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A new entrant into the stock market; Groww, currently offers investment in stocks, Mutual Funds, Gold and Fixed Deposit. It has an active client base of 46,74,263 till August 2022.

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

₹ 20

Equity Options Brokerage

₹ 20

Currency Futures Brokerage

-

Currency Options Brokerage

-

Commodity Futures Brokerage

-

Commodity Options Brokerage

-
Margins

Equity Delivery Margin

0x

Equity Intraday Margin

8x

Equity Futures Margin

0x

Equity Options Margin

0x

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 on Mutual Funds
  2. Opening a trading and Demat account is quick and easy.
  3. Users can also purchase US equities, US ETFs, US FDs, and digital gold.
  4. Simple and intuitive user interface.
Cons

Disadvantages of this broker that it needs to improve upon.

  1. Commodity and Currency trading options are not available on Groww.
  2. It doesn't offer analysis, trading advice, or recommendations.
  3. Advanced orders, including GTT, Bracket, Cover orders, and AMO orders, are not accessible.
  4. It does not provides research report on stocks.
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

Aiming to simplify, streamline, and provide transparent trading and investing experience for its clients, Groww's trading platforms are constantly improving. Depending on your inclination, you may invest through a web browser or a mobile app, or you can move between them without any hassle.

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,

  • Access to financial reports on stocks for a better understanding,

  • Provision to apply for IPO.

If you are a Trader, the brokers provide you with

  • Similar user interfaces in trading platforms that avoid confusion,

  • App features an on-the-go facility, making trading possible from anywhere,

  • Wide range of charts and indicators,

  • Minimal brokerage charges on trading through Groww.

Trading Tools

Groww offers trading platforms that are user-friendly, simple to use, and secure for its users. The platforms offer hassle-free transactions to clients. Groww's trading tools include:

Website (Groww.in)

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

  • Financial reports of listed Indian corporations.

  • Blogs with instructional and educational content.

  • Simple web portal with easy-to-use features.

  • Opportunity to research and contrast stocks and mutual funds to make a better investment choice.

  • Provision of applying for an IPO online.

Mobile App (Groww App)

The mobile application is similar to their web platform. Investment in Stocks, MFs, Gold, US stocks, ETFs & FDs in just a few clicks. The application is easy to understand.

The Groww app has the following features:

  • Available for iOS and Android mobile platforms.

  • Uses a candlestick chart to follow the stock movement.

  • Has an easy-to-use user interface.

  • Provides access to over 5000 direct mutual funds.

  • Option for switching directly to mutual funds.

Charges Details

CHARGES

DELIVERY

INTRADAY

Transaction Charges

0.00345% - NSE
0.00345% - BSE

0.00345% - NSE
0.00345% - BSE

DP Charges

 â‚¹ 13.5 per company

 â‚¹ 0

GST

18% on Brokerage + Transaction

18% on Brokerage + Transaction

STT

0.1%

0.025%

SEBI Charges

0.0001%

0.0001%

Groww Complaints & Stats

Company name:

NextBillion Technology Private Limited

Contact:

+91-9108800604

Email:

support@groww.in
Groww Customer Reviews

Overall Rating

4.3

Based on 143 reviews

View all 143 Reviews

Rating Summary

5
62%
4
20%
3
4%
2
4%
1
6%

Review Analytics

Platform 5 votes

Charges 9 votes

Transparency 0 votes

Features 11 votes

Customer Support 7 votes

abhimanyu

(5)

Posted on 13 Aug 2022

Very nice platform for trading

samyel

(5)

Posted on 19 Jun 2022

Best UI interface with easy access investment options for wealth creation should be realistic and simple to use as

riyaz

(4)

Posted on 02 Jun 2022

Nice app

nitin gode

(5)

Posted on 08 May 2022

Best ??

anmol

(5)

Posted on 02 May 2022

This one is perfect in every sense, be it FAST, MORE TECHNICAL, USER FRIENDLY and it doesn't change any fee for account opening and maintaining.....that's why I LIKE THIS ONE !!

uni himanshu

(5)

Posted on 26 Apr 2022

Best app

ramnaresh gurjar

(5)

Posted on 24 Apr 2022

Good

ajmal khan

(5)

Posted on 24 Apr 2022

Great

rahul yadav rocky

(4)

Posted on 20 Apr 2022

Nice

ayush pathak

(5)

Posted on 19 Apr 2022

User friendly with great UI & support team.

mohan kumar

(5)

Posted on 16 Apr 2022

One of the simple easy to use demat

swaraj das adhikari

(5)

Posted on 16 Apr 2022

Beginner friendly. Great for long term retail investors whose capital to invest is small so that they can save some amount by not paying for account opening and maintenance charges.

prateik chauhan

(5)

Posted on 10 Apr 2022

Better than all

sri ram pareek

(5)

Posted on 10 Apr 2022

good experience

s??ee? ??i?e?

(5)

Posted on 10 Apr 2022

Its best UI

swasti sundar pradhan

(1)

Posted on 08 Apr 2022

Very good ui and best for beginners

kanhai lal

(5)

Posted on 29 Mar 2022

Good ??

abhik adhikary

(2)

Posted on 29 Mar 2022

There are too many hidden charges in Intraday trading.

gopal singh

(5)

Posted on 27 Mar 2022

Good app

barjinder singh

(5)

Posted on 20 Mar 2022

Easy and interactive interface

digvijay kaushik

(5)

Posted on 08 Mar 2022

Good and easy to use app

ritz

(5)

Posted on 03 Mar 2022

nice

microsoft jd

(5)

Posted on 30 Jan 2022

Good Fundamental

debayan mukherjee

(5)

Posted on 24 Jan 2022

Sleek and simple specially for the newbies

sourav sahana

(5)

Posted on 23 Jan 2022

Excellent