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Groww Review 2024, Stock Trading, Demat, Brokerage Charges

Groww Review, Stock Trading, Demat, Brokerage Charges & More

In this article, we are discussing everything you need to know about the Groww Review 2024, Check brokerage charges, margin, trading platform, Demat and trading account charges, branches, customer care contact, pros, cons, and more about Groww.

Groww, a discount brokerage business located in Bangalore, was founded in 2016. Groww began as a completely free direct mutual fund investment platform. Groww’s online platform, which includes an app and a website, allows users to invest in direct mutual funds from 45+ asset management companies with no brokerage or commission, making it the finest broker for mutual fund investments.

It was originally simply direct mutual fund schemes that were offered by the broker, but as time went on, it began to provide a wider range of investment products. Groww will introduce equities trading in June 2020, allowing anyone who has created a Free Demat and Trading Account to trade stocks. As of now, offers equity intraday and delivery trading as well as digital gold, IPOs, ETFs, and US stocks, and it will soon offer bank FDs for risk-averse clients. Groww app and Groww web are incredibly quick, simple, and transparent online platforms. This is just another reason why Groww is becoming increasingly popular among beginners and newbies.

As a Bangalore-based broker offering online discount brokerage services for equity, IPO, and mutual funds, offers flat fee discount brokerage services. ‘Groww’ is the brand name of Nextbillion Technology Private Limited, a SEBI-registered stockbroker and member of both the National Stock Exchange and the Bombay Stock Exchange.

More About Groww:

Online broker Groww offers a wide range of financial services. There are no suggestions, recommendations, or research services, like full-service brokers. Learn the basics of stock market trading and investing with Groww’s free eBooks, insightful and educational blogs, and other tools.

For each performed deal, Groww charges a flat fee of Rs 20 or 0.05 percent. The brokerage for an order is limited to Rs 20 regardless of the number or amount. There are no fees to invest or redeem mutual funds while using Free Mutual Fund Services.

In addition to Groww (web and mobile trading app), Groww also has its own trading platform that gives investors a smooth trading experience. 128-bit encryption makes it safe and secure software. In November 2020, Groww will have a client base of 90+ lakh people. Google Play Store and Apple App Store have both given it a high rating (4.3+).

Groww Review: Advantages and Disadvantages:

What I Like (Pros):

  • Zero-brokerage investing in mutual funds Register for a free Groww Demat and Trading Account now.
  • There is no commission on free delivery trade. Intraday stock trading commission of Rs. 20 per order, or 0.05 percent.
  • With Groww web, you may invest in an IPO online.
  • Trading systems like the Groww app and the online are super-fast, transparent, convenient, and easy to use.
  • Check out the equities in the United States and consider investing in other markets.
  • The customer service team is available 24/7 to provide assistance.

What I Don’t Like (cons):

  • Commodity and currency trading is not available to the general public.
  • Inhabitants are not allowed to create a 3-in-1 account (Demat, Trading, and Bank).
  • No trading for non-residents of the United States is available.
  • A toll-free number or call centers are not available anywhere.
  • Call & Trade is not available at this time.
  • In the lack of a real branch office, there is no offline presence.

Groww Online Account Opening charges:

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

Groww Brokerage Plane & Charges:

It is a discount brokerage firm that charges a set commission of Rs. 20 per order or 0.05 percent, whichever is lower, on trading in several categories and provides free delivery trading.

Segment TypeBrokerage
Equity intraday
Rs. 20 per executed order or 0.05%, whichever is lower
Equity DeliveryFree
Equity futures
Rs. 20 per executed order or 0.05%, whichever is lower
Equity OptionsRs. 20 per executed order
Direct Mutual Fund InvestmentFree

Groww Other charges:

  • Groww DP charges Rs. 8 + Rs. 5.5 = Rs. 13.5 + applicable GST.
  • Payment gateway charges: Rs. 9 + GST.
  • Auto Square off charges: Rs. 50
  • Account Modification charges: Rs. 50

Groww Margin:

Depending on the stock, the Groww margin for intraday trading might be up to 6x. The intraday trading margin for Groww F&O on the BSE, NSE, and MCX is 1.3x across equity, currency, and commodity trading. Groww F&O carry forward positions and equity delivery trades are not eligible for extra margin.

Segment TypeMargin
Equity Delivery1x (no margin)
Equity IntradayUp to 6x (based on the stock)
Equity Futures & OptionsIntraday – 1.3x, Carry forward – 1x of NRML margin (Span + Exposure)
Currency Futures & OptionsIntraday – 1.3x, Carry forward – 1x of NRML margin (Span + Exposure)
Commodity FuturesIntraday – 1.3x, Carry forward – 1x of NRML margin (Span + Exposure)

Open a Demat and Trading Account with Groww:

Indian nationals can create a Groww 2-in-1 account, which includes both a Demat and a trading account. Through the Groww app or website, the broker offers an online onboarding procedure.

Groww Demat Account:

Groww Demat account, as a CDSL depository participant, allows clients to hold stocks, mutual funds, IPOs, digital gold, and other securities in an electronic format. Residents can create a free Groww Demat account with no account opening fees and no monthly maintenance fees.

Groww Trading Account:

Buy and sell stocks, mutual funds, digital gold, and ETFs, and apply for an IPO online with a Groww Trading Account. The broker is now offering a no-cost trading account opening service. It should be mentioned that Groww simply helps residents get started with internet trade.

Groww Trading Software (Groww Trading Platforms):

It provides a web-based trading platform (Groww web) as well as mobile trading software (app) to its customers.

Groww (Mobile Trading App):

Using Groww’s mobile-based trading platform, you may trade from anywhere and at any time. To invest in equity and mutual funds, it is provided free of charge to the consumer. It has a lot of features including line and candlestick charts displaying price movements, one-click buy/sell, free material and videos relevant to stock investing for newbies, comprehensive company information, etc.

Groww (Web-Based Trading Platform):

Web-based trading platform It provides its consumers with an exciting online trading experience through its website. In addition to exploring equities, mutual funds, and digital gold, consumers may make orders online, follow transactions and participate in initial public offerings (IPO). On the website, you’ll find educational and general information on the financial markets, including resources, E-books, and blogs.

Groww Products & Services:


There are just a few investing choices available:

  • Equity trading
  • Commodity trading
  • Currency trading
  • Options
  • Futures
  • Mutual Funds

These numerous investing alternatives are your paths to a profitable investment. and its Products can provide enormous profits if the proper investing plan is implemented.

They have a plethora of investing alternatives open to them, the most appealing of which are mutual funds.

They have a variety of alternatives accessible to them, all of which collectively focus on assisting individuals with their investing goals. Diversification is essential for investors to get worthy and significant profits.


Here is a list of Services offered by the firm.

  • Demat services
  • Trading services
  • Intraday services
  • IPO services
  • Trading exposure

Groww’s services meet the most important criteria, which are a Demat and trading account. The house offers both accounts to its investors at reasonable prices.

Demat accounts are used to safely store all securities in electronic form, whilst trading accounts allow you to transact and sell or purchase a collection of assets.

Because of its ability to generate profits on a daily basis, intraday trading is gaining popularity.

Groww offers intraday trading as an investment alternative, meeting the needs of other investors.

IPO investing is also a highly return-driven type of investment, and you may select to invest in the most recent and successful IPO to enter the market with Groww.

A substantial benefit is also provided to investors, namely trading exposure. This service allows customers to invest in assets that are worth more than the cash in their accounts.

Groww Customer Ratings & Review 2024:

Product & Services8.52/ 10
Broking Experience8.63 / 10
Trading Platform8.01 / 10
Research & Advisory8.04 / 10
Brokerage Charges & Fees8.02/ 10
Overall Rating8.23/10
Customer Rating★★★★

Groww Complaint:

ExchangeFinancial YearNumber of ClientsComplaints%


Groww is without a doubt the greatest platform for investing in commission-free direct mutual funds. Investors in mutual funds can create a Groww account and invest in direct schemes from 45+ AMCs. Furthermore, the broker’s free equity delivery trading and flat commission on intraday trading made it a popular choice among traders. The broker also makes it easier to invest in digital gold and IPOs on the web. Groww App is India’s fastest-growing platform, with over 90 lakh users, however, commodities and currency dealers cannot utilize it for online trading. Furthermore, the absence of contact centers and the lack of physical branches are the most significant limitations that have a direct impact on customer service.

5/5 - (2 votes)

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