by admin | January 6, 2024

Last updated on May 24, 2024

Groww is a famous Indian investment platform. It makes it easy to invest in stocks, mutual funds, gold, ETFs, and FDs. People like it because it’s easy to use, doesn’t charge fees for mutual funds, and focuses on teaching and research. That’s why lots of different investors like to use Groww.

We will look at the features, charges and other factors of Groww which makes it a technologically advanced and smart platform. In this Groww review, you can also compare it with other popular platforms. So let’s get started with this Groww review with the overview of the platform.

Groww Review
Image Via Groww

Groww Overview

Company TypePrivate
FounderLalit Keshre
Establishment Year2016
Broker TypeDiscount Broker
Active Clients91 Lakh+

Groww started in 2016 as a platform for investing directly in mutual funds. In 2020, it added more things to invest in, like stocks, gold, and fixed deposits. Now, Groww has over 15 million members. It’s one of the biggest places to get mutual funds in India. Every month, it helps with more than 250,000 SIPs.

Features of Groww

  • User-centric approach with an easy investment experience
  • Available on mobile apps and browser-based trading portal
  • Investing in direct mutual funds through Groww does not involve any commission or brokerage charges.
  • Fixed discount brokerage fee of ₹20 per order for trading in stocks and equity F&O
  • No charges for opening an account or maintaining a demat account with Groww.
  • 100% digital account opening process
  • Option to invest in gold, US stocks, IPOs, SGB, and ETF
  • Easy access to back-office and portfolio management
  • Valuable intraday tips for making sound business decisions
  • Margin up to 5x for intraday trading
  • Enhanced security with 128-bit SSL encryption
  • Single-click buying and selling
  • Easy SIP investment with over 2.5 lakh SIPs submitted per month

Groww brokerage charges

Type of chargesDescriptionCharges applied
Equity deliveryThe broker levies a charge on purchase orders when equity is deposited into a Demat accountFree on Groww
Equity intradayCharged by the broker if you buy/sell on the same dayRs.20/executed order or 0.05% of order value (whichever is lower)
AMC (Account maintenance charges)For managing your trading and Demat accountFree on Groww
DP charges – Buy orderCharged by DP for depositing stocks to Demat accountFree on Groww
DP charges – Sell orderCharged by DP for withdrawing stocks from Demat accountRs.8 + Rs.5.50 (CDSL charges) per ISIN (company/ETF) per day on Groww regardless of quantity sold
Transaction ChargesCharged by exchange for trading– 0.00325% of order amount on NSE– 0.003% of order amount on BSE(applicable on both buy and sell)
Clearing ChargesCharged by NSSCL clearing member and ICCL Free on Groww
Payment gateway chargesCharges for depositing money in Groww BalanceFree on Groww
Stamp DutyCharged by state government as stamp duty for contract noteMaximum of 0.018% (but different for each state)
SEBI turnover chargesCharged by SEBI for regulating the markets0.00%
Securities Transaction Tax (STT)Charged by the government when you do transactions on exchanges– 0.1% of the order amount in case of equity delivery– 0.025% of the order amount in case of equity intraday
GSTGoods and services tax18% applied on charges wherever applicable

People Also Read:- Lowest Brokerage Charges In India

Groww demat account charges

Trading Account Opening Charges:Free
Trading Account AMC:Free
Demat Account Opening Charges:Free
Demat Account AMC:Free

How to open an account with Groww?

  1. Download the Groww app on your phone or PC from the Play Store or App Store
  2. To register type your email and mobile number
  3. Then enter the OTP received on your number and verify it
  4. Now enter your other details such as your PAN card, and bank details, and verify them.
  5. You will find a ‘Stocks’ tab, click on it and then click on ‘Complete setup’ and then click ‘ Open stocks account’.
  6. The offers free account opening and does not charge you various charges such as Groww app charges and Groww AMC charges. 
  7. Next, you will have to complete the KYC registration process. For this enter your occupation, income details, parent’s name, etc, and then click on ‘Next’.
  8. Choose your trading experience from the dropdown menu and then proceed by tapping on ‘Next’.
  9. Upload your signature 
  10. Complete your Aadhar based e sign process
  11. Read the account opening instructions and click on ‘Sign now’
  12. Then you will be redirected to the NSDL e-sign portal. Type your 12-digit Aadhar number and click on ‘Send OTP’. Now enter your OTP and complete the ensign process.
  13. Your account will be activated 24 hours after the verification. After this, you will get the client master report with the BO ID or Demat account number on your email ID.

People Also Read: Best Demat Account in India

Groww Trading platforms

Groww Android App DownloadAndroid App
Groww iOS App DownloadiOS App
Groww Web Trading Platform DownloadWeb Trading

Groww Android and iOS mobile app

Groww released this app in 2016. It has a smart design that’s easy to use. This makes it great for people who are new to investing. With Groww, you can open an account without any paperwork. The app also lets you create lists of stocks you’re interested in, place orders quickly with just one tap, and view detailed charts showing how stocks have performed over time. Plus, you get access to real-time market data.

Groww web trading platform

Groww has a free online trading platform on the web. You can go to their website, log in to your account, and start investing in different things like stocks, mutual funds, gold, and more. They also have a place called Groww Academy on Groww Digest where beginners can learn about the stock market and read the latest news.

People Also Read:Best Trading App in India

Groww Pros and Cons

Groww ProsGroww Cons
Zero commission on investment in mutual funds.You cannot trade in commodities and currencies.
Quick and easy account opening process.No analysis, trading advice, or recommendations offered.
Trading in US equities, US ETFs, US FDs and digital gold available.You cannot access advanced orders such as GTT, bracket, cover orders, and AMO orders.
Simple and smart user interface.No research report on stocks is available.
No margin facility available.

Groww Customer Support

Trading Support:-
Dedicated Dealer:-
Call Support:- 
Email Support:- 
[email protected]
Compliance Officer:- 
Call:- 8061933732
Email:- [email protected]
Groww Website
Head of Customer care:-
Call:- 8046161210
Email:- [email protected]

Groww Review & Rating By PaperTradingApp

Reviews for Groww

Charges Review

  • Free equity delivery trading and minimal brokerage charges.
  • Free account annual maintenance.
  • GST is additionally charged on exchange transaction charges and auto square-off charges.
  • Auto square-off charges are comparatively higher.

Customer service review

  • The platform provides both email and chat support.
  • They also offer a raising facility.
  • Calling for assistance is only provided upon request.

Ease of use review

  • Similar trading platforms (App and web) to avoid any confusion.
  • User-friendly interface.
  • Groww offers direct mutual fund investment plans however in some schemes they offer regular plans also.

Groww Rating

Customer Rating
Trading Platform9.3/10
Product & Services9.1/10
Brokerage Charges9.2/10
Overall Rating8.5/10
Star Rating★★★★★
Customer Reviews1167

Groww comparison with other brokers

In this chart, you can compare Groww vs Zerodha and other popular brokers. It will give you an idea about various features including charges and trading offerings of these brokers.

BrokerGroww5PaisaZerodhaUpstoxPaytm Money
Service TypeDiscount BrokerDiscount BrokerDiscount BrokerDiscount BrokerDiscount Broker
Brokerage RangeRs 20Rs 20Rs 20Rs 20Rs 20
Account Type2 in 12 in 13 in 13 in 12 in 1
Equity Delivery0.05% or Rs 20 whichever is lowerFlat Fee Rs 20Free2.5% or Rs 20 whichever is lower 2.5% or Rs 20 whichever is lower
Equity Intraday0.05% or Rs 20 whichever is lowerFlat Fee Rs 200.03% or Rs 20 whichever is lower0.05% or Rs 20 whichever is lower 0.05% or Rs 20 whichever is lower
Equity FuturesFlat Fee Rs 20Flat Fee Rs 200.03% or Rs 20 whichever is lower0.05% or Rs 20 whichever is lower 0.02% or Rs 20 whichever is lower
Equity OptionsFlat Fee Rs 20Flat Fee Rs 20Flat Fee Rs 20Flat Fee Rs 20Flat Fee Rs 20
CommodityNot AvailableFlat Fee Rs 20Flat Fee Rs 20Flat Fee Rs 20NA
Currency FuturesNot AvailableFlat Fee Rs 200.03% or Rs 20 whichever is lower0.05% or Rs 20 whichever is lower NA
Currency OptionsNot AvailableFlat Fee Rs 20Flat Fee Rs 20Flat Fee Rs 20NA

People also read:- Zerodha Vs. mStock


In this Groww review, we’ve looked at different parts of the platform. From what we’ve seen, Groww is a new trading platform that’s getting popular. It gives investors high-tech features and an easy-to-use interface. But if you want to trade with borrowed money (margin trading), Groww doesn’t offer that. Apart from this, Groww is great for new investors. Opening an account is fast and simple, and their app and website are easy to use for trading.

FAQs on Groww Review

Check out several frequently asked questions (FAQs) regarding Groww Review here.

Q.1. Does Groww offer a margin trading facility?

Ans:- As of now, Groww does not offer a margin trading facility.

Q.2. What are the Groww account opening charges?

Ans:- Groww offers free account opening process as well as free account maintenance.

Q.3. How do I access the Groww brokerage calculator?

Ans:- You can visit this website to access the Groww brokerage calculator online.

Q.4. Can I trade in commodities and currencies on Groww platforms?

Ans:- No, as of now Groww does not offer trading in segments like commodities and currencies.

Q.5. Do I need to maintain a minimum balance in Groww?

Ans:- No, Groww typically does not require users to maintain a minimum balance in their accounts. Groww operates as a platform for investing in mutual funds and stocks, and there is generally no obligation for users to maintain a specific minimum balance.

Q.6. Is Groww a discount broker?

Ans:- No, Groww is not a discount broker. Groww primarily functions as an online investment platform, offering a user-friendly interface for investing in mutual funds, stocks, and other financial instruments. It provides a straightforward and commission-free approach for users to start their investment journey.

Q.7. How to add funds in Groww app using UPI?

Ans:- To add funds to your Groww account using UPI:

  • Open the Groww app and log in.
  • Navigate to the ‘Funds’ or ‘Add Money’ section.
  • Choose the UPI option as your preferred payment method.
  • Enter the amount you want to add.
  • Follow the on-screen instructions to complete the UPI payment process.

Q.8. Is Groww SEBI Registered?

Ans:- Yes, Groww is registered with SEBI (Securities and Exchange Board of India), the regulatory authority for the securities market in India. SEBI registration ensures that Groww operates within the regulatory framework and complies with the necessary guidelines to provide investment services.

Q.9. Is Groww a CDSL or NSDL participant?

Ans:- Groww is a participant of CDSL (Central Depository Services Limited). CDSL and NSDL (National Securities Depository Limited) are two central depositories in India that hold and maintain electronic securities. Groww’s association with CDSL enables seamless and secure electronic holding of securities for its users.

1 thought on “Groww Review: Brokerage, Stock Trading, and Demat Account

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