Groww is an online discount broker with a simple price structure. It provides its customers with a fixed, flat-fee brokerage plan. The stockbroker charges a maximum brokerage of Rs 20 per order and a minimum brokerage of 0.05% of the transaction value. An investor must pay various other transaction and regulatory charges, as well as Demat charges, in addition to the brokerage.
Groww provides an online brokerage calculator to assist you in calculating the total cost of trading. The Groww brokerage calculator displays the exact amount of brokerage and other charges that you pay on your stock transactions, such as STT, exchange transaction charges, SEBI charges, GST, and Stamp duty.
GROWW- Company Highlights
| Headquarters | Pune |
| Industry | Finance, Stock Exchange |
| Founders | Lalit Keshre |
| Founded | 21 Oct, 2014 |
| Registered client | 5,165,760 |
| Website | GROWW .com |
Groww Account Open Charges
| Transaction | Charges |
| Account opening charges | Free |
| Amc charges | Free |
Groww Brokerage Charge
| Segment | Brokerage Fee |
| Monthly Fee (Fixed) | NA |
| Equity Delivery | Rs 20 per executed order or 0.05% whichever is lower |
| Equity Intraday | Rs 20 per executed order or 0.05% whichever is lower |
| Equity Futures | Rs 20 per executed order |
| Equity Options | Rs 20 per executed order |
| Segment | Brokerage Fee |
| Transaction Charges (Sell) | ₹8 + ₹5.50 (CDSL Charges) per ISIN |
| Pledge Creation | ₹20 + ₹12 per request (CDSL Charges) |
| Pledge Invocation | ₹20 |
| Failed Transactions | ₹50 per ISIN |
| Other Charges | KYC Modification: ₹50 |
Groww advantages and disadvantages
Groww Pros (Advantages)
Groww has the following advantages. Before you open an account with Groww, you should read the benefits and drawbacks. Groww pros and cons can help you determine if it is a good investment for you.
- A simple pricing scheme. The brokerage fee is Rs 20 per trade.
- There is no account opening fee.
- There are no Demat AMC fees.
- Paperless account opening in seconds.
- Online IPO registration.
- Direct Mutual Funds platform, which allows you to earn an additional 1.5% return.
- The ability to invest in digital gold online.
- Trading in SMEs shares is possible.
Groww Cons (Disadvantages)
- Limited investment products with no commodity or currency trading options.
- There are no Call and Trade services.
- Do not offer stock recommendations, research reports, or stock tips.
- Do not make an investment offer in SME shares (companies listed on the BSE SME and NSE Emerge platforms).
- There is no branch support.
- There is no margin trading facility.
- There is no margin against shares.
- Advanced order types such as BO, CO, AMO, and GTT are not supported.
- Do not provide NRI trading.
- There are no SME IPOs available.
Groww Complaint
| Exchange | Financial Year | Number of Clients* | Complaints** | % |
| NSE | 2022-23 | 5,373,705 | 272 | 0.01% |
| BSE | 2022-23 | 2,015,347 | 291 | 0.01% |
Additional information
| Offline no. brokerage / registered AP. | NA |
| Research & advisory services | NA |
| Referral amount | Rs.300 per Account |
| API charges | Free |
| Call & Trade charges | NA |
