Groww is ₹188.80 cheaper on a ₹50K delivery trade
| Trade type | Groww | Kotak Securities | Gap |
|---|---|---|---|
| Delivery ₹50K round-trip | ₹178.71 | ₹367.51 | ₹188.80 |
| Intraday ₹1L round-trip | ₹83.23 | ₹59.63 | ₹23.60 |
| Futures ₹1L round-trip | ₹70.69 | ₹47.09 | ₹23.60 |
| Options ₹1L round-trip | ₹276.30 | ₹252.70 | ₹23.60 |
Groww saves ₹5,131.20/yr
Groww saves ₹23,448.00/yr
Kotak Securities saves ₹24,888.00/yr
| Charge | Groww | Kotak Securities |
|---|---|---|
| Delivery Brokerage | 0.1% or ₹20, lower (min ₹5) | 0.2% of trade value |
| Intraday Brokerage | 0.1% or ₹20, lower (min ₹5) | 0.05% or ₹10, lower |
| F&O Futures Brokerage | Flat ₹20/order | ₹10/order |
| F&O Options Brokerage | Flat ₹20/order | ₹10/order |
| CDS Futures | Flat ₹20/order | ₹10/order |
| CDS Options | Flat ₹20/order | ₹10/order |
| Commodity Futures | Not offered | ₹10/order |
| Commodity Options | Not offered | ₹10/order |
| Charge | Groww | Kotak Securities |
|---|---|---|
| DP Charge | ₹20/scrip (free under ₹100) | 0.04% of value (min ₹20) |
| AMC | Free | ₹600/year |
| MF DP Charges | Free | Free |
| Dematerialisation | ₹150 + GST/certificate | ₹250 + GST/certificate |
| Rematerialisation | ₹200 + GST/certificate | ₹300 + GST/certificate |
| Failed Demat Transaction | ₹50 + GST per failed instruction | ₹50 + GST per failed instruction |
| Charge | Groww | Kotak Securities |
|---|---|---|
| MTF Interest Rate | 15.75% p.a. (~0.043%/day for <₹25L) | Plan-based: ~14.97% p.a. standard (~0.041%/day), ~9.69% p.a. pro |
| MTF Brokerage | 0.1% of order value | Plan-based (0% to 0.30%) |
| MTF Conversion | Free | ₹25 + GST = ₹29.50 |
| MTF Pledging | ₹20 + GST = ₹23.60/ISIN | ₹20/request per ISIN |
| Charge | Groww | Kotak Securities |
|---|---|---|
| Physical Settlement | ₹20/order | ₹10/order (as per plan) |
| Physical Settlement (Netted) | ₹20/order | ₹10/order |
| Clearing Charges | Included in brokerage | Included in brokerage |
| Interest on Margin Shortfall | 0.05%/day on margin shortfall | 0.049%/day on margin shortfall |
| Pledge / Unpledge | ₹20 + GST/ISIN = ₹23.60 for pledge & unpledge each | ₹20/request per ISIN (pledge & unpledge) |
| Delayed Payment Interest | 0.045%/day on outstanding debit | 0.049%/day on outstanding debit |
| Off-Market Transfer | ~₹16 + GST/ISIN | 0.04% of securities value (min ₹20) |
| Charge | Groww | Kotak Securities |
|---|---|---|
| Call & Trade | Not available | ₹49 + GST/order = ₹57.82 |
| Auto Square-off | ₹50/position | ₹50 + GST/position = ₹59 |
| Payment Gateway | Free | ₹7 + GST/transaction = ₹8.26 |
| Instant Withdrawal | Free via UPI | N/A (bank transfer) |
| Corporate Action | Free | Free |
| API Access | Not offered | Free (Kotak Neo API) |
| API Brokerage | Not offered | Same as regular trades |
| Charge | Groww | Kotak Securities |
|---|---|---|
| Account Opening | Free | ₹99 |
| DDPI | ₹100 + 18% GST = ₹118 | ₹100 + GST = ₹118 |
| Account Reactivation | ₹100 + GST = ₹118 | ₹200 + GST = ₹236 |
| NPS | Not offered | Available |
| Charge | Groww | Kotak Securities |
|---|---|---|
| DIS Slip | ₹100 + GST/booklet | ₹100 + GST/booklet |
| Physical CMR | ₹50 + GST | ₹75 + GST |
| P&L / Ledger (Digital) | Free (downloadable) | Free (downloadable) |
| P&L / Ledger (Physical) | Not available | ₹100 + GST per copy |
| Contract Note (Physical) | Not available | ₹30 + GST per contract note |
| Charge | Groww | Kotak Securities |
|---|---|---|
| G-Sec / T-Bills | Not offered | Available on Neo platform |
| SLB | Not offered | Available |
| LAS | Not offered | Available via Kotak Bank |
| Charge | Groww | Kotak Securities |
|---|---|---|
| Name Change | ₹50 + GST (₹59) 2 working days | Free 24–48 working hours |
| Mobile & Email Change | ₹50 + GST (₹59) | Free |
| Address Change | ₹50 + GST (₹59) | Free |
| Nominee Change | ₹50 + GST (₹59) | Free |
| DOB Change | ₹50 + GST (₹59) | Free |
| Bank Account Change | Free 2–3 working days | Free |
| KYC Modification | ₹50 + GST (₹59) | Free |
| Cheque Bounce | N/A | Online: ₹350 + bank charges; Offline: ₹500 + bank charges |
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 →Kotak Securities is the brokerage arm of Kotak Mahindra Bank, India's fourth-largest bank. It offers full-service brokerage with a strong research desk and dedicated relationship managers. For self-directed investors, the 0.2% delivery brokerage and ₹600 AMC make it significantly more expensive than discount brokers. Best suited to investors who rely heavily on research and advisory.
Full profile →Set your trade frequency, value, and segment to see who stays cheapest for your style.