Dhan vs Groww
Brokerage, charges, app and account-opening compared side-by-side for Dhan and Groww — the verified numbers, not the marketing pitch.
Who each broker fits
Active traders and cost-conscious investors who want zero-brokerage delivery, low flat F&O pricing, and advanced options/API/TradingView tooling.
Beginner and cost-conscious DIY investors who want a single, simple app for direct mutual funds, stocks, IPOs and F&O at flat, low brokerage.
Dhan vs Groww at a glance
The verified numbers side-by-side — broker size, account cost and headline brokerage on each broker’s default plan. The lower cost (or larger client base) in each row is highlighted. STT, exchange transaction charges, SEBI fee, stamp duty, GST and DP charges apply on top — see the full landed cost on the brokerage calculator.
| Feature | Dhan | Groww |
|---|---|---|
| Active clients (NSE) | 10.52 L | 1.30 Cr |
| Account opening | Rs 0 for Individuals and HUFs | Rs 0 (free demat and trading account opening) |
| Demat AMC | Rs 0 (lifetime zero AMC) for Individuals and HUFs | Rs 0 (no annual maintenance charges) |
| Equity delivery | Free | ₹20 / 0.1% (min ₹5) |
| Equity intraday | ₹20 / 0.03% | ₹20 / 0.1% (min ₹5) |
| Futures | Flat ₹20 | Flat ₹20 |
| Options | Flat ₹20 | Flat ₹20 |
| DP charges (sell side) | ₹12.5 | ₹20 |
| Default plan | Standard | Flat ₹20 |
The apps compared
- Trade equity, F&O, commodity, currency, ETFs and mutual funds in one account
- IPO application and investing
- Charting with technical indicators, stock screeners and watchlists
- Advanced order types including Iceberg, Super Order and basket orders
- Free Demat-cum-trading account with zero brokerage on equity delivery and direct mutual funds
- Stock pledging and margin trading
- Stocks, mutual funds, US stocks, and FDs in one app
- IPO application via UPI
- Direct mutual funds — zero commission, one-tap SIP
- Portfolio tracker with P&L view
Which one should you pick?
No single broker wins for every investor. The right pick depends on what you actually trade — and the “cheaper” broker on one segment can be the more expensive one on another. Use the calculators below to plug in your typical trade size and see the real landed cost for each.
Dhan is a discount broker built for active traders.
Groww is one of India's largest discount brokers.
Frequently asked
What people ask about Dhan vs Groww.
On equity delivery, Dhan charges Free and Groww charges ₹20 / 0.1% (min ₹5). On intraday, Dhan is ₹20 / 0.03%, Groww is ₹20 / 0.1% (min ₹5). On options, Dhan is Flat ₹20, Groww is Flat ₹20. Brokerage is one side of the story — STT, exchange transaction charges, SEBI fee, stamp duty, GST and DP charges also apply. Compare the all-in landed cost on the brokerage calculator before deciding.
Active traders and cost-conscious investors who want zero-brokerage delivery, low flat F&O pricing, and advanced options/API/TradingView tooling. Beginner and cost-conscious DIY investors who want a single, simple app for direct mutual funds, stocks, IPOs and F&O at flat, low brokerage. Beginners typically care more about the app experience and the onboarding flow than the last ₹2 of brokerage — open the apps on the Play Store or App Store and look at the one you would actually use every week.
Yes. SEBI allows multiple trading accounts. Your demat can be with one broker and a separate trading account with another. Many active traders keep two — a low-cost discount broker for execution and a full-service broker for research. Watch the AMC and inactivity charges on whichever account you use less.
Both are SEBI-registered and members of NSE / BSE. Demat sits with CDSL or NSDL — the broker doesn't hold your shares, the depository does. Funds are in a SEBI-regulated client bank account separate from the broker's own funds. The bigger risk to manage is account-level fraud (phishing, OTP sharing), which is identical across brokers.
Open the Groww account online with PAN, Aadhaar and bank details. Then use the CDSL / NSDL "off-market transfer" / DIS or the new EASI-EASIEST transfer flow to move shares from Dhan's demat to Groww's. You don't need to sell anything. Close the old account afterwards to stop the AMC.