India's fastest-growing broker — honest review of charges, features, pros & cons
Groww was founded in 2016 and quickly became India's go-to app for first-time investors. Known for its extremely simple UI, zero AMC, and beginner-friendly mutual fund platform. It has 1 crore+ active clients and supports stocks, ETFs, IPOs, US stocks, and crypto. The app is beautifully designed but lacks advanced charting for active traders.
| Segment | Brokerage | Notes |
|---|---|---|
| Equity Delivery | ₹20 per order | Unlike Zerodha, Groww charges even for delivery |
| Equity Intraday | ₹20 per order | Flat fee per executed order |
| Equity F&O | ₹20 per order | Flat fee |
| IPO Application | ₹0 FREE | Apply via Groww app, no charges |
| Mutual Funds | ₹0 FREE | Direct plans, no commission |
| US Stocks | $0 per trade | Via Groww's US stock platform |
| Account Opening | ₹0 FREE | Fully online, Aadhaar-based KYC |
| Demat AMC | ₹0 FREE | No annual maintenance charges |
| DP (Sell) Charges | ₹13.5 + GST per scrip per day | Charged when selling from demat |
If you're investing in IPOs and stocks for the long term, Zerodha is better — zero brokerage on delivery saves you money every trade. Groww is great for mutual funds and beginners, but ₹20/delivery adds up.
⚡ Open Zerodha — Zero Delivery Charges + ₹100 RewardMax 5 ₹100 reward claims/month · Email Client ID to contact@ipobee.in