Know Your Broker: Groww Review, Brokerage Plans, Margins and Customer Care

Groww Products

This broker will show you the segments that you can invest in segments like: Equity, Commodity, Currency, Futures and options.

Equity
Commodity
Currency

Futures
Options

Groww Trading Softwares

A collection of software and applications that the broker offers to help you execute online buy/sell orders. These are the names of their portals and mobile apps.

Website
Mobile App

Groww Brokerage Plans

Choose from one or more plans below. Use tabs if multiple plans available. A single plan includes all the basic charges and brokerages, margins, etc.

Groww Other Investment Options

The broker can provide services for investing in other financial assets like in Mutual funds, Insurance, Bonds, many others segments.

Mutual Funds
IPO Platforms
Bonds & Debt

Exchange Traded Funds
Insurance

Groww Additional Features

Brokers may offer additional features at no or minimal cost. Like research reports, SMS alerts etc.

3 in 1 Account
Free Recommendations
Free Research Reports

SMS Alerts
Margin Funding
Margin Against Share

Groww Pros

This broker has many strengths and advantages.
1. Customers can invest without commission.

2. It is easy to open a Demat or trading account. E-signing is possible only with the Aadhar Card
3. It is simple and intuitive to use.
4. They offer the possibility to invest in US-based stocks.
5. Simple pricing model
6. One of the discount brokers in India with a brokerage fee Rs 20 or 0.05 for each executed trade
7. Zero Account Opening Fee
8. Zero Demat AMC Charges.
9. Instant account opening paperless
10. Online application for an IPO
11. Direct Mutual Funds Platform allows you to earn an additional 1.5%
12. Option to You can invest online in digital gold.
13. Blogs, blogs, and resources that offer information about the stock market as well as up-to-date to help investors make informed decisions.

Groww Cons

Disadvantages of this broker that it needs to improve upon.

Availing customer support can be tricky. Only e-mail facilities are available.
Users face difficulty in analysing funds technically as the option of in-depth and detailed analysis is not available.
Only limited investment products without the option to trade in currency or commodity segments.
Trade and No Call
Don't give stock tips. Instead, you can research reports or make recommendations.
No branch support.
Margin trading is not available.
There is no margin for shares.
Advanced order types such as BO, CO and AMO are not available.
Groww app does not offer trailing stop-loss orders.
NRI Trading is not permitted.

Our Conclusion

It is easy to use and all investment tools are accessible. The platform does not offer tools for trading and analysis. You cannot trade on any other segments of Groww except equity intraday and equity delivery. You can find educational content in blogs, videos and other formats.

The brokers can provide for investors.

Use well-written educational content to learn more about mutual funds and stocks
All investment options can be managed from one app. This makes it easy to manage your money.
Charges zero brokerage on equity delivery.