Is Groww the perfect platform to invest in mutual funds?

Short Answer

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.

Detailed Answer

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 Mutual Fund Investment Platform

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.

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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.

Which is better Zerodha or Groww for Mutual Funds?

Zerodha as well as Groww, both allow investors to invest in Mutual funds. Groww does not charge any Account opening fees or Annual maintenance Charges but Zerodha charges Rs 200 for Account opening and Rs 300 for AMC. This makes Groww a cheaper and better option when it comes to investing in mutual funds.

How to invest in mutual funds with or without demat account?

Investors looking to invest in mutual funds without a Demat account can invest through financial institutions, independent financial advisors, AMC, and online portals.

Can NRIs invest in mutual funds in India?

Yes, any NRI can invest in mutual funds in India, if they follow some certain conditions under Foreign Exchange Management Act or FEMA Act 1999.

Are market highs good to invest in Equity mutual funds?

Understanding the relative position of the market, the absolute values do not matter much. What matters is what is the earnings multiple, currently the market is trading at, popularly captured by a metric called P/E ( Price to earnings).

Should you take a Loan to Invest in Mutual Funds?

Borrowing money for investing in mutual funds never really pays off. Its not the right thing to do given that mutual funds returns would not provide sufficient returns in the time which your loans have to be paid back.

Which is better investing in equity, mutual funds, or keeping money in banks?

Equity and mutual funds are perfect if you want to invest in companies while seeing your money grow in a short period. Moreover, the chances of compounding your investments are higher. But the risk associated is equally greater considering the growth of companies and their performance in offering returns. But then keeping money in the bank is the safest way to keep your earnings. But then, due to inflation and low returns on interest, that value of the money kept might be cut down drastically.

How can NRIs from the United States invest in Mutual Funds in India?

NRIs living in the United States can invest in Indian Mutual Funds, but there are some hassles that have to be overcome. You will require an NRE, NRO, or FCRN account in order to convert the foreign currency into Indian rupees, post which you can complete the KYC and begin investing in Indian Mutual Funds.

Which is better FD vs. Mutual Fund vs. Real Estate Investment?

FD vs Mutual Fund vs Real Estate Investment has its advantages in terms of how much you invest and your investing period. Longer the period, higher the returns.

What are benefits of SIP in mutual funds investment?

SIP stands for Systematic Investment Plan. You can invest a fixed amount of your choice and set a specific date for investing your money monthly, bi-monthly or fortnightly.