Groww is one of the most popular discount brokers in India. It allows users to invest in stocks, mutual funds, IPOs, and trade in Futures & Options (F&O).
Groww follows a low-cost brokerage model with a fixed maximum brokerage of ₹20 per executed order. This means your brokerage does not increase with quantity size after a certain limit.
In this article, we will understand Groww intraday charges for Equity and F&O trading with examples.
Table of Contents
What is Intraday Trading in Groww?
If you buy and sell a stock on the same trading day, it is called Intraday Trading.
For intraday trades, Groww charges brokerage based on the trade value, but with minimum and maximum limits.
Groww Intraday Charges for Stocks
For equity intraday trading, Groww charges:
- 0.1% of executed order value
OR - Minimum ₹5 per order
OR - Maximum ₹20 per executed order
This means brokerage depends on trade size, but it will never exceed ₹20 per order. You can use Groww Brokerage Calculator for calculation of intraday charges in simple steps.
Groww Intraday Brokerage Examples
Small Trade
If 0.1% brokerage becomes ₹2, you still pay the minimum brokerage of ₹5.
Example:
- Trade Value = ₹2,000
- 0.1% of ₹2,000 = ₹2
- Brokerage Charged = ₹5
Medium Trade
If 0.1% brokerage becomes ₹12, then you pay ₹12.
Example:
- Trade Value = ₹12,000
- 0.1% = ₹12
- Brokerage Charged = ₹12
Large Trade
If brokerage exceeds ₹20, then Groww charges only the maximum cap of ₹20.
Example:
- Trade Value = ₹50,000
- 0.1% = ₹50
- Brokerage Charged = ₹20
Other Charges in Groww Intraday Trading
Apart from brokerage, traders also need to pay statutory and exchange-related charges.
| Charge Type | Intraday Charges |
|---|---|
| STT (Securities Transaction Tax) | 0.025% on sell side only |
| Stamp Duty | 0.003% on buy side only |
| Exchange Transaction Charges | Approx. 0.00297% (NSE) |
| SEBI Charges | ₹10 per crore (0.0001%) |
| GST | 18% on brokerage + exchange charges |
| DP Charges | ₹0 for intraday |
Groww F&O Charges (Futures & Options)
If you trade in Futures & Options through Groww, the brokerage is flat ₹20 per executed order.
This applies to:
- Equity Futures
- Equity Options
- Index Futures
- Index Options
- Commodity F&O
Groww F&O Brokerage Charges
| Charge Type | F&O Charges |
|---|---|
| Brokerage | ₹20 per executed order |
| STT | 0.02% on options sell, 0.0125% on futures sell |
| Stamp Duty | 0.003% on buy side |
| Exchange Charges | Approx. 0.00345% |
| SEBI Charges | ₹10 per crore |
| GST | 18% on brokerage + exchange charges |
| DP Charges | ₹0 |
STT Charges Calculation for F&O Short Selling
In F&O trading, STT is charged mainly on the sell side.
- Futures STT = 0.0125% on sell value
- Options STT = 0.02% on premium sold
Example 1: NIFTY Futures Short Sell
Suppose:
- NIFTY Futures Sell Price = 25,000
- Lot Size = 75
Total Contract Value:
25000 \times 75 = 1875000
STT Calculation:
1875000 \times 0.0125% \approx 234
So, STT charged will be approximately ₹234.
Example 2: Options Selling STT
Suppose:
- Option Premium = ₹100
- Lot Size = 75
Total Premium Value:
100 \times 75 = 7500
STT Calculation:
7500 \times 0.02% = 1.5
So, STT charged will be approximately ₹1.5.
Important Points About Groww Charges
- Brokerage is charged per executed order, not per day.
- Intraday brokerage is capped at ₹20 per order.
- F&O brokerage remains fixed at ₹20 per executed order.
- GST is charged additionally on brokerage and exchange transaction charges.
- DP charges are not applicable in intraday trades because shares are not delivered to your Demat account.
Is Groww Good for Intraday Trading?
Groww is suitable for beginner and active traders because of:
- Low brokerage structure
- Simple trading interface
- Flat ₹20 brokerage cap
- Easy account opening process
- Direct mutual fund investment option
However, active F&O traders should also compare exchange charges, platform stability, and margin facilities with other brokers before choosing a trading platform.
Conclusion
Groww follows a low-cost discount brokerage model for both Equity Intraday and F&O trading.
For equity intraday trades, brokerage is charged at 0.1% of trade value with a minimum charge of ₹5 and a maximum cap of ₹20 per executed order.
For Futures & Options trading, Groww charges a flat ₹20 brokerage per executed order along with statutory charges like STT, GST, exchange transaction charges, SEBI charges, and stamp duty.
Equity intraday trading generally involves lower overall charges, while F&O trading can become expensive because taxes and STT are calculated on large contract values.
Before trading, always calculate the total charges properly to understand your actual profit and loss. To plan trade in use Groww Brokerage Calculator the will help you to plan your trade.
Disclaimer: Brokerage charges, taxes, and other fees mentioned in this article are for informational purposes only and may change as per Groww, NSE, SEBI, or government regulations. Please verify the latest charges on the official Groww website before trading or investing.
Navnit Kumar (ARN-183463) is an AMFI-Registered MFD and financial expert with 8+ years of experience. Author of the Amazon bestsellers Anybody Can Trade and Anybody Can Trade Options , Navnit simplifies complex strategies like SWP & SIP to help investors achieve sustainable financial freedom.
