Groww vs Upstox
How Groww and Upstox 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
Groww charges ₹20 or 0.1%, lower (min ₹5) and Upstox charges ₹20 per order on delivery — so intraday/F&O fees, the DP charge and AMC decide it.
Groww — beginners and casual investors who want a simple, clean app with zero amc and free direct mutual funds.
Upstox — active intraday/f&o traders who want a fast modern app and api, and don't mind ₹20 flat on delivery.
Charges side by side
| GrowwOpen | UpstoxOpen | |
|---|---|---|
| Equity delivery | ₹20 or 0.1%, lower (min ₹5) | ₹20 per order |
| Intraday | ₹20 or 0.1%, lower (min ₹5) | ₹20 or 0.1%, lower |
| DP sell / scrip | ₹23.6 | ₹23.6 |
| Account opening | ₹0 | ₹0 |
| Demat AMC | ₹0 lifetime (no AMC) | ₹0 first year, then ₹300 + GST (₹354)/yr |
| Type | Discount | Discount |
Standard published equity plans, verified Jun 2026. Statutory STT, exchange, SEBI, stamp duty & GST are identical across 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
Upstox
- Flat, predictable pricing: ₹20 per order on delivery, ₹20-or-0.1%-lower intraday, ₹20 flat on options
- Fast, modern Upstox Pro platform with TradingView charts plus a well-documented trading/developer API
- Free account opening and zero AMC in the first year; large, established Tiger Global-backed broker
- Equity delivery is NOT free — ₹20 per executed order, unlike Zerodha/Dhan-style zero-delivery brokers
- Demat AMC of ₹300/yr + GST from the second year (non-BSDA)
Groww vs Upstox — FAQs
Groww charges ₹20 or 0.1%, lower (min ₹5) and Upstox charges ₹20 per order on delivery — so intraday/F&O fees, the DP charge and AMC decide it. On intraday, Groww charges ₹20 or 0.1%, lower (min ₹5) and Upstox ₹20 or 0.1%, lower. The DP sell charge is ₹23.6 (Groww) vs ₹23.6 (Upstox). Statutory charges are identical across brokers.
Groww is a discount broker — beginners and casual investors who want a simple, clean app with zero amc and free direct mutual funds. Upstox is a discount broker — active intraday/f&o traders who want a fast modern app and api, and don't mind ₹20 flat on delivery.
Either works to start. Look at the demat AMC (Groww: ₹0 lifetime (no AMC); Upstox: ₹0 first year, then ₹300 + GST (₹354)/yr), 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.