The other day Kunal was very worried about the high brokerage that he has to pay sometimes when he is doing intraday trading. Someone suggested to him that he should have a quick look at Groww Intraday Charges.
If just like Kunal, you are also worried about the Groww intraday charges, then in this article, the majority of your doubts will get resolved. Groww is a discount broker and comes with great brokerage charges when it comes to its competition in the market.
Once you are done with the Groww Account Opening process, these charges and offers will be applicable to your trades.
Let us have a look at the Groww charges so that just like Kunal, you can also resolve your doubts.
Groww Brokerage Charges for Intraday
There is only one plan in Groww and the intraday brokerage charges for the same are as follows:
Groww Intraday Charges
0.05% of trade or ₹20 (whichever is lower)
Let us understand this with the help of an example. Suppose Kunal placed a trade of ₹20,000. So, for the brokerage, he will pay either 0.05% of ₹20,000 or ₹20 flat.
0.05% of ₹20,000= ₹10 which is lower than the flat ₹20 fees, so in this case he will pay ₹10.
Now, let us assume that he placed a trade of ₹50,000. In this case, 0.05% of 50,000= ₹25 which is higher than the flat ₹20, so in this case, he will pay ₹20.
Apart from the brokerage charges, there are other charges as well, which form part of the intraday trading journey in Groww. Let us discuss them one by one.
STT Charges in Groww
STT charges or the securities transaction taxes are charged on the buy and sell-side of the Groww intraday charges. The details for the same are as follows:
Groww STT Charges
0.1% (buy and sell-side)
If you bought 100 shares of ₹200 each and then sold the same for ₹250 each. In this case, you can calculate the STT as:
100 ×200 ×0.1% + 100 ×250 ×0.1% = 20+25
The STT charges on this trade will be= ₹45
Groww Transaction Charges
Apart from the brokerage charges that a broker levies, there are certain transaction charges as well. The transaction charges levied on intraday trades in Groww are as follows:
Groww Transaction Charges
NSE- 0.00345% (Both buy and sell) BSE- 0.00345% (Both buy and sell)
Groww Intraday Margin Charges
The intraday traders always look for a good margin. It is usually an important aspect for them. There have been a lot of changes in the margin after the SEBI circular.
So, if you want to make use of the margin facility while trading, then let us have a look at the Groww intraday margin charges.
There are certain times when you can face difficulties in calculating the exact brokerage that will be levied on your trade. In such cases, you can use the Groww intraday charges calculator, to find the apt charges for your intraday trade.
Most likely Kunal has his doubts cleared now, we hope that yours are too.
Groww offers a discount brokerage plan and comes up with many more benefits that help beginners to trade across segments in a seamless manner. Here it is important to note, that unlike delivery trading there are no DP charges in Groww for intraday trading.
So, if you think that the charges serve your purpose and requirements, open a Demat account with a relevant stockbroker and reap the benefits.
Here is an account opening form for your reference: