/offerpages/3e8313d905a9402d9d5fcc3058f62d6d.png)
/blog/e2a33efcb0054e33a591eea6dc8a7ab8.jpg)
There has been a 300% rise in the number of individuals participating in intraday trading in the equity cash segment from FY19 to FY23. This is proof that trading has gained popularity recently. The reason behind this growth is that online brokers and trading apps like Groww have made it easy for retail investors to participate in the stock market.
However, over 70% of intraday traders in the equity cash segment suffer losses. People end up losing money because, often, they do not know how much a trade costs them. So, before you jump into intraday trading, make sure to understand the cost associated with it. You can use a tool like the Groww Intraday Calculator to estimate the real profit or loss of a trade. This way, you make informed investment decisions and the most of your trades.
Table of Contents
Groww was founded in 2017, and today, its users have grown to over 1.5 crore. It offers a varied range of investment options such as stocks, Futures and Options (F&O), mutual funds, Exchange Traded Funds (ETFs) and Initial Public Offers (IPOs). But it does not offer currency or commodity trading, analysis, trading advice, or recommendations.
Groww’s website states that it is “Built for a growwing India”. However, before choosing Groww as your broker, it is important to understand its brokerage charges and calculations. So, let's get to it!
Groww Charges
Groww claims to have zero fixed and hidden charges.
|
Category |
Charges |
|
Account Opening |
₹0 |
|
Annual Maintainance Charges (AMC) |
₹0 |
Groww Brokerage Charges
Here is a breakdown of what Groww charges for intraday trades:
|
Category |
Charges |
|
Equity Brokerage |
0.05% or ₹20 per order |
|
STT (Securities Transaction Tax) |
0.025% (Sell) |
|
Stamp Duty |
0.003% (Buy) |
|
Exchange Transaction Charge |
|
|
SEBI Turnover Charge |
0.0001% (Buy and Sell) |
|
DP Charges (₹13.5 per company) |
₹0 (Buy and Sell) |
|
Investor Protection Fund Trust Charge |
|
Note: DP charges are not applicable in intraday trades.
Groww Intraday Calculator
Here is an example of how you can use the Groww intraday calculator to estimate the real profit or loss of a trade.
Let’s suppose you are selling an intraday order of 10 shares worth ₹1,000 each. Now, here is what you will pay in brokerage for this trade:
|
Category |
Charges |
|
Brokerage Charges |
₹5.00 |
|
STT/CTT |
₹2.5 |
|
Exchange Charges |
₹0.33 |
|
DP Charges |
NA |
|
Stamp Duty |
₹0.00 |
|
SEBI Turnover Fees |
₹0.01 |
|
GST |
₹0.96 |
|
Total Taxes & Charges |
₹8.8 |
|
Turnover |
₹10,000 |
|
Net P&L |
₹9,991.20 |
Let's understand these charges in a little more detail.
- Order Type: Intraday
- Exchange: NSE
- Quantity: 10 shares
- Sell Price: ₹1,000
|
Turnover |
Quantity × Buy Price |
10 × ₹1,000 = ₹10,000 |
|
Total Brokerage |
(0.05% x Turnover) or ₹20, whichever is lower |
(₹10,000 x 0.05%) = ₹5 Since ₹5 is lower than ₹20, applicable brokerage charges will be ₹5 |
|
STT |
0.25% x Turnover |
₹10,000 x 0.25% = ₹2.5 |
|
Exchange Charges |
0.00322% x Turnover |
₹10,000 x 0.00322% = ₹0.33 |
|
DP Charges |
No charges as it is not applicable for intraday trades |
|
|
Stamp Duty |
₹0, as it is not applicable on sell orders |
|
|
SEBI Turnover Fees |
0.0001% x Turnover |
₹10,000 x 0. 0001% = ₹0.01 |
|
GST (Goods and Services Tax) |
18% on brokerage + DP charges + exchange charges + SEBI turnover charges |
18% × (₹5 + ₹0 + ₹0.33 + ₹0.01) = ₹0.96 |
|
Total Taxes and Charges |
Brokerage chargers + STT + exchange charges + DP charges + Stamp Duty + SEBI turnover fees |
₹5 + ₹2.5 + ₹0.33 + ₹0.01 + ₹0.96 = ₹8.8 |
|
Net P&L |
Turnover - Total taxes and charges |
₹10,000 - ₹8.8 = ₹9,991.20 |
So, that is how Groww brokerage charges are calculated for intraday transactions.
Conclusion
Groww is quite popular and offers many financial instruments. It also offers zero account opening and maintenance charges. While you can open your account for free, Groww charges a flat fee of ₹20 per trade or 0.05% for both intraday and delivery equity trades.
If you want to know the exact fees charged by Groww, then you can head to the Groww Brokerage Calculator on Finology Select. No more going into a trade without knowing all the charges!
Be a responsible grahak, with Select. Try out brokerage calculators from 25 top brokers, find detailed information and compare them before choosing a broker. Find the broker that fits you best; after all, having the right broker can affect your investment journey.
