Groww Charges for Mahindra & Mahindra Financial Services Limited
NSE: M&MFIN · Last Close: ₹319.75 · Sector: EQ
Exact Delivery Cost by Order Quantity (Roundtrip)
| Quantity | Trade Value | Brokerage | STT (0.1%) | Exch+SEBI | Stamp Duty | GST (18%) | DP Fee | Total Cost | Breakeven |
|---|---|---|---|---|---|---|---|---|---|
| 1 share | ₹319.75 | ₹0.64 | ₹0.64 | ₹0.03 | ₹0.05 | ₹0.12 | ₹15.93 | ₹17.41 | +17.41 (5.44%) |
| 10 shares | ₹3,197.50 | ₹6.40 | ₹6.40 | ₹0.20 | ₹0.48 | ₹1.19 | ₹15.93 | ₹30.60 | +3.06 (0.96%) |
| 50 shares | ₹15,987.50 | ₹31.98 | ₹31.98 | ₹0.98 | ₹2.40 | ₹5.93 | ₹15.93 | ₹89.20 | +1.78 (0.56%) |
| 100 shares | ₹31,975.00 | ₹40.00 | ₹63.95 | ₹1.96 | ₹4.80 | ₹7.55 | ₹15.93 | ₹134.19 | +1.34 (0.42%) |
| 500 shares | ₹159,875.00 | ₹40.00 | ₹319.75 | ₹9.82 | ₹23.98 | ₹8.97 | ₹15.93 | ₹418.45 | +0.84 (0.26%) |
Exchange turnover fee calculated at NSE's revised true-to-label tariff (0.00297%). DP charge of ₹15.93 is levied on the sell-leg from Demat.
Intraday Buy & Sell Charges (Square-Off Same Day)
| Quantity | Trade Value | Brokerage | STT (0.025%) | Exch+SEBI | Stamp Duty | GST (18%) | Total Cost | Breakeven |
|---|---|---|---|---|---|---|---|---|
| 1 share | ₹319.75 | ₹0.64 | ₹0.08 | ₹0.03 | ₹0.01 | ₹0.12 | ₹0.88 | +0.88 (0.28%) |
| 10 shares | ₹3,197.50 | ₹6.40 | ₹0.80 | ₹0.20 | ₹0.10 | ₹1.19 | ₹8.69 | +0.87 (0.27%) |
| 50 shares | ₹15,987.50 | ₹31.98 | ₹4.00 | ₹0.98 | ₹0.48 | ₹5.93 | ₹43.37 | +0.87 (0.27%) |
| 100 shares | ₹31,975.00 | ₹40.00 | ₹7.99 | ₹1.96 | ₹0.96 | ₹7.55 | ₹58.46 | +0.58 (0.18%) |
| 500 shares | ₹159,875.00 | ₹40.00 | ₹39.97 | ₹9.82 | ₹4.80 | ₹8.97 | ₹103.56 | +0.21 (0.07%) |
How Groww Compares to Alternatives (100 Shares of M&MFIN)
| Broker | Brokerage Fee | Total Transaction Charges | Difference vs Groww |
|---|---|---|---|
| Groww (Selected) | ₹40.00 | ₹134.19 | — |
| Zerodha | ₹0.00 | ₹86.40 | -47.79 |
| Angel One | ₹40.00 | ₹141.86 | +7.67 |
| Dhan | ₹0.00 | ₹85.81 | -48.38 |
| ICICI Direct | ₹40.00 | ₹141.86 | +7.67 |
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Frequently Asked Questions
What is the brokerage for buying Mahindra & Mahindra Financial Services Limited shares on Groww?
On Groww, equity delivery brokerage for Mahindra & Mahindra Financial Services Limited is ₹20 flat. Intraday trades incur ₹20 or 0.10% per executed order.
How much STT and government tax is charged when buying Mahindra & Mahindra Financial Services Limited?
Statutory taxes include 0.1% Securities Transaction Tax (STT) on buy and sell for delivery, 0.00297% NSE exchange turnover charges, 0.0001% SEBI turnover fees, 0.015% stamp duty on buy, and 18% GST on non-tax services.
What is the breakeven price movement required for M&MFIN on Groww?
For an order of 100 shares of M&MFIN at ₹319.75, the roundtrip transaction cost is ₹134.19, meaning the stock needs to rise by ₹1.34 (0.42%) to break even.