Dhan vs Groww
How Dhan and Groww compare on brokerage, demat AMC and DP charges — verified as of Jun 2026.
By NexMaxo Editorial Team · Charges verified Jun 2026
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Quick take
Dhan gives free equity delivery (₹0) while Groww charges ₹20 or 0.1%, lower (min ₹5), so Dhan is cheaper for delivery-based investing.
Dhan — active f&o and intraday traders who want flat ₹20 pricing, free delivery, and free trading apis.
Groww — beginners and casual investors who want a simple, clean app with zero amc and free direct mutual funds.
Charges side by side
| DhanOpen | GrowwOpen | |
|---|---|---|
| Equity delivery | ₹0 brokerage | ₹20 or 0.1%, lower (min ₹5) |
| Intraday | ₹20 or 0.03%, lower | ₹20 or 0.1%, lower (min ₹5) |
| DP sell / scrip | ₹14.75 | ₹23.6 |
| Account opening | ₹0 | ₹0 |
| Demat AMC | ₹0 lifetime (individuals/HUFs) | ₹0 lifetime (no AMC) |
| Type | Discount | Discount |
Standard published equity plans, verified Jun 2026. Statutory STT, exchange, SEBI, stamp duty & GST are identical across brokers.
Dhan
- Free equity delivery brokerage, ₹0 account opening, and ₹0 lifetime AMC for individuals/HUFs
- Flat ₹20 (or 0.03%, lower) intraday and ₹20 per order F&O — among the cheapest for active traders
- Free DhanHQ trading APIs and TradingView integration at no extra charge, plus advanced options tools
- DP/demat debit charge of ₹14.75 per scrip on every delivery sell
- Call-and-trade (₹50/order + GST) and auto square-off (₹20/order + GST) carry extra fees
Groww
- Zero account-opening fee and ₹0 lifetime demat AMC with no conditions
- Free direct mutual funds plus stocks, F&O, IPO and MTF in one clean, beginner-friendly app
- India's largest broker by active clients (~1.25 crore NSE-active), with TradingView charts and a Groww Lite backup portal
- Equity delivery is NOT free — ₹20 or 0.1% (min ₹5), unlike Zerodha/Dhan which offer zero delivery brokerage
- No call-and-trade facility — no phone order placement if the app/web is down
Dhan vs Groww — FAQs
Dhan gives free equity delivery (₹0) while Groww charges ₹20 or 0.1%, lower (min ₹5), so Dhan is cheaper for delivery-based investing. On intraday, Dhan charges ₹20 or 0.03%, lower and Groww ₹20 or 0.1%, lower (min ₹5). The DP sell charge is ₹14.75 (Dhan) vs ₹23.6 (Groww). Statutory charges are identical across brokers.
Dhan is a discount broker — active f&o and intraday traders who want flat ₹20 pricing, free delivery, and free trading apis. Groww is a discount broker — beginners and casual investors who want a simple, clean app with zero amc and free direct mutual funds.
Either works to start. Look at the demat AMC (Dhan: ₹0 lifetime (individuals/HUFs); Groww: ₹0 lifetime (no AMC)), whether delivery is free, and which app you find simpler. Both hold your shares safely with CDSL/NSDL. This is information, not advice.
This is an informational comparison of published charges, not investment advice. Brokers change pricing and run promotions — confirm current rates on each broker's official charges page before opening. Investing carries market risk.