FAQs About Investing in Stocks On Groww Answered (2024)

FAQs

Is Groww good for investing? ›

Well, to clear all the clouds of doubts, yes, Groww is the safest platform you could use to invest and grow (rather Groww) your financial standings.

In Short. Investment platform Groww recently faced social media backlash after a user alleged that the company debited money from his account without making an investment. The user claimed that the Groww app failed to invest his money into a mutual fund scheme and generated a false folio number.

There are no account maintenance charges on Groww. Investors will be charged Rs. 20 or 0.05% of the order amount, whichever is lower, for every order.

Your mutual fund investments reside at asset management companies (AMCs). Therefore, if, theoretically, Groww shuts down, your mutual funds are safe at the AMC.

Groww Cons (Disadvantages)

Limited investment products with no option to trade in commodity, and currency segment. No Call and Trade services. Do not provide stock tips, research reports, or recommendations.

This will depend upon your financial goals. If you are investing in building a retirement corpus, then your investment period would be longer than investing in your children's higher education. This is essential since different types of stocks can have different investment period requirements.

Zerodha is having overall higher rating compare to Groww. Zerodha is rated 4.5 out of 5 where Groww is rated only out of 5.

It is possible that sometimes the "Sell" button is grayed out. This happens when you just bought T2T category stocks. To sell these stocks, you will have to wait till they get delivered to your Demat account as per the SEBI regulation which takes 1 trading day, from the date you place a successful buy order.

Groww is free for mutual fund investments with no transaction charges, no redemption charges, or any other hidden charges. Groww also offers free account opening with zero maintenance charges.

Does Groww allow US stocks? ›

Groww launched US stocks to enable investing in the US market to resident Indians. But due to some factors in the ecosystem that were beyond our control, users wouldn't have the great experience, which they do when they invest in Indian markets.

Minimum Investment required is Rs 1000. Maximum Investment allowed is Rs 15 lakh.

Yes Groww is a safe platform to invest in stocks and mutual funds. The second part of the question is blantantly invalid as Groww is just a platform or facilitator to invest in stocks and mutual funds. The returns are purely and solely depends on every individual portfolio of stocks and mutual funds.

The day after your buy is day two. It is often referred to as T + 1 Day or Trade Day + 1. On this day, your broker's fees, and the amount for the acquired shares are paid to the stock exchange. Additionally, the shares are credited to the broker's account and debited from the seller's DEMAT Account on this day.

Overview. Typically, when a brokerage firm fails, the Securities Investor Protection Corporation (SIPC) arranges the transfer of the failed brokerage's accounts to a different securities brokerage firm. If the SIPC is unable to arrange the accounts' transfer, the failed firm is liquidated.

Groww's app offers a more fluid and user-friendly experience, while Zerodha's Kite and Kite Web apps are more feature-rich and ideal for active traders. Generally, Groww's features are geared towards novices and those searching for a simplified investing experience with instructional resources.

Groww follows a flat fee model. It charges a lower of Rs 20 or 0.05% of trade value as the brokerage for equity trades (intraday and delivery). The minimum brokerage charged by the broker is 0.05% of trade value and the maximum brokerage charged is Rs 20. For example, if you buy 100 shares of ABC Ltd.

Groww Turns Profitable in FY23

Groww's total income in FY23 was around Rs 1,427 crore. “The benefits of the expenses that were spent during FY22 have started coming in for FY23 and there is significant growth in terms of activity and growth from other businesses as well,” said an industry expert closely tracking Groww.

Invest in Dividend Stocks

A stock portfolio focused on dividends can generate $1,000 per month or more in perpetual passive income, Mircea Iosif wrote on Medium. “For example, at a 4% dividend yield, you would need a portfolio worth $300,000.