Groww Charges – Find Brokerage Charges, Account Opening Charges and more

Keeping the charges accounted for is very essential. It is especially the Groww Brokerage Charges, which you need to account for, to ensure each and every deal is a profitable one, even after deduction of the Groww Charges.

Brokerage and a lot of other charges must be paid and hence, we recommend you to stay well read about the same.

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Groww Brokerage Charges

Profit is earned after lot of deductions and knowing about the deduction will help you fetch a good amount of profit, or at least keeps you out of the loss. The Groww Brokerage Charges are the prime consideration of investors to check, but that is not all.

There are a lot of other charges which go into a transaction undertaken by the trader or the investor. There are certain taxes and government changes included to the list as well, and we will study them all.

Having everything sorted will let you make an investment strategy and also let you excel in the domain of investment you are undertaking.

In this article, you will learn about the charges in total, starting right from the brokerage. Well, the commodity trading is not available with the company yet.

Equity delivery option is however not subject to any kind of brokerage charge. Hence, investing in equity delivery is free of brokerage charge.

Brokerage Charges of 2020
Equity DeliveryFree
Equity IntradayRs.20 Per Order
Equity FuturesRs.20 Per Order
Equity OptionsRs.20 Per Order
Currency FuturesRs.20 Per Order
Currency OptionsRs.20 Per Order
CommodityRs.20 Per Order
Flat Monthly Fees, if anyNA

As you can see in the table provided above, Groww provides almost all kind of assets, excluding the commodity class.

According to the plan launched by the company, Intraday, Futures, Options, Currency Options and currency Futures are all subject to Groww brokerage charge of Rs.20 per order.

On the other hand, the equity delivery is free of any kind of brokerage charges. Also, the company provides a leverage of up to 14x.

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Groww Account Opening Charges

Take a quick look at the table to learn about the Account related charges.

Account Opening Charges of 2020
Trading Account Opening Charges [One Time]Free
Trading AMC [Yearly]Free
Demat Account Opening Charges [One Time]Free
Demat AMC [Yearly]Rs.300
Margin MoneyZero

The first charge you need to check out is the account opening charge for the demat and also the trading account.

The account opening charge is of one time in nature and hence, you are required to make a single payment there. Well, the good news associated here is that the company has waived off all the opening charges.

Furthermore, you can see that you have a yearly payment obligation, referred to as AMC or account maintenance charge.

This charge has to be paid once every year, for account keeping. The Grow Demat AMC is set at Rs.300 per annum; however, the trading account AMC is again waived off.

The charges are minimal, and another perk associated is the Zero margin requirement. CDSL is the depository participant of Groww, and it does not provide dematerialization option.

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Groww Transaction Charges

Refer to the table provided below and earn about the respective charges.

Transaction Charges 2020
Equity Delivery0.00325% of Total Turnover
Equity Intraday0.00325% of Total Turnover
Equity Futures0.00325% of Total Turnover
Equity Options0.00325% of Total Turnover
Currency Futures0.00325% of Total Turnover
Currency Options0.00325% of Total Turnover

Transaction fee, though a minimal fee but is definitely levied. You can see the table, which features all the segments of investment provided by the company. The transaction charge which is levied on each and every transaction, is given on the adjacent side. 0.00325% of Total Turnover of charge is levied, irrespective of the segemnt.

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Groww Other Charges

This table on the other hand, provides the other Groww Charges information.

Other Charges 2020
SEBI Turnover Charges0.00005% of Total Turnover
STT0.025% of Total Turnover
Stamp DutyDepends on State (very minimal)
GST18% of (Brokerage + Transaction Charges)
Margin Funding Charges15% + GST
Reactivation ChargesRs.50 per Segment
Account Closure ChargesZero
Dematerialisation ChargesNA

These charges comprise of the Transactional charges, i.e. 0.00325% of Total Turnover. Rest of the charges are accounted for and paid to the government.

These charges comprise of SEBI Turnover charges, STT, Stamp Duty, GST, Margin Funding Charges, and other account related charges. Refer to the table to check out the respective charges.

Groww Brokerage Charges Explained

There is a fair change you have no idea about the charges which you will pay.

To make sense of the charges and be clear about the necessities of paying the charges, we provide you this section which explains all the other Groww Charges / Govt Charges.

  • Transaction Charges – These charges are taken on every trade that you commence, and are deducted for the purpose of providing a medium to trade in. This charge comprises of 2 components, the exchange turnover and the clearing charges (charges for settling a trade).
  • STT – STT refers to Securities transaction tax, which is the rebound plan of when investors do not claim for the profits.
  • GST – All of us are basically aware of it as it refers to the Goods and Service Tax.
  • SEBI Turnover Fee – Consider it as sales and purchase transaction fee, and comprises of the entire amount of the transaction, referred to as the Turnover.

Groww Brokerage – Conclusion

You must always commute the charge from your profit expectancy and then place your order. This article was entirely focused to teach you all the figures associated with it Grow expenses.

You can see the basic brokerage charges levied on each of the segment and also the other charges associated.

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