About Groww
Groww is a Bengaluru-based, app-first discount broker founded in 2016. Operated by Groww Invest Tech Pvt. Ltd. (formerly Nextbillion Technology Pvt. Ltd.), it has become India's largest stockbroker by active NSE clients (1.4+ crore as of mid-2025). The platform offers equity, derivatives, commodities, mutual funds, IPOs, bonds, and gold investing through a single, intuitive mobile app and website. Groww's parent company listed on NSE & BSE in November 2025.
Groww is known for its zero account opening charges, lifetime zero Demat AMC, clean UI, and strong focus on mutual funds and beginner investors while also supporting active trading.
Why Choose Groww?
Groww excels in simplicity and zero recurring costs. With lifetime zero AMC, a single intuitive app for all investments, and strong mutual fund offerings, it is one of the best platforms for first-time investors and long-term SIP users in India.
It offers competitive flat brokerage, advanced order types, dedicated trading terminals, and proven infrastructure at massive scale.
Key Features of Groww
- Zero Account Opening + Lifetime Zero Demat AMC
- Equity Delivery & Intraday: Lower of ₹20 or 0.1% (min ₹5)
- F&O, Currency & Commodity: Flat ₹20 per executed order
- 5,000+ Direct Mutual Funds at zero commission
- Dedicated 915 Terminal & Groww Terminal for F&O
- Advanced Orders: GTT, OCO, Bracket, Cover, Trailing SL, Basket
- MTF (Pay Later) Facility
- API & Algo Trading Support
- IPOs, Corporate Bonds, Sovereign Gold Bonds, ETFs
- Fast Paperless Account Opening
Basic Broker Details
| Parameter | Details |
|---|---|
| Broker Name | Groww (Groww Invest Tech Pvt. Ltd.) |
| Founded | 2016, Bengaluru |
| Active Clients | 1.4+ Crore (Largest in India) |
| SEBI Registration | INZ000301838 |
| DP Registration | IN-DP-417-2019 |
Trading Platform Review
Mobile App
Clean, beginner-friendly unified app for stocks, mutual funds, F&O and more. Strong trade-from-chart features.
Web & Terminals
Groww Terminal and dedicated 915 Terminal for serious F&O traders with multi-chart support and option chain tools.
Brokerage Charges
| Segment | Brokerage |
|---|---|
| Equity Delivery / Intraday | Lower of ₹20 or 0.1% (min ₹5) |
| F&O / Currency / Commodity | Flat ₹20 per executed order |
| Direct Mutual Funds | ₹0 |
Trading Platform Review
Mobile App Review
The Groww mobile app (Android & iOS) is the primary platform for most users. It features a unified portfolio view covering stocks, mutual funds, F&O, IPOs, and gold. It includes an Advanced Options panel for Stop-Loss, GTT, OCO, Bracket, and Cover orders, along with trade-from-chart capabilities.
Web Platform Review
The Groww website mirrors the app’s functionality and is ideal for larger screens. For active F&O trading, users are directed to the dedicated Groww Terminal and 915 Terminal, which offer multi-chart layouts, option chain with payoff graphs, and advanced order tools.
Speed Analysis
Groww emphasises fast execution with sub-50-millisecond routing for Bracket Orders. User feedback is mixed — generally smooth, but some slippage reported during high volatility.
Charting Features
Groww uses proprietary 'Groww Charts' with three layers: mobile charts, Groww Terminal (up to 8 charts), and 915 Terminal focused on options. Adequate for most retail traders but lacks TradingView depth.
TradingView Integration
No native TradingView integration. Groww uses its own in-house charting engine tightly integrated with order placement.
Brokerage Charges Analysis
| Segment | Brokerage |
|---|---|
| Equity Delivery | Lower of ₹20 or 0.1% (min ₹5) |
| Equity Intraday | Lower of ₹20 or 0.1% (min ₹5) |
| Futures & Options | Flat ₹20 per executed order |
| Currency & Commodity | Flat ₹20 per executed order |
| Direct Mutual Funds | ₹0 |
MTF (Margin Trading Facility)
Groww offers Margin Trading Facility branded as 'Pay Later'. It allows leverage on equity delivery positions.
| Parameter | Details |
|---|---|
| MTF Brokerage | 0.1% of order value |
| Interest Rate | 14.95% p.a. |
| Segments | Equity Cash Market only |
DP & Other Transaction Charges
| Charge Type | Amount |
|---|---|
| DP Charge (Delivery Sell) | ₹16.50 (Groww) + Depository fee + GST |
| Pledge / Unpledge | ₹20 per ISIN + GST |
| Auto Square-off | ₹50 per position |
Is Groww Safe?
Groww's safety profile rests on the same regulatory scaffolding that applies to every SEBI-registered broker, plus a few Groww-specific disclosures worth checking directly. It is registered with SEBI as a Stock Broker (INZ000301838) and as a Depository Participant (IN-DP-417-2019), is a Trading Member of NSE (ID 90187) and BSE (ID 6699), a Member of the MCX (ID 57420), and is registered with AMFI as a Mutual Fund Distributor (ARN-111686). Client holdings sit in dematerialised form directly with CDSL and NSDL, in the investor's own name -- not pooled under the broker -- which is a structural protection independent of Groww's own financial health. The company also publishes a Trust & Safety page covering encryption practices and runs a public bug-bounty programme for security researchers, both of which are reasonable signals of investment in platform security. As with any broker, safety of capital and safety of service experience are two different things: the regulatory and custody protections above limit certain categories of risk (such as misuse of client securities), but they do not by themselves guarantee fast support resolution or zero execution slippage, which are tracked separately in the Customer Support and Trading Platform sections of this review.
Regulatory Registrations
SEBI Stock Broker: INZ000301838
SEBI DP: IN-DP-417-2019
Safety Features
Client securities held in own name • Trust & Safety page • Bug bounty programme
Pros and Cons of Groww
Pros
- ✓ Zero Account Opening + Lifetime Zero AMC
- ✓ Excellent for Mutual Funds & SIPs
- ✓ Large user base & proven scale
- ✓ Modern order types & terminals
- ✓ Fast paperless onboarding
Cons
- ✗ No Zero Delivery Brokerage
- ✗ No NRI Accounts
- ✗ No Call & Trade
- ✗ No 3-in-1 Account
- ✗ Relatively high DP charges
Groww Ratings Breakdown
Competitive flat-fee structure but DP charges and MTF interest are higher than some peers.
Strong mobile UX and dedicated terminals; occasional slippage reported in volatile markets.
Equity, F&O, Commodities, Mutual Funds, Bonds, Gold & IPOs in one app.
24x7 ticketing but no live call centre; mixed reviews on resolution speed.
Fully SEBI registered with segregated client securities.
Strong for beginners and mutual fund investors. Good but not best-in-class for active traders.
Who Should Use Groww?
- First-time investors who want a single, easy-to-navigate app for both stocks and mutual funds.
- Long-term mutual fund and SIP investors who want zero-commission direct plans across a wide fund shelf.
- Cost-conscious investors who want to avoid recurring Demat AMC charges, especially on a secondary or low-activity account.
- Occasional traders who value simplicity over advanced charting or desktop-terminal depth.
- F&O traders who want basket orders, GTT/OCO, and Bracket/Cover orders without a steep learning curve.
- Investors who want one platform spanning equity, mutual funds, IPOs, bonds, gold, and ETFs.
Who Should Avoid Groww?
- NRIs who need a compliant NRI trading and Demat account.
- Investors who specifically want a 3-in-1 account linked to a savings/current bank account.
- Traders who depend on telephonic call-and-trade as a backup execution channel.
- Investors who want dedicated equity research, advisory calls, or a relationship manager.
- High-frequency F&O traders for whom DP charges, MTF interest, and support responsiveness matter significantly.
- Investors who prefer in-person, branch-based service for KYC, grievance handling, or account changes.
Groww vs Competitors: Detailed Comparison
Groww vs Zerodha
| Parameter | Groww | Zerodha |
|---|---|---|
| Equity Delivery Brokerage | Lower of ₹20 or 0.1% | ₹0 (Free) |
| Intraday / F&O Brokerage | Lower of ₹20 or 0.1% / ₹20 flat | ₹20 or 0.03% (lower) |
| Demat AMC | ₹0 for life | ₹300 + GST/year |
| TradingView Integration | No (Proprietary Charts) | No |
| NRI Accounts | Not Available | Available |
Groww vs Angel One
| Parameter | Groww | Angel One |
|---|---|---|
| Research & Advisory | Not Offered | Available |
| Call & Trade | Not Available | Available |
| Branch Network | Digital Only | Pan-India Presence |
Expert Verdict on Groww
Taken as a whole, Groww earns its position as India's most widely held brokerage account by combining a genuinely free account-opening and maintenance structure with a product range broad enough to cover most retail investing needs -- equity, F&O, mutual funds, bonds, gold, and IPOs -- inside one consistently designed app. For a first-time investor or a primarily mutual-fund-and-SIP user, that combination of low cost and low friction is difficult to fault, and it explains a meaningful part of the platform's rapid rise to the top of NSE's active-client rankings. Where the picture is more mixed is on the trading and service side. Brokerage at ₹20 flat (or 0.1%, whichever is lower) is competitive but not class-leading, DP charges sit slightly above some peers, and -- based on the spread of user feedback across app stores and review platforms -- customer support quality appears inconsistent, with a meaningful share of complaints centred on withdrawal delays and call-back responsiveness rather than on pricing or platform stability. Investors who trade frequently in F&O, who need a human support line, or who require NRI account access will find real, structural gaps rather than minor inconveniences. It is also worth being clear-eyed about what Groww does not try to be: it is not a research-led, advisory-driven full-service broker, it has no branch network, no call-and-trade desk, and no 3-in-1 banking-linked account. None of that is a flaw so much as a deliberate positioning choice, and investors who specifically need those services are better served elsewhere. On balance, Groww is a strong default choice for cost-sensitive, app-first investors -- particularly those whose portfolio leans toward mutual funds, long-term equity, and occasional derivatives use -- and a reasonable, if not best-in-class, choice for active intraday and F&O traders who prioritise low fixed costs over premium support or advanced desktop-terminal features. As with any broker, the right decision depends on matching Groww's specific strengths and gaps against your own trading frequency, support expectations, and account-type requirements, which this review has tried to lay out as concretely as the available official data allows.
