Dhan vs Groww vs Zerodha: Charges & Costs (2026)
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Dhan: delivery ₹0, AMC ₹0; Groww: delivery lower of ₹20 or 0.1% (min ₹5), AMC ₹0; Zerodha: delivery ₹0, AMC ₹0 in year one, then ₹300 + GST a year. On a ₹1,00,000 delivery round trip the total charges are ₹237.23 on Dhan, ₹293.28 on Groww, ₹237.82 on Zerodha.
Last updated: October 2026
This page compares Dhan, Groww and Zerodha on what you actually pay: brokerage, AMC, DP charges and the total cost of three sample trades. Charges were checked against each broker’s published pricing in October 2026 and can change, so confirm before you open an account. This is information, not investment advice.
Dhan vs Groww vs Zerodha: charges side by side
| Charge | Dhan | Groww | Zerodha |
|---|---|---|---|
| Account opening | ₹0 | ₹0 | ₹0 |
| Equity delivery brokerage | ₹0 | Lower of ₹20 or 0.1%; minimum ₹5 | ₹0 |
| Equity intraday brokerage | Lower of ₹20 or 0.03% | Lower of ₹20 or 0.1%; minimum ₹5 | Lower of ₹20 or 0.03% |
| Futures and options | ₹20 per order | ₹20 per order | ₹20 per order (futures: lower of ₹20 or 0.03%) |
| Demat AMC | ₹0 for individuals and HUFs | ₹0 | Free for the first year, then ₹300 + GST a year (non-BSDA) |
| DP charge on sells | ₹12.50 + GST per ISIN sold | ₹20 + GST per ISIN sold (₹16.50 Groww + ₹3.50 depository) | ₹15.34 per scrip sold including GST |
| Call and trade | ₹50 + GST per order | Not offered on the regular online plan | ₹50 per order |
What the same trades cost on each broker
These examples add up brokerage, STT, exchange charges, SEBI fees, stamp duty, GST and the DP charge on a round trip (buy and sell). Delivery and intraday trades buy and sell ₹1,00,000 of shares once each. The options trade buys premium worth ₹50,000 and sells it for ₹60,000, with one lot per order. Amounts are rounded to the nearest paisa.
| Trade | Dhan | Groww | Zerodha |
|---|---|---|---|
| Delivery (₹1,00,000 buy and sell) | ₹237.23 | ₹293.28 | ₹237.82 |
| Intraday (₹1,00,000 buy and sell) | ₹82.68 | ₹82.68 | ₹82.68 |
| Options (₹50,000 buy, ₹60,000 sell) | ₹184.95 | ₹184.95 | ₹184.95 |
Delivery: Dhan is lowest at ₹237.23; the next lowest is ₹237.82 (₹0.59 more). Intraday: all three cost the same (₹82.68). Options: all three cost the same (₹184.95). Your own order sizes and how often you trade decide which costs least, so test them in the calculator.
Dhan vs Groww vs Zerodha: what to weigh
Dhan may suit you if:
- you keep the account for years: AMC after year one is ₹0
Groww may suit you if:
- you keep the account for years: AMC after year one is ₹0
Zerodha may suit you if:
- you value features and service that this charges-only page does not cover
These statements describe published charges, not a recommendation. Use the brokerage calculator to test your own numbers.
Full charge breakdowns
Dhan charges page. Groww charges page. Zerodha charges page. More pairs are on the broker comparisons hub.
Dhan vs Groww vs Zerodha: FAQs
Which of Dhan, Groww and Zerodha is cheapest for delivery?
Dhan on the ₹1,00,000 delivery example: ₹237.23 on Dhan, ₹293.28 on Groww, ₹237.82 on Zerodha.
Which has the lowest AMC?
Dhan: ₹0; Groww: ₹0; Zerodha: ₹0 in year one, then ₹300 + GST a year.
How do F&O charges compare?
Dhan: ₹20 per order; Groww: ₹20 per order; Zerodha: ₹20 per order (futures: lower of ₹20 or 0.03%). Options example totals: ₹184.95 on Dhan, ₹184.95 on Groww, ₹184.95 on Zerodha.
How do DP charges compare?
Dhan: ₹12.50 + GST per ISIN sold; Groww: ₹20 + GST per ISIN sold (₹16.50 Groww + ₹3.50 depository); Zerodha: ₹15.34 per scrip sold including GST.
Is STT different between brokers?
No. STT is set by the government: 0.1% on buy and sell for delivery, 0.025% on the sell side for intraday, 0.05% on the sell side for futures and 0.15% on the sell premium for options. It is the same at every broker.
Sources
Dhan: Dhan pricing page. Groww: Groww pricing page. Zerodha: Zerodha charges page. STT, stamp duty, SEBI turnover fee and exchange transaction charges follow the rates set by the government, SEBI and the exchanges.
Brokerage, AMC and statutory charges change. This page is for information and education only, not investment advice.
