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Groww Mobile App Review

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Groww Mobile App Review, features, charges, download, Safety

Groww app is the best mobile app for stocks and direct mutual funds investment at zero brokerage or commission fee. In 2016, Groww has launched an online mobile trading app under its brand name with a simple philosophy, "Investing is as simple as online shopping". The easy and simple user interface of the Groww app allows users to invest in shares and mutual funds in a completely hassle-free manner. Today, the groww app is one of India's fastest-growing platforms with a 90 lakh+ users' base, and 4.5 star rating. The app is free for all Groww customers. One-tap order placement, 100% paperless onboarding or account opening, simple and hassle-free investment journey, real-time market data, and smart user interface, are the key features offered by the Groww app. The discount brokerage firm has also focused on the app safety aspect by providing a fingerprint authentication feature and 128 bit SSL encryption to provide bank-grade security thus, the app is one of the safe platforms for Groww users.

Once you open an account with Groww, you can log in to the Groww app on Android or iOS devices, and start trading in shares, and futures & options at a maximum of Rs. 20 per order brokerage fee. However, the app allows free investment in direct mutual funds of 35+ AMCs at no brokerage charges.

Scroll down the page further to get a complete Groww App Review including key features, app charges, download, safety & security, Groww app customer care number, and pros & cons.

Groww Mobile App Charges

No charges, Groww app is absolutely free for all users who have opened an account in Groww. The app further supports free account opening process with Zero Demat AMC charges in a completely paperless manner.

Groww Mobile App Brokerage Charges
Particulars Groww App Brokerage
Equity Delivery Lower of Rs 20 per executed order or 0.05% of trade value
Equity Intraday Lower of Rs 20 per executed order or 0.05% of trade value
Equity F&O Flat Rs. 20 per executed order

Groww Mobile App Features

Groww app is embedded with an abundance of features to provide the effortless investment experience to its customers, explained here as under:

    1. Stock and Mutual Fund Investment

    Groww app is one of India's best platforms for investment in stocks and direct mutual funds. Groww charges Rs. 0 brokerage or commission on direct mutual fund investment. You can choose over 5000+ schemes across different mutual fund houses and start SIP or make a lumpsum investment. Users can also switch from external regular funds to direct mutual funds for Free. However, equity trading (intraday and delivery) is charged at Max Rs. 20 per order brokerage. Customers can also invest in IPO, US stocks, ETF, digital gold, and FDs through the Groww mobile app.

    2. Intuitive dashboard

    Once you logged in to the mobile app, the dashboard will be the first view displayed on the screen. Groww app has a smart and intuitive dashboard that presents a quick view of all the investments and current value. Users can also explore through all the options available and view a demo of app features.

    3. Multiple Customized watch lists

    Groww account holders can create a number of customized market watchlists and add their choice of stocks to the watchlist. The real-time live market data helps clients to closely monitor the stock prices to make a profitable investment decision. The app also provides company financials including P&L, balance sheet, etc. to analyze stock fundamental performance.

    4. Real-Time Market Data

    Customers can track real-time stock price market data and monitor the price fluctuations. Groww app users can add their favorite stock to the watchlist and keep an eye over the stock prices on both the BSE and NSE.

    5. Charting

    Groww app offers a simple yet powerful charting feature that graphically presents the historical stock price movement over the period. Customers can choose from 10+ technical charting options i.e. Heiken Ashi, Candlestick, line, bar, etc. with a time frame from 1 minute to 1 month and price data for up to 10 years. The mobile app has a full spectrum of technical indicators to identify the trend and signal and make smart investment decisions accordingly.

    You simply need to click on the technical chart icon, set your preferences (chart type, timeframe, etc.), and add the indicator you want to choose to perform technical analysis of a stock.

    6. One-Click order placement

    One-click order placement feature on the Groww app facilitates customers to enjoy an easy and hassle-free investment experience in shares and mutual funds. The smart user interface of the mobile app eases the share market trading by one-tap buy and sell orders.

    7. Paperless Onboarding

    Groww app supports a 100% paperless account opening process. Customers can sign up and do one-time stock market and mutual fund KYC within the app to open a free Groww Demat account online.

    8. Smart and Hassle-free Fund Transfer

    Groww mobile app supports an easy online fund transfer process through a UPI payment gateway or net banking portal. Customers can add funds to their Groww trading account using UPI for free and the funds will be instantly reflected within a few minutes.

    9. Latest Stock Market News

    You can keep yourself updated with the latest stock market news and important market insights using the Groww App. The app further provides daily market insights about Top Gainers, Top Losers, and Top by market capitalization.

    10. Fingerprint scanner unlock

    The fingerprint scanner unlocks login features on the Groww app ensures customers' safety and security by protecting it from unauthorized access. The feature also saves users time by offering them a convenient way to log in to their Groww account without entering the username and password every time.

    11. Customized Notification

    Groww app provides the customized notification feature to users. Customers are allowed to choose the notification frequency i.e. daily, weekly, monthly, or never and the medium to get notification i.e. Email, Push, SMS, and In-app.

    12. Reports

    Groww customers can view and download important reports like P&L reports, capital gain tax report under the "Reports" option on the app.

Groww Mobile App Download

Android users can download the app from Google Play Store and Apple iPhone (iOS) users can install the mobile app from the App Store.

Groww Mobile App Login

Customers can log in to the Groww account on the mobile app anytime using their mobile device (Android and iOS). Like any other mobile app, you have to enter the login credentials i.e. Groww account user ID and the password to log in to the Groww app. Customers can also use the fingerprint scanner feature to log in to their Groww account.

Is Groww Mobile App Safe?

Yes, the Groww app is a 100% safe, secure, and reliable mobile app, protected with a high level of 128 bit SSL encryption. The broker maintains a bank-level of security for all the transactions. Every mutual fund transaction (investment and redemption) is executed through the BSE Star MF platform thus, your investment is direct with the respective mutual fund house AMC. The fingerprint unlocks feature further adds to the app security as it prevents the risk of any unauthorized access especially when the device is misplaced.

Groww Mobile App Customer Care Number

Groww app has a dedicated "Help & Support" section where customers can raise their query to the Groww customer care team or else you can send a mail to @[email protected]. Groww platform also has a live chat option where customers can chat live online with the customer support representative.

You can also raise a query on Groww Customer Care Number 9108800604 to talk to Groww customer support staff.

Groww Mobile App Cons

  • Advanced orders like bracket order (BO), cover order (CO), and GTT are unavailable.
  • Groww app does not provide a scanner and stock price alert feature.
  • Backtesting and market depth are unavailable.
  • The mobile app does not support NRI investment.

Groww Mobile App Review - Final Verdict

The grow app review is strongly evident that it is a great platform to invest in direct mutual funds across all the top fund houses at zero brokerage or commission fee. Customers can also use the Groww app to switch their external regular mutual fund investment to direct funds. Easy and hassle-free investment journey, real-time market data, customized watchlist, charting, etc. are some of the premium features available on the mobile app. Investors don't even have to worry about the app safety and security aspect as customers can track their mutual fund investment anytime online with the respective AMC. The app is further protected with 128 SSL bit encryption to provide bank-grade safety to users' data.

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FAQs

Groww mobile app offers one-click order place to buy and sell shares of your choice. The app is extremely simple and easy to use comes with a user-friendly UI.

Steps to buy stocks on the Groww app:

  1. Add your favorite stocks to the Groww watchlist.
  2. Tap on the “Buy” option from the order placement window.
  3. Enter details like a number of shares, order type, price, etc.
  4. Submit the order to buy the stocks.

 

Groww App is a share market and mutual fund investment app by Groww. The mobile-based online trading platform provides access to 5000+ direct mutual fund plans of 35 AMCs at zero brokerage or subscription fee. Customers can also invest in equity F&O, IPO, digital gold, ETF, and US stocks.

 

Yes, groww app is free for all its customers. Anyone who has opened Groww account can access the app features at ₹0 charges. However, users have to pay Rs. 20 brokerage fee on all equity and F&O trades and other charges such as DP charges, STT, stamp duty, GST, etc.

 

Groww Mobile app allows users to create multiple watchlists, track stock price movement, Equity and F&O trading, and start SIP and lumpsum direct MF investment at Rs. 0 brokerage fee. The app further provides market insights i.e. Top gainers, Top losers, stock analysis, real-time market update, and other relevant features. Customers can also open Free stock market and mutual fund account on the Groww app in a completely paperless manner.

 

Yes, the Groww app is an excellent mobile trading app to trade and invest in shares. The super-fast and convenient mobile app is a perfect gateway to create a watchlist to track stock price movements and enjoy a one-click equity investment experience. You just need to register stock market KYC digitally on the Groww app and then start equity intraday trading, equity delivery trading, and equity futures & options trading. Users can also access stock's fundamentals, charts, and company-related news on the Groww app.

 

Groww offers technical charting features on its mobile trading app to allow traders to analyze the stock price movement over different timeframes. Here are the charting features available on the Groww app;

  • 10+ Technical charts i.e. candlestick, line, bar, Heiken Ashi, Renko, Point & Figure, etc. to suit trader’s requirements.
  • Technical indicators i.e. RSI, MACD, Bollinger Bands, Pivot Points, etc. to identify signal & trend, and study price movement.
  • Multiple timeframes from 1 minute to 1 month.
  • Charting time of 1 day, 1 week, 1 month, 6 months, 1 year, 3 years, 5 years, and all.
  • Price history of up to 10 years to track long-term stock price fluctuations.

 

Groww app is a 100% reliable, fully safe, and secure mobile trading app that employs bank-grade security to keep users data 100% safe. The broker uses BSE Star MF platform to execute all mutual fund buy and sell transactions thus, customers can track their mutual funds with their respective AMC.

128 bit SSL encryption standard and fingerprint authentication are the other features that make the data a /100% safe and secure platform for trading and long-term investment in shares and direct plans.

 

Yes, in August 2021, Groww has launched the Groww app on the App Store for apple iOS smartphone. The mobile app is a one-stop-shop to and direct mutual funds and all the features that are available on Android are provided on the iPhone app. One-time digital KYC process, intuitive dashboard, simple design, paperless onboarding, online mutual fund calculator, and latest finance news & insights are some of the top-notch features available on iOS App.

 

Groww app is the best direct mutual fund investment platform. Groww app is an all-in-one dedicated mobile app to allow zero brokerage investment in 5000+ equity, debt, hybrid, and ELSS schemes across 35+ mutual fund houses.

Groww Mutual Fund App Features;

  • Zero-brokerage, commission, or subscription fee.
  • Direct mutual fund schemes available.
  • 35+ Top fund houses available i.e. ICICI, HDFC, Axis, SBI, Nippon, etc.
  • Safe and secure app with 128 Bit encryption and SSL certification.
  • Switch external investment in regular funds to direct funds at 0 charges.
  • Start SIP with as low as Rs. 500.
  • Compare mutual fund returns, performance, risks, NAV, etc.
  • Smart user interface and intuitive dashboard.
  • In-built mutual fund calculators like SIP calculator, Lumpsum calculator, etc.
  • Invest in ready-made mutual fund portfolio.

 

Groww app users can view and download different types of reports from the mobile app. Here are the steps to get a capital gain statement on the groww app;

  1. Log in to the Groww app.
  2. Tap on the “You” option at the bottom right corner of the home page.
  3. Now, click on the “SIP & Reports” section.
  4. Tap on the “Capital gain” report.
  5. Enter the financial year and click on “Download” to get the capital gain statement report.

 


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