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Groww (Nextbillion Technology)
94/100
Discount Broker
India’s largest broker by active NSE client count, built for mobile-first simplicity.
Credwiser Score 94/100

Groww (Nextbillion Technology)

Discount Broker • India’s largest broker by active NSE client count, built for mobile-first simplicity.

Broker TypeDiscount Broker
Account Opening₹0 (Free Account Opening)
Demat AMC₹0 (Zero Demat Annual Maintenance Charges Forever)
Equity Delivery0.05% or ₹20 per executed order (whichever is lower)
Equity Intraday0.05% or ₹20 per executed order
Futures & OptionsFlat ₹20 per executed order for F&O
MTF RateUnavailable (Pay Later / MTF currently not standard on equity)
DP Charges₹13.50 + 18% GST per scrip per day on debit (CDSL)
PlatformGroww Web & Mobile Apps, clean watchlist UX, TradingView basic charts
Algo / APINot natively available for public retail traders
Active Clients10.5 Million+
SEBI RegistrationINZ000301838 • CDSL DP ID: 12088700
Best ForMillennials, mutual fund SIP investors, and beginners entering stock trading

Strengths

  • Zero account opening fee and zero Demat annual maintenance charges (AMC)
  • Simplest and most intuitive mobile onboarding for beginners
  • All-in-one financial app: Direct Mutual Funds, US Stocks, SGBs, and F&O

Weaknesses

  • Charges ₹20 or 0.05% on equity delivery (unlike Zerodha which is ₹0)
  • Occasional glitch reports during opening market bell surges
  • Lacks advanced charting tools like multi-chart layouts or automated trailing stop-losses

Groww (Nextbillion Technology) FAQs

Why does Groww charge brokerage on delivery while Zerodha is free?

Groww keeps Demat AMC at ₹0 lifetime, but charges 0.05% or max ₹20 on delivery orders to sustain operations without annual client maintenance fees.

Compare With

Zerodha (Kite)
97/100
Discount Broker
Pioneers of discount broking and market leader in active retail participation.
Account Opening₹200 (Online via Aadhaar e-KYC)
AMC₹300/year + 18% GST (Billed quarterly at ₹75)
Equity Delivery₹0 (Free Equity Delivery)
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Angel One (formerly Angel Broking)
93/100
Hybrid Discount Broker
Pioneering technology broker with robust Margin Trading Facility and ARQ AI advisory.
Account Opening₹0 (Free Account Opening)
AMC₹0 for 1st year, then ₹20/month + 18% GST for non-BSDA accounts
Equity Delivery₹0 (Zero Brokerage on delivery)
Read Review →