Groww
Groww
Discount Broker

About Broker

Driven by a vision to democratize investing and make it simple and accessible, the four ambitious founders from Flipkart—Lalit Keshre, Harsh Jain, Ishan Bansal, and Neeraj Singh—established Groww in 2017. Within just seven years, Groww rose to become India's leading stock broker, with the largest number of active investors. As of February 2024, Groww has an active client base of 9,185,024.

Product Basket

The segments in which you can invest (includes Equity, Commodity, Currency, Futures, and Options) through this broker.

EquityFuturesOptions

Brokerage Plan

1 or more plans offered by this broker, which outlines, Account opening and maintenance fees charged by this broker, Brokerage charges and Margins provided. Use plan switcher to see the difference in offerings, if multiple plans are available.

Charges

Account Opening

Free

Account Maintenance

Free

Call Trade

-

Brokerage

Equity Delivery

0.05% up to Rs 20

Equity Intraday

0.05% up to Rs 20

Equity Futures

₹20 per order

Equity Options

₹20 per order

Currency Futures

-

Currency Options

-

Commodity Futures

-

Commodity Options

-

Margins

Equity Delivery

0x As per exchange

Equity Intraday

8x As per exchange

Equity Futures

0x As per exchange

Equity Options

0x As per exchange

Currency Futures

-

Currency Options

-

Commodity Futures

-

Commodity Options

-

Platforms Offered

Set of software & applications offered by the broker for executing buy and sell orders online. These are names of their portals and mobile apps, for full desc- Full Platform Details.

WebsiteGroww App

Other Details

Pros

Advantages and Strengths of this broker.

  • Customers can invest in mutual funds without any commission charges.
  • Opening a trading and Demat account is fast and hassle-free.
  • Users can also invest in US equities, US ETFs, US fixed deposits, and digital gold.
  • The platform features a user-friendly and easy-to-navigate interface.

Cons

Disadvantages of this broker that it needs to improve upon.

  • Groww does not support trading in commodities and currencies.
  • The platform does not provide analysis, trading advice, or recommendations.
  • Advanced order types like GTT, Bracket, Cover, and AMO orders are not supported.
  • Research reports on stocks are not offered.

Additional Features

Extra features provided by the broker at little or no extra cost, like research reports, SMS alerts, etc.

3-in-1 AccountComplimentary Trading CallsFree Market ResearchSMS NotificationsMargin FundingMargin Against Shares

Additional Features

Extra features provided by the broker at little or no extra cost, like research reports, SMS alerts, etc.

Mutual FundsIPO ServicesDebt BondsExchange-Traded Funds (ETFs)Insurance Coverage