Groww — India’s largest broker by active NSE client count as of 2024–25, and the platform behind India’s largest fintech IPO in November 2025 — built its position on a specific promise: an investing account that is genuinely low cost for the long-term investor. That promise is substantiated by its lifetime zero AMC — no annual maintenance charge for as long as the account exists, with no conditions, no first-year waiver that converts later, and no minimum portfolio threshold. Understanding every other charge at Groww ensures there are no surprises when contract notes arrive.
Account Opening and Maintenance
Account opening is completely free — ₹0 for both the trading account and the demat account. This is the standard pricing, not a promotional offer.
Annual Maintenance Charge (AMC): ₹0 — permanently and unconditionally. Groww’s own help documentation confirms: “The account maintenance charge (AMC) is ₹0. While many platforms charge AMC, Groww offers a zero AMC policy.” Over a 10-year investment horizon, this saves approximately ₹3,000 compared to Zerodha’s ₹300+GST/year AMC and over ₹5,000 compared to HDFC Securities’ ₹750/year. For a long-term investor who holds and rarely sells, this is the most consequential cost advantage Groww offers.
Brokerage Charges
Equity Delivery (buy and hold): ₹20 per executed order or 0.05% of trade value — whichever is lower. This is no longer free at Groww, having changed from the earlier zero-delivery-brokerage model. For a ₹10,000 trade, 0.05% is ₹5 — so the ₹20 cap would not apply; you would pay ₹5 brokerage. For a ₹50,000 trade, 0.05% is ₹25 — so the ₹20 cap applies and you pay ₹20.
Equity Intraday: ₹20 per order or 0.05% — same structure as delivery.
Equity F&O (Futures and Options): ₹20 per executed order — flat.
Mutual Funds: Zero commission — direct plan investing with no fees.
IPO Application: Free.
DP Charges — What Applies When You Sell
Every time you sell delivery shares from your Groww demat account, a DP (Depository Participant) debit transaction charge applies. This is per ISIN per day — charged once regardless of the quantity of that stock you sell.
For male investors: ₹3.50 (CDSL depository fee) + ₹16.50 (Groww’s DP component) = ₹20 total, plus 18% GST. For female investors: ₹3.25 (CDSL, with ₹0.25 discount) + ₹16.50 (Groww) = ₹19.75 total, plus 18% GST. For transactions where the sell value is below ₹100: only the CDSL depository charge applies (₹3.50 male / ₹3.25 female) — Groww’s own DP component is waived.
DP charges do not apply to intraday trades (where no demat movement occurs) or mutual fund redemptions.
Other Notable Charges
Dematerialisation: ₹150 per certificate + courier charges. Failed demat transactions: ₹50 per ISIN. Pledge invocation: ₹20. KYC modification request: ₹50. Account statement by physical mail: ₹10 per page (email is free).
Statutory and Regulatory Charges — Same Across All Brokers
| Charge | Rate |
| STT — Equity Delivery | 0.1% on buy + sell |
| STT — Intraday Sell | 0.025% |
| STT — Options Sell | 0.15% on premium (from April 2026) |
| STT — Futures Sell | 0.05% (from April 2026) |
| GST on Brokerage/DP | 18% |
| Stamp Duty (Buy) | 0.015% delivery; 0.003% intraday |
| SEBI Charges | ₹10 per crore |
Overview: Groww Charges at a Glance (2026)
| Charge | Amount |
| Account Opening | ₹0 |
| Demat AMC | ₹0 (lifetime) |
| Equity Delivery Brokerage | ₹20 or 0.05% (lower applies) |
| Intraday Brokerage | ₹20 or 0.05% (lower applies) |
| F&O Brokerage | ₹20 per order |
| Mutual Fund Commission | ₹0 |
| DP Charge (Male) | ₹20 + GST per ISIN per day |
| DP Charge (Female) | ₹19.75 + GST per ISIN per day |
| Dematerialisation | ₹150 + courier per certificate |
| Pledge Invocation | ₹20 |
| KYC Modification | ₹50 |
Frequently Asked Questions (FAQs)
Q1. Is Groww’s demat AMC really zero — permanently?
A: Yes — Groww’s AMC is ₹0 for life. Groww’s own pricing page confirms “₹0 Annual Maintenance Charges” with no time limit or conditions. This distinguishes it from brokers whose zero-AMC is only for the first year.
Q2. Does Groww charge brokerage on equity delivery trades?
A: Yes — as of 2025, Groww charges ₹20 or 0.05% per order (whichever is lower) on equity delivery. The earlier zero-delivery-brokerage model was discontinued.
Q3. How much is the Groww DP charge when selling shares?
A: ₹20 + 18% GST per ISIN per day for male investors. ₹19.75 + 18% GST for female investors. Charged once regardless of quantity sold of a given stock.
Q4. Do DP charges apply to intraday trades at Groww?
A: No — DP charges only apply to delivery trades where shares are debited from the demat account. Intraday trades are squared off within the trading session without any demat movement.
Q5. Is mutual fund investing free on Groww?
A: Yes — Groww offers direct-plan mutual fund investing with zero commission, zero brokerage, and zero transaction charges for SIP and lump-sum investments.
