Groww review
Independent review of Groww — brokerage, app, account opening, customer support and the kind of investor it actually fits. Groww is one of India's largest discount brokers.
Verdict
First-time and casual investors who want one clean app for stocks, mutual funds and FDs.
Brokerage at a glance
Headline brokerage on the default Groww flat ₹20 plan. On top of brokerage you also pay STT, exchange transaction charges, SEBI fee, stamp duty, GST and DP charges — see full charges for the breakdown.
About Groww
Groww is one of India's largest discount brokers. Delivery and intraday are charged at flat ₹20 or 0.1% per executed order, whichever is lower, with a ₹5 minimum brokerage floor; F&O is flat ₹20 per order.
The Groww trading app
- Stocks, mutual funds, US stocks, and FDs in one app
- IPO application via UPI
- Direct mutual funds — zero commission, one-tap SIP
- Portfolio tracker with P&L view
Opening a Groww account
Account opening is fully online for Indian residents. Keep your PAN, Aadhaar (with mobile linked for OTP), a bank cancelled cheque or statement, a passport-size photo and a signature on white paper handy. Aadhaar e-KYC, in-person video verification and e-sign typically take 1–3 working days end-to-end. Start at groww.in.
Alternatives to Groww
See the full ranked list of every retail broker in India on the stock brokers in India page. To compare exact landed cost on a typical trade, use the brokerage calculator — switch brokers in the dropdown without leaving the page.
Frequently asked
What people ask about Groww.
Groww is SEBI-registered and holds NSE / BSE membership, so it meets the regulatory bar every Indian broker must clear. Whether it is a good fit depends on what you trade. First-time and casual investors who want one clean app for stocks, mutual funds and FDs.
Equity delivery is ₹20 / 0.1% (min ₹5). Equity intraday is ₹20 / 0.1% (min ₹5). Equity options is Flat ₹20. On top of brokerage you pay STT, exchange transaction charges, SEBI fee, stamp duty, GST and DP charges. The brokerage calculator on this site shows the all-in landed cost for a sample trade.
Groww is registered with SEBI and a trading member of NSE / BSE. Demat accounts are held with CDSL or NSDL — the broker does not hold your shares, the depository does. Funds are held in a SEBI-regulated client bank account separate from the broker's own funds. The risk to investors from broker failure is limited; the larger risk to manage is account fraud via phishing and OTP sharing.
Stocks, mutual funds, US stocks, and FDs in one app. IPO application via UPI. For a full feature list and download links see the Groww app page.
Account opening is fully online for Indian residents. You need PAN, Aadhaar (with mobile linked for OTP), a bank cancelled cheque or statement, a passport-size photo and a signature on white paper. Aadhaar e-KYC, in-person video verification and e-sign typically take 1–3 working days. Apply via https://groww.in.
Discount brokers comparable to Groww include Zerodha, Groww, Upstox, Dhan and Angel One. Full-service alternatives include ICICI Direct, HDFC Securities, Kotak Securities and Sharekhan. Compare brokerage rates side-by-side on the brokerage calculator before switching.