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Groww and INDmoney both have ₹0 AMC, and both charge the lower of ₹20 or 0.1% on delivery and intraday. INDmoney has a ₹2 minimum, and both charge ₹20 per order on F&O. A ₹1,00,000 delivery round trip costs ₹293.28 on Groww and ₹291.51 on INDmoney.
Last updated: October 2026
This page compares Groww and INDmoney 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 INDmoney: charges side by side
| Charge | Groww | INDmoney |
|---|---|---|
| Account opening | ₹0 | ₹0 |
| Equity delivery brokerage | Lower of ₹20 or 0.1%; minimum ₹5 | Lower of ₹20 or 0.1%; minimum ₹2 |
| Equity intraday brokerage | Lower of ₹20 or 0.1%; minimum ₹5 | Lower of ₹20 or 0.1%; minimum ₹2 |
| Futures and options | ₹20 per order | ₹20 per order |
| Demat AMC | ₹0 | ₹0 |
| DP charge on sells | ₹20 + GST per ISIN sold (₹16.50 Groww + ₹3.50 depository) | ₹18.50 + GST per ISIN sold (₹3.50 CDSL + ₹15 INDstocks) |
| Pledge | ₹20 per ISIN | ₹0 for margin (non-MTF); ₹20 + GST per ISIN for MTF |
| Call and trade | Not offered on the regular online plan | ₹500 per order |
| Auto square-off | ₹50 per position | Not listed on the pricing page |
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 | INDmoney |
|---|---|---|
| Delivery (₹1,00,000 buy and sell) | ₹293.28 | ₹291.51 |
| Intraday (₹1,00,000 buy and sell) | ₹82.68 | ₹82.68 |
| Options (₹50,000 buy, ₹60,000 sell) | ₹184.95 | ₹184.95 |
The intraday and options examples cost the same on both brokers at these sizes. Delivery differs by ₹1.77, from the DP charge (₹23.60 at Groww against ₹21.83 at INDmoney, per ISIN sold). INDmoney also charges ₹500 per call-and-trade order; Groww does not list one on its regular plan.
Groww or INDmoney: what to weigh
Groww may suit you if:
- you want the lower DP charge on each sell
- you do not need phone orders
- you want a single flat brokerage rule across delivery and intraday
INDmoney may suit you if:
- you invest in US stocks, mutual funds or IPOs in the same app
- you want the ₹2 minimum on very small delivery orders
- you want the lower DP charge on sells of ₹21.83 against ₹23.60
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 INDmoney charges page. More pairs are on the broker comparisons hub.
Groww vs INDmoney: FAQs
Do Groww and INDmoney charge the same brokerage?
Yes, both charge the lower of ₹20 or 0.1% per order on delivery and intraday. INDmoney has a ₹2 minimum and Groww a ₹5 minimum.
Which has the lower DP charge?
INDmoney charges ₹18.50 + GST per ISIN sold. Groww charges ₹16.50 plus the depository fee, which comes to ₹23.60 including GST.
Do either charge AMC?
Neither. Both list ₹0 AMC.
What are call and trade charges?
INDmoney charges ₹500 per order placed through its desk. Groww does not list phone orders on its regular plan.
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. INDmoney: INDmoney pricing 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.
