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Broker Comparison

Groww vs INDmoney

Compare brokerage charges, account fees, apps, products, MTF, advantages and limitations before choosing a broker.

Data verified: 2026-07-28

About Groww

Groww is an Indian investment and trading platform included in TheShareBrokers broker database. It provides access to listed-market products through its official mobile and/or web platforms. Charges and product availability can vary by segment, account type and selected plan, so users should verify the linked official tariff before making a decision.

About INDmoney

INDmoney is an Indian investment and trading platform included in TheShareBrokers broker database. It provides access to listed-market products through its official mobile and/or web platforms. Charges and product availability can vary by segment, account type and selected plan, so users should verify the linked official tariff before making a decision.

Groww vs INDmoney: Quick comparison

FeatureGrowwINDmoney
Broker typeDiscount / Investment PlatformInvestment Platform / Broker
Account opening₹0Plan/offer-dependent; verify official onboarding page
Annual maintenance₹0Plan/account-dependent; verify official tariff
Equity delivery₹20 or 0.1% per executed order, whichever is lower; minimum ₹5Plan-dependent; verify official tariff
Equity intraday₹20 or 0.1% per executed order, whichever is lower; minimum ₹5Plan-dependent; verify official tariff
Futures₹20 per executed orderPlan-dependent; verify official tariff
Options₹20 per executed orderPlan-dependent; verify official tariff
CommodityAvailable only where enabled by the broker; verify current segment availability and tariff.Available only where enabled by the broker; verify current segment availability and tariff.
CurrencyAvailable only where enabled by the broker; verify current segment availability and tariff.Available only where enabled by the broker; verify current segment availability and tariff.
DP chargesCharged on eligible Demat debit transactions; verify the current per-ISIN tariff on the official pricing page.Charged on eligible Demat debit transactions; verify the current per-ISIN tariff on the official pricing page.
MTFAvailability, eligible securities and interest rate are broker/plan-dependent; verify the official MTF terms.Availability, eligible securities and interest rate are broker/plan-dependent; verify the official MTF terms.
Call & tradeMay attract an additional assisted-order charge; verify the current tariff.May attract an additional assisted-order charge; verify the current tariff.
Customer supportOfficial app/web help centre, ticket, email and/or phone support; channels vary by broker.Official app/web help centre, ticket, email and/or phone support; channels vary by broker.

Groww platforms

  • Groww mobile app and web platform

Products

  • Indian stocks, F&O, IPOs, ETFs and mutual funds

INDmoney platforms

  • INDmoney app and web trading platform

Products

  • Indian stocks, F&O, US stocks, mutual funds, ETFs, bonds, deposits and NPS

Groww pros and cons

Pros

  • Established broker/platform access; integrated Groww mobile app and web platform; broad access to Indian stocks, F&O, IPOs, ETFs and mutual funds.

Cons

  • Charges may vary by plan or promotional period; some segments require separate activation; users should verify the latest tariff and platform availability.

INDmoney pros and cons

Pros

  • Established broker/platform access; integrated INDmoney app and web trading platform; broad access to Indian stocks, F&O, US stocks, mutual funds, ETFs, bonds, deposits and NPS.

Cons

  • Charges may vary by plan or promotional period; some segments require separate activation; users should verify the latest tariff and platform availability.

Which broker should you choose?

Choose based on the segment you trade, total account cost, platform requirements, research needs and support preference. Verify the latest tariff and product availability on the brokers’ official websites before opening an account.

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Frequently asked questions

Is Groww a SEBI-registered stock broker?

Groww operates through a regulated broking entity. Check the current SEBI registration and exchange membership shown on the broker’s official regulatory or disclosure page before opening an account.

What are the brokerage charges at Groww?

Groww brokerage can vary by segment, plan and promotional period. Use the official tariff or pricing page linked in this record and confirm the selected plan during account opening.

Does Groww charge Demat AMC?

Demat maintenance charges may depend on the account type, BSDA eligibility, plan or introductory offer. Confirm the current AMC from the official tariff before applying.

Which products are available on Groww?

The products field on this page lists the major investment and trading segments available through Groww. Availability and activation requirements may vary by user and segment.

Who should consider Groww?

Groww may suit users whose required products, platform features, support model and total charges match their needs. Compare the verified tariff and platform features with at least one alternative broker.

Is INDmoney a SEBI-registered stock broker?

INDmoney operates through a regulated broking entity. Check the current SEBI registration and exchange membership shown on the broker’s official regulatory or disclosure page before opening an account.

What are the brokerage charges at INDmoney?

INDmoney brokerage can vary by segment, plan and promotional period. Use the official tariff or pricing page linked in this record and confirm the selected plan during account opening.

Does INDmoney charge Demat AMC?

Demat maintenance charges may depend on the account type, BSDA eligibility, plan or introductory offer. Confirm the current AMC from the official tariff before applying.

Which products are available on INDmoney?

The products field on this page lists the major investment and trading segments available through INDmoney. Availability and activation requirements may vary by user and segment.

Who should consider INDmoney?

INDmoney may suit users whose required products, platform features, support model and total charges match their needs. Compare the verified tariff and platform features with at least one alternative broker.