1. What is Groww Equity Brokerage?

Groww equity brokerage is calculated as the lower of 0.1% of trade value or a flat ₹20 per order. This competitive pricing structure makes Groww an attractive platform for equity trading.

2. How Does the Calculator Work?

The calculator uses the Groww brokerage formula:

Where:

• \( Trade\ Value \) — Total value of the trade in INR
• \( 0.1\% \) — Brokerage rate (0.001 as decimal)
• \( 20 \) — Maximum brokerage cap per order in INR

Explanation: The formula ensures that brokerage charges never exceed ₹20 per order, while smaller trades pay 0.1% of the trade value.

3. Importance of Brokerage Calculation

Details: Accurate brokerage calculation helps traders understand their transaction costs, optimize trade sizes, and compare platform fees effectively.

4. Using the Calculator

Tips: Enter the total trade value in INR. The calculator will automatically compute the brokerage charge based on Groww's equity brokerage structure.

5. Frequently Asked Questions (FAQ)

Q1: What is the brokerage cap for Groww equity trades?
A: Groww caps equity brokerage at ₹20 per order, regardless of trade size.

Q2: Is there any minimum brokerage charge?
A: No minimum brokerage - you pay 0.1% of trade value or ₹20, whichever is lower.

Q3: At what trade value does brokerage reach the ₹20 cap?
A: Brokerage reaches ₹20 cap when trade value is ₹20,000 or higher (0.1% of ₹20,000 = ₹20).

Q4: Are there any other charges besides brokerage?
A: Yes, additional charges may include GST, SEBI turnover fee, stamp duty, and transaction charges.

Q5: Does this apply to both buy and sell orders?
A: Yes, the same brokerage structure applies to both buy and sell orders separately.