Groww is an online investment platform that offers various services, including stock trading, demat accounts, and brokerage services. It allows users to invest in mutual funds, stocks, gold, and other financial instruments.
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Here are some key points related to Groww’s services:
- Stock Trading: As mentioned earlier, Groww initially did not offer direct stock trading. However, they might have introduced this feature or partnered with a stockbroker to provide such services. It’s advisable to visit their website or contact their support to check if stock trading is available.
- Demat Account: A Demat account is required for holding securities like stocks and mutual funds in electronic format. Groww provides Demat account services to its users. You can open a Demat account through the Groww app or website by completing the necessary registration process.
- Brokerage: Groww’s brokerage fees depend on the services availed. The brokerage charges can vary depending on the type of transaction and the investment instrument. It’s advisable to check the official Groww website or contact their customer support for detailed information regarding brokerage charges.
- Reviews: Reviews about Groww’s services can be found on various platforms, including app stores, social media, and financial forums. These reviews may vary based on individual experiences and preferences. It’s recommended to consider multiple sources and review platforms to get a comprehensive understanding of users’ opinions.
Remember to conduct thorough research and due diligence before engaging with any financial platform. It’s essential to understand the risks involved in investing and consult with a financial advisor if needed.
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Comparison of Groww with Top 5 Market Leaders in the Brokerage Industry
| Broker | Groww | 5paisa | Zerodha | Upstox | Paytm Money |
| Service Type | Discount Broker | Discount Broker | Discount Broker | Discount Broker | Discount Broker |
| Brokerage Range | Rs 20 | Rs 20 | Rs 20 | Rs 20 | Rs 15 |
| Account Type | 2 in 1 | 2 in 1 | 3 in 1 | 3 in 1 | 2 in 1 |
| Equity Delivery | 0.05% or Rs 20 whichever is lower | Flat Fee Rs 20 | Free | 2.5% or Rs 20 whichever is lower | 2.5% or Rs 15 whichever is lower |
| Equity Intraday | 0.05% or Rs 20 whichever is lower | Flat Fee Rs 20 | 0.03% or Rs 20 whichever is lower | 0.05% or Rs 20 whichever is lower | 0.05% or Rs 15 whichever is lower |
| Equity Futures | Flat Fee Rs 20 | Flat Fee Rs 20 | 0.03% or Rs 20 whichever is lower | 0.05% or Rs 20 whichever is lower | 0.02% or Rs 15 whichever is lower |
| Equity Options | Flat Fee Rs 20 | Flat Fee Rs 20 | Flat Fee Rs 20 | Flat Fee Rs 20 | Flat Fee Rs 15 per order |
| Commodity | Not Available | Flat Fee Rs 20 | Flat Fee Rs 20 | Flat Fee Rs 20 | NA |
| Currency Futures | Not Available | Flat Fee Rs 20 | 0.03% or Rs 20 whichever is lower | 0.05% or Rs 20 whichever is lower | NA |
| Currency Options | Not Available | Flat Fee Rs 20 | Flat Fee Rs 20 | Flat Fee Rs 20 | NA |
| Rating |  | |  | | |