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.
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
|Trading Platform 📊||9.3/10|
|Product & Services||9.1/10|
|Brokerage Charges 💰||9.2/10|
|Broker Type||Discount Broker|
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.
Open a Demat Account with Groww. Fill up this Form.
Groww Brokerage Charges
|Brokerage Charge & Fees||Groww|
|Equity Delivery||Rs 20 per executed order or 0.05% whichever is lower|
|Equity Intraday||Rs 20 per executed order or 0.05% whichever is lower|
|Demat AMC Charges||Rs.0 per Annum|
|Trading AMC Charges||Free|
|Margin Money||75% Margin|
|Brokerage Calculator||Groww 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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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.
|SEBI Turnover Charges||0.00005% (₹5/Crore)|
|STT||Equity 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)|
|GST||18% on (Brokerage + Transaction Charge + SEBI Fee)|
|Margin Funding Charges||75% Margin|
|Reactivation Charges||Rs 20 per instruction|
|Account Closure Charges||Rs 25 per instruction|
|Dematerialisation Charges||Rs 150 per certificate + courier charges|
|Pledge Creation||Rs 20 + Rs 12 per request (CDSL Charges))|
|Pledge Invocation||Rs 20|
|Margin Pledge/Unpledge/ Pledge closure||Rs 20 + Rs 12 per request (CDSL Charges))|
|Margin Repledge||Rs 20|
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
|Trading Charges [One Time]||Rs 0|
|Trading AMC [Yearly]||Rs 0|
|Demat Charges [One Time]||Rs 0|
|Demat AMC [Yearly]||Rs 0|
|Margin Money||75% Margin|
|Offline to Online||No|
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.0 per year for Demat account. Also, there is 75% Margin money requirement.
|Free Demat Account||Yes|
|Free Trading Account||Yes|
|Discount on Brokerage||Yes|
|Trading Happy Hours||No|
|Flexible Brokerage Plans||No|
|1 Month Brokerage Free||No|
|Zero Brokerage for Loss Making Trades||No|
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.
Get a Call Back from Groww
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.
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
- 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.
|3 in 1 Acount||No|
|Trading Exposure||Upto 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
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.
|Company Stock Review||No|
|Free Stock Tips||No|
|Daily Market Review||No|
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. 5x 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 Intraday||Upto 5x|
|Margin Calculator||Groww Margin Calculator|
Check Margin or Exposure of other stock brokers
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|JM Financial||Monarch Networth Capital||Paytm Money|
Groww Trading Platforms
The table vividly illustrates the kind of trading platforms available for investors.
|Desktop Platform – Windows||No|
|Desktop Platform – Mac||No|
|Desktop Browser Platform||Yes|
|Mobile Site Platform||Yes|
|Android App Platform||Yes|
|iOS App Platform||Yes|
|Windows App Platform||No|
|Other Mobile OS Platform||No|
|Real time Updates||Yes|
|Online MF Buy||Yes|
|Multi Account Management||No|
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.
|Toll Free Number||No|
Groww Complaints & Feedback
The following table features the number of complaints received against Groww in both the stock exchanges BSE and NSE.
|Lodged in BSE||10|
|Resolved in BSE||8|
|Lodged in NSE||21|
|Resolved in NSE||18|
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.
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.
Groww Review FAQs
Ques – Is Groww safe for trading?
Answer – Yes, belonging to the new addition of discount brokers, Groww has the best assistance of technology. They adapted all the safety measure of digital investment, which makes them a safe hub for all the existing as well as new investors and traders.
Ques – What is the brokerage of Groww?
Answer – This broker has one of the cheap brokerage plans as they have deployed the flat rate plan. The rate of brokerage for all segments except commodity and delivery is Rs.20 per order. There are no brokerage charges on Delivery and the commodity trading is not yet available with this company.
Ques – How to open Groww demat online?
Answer – 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. Fill up the pop up form and carry on with the process of KYC which is must in order to get a demat account.
Ques – Can I invest in IPO via Groww?
Answer – This broker lets its clients to invest in IPO and provides dedicated IPO services for the interested individuals. One has to fill up the IPO form and follow up on the investment terms and conditions which is necessary to check.
Ques – What Leverage does Groww provide?
Answer – Leverage level provided changes as per the concerned segment. Highest leverage is provided for intraday segment, i.e. 5x. Rest of the segments leverage is 1x for Delivery and currency options, 1x for commodity, 1x for futures, 1x for options and 1x for currency futures.
Ques – Does Groww have trading App?
Answer – Yes, a dedicated trading app is provided to the clients of the broker, which has user friendly interface and stuffed with high end features. It is available for Android users, as well as iOS users, helping them trade on the go.
Ques – How to contact Groww customer care?
Answer – Branches based assistance is of course not provided to the investors. But, this is not all, as there are a lot of methods which can be used to connect with the customer care department of the company. Chat and email support is provided by the company.
Ques – Does Groww provide Research?
Answer – No, this broker does not provide research facility for the investors and trader as they are discount brokers They operate only online and provide likewise limited set of facilities, which only includes providing reports, investment tips and other things alike.
Ques – Is Groww good for Beginners?
Answer – Yes, beginners can sure try stock market investment through Groww. The perks you, as a beginner will enjoy is investment facilitated with cheap cost of brokerage. Also, they provide investment tips and all kind of reports which lets you make investment decisions as well.
Ques – Who Founded Groww?
Answer – Emergence of Groww dates back to the year 2016, where the former employees of Flipkart Lalit Keshre, Harsh Jain, Neeraj Singh and Ishan Bansal came together to set up a transparent online investment platform.
Get a Call Back from Groww
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