How much Groww charges for intraday trading?
Intraday trading on Groww means buying and selling stocks within the same day. Groww uses a discount brokerage model with flat, transparent pricing. For intraday trades, the brokerage is ₹20 or 0.1% per executed order, whichever is lower. However, remember that other charges apply besides brokerage. These include regulatory fees, exchange transaction charges, STT, Stamp Duty, and GST. Understanding all these costs is vital for accurately calculating your net profit from intraday trading on Groww.
Also Read : How much Groww charges on selling stock
Brokerage:
For each completed order, ₹20 or 0.1% of your trade value—whichever is lower—will be applicable.
If the calculated brokerage is less than ₹2, then a minimum of ₹2 will be charged.
Other Charges (apart from brokerage):
There are certain government and exchange charges that are applicable. Some of the key ones are:
STT (Securities Transaction Tax): Applicable at the time of selling.
Exchange Transaction Charges: Applicable on both buying and selling. This varies depending on whether you’re trading on NSE or BSE.
SEBI Turnover Charges: Applicable on both buying and selling.
Stamp Duty: Applicable only on buying, and it may vary depending on your state.
GST (Goods and Services Tax): 18% GST is applied on all applicable charges.
DP Charges (Depository Participant Charges): Generally not applicable for intraday trades, as the shares do not get credited to your demat account.
Auto Square-off Charges: If you do not square off your open intraday position before the specified time (usually around 3:20 PM), Groww will automatically square it off, and a charge of ₹50 + GST per position will be applied.
Total Charges:
Your total charge depends on your trade value and all the other applicable charges.
Groww’s official website provides a Brokerage Calculator where you can enter your trade value and calculate the total charges in advance.
Example: Intraday Trading ₹1,00,000 Investment – Total Charges Breakdown
Charges in Intraday Trading – ₹1,00,000 Trade Value Example
In intraday trading, you generally need to buy and sell within the same day. The charges are typically applied either on each order or on the total turnover (buy + sell value).
Let’s assume you buy shares worth ₹1,00,000 and sell them later the same day at ₹1,00,000.
So, the total turnover becomes: ₹1,00,000 (buy) + ₹1,00,000 (sell) = ₹2,00,000
Groww Brokerage Calculation:
For each completed order, the brokerage is ₹20 or 0.1% of the trade value, whichever is lower.
On buy: 0.1% of ₹1,00,000 = ₹100 → But lower of ₹100 and ₹20 = ₹20
On sell: 0.1% of ₹1,00,000 = ₹100 → Again, the lower is ₹20
Total Brokerage (Buy + Sell) = ₹20 + ₹20 = ₹40
Other Estimated Charges
(Approximate values for illustration. Actuals may vary slightly depending on exchange rates and other factors.)
STT (Securities Transaction Tax):
Applicable only on sell side in intraday.
0.025% of ₹1,00,000 = ₹25
Exchange Transaction Charges:
Applicable on both buy and sell.
Assume approx 0.003% on ₹2,00,000 = ₹6
SEBI Turnover Charges:
Applicable on both sides.
0.0001% of ₹2,00,000 = ₹0.20
Stamp Duty:
Applicable only on buying.
Assume 0.003% of ₹1,00,000 = ₹3 (varies by state)
GST (18%):
Applied on brokerage + exchange charges + SEBI charges
GST on ₹40 (brokerage) + ₹6 (exchange) + ₹0.2 (SEBI) = ₹46.2
18% of ₹46.2 = ₹8.33
Total Estimated Charges:
Brokerage = ₹40
STT = ₹25
Exchange Charges = ₹6
SEBI Charges = ₹0.20
Stamp Duty = ₹3
GST = ₹8.33
———————————–
👉 Total ≈ ₹82.55
Important Notes:
This is only an approximate calculation. Actual charges may vary slightly.
Stamp duty changes depending on your state.
If you don’t square off your position manually and Groww auto square-offs your order, an extra charge of ₹50 + GST per position will apply.
For accurate results, use the Brokerage Calculator available on Groww’s website where you can enter your trade value and state to get the exact cost.
How much Groww charges for intraday – (FAQs)
What is the brokerage charge for intraday trading on Groww?
For intraday equity trades on Groww, the brokerage is the lower of ₹20 or 0.1% of the executed order value per order (for both buy and sell). If the calculated brokerage is less than ₹2, a minimum charge of ₹2 per trade applies.
Is there a charge if I don’t square off my intraday position?
Yes. If you do not close your open intraday positions before the auto square-off time (typically around 3:20 PM), Groww’s system will automatically square them off. An auto square-off charge of ₹50 + GST is applied per position.
Does Groww charge for account opening or maintenance for trading?
No, Groww offers zero charges for opening a trading and Demat account and does not levy any annual maintenance charges (AMC).
How can I calculate the total charges for my intraday trade on Groww?
Groww provides a brokerage calculator on their website and app. You can use this tool by entering the buy price, sell price, and quantity of shares to get an estimated breakdown of all applicable charges, including brokerage, taxes, and other fees. This helps you calculate your potential net profit accurately.
