Groww Review: Brokerage Charges, Margin, Trading and Demat Account

Created on 15 Sep 2023

Wraps up in 9 Min

Read by 2.2k people

Updated on 01 Dec 2023

Managing your finances and making wise investments has become more critical than ever in the fast-paced world of today. Fortunately, the growth of fintech firms has given people access to a variety of investing platforms that provide simplicity, flexibility, and chances to build wealth. 

And, in this growth journey of Fintech companies, Groww has emerged as one of the most promising players. Investors are growing fond of Groww, a not-so-old and not-so-new entrant in India's financial technology scene. 

And, in this blog, we’ll examine every facet of Groww so that you can decide for yourself whether it's the best investing platform for you or not.

Overview of Groww

Groww is an online discount broking platform that allows users to invest in mutual funds, stocks, digital gold, US stocks, and fixed deposits. It was launched in 2016 by four former Flipkart employees: Lalit Keshre, Harsh Jain, Ishan Bansal, and Neeraj Singh. The platform aims to make investing simple, transparent, and accessible for everyone.

As of June 2023, Groww had an active client base of 56,54,456. It is also one of the highest-rated apps (4.5) in the Google Play Store and App Store. 

Groww has received funding from prominent investors such as Y Combinator, Sequoia Capital India, Ribbit Capital, and Tiger Global.

Groww Account Setup and User Interface

Setting up an account on Groww is easy and paperless. The account opening process is designed to be user-friendly and straightforward, even for individuals who may be new to investing. To get started, users can download the Groww app, which is available on both Android and iOS platforms, or visit the Groww website.

The account setup process involves:

Registration: Users are required to provide basic information, including their name, mobile number, PAN number and email address. Groww follows the Know Your Customer (KYC) norms, and users will need to complete their KYC process, which involves submitting identity and address proofs.

Bank Account Linking: To facilitate investments and withdrawals, users need to link their bank account with Groww. This is a one-time setup and is done securely.

Once the account setup is complete, users can start exploring the platform's features and investment options. Groww's user interface is lauded for its simplicity and intuitiveness. The dashboard provides a clear overview of the user's portfolio, investment performance, and available funds. Navigating through various sections of the app or website is hassle-free, making it an ideal choice for both beginners and experienced investors.

Investment Options in Groww

Groww offers a wide range of investment options for users to choose from. These include:

Groww Investment Tools and Features

Groww provides various tools and features to help users make informed investment decisions. Some of these are:

Groww Brokerage Charges

Charges Equity Intraday Equity Delivery Futures Options
Securities Transaction Tax (STT) 0.025% 0.1% 0.0125% 0.0625%
Stamp Duty 0.003% 0.015% 0.002% 0.003%
Exchange Trasanction Charge  NSE: 0.00325%
BSE: 0.00375%
NSE: 0.00325%
BSE: 0.00375%
NSE: 0.0019%
BSE: 0.00%
NSE: 0.05%
BSE: 0.005%
SEBI Turnover Charge 0.0001% 0.0001% 0.0001% 0.0001%
DP Charges ₹0 ₹13.5 per company ₹0 ₹0

Groww Customer Support and Service

Groww provides 24*7 customer support and service through various channels such as email, chat, and phone. Users can contact the customer support team for any queries, issues, feedback, or suggestions related to the platform or products.

However, as per customer reviews, assistance over call is only provided upon request. Groww also gives the option to raise a ticket.

Users can also access the help section on the platform where they can find answers to frequently asked questions (FAQs) on various topics related to the platform or products.

Security and reliability

Groww is a trustworthy investment platform for several reasons:

Advantages of using Groww

Some of the advantages of using Groww are:

Limitations of Groww

Some of the cons or limitations of Groww are:

Comparison with competitors

Groww faces competition from other similar investment platforms available in the market. Some of the major competitors of Groww are:

Here is a table that compares some of the key aspects of these platforms with Groww:

Comparison Table


Account Opening Fees

Annual Maintenance Charges

Equity Delivery

Equity Intraday

Call & Trade Charges







Angel One

























Groww is a platform that offers a simple and easy way of investing in various financial products. It has a user-friendly interface, zero commission, a wide range of products, and useful tools and features. It is also secure and reliable and has a responsive customer support team.

However, Groww also has some limitations, such as limited product categories, no advisory services, and no margin trading. It also faces competition from other similar platforms in the market.

Therefore, Groww may be a good choice for users who want to invest in mutual funds, stocks, digital gold, US stocks, or fixed deposits without paying any fees or commissions. It may also be a good choice for users who want to learn and explore different products and concepts related to investing and personal finance.

However, Groww may not be a good choice for users who want to invest in other product categories such as bonds, debentures, NPS, and PPF, or for those who want to trade in commodities or currencies.

Ultimately, the choice of the platform depends on the user's goals, risk appetite, preferences, and needs. Users should do their own research and analysis before investing in any platform or product. Users should also be aware of the risks and rewards of investing and should invest only what they can afford to lose.

We hope this blog post has helped you understand Groww and its features, fees, pros, cons, and how it compares with other similar platforms in the market.