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Groww Mutual Fund Review 2026 – Charges, SIP, Benefits

Groww Mutual Fund Review 2026

Discount Broker·NSE, BSE

4/ 5 by InvestorGain Team Rate

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.

Open Free Account

₹Free

A/C Opening

₹0.1% or Rs 20

Eq Delivery

₹Flat Fee Rs 20

Futures

₹Flat Fee Rs 20

options

4★

Overall Rating

Groww app is one of the India’s best platforms for free direct mutual fund investment. The broker offers zero brokerage paperless investment in mutual funds at no account opening charges, commission, subscription fee, and redemption charges through Groww app and website. Groww mutual fund app allows investment in 5000+ mutual fund schemes of 35+ top AMCs via SIP and lumpsum mode. The discount broker also facilitates clients to switch from regular to direct mutual fund plans to get 1% - 1.5% extra returns by paying less expense ratio.

Scroll down the page further to get complete review on how to invest in groww mutual funds, brokerage charges, is grow safe for mutual funds, groww mutual fund app features, groww mutual fund withdrawal process, and more.

Groww Mutual Fund Charges

Groww is a complete free platform for investment in direct mutual funds at zero brokerage, nil subscription fees, or transaction charges. The broker further doesn’t charges any mutual fund withdrawal fees from clients to redeem their mutual funds from Groww app or website.

Groww mutual fund brokerage charges
Particulars	Brokerage charges
Groww Mutual Fund Account Opening Charges	Free
Groww Mutual Fund Account AMC	Free
Groww Mutual Fund Brokerage Charges	Zero
Groww Mutual Fund Commission Fee	Zero
Groww mutual fund redemption charges	Zero

Groww Mutual Fund App

Groww has started its journey in 2016 as the mutual fund investment platform. The company provides a dedicated mobile app and web-based platform for investment in direct plans. Groww app is one of the India’s fastest growing all-in-one mobile apps trusted by 90 lakh+ users with 4.6 rating on Play store. Groww mutual fund app is equipped with an abundance of features, pointed below:

5000+ direct mutual funds from 35+ AMCs to help getting 1%+ extra returns.
Zero brokerage, no transaction fee, and subscription fee.
No hidden charges.
Paperless mutual fund investment process.
Ready-made mutual fund portfolio of equity, debt, hybrid, and other categories of mutual funds.
Compare upto 3 mutual funds (https://groww.in/mutual-funds/compare) based on parameters like NAV, returns, risks, expense ratio, etc.
Track all external investment and an option to switch from regular to direct mutual funds.
Start SIP with as low as Rs. 500.
Invest in direct plans through SIP and lumpsum mode.
Smart user-interface and intuitive dashboard to check all your holdings and returns.
In-built Groww mutual fund SIP calculator to check returns.
Safe and secure mobile app with 128 bit SSL encryption and fingerprint protection.

Groww Mutual Fund SIP

Customers can start SIP in Groww mutual fund with as low as Rs. 500. SIP is the most preferred investment route to invest a fixed sum of money at a regular time interval.

Steps to start SIP in Groww mutual funds;

Log in to the Groww app or website.
Enter the scheme name on the magnifying glass icon bar.
Select the mutual fund scheme name and tap on “Invest Now” button.
Choose the investment type, “SIP” or “One-time”.
Click on the “SIP” option to start SIP.
Enter the SIP amount and tap on the “proceed” option.
From the drop-down, select the SIP date.
Now, click on the “I’ll invest” and tap on the “Confirm and Pay” option.
You will be redirected to your bank’s net banking portal.
Pay the first SIP installment and it’s done, SIP amount will be automatically deducted from your bank account.

Note: You can stop your mutual fund SIP investment anytime in future online on the Groww app.

Groww Mutual Fund Account

Customers can open a mutual fund account using Groww mobile app or trading website. Groww platform offers hassle-free and paperless account opening process at nil charges.

Steps to open Groww mutual fund account:

Head to the Groww app or website.
Enter email ID and set password.
Enter mobile number and the verification code.
Verify PAN Card number.
Enter personal details i.e. DOB as per PAN card, gender, marital status, and residence.
Enter KYC details like occupation, income, etc.
Add nominee for all your mutual fund investment including nominee name and relation.
Verify bank account details i.e. IFSC, and account number.
Upload your photo or selfie.
Upload a scanned copy of PAN card, aadhaar card, and signature.
Now, you will see two options “Open Stocks Account” and “Invest in Mutual Funds”. If you only want to invest in mutual funds, then tap on the latter option and start investing at zero brokerage.

Groww Mutual Fund Account Opening Documents

You have to submit the following set of documents checklist while opening mutual fund account with Groww;

Candidate’s photo.
PAN Card.
Aadhaar card or Voter ID, Passport, Driving License, etc.
A scanned copy of your signature.
Bank account details i.e. account number and IFSC code.

Groww Mutual Fund Calculators

Particulars	Description
Groww Mutual Fund SIP Calculator	Groww offers in-built mutual fund calculators to analyze the amount you need to invest and an approximate estimate of the growth value of monthly SIP investment for a fixed period.
Groww Mutual Fund Lumpsum Calculator	Lumpsum calculator tool helps investors to determine the estimated returns on the lumpsum investment to meet your financial goal.
Groww Mutual Fund SWP Calculator	SWP (Systematic Withdrawal Plan) is a scheme to withdraw a fixed amount of money from a scheme during a fixed time interval. Groww SWP calculator is a tool to analyze the matured sum taking into consideration monthly withdrawal.
Groww Mutual Fund Returns Calculator	Simply enter the total investment, expected rate of return (per annum), and tenure and the MF Return calculator will show the expected returns.

Groww Mutual Fund Withdrawal

You can redeem your mutual funds investment on the Groww app instantly on a few-click. Groww offers mutual fund redemption facility in terms of units and investment value. Let’s check the detailed step by step process to withdraw your mutual fund investment from Groww app;

Log in to the Groww mobile app or website.
Tap on the “Dashboard” option displayed on the Home page.
Groww dashboard displays the complete list of all mutual fund holdings, invested money, and current growth value.
Select the mutual fund scheme, you want to redeem investment from and simply tap on the “Redeem” option.
Enter a redemption amount or no. of units and then click on the “Redeem” option to place mutual fund withdrawal request on Groww.
Now, select the option in between groww balance or bank account and tap on the “Continue” option.
Enter PIN number or verify it with fingerprint authentication.
Confirm the redemption order and the request will be processed within 24 hours.

Groww Mutual Fund Withdrawal Charges

Nil, Groww offers absolutely free mutual fund withdrawal services at zero charges. However, it is to be noted that the mutual fund scheme from which you are redeeming in may be subject to the exit load based on the period of investment.

Groww Mutual Fund Cut-off Time

Cut-off timing in mutual fund actually decides the applicable NAV (net asset value) to your mutual fund buy and sell transactions. To get the same day NAV applicable, your investment or redemption request must be placed before the cut-off timing, however, Next day’s NAV will be applicable on all those orders placed after the cut-off timings. The timings vary across the type of mutual fund and transaction type (Buy or Sell).

Groww MF cut-off timing
Type of mutual fund	Cut-off timing (Buy)	Cut-off timing (Sell)
Liquid and Overnight Fund	12:55 PM	3:00 PM
Other mutual funds >= 2 Lakhs	2:25 PM	3:00 PM
Other mutual funds < 2 Lakhs	3:00 PM	3:00 PM

Groww Mutual Fund Customer Care Number

Access Groww “Help & Support” section on the website or mobile app with a list of queries available or you can also raise a ticket to get hassle-free solution. You can also send an email to the Groww customer helpline at [email protected] and chat with Groww customer support team.

⚖️

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Frequently Asked Questions

1. Is it safe to invest in mutual funds through Groww app?−

Safety is the first and foremost concern that comes to everyone’s mind before investing in mutual funds. In this regard, online investment through Groww mutual fund account is completely safe due to the following reasons:

Bank-grade security level using 128-bit encryption.
All transactions i.e. investment, redemption, etc. are placed through BSE Star MF platform.
Set Groww PIN or use fingerprint unlock feature to keep your investment safe and secure.

2. How to invest in mutual funds through Groww app+

Groww app is an all-in-one dedicated stocks and mutual fund app to start SIP or make one-time lumpsum investment. The discount broker facilitates 100% paperless investment in direct mutual fund for Free through Groww app and website.

Steps to invest in Mutual funds online through Groww App;

Log in to the Groww mutual fund app on android or iOS.
Enter the scheme name and select the one of your choice. Groww provides many filters like AMC, scheme type, returns, etc.
Tap on the “Invest Now” option.
Now, choose the mode of investment i.e. “SIP” or “One-time”.
Enter investment amount and in case of SIP, select the SIP date.
Once done, the page will take you to net banking portal of your bank account.
Simply log in to your net banking account and make payment of the investment amount.
That’s all, and your MF investment is successfully done. Once the request is processed, the allotted mutual fund units will reflect in the Groww mutual fund account dashboard.

3. How can I invest lumpsum money in Groww app?+

If you want to invest accumulated money in your choice of mutual fund scheme, then you should invest through lumpsum. Here are the steps to invest lumpsum through Groww app:

Log in with the Groww app.
Select your choice of scheme and then press “Invest Now” button.
Enter the amount and click on the “One-time” option.
Tap “Confirm & Pay” button to pay the lumpsum investment amount.
Upon successful payment, your investment is done.

4. How good is Groww app for mutual fund investment?+

The groww app for mutual funds investment is one of the best mobile apps due to a number of reasons, mentioned below:

India’s fastest-growing platform.
Online direct mutual funds investment.
Availability of multiple categories of schemes from top 35 AMCs.
Zero commission, brokerage, and transaction charges.
Invest anytime anywhere through Groww Mutual Fund app.

5. Can I cancel my SIP on Groww app?+

Yes, if you want to cancel your SIP investment then you can do it through the following steps:

Login to the Groww app.
Go to the “My SIP” button.
Select the relevant scheme, in which, you want to cancel your SIP investment.
Tap “Cancel SIP” button and your SIP are stopped.

Notably, cancelling an SIP just means stopping further SIP installments. Already deducted SIPs will be still remaining invested.

6. How to switch from regular to direct mutual funds on Groww?+

Groww provides free switching facility from regular to direct plans. Before transferring from regular to direct schemes, you must cancel the old SIP in regular plan. Here’s the process on how to switch from regular to direct funds on Groww:

Firstly, import your external mutual funds investment to Groww.
On the dashboard, press “Switch to Direct” option.
Your accumulated MF units in regular schemes will be redeemed and invested in direct schemes.

7. How can I track my external mutual funds investment on Groww?+

Groww facilitates customers to view their external mutual funds investment through below steps;

Login to your Groww account.
On the Dashboard, tap on the “Import Funds” option.
Press “Connect with Google” to auto-track your investment elsewhere.
Select the registered email with your external mutual funds investment.
Now, it will redirect to CAMS page where Groww will generate a consolidated account statement (CAS). You can see the pre-filled details here now, just press the “Submit” button.
Once the request has been placed successfully, you will get a message and the page will be redirected back to Groww.
Groww will scan and import all external funds that will be visible to the dashboard.

8. Is Groww mutual fund safe?+

Yes, Groww is a SEBI registered discount broker and investment in direct mutual funds with Groww is safe and secure. All the mutual funds buy and sell transactions are placed through BSE platform. Groww mutual fund app is known as the safest online platform that comes with SSL certification and 128 bit encryption. The app also offers fingerprint authentication and PIN security.

Even if in any circumstances, Groww shuts down then still your investment will be 100% safe with the respective AMCs. You can directly view all your mutual fund holdings and current investment value in the respective mutual fund house.

9. How to start SIP on the Groww mutual fund app?+

Groww app is India’s fastest growing mutual fund investment platform at no brokerage or commission fee charged. The dedicated mobile app offers easy and hassle-free investment in 5000+ direct mutual fund plans across 35+ fund houses.

Steps to start mutual fund SIP through Groww App:

Download and log in to the Groww mutual fund app.
Select your preferred scheme that you want to invest in.
Click on the “Invest Now” button.
Enter the SIP amount and then press “SIP” button.
Select SIP auto payment billing date and Tap on “I’ll invest”.
Pay the first SIP installment.
Your mutual fund SIP on Groww will be successfully registered. The SIP amount will be directly debited from your bank account from the next SIP due date.