What are the Charges for Intraday in Groww?

Intraday trading has become increasingly popular in recent years due to the potential for quick profits by taking advantage of small price fluctuations within a single trading session. Online brokers like Groww facilitate intraday trading by offering discounted brokerage rates and seamless account opening processes.

Groww Intraday Charges

Equity Intraday BrokerageFlat Rs. 20 or 0.05% of trade value, whichever is lower
Minimum Brokerage per TradeNo minimum brokerage
Regulatory ChargesSTT, Stamp Duty, Exchange charges, SEBI turnover charges
Penalty for not squaring off open positions by 3:10 PMRs. 50 per position

In summary, Groww charges a flat brokerage rate of Rs. 20 or 0.05% for equity intraday trades, whichever is lower. There is no minimum brokerage amount. In addition to brokerage, regulatory charges like STT, stamp duty etc. need to be paid. If open positions are not squared off by the cut-off time of 3:10 PM, Groww levies a penalty of Rs. 50 per position left open. Considering the reasonable and transparent fee structure, Groww can be a good platform for intraday traders.

What is the Cost of Intraday Trading

The cost of intraday trading includes brokerage fees, STT, transaction charges levied by the exchanges, stamp duty and SEBI turnover charges. For example, if you execute intraday trades worth Rs. 1 lakh on Groww, you would be charged Rs. 20 as a brokerage fee along with 0.025% STT, 0.00345% stamp duty and other minor regulatory charges.

Groww Intraday Brokerage Charges

SegmentBrokerage Fee
Monthly Fee (Fixed)NA
Equity DeliveryRs 20 per executed order or 0.05% whichever is lower
Equity IntradayRs 20 per executed order or 0.05% whichever is lower
Equity FuturesRs 20 per executed order
Equity OptionsRs 20 per executed order
Currency FuturesNA
Currency OptionsNA
Commodity FuturesNA
Commodity OptionsNA

Groww charges a flat fee of Rs. 20 or 0.05% of trade value, whichever is lower for equity delivery, intraday & F&O. Additional charges like STT, and stamp duty are applicable. For example, buying & selling RIL shares worth Rs.50,000 intraday attracts Rs.20 as brokerage. All the brokerage charges, taxes and penalties levied by Groww are directly debited from the trading account at the end of each trading session.

Groww Intraday Delivery Charges

Equity Delivery Brokerage0.05% of turnover or Rs. 20 per executed order, whichever is lowerIf shares are bought worth Rs. 1 lakh for long-term holding, brokerage would be Rs. 50 (0.05% of Rs. 1 lakh)

In summary, Groww charges reasonable delivery brokerage at 0.05% of total turnover or Rs. 20 per executed order, whichever amount is lower. For example, if an investor purchases shares worth Rs. 1 lakh with the intention of holding them for the long term, the brokerage fee would be Rs. 50, calculated as 0.05% of the total order value of Rs. 1 lakh. The transparent pricing further adds to the appeal of Groww for delivery-based investors.

Also Read: Groww App Glitch on 23 January: Resolved Issues & Updates

Calculating Overall Charges

Groww provides a Brokerage Calculator to estimate overall charges. You need to input details like transaction type, turnover amount etc and it shows breakup of charges like brokerage, STT, stamp duty etc. Refer to the contract note to know the exact charges paid.

Comparison – Groww vs Zerodha Intraday Charges

Zerodha charges a brokerage fee of 0.03% for intraday trades subject to a minimum amount of Rs. 20 per executed order. The charges are slightly lower compared to Groww’s flat fee structure. However, for higher turnover values, the brokerage cost is similar at Rs. 20 per order.

Opening Demat Account on Groww

Follow these steps to open a Groww Demat account for intraday trading:

  1. Sign up on Groww mobile/web platform providing details like PAN, Aadhaar etc.
  2. Upload documents for instant online KYC verification
  3. Link bank account for smooth fund transfer
  4. Start trading in cash and derivatives segments

Groww Account Open Charges | Groww AMC 2024

Trading Account Opening Charges (One Time)Rs 0 (Free)
Trading Annual Maintenance Charges AMC (Yearly Fee)Rs 0
Demat Account Opening Charges (One Time)Rs 0
Demat Account Annual Maintenance Charges AMC (Yearly Fee)Rs 0

Why is Intraday Trading Cheaper

Intraday trading attracts lower brokerage charges compared to delivery trades since the traders indulge in higher trading volumes due to multiple buys/sell within a single session. Brokers promote intraday by keeping the charges very nominal.

Intraday trading is no doubt cheaper brokerage-wise but comes with its own risks like failure to square off positions, mental stress etc. Traders should adopt responsible trading practices keeping risk appetite in mind.

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