Groww Review: Charges, AMC, Platforms, Pros & Cons

Overview

Groww began as a mutual fund platform and added stocks and F&O later. It is popular with first-time investors for its simple app.

Unlike Zerodha, Groww charges brokerage on delivery trades (0.1% or ₹20, whichever is lower), but it charges no AMC. Which works out cheaper depends on how often you buy and sell and how much you hold.

Company & regulation

Legal entity	Groww Invest Tech Private Limited
Headquarters	Bengaluru, Karnataka
SEBI stock broker registration	INZ000301838
Depository participant	IN-DP-417-2019 (CDSL)
Other registrations	AMFI-registered mutual fund distributor, ARN-111686
Exchange memberships	NSE, BSE, MCX
Account types	Individual
Products	Stocks, F&O, commodity, direct mutual funds, IPO, ETFs, MTF

Verify registration on SEBI's register of stock brokers.

Groww charges

Groww charges as published at groww.in/pricing, checked 30 September 2026.
Account opening	₹0.
Demat AMC	₹0.
Equity delivery	₹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).
Futures	Flat ₹20 per executed order.
Options	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.
Margin trading (MTF)	Interest 14.95% per year.
Other notable charges	Auto square-off: ₹50 per position. Direct mutual funds: zero commission.

How Groww counts the DP charge

Rule: Every sell order
Broker's part: ₹16.50
Depository part: ₹3.50 (women ₹3.25)
GST: 18% on the total
Waiver: Broker's part is ₹0 when the debit value is below ₹100

₹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.

Source: Groww help – Are DP charges per stock or per order?; Groww – Pricing. Checked 30 September 2026. Compare every broker's rule in our DP charges guide.

Full fee schedule with sources

Groww fee schedule, one row per fee, each with its own source. Checked 30 September 2026.
Fee	Amount	Charged	Applies to	Source
Account opening	₹0	one-time	Resident individual	Groww – Pricing
Demat AMC	₹0	annual	Resident individual	Groww – Pricing
Brokerage – delivery	0.1% or ₹20, whichever is lower; min ₹5	per executed order	Resident individual	Groww – Pricing
Brokerage – intraday	0.1% or ₹20, whichever is lower; min ₹5	per executed order	Resident individual	Groww – Pricing
Brokerage – F&O (Equity F&O)	₹20	per executed order	Resident individual	Groww – Pricing
Brokerage – UPI mandate balance	1% (no cap)	per order	Orders funded from UPI mandate balance	Groww – Pricing
DP charge	₹3.50 depository + ₹16.50 Groww + GST = ₹23.60	per sell order	Resident individual	Groww help – Are DP charges per stock or per order?
DP charge – women	₹3.25 depository + ₹16.50 Groww + GST ≈ ₹23.31	per sell order	Women first holders	Groww – Pricing
DP charge – small debit	Groww's part ₹0 (depository fee still applies)	when the debit value is below ₹100	Resident individual	Groww – Pricing
MTF	Brokerage 0.1% per order; interest 14.95% p.a.		Resident individual	Groww – Pricing
Auto square-off	₹50	per position	Resident individual	Groww – Pricing

Statutory charges (STT, exchange transaction charges, SEBI fee, stamp duty) and 18% GST are extra. Estimate a full trade in the brokerage calculator.

Platforms & apps

Groww offers a single app and website for stocks, F&O and direct mutual funds. The interface is designed for simplicity.

Mobile: Groww app (Android, iOS)
Web / desktop: Groww web

Research, support & margin

Research

Groww does not offer personalised advisory. The app includes basic company data and educational content.

Customer support

Support is through the in-app help section. Check Groww's help centre for current channels.

Margin & MTF

MTF is available at 14.95% interest per year.

Pros & cons

Pros

₹0 account opening and ₹0 AMC
Very simple, beginner-friendly app
Direct mutual funds with zero commission
₹20 flat F&O brokerage

Cons

Brokerage on delivery trades (0.1% or ₹20)
Minimum brokerage of ₹5 per order
Auto square-off fee of ₹50 per position
DP is charged on every sell order, so splitting a sale costs more
Fewer advanced trading tools than trader-focused platforms

Who Groww suits

First-time investors who want one simple app for stocks and mutual funds and prefer no annual AMC.

May not suit

High-frequency delivery investors, who may pay less at a ₹0-delivery broker, and users who need advanced charting or an API.

For beginners

Groww's app is among the simplest to start with. Watch the per-order delivery brokerage if you place many small orders.

Frequently asked questions

Does Groww charge AMC?

No. Groww lists ₹0 account opening and ₹0 AMC on its pricing page.

What are Groww's delivery charges?

₹20 or 0.1% per executed order, whichever is lower, with a minimum of ₹5.

What is Groww's DP charge?

₹3.50 depository (₹3.25 for women) + ₹16.50 Groww + 18% GST, about ₹23.60 per sell order. Groww's own fee is ₹0 when the debit value is below ₹100.

Does Groww charge DP per stock or per order?

Per sell order. Groww's help centre says that if you sell the same stock in two separate orders, DP is charged twice.

Is Groww SEBI registered?

Yes. Groww Invest Tech Pvt. Ltd. is registered with SEBI as a stock broker under INZ000301838.

Groww Review 2026

At a glance