M.stock vs Indmoney vs Groww Disclosure: We may earn a commission if you open a demat account via links on this page. This does not affect our editorial independence. Read our Affiliate Disclosure .
Last updated: May 2026 · Charges and offers verified against official broker pages where noted.
Mstock demat account charges, features, and safety — verified against official sources.
In stock
- 2022
NA (Mirae Asset-backed platform)
₹0
₹0 after one-time ₹1,299 + GST lifetime operating-charge activation; otherwise ₹219 + GST/quarter
₹0/year
m.Stock ₹5/order + lifetime operating-charge option
No commodity segment
No commodity segment
₹5 per executed order
₹5 per executed order
₹0
₹5 per executed order
₹5 per executed order
₹5 per executed order
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
No
MTF from 6.99% p.a.; pledge shares interest 0.0274%/day
Yes
MTF pledge/closure ₹32 per PSN per day + GST; pledge shares creation ₹0, closure ₹32 per PSN/day + GST
MTF closure ₹32 per PSN per day + GST; pledge shares closure ₹32 per PSN/day + GST
1x; 100% upfront delivery margin
Up to 5x
No
Yes
Yes
Yes
No
Yes
No
Yes
No
No
Yes
No
No
No
Yes
Yes
Yes
Yes
Yes
Yes
Yes
No
No
No
Yes
Yes
No
Yes
Yes
Yes
Yes
Yes
No
Yes
No
No
No
No
No
No
No
No
No
No
Nil
Nil
STT 0.10% on buy and sell
STT 0.05% on sell side
STT 0.025% on sell side
STT 0.15% on sell side premium; 0.15% on exercise intrinsic value
Yes
No
Yes
Yes
No
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
No
Yes
No
Yes
Yes
Yes
Yes
No commodity segment
No commodity segment
NSE 0.00035% on turnover
NSE 0.0311% on premium
NSE 0.00307%; BSE 0.00375%
NSE 0.00183% on contract value
NSE 0.00307%; BSE 0.00375%
NSE 0.03553% on premium; BSE 0.0325% on premium
No commodity segment
No commodity segment
0.0001% on buy side
0.0001% on buy side
0.015% or ₹1,500/crore on buy side
0.002% or ₹200/crore on buy side
0.003% or ₹300/crore on buy side
0.003% or ₹300/crore on buy side
₹0
₹0
₹0
₹18 + GST per debit transaction
18% on brokerage, DP, exchange transaction charges, SEBI charges and other taxable service charges
₹0
₹10/crore or 0.0001% of turnover
₹100 per executed order + GST
Free
₹0
Indmoney demat account charges, features, and safety — verified against official sources.
In stock
- 2019
Ashish Kashyap
₹0
₹0 (Free for lifetime)
₹0/year
INDstocks Indian Stocks pricing
₹20 per executed order
₹20 per executed order
₹20 per executed order
₹20 per executed order
Lower of ₹20 or 0.1% per executed order; minimum ₹2
₹20 per executed order
Lower of ₹20 or 0.1% per executed order; minimum ₹2
₹20 per executed order
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
No
MTF offered up to 4x; interest charged on funded amount
Yes
₹0 margin pledge/unpledge; ₹20 + GST per ISIN for MTF pledge/unpledge
₹0 margin unpledge; ₹20 + GST per ISIN for MTF unpledge
1x; 100% upfront delivery margin
Up to 5x
No
No
Yes
Yes
No
No
No
No
No
No
Yes
No
No
Yes
Yes
Yes
No
Yes
Yes
Yes
Yes
Yes
Yes
No
Yes
Yes
No
Yes
No
No
Yes
Yes
No
Yes
No
No
No
No
No
No
No
No
No
No
Nil
Nil
STT 0.10% on buy and sell
STT 0.05% on sell side
STT 0.025% on sell side
STT 0.15% on sell side premium; 0.15% on exercise intrinsic value
No
Yes
Yes
Yes
No
Yes
Yes
Yes
Yes
Yes
Yes
No
Yes
No
Yes
No
Yes
Yes
Yes
No
Yes
MCX 0.00210%; NCDEX 0.0058%
MCX 0.0418%; NCDEX 0.03%
NSE 0.00035% on turnover
NSE 0.0311% on premium
NSE 0.00307%; BSE 0.00375%
NSE 0.00183% on contract value
NSE 0.00307%; BSE 0.00375%
NSE 0.03553% on premium; BSE 0.0325% on premium
0.002% on buy side
0.003% on buy side premium
0.0001% on buy side
0.0001% on buy side
0.015% or ₹1,500/crore on buy side
0.002% or ₹200/crore on buy side
0.003% or ₹300/crore on buy side
0.003% or ₹300/crore on buy side
₹0
₹500 per order
₹250 per certificate
₹18.50 + GST per ISIN on delivery sell
18% on brokerage, DP, exchange transaction charges, SEBI charges and other taxable service charges
₹0
₹10/crore or 0.0001% of turnover
₹50 per order
Free
₹0
Groww demat account charges, features, and safety — verified against official sources.
In stock
- 2016
Lalit Keshre, Harsh Jain, Neeraj Singh, Ishan Bansal
₹0
₹0 (Free for lifetime)
₹0/year
Regular Groww online plan
₹20 per executed order
₹20 per executed order
₹20 per executed order
₹20 per executed order
Lower of ₹20 or 0.1%
₹20 per executed order
Lower of ₹20 or 0.1%
₹20 per executed order
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
14.95% p.a.
Yes
₹20 + GST per ISIN
₹20 + GST per ISIN
1x; 100% upfront delivery margin
Up to 5x
No
No
Yes
Yes
No
No
No
No
No
No
Yes
No
No
Yes
Yes
Yes
Yes
Yes
Yes
Yes
Yes
No
Yes
No
Yes
Yes
No
Yes
No
Yes
Yes
Yes
No
Yes
No
No
Yes
No
No
No
No
No
No
No
Nil
Nil
STT 0.10% on buy and sell
STT 0.05% on sell side
STT 0.025% on sell side
STT 0.15% on sell side premium; 0.15% on exercise intrinsic value
No
Yes
Yes
Yes
No
Yes
Yes
Yes
Yes
Yes
Yes
No
Yes
No
Yes
Yes
No
Yes
Yes
No
Yes
MCX 0.00210%; NCDEX 0.0058%
MCX 0.0418%; NCDEX 0.03%
NSE 0.00035% on turnover
NSE 0.0311% on premium
NSE 0.00307%; BSE 0.00375%
NSE 0.00183% on contract value
NSE 0.00307%; BSE 0.00375%
NSE 0.03553% on premium; BSE 0.0325% on premium
0.002% on buy side
0.003% on buy side premium
0.0001% on buy side
0.0001% on buy side
0.015% or ₹1,500/crore on buy side
0.002% or ₹200/crore on buy side
0.003% or ₹300/crore on buy side
0.003% or ₹300/crore on buy side
₹0
No phone-order facility shown in regular online pricing
₹150 per cert + courier
₹16.50 + CDSL fee
18% on brokerage, DP, exchange transaction charges, SEBI charges and other taxable service charges
₹0
₹10/crore or 0.0001% of turnover
₹50 per position
Free
₹50 including GST
This Mstock vs Indmoney vs Groww guide compares charges and account terms for Mstock, Indmoney, and Groww using our master broker sheet (updated from the same source as the live table above). Figures below are copied verbatim from that sheet—confirm current tariffs on each broker’s official website before opening an account. More comparisons: broker comparisons hub .
Charges at a glance Parameter Mstock Indmoney Groww Annual Maintenance Charges (AMC) ₹0 after one-time ₹1,299 + GST lifetime operating-charge activation; otherwise ₹219 + GST/quarter ₹0 (Free for lifetime) ₹0 (Free for lifetime) Brokerage Plan m.Stock ₹5/order + lifetime operating-charge option INDstocks Indian Stocks pricing Regular Groww online plan Equity Delivery Charges ₹0 Lower of ₹20 or 0.1% per executed order; minimum ₹2 Lower of ₹20 or 0.1% Equity Intraday Charges ₹5 per executed order Lower of ₹20 or 0.1% per executed order; minimum ₹2 Lower of ₹20 or 0.1% Equity Futures charges ₹5 per executed order ₹20 per executed order ₹20 per executed order Equity Options charges ₹5 per executed order ₹20 per executed order ₹20 per executed order
Key differences from our sheet Annual Maintenance Charges (AMC): Mstock — ₹0 after one-time ₹1,299 + GST lifetime operating-charge activation; otherwise ₹219 + GST/quarter; Indmoney — ₹0 (Free for lifetime); Groww — ₹0 (Free for lifetime). Brokerage Plan: Mstock — m.Stock ₹5/order + lifetime operating-charge option; Indmoney — INDstocks Indian Stocks pricing; Groww — Regular Groww online plan. Equity Delivery Charges: Mstock — ₹0; Indmoney — Lower of ₹20 or 0.1% per executed order; minimum ₹2; Groww — Lower of ₹20 or 0.1%. Equity Intraday Charges: Mstock — ₹5 per executed order; Indmoney — Lower of ₹20 or 0.1% per executed order; minimum ₹2; Groww — Lower of ₹20 or 0.1%. Equity Futures charges: Mstock — ₹5 per executed order; Indmoney — ₹20 per executed order; Groww — ₹20 per executed order. Equity Options charges: Mstock — ₹5 per executed order; Indmoney — ₹20 per executed order; Groww — ₹20 per executed order. Individual broker reviews Read our detailed reviews: Indmoney demat review .
Brokerage plans, AMC slabs, and F&O tariffs can change. Use the comparison table at the top of this page for side-by-side product fields, and verify final numbers on official broker sites before you trade.
