FREE Account Opening + Zero AMC Fees* + MutualFund SIP

Groww Review 2023

Rated 4 stars Rated 4/5 by Top Share Brokers Team
Last updated on: 17-Jun-2022
Groww Review
  • Ranked #1 Broker in India(5*)
  • Get 100% Free Delivery Trading
  • Risk Free Account Opening
  • Groww Review 2023 - Quick Summary

    Groww is the top broker for beginners with a crystal clear user interface-enabled safe & secure Groww App & a web-based platform to invest in direct mutual funds for free and trade-in equity & derivatives segment at Rs. 20/order flat brokerage charges.

    Rated 4 stars

    Groww Top Highlight for 2023

    • Open Free Groww Demat Account at zero account opening fees.
    • Instant paperless account opening/onboarding process via Groww App.
    • Backed by investors like TigerGlobal, Ribbit Capital, and Sequoia.
    • Brokerage-free direct mutual fund investment.
    • Groww App is the best direct mutual fund investment platform.
    • Trade at 20/order flat brokerage fee in stocks and derivatives.
    • Multiple product offerings; FDs, SGBs, and IPO.
    • Invest in US-based stocks.
    • User-friendly, simple, and safe & secure Groww app and web platform.

    About Groww

    Groww is the Bangalore-based online discount brokerage firm by Nextbillion Technology. Groww started its journey in 2016 as a mutual fund investment platform only, and today, Groww App is one of the most popular platforms to invest in direct mutual funds for Free. The broker offers equity, debt, ELSS, and hybrid categories of 5000+ direct mutual fund schemes of 35+ AMCs. Later, the broker extended its portfolio to equity, derivatives trading, digital gold, FDs, and US Stocks.

    Open a Free Groww Demat and Trading account online at zero charges and zero Demat AMC. Groww facilitates zero brokerage direct mutual fund investment and charges a lower of Rs. 20/order or 0.05% on equity trading and flat Rs. 20 per order brokerage fee on derivatives trading.

    Being a technology-focused broker, Groww offers simple and easy-to-use platforms for hassle-free online trading and investing experience. It has super easy, fast, and transparent with a clean user interface enabled Groww app and web-based online platforms. Groww app is a safe & secure mobile app protected with 128-bit SSL encryption that provides bank-grade security.

    Groww also has dedicated resources for beginners like Groww Academy, a dedicated self-paced online stock market learning platform, and also provides informative blogs. The broker only offers an online customer care facility over an email and via raising a ticket online.

    Check more details about Groww Review 2022 including brokerage charges, account opening process, Groww app platform features, customer care details, and pros & cons.

    Zerodha Promotion Offer

    Current promotion offer from Zerodha for TopShareBrokers 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

    Rated 4.5 stars Brokerage and Commission Rated 4.5/5

    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 15
    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 15 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 15 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 15 whichever is lower
    Equity Options Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 20 Flat Fee Rs 15 per order
    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
    Rated 4 stars
    Rated 4 stars Rated 4.5 stars Rated 4.5 stars Rated 4 stars

    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

    Indian citizens can open a 2-in-1 means trading cum Demat account together with Groww and experience seamless trading and investing journey. Check out a brief review of Groww Account types below;

    Groww Demat & Trading Account

      Groww is a CDSL depository participant to offer a Demat account opening facility. Customers can open Groww Demat + Trading Account for Free at nil charges. The 2-in-1 account allows users to trade or invest in equity, derivatives, FDs, US Stocks, and more. The broker offers a low-cost and hassle-free trading experience on user-friendly platforms at Max Rs. 20/order brokerage.

    Groww Mutual Fund Account

      Groww is the best platform for mutual fund investment in a quick and hassle-free manner. To invest in mutual funds, you just have to open a mutual fund account online using the Groww App or trading website. It requires you to register mutual fund KYC and submit a scanned copy of the required documents like PAN card, Aadhaar card, and signature. Groww allows investment in direct mutual funds for free at Rs. 0 brokerage.

    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.
  • Free Demat Account
  • 100% Free Delivery Trade
  • Online Account Opening
  • Alternatives to Groww

     Demat Account
     Demat Account
     Demat Account
     Demat Account

    Groww Mobile App and Trading Platforms

    Rated 4 stars Trading Platforms Rated 4/5

    Groww offers user-friendly, easy-to-use, and safe trading platforms across the web and mobile app versions under its brand name. Groww platforms allow customers to transact seamlessly without any hassles. However, it does not provide installable desktop trading software to pro-traders. Have a quick review of the Groww app and trading platforms.

    Groww App [Android and iOS Mobile App]

      In 2016, Groww launched a free mobile trading app called Groww App to make investing as simple as online shopping. The smart user interface of the Groww app makes it an extremely simple and the best platform for beginners. It is today one of the fastest-growing platforms and the best platform for mutual fund investment. The app provides a 100% paperless onboarding process, multiple customized watchlists, one-tap order placement, real-time market data, 10+ technical charts with a time frame of 1 min to 1 month, and a price history of upto 10 years.

      The app is a safe and secure app with fingerprint scanner authentication and 128-bit SSL encryption. It also uses the BSE Star MF Platform, therefore all mutual fund transactions are placed directly with AMC.

    Groww Web [Web Trading Platform]

      Groww also provides a free browser-accessible online web trading platform to users. Customers can log in to their Groww account on the website and start trading and investing in equity, derivatives, mutual funds, digital gold, US stocks, and apply for IPOs online. Beginners can also access the Groww Academy to learn about the stock market and read the latest financial market news on the Groww Digest.

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

    Groww Trading Pros

    Despite brokerage-free mutual fund investment and flat brokerage trading, Groww offers many trading advantages (Pros) pointed as follows;

    • Pay Rs. 20 flat brokerage charges.
    • Zero account opening fees on Groww Trading & Demat Account.
    • Zero Demat account maintenance charges.
    • Free direct mutual fund investment at nil brokerage and get an extra upto 1.5% return.
    • Easy-to-use, safe, and reliable Groww App and Web platform.
    • Apply for IPO online via UPI.
    • Invest in digital gold, US stocks, US ETFs, and FDs.
    • Get the latest trending news and updates on the Groww Digest.
    • Groww Academy is a 100% free learning platform for beginners.
    • Zero fixed charges.
    • Zero hidden charges.

    Groww Trading Cons

    Limited trading product availability is a key limitation or drawback of trading with Groww. Check out the list of Groww Trading cons as follows;

    • Groww does not offer commodity and currency trading.
    • Groww does not provide research, trading tips, and recommendations.
    • NRIs cannot open Groww account.
    • Advanced orders like Bracket order, Cover order, GTT, and AMO order is unavailable.
    • Delivery trading is not free.
    • No call & trade facility.
    • No margin trading.

    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 stars Rated 4/5 by 20 users

    Groww is the best broker for mutual fund investors to undertake paperless investment in direct mutual funds at zero brokerage and earn upto 1.5% extra returns on investment. Further, beginners who are looking to start equity and derivatives trading can choose Groww due to its low-cost online trading services at flat Rs. 20/order brokerage.

    Free mutual fund investment, cheapest online trading, and an abundance of educational resources for beginners on the Groww Academy and Groww Digest make Groww an excellent broker for beginners.

    Request call back from Zerodha

    Last updated on: 2022-06-17


    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

    7. mahipal dardi Sep 16 2022 03:40:36 AM Reply
    some times dashboard goes vanished . just solve this problem. and add the features of SME ipos


    Brokerage - Above Average
    Account Maintenance Fees - Excellent
    Website Usability - Excellent
    Customer Service - Excellent
    Overall Experience - Excellent
    6. Neelam Suresh Aug 10 2022 02:34:22 AM Reply
    customer service is good


    Brokerage - Excellent
    Account Maintenance Fees - Excellent
    Website Usability - Excellent
    Customer Service - Excellent
    Overall Experience - Excellent
    5. Sachin Jul 26 2022 01:50:08 AM Reply
    Good service, but not compare to Zerodha.


    Brokerage - Above Average
    Account Maintenance Fees - Above Average
    Website Usability - Above Average
    Customer Service - Average
    Overall Experience - Above Average
    4. Rubesh Jan 04 2022 11:00:55 PM Reply
    I like the app because it gives me good understanding of the stocks that I am interested in, based on the fundamentals that they have in their software.


    Brokerage - Above Average
    Account Maintenance Fees - Excellent
    Website Usability - Above Average
    Customer Service - Excellent
    Overall Experience - Above Average
    3. Maithali Sharan Dec 16 2021 07:37:43 AM Reply
    Very easy to trade. Provides proper economical details of companies.


    Brokerage - Excellent
    Account Maintenance Fees - Excellent
    Website Usability - Above Average
    Customer Service - Above Average
    Overall Experience - Excellent
    2. Raminder Pal Singh Nov 20 2021 05:21:55 AM Reply
    Overall Good Platform for investment.


    Brokerage - Above Average
    Account Maintenance Fees - Average
    Website Usability - Above Average
    Customer Service - Average
    Overall Experience - Above Average
    1. brajesh kumar Jul 11 2021 11:58:29 AM Reply


    Brokerage - Average
    Account Maintenance Fees - Above Average
    Website Usability - Excellent
    Customer Service - Very Poor
    Overall Experience - Excellent