If you are interested in the share market and want to earn profit by investing money in the share market, then today we are going to tell you about an online trading platform called Groww App. Here you can invest money in the online stock market or in Mutual Funds.
What is Groww App?
Groww App is a great trading application through which you can make investments in Mutual Funds and the Share Market. This application is very easy to use.
Groww App was launched in April 2016. Talking about the owner of Groww App, it was developed by Nextbillion Technology. The company is run by its CEO Lalit Keshere and partners Harsh Jain, Ishaan Bansal, and Neeraj Singh.
Initially, Groww App was a platform to invest only in Mutual Funds, but in 2020, Groww App also started Stock Broking, which proved to be a very good move.
With Groww App, you can now open a Demat account to invest in Mutual Funds, Stocks, Initial Public Offerings, Digital Gold, and Exchange-Traded Funds as well.
More than 1 crore people have downloaded Groww App from Play Store. The rating of Groww App is 4.4 which has been reviewed by more than 3 lakh people. It can be inferred from this that Groww App is a popular application.
On Groww App, you can keep an eye on all your investments, how much the Funds or Shares you have bought have increased or decreased.
Groww App Charges
You can open a free demat account and trading account on Groww App. Rather, if you signup with someone’s referral link, you also get a Rs.10000 bonus.
Account maintenance charge on Groww app is also zero i.e. you do not have to pay any kind of AMC charge. On the Groww app, intraday trading charges are $20 per order.
Is Groww App Safe?
Groww App is a completely secure App. It is registered with AMFI (Association Of Mutual Funds In India) as well as Groww App is registered with BSE (Bombay Stock Exchange).
Groww App is an easy-to-use trading app. In which you get a chance to invest without any extra charges. This is a completely safe app that allows you to invest in IPOs, Digital Gold, US Stocks, Mutual Funds, and Stocks without any hassle.
Groww app has got a rating of 4.3 stars on Playstore, from which it can be inferred that Groww app is a reliable and safe app.
What documents are required to create an account on Groww App?
Following documents are required to create an account on Groww App-
How to create a Demat account on Groww App?
Install Groww App from the Play Store, then follow these steps to create an account on Groww App.
Step 1- You have to open the Grow App, after that you have to click on Continue With Google, now you have to signup with your Gmail account.
Step 2- Now you have to set your PIN on the Groww App and enter your mobile number and click on the Send OTP option. After OTP Enter, you have to click on the option of Verify.
PAN and Aadhaar cards linked to mobile numbers will automatically fill in all your details, after which you must click on Complete Setup and enter some basic information –
Mother and father’s name
Mutual Fund Nominee
Bank account details
Follow the next steps if Automatic Fill does not happen.
Step 3- Now you will be asked for your PAN card number. After filling in the PAN card number, you have to click on the Create Account option.
Step 4- After this you have to enter your date of birth and click on the Next button.
Step 5- Click on the Next button after filling in your gender. The next step is to fill out your marital status.
Step 6- After this you have to choose which field you want to work in.
Step 7- Input your income now.
Step 8- Next, you will have to fill out how much trading experience you have.
Step 9- KYC requires you to fill out the names of your mother and father. After that click on the Next button.
Step 10- After this, if you want to fill someone’s name in your Mutual Fund Nominee, then turn on the option of Yes. Now you have to fill Relation, Name, Date Of Birth with the one you want to keep as Nominee. Do not keep anyone as a nominee if you do not want to.
Step 10- After this you have to choose your bank account, after that you have to do Branch Search with IFSC code. Now you have to fill in your account number and click on Verify Bank. Now 1 rupee will be deposited in your bank account from the Grow App.
Step 11 – Then you need to take a photo and record a 5-second video.
Step 12- After this you have to click on the option of Save by doing your E-Sign. Now you have to click on Proceed then Aadhaar E-sign.
Step 13- The account opening form will appear, after which you need to click on Sign Up.
Step 14- After this you have to fill your Aadhaar card number and click on the option of Send OTP. Now an OTP will be sent to the mobile number registered by you on your Aadhaar card. You have to fill that OTP and click on the option of Verify OTP.
After OTP verification, Signed In Successfully will show. Now your Grow App account is ready. And you can trade using tthe Grow
How do I add money the Growww App?
Follow these simple steps to add money to Groww App:
First of all, you have to click on the option You.
Now you must click on Add Money in order to access your profile.
After this, you have to enter the amount you want to add and click on the option Add Money.
After this you can make payment using UPI, Net Banking, Bank Transfer or Enter UPI Id.
Your Groww App account will be credited with the amount.
With Groww App, you can easily trade stocks.
Groww App Customer Care Number?
The Groww App Customer Care Number +91-91088006604 is available from 9 am to 6 pm, Monday through Saturday.