Head-to-head comparison

Groww vs Angel One

4 Groww
of 4 trade types won
0 Angel One
  • Groww wins 4 of 4 trade types on per-trade cost
  • AMC: Groww charges nothing vs ₹283.00 at Angel One
  • MTF interest: Angel One at 14.99% vs 15.75%
01

Per-trade cost

Trade type Groww Angel One Gap
Delivery ₹50K round-trip ₹178.71 ₹178.71
Intraday ₹1L round-trip ₹83.23 ₹83.23
Futures ₹1L round-trip ₹70.69 ₹70.69
Options ₹1L round-trip ₹276.30 ₹276.30
02

Annual cost by profile

Passive Investor 2 delivery/mo, 1 sell day
Groww ₹4,049.15/yr Trading: ₹4,049.15 · AMC: ₹0.00
Angel One ₹4,332.15/yr Trading: ₹4,049.15 · AMC: ₹283.00

Groww saves ₹283.00/yr

Swing Trader 8 delivery/mo, 4 sell days
Groww ₹18,337.68/yr Trading: ₹18,337.68 · AMC: ₹0.00
Angel One ₹18,620.68/yr Trading: ₹18,337.68 · AMC: ₹283.00

Groww saves ₹283.00/yr

F&O Active 30 futures + 60 options/mo
Groww ₹224,385.12/yr Trading: ₹224,385.12 · AMC: ₹0.00
Angel One ₹224,668.12/yr Trading: ₹224,385.12 · AMC: ₹283.00

Groww saves ₹283.00/yr

03

Trading

Charge Groww Angel One
Delivery Brokerage 0.1% or ₹20, lower (min ₹5) 0.1% or ₹20, lower (min ₹2)
Intraday Brokerage 0.1% or ₹20, lower (min ₹5) 0.03% or ₹20, lower
F&O Futures Brokerage Flat ₹20/order Flat ₹20/order
F&O Options Brokerage Flat ₹20/order Flat ₹20/order
CDS Futures Flat ₹20/order Flat ₹20/order
CDS Options Flat ₹20/order Flat ₹20/order
Commodity Futures Not offered Flat ₹20/order
Commodity Options Not offered Flat ₹20/order
04

Demat

Charge Groww Angel One
DP Charge ₹20/scrip (free under ₹100) ₹20/scrip/day on sell
AMC Free ₹240 + 18% GST = ₹283.20/year
MF DP Charges Free ₹20 plus GST
Dematerialisation ₹150 + GST/certificate ₹200 + GST/certificate
Rematerialisation ₹200 + GST/certificate ₹200 + GST/certificate
Failed Demat Transaction ₹50 + GST per failed instruction ₹50 + GST per failed instruction
05

MTF

Charge Groww Angel One
MTF Interest Rate 15.75% p.a. (~0.043%/day for <₹25L) 14.99% p.a. (~0.041%/day)
MTF Brokerage 0.1% of order value 0.1% or ₹20, lower (min ₹2)
MTF Conversion Free Free
MTF Pledging ₹20 + GST = ₹23.60/ISIN ₹20 + GST = ₹23.60/ISIN
06

Settlement

Charge Groww Angel One
Physical Settlement ₹20/order ₹20/order
Physical Settlement (Netted) ₹20/order ₹20/order
Clearing Charges Included in brokerage Included in brokerage
Interest on Margin Shortfall 0.05%/day on margin shortfall 0.05%/day on margin shortfall
Pledge / Unpledge ₹20 + GST/ISIN = ₹23.60 for pledge & unpledge each ₹20 + GST/ISIN = ₹23.60 (pledge & unpledge)
Delayed Payment Interest 0.045%/day on outstanding debit 14.99% p.a. (~0.041%/day)
Off-Market Transfer ~₹16 + GST/ISIN ₹20 + GST = ₹23.60/scrip
07

Services

Charge Groww Angel One
Call & Trade Not available ₹20/order
Auto Square-off ₹50/position ₹20/order
Payment Gateway Free Free
Instant Withdrawal Free via UPI Free via UPI
Corporate Action Free Free
API Access Not offered Free (SmartAPI)
API Brokerage Not offered Same as regular trades
08

Account

Charge Groww Angel One
Account Opening Free Free
DDPI ₹100 + 18% GST = ₹118 ₹100 + 18% GST = ₹118
Account Reactivation ₹100 + GST = ₹118 ₹100 + GST = ₹118
NPS Not offered Not offered
09

Documents

Charge Groww Angel One
DIS Slip ₹100 + GST/booklet ₹100 + GST/booklet
Physical CMR ₹50 + GST ₹50 + GST
P&L / Ledger (Digital) Free (downloadable) Free (downloadable)
P&L / Ledger (Physical) Not available Not available
Contract Note (Physical) Not available Not available
10

Instruments

Charge Groww Angel One
G-Sec / T-Bills Not offered Not offered
SLB Not offered Not offered
LAS Not offered Not offered
11

Modifications

Charge Groww Angel One
Name Change ₹50 + GST (₹59) 2 working days Free
Mobile & Email Change ₹50 + GST (₹59) Free Up to 72 working hours
Address Change ₹50 + GST (₹59) Free
Nominee Change ₹50 + GST (₹59) ₹25 + 18% GST (₹29.50) 4–6 working days
DOB Change ₹50 + GST (₹59) Free
Bank Account Change Free 2–3 working days Free 2–3 working days
KYC Modification ₹50 + GST (₹59) Free
Cheque Bounce N/A ₹350

Groww

Groww started as a mutual fund platform in 2016 and added stock trading later. Backed by Sequoia, Tiger Global, and others, it has 37M+ users — mostly first-time investors. Its brokerage on delivery (min ₹5, max ₹20) makes it pricier than zero-brokerage peers for small trades, but the interface is among the cleanest in the industry.

Full profile →

Angel One

Angel One (formerly Angel Broking) was founded in 1996 as a full-service broker and transitioned to discount brokerage in 2019. It has the widest physical network among discount brokers — useful if you need in-person support. Research and advisory services are available. Brokerage is competitive but not the lowest: minimum ₹2 on delivery.

Full profile →

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