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We aim to draw your attention to the Groww Review, cleanly and neatly put together in the article.

This is a full guide for investors who wish to seek investment options through the well-known stock broking house Groww.

The facilitation rendered by a broker is very important to weigh, as this determines your returns partially.

So, this article will give you the end-to-end insights of Groww, so you can weigh them all and see the worthiness of investing with it.

You can also use the information in this article as a medium of comparison to compare multiple companies and finally select one.

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Table of Contents

Groww Ratings & Review by Top10StockBroker

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


About Groww

Company TypePrivate
Broker TypeDiscount Broker
HeadquartersBangalore, India
FounderLalit Keshre
Established Year2016

Inbuilt with contemporary attributes in the app, Groww is an innovative platform. The company was set up in the year 2016. It was founded by Lalit Kesher.

It is referred to as having the ideals for millennials and newbies, as technology is the prime being in the company.

Everything is done electronically, giving ease of investment option, as everything can be done on online platforms without physical mobility.

As far as their expansion is concerned, they have acquired a huge client base and expanded by partnering with 34 mutual Fund houses.

This company is based out of Bangalore, where the company’s headquarters are located at present.

They have a way of providing fast, easy, and transparent financial solutions to their customers, which is why the demand for Groww has increased in the recent times and the position of Groww in the market has reached in the Top 10 Stock Brokers in India, and investors are leaning over on them massively.

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    Groww Brokerage Charges

    Brokerage Charge & FeesGroww
    Equity DeliveryRs 20 per executed order or 0.05% whichever is lower
    Equity IntradayRs 20 per executed order or 0.05% whichever is lower
    Equity FuturesNA
    Equity OptionsNA
    Currency FuturesNA
    Currency OptionsNA
    Minimum BrokerageZero
    Demat AMC ChargesRs.0 per Annum
    Trading AMC ChargesFree
    Margin Money75% Margin

    This section calls out for the Groww Brokerage Charges related to various kinds of investment. You can also see the kind of trading Groww allows through the table given above.

    The greatest perk of being an investor with Groww is zero Equity Delivery Trading Free. However, commodity trading is presently not available with Groww.

    Equity delivery is the most popular form of trading, and zero charges attested to it give an upper hand to the investors.

    The rest of the trading classes, i.e., Equity Intraday, Equity Futures, Equity Options, Currency Futures, and Currency Options, have a flat rate of Rs.20 per order.

    For a detailed calculation of brokerage & other charges, check out our Groww Brokerage Calculator.

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    Groww Charges

    Brokerage charges are the first part of the fees you need to check out, and since we have already done it, here is the next part.

    SegmentsOther Charges
    SEBI Turnover Charges0.00005% (₹5/Crore)
    STTEquity Delivery: 0.1% on both Buy and Sell
    Equity Intraday: 0.025% on the Sell Side
    *Equity Futures: 0.01% on Sell Side
    Equity Options: 0.05% on Sell Side(on Premium)
    Commodity Futures: 0.01% on sell side (Non-Agri)
    Commodity Options: 0.05% on sell side
    Currency F&O: No STT
    On Exercise transaction: 0.125%
    Right to entitlement: 0.05% on sell side
    Stamp Duty(On buy side only) Delivery: 0.015%, Intraday: 0.003%, Equity Futures: 0.002%, Equity Options: 0.003%, and Currency F&O: 0.0001%.Commodity Futures: 0.002%, Commodity Options: 0.003% (MCX)
    GST18% on (Brokerage + Transaction Charge + SEBI Fee)
    Margin Funding Charges75% Margin
    Reactivation ChargesRs 20 per instruction
    Account Closure ChargesRs 25 per instruction
    Dematerialisation ChargesRs 150 per certificate + courier charges
    Pledge CreationRs 20 + Rs 12 per request (CDSL Charges))
    Pledge InvocationRs 20
    Margin Pledge/Unpledge/ Pledge closureRs 20 + Rs 12 per request (CDSL Charges))
    Margin RepledgeRs 20

    This section includes all the minimal fees, i.e., levied by the government and other authorities. They do not make up to a major charge but still are important to consider if you are willing to make profits.

    DP Charges: The DP charge for stock selling is Rs13.5 +Tax regardless of the number of stocks sold.

    Penalty charges: Penalty charges for the auto square off option is Rs 50 per position. For auction, penalty charges are as per the exchange referred.

    To know in detail, just click on this link Groww Brokerage & Other Charges.

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    Groww Demat Account Opening Fees

    Trading Charges [One Time]Rs 0
    Trading AMC [Yearly]Rs 0
    Demat Charges [One Time]Rs 0
    Demat AMC [Yearly]Rs 0
    Margin Money75% Margin
    Offline to OnlineNo

    Quickly moving on with the account-related charges, here are the occasional sets of Groww Account charges you need to know about.

    One has to avail for both the trading and demat accounts, subject to two different fees. The fee structure is different for different stockbrokers, and some even decide to waive them off.

    Speaking of the Groww Demat account opening charges, it is free. Groww has even waved off the Groww Trading Account Charges.

    The Groww Account maintenance charges go, they are nil for Trading account but will cost you Rs.0 per year for Demat account. Also, there is a 75% Margin money requirement.

    To know more, just click on this link Groww Demat Account.

    Groww Offers

    Free Demat AccountYes
    Free Trading AccountYes
    Discount on BrokerageYes
    Trading Happy HoursNo
    Flexible Brokerage PlansNo
    1 Month Brokerage FreeNo
    Holiday OffersNo
    Referral OffersNo
    Zero Brokerage for Loss Making TradesNo

    There are collectively a lot of offers presently prevailing in the stockbroking industry.

    Entered the industry in 2016, Groww has already made a distinct identity for itself with its competitive offers and facilities and made to the Top 10 Discount Brokers in India.

    Such offers are an add-on to your trading and investment journey. So here are the offers you can expect from the broking house.

    • Free trading account
    • Discount on brokerage

    The brokerage they charge for various asset classes is highly discounted since they originated as discount brokers. They also provide a free brokerage offer for investment in equity delivery.

    Also, the trading account is entirely free as you need not to pay an opening charge or an Account maintenance charge.

    On the contrary, a demat account requires you to pay an AMC, as mentioned earlier. But, rest assured, trading with this house is an advantage, as the extent to which it has technology as a part is impressive.

    Everything is made easy with the help of technology, which you can avail yourself of from the comfort of your home.

    Rs 100 for every referral: The user receives 100 inr for referral provided his friend or colleague downloaded the app with the link and completed the process. The person referred also receives 100 inr.

    How to open a Demat Account with Groww?

    We made the process of opening an account easy for you. It starts right from this page, which does not require you to search the web.

    • Click on the “Open Demat Account” button as provided at the bottom of this page and fill the pop-up which appears.
    • When you submit the form, your contact details will be sent to the respective authorities, the team which assists new investors. They will then call you back and contact you for account opening.
    • You have to fill up an account opening form of Groww, which also includes the EKYC process. You need to provide your Aadhaar card, Pan detail, and passport size photograph here. They serve as your identity provider.
    • You have to provide your bank details and sign the form digitally before submitting it for the next step.
    • The company completes the other process, and when verified, they will give you an activated account and leave the login details in your email address.

    Open Demat Account with Groww – Fill up the Form Now!

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      Why Open a Groww Trading Account?

      If you need reasons why to open a Groww Trading Account, here are the points you need to know.

      • Excellent assistance of technology, where reach is just a phone call and email away.
      • Extremely discounted brokerage plans, i.e., a flat rate for the trade of any volume.
      • Efficient workforce, who are highly responsive.
      • Trading platforms are well integrated with the help of technology, and they are fast.
      • Investment options are extended to even mutual funds.
      • Account-related charges are fewer.

      Groww Products & Services

      We want to state inclusions you will find in the Groww Products and Service list.

      Groww Products:

      Equity TradingYes
      Commodity TradingYes
      Currency TradingYes
      Mutual FundsYes

      A portfolio can be built upon account of various products and services provisions. Diversifying the right way is the key to dodging any unwanted investment risk that comes your way.

      Hence, it is essential one look at the products listed by the company.

      The set of investment options available are limited to:

      These vast numbers of investment options are your pathways of fruitful investment. With the right investment strategy incorporated, one can make massive returns from Groww Products.

      They have a hub of investment options available with them, and the most attractive among them is mutual funds. They have many options available, all of which collectively focus on assistance to individual investment goals.

      With diversification being the essence, investors can make worthy and notable returns.

      Other Products

      Mutual Funds: The brokers host more than 5000 mutual funds belonging to 35 best fund houses.

      The investment in mutual funds is free of cost, and no commission, brokerage, or subscription fee is charged from the user.

      Stocks: In 2020, Groww launched its stock trading platform and allowed the clients to sell and buy shares listed on NSE and BSE. The platform charges Rs.20 as a flat brokerage.

      Futures and Option: Groww platform also lets clients trade in equity options and future segments in just a click.

      Also, you can access the stock and Index open and future contracts and then access different indicators and charts for trading in the derivatives segment.

      US stocks: Also, the Groww platform has started inviting people to unlock the stocks hosted in the US market.

      For the same, you need to open a Groww US stock account, and once you have applied for the same, you can start trading in 24 hours.

      IPO: Clients can apply for the IPO via a web-based or mobile app for Groww. In addition, users can invest via UPI, and non-UPI clients can apply via the ASBA process or net banking.

      Clients can even apply before the opening of the IPO.

      Fixed Deposits: You can invest money in FDs for multiple banks as it is one of the best options for the various risk-averse investors who are reluctant to take high risks.

      Groww Services:

      Demat ServicesYes
      Trading ServicesYes
      3 in 1 AccountNo
      Intraday ServicesYes
      IPO ServicesYes
      Stock RecommendationsNo
      Robo AdvisoryNo
      Trading InstitutionNo
      Trading ExposureUpto 5x

      Listing out the set of Groww Service, here is what you can expect from the company.

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

      Groww constitutes the major requirement, i.e., of demat and trading account. The house provides both accounts to its investors at affordable rates.

      Demat account is meant to securely store all securities in electronic form, whereas a trading account lets you transact and sell or buy a collection of securities.

      Intraday trading is receiving significance because of its daily earning profit. Here, Groww provides an investment option of intraday trading, serving the needs of likewise investors.

      IPO investment is also a highly return-driven kind of investment, and you can choose to invest in the latest and most profitable IPO, which is hitting the market through Groww.

      Significant feasibility is as well-rendered to the investors, i.e., trading exposure. This service lets investors invest in assets worth more than the funds they have in their accounts. This makes grasping an opportunity possible.

      Groww Research, Advisory & Stock Tips

      We also laid out this section’s necessary insights in the form of tabular representation.

      Fundamental ReportsNo
      Research ReportsNo
      Company ReportsNo
      Annual ReportsNo
      Company Stock ReviewNo
      Free Stock TipsNo
      IPO ReportsNo
      Top PicksNo
      Daily Market ReviewNo
      Monthly ReportsNo
      Weekly ReportsNo
      Offline AdvisoryNo
      Relationship ManagerNo

      According to our research, there is no facilitation of Research and advisory provided to the investors.

      This is a basic norm of discount brokers, where they are not inclined to provide any research and advisory tips.

      Groww Exposure or Leverage

      A high degree of exposure is part of Groww’s offerings. 5x is the highest level of exposure provided to the trader and investors, which is provided for the intraday segmented investments.

      The rest of the investment options are embedded with the option of exposure and vary from one asset class to another. The table illustrated it all.

      Equity Delivery1x
      Equity IntradayUpto 5x
      Equity Futures1x
      Equity Options1x
      Currency Futures1x
      Currency Options1x
      Commodities Future1x
      Commodities Option1x

      Groww Margin Calculator will help you to calculate how much margin you will get if you invest or trade with Groww.

      How to transfer shares in Groww from other Stock Brokers?

      To transfer your shares in Groww from another stockbroker, you need to visit the CDSL India web platform, click on Login, and then click to register.

      Now enter your DP ID and Client ID. These credentials you must have received from the external broker. The first eight digits of your DEMAT account are your DP ID, and the rest eight are the client ID.

      You will receive an OTP on your registered mobile number. And then fill the details in the next window and continue. Now you need to enter the Groww demat number and various other details.

      You can also add multiple brokers if you have a holding with them. Click on continue, and the brokers will verify the information.

      Your registration is complete, and you will receive an email mentioning your login details.

      Groww Trading Platforms

      The table vividly illustrates the kind of trading platforms available for investors.

      Desktop Platform – WindowsNo
      Desktop Platform – MacNo
      Desktop Browser PlatformYes
      Mobile Site PlatformYes
      Android App PlatformYes
      iOS App PlatformYes
      Windows App PlatformNo
      Other Mobile OS PlatformNo
      Real-time UpdatesYes
      Portfolio DetailsYes
      Online MF BuyYes
      News FlashYes
      Research ReportsYes
      Easy InstallationYes
      Global IndicesYes
      Stock TipsYes
      Personalized AdvisoryYes
      Interactive ChartsYes
      Live MarketsYes
      SMS AlertsYes
      Email AlertsYes
      Multi-Account ManagementNo

      Online trading platforms are the need of the hour, especially while investing with a discount broker. As you can see, the company has set up certain apps and softwares.

      For example, Groww features a desktop browser platform, Mobile Site Platform, Android App, and an iOS app. The common features of all the mediums are similar and vary as per the compatibility of device use.

      The platforms in common provide real-time updates and your portfolio details in a well-organized dashboard. You also have the option of buying mutual funds online via any platform.

      Other features are news flash, easy installation, research reports, global indices, interactive charts, live market updates, SMS, and email alerts.

      Groww (Mobile App)

      Grow offers mobile app trading and has all the products and services listed on the mobile app. Using the Groww mobile app is easy and is quite handy for budding and experienced users.

      Groww (Website version)

      The website version of the Groww Web app is seamless and showcases every product in a nutshell. You can also trade from the website and enjoy the trading experience with the broker.

      Groww Customer Support

      Check out the table and see for yourself the areas of support you can expect from the stockbroking house’s team.

      Dedicated DealerNo
      Offline TradingNo
      Online TradingYes
      24*7 SupportNo
      Email SupportYes
      Chat SupportYes
      Toll-Free NumberNo

      Groww Complaints & Feedback

      The following table features the number of complaints received against Groww in both the stock exchanges BSE and NSE.

      Lodged in BSE10
      Resolved in BSE8
      Lodged in NSE21
      Resolved in NSE18

      As you can see, there were 10 complaints lodged in BSE and 21 lodged in NSE. Their resolution status is 8 and 18, which indicates a collective of 5 complaints are unresolved.

      Groww Advantages & Disadvantages

      Here is a final check on the perks and downfalls of investing with Groww.


      • Discount of brokerage
      • Great trading platforms, compatible with multiple devices
      • Easy account opening
      • Limited expenses
      • High exposure
      • Efficient team
      • Quick resolution of queries
      • Waived off account opening charges
      • New flash and alerts with many other offers


      • A lot of financial instruments are not yet available with the firm
      • No research and advisory services are provided

      Groww Branch Set-up

      Being a discount broker, Groww works entirely online and has no physical presence whatsoever.

      They operate entirely online, and you can choose to connect with them via any online mode of communication.

      Groww Conclusion

      Grow has the motive of keeping customers first and has transparently managed to earn over 70 lakh+ customers.

      The company’s rating is great, vividly portraying the high-class products and services served to the customers. They have a full-fledged operation they carry out, equipped with all the right things.

      The plans they offer are quite appealing too, where investors get to invest cost-effectively with an efficient company.

      The way they serve their customers is impressive, with the facilitation of great offers and minimal expenses. They have a well-organized and focused team.

      They are all up for the ever-changing stock broking industry, with a stronghold of recent technology, to help everyone grow.

      Note* – Investing with this company will fulfill the motive of easy investment. Hence, without any other complicated issues, you can choose to invest in the stock market in the simplest manner possible.

      Groww Review FAQs

      Here is the list of FAQs related to the Groww:

      Is Groww safe for trading?

      Yes, belonging to the new addition of discount brokers, Groww has the best assistance of technology.

      They adapted all the safety measures of digital investment, making them a safe hub for all the existing and new investors and traders.

      What is the brokerage of Groww?

      This broker has one of the cheap brokerage plans as they have deployed the flat-rate plan. The brokerage rate for all segments except commodity and Delivery is Rs.20 per order.

      Therefore, there are no brokerage charges on Delivery, and commodity trading is unavailable with this company.

      How to open Groww demat online?

      It is pretty easy to open a demat account with Groww. All you need to do is click on the green button present at the bottom of the page.

      Then, fill up the pop-up form and carry on with the process of KYC, which is a must to get a demat account.

      Can I invest in an IPO via Groww?

      This broker lets its clients invest in IPO and provides dedicated IPO services for interested individuals. One has to fill up the IPO form and follow up on the investment terms and conditions to check.

      What Leverage does Groww provide?

      Leverage level provided changes as per the concerned segment. For example, the highest Leverage is provided for the intraday segment, i.e., 5x.

      The rest of the segment’s Leverage is 1x for Delivery and currency options, 1x for commodity, 1x for futures, 1x for options, and 1x for currency futures.

      Does Groww have a trading App?

      Yes, a dedicated trading app is provided to the broker’s clients, which has a user-friendly interface and is stuffed with high-end features.

      It is available for Android users and iOS users, helping them trade on the go.

      How to contact Groww customer care?

      Branches-based assistance is, of course, not provided to the investors. But this is not all, as there are a lot of methods that can be used to connect with the customer care department of the company.

      Chat and email support is provided by the company.

      Does Groww provide Research?

      This broker does not provide a research facility for the investors and traders as they are discount brokers.

      Instead, they operate only online and provide a limited set of facilities, including reports, investment tips, and other things alike.

      Is Groww good for Beginners?

      Yes, beginners can surely try stock market investment through Groww. The perks you, as a beginner, will enjoy is investment facilitated with the cheap cost of brokerage.

      Also, they provide investment tips and all kinds of reports that let you make investment decisions.

      Who Founded Groww?

      The emergence of Groww dates back to the year 2016, when the former employees of Flipkart Lalit Keshre, Harsh Jain, Neeraj Singh, and Ishan Bansal came together to set up a transparent online investment platform.

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        Open Demat Account - Offers

        5 responses to “Groww Review, Brokerage Charges, Demat Account & more
        1. Groww Platform is not working efficiently, minimum 2-3 times in the peak trading this goes offline.

        2. Very slow customer services..nobody is helping me to close my account..feel regret for opening account with groww..no help w.r.t Aadhaar esign

        3. Grow app is a more charges Are aapplicable
          In stocks mutual fand and gold. Basically in mutual fund and gold.
          We suggest the new investor please do not open the any Demat account in groww aap
          You have a multiple options in Demat opening account

        4. For me I used every share broker till 2020. After using groww I came to know that only groww is the stock broker who do not cheat you . I have been trading using groww for last 2 years not even one rupee taken by them unnecessary. I recommend everybody to open demat and trading account with groww. Excellent broking house

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