notable charges | Auto square-off: ₹50 per position. Direct mutual funds: zero commission. | Call & trade: ₹20 per order. DDPI: ₹100. Angel One's page also mentions an MTF interest revision to 14.99% a year (see the source-conflict note). |
Company, regulation & platforms
| Groww | Angel One | |
|---|---|---|
| Type | Discount broker | Discount broker with research |
| Legal entity | Groww Invest Tech Private Limited | Angel One Limited |
| SEBI registration | INZ000301838 | INZ000161534 |
| Mobile app | Groww app (Android, iOS) | Angel One app (Android, iOS) |
| Web / desktop | Groww web | Angel One web trading, SmartAPI |
| Best for | Beginners who want a simple app with no AMC | Investors who want research with low fees |
Key differences
Brokerage: identical headline rates: equity 0.1% or ₹20 (minimum ₹5), F&O ₹20. Angel One adds a ₹0 brokerage offer (up to ₹500) for the first 30 days.
AMC: Groww ₹0; Angel One free in year one, then ₹60 + GST per quarter (non-BSDA).
DP: both ₹23.60 including GST and both per sell order or transaction, so splitting one sale into two orders doubles the charge at either broker.
Research: Angel One publishes research as a SEBI-registered research analyst; Groww does not offer advisory.
MTF: Groww 14.95% p.a.; Angel One 0.041% per day on MTF borrowings (about 15% a year simple).
The worked examples ignore statutory charges. GST, STT, exchange and SEBI fees and stamp duty are extra and are comparable at both brokers.
Which should you choose?
- Choose Groww for ₹0 AMC and a very simple app.
- Choose Angel One if you want research reports and call & trade support.
Groww
Pros
- ₹0 account opening and ₹0 AMC
- Very simple, beginner-friendly app
- Direct mutual funds with zero commission
Cons
- Brokerage on delivery trades (0.1% or ₹20)
- Minimum brokerage of ₹5 per order
- Auto square-off fee of ₹50 per position
Angel One
Pros
- Flat ₹20 F&O brokerage
- SEBI-registered research arm
- Free AMC in the first year
Cons
- Brokerage on delivery trades after the first 30 days
- DP of ₹20 + GST on every sell transaction, even for the same stock on the same day
- Non-BSDA AMC applies from year two
Frequently asked questions
Do Groww and Angel One have the same brokerage?
Yes, on headline rates: 0.1% or ₹20 for equity and ₹20 for F&O. AMC, DP and extras differ.
Sources
- Groww – official pricing — accessed 30 September 2026
- Angel One – official pricing — accessed 30 September 2026