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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 in 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
Experience 6.1/10
Trading Platform 9.3/10
Product & Services 9.1/10
Brokerage Charges 9.2/10
Research 7.0/10
Overall Rating 8.5/10
Star Rating ★★★★


About Groww

Company Type Private
Broker Type Discount Broker
Headquarters Bangalore, India
Founder Lalit Keshre
Established Year 2016

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 options, 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 recent times and the position of Groww in the market has reached the Top 10 Stock Brokers in India, and investors are leaning over on them massively.

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    Groww Brokerage Charges

    Brokerage Charges & 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
    Equity Futures NA
    Equity Options NA
    Currency Futures NA
    Currency Options NA
    Commodity NA
    Minimum Brokerage Zero
    Demat AMC Charges Rs.0 per Annum
    Trading AMC Charges Free
    Margin Money 75% 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.

    Segments Other Charges
    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., levied by the government and other authorities. They do not make up for 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 are 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 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, 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 a Trading account but will cost you Rs.0 per year for the 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 Account Yes
    Free Trading Account Yes
    Discount on Brokerage Yes
    Trading Happy Hours No
    Flexible Brokerage Plans No
    1 Month Brokerage Free No
    Holiday Offers No
    Referral Offers No
    Zero Brokerage for Loss-Making Trades No

    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 it among 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 do 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 in 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 an account opening.
    • You have to fill up an account opening form for 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.

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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 with 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 Trading Yes
      Commodity Trading Yes
      Currency Trading Yes
      Options Yes
      Futures Yes
      Mutual Funds Yes
      Forex No
      Banking No
      SIP No
      Insurance No

      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 is limited to:

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

      They have a hub of investment options available to 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 of 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 by the user.

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

      Futures and Options: 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 various risk-averse investors who are reluctant to take high risks.

      Groww Services:

      Demat Services Yes
      Trading Services Yes
      3 in 1 Account No
      Intraday Services Yes
      IPO Services Yes
      Stock Recommendations No
      Robo Advisory No
      PMS No
      Trading Institution 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

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

      A 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 Reports No
      Research Reports No
      Company Reports No
      Annual Reports No
      Company Stock Review No
      Free Stock Tips No
      IPO Reports No
      Top Picks No
      Daily Market Review No
      Monthly Reports No
      Weekly Reports No
      Offline Advisory No
      Relationship Manager 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 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 Delivery 1x
      Equity Intraday Upto 5x
      Equity Futures 1x
      Equity Options 1x
      Currency Futures 1x
      Currency Options 1x
      Commodities Future 1x
      Commodities Option 1x

      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 in 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 – 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 Platforms No
      Real-time Updates Yes
      Portfolio Details Yes
      Online MF Buy Yes
      News Flash Yes
      Research Reports Yes
      Easy Installation Yes
      Global Indices Yes
      Stock Tips Yes
      Personalized Advisory Yes
      Interactive Charts Yes
      Live Markets Yes
      SMS Alerts Yes
      Email Alerts 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 software.

      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 Dealer No
      Offline Trading No
      Online Trading Yes
      24*7 Support No
      Email Support Yes
      Chat Support Yes
      Toll-Free Number No
      Branches Zero

      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 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 fulfil 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 Groww:

      Is Groww safe for trading?

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

      They adopted all the safety measures of digital investment, making them a safe hub for all 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 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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