Groww FAQs (2024)

FAQs

What are the disadvantages of using Groww? ›

Groww Cons (Disadvantages)

Limited investment products with no option to trade in commodity, and currency segment. No Call and Trade services. Do not provide stock tips, research reports, or recommendations. Do not offer to invest in SME shares (Companies listed on BSE SME and NSE Emerge platform).

As a depository participant Groww is registered with NSDL and CDSL to provide Demat account service to its clients. Registration with such reputed and trusted institutions assures that the Groww app is safe for investment and trading.

Yes, Groww demat accounts are safe as all demat accounts are opened with Central Depository Services Limited(CDSL). Groww acts as only an intermediary between the customer and the central depository.

There are no account maintenance charges on Groww. Investors will be charged Rs. 20 or 0.05% of the order amount, whichever is lower, for every order.

No Stock Broker is allowed to participate in any trading activity without a valid COR from SEBI. Hence Groww is a SEBI registered Stock Broker registered under the name of “NextBillion Technology Private Limited”.

Groww is an investment platform based in Bangalore, India. It was founded by Lalit Keshre, Harsh Jain, Neeraj Singh, and Ishan Bansal in May 2017. The founders are all former employees of Flipkart who founded Groww after noting the need for a simplistic, intuitive investment platform in India.

Yes, you can buy international (US) stocks on Groww. Log in to your Groww account. Below explore button, click on the US stocks button and start investing as per your choice of stocks. Was the answer helpful?

Is it safe to submit my bank account details? You must provide your salary bank account information, or the account where your income is deposited each month. Yes, Groww has partnered with Finbit which has been approved by RBI to safely collect your bank statements through netbanking.

Yes, Groww is a SEBI registered Stockbroker in the name of NextBillion Technology Private Limited. Groww SEBI Registration no.: INZ000208032.

There is no minimum trading limit. Our broker partner allows you to invest in as little as 0.0001 shares of any stock. Was the answer helpful?

Does Groww charge brokerage fees? ›

Brokerage Calculator. * A DP charge of ₹13.5 + GST will be charged for sell once per trading day per company. ** The above charges are tentative. Please refer contract note for exact charges.

No, there is absolutely no need of maintaining minimum balance as RAA. 6.

The Rs 1 lakh limit is the total amount you can invest at a time. This is only the maximum amount that can be deducted. The actual amount to deduct will be your SIP value. Was the answer helpful?

Groww, one of the largest fintech platforms, has recently raised series E funding of $251 million at a valuation of $3 billion. The investment was led by ICONIQ Growth along with investors including Alkeon, Lone Pine Capital and Steadfast.

To sell these stocks, you will have to wait till they get delivered to your Demat account as per the SEBI regulation which takes 1 trading day, from the date you place a successful buy order.

Can NRI use Groww? Groww does not offer NRI trading and demat accounts. Groww allows only Indian resident individuals to open an account with Groww and invest in Indian Equity, F&O, US Stocks, IPO, Mutual Funds, and Fixed Deposits.

Today, more than 1.5 crore users across 900+ cities across India trust Groww for their investment needs.

Which is the most expensive stock on Groww? ›

You can start investing in US stocks in 3 easy steps: Activate: Groww offers instant and free international trading account activation. It takes less than 5 minutes to submit the application.

Buying stocks directly in a foreign market like India or China is possible, although it might be harder than purchasing domestic shares. Investors can purchase American Depositary Receipts on U.S. exchanges, which are certificates that represent shares in a foreign company. China A-shares are open to foreign investors.

A withdrawal request takes up to 2 working day to reflect in your bank account. If it has been over 48 hours since you made the request, we request you to check with your bank first. To raise a ticket, click on the 'Contact Us' button below.

Fixed Deposit. They are consistently regarded as one of the best investment options and the safest form of investment. In addition, you can assemble high returns from various Fixed Deposit schemes through a fixed deposit. The fund always maintains security and promises returns free of market fluctuations.

The minimum SIP Investment is set to ₹100.

The annual maintenance charges on Groww is Rs 0. Please press the button below to read our pricing and charges section in detail. Was the answer helpful? Do you want a call back?

What is the minimum withdrawal from grow? ›

Hi, We would like to inform you that the minimum amount you can withdraw is 100, so please add 100 rupees and you can withdraw the whole amount within 24hrs.

Groww follows a flat fee model. It charges a lower of Rs 20 or 0.05% of trade value as the brokerage for equity trades (intraday and delivery). The minimum brokerage charged by the broker is 0.05% of trade value and the maximum brokerage charged is Rs 20.

Once this limit is reached, the mandate has to be renewed if the investor wants to continue investing through it. Groww's mandate limit of Rs. 1 Lakh allows users to authorize AutoPay to deduct their monthly SIPs until the limit is reached. Only payments authorized by the user are deducted.

Step 1: Open a DEMAT account and ensure it is linked with a pre-existing bank account to carry out transactions smoothly. Step 2: Sign in to the DEMAT account via the mobile-based application or web platform. Step 3: Pick a Stock that you want to invest in.

Any amount added to Groww is Available to Invest immediately. However, this amount will be Available to Withdraw after 1 working day at 10 AM owing to the reconciliation processes. For e.g. If you deposit money to your Groww account on Friday, you can withdraw the same at 10 AM on Monday. Was the answer helpful?

Begin your Investment Journey

You can own as little as 0.0001 shares of any stock.

How to withdraw over $1,000? ›

One of the easiest ways to turn $100 into $1,000 is by investing your money in a 401(k) or IRA. Investing is a must if you want a stable and wealthy retirement. And the earlier you start, the better. This is why it's important to start investing today, even if you don't have much money to get started.

Specific Mutual Fund schemes require investors to pay an exit load if the units are redeemed before the designated term. Such exit burden is assessed on the NAV of the redemption, and as a result, it directly influences the returns of the entire portfolio.

3000 SIP will become Rs. 1,71, 647 in 5 years. You can start investing in any of the best SIP for 3000 per month or even more. You can consider other SIP schemes but make sure that you go through the reputation of the fund house, NAV, annual returns, and risk factor.

In such transactions, the individual can hold the shares for a longer-term depending on his/her willingness. The duration can range from two days to even two decades or more.

Our account opening process is 100% online and free. Submit basic personal details and add a bank account. All your details are 100% secure with us.

It takes 3 easy steps to start your investing journey: Activate: Groww offers instant and free international trading account activation. It takes less than 5 minutes to submit the application. Fund: Add funds in your Groww USD balance by transferring money from your bank to the account of US based beneficiary.

Any amount added to Groww is Available to Invest immediately. However, this amount will be Available to Withdraw after 1 working day at 10 AM owing to the reconciliation processes. For e.g. If you deposit money to your Groww account on Friday, you can withdraw the same at 10 AM on Monday. Was the answer helpful?

How do I withdraw money from stocks in Groww? ›

You do not have to pay any fee against redemption on Groww.

How is Groww brokerage calculated? Groww follows a flat fee model. It charges a lower of Rs 20 or 0.05% of trade value as the brokerage for equity trades (intraday and delivery). The minimum brokerage charged by the broker is 0.05% of trade value and the maximum brokerage charged is Rs 20.