All Brokers › Groww vs Upstox

Groww vs Upstox

Complete charge comparison — every fee, calculated. ₹50,000 delivery trade baseline.

Discount
Groww
₹178.71
Total cost on ₹50K delivery trade
VS
Discount
Upstox CHEAPER
₹178.71
Total cost on ₹50K delivery trade
VERDICT — ₹50,000 DELIVERY TRADE
Upstox costs ₹0.00 less on a ₹50,000 delivery trade. Upstox charges lower brokerage on delivery. On an annual basis, Groww saves ₹300 for a long-term investor making 5 delivery trades per month.

Side-by-Side Charge Comparison

ChargeGrowwUpstoxDifference
Delivery Brokerage ₹5–₹20 ₹20 flat Differs
Intraday Brokerage0.1% or ₹200.1% or ₹20Same
F&O Options₹20/order₹20/orderSame
DP Charge ₹20/scrip ₹20/scrip ₹0.0 gap
AMC / year Free ₹300/yr (yr 1 free) Differs
MTF Interest15.75% p.a.18.25% p.a.Differs
API AccessNot offeredFree—
Call & TradeN/A₹88.50—
NetworthNot filedNot filedFinancial strength
Total (₹50K delivery) ₹178.71 ₹178.71 ₹0.00 gap

Annual Cost — Long-Term Investor

GrowwUpstox
Annual cost₹10243/yr₹10543/yr
Cheaper byGroww saves ₹300/year
Choose Groww if you...
  • Beginners
  • Mutual fund investors
  • First-time stock buyers
Choose Upstox if you...
  • Algo traders
  • API developers
  • Equity investors

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Charges sourced from official broker websites and NSE filings. Regulatory charges (STT, exchange fee, SEBI fee, stamp duty = ₹111.24 on ₹50K delivery) are identical at every broker. Budget 2026: futures STT raised to 0.05%, options STT to 0.15%, effective April 1 2026. Always verify current charges before trading. Not investment advice.