FREE Equity Delivery and MF
Flat ₹20/trade Intra-day/F&O
Zerodha Trade@20
Groww is the top broker for beginners with a crystal clear user interface-enabled safe & secure Groww App & a web-based platform to invest in direct mutual funds for free and trade-in equity & derivatives segment at Rs. 20/order flat brokerage charges.
Groww is the Bangalore-based online discount brokerage firm by Nextbillion Technology. Groww started its journey in 2016 as a mutual fund investment platform only, and today, Groww App is one of the most popular platforms to invest in direct mutual funds for Free. The broker offers equity, debt, ELSS, and hybrid categories of 5000+ direct mutual fund schemes of 35+ AMCs. Later, the broker extended its portfolio to equity, derivatives trading, digital gold, FDs, and US Stocks.
Open a Free Groww Demat and Trading account online at zero charges and zero Demat AMC. Groww facilitates zero brokerage direct mutual fund investment and charges a lower of Rs. 20/order or 0.05% on equity trading and flat Rs. 20 per order brokerage fee on derivatives trading.
Being a technology-focused broker, Groww offers simple and easy-to-use platforms for hassle-free online trading and investing experience. It has super easy, fast, and transparent with a clean user interface enabled Groww app and web-based online platforms. Groww app is a safe & secure mobile app protected with 128-bit SSL encryption that provides bank-grade security.
Groww also has dedicated resources for beginners like Groww Academy, a dedicated self-paced online stock market learning platform, and also provides informative blogs. The broker only offers an online customer care facility over an email and via raising a ticket online.
Check more details about Groww Review 2023 including brokerage charges, account opening process, Groww app platform features, customer care details, and pros & cons.
Current promotion offer from Zerodha for InvestorGain Visitors:
Trading Account Opening Charges: | Free |
Trading Account AMC: | Free |
Demat Account Opening Charges: | Free |
Demat Account AMC: | Free |
Here we are comparing Groww with its 5 close competitors, who are currently market leader in brokerage industry.
Broker | Groww | 5paisa | Zerodha | Upstox | Paytm Money |
Service Type | Discount Broker | Discount Broker | Discount Broker | Discount Broker | Discount Broker |
Brokerage Range | Rs 20 | Rs 20 | Rs 20 | Rs 20 | Rs 20 |
Account Type | 2 in 1 | 2 in 1 | 3 in 1 | 3 in 1 | 2 in 1 |
Equity Delivery | 0.05% or Rs 20 whichever is lower | Flat Fee Rs 20 | Free | 2.5% or Rs 20 whichever is lower | 2.5% or Rs 20 whichever is lower |
Equity Intraday | 0.05% or Rs 20 whichever is lower | Flat Fee Rs 20 | 0.03% or Rs 20 whichever is lower | 0.05% or Rs 20 whichever is lower | 0.05% or Rs 20 whichever is lower |
Equity Futures | Flat Fee Rs 20 | Flat Fee Rs 20 | 0.03% or Rs 20 whichever is lower | 0.05% or Rs 20 whichever is lower | 0.02% or Rs 20 whichever is lower |
Equity Options | Flat Fee Rs 20 | Flat Fee Rs 20 | Flat Fee Rs 20 | Flat Fee Rs 20 | Flat Fee Rs 20 |
Commodity | Not Available | Flat Fee Rs 20 | Flat Fee Rs 20 | Flat Fee Rs 20 | NA |
Currency Futures | Not Available | Flat Fee Rs 20 | 0.03% or Rs 20 whichever is lower | 0.05% or Rs 20 whichever is lower | NA |
Currency Options | Not Available | Flat Fee Rs 20 | Flat Fee Rs 20 | Flat Fee Rs 20 | NA |
Rating |
![]() |
![]() |
![]() |
![]() |
![]() |
For complete brokerage charges and trading plans detail please visit Groww Brokerage Charges.
Please refer unique and accurate Groww Brokerage Calculator
Indian citizens can open a 2-in-1 means trading cum Demat account together with Groww and experience seamless trading and investing journey. Check out a brief review of Groww Account types below;
Groww offers an instant paperless account opening process on the Groww app. The broker offers a Free Demat + Trading Account at Zero account opening charges. Further, there is no Demat AMC fee on the Groww account.
Steps to open a Demat account with Groww online;
Zerodha No#1 Broker in India
Groww offers user-friendly, easy-to-use, and safe trading platforms across the web and mobile app versions under its brand name. Groww platforms allow customers to transact seamlessly without any hassles. However, it does not provide installable desktop trading software to pro-traders. Have a quick review of the Groww app and trading platforms.
For detail review of mobile app and download please visit Groww Trading Platform Review.
Despite brokerage-free mutual fund investment and flat brokerage trading, Groww offers many trading advantages (Pros) pointed as follows;
Limited trading product availability is a key limitation or drawback of trading with Groww. Check out the list of Groww Trading cons as follows;
Groww customer care support team offers resolve customers’ issues at the earliest over email and its customer helpline number. It also has “Help & support” section where you can solve your queries regarding payments, orders, account details, and more. The broker does not provide 24/7 customer support and branch support.
Groww is the best broker for mutual fund investors to undertake paperless investment in direct mutual funds at zero brokerage and earn upto 1.5% extra returns on investment. Further, beginners who are looking to start equity and derivatives trading can choose Groww due to its low-cost online trading services at flat Rs. 20/order brokerage.
Free mutual fund investment, cheapest online trading, and an abundance of educational resources for beginners on the Groww Academy and Groww Digest make Groww an excellent broker for beginners.
Last updated on: 2023-09-08
Groww was founded by former Flipkart employee - Lalit Keshre with his three friends Harsh Jain, Neeraj Singh, and Ishan Bansal. The founder has started Groww with the key objective to provide safe, secure, convenient, fastest, and easy to use online trading platform.
Groww, the discount brokerage firm offers intraday as well as delivery trading. Here is the step to start Groww online trading;
Groww is the best platform for beginners that offer free direct mutual fund investment. It is one of the preferred broker among beginners due to following reasons:
Groww has a simple business operation model wherein it charges a fixed flat brokerage fee from customers on trading and investing in different financial products. The broker offers free demat and trading account opening at zero account maintenance charges and allows trading in stocks, equity F&O, IPO, mutual funds, and digital gold. Groww charges flat Rs. 20 brokerage or 0.05% whichever is lower on equity trading and flat Rs. 20 per executed brokerage on derivative trading. It offers seamless and user-friendly mobile app and web-based platform for online trading services.
Groww balance is your internal account balance available in the trading account. Whenever you place any buy order, the transaction amount will be directly debited from the Groww balance while proceeds from any sell transaction will be credited. Thus, Groww balance makes the trading and investing process easier through one-click investment. You can transfer money to Groww balance through its mobile app or web via UPI or net banking option.
Groww account balance can be different from the withdrawable or available to invest balance due to unsettled transaction.
Groww app supports instant and hassle-free fund transfer using UPI payment gateway mechanism i.e. PhonePe, Google Pay, etc. Here are the steps to add funds to Groww app;
All fund withdrawal request can be placed online either on the website or Groww mobile app. The discount broker processes the fund withdrawal request within 24 working hours and money will be credited back to the registered bank account.
Steps to withdraw money on Groww app:
Note: You can withdraw funds from Groww account within your withdrawal balance limit and added funds can be withdrawn only after 1 working day.
Yes, Groww offers 100% free account opening at zero charges. It also don’t charge annual account maintenance fee on the Demat account. You are only charged with a flat fixed Rs. 20 per order brokerage on equity and derivative trading segment. However, investment in direct mutual funds are absolutely free of cost.
The broker facilitates 100% paperless and easy account opening process using Groww mobile app.
Although Groww offers the best mobile app, free mutual fund investment, and flat Rs. 20 brokerage on equity F&O trading. However, online trading with Groww has several set of disadvantages also such as follows;
Groww platform facilitates online trading and investment in shares, equity derivative, direct mutual funds, IPO, FD, and US stocks. You just have to open Groww account online using Groww app. Once your accounts get activated and ready for investing, you can log in to the Groww account on its website or mobile app.
Now, you can place orders of your choice through the Groww trading platform. The brokerage firm charges a lower of Rs. 20 or 0.05% whichever is lower on equity trading and Flat Rs. 20 per order brokerage on F&O trades. However, investing in direct mutual funds with Groww is absolutely Free.
Yes, Groww is a discount broker that offers online trading in stocks and futures & options at Max Rs. 20 per order brokerage. It further offers investment products like FD, IPO, Direct mutual funds, and US Stocks & US ETF. Beginners can also access informative blogs, eBooks, and other educational sources on the Groww platform.
Yes, Groww offers equity F&O trading at a fixed flat brokerage of Rs. 20 per executed order. Customers can access Index and equity F&O contracts on the app or website with a wide range of charts & indicators. Groww platform also provides top-rated options on open interest and trading volume.
Yes, Groww is a SEBI registered discount brokerage firm as NextBillion Technology Private Limited with registration number INZ000208032. It is also a registered member of BSE and NSE and a DP with CDSL to offer Demat accounts to customers.
Ratings:
Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent