Groww

Overview

Groww is a Bangalore-based online brokerage firm operating under Groww Invest Tech Pvt Ltd, a SEBI-registered broker and member of the NSE and BSE. Initially, it began as a direct mutual fund platform, and subsequently expanded its offerings to include stocks, IPOs, ETFs, and derivatives.

Groww employs a flat-fee discount brokerage model. For equity and intraday transactions, the brokerage fee is determined as the lower of Rs 20 or 0.05% per executed order. In the F&O segment, the platform implements a flat per-order charge structure in accordance with segment rules. Additionally, it provides commission-free direct mutual fund investment opportunities.

Groww is designed as a fully digital platform, featuring paperless onboarding, web and app-based trading capabilities, and educational resources tailored for retail investors.

Groww Member Code and SEBI Registration

Key Strengths of Groww

• Open an online account instantly, eliminating the need for paperwork.
• Benefit from a competitive discount brokerage model.
• Invest in direct mutual funds without paying any commission.
• Enjoy a unified app experience for trading stocks, IPOs, and mutual funds.
• Appreciate high app ratings and a strong, active client base.
• Utilize a beginner-friendly UI, complete with educational content and ebooks.

Key Highlights of Groww

• Invest in direct mutual funds with zero commission.
• The maximum brokerage charge per trade is Rs 20.
• Experience instant and paperless online account opening.
• Enhance your knowledge through informative blogs and ebooks.
• Take advantage of the option to switch external regular mutual funds to direct mutual funds.

Groww Online Account Opening

Groww provides a streamlined online account opening process that is instantaneous, paperless, and hassle-free. The account opening process is complimentary, and there are no maintenance fees.

To establish a trading and Demat account, users can sign up on the Groww website or mobile application and complete the onboarding process digitally.

As an online brokerage firm with no physical branch network, Groww does not offer an offline account opening procedure.

Account Opening and AMC Charges

Groww Trading Software (Groww Trading Platforms)

Groww facilitates trading through both mobile and web platforms, enabling users to transition smoothly between the application and website.

Having originated as a mutual fund investment platform, Groww's product experience remains exceptionally strong for mutual fund investors, while also catering to equity trading.

1. Groww Mobile App

The mobile trading platform enables users to trade at any time and from any location. It is offered at no cost and supports trading in equities, F&O, IPOs, and mutual funds.

It features tools such as market charts, one-click buy/sell interfaces, stock information, and educational resources tailored for beginners.

2. Groww Web Platform

A web-based trading platform for placing orders, monitoring portfolios, tracking transactions, and investing in stocks, mutual funds, digital gold, and IPOs.

The web experience also incorporates learning resources, including blogs and ebooks.

3. 915 by Groww

An advanced web-based trading terminal designed for active and high-volume traders, focusing on speed, in-depth market insights, and customization.

Brokerage Charges 2026

Groww Brokerage Plan

Groww has established a consistent brokerage framework, imposing a fixed charge of Rs 20 per executed order for equity delivery, intraday, and futures and options trades (or 0.05%, whichever is lower where applicable). The maximum brokerage payable per order is limited to Rs 20 across primary trading segments.

In addition to brokerage fees, transaction and regulatory fees, and Demat-related fees are applicable in accordance with exchange and statutory regulations.

Other Charges

• Auto square-off charge: Rs 50
• Statutory and exchange fees apply separately (STT, exchange fees, GST, SEBI fees, stamp duty).

Pros and Cons

Groww Pros (Advantages)

• Opening an account is free and has no annual maintenance charge.
• The brokerage model is based on low costs and discounts.
• Mutual funds are available directly with no commission fees.
• The online registration process is seamless and the user interface is straightforward.
• It supports applications for initial public offerings and offers multiple investment options.
• There is an option to invest in digital gold.
• Trading in shares of small and medium-sized enterprises is available.

Groww Cons (Disadvantages)

• The platform does not offer stock recommendations or advisory services.
• The support model is primarily digital, with limited offline support expected.

Margin and Leverage

The intraday margin for equities on Groww can be as high as 5x, depending on the specific stock. Meanwhile, the margin rules for F&O and delivery products adhere to the standard guidelines set by the exchange.

Ratings Snapshot

Based on aggregated user feedback from the source material.

Complaints Snapshot

The number of clients represents the total count of active customers served by the brokerage firm, while complaints denote the instances logged on the exchange during the specified timeframe.

Related Articles

• Exploring Brokerage Fees via Visual Aids.
• A Breakdown of Broker-Imposed Transaction Charges using Case Studies.
• Minimum Brokerage Fee Structures Illuminated with Sample Scenarios.

Frequently Asked Questions

1. How Groww works?

Groww is a digital investment platform offering a range of products, including stocks, bonds, ETFs, NFOs, and digital gold in the form of gold ETFs and gold funds. The platform provides free account opening with no maintenance charges.

To utilize the services offered by the company, you must open a trading and Demat account with Groww. Additionally, you need to have a savings account with any bank in India. The Demat account is linked to your trading account. Once all accounts are set up, you can trade with Groww through their web or mobile app platforms.

Groww does not provide investment advice, recommendations, or tips. However, the platform publishes extensive content and information about capital markets to help investors make informed decisions.

Groww operates on a flat fee model, charging a lower of Rs 20 or 0.05% of trade value as a brokerage charge for equity trades.

2. How is Groww?

Groww is a low-cost broker that offers free account opening and zero maintenance charges. The platform charges a lower of Rs 20 or 0.05% of trade value as a brokerage charge for equity trading. Investing in mutual funds on Groww is free, with no transaction or redemption charges.

Groww is a SEBI-registered broker and a member of NSE and BSE under Groww Invest Tech Pvt Ltd. It is also a depository participant with CDSL.

The platform provides web and mobile trading platforms under the Groww brand. It is one of the fastest-growing investment platforms in India.

Overall, Groww is considered a reliable broker with a strong presence in the mutual fund space.

3. How to invest in Groww?

To start investing with Groww, first open a trading and Demat account with Groww through the web or mobile app. Once your account is set up, log in and begin investing.

For mutual funds, navigate to the mutual funds tab, select a fund based on your risk profile, click Invest Now, and complete the payment via SIP or lumpsum mode.

For stocks, go to the stocks tab, select the stock you want to buy or sell, and place the order with your desired quantity. Ensure your account has sufficient funds or securities before placing orders.

4. How to close a Groww account online?

It is not possible to close a Groww account online. You need to download the account closure form and send the duly filled physical form to the broker's office.

Steps to close the Groww account:

1. Download the Equity Demat and Trading Account Closure Form from Groww Download Forms.
2. Fill in the required details, including Client ID, correspondence address, and closure reason.
3. Sign and courier the form to the address mentioned in the closure form.

Before closure, clear all outstanding dues and transfer securities from your Demat account (if any) to another Demat account.

5. How to transfer funds to Groww?

Groww has an internal balance account called Groww Balance to make investing and trading convenient.

Steps to transfer funds to Groww Balance:

1. Log in to Groww through the web or app.
2. Go to your profile section.
3. Click Add Money.
4. Choose UPI or Net Banking.
5. Complete payment authorization.
6. After successful payment, your Groww Balance gets updated.

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

No. Groww does not require any minimum balance in Groww Balance. You can keep any amount as per your preference.

7. What are the payment options available at Groww?

Groww offers multiple funding options:

• Transfer funds to Groww Balance using UPI or Net Banking.
• Transfer transaction-wise funds using NEFT or Net Banking.
• Set up one-time mandate for SIP using Autopay via OTP or form.

8. What is Groww?

Groww is a modern investment platform that started as a direct mutual fund platform and expanded into multiple asset classes.

Groww is an online discount broker that allows investment in stocks, bonds, ETFs, NFOs, digital gold, and trading in intraday, F&O, and commodities.

9. How to close Groww account?

The Groww account can be closed offline by submitting an account closure form to Groww's head office. Groww does not offer account closure through email, phone, or online process.

Steps to close Groww account:

1. Go to Download Forms on the Groww website.
2. Download the Equity Demat and Trading Account Closure Form.
3. Fill the form with the required details.
4. Attach the required supporting documents.
5. Courier the form and documents to the listed address.

Account closure usually completes in 10 to 15 working days after receipt. Before closure, clear dues, transfer holdings, and avoid using the account during closure processing.

10. Is Groww a discount broker?

Yes. Groww is an online discount broker offering flat-fee discount brokerage services for equity, F&O, and IPO.

Unlike full-service brokers, Groww does not provide trading tips, market research, or relationship manager services.

Groww charges a maximum brokerage of Rs 20 per order and provides its own web and mobile trading platforms.

11. Is the Groww app a Demat account?

The Groww app is a mobile platform to invest in stocks, F&O, mutual funds, and IPOs. It is not itself a Demat account.

To trade, you need to open a Demat and trading account with Groww. Groww offers free Demat account opening with zero AMC.

12. Does Groww take brokerage?

Yes. Groww charges up to Rs 20 as brokerage for equity and F&O trading.

Groww does not charge brokerage or commission on mutual fund investments.

13. Is Groww app good for mutual funds?

The Groww mutual fund app is one of the highly rated apps for direct mutual fund investing.

Key features include:

• Zero fees and no hidden charges.
• Safe and secure app.
• Smooth user interface.
• SIP and lumpsum investment options.
• Dashboard to track investments and returns.
• Option to switch regular funds to direct funds.
• Fund comparison tools and educational resources.

14. How to delete Groww Demat account online?

It is not possible to delete a Groww Demat account online. You need to submit a filled and signed physical account closure form to the broker's office.

Before closure, transfer or sell holdings and clear all dues. You will receive confirmation from CDSL and Groww once the closure is complete.

15. Can we buy IPO in Groww?

Yes. Groww allows IPO applications online through the app or web at no extra cost if you have:

1. An active Groww account.
2. A UPI ID.

If you do not have UPI, you can apply via ASBA through your bank and provide your Groww Demat account details.