Groww Review 2021 | Sign-up & get ₹100, Advantage Disadvantages & many more |

Groww is a Bangalore primarily based broker providing on-line flat fee discount brokerage services to speculate in Equity, IPO, and Direct Mutual Funds. Groww is that the name for Nextbillion Technology personal restricted World Health Organization may be a SEBI registered agent and a member of NSE and BSE.

Established in 2016, Groww at first started as an instantaneous fund investment platform. within the mid-2020s, Groww enlarged its product providing to incorporate Equity commercialism. the corporate conjointly offers Digital gold, US Stocks, and stuck Deposit as different investment choices for its customers.


Key Highlights of Groww

  • Zero commission direct mutual funds.

  • The maximum brokerage charged per trade is Rs 20.

  • Instant and paperless online account opening.

  • It also provides investment in US Stocks, Digital gold, and Corporate FD.


Product Basket

The segments in which you can invest through this broker

  •  Equity ✔

  •  Futures ✔

  •  Options ✔

  •  Commodity ✘

  •  Currency ✘


Brokerage Charges

  • Account Opening Charges - Free ✔

  • Account Maintenance Charges - Free ✔

  • Call & Trade Charges - ✘


Trading Segment Brokerage Charges

Equity Delivery

Rs 20 per executed order or 0.05% whichever is lower

Equity Intraday

Rs 20 per executed order or 0.05% whichever is lower

Futures & Options

Rs 20 per executed order

Mutual Funds


Other charges levied by Groww include:

  1. Auto square off charges: Rs 50

Visit Groww Brokerage Charges Review for more detail.


Groww Pros (Advantages)

  • Simple pricing.

  • Cheap discount brokers of India with a brokerage charge of Rs 20 or 0.05% per executed trade, whichever is lower.

  • Zero Account opening fee.

  • Zero Demat AMC Charges.

  • Instant paperless account opening.

  • Online IPO application.

  • Direct Mutual Funds platform that helps you earn an extra 1.5% returns.

  • Option to invest online in digital gold.

  • E-books, Resources, and Blogs that provide updates on the stock market to help investors.


Groww Cons (Disadvantages)

  • Limited investment products with no option to currently trade in commodity, and currency.

  • No Call and Trade services.

  • No stock tips, research reports, or recommendations.

  • No branch support.

  • No Margin trading facility.

  • No Margin against shares.

  • Advanced order types like BO, CO, AMO, and GTT not available.


What are the documents required for Groww account opening?

The account opening at Groww is a 100% paperless process.

Documents required for Groww account opening:

  • Identity proof - PAN Card.

  • Address proof - Aadhar Card, Passport, Voters ID, or driving license.

  • Bank Account details - IFSC Code, Bank account No.

  • Signature Photo.


Join me and 10 million Indians on Groww to invest in Stocks and Direct Mutual Funds. Get ₹100 reward straight to your Bank Account/Groww Balance to start investing by activating your account using this link. Limited time period offer only:

How To Get Rs.100 on Signup in Groww?

  1. Download Groww App from below mentioned link.

  2. Download Groww App - Click Here

  3. Once you click on the above-mentioned link, You will be redirected to Google Playstore.

  4. Now download and install the app.

  5. Once downloaded and install the app, Just open it and start Registration.

  6. Now enter your mobile number and verify it with one-time password.

  7. Enter your PAN card number and click on registration.

  8. Select your gender and marital status.

  9. Select your occupation, income, and trading experience.

  10. Now enter your mother's name and father's name to finish your KYC.

  11. Now choose your bank name and enter your account details.

  12. For verification purposes, you will receive Rs.1 in your bank account Instantly.

  13. Now take a photo and proceed to aadhar e-sign.

  14. Now you have successfully registered with Groww.

  15. Check rewards section and you will receive Rs.100 as signup bonus in 24hrs.


Indian Stock Market Timings

S. No. Name Time
1. Pre-opening session 9.00 a.m. – 9.15 a.m.
2. Normal session 9.15 a.m. – 3.30 p.m.
3. Closing session 3.30 p.m. – 4.00 p.m.


What is Groww rating?

The app has 4.4 star rating in the Google Playstore at present, which shows how well the app works for the investors.

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I hope this blog helps you out.

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