Groww is one of the best mutual fund applications that offers various direct mutual fund investment options. Moreover, it does so without charging anything. It offers a magnitude of offerings and features ranging from the brief description of the mutual funds to the various brokerage and other calculators for investors' references.
The Bangalore-based mutual fund investment platform rose to fame due to its seamless and easy investing in direct mutual funds. The platform offers well over 5000+ different mutual fund investment offerings where investment can be made through SIP or lumpsum. In addition, there are a wide range of mutual fund types based on the market trend and even the type of mutual fund you wish to be associated with.
The platform takes no charge whatsoever on opening an account, investing in mutual funds, or for anything for that matter. There are no hidden charges as well. Moreover, the platform does offer a well-built and robust mobile and desktop application to manage your mutual fund investments. Investors can view various details about the mutual funds, such as returns, expense ratio, NAC, risk, ratings, and so on. Its helps investors know how much they could expect and how much they could make over a fixed period.
Grow does offer a paperless account opening procedure. Head to the application or site, enter your mobile number, enter the OTP, and then verify through KYC and you're good to go. It hardly takes 5-10 minutes to open an account, and investments are quick based on the mutual funds selected. Also, the platform does offer multiple calculators where you can see how much you could expect your investment to grow over a specific period.
Furthermore, the platform does organize different talk shows and video podcasts every week, ranging from the CEO of companies and other investment experts to discuss briefly over mutual funds and the market, which is another plus point on Groww's end to educate investors of making wise and calculated investments.
Groww is one of the leading applications for mutual fund investments. Many brokers have tried to match the offering of Groww but have failed miserably. However, Groww has recently opened up avenues for investing in the stock market as well. Though it might not be that fluid and comparable to reputable stockbrokers, grow does a fine job in connecting the average investor to a magnitude of direct mutual funds with a lower expense ratio from more than 35+ AMC.