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Groww Review 2024

Rated 4/5 by InvestorGain Team
Last updated on: 5-Jan-2024
Groww Review
  1. The Pioneer Discount Broker
  2. Get 100% Free Delivery Trading
  3. Free Direct Mutual Funds & SIP

Groww Review 2024 - Quick Summary

Groww is the top broker for beginners to invest in direct mutual funds for Free and trade in stocks at a Rs 20 flat fee! Also, its easy-to-use, crystal clear user interface, and safe & secure Groww app and web-based platform makes investing hassle-free.

Groww Top Highlight for 2024

  • Zero commission direct mutual fund investment
  • Backed by leading investors Ribbit Capital, Sequia, Tiger Global, etc.
  • Free Demat account opening at no paperwork
  • Zero annual maintenance charge
  • Rs 20 Flat brokerage model
  • Easy to use Groww app and website
  • Invest in US stocks and ETFs

About Groww

Groww was founded in 2016 by Flipkart employees: Lalit Keshre, Harsh Jain, Neeraj Singh, and Ishan Bansal. With a vision to make investing simple, transparent and accessible to every Indian, they initially launched Groww as a platform to invest in direct mutual funds. And today, Groww has the highest number of active users, followed by Zerodha. Let’s dive deeper to learn more about Groww’s success story by presenting an honest Groww review 2024.

Groww, which is owned by NextBillion Technology Pvt Ltd, is the best broker for direct mutual funds investment at Rs 0 brokerage. It is also SEBI, BSE, and NSE registered stockbroker and a depository participant. The stock broker allows you to trade or invest in mutual funds, stocks, equity futures and options (F&O), IPOs, ETFs and US stocks.

The customer-centric approach and the simplest DIY tech-driven investment platforms are the main reasons for Groww’s success. The discount broker allows investors to access various financial investment products and services through its user-friendly website and mobile app.

When you trade with Groww, you do not have to worry about the cost of trading. The broker charges a brokerage of lower of Rs 20 or 0.05% per trade executed. Thus, you end up paying a maximum fee of just Rs 20/order.

The stock broker has also made many improvements to its platform to not only provide a crystal clear and uncluttered interface but also to increase security for users.

The discount stock broker does not provide you with intraday trading tips or stock research reports. And, also has no physical branches and no helpline number for customer support.

Before opening an account with Groww, you must check the account opening fees, mobile app features, available charting options, brokerage charges, and pros and cons.

Zerodha Promotion Offer

Current promotion offer from Zerodha for InvestorGain Visitors:

  • Free Delivery Trading
  • Max Rs. 20 per order brokerage on intraday,F&O,Commodities and Currency
  • Free Direct Mutual Funds and IPO Investment
  • Kite & Coin - Number one Trading platform and Mobile App

Open Instant Zerodha Account Now!

Request call back from Zerodha

Groww Brokerage Plan, Fees and Charges

Brokerage and Commission Rated 4.5/5

Groww follows Rs 20 flat discount pricing structure that allows you to trade at Rs 20 maximum brokerage.

For all segments, be it intraday, equity delivery, and equity futures & options on the BSE and NSE, a flat brokerage of Rs 20 is charged.

Under the flat fee structure, the fee is charged per trade executed, irrespective of your trade value.

While the brokerage charges are the same as other well-known brokers, unlike Zerodha and Fyers, Groww does not allow free investment in stocks.

While investment in direct mutual funds is free of charge. There is no minimum brokerage or hidden fee levied by Groww.

Groww Account Opening Charges

Trading Account Opening Charges: Free
Trading Account AMC: Free
Demat Account Opening Charges: Free
Demat Account AMC: Free

Groww Brokerage Plan with closest competitors

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

Other Charges

  • Call & Trade Charges: Rs 50 Per Executable Order
  • RMS Auto Square Off Charges: Rs 50 Per Executable Order
  • Hidden Charges: NA

For complete brokerage charges and trading plans detail please visit Groww Brokerage Charges.

Please refer unique and accurate Groww Brokerage Calculator

Type of Account offered by Groww

Groww offers various investment products, including equities, equity derivatives, ETFs, mutual funds, IPOs and US equities. To invest in any of these instruments, you need to open an account with Groww, here are the details;

Groww Demat and Trading Account

    As a CDSL-DP, Groww offers depository services. A resident in India can open a 2-in-1 account or a demat and trading account with Groww free of cost.

    With Groww trading account, users can buy and sell Indian stocks, equity F&O, IPO, ETF and US stocks. All stocks and mutual funds will be available in your demat account.

    The stock broker offers a simple and convenient online account opening process with no paperwork.

Groww Mutual Fund Account

Groww is the best broker for mutual fund investment. All you need to do is open a demat account and invest in a mutual fund of your choice for free, with no commission or brokerage fees. As Groww offers users direct mutual funds which save upto 1.5% extra returns.

In May 2023, Next Billion Technology, the owner of Groww, has acquired Indiabulls Asset Management Company Limited to enter the mutual fund business. Groww users can also invest in Groww mutual funds across equity, debt, hybrid, and ETF categories.

Why invest in mutual funds with Groww?

  • More than 5000 direct schemes from top mutual fund companies.
  • Rs 0 mutual fund account opening charges
  • No commission or brokerage on MF investment and redemption
  • Invest effortlessly through the Groww app or web
  • Start SIP with just Rs 100 per month
  • Switch from regular to direct MFs on Groww app

Groww US Trading Account

    Open a global investment account with Groww and invest in US stocks and ETFs. Groww's US trading account is maintained with Viewtrade Securities, a US SEC-registered stock broker.

    Groww allows users to open a US trading account for free and no AMC is charged. The account allows you to invest in US companies such as Amazon, Tesla, Netflix, Airbnb, Spotify, Apple and Google.

How to open Groww Account online?

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;

  1. Download Groww App on your device from Play Store or App Store.
  2. Enter your e-mail and mobile number to register.
  3. Verify the details by entering OTP sent to your mobile number.
  4. Enter PAN card, and bank account details, and verify them.
  5. Under the “Stocks” tab, go to the “Complete setup” option and then click on the “Open Stocks Account” option.
  6. Check all the Groww charges details, notably, Groww doesn’t charge any account opening fee and AMC.
  7. Complete the KYC registration process by entering occupation, income details, parent’s name, etc, and then tap on the “Next” option to proceed.
  8. Select your trading experience from the drop-down menu and click on the “Next”.
  9. Now, upload your signature on plain white paper. Make sure to sign with a dark ink pen to ensure clear visibility.
  10. Complete Aadhaar based e-sign process; you have to enter your Aadhaar card number and verify it with OTP sent to your registered mobile number. E-sign process requires your aadhaar card must be linked with the provided mobile number.
  11. Read the instructions on the account opening form carefully, and click on the “Sign Now” to proceed.
  12. The page will redirect you to the NSDL e-sign portal. Enter your 12-digit Aadhaar card number, tap on “Send OTP” and then enter the OTP to complete the e-sign process.
  13. The screen will display a “Signed successfully” notification and “you can start investing now”.
  14. Groww account will get activated within 24 hours after all the details are verified. Upon successful verification, the broker will provide a Client Master Report (CMR) with BO ID or Demat account number on the registered email address.
  1. Free Demat Account
  2. 100% Free Delivery Trade
  3. Online Account Opening

Alternatives to Groww

 Demat Account
 Demat Account
 Demat Account
 Demat Account

Groww Mobile App and Trading Platforms

Trading Platforms Rated 4/5

Groww offers users web and app-based investment platforms. It does not offer installable terminal or desktop software for experienced traders. The platforms allow you to make seamless and hassle-free transactions in intraday, F&O, stocks and mutual funds.

Groww platforms are free to use at Rs 0 fee.

Groww App [Android and iOS Mobile App]

Groww offers a beginner-friendly, simplified finance app for investing in stocks, MF, IPOs and trading F&O. The smart and crystal clear user interface of Groww app makes it super easy to use for newbies.

Initially, the app was launched to enable users to invest in mutual funds. But later when the broker started offering stock and equity F&O trading products, you can now place and execute orders in MF, stocks and F&O with just one click on your mobile device anytime, anywhere

From the paperless opening of a free Groww demat account to creating a customized watchlist to track live stock price movements on the BSE and NSE, the Groww app has it all.

Also, traders can see 10+ technical charts, TradingView charts, customized chart timeframes from 1 minute to 1 month, a range of technical indicators, price history of up to 10 years and live market updates; you will find it all in the Groww app.

When it comes to the security of the app, Groww has taken every measure to make the app safe and secure to use. Biometric authentication with the fingerprint scanner and protection with 128-bit SSL encryption standards provide users with bank-level security.

Groww Web

Trade in stocks, F&O, IPO, mutual funds and US stocks via Groww web. The platform can be accessed through any browser. You can track Indian indices and global indices, track stock price movements in real-time, view charts and much more.

Whether you are using a cell phone or a desktop computer, you can log into your trading account on the Groww website and make trades in any segment.

Beginners can also read the latest stock market news in the Groww Digest.

For detail review of mobile app and download please visit Groww Trading Platform Review.

Groww Trading Pros

  • Trade or invest in equity, F&O, mutual funds, IPO, US Stocks
  • Rs 0 account opening fee with no AMC
  • Best UI Interface-enabled app and website
  • Equity and F&O trading at Rs 20 maximum brokerage
  • No cost investment in direct mutual funds.
  • TradingView charts and wide range of technical indicators
  • Advance orders like GTT, Target order, and Basket order
  • Get instant and flexible loans on Groww
  • Get the latest trending news and updates on the Groww Digest

Groww Trading Cons

  • Does not offer commodity and currency trading
  • No desktop trading terminal
  • Bracket order and cover order are not available
  • No intraday trading tips and stock research reports
  • NRIs cannot open an account in Groww

Groww Customer Care info

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.

Final thought about Groww

Rated 4/5 by 20 users

New to investing? Groww is the best broker for you. Free investment in direct mutual funds, cheap brokerage, and an easy-to-use mobile app and website make Groww an excellent broker for newbies.

Also, the broker offers low-cost trading in stocks and derivatives at Rs 20 maximum brokerage.

The broker also have an abundance of educational resources, informative blogs, and resources to assist beginners in learning about stock market trading.

Request call back from Zerodha

Last updated on: 2024-01-05


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;

  1. Download the Groww app or access Groww web on any browser.
  2. Log in to the Groww app or web.
  3. Add your favorite stocks to the watchlists.
  4. Click on the “Buy” or “sell” option to place the required order.


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:

  • Invest in direct mutual funds for free.
  • Equity trading at a lower of Rs. 20 per order or 0.05%.
  • F&O trading at flat Rs. 20 per order brokerage.
  • 100% paperless onboarding process to open Demat Account on Groww app.
  • User-friendly mobile app and website for seamless investment experience.
  • No hidden charges or subscription fee.
  • Informative blogs and abundance of educational content on Groww Academy for stock market learning.


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;

  1. Log in to the Groww mobile app.
  2. Once logged in, Tap on “You” under the menu option.
  3. Click on the “Add Money” option, the page will show two payment options via UPI or net banking.
  4. Select “Pay using UPI” option and enter the virtual ID address.
  5. Now, accept the payment request sent to the UPI app.
  6. Once accepted, the app shows a notification that the transaction has been completed and the funds will now be shown in the Groww balance.
  7. Tap on the “Okay” option to come back to the home page on the mobile 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:

  • Log in to the Groww account on mobile app or web.
  • Tap on the “Add Money” option and then click on the “Withdraw”.
  • Now, enter the amount you want to withdraw and tap on “Withdraw”.
  • In case, if you have more than 1 bank account registered then select the bank account of your choice.
  • That’s it, you have successfully placed the withdrawal request and it may take upto 1 working day to transfer the money to your bank account.

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;

  • Limited investment offerings as commodity and currency derivative products are unavailable.
  • Delivery trading with Groww is not free.
  • No branch offices to offer offline customer support.
  • No customer care number.
  • Call & trade facility is not available.
  • No trading & investment tips and research recommendations.
  • Customers cannot place BO, CO, and GTT order.
  • No NRI trading.


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.


Groww User Reviews

17. Somesh Divekar Feb 24 2024 04:11:27 AM Reply


Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
16. Ramana Reddy Feb 09 2024 11:15:30 PM Reply
Groww doesn''t support Minor accounts, all other DP''s are supporting,

If Groww supports minor demat accounts, it will be great help.
15. Arpit Patidar Feb 06 2024 06:10:13 PM Reply
Don''t use grow for fno.. it sucks, lots of glitches.. lost huge amount due to to this.
14. Pradeep Jan 23 2024 05:43:43 PM Reply
I advice not to use groww app for Fn O trading. In mean time it glitches and you are unable to exit from your position leading to a big fund loss and they just say that it''s an electronically managed system. System keeps on our of work for even hours until u lose all your traded amount
I don''t know how their system never fails to take even last single rupee of brokerage
From my side just 1 ⭐
13. Anand Jan 23 2024 02:21:36 PM Reply
I lost to much trade due to technical glitches on grow


Brokerage - Below Average
Account Maintenance Fees - Excellent
Website Usability - Average
Customer Service - Below Average
Overall Experience - Below Average
12. Nikil Jan 16 2024 08:33:21 PM Reply
Not use ful


Brokerage - Very Poor
Account Maintenance Fees - Very Poor
Website Usability - Very Poor
Customer Service - Very Poor
Overall Experience - Very Poor
11. kameswara kota Aug 23 2023 02:07:48 AM Reply
user interface is good


Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
10. Sherk Aug 19 2023 05:15:49 PM Reply
I am trying to update my bank detail in groww account but last one month i am not able to do so. i have sent the physical copy more than one month back still they have not done account update or not have sent any reply to me.they have only one customer care number which is always busy and you have to wait for so long time to get it connected to technical person.i was calling for 3 hr and then that call got connected and still they say that the soft copy which i sent on mail will get forwarded to next time and then i will get reply.i raise ticket 3 days back and still i did not get response.i myself has to reach to them to get the update .worst worst worst system ever i handled. My bro recommended benarnstrong-trades to me, so I move investment there, I do copy trading and I’ve been able to make great profit. Trading with Groww was a bad decision. I rather put all my investment with benarmstrong trades.
9. ANIL ZALA Jul 10 2023 06:31:10 AM Reply
crystal clear user interface
in a Groww application Mutual Fund platform is a very good


Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent
8. Anuj Bahl May 27 2023 12:26:02 AM Reply
Excellent discount broker with user friendly interface and no AMC fees.


Brokerage - Excellent
Account Maintenance Fees - Excellent
Website Usability - Excellent
Customer Service - Excellent
Overall Experience - Excellent