Groww: Trading & Demat Account, Reviews, Charges: 2024

Groww is a leading mutual fund investment platform now widening its wings into the stock investing world as well. So, here we'll have an exclusive Groww Review covering its features, types of Demat account, brokerage plans and much more.

Brokerage firms offer various plans and services to make life in trading as seamless as possible. But for those who are willing to avail these have to open a Demat and trading account. For the same, choosing the appropriate stock broker is very essential. Groww is one of the many stock brokerage firms that offer stock trading opportunities. Let’s have a brief overview of the company and the trading and Demat account it provides.

Groww: A Quick Review

Groww initially started as a mutual fund investment platform and was launched in 2016 by Lalit Keshre, Harsh Jain, Neeraj Singh and Ishan Bansal. The company offers trading or investment opportunities in mutual funds and now expanded to the equity segment as well. The company is considered to be a newbie and the inception of millennials where it is driven through the medium of technology to make trades efficient, effective and secure.

Through its Nextbillion technology, the company is slowly expanding its footprint across the country by offering its stock related services powered by the NSE, BSE and SEBI guidelines. As of now, there are well over 80 lakh + users on the platform majorly engaged in investing in mutual funds. Speaking about mutual funds, the company has partnered up with 34 mutual funds houses to expand their reach significantly.

The company offers pocket-friendly application available both on android and iOS. The company allows traders to seamlessly transact their online mutual fund investments without any charges, subscriptions fees and other expenses. All the data and information is securely and safely stored with the company.

Groww Demat and Trading Account

Groww has recently started offering its users with the ability to open Demat accounts. With the demat account, users can electronically transact debentures, shares, stocks and other transaction through a safe and secure manner.

The company assists users in opening the trading and Demat account for free. However, the Demat account would attract charges based on maintenance and other fees. Opening the account is quite simple, with a few simple steps. The various advantages and benefits that Groww offers through its Demat account are as follows:

1.The company offers free Demat account. Trading accounts can be opened for a one-time fee of Rs.200 only.

2.Groww allows users to make trades without any geographical barrier meaning users can trade in any type of stocks and shares without paying any customs duties or a stamp work.

3.Users can free a certain number of securities for a specific number of days.

4.For trading effectively and efficiently, Groww offers research and tactics to help users make sound investment and purchases. Other technical and financial advice is given for free without any charge.

5.Opening a Demat/trading account with Groww helps in safeguarding all your securities from theft, forgery or damage.

6.The account opening process is a hassle-free without any paperwork required whatsoever. Everything is done online, and if you have all the required details, the process of opening an account becomes more accessible and straightforward.

7.The company allows investors to trade without paying anything across different segments while buying stocks or shares of any quantity.

Other than commodities, investors/traders can trade effectively with several trading segments such as currencies, equity, IPO’s, futures, options and more on the BSE and NSE.

Types of Demat accounts offered by Groww

1. Repatriable Demat account

The account is designed explicitly for NRI’s who want to transfer funds abroad to their accounts that are situated with an NRE bank account.

2. Regular Demat account

The account is viable for any citizen of India to open who wishes to trade in the stock market of the country.

3. Non-repatriable Demat account

The company offers such an account for NRI’s. However, transferring or accessing funds isn’t possible. But, to operate this account, an individual has to be linked to the NRO bank account.

To conclude, Groww is presently offering both direct mutual funds and stockbroking also through its robust platform. Investors are keen in opening Demat account with this broker. But, can Groww act as true challenge to existing top brokers like Zerodha and other emerging entrants like Paytm Money? Let's see how the brokerage industry gets shaped in the coming years. Of course, a lot of things happening around. What do you think? Which is the best broker in India? Do share your views.

Groww Account Opening Process

For those that are looking to opening a Demat/trading account with Groww, its generally Rs. 200 only. You may get a promotional offer of Rs.100 for account opening. But there are additional charges such as GST, stamp paper charges, SEBI charges and more that might add on. But, for the annual maintenance charges, its Rs.300 for the Demat account and free for the trading account.

As for the brokerage fee through each of these accounts, its flat 20 rupees per order executed. These orders include equity futures, currency futures, equity options, currency options, equity intraday and more. Currently, the company doesn’t

Groww Account Opening Charges: 2024

Demat Account Opening Charges₹0
Trading Acc Opening Charges₹200
Trading Account AMC₹0
Demat Account AMC₹300 p.a. (wherein ₹25 charged quarterly)

Groww Account Brokerage Charges: 2024

Groww :Standard Plan Brokerage Charges

Plan NameStandard Plan
Equity Delivery₹0
Equity Intraday₹20 or 0.01% of executed order value
Equity Futures
Equity Options
Currency Futures
Currency Options
Commodity Options
Mutual Fund

Groww Trading Platforms/Products Offered

If you are looking for good and easy to use mutual funds and stock investing application then, Groww is the one you should be using. Groww, a fast-growing investment platform, which lets users invest in various stocks and mutual funds online.

Groww: A Quick Review

It is very easy to

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Frequently Asked Questions or FAQs

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.

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.

Groww is a SEBI registered Stock Broker as according to the Section 12(1) of the SEBI act 1992, No stock broker is allowed to transact in any securities before obtaining the Certification of Registration (COR) from SEBI (Securities and Exchange Board of India).

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.