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Groww Stock Trading, Demat, Brokerage and Reviews 2021


Groww Logo

100.91% 1,568,235 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.

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.
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Groww Charges 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.

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:

  1. Auto square off charges: Rs 50

Visit Groww Brokerage Charges Review for more detail.


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.

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.
  • One of the cheap discount brokers of India with a brokerage charge of Rs 20 or 0.05% per executed trade, whichever is lower.
  • 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.
  • E-books, Resources, and Blogs that provide the basics and updates on the stock market to help investors make an informed decision.

Groww Cons (Disadvantages)

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

  • Limited investment products with no option to currently trade in commodity, and currency segment.
  • No Call and Trade services.
  • Do not provide stock tips, research reports, or recommendations.
  • 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.

Groww Margin Exposure

Groww margin for intraday trading is up to 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 3.8 stars 3.8/5
Fees Rated 4.2 stars 4.2/5
Brokerage Rated 3.9 stars 3.9/5
Usability Rated 3.8 stars 3.8/5
Customer Service Rated 3.4 stars 3.4/5
Research Capabilities Rated 2.8 stars 2.8/5

Based on 36 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 2021-22 1,568,235 14 0%
BSE 2021-22 533,290 23 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.

     


20 Comments

20. Ghanshyambhai  Sep 18, 2021 20:11 I Like It. | Report Abuse Reply
I like

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Research Capabilities - Excellent
Customer Service - Excellent
Overall Experience - Excellent
19. Big Bull Investor  Sep 17, 2021 20:09 I Like It. | Report Abuse Reply
Its best. Within 1 min one can get customer support which is the best in Groww.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Research Capabilities - Excellent
Customer Service - Excellent
Overall Experience - Excellent
18. Lokender Singh  Sep 17, 2021 08:19 I Like It. | Report Abuse Reply
Easy to use, but need more detail about share

Ratings:

Brokerage - Average
Account Maintenance Fees - Above Average
Website Usability - Above Average
Research Capabilities - Below Average
Customer Service - Average
Overall Experience - Average
17. Sagar Rajhans  Aug 1, 2021 15:10 I Like It. | Report Abuse Reply
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  Jul 8, 2021 15:24 I Like It. | Report Abuse Reply
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  Jun 23, 2021 08:43 I Like It. | Report Abuse Reply
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
14. Viju  Jun 11, 2021 10:05 I Like It. | Report Abuse Reply
Intraday i exit and they kept me open til i get loss. Mistakes can happen once not thrice.. cheaters for sure

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
13. SUBBAIAH  Jun 4, 2021 22:13 I Like It. | Report Abuse Reply
too much brokerage charges ,

Ratings:

Brokerage - Very Poor
Account Maintenance Fees - Below Average
Website Usability - Average
Research Capabilities - Average
Customer Service - Very Poor
Overall Experience - Very Poor
12. Rana  May 23, 2021 18:38 I Like It. | Report Abuse Reply
Mobile application stuck some time

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Below Average
Research Capabilities - Excellent
Customer Service - Excellent
Overall Experience - Above Average
11. Hemant  May 7, 2021 02:02 I Like It. | Report Abuse Reply
I have opened online demat account but no customer care support. Now I want to close but I have many issues but no one support me and Customer service number is not reachable

Ratings:

Brokerage - Average
Account Maintenance Fees - Average
Website Usability - Below Average
Research Capabilities - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
10. RUTHIKA SHANTARAM THORAT  Apr 16, 2021 11:34 I Like It. | Report Abuse Reply
Should soon include f & o and commodity market

Ratings:

Brokerage - Above Average
Account Maintenance Fees - Excellent
Website Usability - Above Average
Research Capabilities - Average
Customer Service - Excellent
Overall Experience - Excellent
9. rajkumar  Apr 6, 2021 18:41 I Like It. | Report Abuse Reply
Groww need to improve lot. there are lot of hidden charges like regulatory charge and some calculation issues there in intraday

Ratings:

Brokerage - Below Average
Account Maintenance Fees - Above Average
Website Usability - Below Average
Research Capabilities - Below Average
Customer Service - Below Average
Overall Experience - Below Average
8. M manohar  Mar 17, 2021 16:07 I Like It. | Report Abuse Reply
I am not recieved money to my saving account from demat account . money deducted from demat account 4000/- . From march 9th 2021 to still 17th march .. ticket raised .. notbody responding or. Solving my request..
I invest 25000/ from 2 months .. software system very poor..

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
7. Rahul Goyal  Mar 8, 2021 14:19 I Like It. | Report Abuse Reply
It has less segments to invest to. Maybe it is a new platform that's why but yeah I would like to have all the investment options in one place. For example, I wanted to invest in SGB but it is not available on Groww. We can buy SGB from the seller, not from RBI. So that's what I find lacking. Else the exchange of share and money is very easy. Just add money, buy share and done. It really makes the user interface super easy to use.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Above Average
Website Usability - Excellent
Research Capabilities - Above Average
Customer Service - Excellent
Overall Experience - Above Average
6. Saketh Reddy  Mar 4, 2021 13:45 I Like It. | Report Abuse Reply
I dis like grow .it is used for cash .once it is taken .it doesn't give .they cut money for stock margin purpose only ...they send money .it is wrost money app in india I lost 10000 in this process pls don't send money and don't follow in less money

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
5. Utsav tandon  Feb 17, 2021 11:02 I Like It. | Report Abuse Reply
No clearance about charges they take money nd say in this charge in this charge and not even call is connected all executive are busy what is going on
I don't want to trade in this app worst app ever

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
4. Sanjay Kumar  Jan 26, 2021 14:38 I Like It. | Report Abuse Reply
Delivery brokerej is higher than others.


Ratings:

Brokerage - Average
Account Maintenance Fees - Excellent
Website Usability - Excellent
Research Capabilities - Very Poor
Customer Service - Above Average
Overall Experience - Above Average
3. Hitesh Mukharjee  Jan 25, 2021 20:08 I Like It. | Report Abuse Reply
As per fees it is best among all but issue with trading on MCX and research material are not so good.

Ratings:

Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Research Capabilities - Average
Customer Service - Above Average
Overall Experience - Excellent
2. Deepak  Jan 6, 2021 16:13 I Like It. | Report Abuse Reply
Worst customer service

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
1. rajan  Dec 28, 2020 18:34 I Like It. | Report Abuse Reply
there was no option trading. only web based platform. mobile app also web based. only one watch list available and many disadvantage is noticed

Ratings:

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

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