Can I Invest in Stocks through Groww App?

Short Answer

Yes, now you can easily invest in stocks through the Groww App. It is a popular discount stock broker firm in India who recently expanded its services to the the stock broking arena. It allows traders to invest online without any subscription fees, transaction charges or any other charges.

Detailed Answer

Before investing you have to update your Groww app to the latest version (12.34) then only you will be able to access stocks. After updating you will see the stocks tab which is next to the mutual fund tab.

Groww assists investors as well as traders with a Demat account for Free! You only have to pay the account maintenance charges applicable to the Demat Account. 

Invest in Stocks through Groww App

To unlock stocks on Groww app you have to open a trading and Demat account which is a very easy process. All you have to do is e-sign with your Aadhaar card number. While unlocking stocks, you will be required to enter your Aadhaar number and further input the OTP which is received on the mobile number linked to your Aadhaar. 

By opening an account with Groww you can easily trade in different trading segments such as Currencies, Futures, Options, Equity listed with NSE and BSE. It does not support commodity trading. It is also allowed to trade without geographical barriers which means you can buy stocks of any type from across the globe without stamp work or paying custom duties. 

How long does it take to Activate Your Stocks Account with Groww?

After completion of the onboarding process, it will take a maximum of 24 hours to verify and activate your account for stocks. 

What are the Account Opening and Maintenance Charges?

For opening a trading and Demat account you just have to pay one-time charges of Rs. 200. For AMC (Account Maintenance Charges) you have to pay only Rs. 25 per month + GST, charged quarterly. 

Does Groww Offer Stock Investing Tips and Advice?

No, Groww doesn't recommend or advise on any stocks to their clients. However, you can browse through their smart filters such as top gainer and simplified analysis of any stock on their platform to take the right decision while stock investing.

What are the types of orders provided by Groww?

Groww supports two types of orders which are:

1. Market Order:

This refers to an order for buying and selling a stock instantly, however its execution price will be around the ask price (for the buy orders) and current bid (for the sell orders).

2. Limit Order:

This refers to an order for buying and selling at a specific market price or lower (for the buy orders) and higher (for the sell orders).

Overall, the dashboard of Groww App is pretty good at showing you top sectors, top gainers and loser stocks. You are also able to see the overall status of indices like Nifty and Sensex. 

In this app you have to do everything manually like buying, selling and keeping track of stocks you want to purchase, which is very good for the beginners as they gain more knowledge and experience in stocks performance. What do you think? Do share your valuable review on the stock investing app and its features.

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Discussion (2)

    Since its entrance into the stock trading universe, the platform has received several updates. It’s become quite seamless in executing transactions and availing necessary services for the same.

    I use Groww app to invest in various stock and mutual funds and it was a very nice experience so far. The account opening process was so quick and there a lots of options for stock market investing. At the beginning, it took some time to understand all the features of this app as I was using Paytm Money before using this one.

Related FAQs

Is Groww App Safe for Mutual fund and Stock Investing?

Yes, Groww app is completely safe for mutual fund, stock investing and trading. As a popular mutual fund investment plaftorm, Groww established itself quite well in the past few years. Now, it has also enetered the stock broking space so it's really good to see new entrants amid existing top discount brokers in India.

Is Paytm Money Safe and reliable Broker for Stock Trading & Investing?

Yes, it is completely safe to invest your money in the stock market using Paytm money App. In fact, PayTm has come up with stock broking services recently and trying to establish itself in the said field. And, to give tough fight to top existing players it has to keep its services up to the mark. Paytm Money made a big name in mutual fund investment industry and now it's time to see its performance in the stock brokers' world.

Is Stoxkart safe and reliable for Stock Trading & Investing?

Stoxkart is a safe and reliable brokerage house in India. Stoxkart is a SEBI registered broker and depository participant of CDSL to offer Demat account opening services to its clientele base.

Is Opening a Demat and Trading Account Safe with Groww?

Yes, opening a Demat and trading account safe is completely safe with Groww. In fact, being an emerging entrant in the stock brokers arena, it's trying to expand its user base quite agressively. And, seeing such new players in the already competitive stock broker hub is really interesting and somewhat beneficial for the traders.

Is Upstox safe, good & reliable broker for stock trading & investment?

Yes, Upstox is safe, good and a very reliable stock broker for trading and long term investing. Being registered with SEBI, NSE, BSE, MCX and CDSL the stock broker has built a good reputation and a decent customer base over the years.

Is Groww really free?

Groww is free to some extent as it does not charges any Account Opening charges or any AMC ( Annual maintenance Charges) like all other Discount &Full Service brokers out there. But it charges brokerage at the rate of Rs20 or 0.05%, whichever is less of the total value of one executed order. It also charges the Regulatory charges like the STT, Stamp Duty, DP charges, etc.

Is Wisdom Capital Good, Safe & Reliable Broker for Stock Trading and Investing?

Yes, Wisdom Capital is good, safe, and reliable for all stock trading and investing options. However, weighing in on the lack of trading options and the unjustified charges imposed, it is a cause of worry. But other than this, the broker is reliable enough to execute a trade from the platform.

Is it a good time to invest in stocks? Bullish Stock Market

There are several questions that one can ask your advisor. These questions include whether its good time to enter or exit the market? Should in exit from debt and move to FD? do I continue my SIP portfolio? and other such questions.

Is Sharekhan good and safe for Stock trading and Investing?

Sharekhan is a bang average stock brokerage site that offers good services and features in its trading facilities, customer service, and reasonable charges for opening a demat and trading account.

Is Stock Trainer Virtual Trading App safe?

Yes, the stock train virtual trading app is completly safe. It has several thousands of positive reviews for its security and is one of the most downloaded trading applications.