Groww App – Review, Top Features, Set-up Process, Benefits and moreLast Updated Date: May 12, 2022
The vision of producing the simplest App led to the formation of the Groww App. It is an extremely powerful app that facilitates trading from anywhere and everywhere.
One can choose to continue trading even while they are on the go, traveling. This article features a detailed review of the Groww Mobile App, serving the needs of investors.
Any investors and traders will find the App extremely useful. It is especially for the active traders who have the idea of making a steal deal and need convenience to place an order instantly, being in any place.
Groww Mobile App Review & Ratings
|Groww Mobile App Ratings|
About Groww Mobile App
The goal of introducing easy, fast, and convenient mutual funds and stock market investment is in the process by Groww, Via its Groww Mobile Trading App.
Groww introduces the App, a new addition to the world of discount brokers, quickly taking up the pace of making it high in the industry.
The company was introduced in 2016 and has quickly marked an impressive stature in a feasible investment medium.
The App is available for usage post-registration, which is 100% paperless. The Groww App is the perfect hub for the best mutual funds and stocks.
A few minutes is all you need to invest in mutual funds and company shares; it is convenient and fast.
The App is the gateway to check share prices live and carry on with the trading process to make great returns from the stock market.
The App is the Best Trading App in India for Beginners as it is designed with very simple and accessible features, making everything easy for the new investors. It expands the Investment options to a large extent, so investors can easily grasp the investment process.
Before opening account with Groww, understand all its characteristics and features with Groww Review section and know more details.
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Top Features of Groww App
Groww Mobile Trading App investment facilitation is BSE and NSE listed stocks and direct mutual funds.
You can have a full-fledged stock market investment experience via the App. Take notes of the most attractive features.
The first view of the downloaded mobile App would be the login page. We will get back to the login and set up the process of the Groww App in the sections provided later in this article.
Moving ahead, when you log in to the App successfully, you will see the dashboard for the first thing.
You can explore all the options in the App, and you will also get a demo of the features provided in the App.
The dashboard will show you a quick view of your investments and various other tools. You can see a comprehensive analysis of your investments and active trades.
Tools in the dashboard make the experience even simpler.
Market data provided on a Real-Time basis
You will be able to invest in stocks based on real-time monitoring. The price data provided in the App fluctuates on a real-time basis, making it easy for you to monitor the stocks and inculcate strategies.
The real-time data lets you research the stock you consider and compare it with other potential investments.
You can see the shares listed on BSE and also NSE. You can view your choice and then create a MarketWatch to monitor your favorite stocks personally.
Fewer order placement steps
The process to invest in Mutual funds is just a click away. The company even has readymade instant mutual fund plans, so the investors can quickly invest.
On the contrary, buying or selling the shares is just one click away. This is how simplified the process of investment is with Groww App.
Customized watch lists
You are provided with the great feasibility of creating customized market watch lists. Here, you can search and add the stocks you are interested in.
Following up with the real-time performance of the shares by closely monitoring them, you can make a clear and profitable investment decision.
You can also work on the stock analysis via the App, as it provides the company financials that include P&L, Balance Sheet, and other essential financial statements.
The charts you can see in the App are beautifully yet designed. They also show the historical performance of the mutual funds or the stock, alongside the complete information you need to make an investment decision.
You can also find a section of stock market news, which features the latest finance news and insights.
You will also get daily insights from top gainers, top losers, and top by market capitalization. A comparison medium is as well provided for peer comparison.
Safety is the priority
The App contains 128 bit SSL Encryption, a high level of encryption standard that goes along with each transaction.
This ensures every transaction is safe and causes no hurdles in any term. This standard is similar to that of banking standards; hence, the security is similar.
Additional Features of Groww App
Let’s have a look at the additional top features of the Groww Mobile Trading App:
One-click Order Placement
Groww app is designed with the aim to offer the utmost convenience to customers, whether it is in picking the right stock or trading in it.
With Groww, you can place trade orders with a single click on the stock. Just select the stock and click on the ‘Buy’ option.
Groww is an ideal and reliable trading application for every type of investor or trader. It offers a dependable interface. The app is easy to understand and use.
You can open an account with Groww in a few minutes online.
Groww Balance is an internal balance account available in the Groww app and on the Groww website. Customers can store money in this account and easily make payments regarding transactions. This way, you don’t have to add funds to your account every time you want to invest in any securities available on the Groww app.
It is a secure alternative to keeping your money and is a time-saving measure for executing your trade orders.
SmartSave can be considered a clever alternative to a savings bank account. This feature on the Groww app lets you store money like a savings bank account earning higher returns than that. It is a liquid mutual fund that carries a very low risk.
SmartSave keeps your funds in the ICICI Prudential Liquid Fund, giving you liquidity like a savings account but with higher returns.
You can invest in a lump sum or choose a monthly SIP.
Cancel/Stop an Ongoing SIP
Groww offers its customers a higher degree of flexibility. You can cancel or stop your ongoing SIP with a few clicks. It does not mandatorily bind you. Investors can invest according to their capability and for whatever duration they want.
SIP, called Systematic Investment Plan, is a new age investment tool that allows an investor to invest a fixed sum over time and earn high returns.
Switch from Regular Funds to Mutual Funds
Groww allows you to invest in both types of Mutual funds, direct and regular. Direct Mutual funds are funds where the investor invests in the funds directly offered by the Mutual Funds Company; on the other hand, regular mutual funds are where you invest through an advisor or stockbroker.
Groww also provides the facility to switch from a regular fund to a direct Mutual Fund. Go to your dashboard, and select the regular fund. After opening the fund, click on the ‘Switch’ option and select ‘Direct Fund.’
Invest with UPI
To ease the process of fund transfer, Groww has introduced the option where you can add funds using the UPI transfer method.
UPI stands for Unified Payment Interface. UPI is a safe and reliable method to make money transfers using a QR code or number. It is a speedy process, and you can transfer money from one account to another in seconds.
A portfolio is an investment tool. It can be a basket of securities of any particular or a combination of securities that investors form to fulfill their investment objectives. A portfolio is formed according to the level of risk you can bear, the profitability, industry, and many other mediums.
A portfolio diversifies your risk amongst multiple sets of securities, leading to higher returns on the investment.
Careful comparison and the discerning decision can yield impressive results for an investment. Mutual funds carry risk and can become a yearning asset in the long run; therefore, picking the righteous fund is critical.
But there might be more than one Mutual Fund that you feel suit your requirement, and you are indifferent between the two, which is why Groww offers you to compare Mutual Funds.
SIP is an interesting method of investing in investment schemes, investing the pre-decided amount of money at regular intervals and directing it towards particular mutual funds.
The SIP investment is a process comprising certain elemental steps, which include –
- Assessing the viability of risk.
- Considering your investment goal.
- Selecting a suitable and profitable mutual fund.
- Set the date and time horizon.
The amount in respect of the SIP is auto-debited from your bank account when it becomes due.
Customers can easily outreach to Groww from the customer helpdesk. You can register your query or complaint, and you will have your issue resolved very quickly.
The Groww team will ensure a positive investment experience and will be available to resolve your issues.
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How to set up Groww Mobile App?
It is extremely easy to set up the Groww App, especially if you have been quite accustomed to mobile phones and applications.
If you still need help setting up the App for the first time, here is what you need to look over.
- As per your mobile’s operating system, visit the app store of the respective OS. For instance, Android clients must check out their Google Playstore, and the App Store is provided to the owners of iOS.
- When you open it, quickly locate the search option and type the keywords “Groww App” into the space provided.
- You can now see the App in an instance, following which you must click on the option of Install.
- Here is a reminder, the clients of Groww are only allowed to use the application, so you need to sign up to their Demat account service to get the login id and password.
- You are good to go if you already have the login ID and password. When you see the login page in the App, you need to enter the credential and click on the login button. The App will prompt you to change the password for added security, do the needful.
- You will now see the dashboard of the App, which features all the options you need to trade. The App will even give you a quick tour of all the options.
How To Own Groww Mobile Trading App?
The App is quick and easy to use, but for starters, you need to avail of a Demat account with Groww. Groww Demat account will take you through the Groww login process.
The App is exclusively built only for the company’s clients and vows to serve that particular lot.
Opening a Demat and the trading account is free for everyone, and hence, you can avail of their services without an expenditure.
Also, they provide online KYC, which is done once, post which an account is created within a few minutes, ready to be used.
You can refer to other charges and brokerage you are supposed to pay. We have articles dedicated to educating people on the charges and processes, among many other things.
You can refer to any of them, as per your need, when you open a Groww Demat account and a Groww Trading account, which will let you own the Groww App.
Follow the following step if you do not have an account already.
- Kicking starts the process and clicks on the “Open Demat Account” button, which features at the end of the page.
- When you see the quick pop-up, fill it up and submit.
- Your details will reach the company representatives, and they will guide you through the creation of a trading account.
- Provide the documents they ask for and find the KYC process required for investor verification.
- When the KYC process is done and your account is created, the company will send you the Groww Trading Apps login details to your email address.
When you have the credentials, you can follow the steps provided above. You can download the App, log into it, and get started with your trading journey with Groww.
Advantages of Groww App
A bunch of advantages make up the list of perks Groww offers. Simplicity is the essence of the App, which is built to make investment and trading as simple as shopping.
Here are the points worth considering about the Groww mobile Apps.
- Shares included from NSE and BSE fluctuate on real-time bases.
- The App is an app in one mutual fund, where you can invest in small-cap, large-cap, mid-cap, and multi-cap for long term investment and higher returns. Or invest in balanced funds, gold funds, sector funds, or international funds.
- Mutual funds investment education is provided at Rs.500.
- Easy tracking of invested instruments.
- Readymade stock collection by experts provided in the App for easy investment in mutual funds.
- The App is highly secure for trading; as it has 128 bit SSL Encryption.
- The latest financial news and insights are provided in the App.
- End-to-end stock analysis is possible in the App, with access to the company data.
- A personalized watch list is provided for the convenience of easy monitoring of stocks.
Groww Mobile App – Conclusion
As the App display is portrayed, Groww has done a pretty impressive work at providing a full-fledged investment app for their customers.
Another consideration of the App is the rating it has managed to receive from the current customer base.
The App has a 4.4-star rating in the Google Playstore, which shows how well the App works for investors.
Taking all the features and advantages of the Groww App into concern, we can pretty much say the App is indeed a great source of investment one can offer.
Groww App FAQs
Here is the list of FAQs related to the Groww App:
What is the Groww mobile App called?
The App’s name goes after the company’s name, i.e., Groww. This makes the App easily accessible and ensures people can find it sooner.
The App has a lot of perks to provide, and in the most seamless manner, eliminating the geographical shortcomings.
Does Groww provide an iOS App?
Yes, the company has a motive of providing the App for all of its clients and customers. As a result, it caters to iOS users as well.
The App is exclusively designed for iOS users, ensuring a smooth user interface with assistance to all the products and services.
Is Groww App Free to use?
Yes, the Groww App is free to users. There is no charge related to the app usage, which is a perk as it cuts down the expenses for the traders and investors.
However, the other charges will still exist, such as the brokerage, AMC, and similar accounts and product-related charges.
How to download the Groww App?
It is just as easy as downloading a social media app. It would help if you visited your particular app store, i.e., the play store for Android users and Apple App Store for iOS users.
Search for the App, i.eGroww, and when you see the App, click on the install button and wait for the system to complete the download.
What features does Groww App have?
A sneak peek into the App’s features list shows that you can invest in equity, mutual fund, Sip, and other instruments. The App provides you with market insights such as top gainers and losers, peer comparison, stock analysis, live price movements, and other related features.
Can I trade in Shares via Groww App?
Yes, you can place active buy and sell orders in the equity category within the Groww App.
You can choose to perform day trading, also known as intraday trading, or invest in the domain of Equity delivery as per your preference.
Is the Groww Android App good?
Yes, the Groww App is widely accepted by investors and traders who want to invest in mutual funds, SIPs, and stocks.
As a result, the App has garnered a 4.5-star rating in the play store, with a pool of positive reviews from the existing users.
Does Groww App have EKYC Feature?
Yes, the company provides the EKYC feature within the App for new users.
Anyone can seamlessly open a new Demat account in a matter of minutes via going through the EKYC process in the App. You need to keep the scanned copies of your documents ready.
Does Groww App provide Tips?
Yes, this stockbroker provides a lot of assistance to investors and traders.
The broker provides a readymade collection of mutual funds to its clients via the App, alongside the list of top mutual funds from different categories.
Also, you can perform stock analysis, peer comparison, etc.
How to Buy Shares via Groww App?
Buying shares via the Groww App is facilitated via one single click.
You need to fetch the buy option from the order placement section and enter the order placement details. Right when you click on the option of buy, your order will be registered.
Is the Groww app trustworthy?
Yes, Groww is a trusted entity. It is registered with SEBI and other stock market regulators. Groww offers fast and efficient investment solutions to its customers.
Is the Groww app safe for beginners?
Groww app is an easy-to-use application. Here, you can trade in any securities like equity, mutual funds, etc., in a few clicks on your mobile phone.
How do I install the Groww app?
You can install the Groww app from the Google Playstore. Open the Google play store on your phone. Search Groww in the search bar. Tape on the icon of the Groww App.
Now click on ‘Install.’
Is there any problem with the Groww app?
Groww is a dependable mobile application that offers trade ease to individuals. You can buy, sell, and trade in marketable securities from anywhere.
Is the Groww app Indian?
Yes, Groww is an Indian entity. It was founded in 2016 by Keshre, Harsh Jain, Neeraj Singh, and Ishan Bansal. Groww allows retail investors to access the stock market at their fingertips.
What if Groww shuts down?
If Groww discontinues its operations, your investments will still be safe; they will transfer to other authorized entities.
Is Zerodha better than Groww?
Groww and Zerodha are both discount stock brokers. They offer similar services to its customers, though the ambit of Zerodha is wider than Groww.
Is Groww completely free?
Groww app is free to use. The account opening with Groww is also entirely free of cost.
Groww does not charge any transaction charges, no redemption charges, or other hidden charges on mutual fund investment.
Is Groww a Demat account?
Groww offers Demat and Trading account openings. The process is online and paperless. You can apply for an account opening from the Groww app itself.
Does Groww take a commission?
Groww charges brokerage on trade orders. It charges Rs. 20 or 0.05% of the trade value on Equity Delivery Trades and Intraday Equity Trades. It charges Rs. 20 for every executed order in the form of brokerage for Futures and Options.
How do I withdraw money from Groww?
- Log in to your Groww account from the Groww app.
- Now go to your profile from ‘You.’
- Now click on ‘Groww Balance.’
- From here, you can go to ‘Withdraw’ to make a withdrawal of money to your bank account.
- Enter the amount you want to withdraw and click on ‘Withdraw.’
Can we delete the Groww account?
Yes, you can delete your Groww account. You will have to make the request by filling out the physical form. No request for an account closing account can be placed online or through email or call.
What if I cancel SIP in Groww?
Yes, Groww offers you the flexibility where you can close or stop your SIP whenever you want from the mobile app itself.
Why is my balance Groww negative?
A negative Groww balance shows that you have no funds in your trading account, and you need to deposit money to make it even and trade in securities.
Which app is best for trading?
The best apps for trading are:
- Zerodha Kite
- Upstox Pro App
- Angel One Mobile App
- 5paisa mobile app
- Groww app
- Sharekhan app
- Fyers Market App
- IIFL Markets App
- HDFC Securities App
- Kotak Stock Trader App