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Groww is a leading investment platform in India. It offers various financial products including stocks, mutual funds, futures, options, and intraday trading. Groww’s user-friendly interface and digital-first approach have made it a preferred choice for many first-time investors.
It was founded in 2016 by four former Flipkart employees: Lalit Keshre, Harsh Jain, Neeraj Singh, and Ishan Bansal. The company started operations in 2017 and is headquartered in Bengaluru, India.
Groww is registered with multiple exchanges in India. Specifically, it is registered with NSE and BSE. Groww is indeed regulated by the Securities and Exchange Board of India (SEBI).
The company offers a range of financial services to its users. Groww account opening is free, allowing anyone to sign up and start investing with ease. Groww provides access to various investment options, including stocks, mutual funds, ETFs, IPOs, and US stocks. The platform is easy to use and has helpful learning materials. This makes it great for people who are just starting to invest.
Groww brokerage charges are straightforward. Groww follows a competitive pricing model. For equity trades, wether intraday or delivery Groww charges rs 20 or 0.05% per executed trade whichever is lower. For F&O (Futures and Options) trades, Groww charge a flat fee of ₹20 per executed order, irrespective of the trade value.
This transparent and straightforward fee structure sets Groww apart from many traditional brokers who charge a percentage-based fee. With Groww, you will pay maximum brokerage of rs 20 across all segments.
Groww has established itself as a major player in India’s fintech industry. With over 10,922,660 active users , it has become no. 1 stock broker in India.
Groww offers simple brokerage plan, based on flat free model. For equity trades, including both intraday and delivery, you’ll pay the lower of ₹20 or 0.05% of the trade value per executed order. This competitive pricing applies across all segments.
For Futures and Options (F&O) trading, Groww charges a flat fee of ₹20 per executed order. This straightforward approach makes it easy to calculate your trading costs.
It’s important to note that for intraday trades, if you don’t square off your positions by 3:10 PM, Groww initiates an auto square off for open trades. This incurs a penalty of Rs 50 per position.
Segment | Groww Brokerage Charges |
Equity Intraday | 0.05% or Rs 20 per executed order whichever is lower |
Equity Delivery | 0.05% or Rs 20 per executed order whichever is lower |
Equity Futures | Rs 20 per executed |
Equity Options | Rs 20 per executed order |
Groww Charges | Equity Intraday | Equity Delivery | Equity Futures | Equity Option |
STT/CTT | 0.025% on the sell side | 0.1% both buy & sell | 0.01% on sell side | 0.05% on sell side (on premium) |
Turnover Charges | 0.00345% NSE | 0.00345% NSE | 0.0020% NSE | 0.053% On Premium |
GST | 18% | 18% | 18% | 18% |
Stamp Duty | 0.003% | 0.015% | 0.002% | 0.003% |
Sebi Fee | Rs 10 per Crore | Rs 10 per Crore | Rs 10 per Crore | Rs 10 per Crore |
Groww imposes additional fees for specific services:
Groww also charges for services like demat/remat (₹150 per certification), failed demat transactions (₹50 per ISIN), and pledge invocation (₹20). Investors can access a brokerage calculator on the Groww platform to estimate total costs for their trades accurately.
Groww does not offer exposure or margin for delivery and f&o trades or carry forward positions. However, it offers upto 5x margin on intraday trading. If stocks are highly volatile, margin will be less.
Segment | Intraday |
Intraday | 5x |
Delivery | 1x |
Futures | 1x |
Options | 1x |
Groww also offers margin trading facilities to help you maximize your investment potential. When you use margin trading, you can buy stocks by paying only a portion of the total value. Groww funds the Remaining amount and charges interest on this loan.
Here’s how it works:
It’s crucial to understand that while margin trading can increase your profit potential and buying power, it also comes with significant risks:
To manage these risks effectively:
Remember, Groww may levy additional margin at its discretion to cover any additional risk. Always approach margin trading with caution and clear investment goals.
Groww offers a seamless, paperless, and completely online account opening process. You can open your trading and demat account with Groww for free. It makes an attractive option for new investors.
Account opening charges in Groww are free for all. Demat account maintenance charges are also free with Groww.
To open your account with Groww, follow these simple steps:
Your account is typically activated within a few hours after document verification. You can check your account opening status on the home screen or under “Help & Support >> My Account.” For any queries, you can contact Groww’s customer support at 91-9108800604.
Here is a list of required documents for opening an account with Groww:
Additional points to note:
Remember, Groww might update its requirements from time to time, so it’s always a good idea to check their official website or contact their customer support for the most up-to-date information before starting the account opening process.
Groww offers two primary trading platforms to cater to different investor needs: Groww mobile app and Groww web-based platform. Both platforms provide a seamless trading experience, allowing you to switch between them effortlessly.
The Groww mobile app, available for both Android and iOS devices, is highly rated with a 4.5+ rating on app stores. Key features include:
The app is designed for on-the-go trading, enabling you to manage your investments anytime, anywhere.
The web-based platform offers a comprehensive trading experience with additional features:
Both platforms are interconnected, allowing for a smooth transition between mobile and web trading. Groww provides a range of online calculators to help you make informed decisions, including brokerage, margin, SIP, lumpsum, and mutual fund return calculators.
Groww’s trading platforms are designed to be user-friendly and accessible, catering to both novice and experienced investors. The company is continuously evolving, with plans to introduce new products like US stocks and fixed deposits in the future.
You’ll find several advantages when using Groww for your investment needs:
Despite its benefits, Groww has some limitations you should consider:
Groww’s straightforward approach makes it a suitable choice for long-term investors focusing on stocks and mutual funds. Its simplicity and beginner-friendly features cater well to novices and infrequent investors. However, if you’re looking for advanced trading options or require extensive customer support, you might find Groww’s offerings limited.
Groww has made a significant impact on the investment landscape in India, offering a user-friendly platform for both new and experienced investors. Its simplified pricing model, zero-cost account opening, and diverse investment options have attracted millions of users across the country. The platform’s focus on education and goal-based investing tools helps users make informed decisions about their financial future.
While Groww shines in many areas, it’s essential to consider its limitations, such as the absence of advanced trading features and limited customer support. For those looking to calculate potential costs, the Groww brokerage calculator can be a helpful tool.
Ultimately, Groww’s straightforward approach and commitment to user education make it a strong contender in the digital investment space, particularly for long-term investors and those new to the world of stocks and mutual funds.
To invest through Groww, first open a Groww demat account. Download the app, complete KYC, and fund your account. Explore stocks, mutual funds, and other investment options. Research, select, and invest in your chosen instruments. Monitor and manage your portfolio easily.
Groww offers competitive intraday brokerage charges for stock trading. They follow a flat fee structure of ₹20 per order or 0.05% of the trade value, whichever is lower. This applies to both buying and selling stocks intraday. There are no hidden charges, making it transparent and cost-effective for day traders.
To open an account on Groww, you need:
Groww offers free account opening and maintenance. Here’s a breakdown of the charges:
If you opt for online KYC, your demat account becomes active in less than 24 hours.
Anyone in India, who is 18 years or older can open a demat account on Groww.
Yes, you can apply for an IPO through the Groww app. Groww offers a user-friendly platform for IPO applications. To apply, ensure you have a Demat account linked to Groww. Navigate to the IPO section, select the desired IPO, enter the lot size and bid price, and submit your application. The process is straightforward and convenient.
Groww supports trading during the following sessions:
Groww does not provide stock recommendations or advice. However, they offer smart filters (such as top gainers) and simplified analysis of each stock on their platform to help users make informed decisions before investing.
Groww does not provide stock recommendations or advice. However, they offer smart filters (such as top gainers) and simplified analysis of each stock on their platform to help users make informed decisions before investing.
Both Zerodha and Groww offer a maximum brokerage of Rs 20 per trade and are categorized as discount brokers. However, Groww generally receives higher ratings, with a score of 4.4 out of 5, compared to Zerodha Kite ratings of 3.7 out of 5.
In the event that Groww closes down, your mutual fund investments will remain secure with the respective asset management companies (AMCs), as they are not held by Groww itself. Also your investments in equity are safe, as they are hold by CDSL (Central Depository Services Limited).
Investing through the Groww app is considered safe. The app follows a strict privacy policy that ensures all customer data is kept private, secure, and intact.
Using the Groww app comes with several drawbacks, including limited investment options since commodity and currency derivative products are not available. Additionally, delivery trading is not free, there are no branch offices for offline support, and there is no dedicated customer care phone number.
Yes, you can transfer funds instantly using the Groww mobile app. You can add money to your Groww balance or make separate transactions each time using UPI, Net banking, or NEFT.
Yes, Groww allows online IPO applications through its website. You can apply for an IPO using the UPI gateway, place up to three bids, and cancel or modify your application anytime while the IPO window is open.
To add money to your Groww account:
Yes, Groww allows BTST (Buy Today Sell Tomorrow) orders. This feature enables you to sell stocks before they are delivered to your Demat account.
Currently, Groww offers F&O derivatives trading only in equity segment. As Groww does not provides trading in Currency and Commodity segment.
No, Groww does not provide a call and trade facility. Trading is only available through the Groww website and mobile app.
To use Groww:
Groww charges:
Closing your Groww mutual fund account is an offline process:
Yes, you can access Groww through any PC with a web browser. The Groww website offers stocks, F&O, mutual funds, FDs, and Digital Gold for investment. However, Groww does not provide exe based trading platform for desktop computers. The web platform is secured with SSL certification and 128-bit encryption for safe and secure use.
Groww provides a smoother and more user-friendly app experience, making it suitable for beginners and those who prefer an easy-to-use platform with educational resources. In contrast, Zerodha’s Kite and Kite Web apps have more advanced features, providing to the needs of active traders.
Yes, Groww is a secure platform for investing and trading, helping users to enhance their financial portfolio safely. Your funds are safe with Groww, as Groww reguleted by SEBI.
Investing through Groww is safe as the actual stocks and mutual funds are held with a depository, not directly with Groww or any other brokerage platform. The performance of your investments depends solely on the individual portfolio of stocks and mutual funds you hold.