Zerodha
Upstox
Angel Broking
Edelweiss
5Paisa
IIFL Securities
ProStocks
TradeSmart
Fyers
Alice Blue
Tradeplus
SAS Online
Groww
Paytm Money
GCL Sec
ICICI Direct
Kotak Sec
HDFC Sec
Sharekhan
Choice Broking
SBI Capital
Axis Direct
18.12% 922,024 Clients
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.
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.
| Trading Segment | Brokerage Charges |
|---|---|
|
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 |
You are also required to pay other transaction and regulatory charges, Demat charges in addition to the brokerage.
Other charges levied by Groww include:
Visit Groww Brokerage Charges Review for more detail.
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 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.
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.
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.
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.
The following are the cons of Groww. Check the list of Groww drawbacks.
Groww margin for intraday trading is up to 6x 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 |
|---|---|
| Equity Delivery | 1x (no margin) |
| Equity Intraday | Up to 6x (based on the stock) |
| Equity Futures & Options | Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) |
| Currency Futures & Options | Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) |
| Commodity Futures | Intraday - 1.3x, Carry forward - 1x of NRML margin (Span + Exposure) |
Note: As per the new margin policy by SEBI, the margin for trading will be decided by the exchange from Sept 01, 2021. Brokers cannot offer 'additional margin' like 20x in any segment at BSE, NSE, and MCX. All full-service and discount brokers will provide the same margin exposure to customers.
| Overall Rating |  3.7/5 |
| Fees |  4.2/5 |
| Brokerage |  3.9/5 |
| Usability | 3.7/5 |
| Customer Service |  3.4/5 |
| Research Capabilities |  2.6/5 |
Based on 25 Votes by Groww Customers
Do you trade with Groww? Rate Groww
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 | 2021-22 | 922,024 | 3 | 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.
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.
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.
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.
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
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.
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:
Your Groww balance gets upgraded with the amount transferred and you are all set to invest at one-click.
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.
Groww offers various payment options to investors that make trading easy and convenient.
Payment options at 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.
|
Are you a Zerodha Customer?
Compare Share Broker in India
Download Mobile App
Our Websites
Best of
Top Stock Brokers in India Top 10 Discount Brokers Top 10 Full-Service Brokers Lifetime Free Demat Acct Best Broker for Beginners More Reports...Discount Broker Review
Zerodha (₹20/trade) Upstox (₹20/trade) Angel Broking (₹20/trade) 5paisa (₹20/trade) ProStocks (₹899 Unlimited) More Brokers...Full-service Review
Angel Broking (₹20/trade) IIFL Securities (₹20/trade) Aliceblue (₹20/trade) ICICI Direct (₹20/trade) Edelweiss (₹10/trade) More Brokers...Compare Brokers
Broker Articles / Tutorials Compare Share Brokers Side-by-Side Comparison Broker Complaints Monitor Broker Glossary Special OffersTrading Platform Reviews
Zerodha Kite Review Sharekhan TradeTiger Omnesys NEST Review ODIN Review NSE NOW Review More Reviews...Options Basics
Options Trading Homepage
Options Overview
Benefits & Risks of Options
Options Pricing
Options Trading FAQs
Options Trading Glossary
Broker Reviews
Zerodha Review 5paisa Review ProStocks Review Sharekhan Review Angel Broking Review ICICI DirectOptions Trading Platform
Kite Zerodha Trade Tiger Sharekhan Omnisys NEST Upstox RKSV Fyers One Fyers ScalperT FinvasiaBest of
NRI Homepage
Best NRI Trading Account
Best NRI 3-in-1 Account
Top 10 Discount Brokers
Top 10 Full-Service Brokers
NRI Trading Guide
Trading Account Basics Trading Requirements Demat Account Explained USA NRI Trading Account Trading in Derivatives More Articles...History of Chittorgarh
History of Chittorgarh Maharana Pratap Meera Bai Panna Dhai Rani Padmini Jainism & Chittor (Hindi)Chittorgarh City Info
Chittorgarh City Map Hotels / Resorts Sainik School Chittorgarh Cement Industry Hindustan Zinc
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