Groww Mutual Fund Investment 2024

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Groww app is one of the India’s best platforms for free direct mutual fund investment. The broker offers zero brokerage paperless investment in mutual funds at no account opening charges, commission, subscription fee, and redemption charges through Groww app and website.  Groww mutual fund app allows investment in 5000+ mutual fund schemes of 35+ top AMCs via SIP and lumpsum mode. The discount broker also facilitates clients to switch from regular to direct mutual fund plans to get 1% - 1.5% extra returns by paying less expense ratio.

Scroll down the page further to get complete review on how to invest in groww mutual funds, brokerage charges, is grow safe for mutual funds, groww mutual fund app features, groww mutual fund withdrawal process, and more.

Groww Mutual Fund App

Groww has started its journey in 2016 as the mutual fund investment platform. The company provides a dedicated mobile app and web-based platform for investment in direct plans. Groww app is one of the India’s fastest growing all-in-one mobile apps trusted by 90 lakh+ users with 4.6 rating on Play store. Groww mutual fund app is equipped with an abundance of features, pointed below:

• 5000+ direct mutual funds from 35+ AMCs to help getting 1%+ extra returns.
• Zero brokerage, no transaction fee, and subscription fee.
• No hidden charges.
• Paperless mutual fund investment process.
• Ready-made mutual fund portfolio of equity, debt, hybrid, and other categories of mutual funds.
• Compare upto 3 mutual funds (https://groww.in/mutual-funds/compare) based on parameters like NAV, returns, risks, expense ratio, etc.
• Track all external investment and an option to switch from regular to direct mutual funds.
• Start SIP with as low as Rs. 500.
• Invest in direct plans through SIP and lumpsum mode.
• Smart user-interface and intuitive dashboard to check all your holdings and returns.
• In-built Groww mutual fund SIP calculator to check returns.
• Safe and secure mobile app with 128 bit SSL encryption and fingerprint protection.

Groww Mutual Fund SIP

Customers can start SIP in Groww mutual fund with as low as Rs. 500. SIP is the most preferred investment route to invest a fixed sum of money at a regular time interval.

Steps to start SIP in Groww mutual funds;

1. Log in to the Groww app or website.
2. Enter the scheme name on the magnifying glass icon bar.
3. Select the mutual fund scheme name and tap on “Invest Now” button.
4. Choose the investment type, “SIP” or “One-time”.
5. Click on the “SIP” option to start SIP.
6. Enter the SIP amount and tap on the “proceed” option.
7. From the drop-down, select the SIP date.
8. Now, click on the “I’ll invest” and tap on the “Confirm and Pay” option.
9. You will be redirected to your bank’s net banking portal.
10. Pay the first SIP installment and it’s done, SIP amount will be automatically deducted from your bank account.

Note: You can stop your mutual fund SIP investment anytime in future online on the Groww app.

Groww Mutual Fund Account

Customers can open a mutual fund account using Groww mobile app or trading website. Groww platform offers hassle-free and paperless account opening process at nil charges.

Steps to open Groww mutual fund account:

• Head to the Groww app or website.
• Enter email ID and set password.
• Enter mobile number and the verification code.
• Verify PAN Card number.
• Enter personal details i.e. DOB as per PAN card, gender, marital status, and residence.
• Enter KYC details like occupation, income, etc.
• Add nominee for all your mutual fund investment including nominee name and relation.
• Verify bank account details i.e. IFSC, and account number.
• Upload your photo or selfie.
• Upload a scanned copy of PAN card, aadhaar card, and signature.
• Now, you will see two options “Open Stocks Account” and “Invest in Mutual Funds”. If you only want to invest in mutual funds, then tap on the latter option and start investing at zero brokerage.

Groww Mutual Fund Account Opening Documents

You have to submit the following set of documents checklist while opening mutual fund account with Groww;

1. Candidate’s photo.
2. PAN Card.
3. Aadhaar card or Voter ID, Passport, Driving License, etc.
4. A scanned copy of your signature.
5. Bank account details i.e. account number and IFSC code.

Groww Mutual Fund Withdrawal

You can redeem your mutual funds investment on the Groww app instantly on a few-click. Groww offers mutual fund redemption facility in terms of units and investment value. Let’s check the detailed step by step process to withdraw your mutual fund investment from Groww app;

1. Log in to the Groww mobile app or website.
2. Tap on the “Dashboard” option displayed on the Home page.
3. Groww dashboard displays the complete list of all mutual fund holdings, invested money, and current growth value.
4. Select the mutual fund scheme, you want to redeem investment from and simply tap on the “Redeem” option.
5. Enter a redemption amount or no. of units and then click on the “Redeem” option to place mutual fund withdrawal request on Groww.
6. Now, select the option in between groww balance or bank account and tap on the “Continue” option.
7. Enter PIN number or verify it with fingerprint authentication.
8. Confirm the redemption order and the request will be processed within 24 hours.

Groww Mutual Fund Withdrawal Charges

Nil, Groww offers absolutely free mutual fund withdrawal services at zero charges. However, it is to be noted that the mutual fund scheme from which you are redeeming in may be subject to the exit load based on the period of investment.

Groww Mutual Fund Customer Care Number

Access Groww “Help & Support” section on the website or mobile app with a list of queries available or you can also raise a ticket to get hassle-free solution. You can also send an email to the Groww customer helpline at [email protected] and chat with Groww customer support team.