Groww

👑 #1 Ranked · India's Largest Broker

Discount Broker · CDSL · NSE / BSE

1.29Cr Active Clients · NSE March 2026

Groww
India's #1 by Active
Clients

Founded 2016 by ex-Flipkart executives — Lalit Keshre, Harsh Jain, Ishan Bansal & Neeraj Singh. India's largest digital investment platform with 28.31% NSE market share, ₹3,902Cr revenue in FY25, listed on NSE/BSE in November 2025.

📅 Founded 2016 🏙️ Bengaluru 📈 Listed Nov 2025 🏦 NSE · BSE · MCX 🏆 #1 Active Clients

📊 View Charges 🌐 Groww Ecosystem

Groww

Billionbrains Garage Ventures · Discount Broker

₹4,056Cr

FY25 Revenue

₹1,824Cr

FY25 Net Profit

₹0

Account Opening

₹20

Max F&O Charge

Charges

4.2

Usability

4.2

Cust. Service

3.4

Trading Tools

4.2

Overall

4.2

Key Metrics

Groww by the Numbers

👥

12.94M

Active Clients Apr 2026

📊

28.31%

NSE Market Share

💰

₹4,645Cr

FY25 Revenue

🏆

₹2,083Cr

FY25 Net Profit

🌱

9 Yrs

In Business Since 2016

⚡

₹0

Account Opening & AMC

📱

50M+

Registered Users

🔁

17M

Active SIPs (Jun 2025)

📊 NSE Active Client Market Share — March 2026 · Top 10 Brokers

Groww ★

28.31% · 1.29Cr

Zerodha

15.08% · 68.9L

Angel One

14.79% · 67.6L

ICICI Direct

4.57% · 20.9L

Upstox

4.35% · 19.9L

HDFC Sec.

2.83% · 12.9L

Kotak Sec.

2.61% · 11.9L

SBICAP

2.55% · 11.7L

Dhan

2.27% · 10.4L

Motilal Oswal

1.69% · 7.7L

★ Groww · Source: NSE India · Data: March 2026, published April 2026 · Total NSE active clients: 4.57 crore (↓7% YoY)

Company Financials

Financial Performance FY21–FY25

Groww's remarkable journey from a ₹107Cr startup to India's largest broker. FY26: Revenue ₹4,645Cr (+19%), PAT ₹2,083Cr (+14%), EBITDA margin 59.1%. IPO listed Nov 2025.

FY21

₹107Cr

Revenue from Ops

Net Profit/Loss−₹242Cr

Active Clients0.78M

Startup Phase

FY22

₹351Cr

Revenue from Ops

Net Profit/Loss−₹239Cr

Active Clients3.85M

+228% Rev Growth

FY23

₹1,278Cr

Revenue from Ops

Net Profit₹449Cr

Active Clients5.78M

Turned Profitable

FY24

₹3,145Cr

Revenue from Ops

Net Loss−₹805Cr*

Active Clients9.5M

*One-time Tax

FY25

₹4,056Cr

Revenue from Ops

Net Profit₹1,824Cr

Active Clients12.9M

IPO Listed Nov 2025

📈 Revenue vs Net Profit/Loss (₹ Crore)

FY21

FY22

FY23

FY24

FY25

Revenue

Net Profit

Net Loss

Balance Sheet FY25

₹4,855Cr

Net Worth

37.6%

Return on Net Worth

≈₹0

Long-term Debt

1,415

Employees (Jun 2025)

Pricing

Brokerage Charges & Fees

Groww charges ₹20 or 0.1% (whichever is lower, min ₹5) for both equity delivery and intraday. F&O and commodity are flat ₹20 per order. Currency trading (NSE CDS / BSE CD) is not available on Groww.

📊

₹20 / 0.1%

Equity Delivery

Whichever is lower · Minimum ₹5 per order

⚡

₹20 / 0.1%

Equity Intraday

Whichever is lower · Minimum ₹5 per order

🔮

₹20

Futures & Options

Flat ₹20 per executed order — both F&O segments

🌾

₹20

Commodity (MCX)

Flat ₹20 per executed order — Futures & Options

💱

N/A

Currency Derivatives

NSE CDS / BSE CD segments not offered

❌ Not Available

📂

₹0

Mutual Funds

Direct plans, zero commission — all categories

Account Charges

₹0

Account OpeningFully free forever

₹0

Annual Maintenance (AMC)Zero yearly fee

₹50

Auto Square-offIf positions not squared

—

Call & TradeNot available

Statutory & Other Charges

Charge Type	Delivery	Intraday	Futures	Options	Commodity (MCX)	Currency
Brokerage	₹20 or 0.1% (min ₹5)	₹20 or 0.1% (min ₹5)	₹20 flat	₹20 flat	₹20 flat	Not available
STT	0.1% (Buy & Sell)	0.025% (Sell)	0.05% (Sell)	0.15% on premium (Sell)	CTT 0.01% non-agri (Sell)	—
Stamp Duty	0.015% (Buy)	0.003% (Buy)	0.002% (Buy)	0.003% (Buy)	0.002% (Buy)	—
Exchange Txn (NSE)	0.00297%	0.00297%	0.0018299%	0.03552%	MCX 0.00210%	—
SEBI Charges	₹10/Crore	₹10/Crore	₹10/Crore	₹10/Crore	₹10/Crore	—
DP Charges (Sell only)	₹3.5 (CDSL) + ₹16.5 (Groww) = ₹20 + GST · ₹0 for debit value <₹100	₹0	₹0	₹0	₹0	—
GST	18% on brokerage + txn	18%	18%	18%	18%	—
IPFT (NSE)	0.0001%	0.0001%	0.0001%	0.0001%	—	—
Auto Square-off	—	₹50 per position	—	—	—	—

🧮 Brokerage Calculator

What You Can Invest In

Product Basket

Groww covers all major investment instruments including MCX commodity trading. Currency trading is not available.

📊

Equity (Stocks)

NSE & BSE listed stocks, intraday & delivery

✓ Available

💹

Mutual Funds

7,000+ direct plans, SIP & lumpsum, ₹0 commission

✓ Available

🎫

IPO Platform

Apply for IPOs via UPI, NFO investments

✓ Available

📉

Futures & Options

Equity F&O with basket orders, option chains

✓ Available

🔷

ETFs

Index ETFs, sector ETFs via NSE & BSE

✓ Available

🪙

Digital Gold

Gold ETFs and gold mutual funds

✓ Available

🌾

Commodity (MCX)

Futures & Options on MCX — flat ₹20/order

✓ Now Available

🏦

Fixed Deposits

Partner FDs via platform, competitive rates

✓ Available

✅ Now Available: Commodity trading (MCX) is live on Groww at flat ₹20 per order. Currency trading (NSE CDS/BSE CD) is not available yet.

Account Types

Types of Demat Accounts on Groww

Groww supports multiple demat account types — from individual investors and HUFs to joint holders and corporates. NRI (NRE/NRO), OCI, and Minor accounts are not yet supported. A waitlist is open for NRI/OCI accounts.

✅ Supported by Groww❌ Not Yet Available

👤

✅ Supported

Individual Account

The Groww Ecosystem

The Groww Digital Investment Platform

Groww has built India's largest retail investment platform — integrating stocks, MFs, IPOs, commodity trading, insurance, lending, and its own AMC for 50M+ registered users.

50M+

Registered Users

12.94M

Active Clients

17M

Active SIPs

1,415

Employees

900+

Cities Covered

🟣 Native Platforms

📱

Groww App

Flagship

Mobile-first all-in-one investment & trading app for stocks, MFs, IPOs and F&O.

StocksMFF&OIPOMobile

One app for all your investment needs — clean, fast, and beginner-friendly with advanced tools

50M+Users

900+Cities

11+Products

83%Organic

📊 Charting: TradingView charts, 100+ indicators, 1min–1month timeframes

🛒 Orders: Market, Limit, Stop-Loss, GTT, Iceberg, basket orders for F&O

📋 Option Chain: Real-time Greeks, IV analysis, open interest charts

⚡ Pledge: Instant pledge of stocks/ETFs to unlock margins

🖥

Groww Web Platform

Free

Full-featured desktop trading experience with advanced charts and order management.

DesktopChartsWatchlistsF&O

Same experience as mobile app, optimised for larger screens with terminal interface

100+Indicators

MultiWatchlists

LiveMarket Data

FreeAccess

🖥️ Terminal View: Integrated charts, positions, watchlists, order window on single screen

💼 Portfolio: Consolidated view of all holdings, P&L, tax summary reports

⚡

915 by Groww

Pro Terminal

Professional web-based trading terminal for advanced & high-frequency traders.

Pro TradingHFTAPIAlgo

Groww's pro terminal — built for advanced traders needing speed and deeper analytics

WebBased

APIAlgo

FastExecution

MultiMonitor

⚡ Speed: Optimised for rapid order execution with low-latency architecture

🔌 API: Algorithmic trading APIs for automated strategy execution

🏦 Financial Products & Services

📂

Groww Mutual Funds

₹0 Commission

7,000+ direct mutual fund schemes with zero commission and SIP management.

Direct PlansSIPNFOELSS

India's go-to MF platform — 1 in 3 new SIPs created nationally through Groww (Jun 2025)

7,000+Schemes

17MActive SIPs

18.5%SIP Share

₹0Commission

💹 Direct Plans Only: Saves 0.5–1% annual returns vs regular plans

🔁 SIP Management: Easy SIP creation, pause, modify, and stop with one tap

🪙

Groww Digital Gold

24K Gold

Buy, sell, and hold 24K digital gold starting from ₹1. Gold ETFs & Sovereign Gold Bonds.

Digital GoldGold ETFSGB

Invest in gold starting ₹1 — fully backed by physical 24K gold in secure vaults

24KPurity

₹1Min. Invest

SecureVaults

LiquidAnytime Sell

🪙 SGBs: Sovereign Gold Bonds during open windows — 2.5% annual interest

📈 Gold ETFs: Exchange-traded gold funds for liquidity and no storage concerns

🏛️

Groww AMC

Own Fund House

Groww's own Asset Management Company offering index funds and ETFs with ultra-low costs.

Index FundsETFsLow Cost

Groww AMC offers passively managed index funds with among the lowest expense ratios in India

SEBIRegistered

IndexFocus

LowExpense

2024Launched

📊 Products: Nifty 50, Nifty Next 50, Liquid Fund, and more passive schemes

Advantages & Disadvantages

Pros & Cons

An honest assessment of where Groww excels and where it falls short.

✅

Advantages

✓India's #1 Broker: 12.94M active clients (Apr 2026), 28.31% NSE market share — largest by active clients.
✓Zero Account Fees: ₹0 account opening and ₹0 annual AMC — completely free to maintain.
✓Best-in-Class UI/UX: Award-winning app design — consistently rated the most user-friendly investment platform in India, especially for beginners.
✓Top MF Platform: 7,000+ direct MF schemes, 17M active SIPs, 18.5% SIP market share nationally (Jun 2025).
✓Commodity Trading Available: MCX commodity F&O now live at flat ₹20/order — expanded reach for commodity traders.
✓Strong Financials: Listed on NSE/BSE (Nov 2025), ₹1,824Cr FY25 net profit, 37.6% RoNW, zero long-term debt.
✓Organic Growth: 83% of users acquired organically — reflects genuine platform trust, not just marketing.

⚠️

Limitations

✗Equity Delivery Not Free: Unlike Zerodha (₹0), Groww charges 0.1% or ₹20 (whichever is lower) for equity delivery.
✗No Currency Trading: Currency derivatives (NSE CDS/BSE CD) are not available — limits platform for forex traders.
✗Weak Customer Support: No phone helpline for general queries. Support limited to in-app chat tickets — rated poorly by users.
✗Limited Advanced Research: No proprietary stock research reports, no screeners or advisory services.
✗SEBI Regulatory Actions: Paid ₹47.85L to settle SEBI cases (2024–25) related to trade outages and AMC expense irregularities.

Expert Ratings

Groww Ratings

Expert assessment across key parameters based on detailed analysis.

4.2

★★★★★

Overall Expert Rating

5★

40%

4★

30%

3★

18%

2★

1★

Brokerage Charges4.5/5

Platform Usability4.3/5

Trading Tools3.8/5

MF Investing4.6/5

Account Opening4.2/5

Financial Safety3.8/5

Customer Service4.2/5

FAQs

Frequently Asked Questions

Everything you need to know about Groww — charges, safety, accounts, products, financials and more.

Is Groww safe to invest in?+

Yes — Groww is SEBI-regulated, CDSL-backed, and now a publicly listed company on NSE & BSE since November 2025.

₹4,855CrNet Worth FY25

≈₹0Long-term Debt

ListedNSE/BSE Nov 2025

✓CDSL Depository: All shares held with CDSL — Groww cannot access or pledge your securities
✓SEBI Regulated: INZ000201239 · CDSL DP registered & audited
✓Listed Company: Publicly traded since Nov 2025 — quarterly disclosures and full investor accountability
✓Fund Segregation: Client funds kept separate from company funds per SEBI regulations
!Note: Groww paid ₹47.85L in SEBI settlement cases (2024–25) — minor relative to its ₹4,056Cr revenue

Is Groww really free? What are the actual charges?+

Account opening and AMC are permanently ₹0 — but equity delivery and intraday carry a brokerage charge with a minimum of ₹5.

₹0Account Opening + AMC

₹20/0.1%Delivery & Intraday (min ₹5)

₹20Max F&O / MCX Charge

✓Account Opening + AMC: ₹0 forever — Groww's biggest edge over Zerodha (₹300/yr AMC) and Angel One (₹240/yr)
!Equity Delivery & Intraday: Lower of ₹20 or 0.1% per order, minimum ₹5 — same structure as Angel One
✓F&O + MCX Commodity: ₹20 flat per executed order — same as Zerodha and Angel One
!DP Charges (Sell only): ₹20+GST per ISIN on delivery sells (₹3.5 CDSL + ₹16.5 Groww) · ₹0 for debit value <₹100
!Auto Square-off: ₹50 per open intraday position squared off by system after 3:10 PM

⚠️ Statutory charges — STT, exchange transaction fees, SEBI charges, stamp duty, and GST — apply on all trades and are identical across all Indian brokers. Budget 2026 update (eff. Apr 1, 2026): STT on Futures hiked 0.02%→0.05%; STT on Options premium hiked 0.10%→0.15%.

How does Groww compare to Zerodha?+

Groww leads in active clients and UI/UX; Zerodha leads on zero delivery charges, trading tools, and product breadth.

Key Differences

★Active Clients: Groww 12.94M vs Zerodha ~6.9M — Groww is ~1.9× larger by active clients (Apr 2026)
!Delivery Charges: Groww ₹20/0.1% (min ₹5) vs Zerodha ₹20/0.1% (min ₹5) — both charge the same since Nov 2024
✓AMC: Groww ₹0/yr vs Zerodha ₹300/yr vs Angel One ₹240/yr — Groww wins on annual maintenance cost
!Currency F&O: Not available on Groww vs ₹20/order on Zerodha
!NRI Accounts: Not supported on Groww vs full NRE/NRO PIS support on Zerodha
✓UI/UX: Groww is widely rated India's most beginner-friendly investment app

Groww: Best for Beginners + MF Zerodha: Best for Active Traders

Is commodity trading available on Groww?+

Yes — Groww now offers MCX commodity trading at flat ₹20 per order. Currency derivatives remain unavailable.

✓ Gold Futures & Options ✓ Silver & Crude Oil ✓ Base Metals & Agri ❌ Currency Derivatives

✓MCX Available: Gold, silver, crude oil, base metals, and agri commodities at flat ₹20/order
!Currency N/A: NSE CDS / BSE CD currency futures and options not available on Groww
iAlternative: For currency trading, Zerodha, Angel One, or ICICI Direct support NSE CDS at ₹20/order

When did Groww get listed on the stock exchange?+

Groww (Billionbrains Garage Ventures) completed its IPO and listed on NSE & BSE in November 2025 — a landmark for Indian fintech.

Nov 2025Listing Date

17.6×Subscribed

₹6,632CrIPO Raised

✓Price Band: ₹95–₹100 per share — listed at ₹114 (14% listing gain on day one)
✓Market Cap: ~₹98,000Cr (~$11 billion) as of early 2026
★Investors: Tiger Global, Sequoia Capital, Ribbit Capital, ICONIQ, and Alkeon
iFirst mover: One of very few Indian discount brokers to be publicly listed — adds transparency & accountability

Does Groww offer mutual funds? What is its SIP market share?+

Groww started as a mutual fund platform and remains India's #1 SIP platform — 1 in 3 new SIPs nationally go through Groww.

7,000+Direct MF Schemes

17MActive SIPs

18.5%National SIP Share

✓Direct Plans only: Exclusively direct MF plans — saves 0.5–1.5% annual returns vs regular plans
✓SIP flexibility: Weekly, monthly, quarterly SIPs with easy pause, modify, and stop
✓All categories: Equity, debt, hybrid, liquid, ELSS, index, and international funds
✓Zero commission: ₹0 transaction charges on all mutual fund investments

What is Groww's customer support like?+

Groww's support is its most-cited weakness — no phone helpline for general users, only in-app chat tickets and email.

!No phone helpline: General users cannot call Groww — phone support only available on specific request
!Chat tickets only: In-app support ticket system — prompt for simple issues but multi-escalation for complex problems
✓Email support: [email protected] — generally responsive within 24 hours for most queries
✓Disability support: +91 9108800604 — dedicated line for assisted account opening

No General Helpline ✓ In-App Chat ✓ Email Support +91 9108800000

💡 For active traders who require frequent support, Zerodha or Angel One may be preferable due to better phone and chat support coverage.

Who founded Groww and what is its background?+

Groww was founded in 2016 by four ex-Flipkart executives who set out to democratise investing for everyday Indians.

★Founders: Lalit Keshre (CEO), Harsh Jain, Ishan Bansal & Neeraj Singh — all former Flipkart product and engineering leaders
★Evolution: Started as MF-only platform (2016) → added stocks (2020) → F&O → IPOs → MCX commodity → own AMC
★Domicile shift: Moved incorporation from US (Cayman Islands) to India in FY24 — triggered one-time ₹1,340Cr tax (FY24 loss)
✓Headquarters: Bengaluru, Karnataka — operates as Billionbrains Garage Ventures Ltd

Tiger Global Sequoia Capital Ribbit Capital ICONIQ + Alkeon

Final Verdict

Groww: Best for Beginners & MF Investors

Groww is India's most popular investment platform by active clients — and for good reason. Its superb UI, zero account fees, and direct MF access make it the top choice for first-time investors and SIP investors. It now offers commodity trading on MCX at ₹20/order, expanding its reach. However, it charges for equity delivery (unlike Zerodha's free delivery), lacks currency trading, and has weaker advanced tools and customer support.

🏆 India's #1 Broker ✅ Best UI in India ✅ IPO Application ✅ Zero AMC ⚠️ Delivery Charges ❌ No Currency

📊 View Charges

Overall Expert Score

Brokerage Charges

4.5

Platform Usability

4.3

Trading Tools

3.8

MF Investing

4.6

Account Opening

4.2

Financial Safety

3.8

Customer Service

4.2

Overall Expert Score4.2/5

WhatsApp Us

GrowwIndia's #1 by ActiveClients

Groww by the Numbers

Financial Performance FY21–FY25

Brokerage Charges & Fees

Product Basket

Types of Demat Accounts on Groww

The Groww Ecosystem

Pros & Cons

Groww Ratings

Frequently Asked Questions

Groww: Best for Beginners & MF Investors

Groww
India's #1 by Active
Clients