Groww App Review – Top Features, Charges, Benefits, Download, Login & more

Groww Trading App is catching the investors’ attention really fast. It is the brand name of Next billion Technology Pvt. Ltd., a Bangalore-based discount broker.

In 2016, Groww started as a direct Mutual Fund Investment platform. In the mid-2020s, it expanded its platform and offered equity trading.

Its flat-fee discount brokerage system made it popular among investors. Here, we will share a Groww App Review to guide trading through the app.

About Groww Mobile App

Investors like the Groww App mainly for its user-friendly interface. Analyzing stocks for trading is very easy through this app. Detailed analysis of a stock is accessible from the chart.

Also, users can buy and sell any stock from the list. When users click on a stock, the “Buy” and “Sell” buttons appear below the screen. So, it helps anyone to profit from the stock market.

Also, it offers diverse stock market products. Users can invest in equity, commodity, currency, F&O, and MFs.

This app is a package for the exciting stock market journey. It helps beginners learn and profit from stock trading and Mutual Funds.

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Groww App – Top Features

Every Groww Mobile App Review focuses on its unique features. Here, we have listed the valuable services available in the mobile app.

Seamless Stock Trading: Earlier, only registered sub-brokers traded stock on behalf of the investor. Mobile apps like Grow make the whole process very simple.

Now, anyone can buy and sell stocks using their smartphones.

Secure Platform: It features two-factor authentication along with biometrics. Traders need to input OTP for every trade.

It eradicates any chances of security issues. Also, users need to verify themselves once every 3 to 5 days.

Simplified Interface: The app is very user-friendly. It requires no expertise to trade in the stock market, so anyone who wishes to invest can download and install the app without any second thought.

It also helps in analysing different stocks, which is essential for making informed decisions.

Various Investment Options: Investors can do intraday trading using their Groww app.

They can also choose short-term or long-term investments. For example, stock delivery, mutual funds, IPOs, and bonds are available. Thus, it is an excellent option for asset management.

Easy Funding: It takes a few clicks to transfer funds. Traders can use their UPI or net banking facility to transfer money to their Demat accounts.

They can also transfer their profits following the same process to their UPI or bank accounts within T+2 days.

Minimum Flat-fee: Traders prefer brokers who charge low brokerages, which is another reason for this broking house’s vast popularity.

The brokerage is flat Rs.20 or 0.05% per trade, whichever is low. The flat fee helps bulk investors. Also, a low brokerage of 0.05% minimizes the fee of repetitive small traders.

Mutual Funds: As mentioned, Groww emerged as a mutual fund trading platform. Users can switch between its direct MFs or eternal regular MFs.

So, they have a wide range of choices when investing in mutual funds.

Investment Guides and Calculators: Groww’s blog and in-app articles cover various investment topics. They cover basic stock market concepts and how to profit from them.

The app also features built-in calculators to estimate potential returns.

Low-budget Trading Facility: Investors can trade a single stock or any preferred amount. It doesn’t have any minimum balance criteria. So, it helps traders who like to trade small amounts of stocks.

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How to Download Groww App & Invest in It?

For Groww App Download, follow these simple steps –

1. Search for Groww Stocks, Mutual Fund and UPI in the Play Store or the App Store. Download and install it on your phone. Android and iOS users can seamlessly use this app.
2. Launch the app and complete the online signup process. Enter your mobile number and register. Alternatively, you may use your email ID. After OTP verification, enter your KYC details.
3. Follow the on-screen instructions for PAN card and government-issued ID submission.
4. To invest, you can transfer your funds easily through UPI. Also, you can transfer funds through net banking and debit cards.
5. Explore the wide range of investment options. If you plan to invest in any particular stocks, you can easily buy them from the list.
6. Also, go ahead and check out the various charting tools. They offer good insight into speculative market movements.

How to Login Groww App & use it for Trading?

Here is the step-by-step process to login to Groww App.

1. Launch the app, and theGroww Trading App Login screen will appear. Enter your user ID, which is either your phone number or email ID.
2. Complete the two-factor authentication process, and the home screen will appear.
3. To trade, you first need to transfer funds to your Demat account. Groww doesn’t have any minimum investment requirement. So, you may transfer any amount and start stock trading.
4. You can invest in stocks in the equity, commodity, currency or F&O markets under the NSE and BSE. You may open different markets and start planning to invest.
5. If you want to invest in a particular stock, you can easily find them from the search option.
6. After selecting a stock, its details will appear on the screen. Under the details, you can find a buy and sell button. Click on them and enter the quantity and price to complete trading.

Groww App Charges

Groww App Charges only include the brokerage for stock trading. They are also very low. Traders must pay the lowest amount, either Rs. 20 per trade or 0.05% of the trade volume.

This helps both bulk traders and others. If you place a minimum order, you must pay a minimum fee.

Its account opening and AMC are totally free. It also offers zero commission on direct mutual fund investments.

So, you pay only for the amount you trade. This allows traders to earn more profit from their investments.

Its low charges make it a hot choice for beginners. They can open a Demat account for free and transfer only the amount they want to trade. It’s the easiest and most cost-effective option.

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Benefits of Groww Trading App

Every Groww Trading App Review feature its benefits.

• Groww offers various services in one interface. Users may invest in different stock markets or mutual funds.
• Traders can create multiple watchlists of shares. These scripts will help them track the price of selected stocks with one click.
• The app does not contain complex financial jargon or overwhelming menus. It makes it easy for beginners to navigate and find the investment options they need.
• It’s a flat fee, and a minimum brokerage scheme helps investors maximise their profits. Traders must pay the lowest of either Rs. 20 per trade or 0.05% of the volume.
• The app is totally free to use. It doesn’t require any demat account opening charge and AMC.
• Traders get valuable insights from their detailed analysis of stocks and informative blogs.

Groww App Review – Conclusion

Groww offers a user-friendly and affordable platform for beginners and budget-conscious investors.

It offers stocks and mutual funds at a minimum fee. If you are new to the stock market and want to select an app to start investing, Groww is perfect.

You can read every Groww App Review by users for more practical insights. Overall, it’s a top choice for investors in the Indian stock market.

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FAQs on the Groww App

These are the topics most often searched regarding the Groww app in Google.

What is the Groww Mobile App?

Groww is a mobile app that offers different financial products, such as stock trading and mutual funds. Users can create a Demat account for free and start trading.

How do you earn money from the Groww Trading App?

It offers a flat-fee discount brokerage scheme. So, if you can trade with a minimum price difference, you profit more due to the low brokerage.

Is Groww App Trusted?

It follows all requirements for stock market services and security measures. However, it’s relatively new in the market, so we can’t measure its track record of lengthy services.

How do you change KYC details in the Groww App?

You need to initiate a request through Groww’s customer support to change your KYC details. Also, you’ll need to submit scanned copies of documents that prove the update.

What is the use of the Groww App?

It offers a wide range of Indian stock market products. Users can trade stocks and buy MFs within this app, and the app notifies them about every news item in the stock market.

How to refer from the Groww App?

Groww evaluates various factors to choose eligible users for referral benefits. Once eligible, traders can ‘Share invite link’ on the ‘Refer & earn’ screen.

Is F&O trading available on the Groww app?

Groww features F&O trading. Investors can ‘call’ or ‘put’ contracts in the future and options market. It is available for equity, commodity and currency trading.

How to add a nominee to Groww App?

Users can add nominee details from their profile section. The “Declare Nominee” option is available in the “Account details.” Click on that and upload the details.

Is Commodity Trading available in the Groww App?

Groww offers commodity trading. Investors may buy and sell commodities or make contracts in the F&O market. The brokerage is Rs. 20 or 0.05%, which is low.

Who is the Founder of Groww App?

The founders of the Groww app are Lalit Keshre, Harsh Jain, Neeraj Singh and Ishan Bansal. They founded this company in 2016.