Groww Review 2023, Brokerage Charges, Features, Trading Platforms

An important step in investing in the stock market is deciding which stockbroker to use. It has the ability to significantly impact your investment returns, trading experience, and overall satisfaction. So, in today’s article, we will talk about a comprehensive review of Groww, which is one of the leading stockbrokers in India. To help you make an informed decision, we will assess numerous factors such as brokerage fees, customer support, trading platform, and much more.


Groww is a Private company headquartered in Bangalore, India which is founded in 2016 by Lalit Keshre. Groww is a Discount Broker that strives to provide cost-effective buy/sell orders, helping investors to save money when in comparison with Full Service brokers. However, it is vital to note that Groww work as a Full Service brokers because it offers thorough investment advice and complete stock analysis to its clients. Groww is an NSE and BSE-listed company with over 0 branches in India.

Broker TypeDiscount Broker
Type of companyPrivate
HeadquarterBangalore, India
FoundersLalit Keshre
Foundation Year2016
Supported ExchangesNSE and BSE
Total branches0

Groww Account opening charges

You need to open a demat account and a trading account, to start trading with Groww. So, to open a trading account with Groww, you need to pay a fee of Free. However, the trading annual maintenance charges of Groww are free. And Demat annual maintenance charges are Rs.300 per Annum. There are also no fees for margin money or transfers from an offline to an online account. And Groww is registered with CDSL i.e., Central Depository Services Limited as a Depository Participant (DP).

Account Opening and Demat ChargesGroww
Trading Account Opening ChargesFree
Demat AMC (Annual Maintenance Charges)Rs.300 per Annum
Trading AMC (Annual Maintenance Charges)Free
Margin MoneyZero
Offline to Online ChargesYes

Groww Brokerage Charges

Brokerage fees are an important factor to consider when choosing a stockbroker. Here are Groww brokerage charges for various segments:

  • Equity delivery: There are no fees for equities delivery trades with Groww This implies you can invest in equities without paying any brokerage charges.
  • Equity intraday: Groww charges a brokerage fee of Rs.20 per Order per order.
  • Equity futures: The brokerage cost for equity futures is Rs.20 per Order as well.
  • Equity options: Groww charges a brokerage fee of Rs.20 per Order for trading equity options.
  • Currency: Unleash your trading potential with Groww’s dynamic Rs.20 per Order charges.
  • Commodity: For commodity options trading, Groww charges a brokerage fee of NA.

Equity Brokerage Charges

Equity Brokerage ChargesGroww
Equity Delivery BrokerageZERO
Equity Intraday BrokerageRs.20 per Order
Equity Futures BrokerageRs.20 per Order
Equity Options BrokerageRs.20 per Order

Currency Brokerage Charges

Currency Brokerage ChargesGroww
Currency Futures BrokerageRs.20 per Order
Currency Options BrokerageRs.20 per Order

Commodity Brokerage Charges

Commodity Brokerage ChargesGroww
Commodity Options BrokerageNA

Groww Other Charges

  • Minimum brokerage charges: At Groww, we’ve revolutionized our fee structure by introducing a unique minimum brokerage charge based on a Zero.
  • Transaction brokerage charges: A transaction brokerage fee of 0.00325% of Total Turnover is to be paid by a customer.
  • SEBI turnover charges: The Securities and Exchange Board of India (SEBI) levies a 0.00005% of Total Turnover charge.
  • Stamp duty charges: The total amount of stamp duty charged is determined by the state and the type of asset.
  • GST charges: GST is charged at 18% of (Brokerage + Transaction Charges).
  • STT (Securities transaction tax): STT is levied at a rate of 0.025% of Total Turnover by Groww.
  • Call and trade charges: If you use call and trade service, the charges of Groww are NA.
Other Brokerage ChargesGroww
Minimum Brokerage ChargesZero
Transaction Brokerage Charges0.00325% of Total Turnover
SEBI Turnover Charges0.00005% of Total Turnover
Stamp Duty ChargesAs per the state
GST Charges18% of (Brokerage + Transaction Charges)
STT Charges0.025% of Total Turnover
Call and Trade ChargesNA

Groww Equity Leverage

Leverage allows traders to enhance their market exposure while using a smaller quantity of capital. Groww offers Upto 3x times leverage on equity delivery, Upto 14x times leverage on equity intraday, Upto 6x times leverage on equity futures, and Upto 4x times leverage on equity options.

Here is the leverage provided by Groww:

Equity LeverageGroww
Equity DeliveryUpto 3x
Equity IntradayUpto 14x
Equity FuturesUpto 6x
Equity OptionsUpto 4x

Groww Currency Leverage

Groww also offers currency trading leverage. Leverage is available for Currency Futures up to Upto 5x times and Currency Options Upto 3x times.

Currency LeverageGroww
Currency FuturesUpto 5x
Currency OptionsUpto 3x

Groww Commodity Leverage

Groww offers Upto 10x leverage for commodity trading.

Equity LeverageGroww
CommodityUpto 10x

Groww Offers

Many stockbrokers are enticing customers with appealing deals in order to boost their client base. Here are some of the fantastic deals that Groww gives to its consumers. They give you a free stock trading account, a free demat account, and various brokerage discounts.

Free Stock Trading AccountYes
Free Demat AccountNo
Flexible PlansNo
Brokerage DiscountsYes
Happy HoursNo
1 Month Free PlanNo
Holiday OffersNo
Referral ProgramNo
Zero Brokerage on Loss TradesNo

Groww Features

  • Full Service Brokers:Groww, a reputable online stock broker in India, offers regular investors low-cost brokerage services. It imposes a brokerage fee of Zero executed, regardless of trade category, size, or exchange. They also offer Upto 20x trading leverage.
  • Range of Investment Products: Groww is a one-stop shop for all of your financial investment requirements. It allows you to trade stocks, commodities, and currencies on the BSE, NSE, and MCX. It also provides investment opportunities in mutual funds, SIPs, gold, peer-to-peer lending, initial public offerings (IPOs), and currency trading.
  • Subscription Plans: Groww paves the way for a personalized trading experience with its exclusive selection of subscription plans: the Basic Pack, Power Investor Pack, and Ultra Trader Pack. These services include a variety of features and perks, such as lower brokerage fees, research advisory, free trades, and specialised customer support.
  • Research and Advisory Services: Groww differentiates out by offering comprehensive research and advising services. It provides solutions for both short-term and long-term investment ideas, as well as derivative methods and portfolio-based investment ideas. The platform also includes a portfolio analyzer tool for evaluating the overall performance of all your investments.
  • Margin Funding: Groww provides margin funding services. These can be used to make partial payments on cash segment transactions. Groww lends the remaining balance at a low interest rate.
  • Mobile Trading App and Trading Platforms: Groww provides an easy-to-use mobile trading app, as well as a web-based trading platform and an installable trading terminal. These platforms provide flawless trading experiences and are built with cutting-edge technology. The mobile app gives users access to trading, robo-advisory, and a variety of investment choices.
  • Demat Account Services: Groww offers demat account services through its membership with CDSL. It has been designated as a top depository participant by the CDSL.
  • Low Charges: Groww is recognised in the brokerage sector for having the lowest fees. Unleash your trading potential with Groww’s Rs.20 per Order brokerage fee and exclusive value-add packs for enhanced benefits. 5Paisa also provides free account opening and no-brokerage mutual funds.
  • Algo Trading and Robo Advisory: Groww provides robo-advisory and algo trading services to its clients. These services enable in the automation of trading strategies and provide tailored investment advice based on risk profiles and expected returns.
  • Customer Support: Groww offers personally tailored customer service to its consumers. The power investor and ultra trader packs both feature free customer assistance.
Equity Delivery TradingYes
Equity Intraday TradingYes
Equity Futures TradingYes
Equity Options TradingYes
Currency TradingYes
Commodity TradingYes
IPO (Initial public offering)Yes
Stocks SuggestionsNo
Robo AdvisoryNo
PMS (Portfolio Management Services)No
Trading InstitutionNo
Trading ExposureUpto 20x
Mutual FundsYes
SIP (Systematic Investment Plan)No
Forex TradingNo

Groww Advisory Services

The primary distinction between a full-service broker and a discount broker is the range of services given and the prices charged.Groww offers research papers with the top recommendations, which are developed by industry specialists. On their website, Groww also offers annual reports, as well as daily market reviews and weekly reports.

Fundamental ReportsNo
Research ReportsYes
Company ReportsNo
Annual ReportsNo
Company Stock ReviewNo
Free Stock TipsNo
IPO ReportsNo
Top PicksNo
Daily Market ReviewNo
Monthly ReportsNo
Weekly reportsNo
Offline AdvisoryNo
Relationship ManagerNo

Groww Trading Platforms

To fulfil the various needs of its consumers, the Groww trading software comprises a number of trading platforms. It was built on the IIFL trading platform, and clients have trusted it for more than two decades now. A web browser-based platform, mobile app and an installable desktop trading application are the three types of trading platforms.

Desktop Trading PlatformsGroww
Desktop BrowserYes

Groww Mobile App

Groww offers mobile trading through the Groww app, including BSE/NSE trading and robo-advisory services. This app is compatible with iOS, Android, and mobile browsers. With the software, users are able to buy stocks, trade futures and options, and invest in mutual funds, exchange traded funds, bonds, and other investments.

Mobile AppGroww
Mobile BrowserYes
Android AppYes
iOS AppYes
Windows AppNo
Other Mobile OSNo

Groww Customer Support

  • Online trading support: Groww can assist customers with online trading. A range of trading platforms are available for traders, including mobile apps, online browsers, and desktop programs.
  • 24*7 support: Groww offers its consumers 24-hour support. The customer service team is available and accessible 24/7, which means you can contact them at any time, even during non-business hours.
  • Email support: Customers can contact Groww5Paisa’s customer support staff via email if they require assistance. Customers can send their queries and issues to the company’s email address.
Customer SupportGroww
Relationship ManagerNo
Offline TradingNo
Online TradingYes
24 * 7 SupportNo
Email SupportYes
Chat SupportYes
Toll free numberNo
Support Branches0

Groww Complaints

Brokerage firms can assess the quality and reliability of their services by evaluating how many complaints they receive. There are a total of 10 BSE complaints, of which 8 have been resolved, which amounts to 80.00% in percentage terms. And, when it comes to NSE complaints, there are 21 of them, with 18 of them resolved, for a percentage of 85.71 %. And the percentage of BSE/NSE complaints resolved is 82.86 %

The table below highlights the complaints acquired by Groww.

BSE ComplaintsGroww
BSE Complaints10
BSE Resolved Complaints8
Percentage of resolved BSE complaints80.00%
NSE Complaints21
NSE Resolved Complaints18
Percentage of resolved NSE complaints85.71 %
BSE/NSE Complaint vs. Resolved Percentage82.86 %


In conclusion, Explore Groww’s intuitive platforms for a diverse range of trading and investment opportunities, tailored to your needs. It is one of the best possibilities for investors, with low prices and a wide range of investment prospects. However, the absence of comprehensive customer support, as well as the number of consumer complaints, are cause for concern. In light of all the features and user experience, Groww can be considered a good stock broker, but you must carefully evaluate the pros and cons before choosing it.