Loading...

Groww Stock Trading, Demat, Brokerage and Reviews 2023


34.25% 5,165,760 Clients

Zerodha (Trade with the best stock broker)

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.

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 investment platform. In the mid-2020s, Groww expanded its product offering to include Equity trading. The company also offers Digital gold, US Stocks, and Fixed Deposit as other investment options for its customers.

Groww chargesa lower of Rs 20 or 0.05% per executed trade. You pay a max of Rs 20 as the brokerage for an order irrespective of any quantity or amount. Groww offers Free Mutual Fund services with no charges in investing or redemption of mutual funds.

Groww has its own trading platform called Groww (web and mobile trading app) that offers a seamless trading experience to its investors. It is a safe and secure app with 128-bit encryption. Groww is one of India's fastest-growing platforms 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 is an online broker. Unlike full-service brokers, it does not offer any tips, recommendations, and research services. Groww has free eBooks, informative and educative blogs, and resources to help investors/beginners learn the basics of stock market trading and investment that can assist them to make an informed investment decision.

Key Highlights of Groww

  • Zero commission direct mutual funds.
  • The maximum brokerage charged per trade is Rs 20.
  • Instant and paperless online account opening.
  • Customer awareness through educative and informative Blogs and eBooks.
  • Feature to switch external regular mutual fund to direct mutual fund.
  • It also provides investment in US Stocks, Digital gold, and Corporate FD.

Zerodha (India's Best & No. 1 Broker)

  Special Offer - Free Equity Delivery and Mutual Funds

  • Brokerage-free equity delivery trades.
  • Brokerage-free Direct Mutual Fund.
  • Pay ₹20 per trade for Intraday & F&O.
  • The best trading platform in India.

Open Instant Demat Account Read Reviews

Groww Charges 2023

Groww Brokerage Plan

Groww follows a fixed brokerage model wherein it charges a flat Rs 20 per executed order for Equity Delivery, Intraday and F&O trades. The maximum brokerage chargeable per order is Rs 20 across trading segments.

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

You are also required to pay other transaction and regulatory charges, Demat charges in addition to the brokerage.

Other charges levied by Groww include:

  1. Auto square off charges: Rs 50

Visit Groww Brokerage Charges Review for more detail.

Zerodha (Trade with the best stock broker)

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.


Groww Online Account Opening

Groww offers online account opening to its customers. It is a simple, instant, and paperless process. The account opening at Groww is free with zero maintenance charges. To open the trading and Demat account with Groww, you need to download the Groww mobile app or register yourself on the company website and complete the setup.

Groww is an online broker with no branches. The company does not provide an account opening form on the website and also does not offer an offline account opening.


Groww Trading Software (Groww Trading Platforms)

Groww offers its customers to trade via mobile and web. An investor can transact seamlessly switching between the Groww app and website.

Since Groww initially started as a mutual fund investment platform, the Groww app and web is best known for mutual fund investments. Recently in June 2020, the company launched Equity trading. The company is working on new products like US Stocks, Fixed Deposits, Digital gold to be added in web, and mobile app in a phased wise manner and is fast evolving with enhanced features. The company does not have an installable trading terminal on the desktop. It also does not offer call and trade services.

  1. Groww (Mobile App)

    The mobile trading platform of Groww allows you to trade anytime from anywhere. It is offered free of cost to customers to invest in Equity and Mutual funds. Groww is a safe and secured app with a host of features like line and candlestick charts showing price movements, one-click buy/sell, free content and videos related to stock investments for beginners, complete information about all companies, etc.

  2. Groww (Website version)

    Groww website platform is an online web-based trading platform that provides its customers with an enriching online trading experience. This platform allows the clients to explore stocks, mutual funds, digital gold, and place orders online, track transactions, and invest in IPO's. The website has resources, Ebooks, and blogs that provide educative and general information on the stock markets.

 

Visit Groww Trading Software Review for more detail.

Zerodha (Trade with the best stock broker)

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.

Groww Pros and Cons


Groww Pros (Advantages)

The following are the advantages of Groww. You must read Groww advantages and disadvantages before opening an account with Groww. Groww pros and cons help you find if it suits your investment needs.

  • Simple pricing model. Flat Rs 20 per trade brokerage.
  • Zero Account opening fee.
  • Zero Demat AMC Charges.
  • Instant paperless account opening.
  • Online IPO application.
  • Direct Mutual Funds platform that helps you earn an extra 1.5% returns.
  • Option to invest online in digital gold.
  • Trading in SME Shares is available.

Groww Cons (Disadvantages)

The following are the cons of Groww. Check the list of Groww drawbacks.

  • Limited investment products with no option to trade in commodity, and currency segment.
  • No Call and Trade services.
  • Do not provide stock tips, research reports, or recommendations.
  • Do not offer to invest in SME shares (Companies listed on BSE SME and NSE Emerge platform).
  • No branch support.
  • No Margin trading facility.
  • No Margin against shares.
  • Advanced order types like BO, CO, AMO, and GTT not available.
  • Trailling stop loss orders are not available in Groww app.
  • Do not offer NRI Trading.
  • SME IPOs are not available.

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.

SegmentMarginLeverage
Equity Delivery100% of trade value1x
Equity IntradayUp to 20% of trade value5x
F&O (Equity, Currency and Commodities)100% of NRML margin (Span + Exposure)1x

Groww Ratings

Overall Rating Rated 4.1 stars 4.1/5
Fees Rated 4.3 stars 4.3/5
Brokerage Rated 4.0 stars 4.0/5
Usability Rated 4.0 stars 4.0/5
Customer Service Rated 3.8 stars 3.8/5
Research Capabilities Rated 3.2 stars 3.2/5

Based on 72 Votes by Groww Customers

Do you trade with Groww? Rate Groww


Groww Complaint

The number of Groww customer complaint received by the exchanges. The Groww consumer complaint report helps understanding the Nextbillion Technology pvt ltd quality and relibility of service.

Exchange Financial Year Number of Clients* Complaints** %
NSE 2022-23 5,165,760 181 0%
BSE 2022-23 2,015,347 291 0.01%
NSE 2021-22 3,847,955 144 0%
BSE 2021-22 894,812 44 0%
NSE 2020-21 780,570 32 0%
BSE 2020-21 2,650 2 0.08%
BSE 2019-20 2,650 1 0.04%

* The number of active customers reported by the broker.

** The total number of complaints received against the broker at the given exchange.

Visit Groww Complaints at BSE, NSE and MCX for detail report.


Frequently Asked Questions

  1. 1. How Groww works?

    Groww is an online discount broker providing investment offerings in mutual funds, stocks, IPO, and digital gold. Groww offers free account opening with zero maintenance charges.

    To avail of the various services offered by the company, you need to open a trading and Demat account with Groww. With a trading and Demat account, you also need to have a savings account with any bank in India. The Demat account gets linked to your trading account. Once all the accounts are ready, you can trade with Groww through any of the Groww trading platform offered via the web or mobile app.

    Groww does not provide tips, recommendations, or advisory services. Groww publishes a lot of content and information about capital markets that can help investors make an informed decision.

    Groww follows a flat fee model. It charges a lower of Rs 20 or 0.05% of trade value as a brokerage charge for Equity trades.

     

  2. 2. How is Groww?

    Groww is a low-cost broker with the free account opening and zero maintenance charges. It charges a lower of Rs 20 or 0.05% of trade value as a brokerage charge for Equity trading. The mutual fund investment at Groww is free with no transaction charges or redemption charges.

    Groww is a SEBI registered broker and a member of NSE and BSE in the name of Nextbillion Technology Private Limited that provides online trading services to its customers. It has a depository participant with CDSL.

    Groww provides trading platforms under the brand name of Groww in web and mobile versions.

    Groww is one of the fastest-growing investment platforms in India. Groww started as a direct mutual fund platform with equity stocks and gold recently added to its product suite. The company is further looking to expand its product offering to include US Stocks and Fixed Deposits.

    Overall, Groww is a good broker with a firm footing in the mutual fund space.

    Read How safe is Groww? for more details.

     

  3. 3. How to invest in Groww?

    To start investing with Groww, first, you need to open a trading and Demat account with Groww either through the web or mobile app. Groww offers free account opening. Once the trading and Demat accounts are ready, you need to login into your account and start investing.

    To invest in mutual funds, you are required to go to the mutual funds' tab, choose the desired mutual fund based on your risk profile, and click Invest Now and make the payment either through SIP or lumpsum mode as available for the selected scheme.

    To invest in Stocks, go to the Stocks tab and select the stock you need to buy or sell and place the order by inputting the desired quantity. Before placing the order, ensure to have the required funds or securities in your account.

     

  4. 4. How to close a Groww account online?

    Groww account cannot be closed online. You need to download the account closure form and send the duly filled physical form to the broker office.

    Steps to close the Groww account

    1. Download the Equity Demat & Trading Account Closure Formfrom the Groww website available in Download Forms.
    2. Fill in the Client ID, address for correspondence, and the reason for the closure.
    3. Send the duly signed form to the broker office at the mentioned address in the account closure form.

    Before initiating the closure, ensure to clear any outstanding dues and transfer the securities lying in the Demat account (if any) to another Demat account.

     

  5. 5. How to transfer funds to Groww?

    Groww has an internal balance account called Groww balance to make the trading and investment process easy and convenient for the investors. 

    Steps to transfer funds to Groww balance:

    1. Log in to Groww either through the web or mobile app.
    2. Tap on 'You' under your Groww account profile.
    3. Click on 'Add Money'
    4. Choose the desired mode of payment from UPI or Net banking.
    5. In case you choose to pay using UPI, enter the UPI ID and approve the mandate,
    6. In case you choose to pay using Net banking, you will get directed to your bank website to complete the transaction.
    1. Once the payment transaction gets completed, tap on 'okay' on the Groww app.

    Your Groww balance gets upgraded with the amount transferred and you are all set to invest at one-click.

     

  6. 6. Do I need to maintain a minimum balance in Groww?

    Groww does not require you to maintain any minimum balance in the Groww balance account. You can keep any amount as per your choice.

    Groww Balance is a facility offered by Groww to make trading and investment convenient for investors instead of making a separate transaction each time.

     

  7. 7. What are the payment options available at Groww?

    Groww offers various payment options to investors that make trading easy and convenient.

    Payment options at Groww:

    • Transfer funds to Groww Balance using UPI or Net banking
    • Transfer transaction wise funds using NEFT or Net banking
    • Setup One-time Mandate for SIP using Autopay via OTP or Autopay via Form to automate your SIP instalments.

     

  8. 8. What is Groww?

    Groww is a new-age investment platform for Millennials. Started as a direct mutual fund platform, Groww is one of India's fastest-growing investment platform that aims to be an all-in-one platform to diversify investor portfolio across multiple asset classes.

    Groww is an online discount broker that currently offers stocks, mutual funds, digital gold, and very soon looks to launch US Stocks and Fixed Deposits.

     

  9. 9. How to close Groww account?

    Groww account can be closed offline by submitting an account closure form to the Groww Head office. Groww does not offer to close the trading and Demat account online, via email or by phone.

    Steps to close Groww account

    1. On the Groww website, go to "Download forms" under the Quick Links section.
    2. Download Equity Demat & Trading Account Closure Form
    3. Fill the closure form with the below details.
    4. Attach a copy of the ledger and unused delivery instruction slips.
    5. Courier the form and supporting documents to the address in the form.

    Your account will get closed in 10-15 working days post the broker receives the closure form. If not, follow up with customer support.

    Points to Note before initiating the closure request:

    1. Clear any outstanding dues to the broker.
    2. Transfer the securities/holdings to another Demat account or sell off as desired.
    3. Do not use the account while account closure is in progress.

     

  10. 10. Is Groww a discount broker?

    Yes, Groww is an online discount broker offering flat fee discount brokerage services to invest/trade in Equity, F&Os, IPO, Fixed Deposits, Direct Mutual Funds, and US Stocks.

    Unlike full-service brokers, Groww does not provide market research and trading tips. They also do not have branch offices and relationship managers. Call & trade is available at additional Rs 50 per executed order.

    Established in 2016, Groww is the brand name for Nextbillion Technology Private Limited, a SEBI registered stockbroker and a member of NSE and BSE. Groww charges a max brokerage of Rs 20 per order, irrespective of the segment or amount. The company has its own web and mobile trading platform called Groww.

     

  11. 11. Is the Groww app a Demat account?

    Groww offers online trading and demat accounts. Groww app is a mobile app to invest in Stocks, F&Os, Fixed Deposits, Mutual Funds, IPOs, and US Stocks.

    Groww offers 2-in-1 account services that allow investors to open a Trading and Demat account. For trading using the Groww app, you need to open a Demat account with Groww that stores all the shares and securities in an electronic format. Groww offers a free Demat account opening with zero maintenance charges (Rs 0 Demat AMC).

     

  12. 12. Does Groww take brokerage?

    Yes, Groww charges a maximum of Rs 20 as the brokerage for Equity and F&O trading.

    The company does not charge any brokerage or commission for mutual fund investments. Groww also provides free account opening with no AMC charges for the Demat account.

    Groww Brokerage Charges

    Segment

    Brokerage

    Equity Delivery

    Rs 20 per executed order or 0.05% whichever is lower

    Equity Intraday

    Rs 20 per executed order or 0.05% whichever is lower

    Equity Futures

    Rs 20 per executed order

    Equity Options

    Rs 20 per executed order

     

  13. 13. Is Groww app good for mutual funds?

    Groww mutual fund app is one of the highest-rated apps in the mutual fund industry offering Direct Mutual Funds.

    Key Salient features of the Groww mutual fund App:

    • Zero fees, no transaction charges, no hidden fees.
    • Safe and secure app.
    • Smooth user-interface.
    • Option to invest in SIP or lumpsum mode.
    • Dashboard to track your investments and annualized returns.
    • Option to switch external regular mutual funds to direct mutual funds for free.
    • Compare various funds on Key features like NAV, Risk, Returns, Expense Ratio, Pros, and Cons.
    • Educative blogs and resources related to mutual funds.

     

  14. 14. How to delete Groww Demat account online?

    Groww Demat account cannot be deleted online. You need to submit the filled and signed physical account closure form to the broker's Banglore office.

    Please ensure to sell or transfer the securities, if any, lying in the Demat account to another Demat account. Also, make sure to clear all dues.

    You receive an email confirmation from CDSL (depository) and Groww once the account is successfully closed.

     

  15. 15. Can we buy IPO in Groww?

    Yes, Groww allows you to buy IPO online through the Groww mobile app or Groww web at no extra cost provided you have,

    1. An active account with Groww
    2. A UPI ID.

    If you do not have a UPI ID, you can also apply using your bank's ASBA facility and provide the Groww Demat account for the IPO application.

     

Zerodha (Trade with the best stock broker)

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.


34 Comments

34. Sanjeet Kumar Giri   I Like It. |Report Abuse|  Link|Feb 12, 2023 8:05:20 AMReply
Very clear interface and good trading experience. But I think it should introduce some monthly plans for intraday trading. Overall nice work by the team. Keep it up. Thanks.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Research Capabilities - Excellent
Customer Service - Excellent
Overall Experience - Excellent
33. Harshil Patel   I Like It. |Report Abuse|  Link|Feb 8, 2023 5:22:34 AMReply
I am using app and one thing is necessary

Partnership with sensibull.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Above Average
Website Usability - Excellent
Research Capabilities - Above Average
Customer Service - Excellent
Overall Experience - Excellent
32. Suryansh   I Like It. |Report Abuse|  Link|Jan 31, 2023 11:26:42 AMReply
Very easy to use + no extra hidden charge. I hope currency & commodity trading will be available in near future.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Above Average
Research Capabilities - Average
Customer Service - Above Average
Overall Experience - Above Average
31. A K Maurya   I Like It. |Report Abuse|  Link|Jan 21, 2023 7:26:43 PMReply
Their record upkeep and customer support is extreemly poor. I wanted P&L report for filling my revised income tax return for year 2021-2022 . Inspite of contineous chassing with thier customer care support since last 25 days I did not recieved this report. Not only this they have forwarded me some bogus report which had wrong entries which i informed their customer care but to my surpriz they again forwarded same report. I can only say growws record upkeep and customer support is just pathetic.

Ratings:

Brokerage - Average
Account Maintenance Fees - Average
Website Usability - Average
Research Capabilities - Average
Customer Service - Very Poor
Overall Experience - Average
30. MAYUR NAVNATH DUDHAL   I Like It. |Report Abuse|  Link|Dec 21, 2022 3:36:41 PMReply
LIKE GRWWO SERVISE

Ratings:

Brokerage - Below Average
Account Maintenance Fees - Excellent
Website Usability - Excellent
Research Capabilities - Excellent
Customer Service - Excellent
Overall Experience - Above Average
29. Dilpreet Kaur   I Like It. |Report Abuse|  Link|Dec 16, 2022 12:02:20 PMReply
Groww service is not at all good , I invested some amount and got message saying it rejected a very next day and refund will process. So then I invested again in some other fund which then processed and I got mail for the first investment which says due to some technical glitch I got a message saying it rejected. If your app have a technical why did you waited for 2 days to send the communications you would send it in hour or two , because of your app issue my Amount is stuck and your customer care facility it’s so poor they never come on call and doesn’t care to reply of chats , it’s very poor facility. You made a app where people are keeping their money and you do this . I will never use your app again and also inform the same to my circle not to use the app

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Research Capabilities - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
28. Shankara Kalmani   I Like It. |Report Abuse|  Link|Dec 14, 2022 9:24:25 AMReply
Free trading account with no annual maintenance charges is the good part

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Excellent
Website Usability - Excellent
Research Capabilities - Average
Customer Service - Excellent
Overall Experience - Excellent
27. Jikku Joseph   I Like It. |Report Abuse|  Link|Dec 13, 2022 8:43:01 AMReply
Its getting stucked AND having frequent login issue..
Not at all advisable for trading.
For MF its good. for delivery trade its okay
26. PJ Joseph   I Like It. |Report Abuse|  Link|Dec 13, 2022 8:41:49 AMReply
Its getting stucked & end up with login issue..
Not at all advisable for trading.
For MF its fine
25. sohan chaudhari   I Like It. |Report Abuse|  Link|Dec 7, 2022 3:14:30 PMReply
one of the best aap for investment

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Excellent
Website Usability - Excellent
Research Capabilities - Excellent
Customer Service - Excellent
Overall Experience - Excellent
24. Anmol   I Like It. |Report Abuse|  Link|Nov 18, 2022 1:54:42 PMReply
It is quite good platfrom. Just some bugs to maintain properly

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Excellent
Website Usability - Excellent
Research Capabilities - Average
Customer Service - Above Average
Overall Experience - Above Average
23. Tony   I Like It. |Report Abuse|  Link|Oct 20, 2022 7:59:00 PMReply
Like it

Ratings:

Brokerage - Average
Account Maintenance Fees - Above Average
Website Usability - Above Average
Research Capabilities - Above Average
Customer Service - Above Average
Overall Experience - Above Average
22. Sourabh Ramesh Chile   I Like It. |Report Abuse|  Link|Oct 4, 2022 7:05:02 AMReply
Easy to operate app with sufficient analysis tools and information

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Research Capabilities - Excellent
Customer Service - Excellent
Overall Experience - Excellent
21. kailashThapa   I Like It. |Report Abuse|  Link|Aug 11, 2022 11:49:49 PMReply
dislike

Ratings:

Brokerage - Average
Account Maintenance Fees - Excellent
Website Usability - Very Poor
Research Capabilities - Very Poor
Customer Service - Below Average
Overall Experience - Very Poor
20. Ram Krishna Sarvadhar   I Like It. |Report Abuse|  Link|Jun 22, 2022 1:12:06 AMReply
Brokerage is high compare to Pay tm

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Below Average
Website Usability - Above Average
Research Capabilities - Average
Customer Service - Below Average
Overall Experience - Below Average
19. Sanju   I Like It. |Report Abuse|  Link|Jan 21, 2022 9:26:46 AMReply
Grow app is Very worthy not recommend to another people. Lots of time we facing app not working properly dashboard issue and not login some time.
18. Prakash   I Like It. |Report Abuse|  Link|Jan 18, 2022 8:00:36 AMReply
Its not responding proper
Totally bakwas aap h

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Research Capabilities - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
17. Sagar Rajhans   I Like It. |Report Abuse|  Link|Aug 1, 2021 3:10:49 PMReply
they should give traders more margin, they should add advance order features, should deal with currency commodity & f&o. though f&o is there but they should add seperate area in the app for this.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Above Average
Research Capabilities - Average
Customer Service - Above Average
Overall Experience - Above Average
16. Chetan   I Like It. |Report Abuse|  Link|Jul 8, 2021 3:24:54 PMReply
Very poor services. Very slow in approach. Keep clients queries pending for long time. Customer care is havoc. They deactivate your Account when you transfer shares to other Dp.

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Research Capabilities - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
15. Durga prasad   I Like It. |Report Abuse|  Link|Jun 23, 2021 8:43:09 AMReply
Cannot contact customer service over call

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Very Poor
Website Usability - Average
Research Capabilities - Average
Customer Service - Very Poor
Overall Experience - Average

Are you a Zerodha Customer?