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Overview Overall

"Groww is one of India's fastest-growing platforms and undoubtedly the best platform for brokerage-free Direct mutual funds investment. They have a strong customer base of 90+ lakh users as of Nov 2020. It is also one of the highest-rated App (4.5+) in the Google Play Store and App Store."

  • Brokerage & Other Charges
  • Mobile Trading
  • Research
  • Customer Services

Why Groww?

  •  Groww charge Rs.20 per executed order or 0.05% of order value (whichever is lower) for delivery trade.
  •  Equity intraday trade at Rs. 20 or 0.05% (whichever is lower)
  •  Groww provides mutual funds investment at Zero Fees, No transaction charges,
  •  100% paperless online Demat account opening
  •  128 bit SSL Encryption
  •  Get complete stock analysis with company financials like P&L, Balance Sheet, etc & pick your best shares to buy free of cost
  •  No DP charges on buy.
  •  Highly rated Groww mobile App
  •  Facility to invest in US Stocks

Positives

  •  Free research services
  •  No DP charges on buy & low brokerage.
  •  Commission Free mutual fund investment
  •  Free Demat & Trading account, No charges on account opening
  •  Zero Clearing Charges
  •  Zero Demat AMC Charges
  •  Option to invest online in digital gold.

Needs Improvement

  •  No F&O Trading, Grow does not provide Options & Future Trading.
  •  Does not provide a 3in1 account facility.
  •  Does not provide commodity Trading
  •  Does not provide trading options: Bracket, GTT orders, etc
  •  does not provide Margin trading facilityc
  •  No Call and Trade services
  •  No Margin against shares
  •  Does not offer NRI Trading
Overview :
Groww Review  
Year of Incorporation 2016
Products GROWW MOBILE APP
Demat Services From CDSL
Active Exchange Memberships NSE and BSE
Website https://groww.in/
Contact Details -
Total Number of Clients 324906+
Total Number of Branches -

Groww was launched in 2017 by former Flipkart executives Lalit Keshre, Harsh Jain, Neeraj Singh and Ishan Bansal. Groww started as a platform for buying direct mutual funds. Currently, It has over 6 million registered users and caters to investors across more than 800 cities. It is backed by some of the marquee investors, which include Sequoia, Ribbit, YCombinator, and Mukesh Bansal, among others.

Groww offers investments in Direct mutual funds without any commission or charges, the same happens without paperwork and within minutes. Groww has also taken a community-based approach by starting various groups and channels on the App, keeping in mind that people find it easier to invest when they consult their peer groups.

Special Offer: Free Mutual fund/SIP investment + Flat ₹20 Equity delivery & Intra-day trades. Get the offer

Incorporated in 2016, Initially, Groww was offering only a direct mutual fund investment platform. Last year around the mid-2020s, Groww started expanding its offering to include Equity trading as well. The company also offers Digital gold, US Stocks, and Fixed Deposit as other investment options for its customers

Groww offers a paperless and completely online account opening process that hardly takes 15minutes and is free of cost. Groww additionally doesn't have AMC charges for trading & Demat accounts which helped them to grow much faster than their competition. Currently, they have >3Lacs, Active clients, that they acquired in a couple of months.

Groww is one of India's fastest-growing brokers with a strong customer base of 90+ lakh users as of Nov 2020. It is also one of the highest-rated App (4.5+) in the Google Play Store and App Store. Groww offers both Web & mobile trading platform for seamless trading & investment experience and is secured by 128-bit encryption

Groww is known in the industry for its low-cost brokerage and Zero account opening charges. Groww has a simple pricing structure. They offer equity delivery trades and Intraday trades at a brokerage of 0.05% or ₹20/trade whichever is lower

Groww provides a different- different calculator to their clients like SIP calculator, EMI Calculator, NPS Calculator, Mutual Fund Return Calculator, FD Calculator to help them in taking a better decision

Groww Affiliation Details

  1. CIN : Nextbillion Technology Pvt Ltd : U74997KA2016PTC092879
  2. Groww SEBI registration No : INZ000203082
  3. Groww DP ID: IN-DP-CDSL-417-2019
  4. Grow AMFI Registration no: ARN-111686

Customers Service options offered by Groww

Groww Groww does not offer multiple communication channels to its clients for using the customer's service. We have not seen a live chat facility, customer support email id, or phone number.

  1. Phone Number :
    • Customer Support:
      • 91-91-0880-0604
  2. Email Support: [email protected]
  3. Corporate Office :
    Next billion Technology Pvt Ltd,
    1A-206 Caldra, Divyasree Elan,
    Sarjapur Road, Bangalore,
    Bangalore KA 560035 IN.

Active Client Details Of Groww

  • 324906+ Clients.
  • No Branch Office

Groww Account Opening Charges 2021

Groww Does not charge anything for online account opening for Trading & Demat account. There are no AMC charges on the Trading and Demat account, which means account opening and account maintenance with Groww is completely free

Type Account Opening (One Time) Annual Maintenance Fees (Yearly)
Groww Equity Trading Account Free Free
Demat Account Free Free

Groww Equity Delivery | Intraday Charges 2021

Please find below Groww Brokerage charges for Delivery Trade & Intraday Trades. Groww provides Delivery trade at Rs.20 per executed order or 0.05% of the order value and Groww charges for Intraday are 0.05% or Rs.20/Trade whichever is lower Per Order.

Groww Charges Equity Delivery Equity Intraday
Brokerage 0.05% or Rs.20/Trade whichever is lower 0.05% or Rs.20/Trade whichever is lower
STT 0.1% ON BOTH Buy & Sell 0.025% On the Sell-side
Transaction / Turnover charges NSE : 0.00325%, BSE: 0.00275% each on buy trade & sell trade NSE : 0.00325%, BSE: 0.00275% each on buy trade & sell trade
SEBI Charges 15 Rs/Crore 15 Rs/Crore
GST 18% on (Brokerage + Transaction Charges) 18% on (Brokerage + Transaction Charges)
Stamp Duty 0.015% 0.03%

How to Open Account Online with Groww?

The accounting opening process with Groww is completely online and Paperless with an E-sign option to complete the account opening. Groww also not charge anything for account opening

Below are the steps that need to be followed to open a Groww account online:

  • Login to Groww web/app.
  • Register with your mail id and mobile number./li>
  • Provide your identity details, bank details, personal details like occupation, income, parents name, trading experience./li>
  • Take Picture and Upload your signature on white paper.
  • E-sign based on your Aadhar to complete the account opening process.

In case your mobile number is not linked to your Aadhar number, you can choose to download the AOF and send a physical copy of the AOF to the broker office for verification.

 

 

The Final Thoughts about Groww

Groww has all the things to serve their clients well from Brokerage free trading for Delivery trade, attractive brokerage on Intraday trade, Zero Commission direct mutual fund investment, all kind of trading platforms, MF Investment, Facility to invest in US Stocks but they have to provide all kind of trading facility be it F&O or commodity trading to attract more clients or traders.
Special Offer: Free Mutual fund/SIP investment + Flat ₹20 Equity delivery & Intra-day trades. Get the offer

Groww User Reviews

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