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
dhanOptions-trader-focused broker with powerful features
Best for: Options traders, MTF users, advanced retail
Groww
growwMobile-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.) | ~12.49% p.a. | ~14.95% p.a. |
| AMC (annual) | ₹0 (free) | ₹0 (free) |
Dhan - pros & cons
Pros
- Lowest MTF rate in the segment (~12.49%)
- 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 Zerodha/Dhan)
- 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
Angel One vs DhanAngel One vs GrowwAngel One vs UpstoxAngel One vs ZerodhaDhan vs UpstoxDhan vs ZerodhaGroww vs UpstoxGroww vs ZerodhaUpstox vs Zerodha
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