Groww Latest Fees Update 2025: What's Changing?

Groww, a popular investment platform in India, has recently announced revisions to its pricing structure. This update, effective from June 21, 2025, introduces changes primarily to brokerage minimums and Depository Participant (DP) charges. This blog post aims to provide a detailed breakdown of these changes, compare the current and revised pricing, analyse the potential impact on different types of investors, and offer guidance on how users should interpret these updates. Stay informed to understand how these adjustments might affect your trading and investment costs on the Groww platform.

Table of Contents

• Understanding the Current Groww Brokerage and DP Charges
• Decoding the Revised Groww Pricing (Effective 21 June 2025)
• Detailed Comparison: Current vs. Revised Groww Charges
• Impact Analysis: How These Changes Affect Groww Users
• Groww's Explanation and Our Interpretation
• What Actions Should Groww Users Take?
• Groww vs Other Brokers Comparison

Understanding the Current Groww Brokerage and DP Charges

Before diving into the revised pricing, it's crucial to understand the existing fee structure on Groww. Here's a summary of the charges currently in place:

➡️Current Brokerage Fees: For equity delivery, intraday, and F&O trades, Groww currently charges the lower of:

• ₹20 per order
• 0.1% of the transaction value
• Subject to a minimum brokerage of ₹2 per order.

Want to calculate how this new fee update affects your intraday trades? Use the Groww Intraday Calculator now.

➡️Current DP Charges: DP charges are levied when shares are debited from your demat account, typically during a sell transaction. Groww's current DP charge structure is as follows: ₹18.5 per ISIN per day
This ₹18.5 is further broken down:

• CDSL (Central Depository Services (India) Limited) charges: ₹3.5
• DP (Groww) charges: ₹15

For women investors, there is a slight concession on the CDSL charges:

• CDSL charges (for women): ₹3.25
• DP (Groww) charges (for women): ₹15.25

Key Point: Currently, these DP charges are applied once per stock (ISIN - International Securities Identification Number) on a day when you sell that particular stock, regardless of the number of sell transactions for that ISIN on the same day.

Decoding the Revised Groww Pricing (Effective June 21, 2025)

Groww outlines the following changes to their pricing model, set to take effect on 21 June 2025:

Revised Brokerage Fees: A Slight Increase in Minimum Charge

The brokerage structure remains the same in terms of percentage and the ₹20 upper limit. However, the minimum brokerage per order is being increased:

• Revised Minimum Brokerage: ₹5 per order

Significant Changes to DP Charges: Per Sell Transaction Model

The most significant change lies in how DP charges will be applied. Instead of a per-ISIN-per-day charge, it will now be charged per sell transaction:

• Revised DP Charges: ₹20 per sell transaction

This ₹20 is composed of:

• CDSL charges: ₹3.5
• DP (Groww) charges: ₹16.5

Important Note: Groww mentions that for sell transactions with a value less than ₹100, the DP charges levied by Groww will be ₹0. However, the CDSL charges will still apply.

DP Charges for Women Investors: A Minor Adjustment

The DP charges for women investors will also be on a per-sell-transaction basis, with a slight adjustment in Groww's DP component:

• Revised DP Charges (for women): ₹20 per sell transaction

This is broken down as:

• CDSL charges (for women): ₹3.25
• DP (Groww) charges (for women): ₹16.75

MTF Interest Rates Revised: A Reduction for All

There's a positive change for users of Groww's Margin Trading Facility (MTF). The interest rates are being revised downwards and simplified:

• Current MTF Interest:
  • 15.75% per annum for funded amount < ₹25 Lakhs
  • 9.75% per annum for funded amount > ₹25 Lakhs
• Revised MTF Interest: 14.95% per annum for any funded amount

Groww’s decision to revise its pricing model may also reflect broader business goals and an eventual aim to go public. Catch up on Groww's confidential DRHP and IPO update to see what’s brewing behind the scenes.

Detailed Comparison: Current vs. Revised Groww Charges

To clearly understand the impact of these changes, let's compare the current and revised charges side-by-side:

Impact Analysis: How These Changes Affect Groww Users

The revised pricing structure will have varying impacts on different types of Groww users:

1. Impact on Frequent Traders

Traders who execute multiple sell transactions for the same stock (ISIN) within a single day will likely see a significant increase in their DP charges. Under the current system, they would pay ₹18.5 (or ₹18.25 for women) only once per ISIN per day. With the new per-transaction model, each sell order will incur a ₹20 charge.

2. Impact on Long-Term Investors

Long-term investors who typically buy and hold stocks and execute fewer sell transactions will likely be less affected by the change in DP charges. However, they will be impacted by the increase in the minimum brokerage from ₹2 to ₹5 per order.

3. Impact on Women Investors

While women investors currently enjoy a slightly lower CDSL charge, the overall DP charge per sell transaction will now be the same as for male investors at ₹20. The benefit of the slightly lower CDSL charge is offset by a marginally higher DP charge from Groww under the new structure.

4. Benefit for MTF Users

The revision in MTF interest rates is a positive development for all MTF users. The interest rate has been reduced for those with smaller funded amounts and increased for those with larger amounts, resulting in a unified and generally lower interest rate for most users compared to the previous higher tier.

Still wondering whether Groww is the right platform for you? Dive into our in-depth analysis on whether the Groww App is safe to invest in or not.

Groww's Explanation and Our Interpretation

Groww's email mentions that previously, they covered the DP charges levied by the depository for every sell transaction, and users were charged only once per stock per day. With the revised pricing, they are now passing on these per-transaction DP charges to the users. However, they are offering a concession of ₹0 DP charge from Groww for sell values less than ₹100.

Our interpretation is that this shift aligns Groww's DP charges more closely with the underlying costs they incur from the depository. While the previous model was more favourable for frequent sellers of the same stock on a given day, the new model makes each sell transaction more directly chargeable. The ₹0 DP charge for very small sell values might be a way to mitigate the impact on users selling negligible quantities.

What Actions Should Groww Users Take?

Given these changes, Groww users should consider the following:

• Review your trading patterns: If you frequently execute multiple sell orders for the same stock on the same day, be aware of the potential increase in your transaction costs.
• Optimise your sell orders: Where possible, try to consolidate your sell orders to minimise the number of transactions, especially for larger quantities.
• Factor in the increased minimum brokerage: For smaller order values, the increase in minimum brokerage from ₹2 to ₹5 will have a more significant percentage impact on your overall cost.
• MTF users rejoice: If you utilise the Margin Trading Facility, you will likely benefit from the simplified and potentially lower interest rate.
• Stay informed: Keep an eye out for further communications or clarifications from Groww regarding these changes.

Whether you’re an existing user or just considering Groww for future investments, context is everything. Read our Groww review for a complete overview, including ratings, features, and latest updates.

Groww vs Other Brokers Comparison

To understand how Groww's brokerage fees compare with other top discount brokers, i.e. Zerodha, Angel One, and Upstox. Here's a side-by-side cost breakdown:

Conclusion

The upcoming pricing changes on Groww, effective 21 June 2025, primarily impact the way DP charges are levied, shifting from a per-ISIN-per-day model to a per-sell-transaction model. While this may increase costs for frequent sellers of the same stock within a day, long-term investors will mainly see an increase in the minimum brokerage. The positive takeaway is the reduction and simplification of MTF interest rates.

It's crucial for all Groww users to understand these changes and adjust their trading and investment strategies accordingly to optimise their costs. By being aware of these revisions, you can make informed decisions and continue your investment journey effectively on the Groww platform.

For those still interested in onboarding despite the price shift, the sign-up process remains fairly simple. Here’s how you can open a Groww Demat account in just a few minutes.

FAQs

1. What are the key changes in Groww's pricing effective from 21 June 2025?

The main changes include:

• Increase in minimum brokerage from ₹2 to ₹5 per order.
• DP charges will now be applied per sell transaction instead of per ISIN per day.
• Revised MTF interest rate to a flat 14.95% p.a., regardless of the funded amount.

2. How is the brokerage fee changing on Groww?

The brokerage remains the lower of ₹20 or 0.1% of the transaction value. However, the minimum brokerage is increasing from ₹2 to ₹5 per order.

3. What is the new DP charge structure on Groww?

From 21 June 2025, Groww will charge ₹20 per sell transaction, regardless of the number of shares or ISINs sold. This includes:

• ₹3.5 – CDSL charges
• ₹16.5 – Groww DP charges

For women investors, the split is:

• ₹3.25 – CDSL
• ₹16.75 – Groww

4. What were the DP charges before this change?

Previously, DP charges were levied once per ISIN per day, regardless of the number of sell transactions:

• ₹18.5 per ISIN/day (₹3.5 CDSL + ₹15 Groww)
• ₹18.25 for women investors (₹3.25 CDSL + ₹15 Groww)

5. How does this impact frequent traders on Groww?

Frequent traders who place multiple sell orders for the same stock on the same day will likely incur higher DP charges under the new model, as charges apply to every individual sell transaction.

Reference

- Economic Times: Why is Groww raising brokerage fees