Groww vs Zerodha: Charges, AMC & Costs (2026)
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Zerodha charges ₹0 delivery brokerage, while Groww charges the lower of ₹20 or 0.1%. Groww has no AMC, while Zerodha charges ₹300 + GST a year after year one. F&O is ₹20 per order at both. A ₹1,00,000 delivery round trip costs ₹237.82 on Zerodha and ₹293.28 on Groww.
Last updated: October 2026
This page compares 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.
Groww vs Zerodha: charges side by side
| Charge | Groww | Zerodha |
|---|---|---|
| Account opening | ₹0 | ₹0 |
| Equity delivery brokerage | Lower of ₹20 or 0.1%; minimum ₹5 | ₹0 |
| Equity intraday brokerage | Lower of ₹20 or 0.1%; minimum ₹5 | Lower of ₹20 or 0.03% |
| Futures and options | ₹20 per order | ₹20 per order (futures: lower of ₹20 or 0.03%) |
| Demat AMC | ₹0 | Free for the first year, then ₹300 + GST a year (non-BSDA) |
| DP charge on sells | ₹20 + GST per ISIN sold (₹16.50 Groww + ₹3.50 depository) | ₹15.34 per scrip sold including GST |
| Pledge | ₹20 per ISIN | ₹30 + GST per ISIN (₹15 + GST for MTF) |
| Call and trade | Not offered on the regular online plan | ₹50 per order |
| Auto square-off | ₹50 per position | ₹50 per order (dealer-placed orders and auto square-off) |
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 | Groww | Zerodha |
|---|---|---|
| Delivery (₹1,00,000 buy and sell) | ₹293.28 | ₹237.82 |
| Intraday (₹1,00,000 buy and sell) | ₹82.68 | ₹82.68 |
| Options (₹50,000 buy, ₹60,000 sell) | ₹184.95 | ₹184.95 |
Zerodha costs ₹55.46 less on the ₹1,00,000 delivery round trip. Its AMC after year one (₹300 + GST, about ₹354 a year) is roughly the saving from six such round trips, so the winner depends on how often you trade. BSDA accounts at Zerodha pay no AMC up to ₹4 lakh of holdings. Intraday and options cost the same at these sizes; on smaller intraday orders Zerodha’s 0.03% is below Groww’s 0.1%.
Groww or Zerodha: what to weigh
Groww may suit you if:
- you hold shares for the long term and trade rarely, so ₹0 AMC matters more than the delivery brokerage
- you place small delivery orders under ₹20,000, where 0.1% can be below ₹20 (with a ₹5 minimum)
- you do not need phone orders
Zerodha may suit you if:
- you buy and sell delivery often, since brokerage on delivery is ₹0
- you place small intraday orders, where 0.03% is lower than 0.1%
- you want a lower DP charge on each sell (₹15.34 including GST, against ₹23.60 at Groww)
Both statements describe published charges, not a recommendation. Your own order sizes, how often you trade and how long you hold shares decide which costs more. Use the brokerage calculator to test your own numbers.
Full charge breakdowns
See every charge, worked examples and FAQs on the Groww charges page and the Zerodha charges page. More pairs are on the broker comparisons hub.
Groww vs Zerodha: FAQs
Which is cheaper for delivery, Groww or Zerodha?
Zerodha charges ₹0 brokerage on delivery against the lower of ₹20 or 0.1% (minimum ₹5) at Groww. On a ₹1,00,000 buy and sell, total charges are ₹237.82 on Zerodha and ₹293.28 on Groww.
Which has the lower AMC?
Groww charges ₹0. Zerodha is free for the first year, then ₹300 + GST a year for non-BSDA accounts; BSDA accounts pay nothing up to ₹4 lakh of holdings.
Do Groww and Zerodha charge the same for F&O?
Options are ₹20 per order at both. Futures are ₹20 at Groww and the lower of ₹20 or 0.03% at Zerodha.
How do DP charges compare?
Groww charges ₹16.50 plus a ₹3.50 depository fee plus GST on each ISIN sold, which is ₹23.60. Zerodha charges ₹15.34 per scrip including GST.
Does Groww offer call and trade?
Groww’s regular online plan does not list phone-order charges. Zerodha charges ₹50 per order placed through a dealer, including auto square-off.
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
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.
