Understanding Charges for Stock Trading on the Groww App

Looking to trade stocks on the Groww app? It's important to understand the associated charges. This guide will help you navigate the costs involved in operating a Demat account, executing trades, and more.

Brokerage Fees

Brokerage Fees: On the Groww app, the brokerage fees vary depending on the type of trade you make.

Equity Delivery: No brokerage charges if you hold the stock for more than a day. Equity Intraday: 20 INR per order or 0.05% of the trade value, whichever is lower.

Other Charges

There are additional charges that may apply during stock trading:

Securities Transaction Tax (STT): Applicable on the sale of equity shares. SEBI Charges: A nominal fee charged per transaction. Transaction Charges: Collected by exchanges based on the trade value. Account Maintenance Fees: Not charged by Groww for maintaining a Demat account, but may vary with different service providers.

Account Maintenace and Demat Account

Opening a Demat and trading account on Groww is free. You do not pay an Annual Maintenance Fee as of now, making it an affordable option for traders and investors.

Buying and Selling Charges

Here are the specific charges for buying and selling stocks:

Buy Delivery Charges

STT Charges: 0.1% Exchange Transaction Charges: 0.00325 (NSE) or 0.003 (BSE) SEBI Turnover Charges: 0.00005% Stamp Duty: 0.015% Brokerage: Rs. 20 or 0.05% of the order value, whichever is lower.

Sell Delivery Charges

DP Charges

DP Charge: Rs. 13.5 with 18% GST per company per trading day.

Intraday Charges

Brokerage: Rs. 20 or 0.05% of the order value, whichever is lower. STT Charges: 0.025% Exchange Transaction Charges: 0.00325 (NSE) or 0.003 (BSE) SEBI Turnover Charges: 0.00005%

Additional Tips for Trading

While the Groww app offers flexibility with brokerage fees, it's crucial to manage your funds wisely. Always monitor your expenses and ensure you have a steady income. Here’s a tip: use your profits from online betting, such as on Khelraja, to augment your trading and investing on the Groww app. This way, you can consistently grow your capital.

Remember, the stock market is inherently unpredictable, and every trade carries a degree of risk. Always invest with caution and knowledge.