Dhan is ₹52.45 cheaper on a ₹50K delivery trade
| Trade type | Groww | Dhan | Gap |
|---|---|---|---|
| Delivery ₹50K round-trip | ₹178.71 | ₹126.26 | ₹52.45 |
| Intraday ₹1L round-trip | ₹83.23 | ₹83.23 | — |
| Futures ₹1L round-trip | ₹70.69 | ₹70.69 | — |
| Options ₹1L round-trip | ₹276.30 | ₹276.30 | — |
Dhan saves ₹1,195.80/yr
Dhan saves ₹4,783.20/yr
| Charge | Groww | Dhan |
|---|---|---|
| Delivery Brokerage | 0.1% or ₹20, lower (min ₹5) | ₹0 |
| Intraday Brokerage | 0.1% or ₹20, lower (min ₹5) | 0.03% or ₹20, lower |
| F&O Futures Brokerage | Flat ₹20/order | 0.03% or ₹20, lower |
| F&O Options Brokerage | Flat ₹20/order | Flat ₹20/order |
| CDS Futures | Flat ₹20/order | 0.03% or ₹20, lower |
| CDS Options | Flat ₹20/order | Flat ₹20/order |
| Commodity Futures | Not offered | 0.03% or ₹20, lower |
| Commodity Options | Not offered | Flat ₹20/order |
| Charge | Groww | Dhan |
|---|---|---|
| DP Charge | ₹20/scrip (free under ₹100) | ₹12.50 + 18% GST = ₹14.75 |
| AMC | Free | Free |
| MF DP Charges | Free | ₹12.50 + 18% GST = ₹14.75/ISIN |
| Dematerialisation | ₹150 + GST/certificate | ₹150 + GST/certificate |
| Rematerialisation | ₹200 + GST/certificate | ₹150 + GST/certificate |
| Failed Demat Transaction | ₹50 + GST per failed instruction | ₹50 + GST per failed instruction |
| Charge | Groww | Dhan |
|---|---|---|
| MTF Interest Rate | 15.75% p.a. (~0.043%/day for <₹25L) | 12.49% p.a. (~0.034%/day, tiered) |
| MTF Brokerage | 0.1% of order value | 0.03% or ₹20, lower |
| MTF Conversion | Free | Free |
| MTF Pledging | ₹20 + GST = ₹23.60/ISIN | ₹15 + GST = ₹17.70/ISIN |
| Charge | Groww | Dhan |
|---|---|---|
| Physical Settlement | ₹20/order | 0.1% on contract value |
| Physical Settlement (Netted) | ₹20/order | 0.1% on netted settlement value |
| 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 | Pledge: ₹15 + GST/ISIN (₹17.70); Unpledge: ₹15 + GST/ISIN (₹17.70) |
| Delayed Payment Interest | 0.045%/day on outstanding debit | 0.0438%/day or 16.99% p.a. |
| Off-Market Transfer | ~₹16 + GST/ISIN | ₹12.50 + 18% GST = ₹14.75/scrip |
| Charge | Groww | Dhan |
|---|---|---|
| Call & Trade | Not available | ₹50 + GST/order |
| Auto Square-off | ₹50/position | ₹20 + GST/order |
| Payment Gateway | Free | Free |
| Instant Withdrawal | Free via UPI | Free via UPI |
| Corporate Action | Free | Free |
| API Access | Not offered | Free (Dhan HQ API) |
| API Brokerage | Not offered | Same as regular trades |
| Charge | Groww | Dhan |
|---|---|---|
| Account Opening | Free | Free |
| DDPI | ₹100 + 18% GST = ₹118 | ₹100 + 18% GST = ₹118 |
| Account Reactivation | ₹100 + GST = ₹118 | ₹50 + GST = ₹59 |
| NPS | Not offered | Not offered |
| Charge | Groww | Dhan |
|---|---|---|
| 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 |
| Charge | Groww | Dhan |
|---|---|---|
| G-Sec / T-Bills | Not offered | Not offered |
| SLB | Not offered | Not offered |
| LAS | Not offered | Not offered |
| Charge | Groww | Dhan |
|---|---|---|
| Name Change | ₹50 + GST (₹59) 2 working days | Free 5–7 working days |
| Mobile & Email Change | ₹50 + GST (₹59) | Free Up to 48 working hours |
| Address Change | ₹50 + GST (₹59) | Free |
| Nominee Change | ₹50 + GST (₹59) | Adding: Free; Modification: ₹25 + GST (₹29.50) Up to 2 working days |
| DOB Change | ₹50 + GST (₹59) | Free |
| Bank Account Change | Free 2–3 working days | ₹25 + GST (₹29.50) Up to 48 working hours |
| KYC Modification | ₹50 + GST (₹59) | Re-KYC: Free |
| Cheque Bounce | N/A | ₹500 + 18% GST = ₹590 |
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 →Dhan launched in 2021 and is backed by Mirae Asset. It competes directly with Zerodha on pricing but differentiates with a slick mobile-first app and strong options analytics. Zero AMC gives it a slight cost edge over Zerodha for buy-and-hold investors who don't make frequent trades.
Full profile →Set your trade frequency, value, and segment to see who stays cheapest for your style.