Angel OneSEBI INZ000161534
- Account opening
- ₹0
- Demat AMC
- ₹0 year 1, then ₹240/yr + GST
- SME IPOs
- Yes
- Delivery brokerage
- ₹20 or 0.1%, lower
- Cost to sell ₹15,000 of IPO shares
- ₹41.30Brokerage and DP with GST, ours
GrowwSEBI INZ000301838
- Account opening
- ₹0
- Demat AMC
- ₹0
- SME IPOs
- Yes
- Delivery brokerage
- ₹20 or 0.1%, lower
- Cost to sell ₹15,000 of IPO shares
- ₹41.30Brokerage and DP with GST, ours
Where Angel One and Groww differ
2 of the 7 charges we compare differ for an IPO investor.
| Cost to sell IPO shares (ours) | Angel One | Groww |
|---|---|---|
| One mainboard lot, ₹15,000Same at both | ₹41.30 | ₹41.30 |
| Two SME lots, ₹2,50,000Same at both | ₹47.20 | ₹47.20 |
| A year: 12 mainboard lots soldSame at both | ₹495.60 | ₹495.60 |
Ours: brokerage and DP charge with 18% GST. STT and exchange charges are equal everywhere, so they are left out. SME bids are two lots.
- Demat maintenance (AMC): Free in the first year, then ₹60 a quarter plus GST, charged after the… at Angel One, ₹0 at Groww.
- DP charge on selling shares: ₹20 plus GST per scrip at Angel One, ₹3.50 depository at Groww.
The same at both: account opening, Equity delivery brokerage, Mainboard IPOs and SME IPOs.
Angel One vs Groww: charges side by side
Differs 2 of 7 charges differ between Angel One and Groww. Same charges are greyed. ₹0 free Not stated not on the broker's pages
| Charge | Angel One | Groww |
|---|---|---|
| Open an account | ||
| Account opening | ₹0 for residents | ₹0 |
| Demat maintenance (AMC) | Free in the first year, then ₹60 a quarter plus GST, charged after the first trade in a quarter | ₹0 |
| Apply for IPOs | ||
| Mainboard IPOs | Yes, in the IPO section of the app with a UPI mandate | Yes, in the Stocks tab of the app with a UPI mandate. The mandate request arrives within an hour or two |
| SME IPOs | Yes, NSE Emerge and BSE SME IPOs, marked with an SME tag. Allotted SME shares can be sold from the app | Yes, SME IPOs can be applied for on Groww |
| Sell your IPO shares | ||
| Equity delivery brokerage | ₹20 or 0.1% per executed order, whichever is lower, minimum ₹5 | ₹20 or 0.1% per executed order, whichever is lower, minimum ₹5 |
| DP charge on selling shares | ₹20 plus GST per scrip (₹3.50 CDSL and ₹16.50 Angel One; ₹3.25 and ₹16.75 for women) | ₹3.50 depository (₹3.25 for women) plus ₹16.50 Groww per sell, plus GST; ₹0 when the debit value is under ₹100 |
| Registration | ||
| SEBI registration | INZ000161534 | INZ000301838 |
For other trading, call and trade and Margin trading (MTF) interest differ too. Intraday, futures, call and trade and margin charges are on the Angel One and Groww pages.
Angel One and Groww strengths and things worth checking
Angel One
Strengths
- Free first month
- Cheaper dealer orders
- SME IPOs on both exchanges
Worth checking
- AMC after the first year
₹60 a quarter plus GST (₹240 a year plus GST) for a regular demat account.
- Brokerage and DP charge on delivery
Up to ₹20 per order plus a ₹20 plus GST DP charge when you sell.
Groww
Strengths
- ₹0 AMC
- ₹0 account opening
- SME IPOs in the app
Worth checking
- Brokerage on delivery
Up to ₹20 per order (0.1%, minimum ₹5) when you sell IPO shares.
- DP charge on sale
₹20 plus GST each time you sell a stock from your demat account.
Brokerage calculator: Angel One vs Groww
| Charge | Angel One | Groww |
|---|
Ours, with NSE rates. Change the trade to see what Angel One and Groww would each charge.
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Every comparison with Angel One or Groww, or pick any two brokers.
Frequently asked questions
Which is cheaper for selling IPO shares, Angel One or Groww?
Selling one mainboard lot of IPO shares (₹15,000) costs the same ₹41.30 in broker charges at both. For two SME lots worth ₹2,50,000: Angel One ₹47.20, Groww ₹47.20 (our calculation, brokerage and DP charge with GST).
How much would the difference between Angel One and Groww be over a year?
Nothing on selling: 12 mainboard lots of ₹15,000 cost ₹495.60 at both (our calculation). Compare the yearly AMC as well.
Can I apply for SME IPOs on Angel One and Groww?
Both let you apply for SME IPOs.
What is the demat AMC at Angel One and Groww?
Angel One: Free in the first year, then ₹60 a quarter plus GST, charged after the…. Groww: ₹0.
What DP charge do Angel One and Groww take when I sell IPO shares?
For one sale of ₹15,000, with GST: ₹23.60 at Angel One; ₹23.60 at Groww (our calculation). It is charged on each sale from your demat account.