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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.

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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. How to add money to the Groww app?

    Groww App and website provide an option to add money to your trading account. This money can be used to buy stocks or trade F&Os.

    Steps to add money to your Groww app

    1. Log in to your Groww app.
    2. Go to the You section.
    3. Click on Add Money.
    4. Add money through UPI or Net Banking.

     

  4. 4. 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.

     

  5. 5. 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.

     

  6. 6. 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.

     

  7. 7. How to use Groww?

    To use and invest through Groww, you have to open the Groww trading and demat account. Groww allows you to invest in Equities, IPOs, Futures & Options, Direct Mutual Funds, and US Stocks and offers free account opening.

    After your account gets activated, you can trade in Groww through the Groww website or Groww mobile app. The Groww mobile app supports Android and Apple iOS devices and is available for download in Google Play Store for Google Android smartphones and App Store for iPhone users.

     

  8. 8. How much Groww charge?

    Groww charges a lower of Rs 20 or 0.05% of trade value for Equity transactions and Rs 20 per order for F&O trades. The company also charges other regulatory charges like STT, Exchange transaction charges, GST, SEBI fees, Stamp Duty, DP Charges over and above the brokerage from traders.

    The account opening at Groww is free. The company also does not levy any annual maintenance charges for the Demat account and offers brokerage-free mutual fund investments.

     

  9. 9. How to delete Groww mutual fund account?

    The Groww mutual fund account deletion is an offline process. You need to submit a signed closure form to the Groww office.

    You can also raise a ticket with the Groww Support team for mutual fund account deletion. Before initiating the closure, you need to stop any active SIPs and redeem the existing mutual funds.

     

  10. 10. Is Groww available for PC?

    You can access the Groww website from any PC with a web browser installed on it. The Groww web allows you to invest in stocks, F&O, mutual funds, FDs, US Stocks, and Digital Gold.

    Groww does not offer an installable trading terminal for the desktop. Groww provides to invest through the Groww mobile app or Groww web.

    Groww offers a robust trading platform secured with SSL certification and 128-bit encryption making it safe and secure to use.

     

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.

    Espresso customer also has to pay taxes, demat debit transaction fee (Rs 13.5 per trade) and exchange transaction charges.

  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.

    In addition you have to pay taxes and exchange transaction charges.

  4. How much Groww charge for futures?

    Groww charge Rs 20 per executed order for equity, currency and commodity futures trading.

  5. How much Groww charge for options?

    Groww charges Rs 20 per executed order 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 2024
    SegmentTransaction Fee
    Equity DeliveryNSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (each side)
    Equity IntradayNSE Rs 325 per Cr (0.00325%) | BSE Rs 375 per Cr (0.00375%) (sell side)
    Equity FuturesNSE Rs 190 per Cr (0.0019%) | BSE Rs 0
    Equity OptionsNSE Rs 5000 per Cr (0.05%) | BSE Rs 3750 per Cr (0.0375%) (on premium)
    Currency Futures
    Currency Options(on premium)
    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.

Zerodha (Flat Rs 20 Per Trade)

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 and start trading today.

Information on this page was last updated on Tuesday, October 17, 2023

Zerodha (Flat Rs 20 Per Trade)

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 and start trading today.


1 Comments

1. Sh   I Like It. |Report Abuse|  Link|April 29, 2021 2:24:21 PMReply
Does grow uses Smart order Routing
1.1. BINOD MALLICK   I Like It. |Report Abuse|  Link|January 8, 2024 12:33:17 PM
GROWW APP ICAN USE ONLY FOR MUTUAL FUNND?