Groww - Online Demat, Trading and Direct Mutual Fund Investment in India (2024)

Groww is India’s growing financial services platform where users can find their investment solutions pertaining to mutual funds, stocks, US Stocks, ETFs, IPO, and F&Os, to invest their money without hassles.

Groww objectively evaluates stocks and mutual funds and does not advise or recommend any stocks, mutual funds or portfolios. Investors shall invest at their own discretion, will and consent. Groww, at any time, does not guarantee fixed returns on the capital invested.

Groww helps investors -

· By providing 100% paperless online free Demat and trading account opening

· By providing an objective evaluation of products available on the platform

· By being transparent about fees and charges involved while investing in a product

· By offering decision-making assistance by providing technical analysis with advanced charts, well-designed line & candlestick charts that indicate share price movements, and market indices, along with more details about all registered and listed companies

SECURE TRANSACTIONS ON GROWW

All transactions on Groww are safe and secure. Users can invest through SIP or Lumpsum using Netbanking through all supported banks. It uses BSE Star MF (with Member code 11724) as transaction platform.

TRADE AND INVEST SECURELY WITH GROWW

Stocks, Mutual fund investments, F&Os, etc., are very popular with individual investors because of their numerous benefits. On Groww, an investor can -

- Invest in Nifty 50 (NSE) & Sensex (BSE) listed stocks

- Diversify across multiple stocks and other instruments

- Start SIP with any amount (as low as Rs. 500)

- Switch regular funds to direct funds

- Start automated monthly investments (SIP), and benefit from many more features

All type of mutual funds are available on Groww.

INVESTING IN MUTUAL FUND PORTFOLIOS

Portfolio is collection of mutual funds designed to meet your investment goals. Investing in mutual fund portfolios helps you in diversifying your investments and reduces the risk. Portfolios also help you in assigning an investment goals and make it easy for you to save for and achieve your goals. You can create a portfolio yourself or ask an expert to build it for you.

ATTENTION INVESTORS

1. For Stock Broking Transaction 'Prevent unauthorised transactions in your account --> Update your mobile numbers/email IDs with your stock brokers. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day...Issued in the interest of Investors.

2. For Depository Transaction 'Prevent Unauthorized Transactions in your demat account --> Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from CDSL/NSDL on the same day...Issued in the interest of investors.

3. KYC is a one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (Broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.

4. If you are subscribing to an IPO, there is no need to issue a cheque. Please write the Bank account number and sign the IPO application form to authorize your bank to make payment in case of allotment. In case of non allotment the funds will remain in your bank account.

· Investors should be cautious on unsolicited emails and SMS advising to buy, sell or hold securities and trade only on the basis of informed decision. Investors are advised to invest after conducting appropriate analysis of respective companies and not to blindly follow unfounded rumours, tips etc. Further, you are also requested to share your knowledge or evidence of systemic wrongdoing, potential frauds or unethical behaviour through the anonymous portal facility provided on BSE & NSE website.

· Awareness regarding guidelines on Margin collection

1. Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020.

2. Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge.

3. Pay 20% upfront margin of the transaction value to trade in cash market segment.

4. Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard.

5. Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month.

Issued in the interest of Investors

DISCLAIMER

Groww Invest Tech Pvt. Ltd. (Formerly known as Nextbillion Technology Pvt. Ltd) (CIN: U65100KA2016PTC092879) is a member of NSE & BSE with SEBI Registration no: INZ000301838, Depository Participant of CDSL Depository with SEBI Registration no: IN-DP-417-2019 and Mutual Fund distributor with AMFI Registration No: ARN-111686. Registered office and Correspondence office - No.11, 2nd floor, 80 FT Road, 4th Block, S.T Bed, Koramangala, Bengaluru – 560034. For any grievances related to Stock Broking/DP, please write to [emailprotected] , please ensure you carefully read the Risk Disclosure Document as prescribed by SEBI.

Procedure to file a complaint on SEBI SCORES: Register on the SCORES portal. Mandatory details for filing complaints on SCORES: Name, PAN, Address, Mobile Number, E-mail ID. Benefits: Effective Communication, Speedy redressal of the grievances.

Groww Invest Tech Pvt. Ltd. (Formerly known as Nextbillion Technology Pvt. Ltd) makes no warranties or representations, express or implied, on products offered through the platform. It accepts no liability for any damages or losses, however caused, in connection with the use of, or on the reliance of its product or related services. Unless otherwise specified, all returns, expense ratio, NAV, etc are historical and for illustrative purposes only. Future will vary greatly and depends on personal and market circ*mstances. The information provided by our blog is educational only and is not investment or tax advice.

Mutual fund investments are subject to market risks. Please read all scheme related documents carefully before investing. Past performance of the schemes is neither an indicator nor a guarantee of future performance.

Terms and conditions of the website/app are applicable. Privacy policy of the website is applicable.

Groww - Online Demat, Trading and Direct Mutual Fund Investment in India (2024)

FAQs

Is it good to invest in mutual funds from Groww app? ›

Some companies like Groww provide online portal to invest in direct funds without any charges. It is 100% free and a paperless medium. This is the best and easiest way of investing in mutual funds.

Is a Groww Demat account good? ›

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.

Why is my mutual fund order rejected in Groww? ›

1. There was insufficient margin (Please note, that while taking a position, the amount of required fund is displayed on the order card. Please ensure that you have that balance before placing the order to avoid rejection.) 2.

Can I buy direct mutual fund through Groww? ›

Groww charges a 0% commission on MF investment. You can freely choose from over 5000+ direct mutual funds and start your investing journey anytime.

Is the Groww app approved by the RBI? ›

Fintech unicorn Groww has received approval from the Reserve Bank of India to operate as a payment aggregator.

What are the disadvantages of Groww app? ›

However, online trading with Groww has several set of disadvantages also such as follows;
  • Limited investment offerings as commodity and currency derivative products are unavailable.
  • Delivery trading with Groww is not free.
  • No branch offices to offer offline customer support.
  • No customer care number.
Jan 5, 2024

What if Groww shuts down? ›

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

Is there any risk with Groww app? ›

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.

How much commission does Groww take? ›

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.

Why I am not able to sell my shares in Groww? ›

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.

Why I don't invest in mutual funds? ›

However, mutual funds are considered a bad investment when investors consider certain negative factors to be important, such as high expense ratios charged by the fund, various hidden front-end, and back-end load charges, lack of control over investment decisions, and diluted returns.

How much time it takes to get money after selling shares in Groww? ›

The money will reach your Groww Balance immediately. As per SEBI regulations, only 80% of the delivery sell amount is made available to invest within half an hour after the sell transaction, while the remaining 20% will be added to your Groww balance and made available to invest by the end of the day.

Is it safe to buy mutual funds from Groww? ›

The investments are made through a platform, but deposited with SEBI. It doesn't matter which platform you use, your money is centralized and stored with government.

Which platform is best for direct mutual fund investment? ›

It is easy to understand, and the best part is that you can start with a small amount of money.
  • Kuvera. ...
  • KFinKart Investor Mutual Funds. ...
  • ET Money Mutual Fund App. ...
  • Fisdom: Stocks, IPOs & MFs. ...
  • Groww Stocks, Mutual Fund, UPI. ...
  • INDmoney Stocks & Mutual Fund. ...
  • Zerodha Coin. ...
  • Upstox.

How much does Groww charge for SIP? ›

Similar to investing in a new or an existing smallcase, the fees on your investments via SIP will also be capped at 1.5%. You won't be charged while rebalancing, managing, or exiting your smallcases. Other statutory charges such as GST, STT, brokerage, etc will be applicable as usual.

Is it safe to invest in mutual funds through apps? ›

Security: Reputable mutual fund apps typically employ robust security measures to protect your financial information and transactions, including encryption and two-factor authentication. Diversification: Mutual funds pool money from multiple investors to invest in a diversified portfolio of assets.

Is there any charges in Groww for mutual funds? ›

Investing in Mutual Funds on Groww is free, but there are fees and charges from the AMC (Asset Management Company).

Can I redeem mutual funds from Groww app? ›

On Groww, we allow you to redeem your mutual fund investments by entering a certain number of units or by directly entering the amount you want to redeem. You can choose the toggle next to 'Enter'. You can wish to receive the redeemed amount in your Groww balance amount or your bank account.

Is the Groww app profitable? ›

Bengaluru-based fintech startup Groww has turned profitable as it registered Rs 1,277 crore in revenue in FY23, a huge 266 per cent surge. The Zerodha rival reported a net profit of Rs 448.7 crore in FY23 against Rs 239 crore in net loss in the previous fiscal year.

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