-6.15%1,21,26,921 Clients
Groww is a Bangalore based broker offering online flat fee discount brokerage services to invest in Equity, IPO, and Direct Mutual Funds. Groww is the brand name for Groww Invest Tech Pvt Ltd, which is a SEBI-registered stockbroker and a member of NSE and BSE.
Established in 2016, Groww initially started as a direct mutual fund investment platform. In the mid-2020s, Groww expanded its product offering to include Equity trading. The company also allows investment in stocks, bonds, ETFs, NFOs, and digital gold in the form of gold ETFs and gold funds.
Groww chargesa lower of Rs 20 or 0.05% per executed trade. You pay a max of Rs 20 as the brokerage for an order irrespective of any quantity or amount. Groww offers Free Mutual Fund services with no charges in investing or redemption of mutual funds.
Groww has its own trading platform called Groww (web and mobile trading app) that offers a seamless trading experience to its investors. It is a safe and secure app with 128-bit encryption. Groww is one of India's fastest-growing platforms with a strong active customer base of 14.38 million users, as of the three-month ended June 30, 2025. It is also one of the highest-rated apps (4.5+) in the Google Play Store and App Store.
Groww is an online broker. Unlike full-service brokers, it does not offer any tips, recommendations, and research services. Groww has free eBooks, informative and educative blogs, and resources to help investors/beginners learn the basics of stock market trading and investment that can assist them to make an informed investment decision.
| SEBI Registration | NSE Member code | Net Worth (In ₹ Cr.) |
|---|---|---|
| INZ000301838 | 90187 | 0.00 |
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Groww follows a fixed brokerage model wherein it charges a flat Rs 20 per executed order for Equity Delivery, Intraday and F&O trades. The maximum brokerage chargeable per order is Rs 20 across trading segments.
| Trading Segment | Brokerage Charges |
|---|---|
|
Equity Delivery |
Rs 20 per trade (or 0.05% whichever is lower) |
|
Equity Intraday |
Rs 20 per trade (or 0.05% whichever is lower) |
|
Equity F&O |
Rs 20 per trade |
You are also required to pay other transaction and regulatory charges, Demat charges in addition to the brokerage.
Other charges levied by Groww include:
VisitGroww Brokerage Charges Reviewfor more detail.
Groww offers online account opening to its customers. It is a simple, instant, and paperless process. The account opening at Groww is free with zero maintenance charges. To open the trading and Demat account with Groww, you need to download the Groww mobile app or register yourself on the company website and complete the setup.
Groww is an online broker with no branches. The company does not provide an account opening form on the website and also does not offer an offline account opening.
Groww offers its customers to trade via mobile and web. An investor can transact seamlessly switching between the Groww app and website.
Since Groww initially started as a mutual fund investment platform, the Groww app and web is best known for mutual fund investments. Recently in June 2020, the company launched Equity trading.
Groww website platform is an online web-based trading platform that provides its customers with an enriching online trading experience. This platform allows the clients to explore stocks, mutual funds, digital gold, and place orders online, track transactions, and invest in IPO's. The website has resources, Ebooks, and blogs that provide educative and general information on the stock markets.
“915” is an advanced web-based trading terminal platform developed by Groww, targeted at professional and high-volume traders. It is “built for speed, deep market insights and unparalleled customisation.
Visit Groww Trading Software Review for more detail.
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The following are the advantages of Groww. You must read Groww advantages and disadvantages before opening an account with Groww. Groww pros and cons help you find if it suits your investment needs.
The following are the cons of Groww. Check the list of Groww drawbacks.
Groww margin for intraday trading is up to 20% of trade value (max 5x leverage) based on the stock. Groww F&O intraday trading margin is 1.3x across Equity, Currency, and Commodity trading at BSE, NSE, and MCX. There is no additional margin offered for Groww F&O carry forward positions and equity delivery trades.
| Segment | Margin | Leverage |
|---|---|---|
| Equity Delivery | 100% of trade value for T+5 days | 1x |
| Equity Intraday | Up to 20% of trade value | 5x |
| F&O (Equity, Currency and Commodities) | 100% of NRML margin (Span + Exposure + Delivery margin) | 1x |
| Overall Rating |  3.8/5 |
| Fees |  4.2/5 |
| Brokerage | 3.8/5 |
| Usability | 3.8/5 |
| Customer Service |  3.5/5 |
| Research Capabilities |  3.1/5 |
Based on 107 Votes by Groww Customers
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The number of Groww customer complaint received by the exchanges. The Groww consumer complaint report helps understanding the Groww quality and relibility of service.
| Exchange | Financial Year | Number of Clients* | Complaints** | % |
|---|---|---|---|---|
| BSE | 2025-26 | 7986387 | 19 | 0.0002 % |
| NSE | 2025-26 | 12126921 | 1280 | 0.0106 % |
| BSE | 2024-25 | 8498103 | 71 | 0.0008 % |
| NSE | 2024-25 | 12921210 | 1994 | 0.02 % |
| BSE | 2023-24 | 5822666 | 153 | 0 % |
| NSE | 2023-24 | 9931232 | 834 | 0 % |
| BSE | 2022-23 | 2015347 | 291 | 0.01 % |
| NSE | 2022-23 | 5373705 | 272 | 0 % |
| BSE | 2021-22 | 894812 | 44 | 0 % |
| NSE | 2021-22 | 3847955 | 144 | 0 % |
* The number of active customers reported by the broker.
** The total number of complaints received against the broker at the given exchange.
Visit Groww Complaints at BSE, NSE and MCX for detail report.
Groww is an online discount broker providing investment offerings in stocks, bonds, ETFs, NFOs, and digital gold in the form of gold ETFs and gold funds. Groww offers free account opening with zero maintenance charges.
To avail of the various services offered by the company, you need to open a trading and Demat account with Groww. With a trading and Demat account, you also need to have a savings account with any bank in India. The Demat account gets linked to your trading account. Once all the accounts are ready, you can trade with Groww through any of the Groww trading platforms offered via the web or mobile app.
Groww does not provide tips, recommendations, or advisory services. Groww publishes a lot of content and information about capital markets that can help investors make an informed decision.
Groww follows a flat fee model. It charges a lower of Rs 20 or 0.05% of trade value as a brokerage charge for Equity trades.
Groww is a low-cost broker with the free account opening and zero maintenance charges. It charges a lower of Rs 20 or 0.05% of trade value as a brokerage charge for Equity trading. The mutual fund investment at Groww is free with no transaction charges or redemption charges.
Groww is a SEBI registered broker and a member of NSE and BSE in the name of Groww Invest Tech Pvt Ltd that provides online trading services to its customers. It has a depository participant with CDSL.
Groww provides trading platforms under the brand name of Groww in web and mobile versions.
Groww is one of the fastest-growing investment platforms in India. Groww started as a direct mutual fund platform with equity stocks, and gold was recently added to its product suite.
Overall, Groww is a good broker with a firm footing in the mutual fund space.
Read How safe is Groww? for more details.
To start investing with Groww, first, you need to open a trading and Demat account with Groww either through the web or mobile app. Groww offers free account opening. Once the trading and Demat accounts are ready, you need to login into your account and start investing.
To invest in mutual funds, you are required to go to the mutual funds' tab, choose the desired mutual fund based on your risk profile, and click Invest Now and make the payment either through SIP or lumpsum mode as available for the selected scheme.
To invest in Stocks, go to the Stocks tab and select the stock you need to buy or sell and place the order by inputting the desired quantity. Before placing the order, ensure to have the required funds or securities in your account.
Groww account cannot be closed online. You need to download the account closure form and send the duly filled physical form to the broker office.
Steps to close the Groww account
Before initiating the closure, ensure to clear any outstanding dues and transfer the securities lying in the Demat account (if any) to another Demat account.
Groww has an internal balance account called Groww balance to make the trading and investment process easy and convenient for the investors.
Steps to transfer funds to Groww balance:
Your Groww balance gets upgraded with the amount transferred and you are all set to invest at one-click.
Groww does not require you to maintain any minimum balance in the Groww balance account. You can keep any amount as per your choice.
Groww Balance is a facility offered by Groww to make trading and investment convenient for investors instead of making a separate transaction each time.
Groww offers various payment options to investors that make trading easy and convenient.
Payment options at Groww:
Groww is a new-age investment platform for Millennials. Started as a direct mutual fund platform, Groww is one of India's fastest-growing investment platform that aims to be an all-in-one platform to diversify investor portfolios across multiple asset classes.
Groww is an online discount broker that currently allows investment in stocks, bonds, ETFs, NFOs, and digital gold; trading in F&O, commodities, and intraday.
Groww account can be closed offline by submitting an account closure form to the Groww Head office. Groww does not offer to close the trading and Demat account online, via email or by phone.
Steps to close Groww account
Your account will get closed in 10-15 working days post the broker receives the closure form. If not, follow up with customer support.
Points to Note before initiating the closure request:
Yes, Groww is an online discount broker offering flat fee discount brokerage services to invest/trade in Equity, F&Os, IPO. Groww is an online discount broker that currently allows investment in stocks, bonds, ETFs, NFOs, and digital gold; trading in F&O, commodities, and intraday.
Unlike full-service brokers, Groww does not provide market research and trading tips. They also do not have branch offices or relationship managers.
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 maximum brokerage of Rs 20 per order, irrespective of the segment or amount. The company has its own web and mobile trading platform called Groww.
Groww offers online trading and demat accounts. Groww app is a mobile app to invest in Stocks, F&Os, Mutual Funds and IPOs.
Groww offers 2-in-1 account services that allow investors to open a Trading and Demat account. For trading using the Groww app, you need to open a Demat account with Groww that stores all the shares and securities in an electronic format. Groww offers a free Demat account opening with zero maintenance charges (Rs 0 Demat AMC).
Yes, Groww charges a maximum of Rs 20 as the brokerage for Equity and F&O trading.
The company does not charge any brokerage or commission for mutual fund investments. Groww also provides free account opening with no AMC charges for the Demat account.
|
Segment |
Brokerage |
|---|---|
|
Equity Delivery |
Rs 20 per executed order or 0.05% whichever is lower |
|
Equity Intraday |
Rs 20 per executed order or 0.05% whichever is lower |
|
Equity Futures |
Rs 20 per executed order |
|
Equity Options |
Rs 20 per executed order |
Groww mutual fund app is one of the highest-rated apps in the mutual fund industry offering Direct Mutual Funds.
Key Salient features of the Groww mutual fund App:
Groww Demat account cannot be deleted online. You need to submit the filled and signed physical account closure form to the broker's Banglore office.
Please ensure to sell or transfer the securities, if any, lying in the Demat account to another Demat account. Also, make sure to clear all dues.
You receive an email confirmation from CDSL (depository) and Groww once the account is successfully closed.
Yes, Groww allows you to buy IPO online through the Groww mobile app or Groww web at no extra cost provided you have,
If you do not have a UPI ID, you can also apply using your bank's ASBA facility and provide the Groww Demat account for the IPO application.
Information on this page was last updated on Tuesday, October 17, 2023
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