Is Dhan cheaper than Groww?

Dhan charges ₹0 (free) on equity delivery, ₹20/trade or 0.03% (lower) on intraday, and ₹20/trade on F&O. Groww charges ₹20/trade or 0.1% (whichever is lower), ₹20/trade or 0.1% (lower), and ₹20/trade. MTF interest: Dhan at ~9.99% p.a. vs Groww at ~12.99% p.a..

Which broker is better for MTF — Dhan or Groww?

Dhan's MTF rate is ~9.99% p.a.. Groww's MTF rate is ~12.99% p.a.. On a ₹5 lakh position held 6 months, the cheaper broker saves thousands in interest. See the live MTF rate comparison at /mtf.

Dhan vs Groww — Brokerage, MTF Rates & Features Compared (2026)

Side-by-side comparison of Dhan and Groww across every charge and feature that matters to Indian retail traders. Data verified April 2026. Use the live MTF comparison for real-time rate checks.

Dhan

dhan

Options-trader-focused broker with powerful features

Best for: Options traders, MTF users, advanced retail

Groww

groww

Mobile-first broker with large mutual fund base

Best for: Beginners, mutual-fund-first investors, mobile-only users

Charges compared

Fee / Charge	Dhan	Groww
Equity delivery	₹0 (free)	₹20/trade or 0.1% (whichever is lower)
Intraday	₹20/trade or 0.03% (lower)	₹20/trade or 0.1% (lower)
F&O (flat)	₹20/trade	₹20/trade
MTF interest (p.a.)	~9.99% p.a.	~12.99% p.a.
AMC (annual)	₹0 (free)	₹0 (free)

Dhan — pros & cons

Pros

Lowest MTF rate in the segment (~9.99%)
Zero AMC
TradingView charts built-in
Options chain, strategy builder, backtesting — trader-first features

Cons

Smaller user base than Zerodha/Upstox
Fewer educational resources
App still maturing — occasional UX rough edges

Groww — pros & cons

Pros

Zero annual maintenance charge
Clean, beginner-friendly mobile UX
Unified mutual fund + stocks + FD + gold
Fast account opening (under 10 min)

Cons

₹20/trade on delivery (not free like Upstox/Zerodha)
Limited advanced charting
No desktop terminal as polished as Kite

Which broker should you pick?

Pick Dhan if you fit this profile: options traders, mtf users, advanced retail.
Pick Groww if you fit this profile: beginners, mutual-fund-first investors, mobile-only users.
Use the live MTF comparison to check the cheaper broker for the specific stock you want to margin-trade — rates vary per stock.
Run your expected monthly trading volume through the brokerage calculator to see actual all-in cost (brokerage + STT + exchange fees + GST).

Other broker comparisons

Dhan vs Upstox Dhan vs Zerodha Groww vs Upstox Groww vs Zerodha Upstox vs Zerodha

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