Arup
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.
- Overview
- Account opening & AMC
- Brokerage Charges & Fees
- Pledge Charges
- Leverage (Margin) Offered
- Unique Offerings
- STT & CTT Charges
- Transaction Charges
- Stamp Duty charges
- Other Charges
For Brokerage Plan, Groww lists Regular Groww online plan; Indmoney lists INDstocks Indian Stocks pricing. Informational only; confirm tariffs on each broker's official site before opening an account.
This Groww vs Indmoney page is structured as a practical decision guide. Use the table as a current snapshot and verify final tariffs, platform terms, and support policies on official broker pages before trading.
Charges at a glance
| Parameter | Groww | Indmoney |
|---|---|---|
| Account Opening Fee | ₹0 | ₹0 |
| Annual Maintenance Charges (AMC) | ₹0 (Free for lifetime) | ₹0 (Free for lifetime) |
| Brokerage Plan | Regular Groww online plan | INDstocks Indian Stocks pricing |
| Equity Delivery Charges | Lower of ₹20 or 0.1% | Lower of ₹20 or 0.1% per executed order; minimum ₹2 |
| Equity Intraday Charges | Lower of ₹20 or 0.1% | Lower of ₹20 or 0.1% per executed order; minimum ₹2 |
| Equity Futures charges | ₹20 per executed order | ₹20 per executed order |
| Equity Options charges | ₹20 per executed order | ₹20 per executed order |
Key charge differences
- Brokerage Plan: Groww — Regular Groww online plan; Indmoney — INDstocks Indian Stocks pricing.
- Equity Delivery Charges: Groww — Lower of ₹20 or 0.1%; Indmoney — Lower of ₹20 or 0.1% per executed order; minimum ₹2.
- Equity Intraday Charges: Groww — Lower of ₹20 or 0.1%; Indmoney — Lower of ₹20 or 0.1% per executed order; minimum ₹2.
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.
Indmoney vs Groww Charges
Here is a comparison of Groww vs Indmoney charges for Indian stocks:
| Charges | INDmoney | Groww |
|---|---|---|
| A/C Opening | ₹0 | ₹0 |
| KYC | ₹0 | ₹0 |
| Brokerage | 0.05% of order value or Rs. 20, whichever is lower | 0.05% of order value or Rs. 20, whichever is lower |
| F&O brokerage | ₹ 20 per executed order | ₹ 20 per executed order |
| AMC | ₹0 | ₹0 |
| Exchange transaction charges (NSE) | 0.00325% of the transaction value for all stocks | 0.00325% of transaction value for all stocks |
| SEBI turnover charges for buy and sell orders only | 0.0001% of turnover for both buy and sell orders only | 0.0001% of turnover for both buy and sell orders only |
| DP charges (Depository Participant) for delivery sell orders only | ₹ 13.5 + GST per ISIN per day, regardless of quantity sold | ₹ 13.5 + GST per company per day, regardless of quantity sold |
Check other pricing of Groww
Also read: HDFC Sky vs Zerodha: Which is better?
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 a flat fee of Rs. 20 or 0.05% per executed order, whichever is lower, across all segments, including equity delivery, intraday, and F&O.
- 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:
| Feature | Groww | Indmoney |
|---|---|---|
| User interface | Simple and intuitive | Slightly complex |
| Investment options | Stocks, mutual funds, ETFs, US stocks, fractional shares | Mutual funds, ETFs |
| Research and analysis | Basic | Comprehensive |
| Fees and commissions | Same brokerage fee on equity trades, zero commission on direct mutual funds | Same brokerage fee on equity trades, zero commission on direct mutual funds |
| Other features | Goal-based investing, fractional shares, tax-saving investments | Wealth management advice, financial planning tools, and credit score tracking |
Also read: Indmoney Vs Zerodha Charges
Conclusion
| Parameter | INDMoney | Groww |
|---|---|---|
| Features | More | Less |
| Fees | Lower | Higher |
| Support | Better | Good |
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.
Arup writes broker comparisons, investing app reviews, and educational finance guides for Let’s Think Wise. His articles focus on simplifying trading platform features, charges, account-opening steps, and user experience for beginner investors. The content is educational and not personalized investment advice.
