Groww Review, Brokerage Charges, Demat Account & more

We aim to draw your attention into the Groww Review, which is 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.

Open Demat Account - Offers

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 for compare multiple companies and finally select one.

Groww Customer Ratings & Review

Customer Ratings
Trading Platform9.3/10
Product & Services9.1/10
Brokerage Charges9.2/10
Overall Rating8.5/10
Star Rating★★★★
Custoumer Reviews1167


About Groww

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

Grow was incorporated in the year 2016 by Lalit Keshre. It is a discount broking company, aimed at proving modern online based financial solutions to its clientele.

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

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

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

This company is based out of Bangalore, where the headquarters of the company 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 risen and investors are leaning over on them massively.

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Groww Brokerage Charges

Brokerage Charge & FeesGroww
Equity Delivery TradingZero
Equity Intraday TradingRs.20 per Order
Commodity Options TradingNA
Equity Futures TradingRs.20 per Order
Equity Options TradingRs.20 per Order
Currency Futures TradingRs.20 per Order
Currency Options TradingRs.20 per Order
Minimum BrokerageZero
Demat AMC ChargesRs.300 per Annum
Trading AMC ChargesFree
Margin MoneyZero
Brokerage CalculatorGroww Brokerage Calculator

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

Greatest of perk being an investor with Grow 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.

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.

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Groww Charges

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

Transaction Charges0.00325% of Total Turnover
STT0.025% of Total Turnover
SEBI Turnover Charges0.00005% of Total Turnover
Stamp DutyDepends on State (very minimal)
GST18% of (Brokerage + Transaction Charges)

This section includes all the minimal fees, i.e. the ones as 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.

Groww Demat Account Opening Fees

Depository SourceCDSL
Account Opening ChargesFree
Demat AMC ChargesRs.300 per Annum
Trading AMC ChargesFree
Margin MoneyZero
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, which are subject to two different fees. The fee structure is different for different stock broker, and some even decide to waive them off.

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

As far as the Groww Account maintenance charges go, they are nil for Trading account but will cost you Rs.300 per year for Demat account. Also, there is no margin money requirement.

Groww Offers

Free Demat AccountNo
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 stock broking industry. Groww Offers are another set of items you might want to look out for, before you invest with them, so you are well versed with your benefit entitlements.

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 discount, since they are originated as discount brokers. They also provide free of brokerage offer for investment in equity delivery.

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

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

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

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How to open Demat Account with Groww?

We made the process to open an account absolute 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 get in touch with you for account opening.
  • You have to then fill up an account opening form of Groww, which also includes the EKYC process. Here you need to provide your details such as Aadhaar card, Pan detail and a passport size photograph. They serve as your identity provider.
  • For the next step, you have to provide your bank details and then sign the form digitally before submitting it.
  • Further process is completed by the company, and when verified, they will give you an activated account, and leave the log in details in your email address.

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  1. Open Demat Account

Why Open Groww Trading Account?

If you need reasons why Groww shall be your first choice, 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 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 absolutely fewer.

Groww Products & Services

We would like to now state inclusions you will find in the list of Groww Products and Service.

Groww Products:

Equity TradingYes
Commodity TradingYes
Currency TradingYes
Mutual FundsYes

Portfolio can be build up on account of variety of products and services provision. Diversifying the right way is the key of dodging any unwanted risk that is to come your way. Hence, it is extremely essential one looks at the products listed by the company.

The set of investment options available are limited to:

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

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

They have a hub of investment options available with them and the most attractive among them is mutual funds.

They have a lot of 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.

Groww Services:

Demat ServicesYes
Trading ServicesYes
3 in 1 AcountNo
Intraday ServicesYes
IPO ServicesYes
Stock RecommendationsNo
Robo AdvisoryNo
Trading InstitutionNo
Trading ExposureUpto 20x

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

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

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

Intraday trading is receiving growing significance, because of its feature of earning profit of a daily basis.

Here, Groww provides investment option of intraday trading, serving on to the need of likewise investors.

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

A significant feasibility is as well rendered to the investors, i.e. trading exposure. This service lets an investors invest in assets worth more than the funds they have in their account.

This makes grasping an opportunity possible.

Groww Research, Advisory & Stock Tips

We laid out the necessary insights of this section in the form of tabular representation too.

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 towards provision of any kind of research and advisory tips.

Groww Exposure or Leverage

High degree of exposure is part of Groww’s offerings. 14x is the highest level of exposure provided to the investors, which is provided for the intraday segmented investments.

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

Equity DeliveryUpto 3x
Equity IntradayUpto 14x
Equity FuturesUpto 6x
Equity OptionsUpto 4x
Currency FuturesUpto 5x
Currency OptionsUpto 3x
CommoditiesUpto 10x
Margin CalculatorGroww Margin Calculator

Check Margin or Exposure of other stock brokers

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Jhaveri SecuritiesMastertrust CapitalReliance SecuritiesProfitmart
JM FinancialMonarch Networth CapitalPaytm Money

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. Groww features a desktop browser platform, Mobile Site Platform, Android App and an iOS app.

The common featured of all the mediums are somewhere 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 alerts and email alerts.

Groww Customer Support

Check out the table and see for yourself, the arenas of support you can expect from the stock broking 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 for 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


  • 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 modes of communication.

Groww Conclusion

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

The rating of the company is great as well, 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 is quite appealing too, where investors get to invest in a cost effective manner, with an efficient company.

The way they serve their customers is impressive, with facilitation of great offers and minimal expenses. They have a team which is well organized and focused, and their number is 100+ team members.

They all up for the ever changing stock broking industry, with a strong hold of the 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 simplest manner possible.

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