Groww is a broker based in Bangalore that provides discounted online brokerage services for flat rates for stocks, IPOs and direct mutual funds. Groww is a trademark of Nextbillion Technology Private Limited. Next Billion Technology Private Limited is a SEBI registered stockbroker and a member of NSE and BSE.

Groww was established in 2016, initially as a direct investment platform for mutual funds. In the mid-2020s, Groww expanded its product range to include stock trading. The company also provides digital gold, US stocks and fixed deposits as further investment options for your investment.

Groww’s commission is less than 20 rupees or 0.05% per transaction. As a broker, you can pay up to 20 rupees per order regardless of the quantity or amount. Groww provides free mutual fund services without investment or mutual fund repurchase commissions.

Groww has its own trading platform Groww (web and mobile trading application) to provide investors with a seamless trading experience. It is a secure application with 128-bit encryption. Groww is one of the fastest-growing platforms in India, with a strong customer base of over 90 Lakh plus users (as of November 2020). It is also one of the most highly-rated apps (4.5+) on the Google Play Store and App Store.

Groww is an online broker. Compared with a full-service broker, it does not provide any consulting, consulting or research services. Groww provides free ebooks, information and education blogs, and resources to help investors/novices learn the basics of the stock market and investment so that they can make informed investment decisions.

Highlights of the Groww

• Zero Committee Direct Investment Fund. 
• The maximum brokerage fee per transaction is 20 rupees. 
• Open an account online instantly, without paper documents.
• Increase customer awareness through education and information blogs and e-books.
• Provides investment in US stocks, digital gold and corporate FD.

Groww Online account opening 

Groww provides online account opening for its customers. This is a simple, instant and paperless process. Opening an account with Groww is free and there is no maintenance fee. To open a trading account and a Demat account at Groww, you need to download the Groww mobile app or register on the company website and complete the setup.

Groww is an online broker without any industry. The company does not provide account opening forms on the website, nor does it provide offline account opening.

Groww trading software 

Groww provides its customers with services for conducting transactions through mobile and network devices. Investors can seamlessly trade by switching between the Groww app and the website. 

Since Groww started as a mutual fund investment platform, the Groww application and the Internet have become better and better. The company recently started stock trading in June 2020. The company is studying new products such as US stocks, time deposits, and digital gold, which will be gradually and quickly added to the Internet and mobile applications. Further, develop and improve functions. The company does not have desktop business terminals. It also does not provide commercial or telephone services.

Groww’s advantages

The following are the advantages of Groww. Before opening an account with Groww, you should read the pros and cons of Groww. The advantages and disadvantages of Groww will help you determine whether it is suitable for your investment needs.

• Simple pricing model.
• One of the cheapest discount brokers in India, the brokerage commission for each transaction is 20 rupees or 0.05%, whichever is lower. 
• No commission is required to open an account. 
• Zero Demat AMC fees.
• A mutual fund platform can help you get an extra 1.5% return. 
• The ability to invest in digital gold online.
• E-books, resources and blogs provide necessary stock market information and updates to help investors make informed decisions.

Disadvantages of Groww 

Below are the disadvantages of Groww. Check out the list of Groww’s shortcomings.

• It is currently not possible to trade derivatives (futures and options), commodities and limited investment products in foreign exchange. 
• There is no telephone or shopping service. 
• There are no stock alerts, analysis reports or recommendations. 
• No branch support. 
• No margin negotiation service. 
• There is no margin for the stock. 
• Extended order types such as BO, CO, AMO, and GTT are not available. 
• Stop-loss tracking is not provided in the Groww app. 
• They do not offer NRI transactions. 

The disadvantage is that the transactions are very high as the stocks are in the equity shares. The stocks can handle the complete transaction.