Groww vs Indmoney Charges & Review

More and more people are investing in the Indian stock market, and there are a lot of platforms competing for their business. When it comes to trading in India, INDmoney and Groww are two well-known fintech sites where you can buy and sell stocks and mutual funds. As of 2025, both platforms have no account opening or yearly maintenance fees. However, their brokerage rates, features, and investments they support are different. This comparison breaks down brokerage and intraday fees, investment choices, UI/UX, and customer service to help you choose the best platform for your needs.

Indmoney vs Groww Charges

Here is a comparison of Groww vs Indmoney charges for Indian stocks:

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• Groww: Groww has an easy-to-use interface and a simple, clean look. It’s easy for new users to get around because the navigation is simple.
• Indmoney: The interface for Indmoney is a bit trickier than Groww’s, but it has more features and customization options. This may appeal to experienced investors, but it could be too much for new investors to handle.

Groww vs Indmoney: Choices for Investments

• Groww: You can buy Indian stocks, mutual funds, and exchange-traded funds (ETFs) through Groww. It does not offer US stock buying, but it is a good choice for someone who wants to invest in Indian stocks only.
• Indmoney: Indmoney mainly deals with US stock investments. In Indian stocks, it provides mutual funds and exchange-traded funds (ETFs). Recently, it launched a feature to invest in Indian stocks.

Groww vs Indmoney: Research and Analysis

• Groww: Groww gives you simple research tools like news feeds and stock charts, but it doesn’t have any in-depth analysis or suggestions from experts.
• Indmoney: With more research tools, such as fund analysis reports, expert insights, and portfolio recommendations, Indmoney is a better choice.

Also read: HDFC Sky vs Zerodha: Which is better?

Brokerage and Intraday Charges

A major difference lies in equity brokerage. INDmoney charges ₹20 or 0.05% per trade (whichever is lower, min ₹2), whereas Groww charges ₹20 or 0.1% per trade (min ₹2). In simple terms, INDmoney’s brokerage is about half that of Groww’s. Both apply these flat/percentage fees per executed order, regardless of delivery or intraday.

• Equity Delivery: On INDmoney, you pay 0.05% (max ₹20) per order. On Groww, it’s 0.1% (max ₹20) per order.
• Intraday Trading: Groww’s intraday brokerage is the same flat ₹20/0.1% structure. INDmoney does not explicitly split delivery vs intraday, but effectively charges 0.05% (₹20 max) on each trade. We’ll list “Groww intraday charges” explicitly to address common queries.
• Minimum Charges: Both have a minimum ₹2 per trade if the percentage works out lower.

Regulatory taxes and fees (STT, stamp duty, exchange fees) are similar on both. One key regulatory difference: Groww follows the standard STT on intraday (0.025% on sell), whereas INDmoney’s documentation notes 0.025% STT on intraday sells and 0.1% on delivery sells.

For derivatives (Futures/Options), both platforms charge a flat ₹20 per executed order Neither platform offers special discounts beyond these flat rates.

Some inferences that can be drawn from this comparison are:

• Both Indmoney and Groww offer zero account opening fees and zero hidden charges.
• Both Indmoney and Groww charge different exchange transaction charges based on various factors such as exchange, group, premium, etc.
• Both Indmoney and Groww charge different STT rates based on various factors, such as exchange, group, premium, etc.
• Both Indmoney and Groww charge different stamp duty rates based on various factors such as exchange, group, premium, etc.
• Both Indmoney and Groww charge different SEBI turnover charges based on various factors, such as exchange.
• Both Indmoney and Groww charge different DP charges based on various factors, such as ISIN or company.
• Both Indmoney and Groww have other charges that may vary depending on the service and mode of payment.

Groww vs Indmoney: Quick Summary

Here’s a quick summary table to help you compare the two platforms:

Also read: Indmoney Vs Zerodha Charges

Supported Investments

• Stocks: Both allow trading on NSE/BSE-listed stocks. Groww also supports trading ETFs. INDmoney covers the same plus more.
• Futures & Options: Both INDmoney and Groww now offer equity F&O trading (Groww added it in recent years). Charges are ₹20 flat on both.
• Currency & Commodities: INDmoney supports currency and commodity segments (currency futures/options, commodity futures/options) for those interested in Forex and commodity trading. Groww currently does not offer currency or commodity trading (it focuses on equity and F&O).
• Mutual Funds: Both platforms offer direct mutual fund investing at zero brokerage. Groww started as an MF app and has thousands of funds; INDmoney also offers direct MF SIPs through its wealth platform. Both have zero commission on funds.
• US Stocks: INDmoney provides an overseas trading account for direct US stock investing (including fractional shares). In contrast, Groww launched US-stock investing but halted it in early 2024 due to tax issueslivemint.com. As of 2025, new US stock purchases are not available on Groww (existing users must transfer or withdraw funds by mid-2024).
• Fixed Deposits & Bonds: INDmoney integrates FD schemes from banks/NBFCs and lets you invest in bonds/NCDs. Groww does not facilitate FD investments (though it publishes informational content on FDs【45†】). Groww does offer Sovereign Gold Bonds (as part of its “Mutual Funds” section).
• IPOs: Both platforms allow online IPO applications. Groww is well-known for IPO service; INDmoney’s platform also shows IPO listings.
• Other: INDmoney offers goal-based dashboards, NPS accounts, insurance tracking, etc. Groww focuses on stocks, mutual funds, digital gold, and recently launched credit and remittance services.

Groww vs Indmoney Ratings

In the comparison of Groww vs Indmoney, both Groww and Indmoney are excellent options to invest in Indian stocks. Their prices are about the same and they offer a variety of services. What you choose between the two will depend on your needs and preferences. Groww might be a better choice for you if you want a platform with a clean user interface and a powerful stock analysis tool. For those seeking complete financial management services, Indmoney might be a better choice.

UI/UX and Customer Experience

Groww is renowned for its clean, intuitive interface – ideal for beginners. The app and website guide you through investing with easy navigation and clear fund recommendations. It has a built-in chat support and email support. INDmoney’s interface is more of an all-in-one financial dashboard (sometimes called “one SuperMoneyApp”). It’s powerful but can be overwhelming for novices. INDmoney emphasizes portfolio tracking, goal planning, and research tools. Customer support for INDmoney is primarily via email and phone; it does not yet have live chat, whereas Groww does.

Recent Updates (2024-2025)

• Groww: In August 2024, Groww introduced risk-management tools for F&O traders: a “Safeguard” feature that pauses the F&O account of users with repeated losses, and an “F&O Pause” allowing traders to temporarily suspend trading during market volatility (businesstoday.in). These complement Groww’s existing “Safe Exit” order for stop-loss exits. (Note: Groww discontinued new US stock investments in early 2024 (livemint.com.)
• INDmoney: In early 2025, INDmoney launched “Super Fast Trading” on INDstocks, enabling orders in under 150 ms and adding more intraday stocks (1800+ symbols) (indmoney.com). New order types like Good-Till-Triggered (GTT) for F&O and better P&L dashboards were released. They also offer instant withdrawals up to ₹1 lakh in 2 hours (indmoney.comindmoney.com). These recent upgrades make INDmoney more competitive for active traders.

Pros and Cons Summary

• INDmoney Pros: Very low flat brokerage (0.05%), wide investment options (including US stocks, FDs, bonds) (economictimes.indiatimes.com), sophisticated portfolio and goal tools, fast new trading features. The support email is responsive, but it lacks a live chat feature.
• INDmoney Cons: Lacks in-person service (app/online only), fewer advanced order types for new traders, no real-time chat support, basic margin (1× only).
• Groww Pros: Extremely user-friendly app, quick account opening, strong mutual fund selection, IPO access, in-app help and live chat. New risk management features for traders (businesstoday.in).
• Groww Cons: Higher brokerage (0.1%), no currency/commodity trading, no FD investing, and no US stocks post-2024. Charges ₹50 auto-square-off for intraday positions if not closed by 3:20 PM (noted on their FAQ).

Conclusion and Recommendation

Bottom Line

Pros

Cons

Groww

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Bottom Line

Groww is an investment platform that has been around since 2016 and makes it easy for people to buy stocks and mutual funds. It gives you all the information you need about each company in great detail and has a powerful stock analysis tool with live technical charts supporting it.

Pros

1. Very user-friendly UI
2. No hidden charges (flat fee)groww.in
3. Strong mutual fund offering
4. F&O risk management tools

Cons

1. Higher brokerage (0.1%)
2. Fewer investment options (no US stocks/FDs)
3. Intraday position square-off fee (₹50)

Indmoney

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Bottom Line

With its launch in 2019, Indmoney is an investment tracker and capital organizer that makes it easier for people to keep track of all their money in one place. It helps people with their money in many ways, like managing investments, keeping track of expenses, planning taxes, getting insurance, and making retirement plans.

Pros

1. Wide range of products (US stocks, FDs)
2. Lower brokerage (0.05%)
3. Goal-based planning tools

Cons

1. Primarily app-based (no branch support)
2. Limited margin trading options
3. No live chat support

So, Groww or INDmoney – which is better? It depends on your needs.

• Beginners/Casual Investors: Groww’s simple UI and one-stop mutual fund/stocks platform is ideal. It’s easy to use for creating SIPs and tracking investments. The slightly higher 0.1% brokerage is acceptable for casual trades.
• Long-term Investors (Wealth Planning): INDmoney may be preferable. It offers a broader range of products (FDs, international stocks, corporate bonds) and lower brokerage (0.05%) which benefits heavy traders. Its goal-planning tools and consolidated dashboard suit an investor tracking multiple asset classeseconomictimes.indiatimes.com.
• Active Traders: The lower per-trade brokerage on INDmoney makes it cost-effective for frequent equity trades. However, Groww’s new risk-control features (Safeguard, F&O Pause) are useful for derivative traders concerned about lossesbusinesstoday.in. Both platforms now support F&O, but INDmoney’s faster trade execution (2025 update) could be an edge.

In summary, INDmoney is better for investors seeking cost-efficiency and diverse investments, while Groww is often better for beginners or mutual-fund-savvy users who prioritize a clean interface and risk management tools. Carefully match your profile to these strengths when choosing between Groww vs Indmoney in 2025.

Groww vs Indmoney: All charges