Groww FAQs (Frequently Asked Questions)


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Groww is a Bangalore based broker offering online flat fee discount brokerage services to invest in Equity, IPO, and Direct Mutual Funds. Groww is the brand name for Nextbillion Technology Private Limited who is a SEBI registered stockbroker and a member of NSE and BSE. Established in 2016, Groww initially started as a direct mutual fund investmen... Know more about Nextbillion Technology pvt ltd

Do you have questions about Groww share trading account or Groww Demat account?

Get all your share trading doubts and questions answered by reading the Groww demat, trading account information FAQ. All Groww questions, Groww q&a, Groww faq and Groww questions and answers.

Frequently Asked Questions

  1. 1. Can I transfer the funds using a mobile app in Groww?

    Yes, you can transfer funds in Groww instantly and add to the Groww balance or make a separate transaction each time through the Groww mobile app using UPI, Net banking, or NEFT.

     

  2. 2. Does Groww allow IPO?

    Yes, Groww allows online IPO application to its customers through the Groww web.

    The investors can apply for an IPO through the Groww website using the UPI gateway. You can place up to three bids and cancel or modify your IPO application anytime till the IPO window is open.

     

  3. 3. Does Groww allow BTST?

    Yes, Groww allows BTST orders (Buy Today Sell Tomorrow) that enable you to sell the stocks before you get their delivery in your Demat account.

    As a general rule, the trades follow a T+2 settlement cycle. Hence if you buy a stock today, the shares get credited to your Demat account only after two days starting from the T-day post which, you can sell them. However, BTST allows you to sell the shares even before they get credited to your account and thus enables you to take benefit from the short-term price volatility. It is also important to note that BTST involves the risk of short-delivery for which you can get penalized by the exchange.

     

  4. 4. Does Groww have derivatives trading?

    No, Groww does not offer F&O derivatives trading as of now. The company is working on its development and is planning to launch it soon.

    Currently, Groww offers Stocks, Mutual Funds, IPO, and digital gold as investment options.

     

  5. 5. Does Groww offer call and trade?

    No, Groww does not have a call and trade facility for its investors.

    Currently, Groww offers to trade only via the Groww website and Groww mobile app.

     

FAQs

  1. What is AMC for Groww?

    Groww charges Rs 0 Annual Maintenance Charge (AMC) for a trading account and Rs 0 for a Demat account. AMC is charged to maintain the accounts.

  2. How much Groww charge for delivery?

    Groww charge Rs 20 per executed order or 0.05% whichever is lower for equity delivery trade. These trades are also known as cash & carry trades or CNC.

  3. How much Groww charge for intraday?

    Groww charge Rs 20 per executed order or 0.05% whichever is lower for intra-day trades. These orders are also known as Margin Intraday Square-up or MIS orders. All open intraday orders are auto squared-off at the end of the day. Extra leverage is offered for these trades.

  4. How much Groww charge for futures?

    Groww charge NA for equity, currency and commodity futures trading.

  5. How much Groww charge for options?

    Groww charges NA for equity, currency and commodity options trading. Options are highly leveraged derivative products. Options trading is used in many ways including hedging or to reduce the risk exposure of the portfolio.

  6. How much Groww charge for commodity?

    Groww brokerage charges for commodity futures is NA and commodity options is NA. Commodities futures are agreements to buy or sell raw material (food, energy or metal) at a specific date in the future at a particular price. Commodity options contracts are the right to buy (call option) or sell (put option) underlying commodity futures at predetermined prices on the date of contract expiry.

  7. How much Groww charge for currency trading?

    Groww charge NA for currency futures trading and NA for currency options trading.

  8. What are transaction charges in Groww?

    Transaction Charges (or Exchange Turnover Charges) is a fee charged by the stock exchanges for trades done through them. Most brokers include clearing charges to it. These charges can be seen in the contract note.

    Groww Transaction Charges 2021
    SegmentTransaction Fee
    Equity DeliveryNSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
    Equity IntradayNSE Rs 325 per Cr (0.00325%) | BSE Rs 300 per Cr (0.003%) (each side)
    Equity FuturesNA
    Equity OptionsNA
    Currency FuturesNA
    Currency OptionsNA
    CommodityNA
  9. Does Groww offer IPO?

    Yes. Groww offers online IPO applications to its customers. Initial Public Offer (IPO) offers an early opportunity to buy shares of companies that are not previously traded publicly.

  10. Does Groww offers Mutual Funds?

    Yes. You can buy/sell Mutual Funds if you have an account with Groww.

  11. Do Groww offer margin funding for share/commodity trading?

    No. Groww doesn't provide margin funding.

  12. What is Groww intraday auto square-off time?

    Groww auto square-off all open intraday positions at 3:10 PM.

  13. Does Groww provide trading tips or investment strategies?

    No. Groww doesn't provide trading tips for stock and commodity trading to its customers.

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Information on this page was last updated on Thursday, February 18, 2021


1 Comments

Sh
1. Sh  Apr 29, 2021 14:24 I Like It. | Report Abuse Reply
Does grow uses Smart order Routing








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