{"id":13817,"date":"2023-04-23T22:19:31","date_gmt":"2023-04-23T16:49:31","guid":{"rendered":"https:\/\/localhost:4433\/wordpress\/?p=13817"},"modified":"2024-01-03T17:58:13","modified_gmt":"2024-01-03T12:28:13","slug":"groww-review-demat-account-brokerage-pros-cons","status":"publish","type":"post","link":"https:\/\/localhost:4433\/wordpress\/groww-review-demat-account-brokerage-pros-cons\/","title":{"rendered":"Groww App Review 2024 Demat, Brokerage, Pros &#038; Cons, Trading Platforms"},"content":{"rendered":"\n<p><strong>Looking<\/strong> for a trustworthy and user-friendly<strong> Demat account and stock trading platform in India? <\/strong>\ud83e\udd14 In this review, <strong>we evaluate Groww <\/strong>based on our personal experience with the platform. \ud83d\udcbb To assist you in making an informed decision, In Groww review <strong>we discuss Demat Account, Brokerage fees, Trading platforms, pros, cons, <\/strong>and more. \ud83d\udcb0<\/p>\n\n\n\n<p>Groww is a <strong>online Discount Stock Broker <\/strong>based on Bangalore India that allows users to buy and sell stocks, mutual funds, and other securities. \ud83d\udcb9 Groww was <strong>founded in 2016 by Lalit Keshre, Harsh Jain, Neeraj Singh, and Ishan Bansal.<\/strong> \ud83d\udc68\u200d\ud83d\udcbc The platform has gained popularity for its easy-to-use interface and low fees &amp; Zero Commission on Mutual Funds. \ud83d\udcb8 <strong>Groww initially focused on offering direct mutual funds,<\/strong> but later <strong>expanded to stocks<\/strong>. \ud83d\udcc8 Groww has <strong>grown rapidly and is now used by millions <\/strong>of investors in India. \ud83d\udcc8\ud83c\uddee\ud83c\uddf3<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_62 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\r\n<div class=\"ez-toc-title-container\">\r\n<p class=\"ez-toc-title \" >Table of Contents<\/p>\r\n<span class=\"ez-toc-title-toggle\"><a href=\"#\" class=\"ez-toc-pull-right ez-toc-btn ez-toc-btn-xs ez-toc-btn-default ez-toc-toggle\" aria-label=\"Toggle Table of Content\"><span class=\"ez-toc-js-icon-con\"><span class=\"\"><span class=\"eztoc-hide\" style=\"display:none;\">Toggle<\/span><span class=\"ez-toc-icon-toggle-span\"><svg style=\"fill: #999;color:#999\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" class=\"list-377408\" width=\"20px\" height=\"20px\" viewBox=\"0 0 24 24\" fill=\"none\"><path d=\"M6 6H4v2h2V6zm14 0H8v2h12V6zM4 11h2v2H4v-2zm16 0H8v2h12v-2zM4 16h2v2H4v-2zm16 0H8v2h12v-2z\" fill=\"currentColor\"><\/path><\/svg><svg style=\"fill: #999;color:#999\" class=\"arrow-unsorted-368013\" xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"10px\" height=\"10px\" viewBox=\"0 0 24 24\" version=\"1.2\" baseProfile=\"tiny\"><path d=\"M18.2 9.3l-6.2-6.3-6.2 6.3c-.2.2-.3.4-.3.7s.1.5.3.7c.2.2.4.3.7.3h11c.3 0 .5-.1.7-.3.2-.2.3-.5.3-.7s-.1-.5-.3-.7zM5.8 14.7l6.2 6.3 6.2-6.3c.2-.2.3-.5.3-.7s-.1-.5-.3-.7c-.2-.2-.4-.3-.7-.3h-11c-.3 0-.5.1-.7.3-.2.2-.3.5-.3.7s.1.5.3.7z\"\/><\/svg><\/span><\/span><\/span><\/a><\/span><\/div>\r\n<nav><ul class='ez-toc-list ez-toc-list-level-1 eztoc-toggle-hide-by-default' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"https:\/\/localhost:4433\/wordpress\/groww-review-demat-account-brokerage-pros-cons\/#Overview_of_Groww\" title=\"Overview of Groww\">Overview of Groww<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"https:\/\/localhost:4433\/wordpress\/groww-review-demat-account-brokerage-pros-cons\/#Groww_Demat_Account_Opening_and_AMC_Charges_in_2024\" title=\"Groww Demat Account Opening and AMC Charges in 2024\">Groww Demat Account Opening and AMC Charges in 2024<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"https:\/\/localhost:4433\/wordpress\/groww-review-demat-account-brokerage-pros-cons\/#Groww_Brokerage_Charges_Explained\" title=\"Groww Brokerage Charges Explained\">Groww Brokerage Charges Explained<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"https:\/\/localhost:4433\/wordpress\/groww-review-demat-account-brokerage-pros-cons\/#Groww_Trading_Platforms\" title=\"Groww Trading Platforms \">Groww Trading Platforms <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-5\" href=\"https:\/\/localhost:4433\/wordpress\/groww-review-demat-account-brokerage-pros-cons\/#Groww_Pros_Cons_Advantages_Disadvantages\" title=\"Groww Pros &amp; Cons (Advantages &amp; Disadvantages)\">Groww Pros &amp; Cons (Advantages &amp; Disadvantages)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-6\" href=\"https:\/\/localhost:4433\/wordpress\/groww-review-demat-account-brokerage-pros-cons\/#How_to_Open_Groww_Account_Online\" title=\"How to Open Groww Account Online ?\">How to Open Groww Account Online ?<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-7\" href=\"https:\/\/localhost:4433\/wordpress\/groww-review-demat-account-brokerage-pros-cons\/#Growws_Licenses_Registrations\" title=\"Groww&#8217;s Licenses &amp; Registrations \">Groww&#8217;s Licenses &amp; Registrations <\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-8\" href=\"https:\/\/localhost:4433\/wordpress\/groww-review-demat-account-brokerage-pros-cons\/#Groww_Review_Final_Thoughts\" title=\"Groww Review Final Thoughts\">Groww Review Final Thoughts<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-9\" href=\"https:\/\/localhost:4433\/wordpress\/groww-review-demat-account-brokerage-pros-cons\/#Frequently_Asked_Questions_FAQs\" title=\"Frequently Asked Questions (FAQs)\">Frequently Asked Questions (FAQs)<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-10\" href=\"https:\/\/localhost:4433\/wordpress\/groww-review-demat-account-brokerage-pros-cons\/#Also_Read_our_in_depth_Reviews_on_other_Stock_Brokers\" title=\"Also Read our in depth Reviews on other Stock Brokers\">Also Read our in depth Reviews on other Stock Brokers<\/a><\/li><\/ul><\/nav><\/div>\r\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Overview_of_Groww\"><\/span>Overview of Groww<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Company Name<\/strong>  \ud83d\udcbb<\/td><td>Groww \ud83d\udcb0<\/td><\/tr><tr><td><strong>Year of Incorporation<\/strong> \ud83d\udcc5<\/td><td>2016 \ud83d\uddd3<\/td><\/tr><tr><td><strong>Broker Type<\/strong> \ud83d\udcb3<\/td><td>Online Discount Stock Broker \ud83d\udcb5<\/td><\/tr><tr><td><strong>Headquarters<\/strong> \ud83c\udfe0<\/td><td>Bangalore, India \ud83c\udf10<\/td><\/tr><tr><td><strong>Products\/Services<\/strong> \ud83d\udcb0<\/td><td>Stocks, Mutual Funds, and other Investment products such as equity, derivatives, commodities, currency, and bonds. \ud83d\udcb8<\/td><\/tr><tr><td><strong>Founders<\/strong> \ud83e\uddd1\u200d\ud83c\udf93<\/td><td>Lalit Keshre, Harsh Jain, Neeraj Singh, and Ishan Bansal \ud83d\udc68\u200d\ud83d\udcbb<\/td><\/tr><tr><td><strong>Features<\/strong> \ud83d\udcdd<\/td><td>Easy-to-use Interface, Low Fees, and Zero Commission on Mutual Funds \ud83d\udcb3<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Groww_Demat_Account_Opening_and_AMC_Charges_in_2024\"><\/span>Groww Demat Account Opening and AMC Charges in 2024<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Groww provides a <strong>Free Demat Account<\/strong> opening process that is<strong> completely online<\/strong> and takes less than <strong>15 \u23f1\ufe0f minutes to complete<\/strong>. There are <strong>no account opening fees<\/strong>, and it has <strong>no Annual Maintenance Charges<\/strong> (AMC) for life. \ud83d\udcb0.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th><strong>Type<\/strong><\/th><th><strong>Account Opening \ud83d\udcdd (One Time)<\/strong><\/th><th><strong>AMC Charges \ud83d\udcb0 (Yearly)<\/strong><\/th><\/tr><\/thead><tbody><tr><td>Trading Account \ud83d\udcc8<\/td><td>Zero  \ud83d\udcb8<\/td><td>Zero 0\ufe0f\u20e3<\/td><\/tr><tr><td>Demat Account \ud83d\udcca<\/td><td>Zero \ud83d\udcb8<\/td><td>\u20b90 ( AMC For Life) \ud83c\udd93<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Groww_Brokerage_Charges_Explained\"><\/span>Groww Brokerage Charges Explained<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Groww &#8211; Equity Delivery &amp; Intraday Charges<\/strong><\/h3>\n\n\n\n<p>For equity delivery &amp; intraday Groww&#8217;s brokerage is charged at Rs 20 per executed order or 0.05% of the order value (whichever is lower).<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th><strong>Charges<\/strong><\/th><th><strong>Equity Delivery<\/strong><\/th><th><strong>Equity Intraday<\/strong><\/th><\/tr><\/thead><tbody><tr><td><strong>Brokerage <\/strong>\ud83d\udcb0<\/td><td>\u20b9 20 \/ Executed Order Or 0.05% (Whichever Is Lower)\ud83d\udcb8<\/td><td>\u20b9 20 \/ Executed Order Or 0.05% (Whichever Is Lower)\ud83d\udcb8<\/td><\/tr><tr><td><strong>STT<\/strong>\ud83d\udcca<\/td><td>0.1% ON BOTH Buy &amp; Sell\ud83d\udcc8<\/td><td>0.025% On the Sell-side\ud83d\udcc9<\/td><\/tr><tr><td><strong>Transaction \/ Turnover charges<\/strong>\ud83d\udcb9<\/td><td>NSE : 0.00325% | BSE 0.00375%\ud83d\udcb1<\/td><td>NSE : 0.00325% | BSE 0.00375%\ud83d\udcb1<\/td><\/tr><tr><td><strong>SEBI Charges<\/strong>\ud83c\udfdb\ufe0f<\/td><td>10 Rs\/Crore\ud83d\udcbc<\/td><td>10 Rs\/Crore\ud83d\udcbc<\/td><\/tr><tr><td><strong>GST<\/strong>\ud83e\uddfe<\/td><td>18% on (Brokerage + Transaction Charges + DP + SEBI Charges)\ud83d\udcb3<\/td><td>18% on (Brokerage + Transaction Charges + SEBI Charges)\ud83d\udcb3<\/td><\/tr><tr><td><strong>Stamp Duty<\/strong>\ud83d\udcdc<\/td><td>0.015% Of Turnover Value (Buyer)\ud83e\udd1d<\/td><td>0.003% Of Turnover Value (Buyer)\ud83e\udd1d<\/td><\/tr><tr><td><strong>DP Charges<\/strong>\ud83d\udcca<\/td><td>\u20b9 13.5 \/ Scrip Only On Sell\ud83d\udcb0<\/td><td>No Charges\ud83d\udc4c<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Groww &#8211; Futures &amp; Options Charges<\/strong><\/h3>\n\n\n\n<p>For Futures &amp; Options the brokerage Fee charged Flat at Rs.20\/ Executed order.<\/p>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th scope=\"col\"><strong>Charges<\/strong><\/th><th scope=\"col\"><strong>Equity Future<\/strong>  \ud83d\udcb0<\/th><th scope=\"col\"><strong>Equity Options<\/strong> \ud83d\udcb0<\/th><\/tr><\/thead><tbody><tr><td><strong>Brokerage<\/strong> \ud83d\udcb5<\/td><td>\u20b9 20 \/ Executed Order \ud83d\udcb5<\/td><td>Flat \u20b9 20 \/ Order \ud83d\udcb5<\/td><\/tr><tr><td><strong>STT<\/strong> \ud83d\udcb0<\/td><td>0.0125% on the Sell-side \ud83d\udcb0<\/td><td>0.0625% on the Sell-side (ON PREMIUM) \ud83d\udcb0<\/td><\/tr><tr><td><strong>Transaction \/ Turnover charges<\/strong> \ud83d\udcb0<\/td><td>NSE : 0.0019% On Total Turnover Value \ud83d\udcb0<\/td><td>NSE : 0.05% on Premium \ud83d\udcb0<\/td><\/tr><tr><td><strong>SEBI Charges<\/strong> \ud83d\udcb5<\/td><td>Rs 10 \/Crore \ud83d\udcb5<\/td><td>Rs 10\/Crore \ud83d\udcb5<\/td><\/tr><tr><td><strong>GST<\/strong> \ud83d\udcb0<\/td><td>18% on (Brokerage + Transaction Charges + SEBI Charges) \ud83d\udcb0<\/td><td>18% on (Brokerage + Transaction Charges + SEBI Charges) \ud83d\udcb0<\/td><\/tr><tr><td><strong>Stamp Duty<\/strong> \ud83d\udcb0<\/td><td>0.002% Of Turnover Value \ud83d\udcb0<\/td><td>0.003% On Premium \ud83d\udcb0<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Groww_Trading_Platforms\"><\/span>Groww Trading Platforms <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>Groww offers user-friendly and<strong> secure trading platform<\/strong> \ud83d\udcc8 that make trading &amp; Investing Convenient for its Customers. With Groww&#8217;s trading tools, you can invest in various instruments such as <strong>Stocks \ud83d\udcc8, Mutual Funds \ud83d\udcb0, Gold \ud83c\udfc6, US stocks \ud83c\uddfa\ud83c\uddf8, ETFs \ud83d\udcca &amp; FDs <\/strong>\ud83d\udcb5 through a single platform.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Groww Website<\/strong><\/h3>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><img fetchpriority=\"high\" decoding=\"async\" width=\"700\" height=\"280\" src=\"https:\/\/localhost:4433\/wordpress\/wp-content\/uploads\/2023\/04\/Groww-WEB.webp\" alt=\"Grow Website Trading Platform\" class=\"wp-image-13832\" style=\"width:635px;height:254px\" title=\"\" srcset=\"https:\/\/localhost:4433\/wordpress\/wp-content\/uploads\/2023\/04\/Groww-WEB.webp 700w, https:\/\/localhost:4433\/wordpress\/wp-content\/uploads\/2023\/04\/Groww-WEB-300x120.webp 300w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/><\/figure><\/div>\n\n\n<p>Their website, <strong>Groww.in <\/strong>\ud83c\udf10, provides an easy-to-understand interface that is loaded with explanations. It offers financial reports of<strong> listed Indian corporations <\/strong>\ud83c\udfe2 and blogs with instructional and educational content \ud83d\udcda. You can research and contrast stocks and mutual funds to make a better investment choice \ud83d\udca1. You can even apply for an<strong> IPO online \ud83d\udcdd<\/strong>.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Groww Mobile App<\/strong><\/h3>\n\n\n<div class=\"wp-block-image\">\n<figure class=\"aligncenter size-full is-resized\"><img decoding=\"async\" width=\"700\" height=\"280\" src=\"https:\/\/localhost:4433\/wordpress\/wp-content\/uploads\/2023\/04\/Groww-WEB-1.webp\" alt=\"Groww Mobile App\" class=\"wp-image-13831\" style=\"width:580px;height:232px\" title=\"\" srcset=\"https:\/\/localhost:4433\/wordpress\/wp-content\/uploads\/2023\/04\/Groww-WEB-1.webp 700w, https:\/\/localhost:4433\/wordpress\/wp-content\/uploads\/2023\/04\/Groww-WEB-1-300x120.webp 300w\" sizes=\"(max-width: 700px) 100vw, 700px\" \/><\/figure><\/div>\n\n\n<p>The Groww App \ud83d\udcf1 is a<strong> mobile application<\/strong> that is similar to their web platform. It enables you to <strong>invest in Stocks \ud83d\udcc8, MFs \ud83d\udcb0, Gold \ud83c\udfc6, US stocks \ud83c\uddfa\ud83c\uddf8, ETFs \ud83d\udcca &amp; FDs<\/strong> \ud83d\udcb5 with just a few clicks. The application is easy to understand, <strong>available for both iOS \ud83c\udf4e and Android \ud83e\udd16 mobile <\/strong>platforms, and has an easy-to-use user interface.<\/p>\n\n\n\n<p>One of the best features of the Groww app (available for Android \ud83e\udd16 and iOS \ud83c\udf4e devices.) is that <strong>it provides access to over 5000 direct mutual funds \ud83d\udcb0. <\/strong>You can even switch directly to mutual funds \ud83d\udca1. The app uses a candlestick chart \ud83d\udcca to follow the stock movement, making it easy for you to <strong>monitor your investments <\/strong>\ud83e\uddd0.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Groww_Pros_Cons_Advantages_Disadvantages\"><\/span>Groww Pros &amp; Cons (Advantages &amp; Disadvantages)<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<div style=\"border-color:#28b914;background-color:#f9f9f9;border-style:None;border-width:2px\" class=\"wp-block-mightythemes-block-prosandcons wp-pros-cons wppc-view1\"><div class=\"wppc-boxs\"><div class=\"wppc-box pros-content\"><div class=\"wppc-header\"><div class=\"wppc-box-symbol\"><img decoding=\"async\" style=\"width:30px\" src=\"https:\/\/localhost:4433\/wordpress\/wp-content\/plugins\/mighty-pros-cons\/assets\/icons\/thumbs-up-regular.svg\" alt=\"\" title=\"\"><\/div><h4 class=\"wppc-content-title pros-title\">Pros<\/h4><\/div><ul class=\"wp-pros-cons-list wp-pros-list\"><li>Zero Commission on Mutual Funds Investments<\/li><li>No Account Opening &amp; AMC charges for Life<\/li><li>Low brokerage charges &#8211; attractive for traders who trade frequently<\/li><li>You Can Also Invest in US Stocks With Groww At Zero Charges<\/li><li>Simple and user-friendly interface<\/li><\/ul><\/div><div class=\"wppc-box cons-content\"><div class=\"wppc-header\"><div class=\"wppc-box-symbol\"><img decoding=\"async\" style=\"width:30px\" src=\"https:\/\/localhost:4433\/wordpress\/wp-content\/plugins\/mighty-pros-cons\/assets\/icons\/thumbs-down-regular.svg\" alt=\"\" title=\"\"><\/div><h4 class=\"wppc-content-title cons-title\">Cons<\/h4><\/div><ul class=\"wp-pros-cons-list wp-cons-list\"><li>No Research And Advisory Services Are Available<\/li><li>Commodity and Currency trading not Available in Groww<\/li><li>3 in 1 Account Not Available<\/li><li>Advanced Orders Placements is not Available in Web &amp; App. <\/li><\/ul><\/div><\/div><\/div>\n\n\n\n<h3 class=\"wp-block-heading\"><strong>Customer Reviews and Ratings of Groww<\/strong><\/h3>\n\n\n\n<figure class=\"wp-block-table aligncenter\"><table><tbody><tr><td>Account Opening Process<\/td><td>9.2 \/ 10<\/td><\/tr><tr><td>Customer Support<\/td><td>8.5 \/ 10<\/td><\/tr><tr><td>Investment Options<\/td><td>9.3 \/ 10<\/td><\/tr><tr><td>Trading Platforms<\/td><td>8.8 \/ 10<\/td><\/tr><tr><td>Mobile App User Experience<\/td><td>8.8 \/ 10<\/td><\/tr><tr><td>Education and Resources<\/td><td>6.9 \/ 10<\/td><\/tr><tr><td><strong>Overall Rating<\/strong><\/td><td><strong>8.54 \/ 10<\/strong><\/td><\/tr><tr><td><strong>Star Rating<\/strong><\/td><td><strong>\u2605\u2605\u2605\u2605\u2605<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"How_to_Open_Groww_Account_Online\"><\/span>How to Open Groww Account Online ?<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>You can follow these steps to open a <strong>Groww Demat &amp; Trading Account<\/strong> online, <\/p>\n\n\n\n<ol>\n<li>\ud83d\udcf2 Download the <a href=\"https:\/\/app.groww.in\/v3cO\/8rfqzxac\" target=\"_blank\" rel=\"noreferrer noopener nofollow\"><strong>Groww App<\/strong><\/a> and log in. <\/li>\n\n\n\n<li>Navigate to the &#8216;<strong>Stocks&#8217; tab<\/strong> and click on &#8216;<strong>complete setup&#8217;.<\/strong><\/li>\n\n\n\n<li>\ud83d\udcb0 Click on &#8216;<strong>Open Stocks Account<\/strong>&#8216; Account Opening Charges in Groww is Zero.<\/li>\n\n\n\n<li>\ud83d\udcdd Complete the <strong>KYC process<\/strong> by providing details about your <strong>PAN<\/strong>, <strong>occupation, income, and parents&#8217; names. <\/strong><\/li>\n\n\n\n<li>\ud83d\udcca Select your <strong>Trading Experience<\/strong> from  list and click &#8216;Next&#8217;.<\/li>\n\n\n\n<li>\ud83d\udd8b\ufe0f <strong>Upload your signature<\/strong> on a plain white sheet of paper. Ensure that i<strong>t is clearly visible<\/strong> and click on <strong>&#8216;Looks Good<\/strong>&#8216; to proceed.<\/li>\n\n\n\n<li>\ud83d\udd10 Use the <strong>Aadhaar based e-sign<\/strong> <strong>process<\/strong> by submitting your Aadhaar number and receiving an OTP on your registered mobile number. Click on &#8216;<strong>E-SIGN&#8217; <\/strong>to proceed.<\/li>\n\n\n\n<li>\ud83d\udcf2 If mobile number is linked to your <strong>Aadhaar, enter the OTP\/security code sent <\/strong>to your mobile and click <strong>&#8216;Submit&#8217;.<\/strong><\/li>\n\n\n\n<li>\ud83d\udcdc Carefully read the <strong>Demat account <\/strong>opening form and click <strong>&#8216;Sign Now&#8217;.<\/strong><\/li>\n\n\n\n<li>\ud83d\udd11 Enter your <strong>Aadhaar number<\/strong> or <strong>Aadhaar virtual ID,<\/strong> and complete the e-sign process at NSDL Signing Platform  by entering the OTP sent to your registered mobile number.<\/li>\n\n\n\n<li>\u2705 You will see a success screen that says &#8216;Signed successfully&#8217;, which means account opening process is completed successfully <\/li>\n<\/ol>\n\n\n\n<p>\u23f3Please wait for the <strong>verification process to be completed within 24 hours<\/strong>. Once your KYC is verified by the Groww backend team, <strong>you will receive an email and text message confirming<\/strong> that your Demat account with Groww has been successfully opened. You will Also Get Your <strong>16 Digits Demat account Number<\/strong><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Growws_Licenses_Registrations\"><\/span>Groww&#8217;s Licenses &amp; Registrations <span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th>Member<\/th><th>Registration\/License<\/th><\/tr><\/thead><tbody><tr><td><strong>BSE<\/strong><\/td><td>CM, F&amp;O, MF Distributor<\/td><\/tr><tr><td><strong>NSE<\/strong><\/td><td>CM, F&amp;O<\/td><\/tr><tr><td><strong>SEBI Registration No.<\/strong><\/td><td>INZ000208032<\/td><\/tr><tr><td><strong>BSE Distributor Code Number<\/strong><\/td><td>11724<\/td><\/tr><tr><td><strong>AMFI Registration No.<\/strong><\/td><td>111686<\/td><\/tr><tr><td><strong>CDSL  Registration No.<\/strong><\/td><td>IN-DP-417-2019<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Groww_Review_Final_Thoughts\"><\/span>Groww Review Final Thoughts<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p>\ud83c\udf31 <strong>Groww<\/strong> is an investment platform that offers a variety of investment options: <strong>stocks \ud83d\udcc8, mutual funds \ud83d\udcca, gold \ud83e\ude99, US stocks \ud83c\uddfa\ud83c\uddf8, ETFs \ud83d\udcc9, and FDs \ud83d\udcb0.<\/strong><\/p>\n\n\n\n<p>The<strong> Groww App &amp; Web Platform<\/strong> provides well-drafted educational content \ud83d\udcda to help investors learn about stocks and mutual funds.<\/p>\n\n\n\n<p><strong>Groww charges zero brokerage <\/strong>on Mutual Funds and offers minimal brokerage charges on trading through the platform \ud83d\udcb8.<\/p>\n\n\n\n<p>It provides a seamless <strong>online account opening<\/strong> procedure with no physical paperwork involved \ud83d\udcf2.<\/p>\n\n\n\n<p><strong>Groww provides financial reports<\/strong> of listed Indian corporations \ud83c\udfe6, blogs with instructional and educational content \ud83d\udcf0, and the opportunity to<strong> research and contrast stocks <\/strong>and mutual funds to make a better investment choice \ud83e\udd14.<\/p>\n\n\n\n<p>\ud83c\udf1f <strong>Groww is recommended for investors <\/strong>who are looking for a user-friendly investment platform that offers a variety of investment options, educational content, and zero brokerage on equity delivery \ud83d\ude4c.<\/p>\n\n\n\n<p>It is also recommended for <strong>traders who are looking for minimal brokerage<\/strong> charges on trading through the platform and on-the-go trading facilities \ud83d\udcc8\ud83d\udcf1.<\/p>\n\n\n\n<div class=\"wp-block-buttons is-content-justification-center is-layout-flex wp-container-core-buttons-layout-1 wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link wp-element-button\" href=\"https:\/\/app.groww.in\/v3cO\/8rfqzxac\" style=\"border-radius:20px\" target=\"_blank\" rel=\"noreferrer noopener nofollow\">\ud83d\udc49 Open Groww Account \ud83d\ude80<\/a><\/div>\n<\/div>\n\n\n\n<p><\/p>\n\n\n\n<figure class=\"wp-block-embed is-type-video is-provider-youtube wp-block-embed-youtube wp-embed-aspect-16-9 wp-has-aspect-ratio\"><div class=\"wp-block-embed__wrapper\">\n<iframe title=\"What is Demat Account | How to choose a broker | Stock Market for beginners\" width=\"1200\" height=\"675\" src=\"https:\/\/www.youtube.com\/embed\/iasvhMVhoSM?feature=oembed\" frameborder=\"0\" allow=\"accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture; web-share\" allowfullscreen><\/iframe>\n<\/div><\/figure>\n\n\n\n<p><\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Frequently_Asked_Questions_FAQs\"><\/span><strong>Frequently Asked Questions (FAQs)<\/strong><span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n<div id=\"rank-math-faq\" class=\"rank-math-block\">\n<div class=\"rank-math-list \">\n<div id=\"faq-question-1682267835671\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">What is Groww?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Groww is a leading online investment App that offers a range of investment options, including stocks, mutual funds, ETFs, gold, and US stocks.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1682267852332\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">is Groww a trusted Platform?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Yes, Groww can be trusted as it is a SEBI registered broker, a member of NSE and BSE, and has all the required certifications to do its business.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1682267896695\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">Does Groww charge any fees or commissions?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Groww charges minimal brokerage fees on trading, and offers free equity delivery. There are additional charges for GST and Auto Square Off.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1682267928783\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">Can I invest in international stocks through Groww?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Yes, With Groww you can invest in US stocks and ETFs.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1682267972514\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">What types of mutual funds are available on Groww ?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Groww offers both Direct and Regular plans in mutual funds, depending on the scheme.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1682267991307\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">Can I apply for IPOs through Groww?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Yes, Groww provides the option to apply for IPOs online by UPI Mode<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1682268018223\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">Is there a minimum investment amount required on Groww?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>No, there is no minimum investment amount required on Groww.<\/p>\n\n<\/div>\n<\/div>\n<div id=\"faq-question-1682268064268\" class=\"rank-math-list-item\">\n<h3 class=\"rank-math-question \">What is the account opening procedure for Groww?<\/h3>\n<div class=\"rank-math-answer \">\n\n<p>Groww offers  online account opening procedure with no physical paperwork required. You Can Open your account with Aadhaar, PAN &amp; Signing.<\/p>\n\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"Also_Read_our_in_depth_Reviews_on_other_Stock_Brokers\"><\/span>Also Read our in depth Reviews on other Stock Brokers<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th>Stock Broker<\/th><th>Review<\/th><\/tr><\/thead><tbody><tr><td><strong>Upstox<\/strong><\/td><td><a href=\"https:\/\/dematopen.com\/upstox-review-2023-demat-account-brokerage-charges\/\" target=\"_blank\" rel=\"noreferrer noopener\">Read&nbsp;<\/a><a href=\"https:\/\/dematopen.com\/upstox-review-2024-demat-account-brokerage-charges\/\" target=\"_blank\" rel=\"noreferrer noopener\">Review<\/a><\/td><\/tr><tr><td><strong>Groww<\/strong><\/td><td><a href=\"https:\/\/dematopen.com\/groww-review-demat-account-brokerage-pros-cons\/\" target=\"_blank\" rel=\"noopener\">Read Review<\/a><\/td><\/tr><tr><td><strong>Angel One<\/strong><\/td><td><a href=\"https:\/\/dematopen.com\/angel-one-review-2023-brokerage-charges\/\" target=\"_blank\" rel=\"noopener\">Read Review<\/a><\/td><\/tr><tr><td><strong>Fyers<\/strong><\/td><td><a href=\"https:\/\/dematopen.com\/fyers-review-analysis-of-demat-account-brokerage\/\" target=\"_blank\" rel=\"noreferrer noopener\">Read Review<\/a><\/td><\/tr><tr><td><strong>Upstox<\/strong><\/td><td><a href=\"https:\/\/dematopen.com\/upstox-review-2024-demat-account-brokerage-charges\/\" target=\"_blank\" rel=\"noreferrer noopener\">Read Review<\/a><\/td><\/tr><tr><td><strong>Paytm Money<\/strong><\/td><td><a href=\"https:\/\/dematopen.com\/paytm-money-review-demat-brokerage-trading-pros-cons\/\" target=\"_blank\" rel=\"noreferrer noopener\">Read Review<\/a><\/td><\/tr><tr><td><strong>Zerodha<\/strong><\/td><td><a href=\"https:\/\/dematopen.com\/zerodha-review-2024-demat-account-brokerage-charges\/\" target=\"_blank\" rel=\"noreferrer noopener\">Read Review<\/a><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p class=\"has-small-font-size\"><em><strong>Disclaimer: <\/strong>The information in this article is only meant to be educational and informative. It should not be taken as financial advice. Investing in the stock market comes with risks. Before making any investment decisions, readers should carefully think about their own investment goals and how much risk they are willing to take. Before making any investment decisions, the reader should talk to a qualified financial advisor.<\/em><\/p>\n\n\n\n<style> \n\nh3{background-color:#e1edff;padding:10px 20px;border-radius:10px;display:inline-block}\nh2{background-color:#f9c74f;padding:10px 20px;border-radius:10px;display:inline-block}\nh5{background-color:#e1edff;padding:10px 20px;border-radius:10px;display:inline-block}\n\nol li:not(:last-child) {\n  margin-bottom: 15px; \n}\n\n<\/style>\n\n\n<div class=\"kk-star-ratings kksr-auto kksr-align-left kksr-valign-bottom\"\n    data-payload='{&quot;align&quot;:&quot;left&quot;,&quot;id&quot;:&quot;13817&quot;,&quot;slug&quot;:&quot;default&quot;,&quot;valign&quot;:&quot;bottom&quot;,&quot;ignore&quot;:&quot;&quot;,&quot;reference&quot;:&quot;auto&quot;,&quot;class&quot;:&quot;&quot;,&quot;count&quot;:&quot;54&quot;,&quot;legendonly&quot;:&quot;&quot;,&quot;readonly&quot;:&quot;&quot;,&quot;score&quot;:&quot;4.6&quot;,&quot;starsonly&quot;:&quot;&quot;,&quot;best&quot;:&quot;5&quot;,&quot;gap&quot;:&quot;4&quot;,&quot;greet&quot;:&quot;Rate this post&quot;,&quot;legend&quot;:&quot;4.6\\\/5 - (54 votes)&quot;,&quot;size&quot;:&quot;22&quot;,&quot;title&quot;:&quot;Groww App Review 2024 Demat, Brokerage, Pros &amp; Cons, Trading Platforms&quot;,&quot;width&quot;:&quot;117.6&quot;,&quot;_legend&quot;:&quot;{score}\\\/{best} - ({count} {votes})&quot;,&quot;font_factor&quot;:&quot;1.25&quot;}'>\n            \n<div class=\"kksr-stars\">\n    \n<div class=\"kksr-stars-inactive\">\n            <div class=\"kksr-star\" data-star=\"1\" style=\"padding-right: 4px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 22px; height: 22px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"2\" style=\"padding-right: 4px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 22px; height: 22px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"3\" style=\"padding-right: 4px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 22px; height: 22px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"4\" style=\"padding-right: 4px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 22px; height: 22px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" data-star=\"5\" style=\"padding-right: 4px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 22px; height: 22px;\"><\/div>\n        <\/div>\n    <\/div>\n    \n<div class=\"kksr-stars-active\" style=\"width: 117.6px;\">\n            <div class=\"kksr-star\" style=\"padding-right: 4px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 22px; height: 22px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" style=\"padding-right: 4px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 22px; height: 22px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" style=\"padding-right: 4px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 22px; height: 22px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" style=\"padding-right: 4px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 22px; height: 22px;\"><\/div>\n        <\/div>\n            <div class=\"kksr-star\" style=\"padding-right: 4px\">\n            \n\n<div class=\"kksr-icon\" style=\"width: 22px; height: 22px;\"><\/div>\n        <\/div>\n    <\/div>\n<\/div>\n                \n\n<div class=\"kksr-legend\" style=\"font-size: 17.6px;\">\n            4.6\/5 - (54 votes)    <\/div>\n    <\/div>\n","protected":false},"excerpt":{"rendered":"<p>Looking for a trustworthy and user-friendly Demat account and stock trading platform in India? \ud83e\udd14 In this review, we evaluate &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"Groww App Review 2024 Demat, Brokerage, Pros &#038; Cons, Trading Platforms\" class=\"read-more button\" href=\"https:\/\/localhost:4433\/wordpress\/groww-review-demat-account-brokerage-pros-cons\/#more-13817\" aria-label=\"More on Groww App Review 2024 Demat, Brokerage, Pros &#038; Cons, Trading Platforms\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":13829,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[392,404,391],"tags":[420,421,109],"table_tags":[],"_links":{"self":[{"href":"https:\/\/localhost:4433\/wordpress\/wp-json\/wp\/v2\/posts\/13817"}],"collection":[{"href":"https:\/\/localhost:4433\/wordpress\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/localhost:4433\/wordpress\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/localhost:4433\/wordpress\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/localhost:4433\/wordpress\/wp-json\/wp\/v2\/comments?post=13817"}],"version-history":[{"count":2,"href":"https:\/\/localhost:4433\/wordpress\/wp-json\/wp\/v2\/posts\/13817\/revisions"}],"predecessor-version":[{"id":14670,"href":"https:\/\/localhost:4433\/wordpress\/wp-json\/wp\/v2\/posts\/13817\/revisions\/14670"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/localhost:4433\/wordpress\/wp-json\/wp\/v2\/media\/13829"}],"wp:attachment":[{"href":"https:\/\/localhost:4433\/wordpress\/wp-json\/wp\/v2\/media?parent=13817"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/localhost:4433\/wordpress\/wp-json\/wp\/v2\/categories?post=13817"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/localhost:4433\/wordpress\/wp-json\/wp\/v2\/tags?post=13817"},{"taxonomy":"table_tags","embeddable":true,"href":"https:\/\/localhost:4433\/wordpress\/wp-json\/wp\/v2\/table_tags?post=13817"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}