Is Groww a discount broker?

Yes, Groww is an online discount broker offering flat fee discount brokerage services to invest/trade in Equity, F&Os, IPO, Fixed Deposits, Direct Mutual Funds, and US Stocks.

Unlike full-service brokers, Groww does not provide market research and trading tips. They also do not have branch offices and relationship managers. Call & trade is available at additional Rs 50 per executed order.

Established in 2016, Groww is the brand name for Nextbillion Technology Private Limited, a SEBI registered stockbroker and a member of NSE and BSE. Groww charges a max brokerage of Rs 20 per order, irrespective of the segment or amount. The company has its own web and mobile trading platform called Groww.