Groww Stock Trading, Demat, Brokerage and Reviews 2021

Groww Standard Brokerage Plan

Groww follows a fixed brokerage model wherein it charges a flat Rs 20 or 0.05% (whichever is lower) per executed order. The maximum brokerage chargeable per order is Rs 20.

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.

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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.

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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.

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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.

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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.

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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.

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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.

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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.

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