Fyers vs Groww
How Fyers 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
Fyers charges ₹20 or 0.3%, lower and Groww charges ₹20 or 0.1%, lower (min ₹5) on delivery — so intraday/F&O fees, the DP charge and AMC decide it.
Fyers — active, chart-focused traders who want tradingview-grade charting and free apis; less ideal for buy-and-hold delivery.
Groww — beginners and casual investors who want a simple, clean app with zero amc and free direct mutual funds.
Charges side by side
| FyersOpen | GrowwOpen | |
|---|---|---|
| Equity delivery | ₹20 or 0.3%, lower | ₹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 (currently free | ₹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.
Fyers
- Free account opening and ₹0 demat AMC (currently), with no charge on MF and IPO investments
- TradingView-native charting on Fyers Web plus FYERS One desktop terminal and Insta Options
- Free, well-documented trading API and FYERS Automate for rule-based/algo strategies (no API subscription fee)
- Equity delivery is no longer free — ₹20 or 0.3% (lower) since 1 Oct 2024, so small delivery trades pay 0.3%
- Call & Trade costs ₹50 + GST per order — among the highest of the discount brokers
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
Fyers vs Groww — FAQs
Fyers charges ₹20 or 0.3%, lower and Groww charges ₹20 or 0.1%, lower (min ₹5) on delivery — so intraday/F&O fees, the DP charge and AMC decide it. On intraday, Fyers charges ₹20 or 0.03%, lower and Groww ₹20 or 0.1%, lower (min ₹5). The DP sell charge is ₹14.75 (Fyers) vs ₹23.6 (Groww). Statutory charges are identical across brokers.
Fyers is a discount broker — active, chart-focused traders who want tradingview-grade charting and free apis; less ideal for buy-and-hold delivery. 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 (Fyers: ₹0 (currently free; 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.