GROWW Discount Broker

ABOUT

Groww is one of India’s fastest growing online investment platform. It allows investors to invest in mutual funds and stocks. As of April 2021, the company has raised over $140 million at a valuation of $1 billion.

In Groww, users can find the best mutual funds to invest in and can invest their money without any hassles. Groww provides objective evaluation of mutual funds and does not advice or recommend any mutual fund or portfolios.

Groww helps investers in the following way

  • By providing objective evaluation of products available on Groww
  • Bringing up red flags, if any, involved in the products. However Groww does not guarantee to bring out all red flags.
  • By being transparent about fees and charges involved in investing a product.
  • By clearly representing the risk associated with buying a product.

All transactions on Groww are safe and secure. Users can invest through SIP or Lumpsum using Netbanking through all supported banks. It uses BSE star MF(with member code 11724) as transaction platform.

PRICING

Account opening charges : 0
AMC(Account Maintainance Charges) : 0
Equity Brokerage : 20/- or 0.05%
Future & Options Brokerage : 20/- per executed order
DP charges(only on DELIVERY) : 13.5/- per company

PENALTIES

Auto Square-off charges : 50/- per position
Auction : As per actual penalty by exchange

18% GST on Brokerage, DP charges, Exchange Transaction and Auto Square-Off charges.

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