Zero spread accounts, instant UPI deposits, unlimited leverage. For a detailed breakdown of fees and features, see our XM broker review for Indian traders.
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Groww Overview 2026
Groww has transformed from a mutual fund platform to India's second-largest stockbroker with over 1 crore active clients. The company offers stocks, F&O, mutual funds, fixed deposits, digital gold, US stocks, and IPOs through a single, beautifully designed app. Groww is registered with SEBI and is a member of NSE and BSE.
What sets Groww apart is its simplicity. The app is designed for people who have never invested before. Everything from KYC to placing your first trade is guided with clear instructions and educational content. This beginner-friendly approach has made Groww the default first broker for millions of young Indians.
Groww Fee Structure 2026
| Segment | Brokerage | Other Charges | Total Cost |
|---|---|---|---|
| Equity Delivery | Zero | STT + Exchange | ~0.11% per trade |
| Equity Intraday | Rs 20/order or 0.05% | STT + Exchange | ~Rs 25-30 |
| F&O | Rs 20/order | STT + Exchange | ~Rs 25-50 |
| Mutual Funds | Zero (direct plans) | Nil | Zero commission |
| US Stocks | Zero brokerage | Forex markup 1-2% | 1-2% per trade |
| AMC | Zero | Nil | No annual charges |
Groww's zero AMC and zero delivery brokerage make it the cheapest demat account for investors. The zero commission on direct mutual funds means your entire SIP amount gets invested. For F&O, the Rs 20 flat brokerage is competitive with Zerodha.
Groww App and Platform Review
The Groww app is consistently rated 4.5/5 on both App Store and Google Play. Its clean, minimalist design makes it easy to navigate even for first-time investors. Key features include a unified dashboard for all investments (stocks, MF, FD, gold), one-tap investing for mutual funds, real-time portfolio tracking, and integrated IPO application.
For traders, Groww provides candlestick charts with basic indicators (MA, RSI, MACD, Bollinger Bands), real-time watchlists, and standard order types (market, limit, SL). However, the charting tools are significantly less advanced than Zerodha Kite or TradingView. There is no desktop platform, which can be a limitation for full-time traders.
The app handles market-open traffic well, with minimal lags or outages. Order execution speed is comparable to other discount brokers. Push notifications for order execution, price alerts, and corporate actions keep you informed.
Investment Options on Groww
Stocks and ETFs: All NSE and BSE listed stocks with zero delivery brokerage. IPO application integrated. Corporate actions (dividends, bonuses, splits) automatically reflected.
Mutual Funds: 5,000+ direct mutual fund schemes with zero commission. SIP from Rs 100. Performance comparison tools. Tax-saving ELSS funds available.
F&O: Nifty, Bank Nifty, and stock options/futures. Rs 20 per order. Basic option chain view. Less advanced than Zerodha for serious options traders.
US Stocks: Trade Apple, Tesla, Amazon, and other US stocks from India. Fractional shares available. No brokerage but forex conversion markup applies.
Fixed Deposits: FDs from banks and NBFCs with up to 9.5% returns. No lock-in beyond the FD tenure. Fully digital process.
Digital Gold: Buy 24K gold in amounts as small as Rs 1. Stored in secure vaults. Can be converted to physical gold and delivered.
Pros and Cons
| Pros | Cons |
|---|---|
| Zero AMC demat account | Limited charting tools |
| Zero delivery brokerage | No desktop platform |
| Best app for beginners | F&O analytics basic |
| Unified investment platform | No algo trading / API |
| Direct mutual funds | No research reports |
| US stocks access | Customer support via chat only |
Who Should Use Groww?
Groww is perfect for: First-time investors, SIP investors, people who want stocks + mutual funds + FDs in one app, young professionals starting their investment journey, and anyone who values simplicity over advanced features.
Groww is NOT ideal for: Active F&O traders (Zerodha is better), algo traders (no API available), full-time traders who need desktop platforms, and advanced chartists who need multiple monitors. For international forex trading with leverage, Exness and XM are better options.
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Open Free XM AccountFrequently Asked Questions
Is Groww safe to invest?
Yes. Groww is a SEBI-registered broker and member of NSE and BSE. Client funds and securities are kept separately. Groww has raised over $400 million from marquee investors including Tiger Global and Sequoia Capital. Your shares are held in your demat account at CDSL, not with Groww.
Does Groww charge AMC?
No. Groww offers a zero AMC demat account. There are no annual maintenance charges, no account opening fees, and no delivery brokerage. You only pay Rs 20 per order for intraday and F&O trades plus applicable taxes.
Can I do F&O trading on Groww?
Yes. Groww offers Nifty, Bank Nifty, and stock futures and options trading at Rs 20 per order. However, the options analytics tools are basic compared to Zerodha Sensibull. Serious options traders may find Groww limiting.
Groww vs Zerodha: which is better?
Groww is better for beginners and long-term investors due to its simpler interface and zero AMC. Zerodha is better for active traders and F&O traders due to its superior platform (Kite), API access, and advanced tools. Many traders use both.
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