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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
Check reviews of other Share brokers

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 gold etfs, SGBs & gold funds

Needs Improvement

    •  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 facility
    •  No Call and Trade services
    •  No Margin against shares
    •  Does not offer NRI Trading
Special Offer: Invest brokerage-free Equity Delivery and Direct Mutual Funds (truly no brokerage). Pay flat Rs 20 per trade for Intra-day and F&O. Open Instant Account online with Zerodha and start trading today.
Overview :
Groww Review  
Year of Incorporation 2016
Products GROWW MOBILE APP
Demat Services No
Active Exchange Memberships NSE and BSE
Website https://groww.in/
Contact Details -
Total Number of Clients 4,268,383
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.

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 15 minutes 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 30+ Million as of June 2022. It is also one of the highest-rated App (4.6+) in the Google Play Store and App Store. Groww offers both Web & mobile trading platforms 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 calculators to their clients like SIP calculators, EMI Calculator, NPS Calculator, Mutual Fund Return Calculator, and 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

Customer's Service options offered by 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

  • 4,268,383+ Clients.
  • No Branch Office

Groww Account Opening Charges

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

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%

Groww F&O Brokerage Charges

Please find below the Brokerage Charges list for Equity Futures and Equity Options charged by the Groww. Groww provides Equity future Trading & Options Trade at a Flat ₹20/executed.

Charges Equity Future Equity Option
Brokerage Flat ₹20 per executed order Flat ₹20 per executed order
STT 0.01% On the Sell-side 0.05% On the Sell-side (ON PREMIUM)
Transaction / Turnover charges 0.002% 0.053%
SEBI Charges 0.00005% (₹5/Crore) 0.00005% (₹5/Crore)
GST 18% on (Brokerage + Transaction Charges) 18% on (Brokerage + Transaction Charges)
Stamp Duty 0.002% 0.003%

Groww Mutual Fund Fee Structure

At The Time of Buying

For SIPs Nil Nil
For Lumpsum Investment Nil Nil

At The Time of Selling / Switching

For SIPs Nil Nil
For Lumpsum Investment Nil Nil

Groww Margin Exposure

Groww margin for intraday trading is up to 20% of trade value (max 5x leverage) based on the stock. Groww F&O intraday trading margin is 1.3x across Equity, Currency, and Commodity trading at BSE, NSE, and MCX. There is no additional margin offered for Groww F&O carry forward positions and equity delivery trades.

Segment Margin Leverage
Equity Delivery 100% of trade value 1x
Equity Intraday Up to 20% of trade value 5x
F&O (Equity, Currency, and Commodities) 100% of NRML margin (Span + Exposure) 1x

How to open an 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 does 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.
  • Provide your identity details, bank details, and personal details like occupation, income, parent's name, and trading experience.
  • 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's 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  Currency or commodity trading to attract more clients or traders.
Zerodha Special Offer:

Free Equity Delivery Trading and Mutual Funds

  • Brokerage-free Equity Delivery and flat Rs 20 per trade for Intraday & F&O +
  • Brokerage-free Direct Mutual Fund investment +
  • Trade with the best trading platform in India.

This is a limited-time offer. Open Instant Zerodha Account online and start trading today.

Frequently Asked Questions:

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