Discount Broker Depository: CDSL & NSDL
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A new entrant into the stock market; Groww, currently offers investment in stocks, Mutual Funds, Gold and Fixed Deposit.

Product Basket

The segments in which you can invest (includes Equity, Commodity, Currency, Futures and Options) through this broker

Equity
Commodity
Currency
Futures
Options
Brokerage Plans (Single Plan)

1 or more plans offered by this broker, which outlines, Account opening and maintenance fees charged by this broker, Brokerage charges and Margins provided. Use plan switcher to see the difference in offerings, if multiple plans are available.

Charges

Account Opening Charges

Free

Account Maintenance Charges

Free

Call & Trade Charges

-
Brokerage

Equity Delivery Brokerage

0.05%

Equity Intraday Brokerage

0.05%

Equity Futures Brokerage

-

Equity Options Brokerage

-

Currency Futures Brokerage

-

Currency Options Brokerage

-

Commodity Futures Brokerage

-

Commodity Options Brokerage

-
Margins

Equity Delivery Margin

0x

Equity Intraday Margin

8x

Equity Futures Margin

-

Equity Options Margin

-

Currency Futures Margin

-

Currency Options Margin

-

Commodity Futures Margin

-

Commodity Options Margin

-
Trading Platforms Learn More

Set of software & applications offered by the broker for executing buy and sell orders online. These are names of their portals and mobile apps, for full desc- Full Platform Details.

Website Groww App
Pros

Advantages and Strengths of this broker.

  1. Commission free investment for customers.
  2. Opening a trading and Demat account is quick and easy. Only the Aadhar Card is required for e-sign up.
  3. Simple and intuitive User Interface.
  4. They are coming up with an option to invest in US-based stocks.
Cons

Disadvantages of this broker that it needs to improve upon.

  1. Limited range of products available for investors. Products like commodities and derivatives are currently not available.
  2. Availing customer support can be tricky. Only e-mail facilities are available.
  3. Users face difficulty in analysing funds technically as the option of in-depth and detailed analysis is not available.
Additional Features

Extra features provided by the broker at little or no extra cost. Like research reports, SMS alerts etc.

3 in 1 Account
Free Trading Calls
Free Research Reports
SMS Alerts
Margin Funding
Margin Against Share
Other Investment Options

Services provided by the broker for investing in other financial assets such as Mutual funds, Insurance, Bonds etc.

Mutual Funds
IPO Platform
Bonds & Debt
Exchange Traded Funds
Insurance
Finology Ratings & Reviews for Groww

Ratings are provided based on customer service, usability, charges and overall average. Reviews are based on positive and negative aspects of the broker that help you understand this broker better.

Charges

(3)

Usability

(3)

Customer Service

(3.5)

Charges Review

  • They offer free equity delivery and minimal brokerage.
  • Currently they are also offering annual maintenance for free.
  • They charge GST additionally on Exchange Transaction charges and Auto Square Off charges.
  • Their Auto Square Off Charges are higher as compared to others.

Customer Service Review

  • Groww provides both email & chat support.
  • Their chat support is prompt and ticket raising facilities are also available.
  • As per customer reviews, assistance over call is only provided upon request.

Ease of Use Review

  • Their trading platforms (on App & Website) are similar to each other (which avoids confusion)
  • The interface is user friendly.
  • Groww usually offers Direct plans in Mutual Fund investments but in some schemes, they offer Regular plans as well.

Account Opening Procedure Review

  • They have a seamless online account opening procedure with no physical paperwork involved.
  • For individual accounts, the online account opening process is easy and convenient.
  • If someone opens a Demat account for investing in stocks, and then opts for mutual funds as well, additional formalities would be required. That’s not the case vice-versa.

Why Choose Groww? Know Everything about Groww here.

Verdict

The platform is user-friendly and all investment instruments are easily accessible. They do not provide tools for analyzing and trading. Apart from equity delivery and equity intraday, you can not trade on any other segment using Groww. Educational content is available in abundance in the form of blogs, videos etc.

If you are an Investor, the brokers provide you with

  • Well-drafted educational content to learn about stocks and mutual funds

  • One app for all investment options ensures easy management of money

  • Charges zero brokerage on equity delivery.

Trading Tools

Website (Groww.in)

They have one platform for every investment instrument-  Stocks, Mutual Funds, gold, US stocks, ETF & FDs. The interface is easy to understand and loaded with explanations which makes it easy to go.

Mobile App (Groww App)

Mobile applications are similar to their web platform. Investment in Stocks MFs & FDs can be done in just a few clicks. The application is easy to understand but different registrations & documentations are required for every investment option.

Charges Details

CHARGES

DELIVERY

INTRADAY

Transaction Charges

0.00325% - NSE
0.003% - BSE

0.00325% - NSE
0.003% - BSE

DP Charges

Sell, ₹ 8 per order

Sell, ₹ 13.5 per company per trading day

GST

18% on Brokerage + Transaction

18% on Brokerage + Transaction

STT

0.10%

0.03%

SEBI Charges

0.00%

0.00%

Groww Complaints & Stats

Company name:

NextBillion Technology Private Limited

Contact:

Email:

Groww Customer Reviews

Overall Rating

4.1

Based on 80 reviews

View all 80 Reviews

Rating Summary

5
53%
4
26%
3
7%
2
5%
1
7%

Review Analytics

Platform 5 votes

Charges 9 votes

Transparency 0 votes

Features 11 votes

Customer Support 7 votes

parth radhani

(5)

Posted on 10 Jun 2021

Most user friendly and easy to use app

kiran

(1)

Posted on 18 May 2021

Pathetic to say the least , once your account is activated then all other process that is updating phone number or email or nominee updates age updates....all are offline process. They won't entertainment duly signed documents shared via mail , they need all documents to be couriered to their office.

dipesh pimpale

(3)

Posted on 16 May 2021

UI is easy and simple to understand. They should even add bonds to deal maybe soon it will be added.

sushant mittal

(4)

Posted on 09 May 2021

Clean simple user experience for newbies.

anchit kaistha

(5)

Posted on 17 Apr 2021

very nice broker .... and user face is too good and easy ....

mohit sharma

(5)

Posted on 10 Apr 2021

I use this app and I love this app because by this app you can invest in stocks mutual fund and gold. It's interface is so easy to use.

sarang dayanand

(5)

Posted on 03 Apr 2021

Great place for new and small investors. No delays or any hidden charge

shrivats kunder

(5)

Posted on 31 Mar 2021

good

pratham dedgaonkar

(5)

Posted on 07 Mar 2021

Simple UI, Easy buying and selling, US Stocks and F&O coming and Mutual Funds is great and is built in the app.

nishyank parmar

(1)

Posted on 19 Feb 2021

Services for applying for demat account is not appropriate. Reflecting status of IPO in Groww app and sending UPI mandate both is poor.

sai sardesai

(1)

Posted on 14 Feb 2021

It is very simple to use because it is for know nothing investor, but as you learn over time its limiting, you cant trade in other categories. Wallet withdrawal restrictions are irritating, its like they own your money and restrict you. As a beginner or advanced trader please go with zerodha other than groww

nitish gupta

(5)

Posted on 08 Feb 2021

???? good

viral dave

(5)

Posted on 31 Jan 2021

Easy user interface, both mutual fund and stock at one platform

vinayak ansurkar

(5)

Posted on 30 Jan 2021

.

abubakkar siddique

(1)

Posted on 26 Jan 2021

One of the worst experience i have ever been.. i register with my only bank of india account.. this is my verified primary account but when i want to add fund.. i can't add fund it's showing my account is not verified. I tried all of the method UPI , NETBANKING ,NEFT but nothing happen. I tried customer service mail them call them even i tweeted i raised tickets multiple times but they don't respond ..

gulshan sahu

(5)

Posted on 24 Jan 2021

it was zero accont

sarthak jain

(5)

Posted on 24 Jan 2021

Best UI.

ranu dhar

(4)

Posted on 23 Jan 2021

Very good app. Need more update to become better like zerodha.

rajdev yadav

(2)

Posted on 23 Jan 2021

Poor service

sourav sadhukhan

(4)

Posted on 23 Jan 2021

**Groww also offers ETF. Best broker for beginners. Simplicity to manage portfolio is awesome.

syed abrar ahamed

(4)

Posted on 12 Jan 2021

Account opening and maintenance charges are zero & others charges are low. Coustomer service is very prompt and useful. Very easy to use. Provide quality education content about share market. Already opened demat account and invest in mutual fund through this app.

ali chaudhary

(5)

Posted on 12 Jan 2021

Groww is simple, user friendly and meant for long term investors.. Not a thing for traders... I think they should improve upon adding funds from bank account...

muhammed nazil

(5)

Posted on 29 Dec 2020

simple and user friendly for equity investing

sky

(2)

Posted on 28 Dec 2020

Easy to handle but there are very less options.

chirag

(4)

Posted on 27 Dec 2020

It's a really good app , ita help for investment.