Join millions of Groww App users and start investing in mutual funds, stock trading, ETFs, IPOs, and F and O trades. Check live NSE Nifty 50 and BSE Sensex share prices, as well as stock technical charts and indicators, open a free Demat account, and begin trading in the stock market. Investing in mutual funds, fixed deposits, Indian equities, US stocks, IPOs, and trading F & O has never been easier, faster, or safer than with Groww.
Enjoy hassle-free paperless onboarding and invest in popular mutual funds, equities, FDs, and IPOs in a matter of minutes from the comfort of your own home. Invest in any direct mutual fund via SIP or lump amount at no cost and with no commission.
If you are currently an investor, consider switching your regular investment strategy to direct mutual fund plans to achieve higher returns. Groww is a simple Demat & stock trading program that allows you to build a free Demat account and trade listed stocks in the share market at a low stock order brokerage.
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Groww Mobile App Review & Ratings
Highlights of Groww
- Direct mutual funds with no commissions.
- The maximum commission per trade is Rs 20.
- Online account opening is instant and paperless.
- Customer awareness can be achieved through educational and informative blogs and eBooks.
- The ability to transfer from an external regular mutual fund to a direct mutual fund.
- It also allows you to invest in US stocks, digital gold, and corporate FDs.
About Groww Mobile App
Groww is working on offering easy, fast, and convenient mutual funds and stock market investment through its Groww Mobile Trading App. Groww, a new addition to the field of discount brokers, introduces the app, which is swiftly catching up on the pace of making it high in the sector.
The company was founded in 2016 and has swiftly established a distinct position in terms of a viable investment medium. The software is now ready for use after registration, which is completely paperless. The Groww app serves as a one-stop-shop for the best mutual funds and equities. It only takes a few minutes to invest in mutual funds and business stock; it is that simple and quick.
The App serves as a portal for checking share prices in real-time and continuing with the trading process in order to maximize profits from the stock market. The app is created in a straightforward manner, making everything easier for investors. Investment options are extended and presented in a straightforward manner, allowing investors to quickly grasp the investment process.
Top Features of Groww App
Groww Mobile Trading App facilitates investment in BSE and NSE listed equities, as well as direct mutual funds. The app provides a full-fledged stock market investment experience. Make a list of the most appealing aspects.
The login page would be the first display of the downloaded mobile app. We will return to the Groww App login and setup process in the parts provided later in this post. Following that, when you successfully log in to the app, you will view the dashboard for the first time.
You may browse through all of the app’s options, and you’ll also get a demonstration of the app’s functions. The dashboard will provide you with a rapid overview of your investments as well as a variety of other resources. You may view thorough analysis of your investments as well as all ongoing deals. The dashboard’s tools make the experience even easier.
Market data provided in Real-Time basis
On the basis of real-time monitoring, you will be able to invest in stocks. The app’s price data swing in real-time, allowing you to easily track stocks and implement plans. The real-time data allows you to conduct research on the stock you’re considering as well as compare it to other potential investments. The shares are listed on both the BSE and the NSE. You can view according to your preferences and then establish a MarketWatch to keep track of your favourite stocks.
Fewer order placement steps
The process of investing in mutual funds is as simple as a mouse click. The organization even offers ready-made rapid mutual fund strategies, allowing clients to participate immediately.
On the contrary, purchasing or selling shares is as simple as a single mouse click. This is how easy the investment procedure is using Groww App.
Customized watch lists
You have the option of generating personalized market watch lists, which is really convenient. You can use this page to search for and add stocks that interest you. By constantly watching the real-time performance of the shares, you can make an informed and successful investment decision.
You may also conduct stock analysis using the app, which gives corporate financials such as P&L, Balance Sheet, and other important financial data.
The charts in the app are well crafted while remaining simple. They also display the mutual funds’ or stock’s historical performance, as well as all of the information you need to make an investment decision.
There is also a part of stock market news with the most recent financial news and insights. You will also receive daily updates on top gainers, top losers, and top market capitalization. A means for comparison is also supplied for peer comparison.
Safety is the priority
The program includes 128-bit SSL Encryption, which is a high level of encryption that is used with each transaction. This assures that every transaction is secure and that there are no roadblocks in the future. This standard is identical to banking requirements, and so the security is similar.
Groww Brokerage Plan
Groww operates on a fixed brokerage basis, charging a flat fee of Rs 20 per executed order for Equity Delivery, Intraday, and F&O trading. Across all trading categories, the maximum brokerage chargeable per order is Rs 20.
|Trading Segment||Brokerage Charges|
|Equity Delivery||Rs 20 per trade (or 0.05% whichever is lower)|
|Equity Intraday||Rs 20 per trade (or 0.05% whichever is lower)|
|Equity F&O||Rs 20 per trade|
In addition to the brokerage, you must pay other transaction and regulatory fees, as well as Demat fees. Groww also levies the following fees: Charges for auto square off Rs 50.
Groww Trading Software (Groww Trading Platforms)
Groww provides its consumers with the option of trading via mobile and web. An investor can switch between the Groww app and website with ease. Because Groww began as a mutual fund investment platform, the Groww app and website are best known for mutual fund investments. The company recently commenced equity trading in June 2020.
The company is working on new products like US stocks, fixed deposits, and digital gold to be offered in a staggered manner to the web and mobile app and is rapidly growing with expanded features. The company does not have a desktop trading terminal that may be installed. It also does not provide call and exchange services.
Groww Mobile App
Groww’s mobile trading platform allows you to trade from anywhere at any time. Customers are given the opportunity to invest in equity and mutual funds at no cost. Groww is a safe and secure software with a slew of features such as line and candlestick charts that illustrate price fluctuations, one-click buy/sell, free stock investment articles and videos for novices, complete company information, and so on.
Groww Website version
Groww website platform is a web-based trading platform that offers its consumers a rewarding online trading experience. Clients can use this platform to research stocks, mutual funds, digital gold, place orders online, follow transactions, and invest in IPOs. The website has tools, Ebooks, and blogs that give educational and general stock market knowledge.
What are the must-haves for registering on the Groww App?
You may quickly sign up for the Groww App. You only need a few crucial documents, which are:
- Aadhar Card
- Pan Card
- Bank Detail
- Internet Banking
- Google Account / Gmail
How to set up Groww Mobile App?
The Groww app is fairly simple to set up, especially if you are familiar with mobile phones and applications. If you still need assistance with installing the app for the first time, here is what you should look at.
- Visit the app store for the operating system of your mobile device. For example, Android users must visit the Google Play Store, whereas iOS users have access to the App Store.
- When you open it, choose the search option and enter the keywords “Groww App” into the box provided.
- You should now be able to see the app in an instance, after which you should select the Install option.
- As a reminder, Groww clients are the only ones who can use the application, thus you must join up for their demat account service to obtain the log in id and password.
- You are ready to begin if you already have the log in id and password. When you reach the log in page in the app, input your credentials and click the log in button. For further security, the app will offer you to reset the password; do so.
- You will now view the app’s dashboard, which contains all of the trading options. The software will even take you on a quick tour of all the available alternatives.
How To Own Groww Mobile Trading App?
The program is quick and simple to use, but for beginners, you must open a Groww Demat account. The Groww Demat account will guide you through the Groww log in process. The software was created just for the company’s clientele, and it promises to service that group only.
Opening a Demat and trading account is completely free for everyone, so you can use their services without incurring any costs. They also provide online KYC, which is completed once and results in the creation of an account that is ready to use within a few minutes.
You can refer to various fees and brokerage that you are required to pay. Among other things, we have articles dedicated to educating individuals about the charges and processes.
You can use any of these depending on your needs. When you open a Groww Demat and a Groww trading account, you will be able to possess the Groww App.
If you do not already have an account, proceed to the next step.
- Kicking Begin the procedure by clicking the “Open Demat Account” button at the bottom of the page.
- Fill out the quick pop-up and submit it when you see it.
- Your information will be forwarded to company staff, who will walk you through the process of opening a trading account.
- Provide the requested documents and locate the KYC process, which is essential for investor verification.
- When the KYC procedure is completed and your account is created, the company will provide you the Groww Trading Apps log in information.
- When you have the necessary credentials, you can proceed with the processes outlined above. You may download the program, log in, and begin your trading journey with Groww.
Groww Pros and Cons
|Simple pricing scheme. The brokerage fee is Rs 20 for each trade.|
There is no account opening charge.
There are no Demat AMC fees.
Account creation is instantaneous and paperless.
Online IPO registration.
Direct Mutual Funds is a platform that allows you to earn an additional 1.5 per cent return.
Option to invest in digital gold online.
Trading in SME shares is now possible.
|There are few investment products available, and there is no chance to trade in the commodity or currency segments.|
There are no Call and Trade services.
Do not provide stock recommendations, research reports, or stock advice.
There is no branch support.
There is no margin trading facility.
There is no margin against shares.
Advanced order types such as BO, CO, AMO, and GTT are not supported.
The Groww app does not support trailing stop-loss orders.
Do not provide NRI trading.
There are no SME IPOs available.
How to invest in Groww?
To begin investing with Groww, you must first open a trading and Demat account with Groww via the web or mobile app. Groww provides free account creation. When your trading and Demat accounts are ready, you can log in to your account and begin investing.
To invest in mutual funds, go to the mutual fund’s tab, select the desired mutual fund depending on your risk profile, and then click Invest Now and make the payment via SIP or lumpsum mode, as applicable for the selected scheme.
To invest in stocks, go to the Stocks tab, select the stock you want to purchase or sell, and then make your order by entering the necessary quantity. Before you place the order, make sure you have the necessary dollars or securities in your account.
How to close a Groww account online?
Groww accounts cannot be terminated online. Download the account closing form and return the completed physical form to the broker’s office. Close the Groww account in three easy steps.
- Download the Equity Demat & Trading Account Closure Form from the Groww website’s Download Forms section.
- Fill in the Client ID, correspondence address, and reason for closure.
- Send the signed form to the broker office at the address specified on the account closure form.
Before beginning the closure process, make sure to pay any outstanding debts and transfer any securities in the Demat account (if any) to another Demat account.
What are the payment options available at Groww?
Groww provides investors with a variety of payment alternatives that make trading simple and comfortable. Groww accepts the following payment methods:
- Use UPI or Net Banking to transfer funds to Groww Balance.
- Use NEFT or Net banking to transfer funds transaction per transaction.
- Setup To automate your SIP instalments, use a one-time SIP mandate with Autopay by OTP or Autopay via Form.
How to delete Groww Demat account online?
It is not possible to delete a Groww Demat account online. The completed and signed physical account closing form must be submitted to the broker’s Banglore office. Please ensure that any securities in the Demat account are sold or transferred to another Demat account.
Also, make certain that all outstanding debts are paid. When the account is successfully closed, you will receive an email confirmation from CDSL (depository) and Groww.
How to transfer funds to Groww?
Groww balance is an internal balance account that Groww uses to make trading and investing easier and more convenient for investors.
Steps for transferring funds to your Groww balance:
- Groww can be accessed via the web or the mobile app.
- Under your Groww account profile, click ‘You.’
- Select ‘Add Money.’
- Select the desired payment method from UPI or Net banking.
- If you choose UPI, enter the UPI ID and approve the mandate. If you choose Net Banking, you will be taken to your bank’s website to execute the transaction.
- When the payment transaction is complete, tap the ‘okay’ button on the Groww app.
Your Groww balance is increased by the amount transferred, and you are ready to invest with a single click.
Groww’s valuation grows to $3 Bn after $251 Mn Series E round
Investing app for Millennials Groww has raised $251 million in a Series E fundraising round led by Iconiq Growth, valuing the company at $3 billion. Existing investors such as Sequoia Capital, Tiger Global, Ribbit Capital, and YC Continuity joined the round, which also included new investors such as Alkeon, Lone Pine Capital, and Steadfast.
The company’s worth has tripled in six months to $3 billion after raising $83 million in its Series D fundraising round led by Tiger Global to become a unicorn. This round was first reported on by Entrackr. Groww has raised around $400 million to date.
The new cash will be used to enhance the company’s technology infrastructure and extend into underserved markets. Groww will also utilize the funding to spread the word about investing in goods. It is worth noting that, in addition to Groww, Tiger Global is a shareholder in some of its main competitors, including INDMoney and Upstox.
Other important competitors for the company include Zerodha and Paytm Money, among others. Users can invest in mutual funds, stocks (including futures and options), digital gold, and fixed deposits with Groww. Recently, the company launched a program that allows customers to invest in US stocks.
The company claims to have over 20 million users, with roughly 70% coming from tier 2 and 3 cities. While Groww is yet to file its annual report for FY21, according to Fintrackr, the company’s earnings increased 4.7X to a little over Rs 1 crore in FY20 from Rs 20.14 lakhs in FY19.
However, the company’s losses more than tripled to close to Rs 8 crore in FY20, up from Rs 23 million in FY19. To accommodate the growing scale, the company put money into its operations, and as a result, total expenses grew 20.3X to Rs 8.92 crore in FY20 from less than Rs 45 lakhs in FY19.
The most popular service used by investors on Groww is mutual fund distribution, which accounted for 54 per cent of operating revenue and the company’s largest collections in FY20.
Is Groww SEBI Registered?
Groww, fortunately, is a SEBI-registered advisor situated in Bangalore under the name Finvantage Investment Adviser Private Limited. The company’s registration number is INA20008981. You can view their Certificate of Registration with SEBI as well as their Certificate of Registration with AMFI and BSE.
Is the Groww app safe?
The Groww app is completely safe and dependable. They state on their website that the user’s data is completely secure, and they use bank-grade security safeguards on their platform. It transacts through the BSE Star MF platform, therefore all of your transactions are with the appropriate mutual fund AMC. So, if Groww ever goes out of business, you can still continue your investment through the AMC.
Groww Customer Care Number
You can contact the Groww customer service staff via their Help page, or you can email them directly at [email protected] There is also a live chat option on the platform, which allows you to connect with a customer service professional in real-time.
Groww has done an excellent job of delivering a full-fledged investment app for its consumers, as evidenced by the app’s presentation. Another factor to evaluate about the app is the rating it has received from its current customer base.
At the moment, the app has a 4.4-star rating in the Google Playstore, indicating how effectively it works for investors. Considering all of the features and benefits of the Groww app, we can safely state that the app is a wonderful source of investment.
Frequently Asked Questions about Groww
What are the Documents Required to invest in Stocks on Groww?
Groww makes investing in stocks simple and straightforward. It is extremely simple and quick to open a trading and Demat account on Groww. You only need to e-sign with your Aadhaar number.
After you’ve unlocked your stocks, you’ll be prompted to enter your Aadhaar number and the OTP received on the cellphone number associated with your Aadhaar.
How much time is required to Activate Stocks Account on Groww?
Once the onboarding procedure is complete, it takes up to 24 hours to authenticate and activate your Groww account for stocks.
What Are the Types of Orders Available on Groww?
Groww accepts the following kinds of orders:
Market order: An order to purchase or sell a stock instantly, with the execution price being at or near the asking price (for buy orders) and current bid (for sell orders).
Limit order: An order to purchase or sell a stock at a certain price or lower (for buy orders) and higher (for sell orders) (for sell orders).
Is Groww good for Beginner investors?
Yes, beginners should try investing with Groww. One of the most significant benefits you will receive is a low-cost brokerage investment. They also provide details, investing suggestions, and various reports, allowing you to make an informed investment selection.
How is the Customer Support at Groww?
You can contact Groww’s customer service department through a variety of channels. Chat and email assistance are two of the company’s rapid choices.
How to Buy Shares via Groww App?
Purchasing shares with the Groww app is as simple as a single click. You must retrieve the buy option from the order placement area and enter the order placement data. Your order will be registered as soon as you click the Buy button.
Does Groww App have EKYC Feature?
Yes, the company includes an EKYC feature in the app for new users. Anyone can open a new Demat account in just a few minutes by going through the EKYC process in the app. All you need to do is maintain scanned copies of your documents on hand.
Is Groww App Free to use?
Yes, using the Groww app is completely free. There is no payment for using the app, which is a benefit because it reduces the costs for traders and investors. Other expenses, such as brokerage, AMC, and other comparable account and product-related fees, will remain.
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