Groww Stock Trading, Delay, Brokerage And Reviews 2021

By Author: finology ventures
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In today’s world, where each person wants to be as luxurious and lavish as celebrities, the regular income is not at all enough. People wish to buy all the luxuries and amenities as soon as possible. To fulfill their wishes they tend to boost the horizon of their earnings, which could give them a hope of more income with no further time investment.
In such a case, online trading platforms have come as a treatment to this problem. There is a long list of online trading platforms that provide services in investment and trading but one of the most valid and sensible applications is Groww app.
Yes, have you heard of this trading application?
Well, Groww is an online investment platform founded in India that mostly targets first-time investors and millennials. The headquarters of the groww app are located in Bangalore, it enables investors to open an account electronically and transact the same in mutual funds and stocks online. As in June 2018, Groww had partnered itself with the 34 mutual fund houses and around 5000 mutual funds were available on this platform. As of Sep 2020, with 8 million users, the company had raised about $59 million in venture capital.
As various investors first wish to have an overview of the platform they plan to invest in, so in this article we are going to give an extensive review of this discount broker who have been making big in the industry since the prior few years.

What are the ratings of the Groww app?

The following table shows the rating of the groww app from the different dimensions. Just have a look at the below table.

Features
Overall ratings 3.9/5
Fees 4.3/5
Brokerage 4.3/5
Usability 3.7/5
Customer Service 3.6/5
Research Capabilities 2.2/5

What are the brokerage charges under the groww app?

Let’s see what are the charges of the groww app in the year 2021, I.e, the current brokerages.
The Standard Brokerage Plan of groww app
Groww app follows a in which it charges minimal amount of a flat Rs 20 or 0.05% (whichever is lower) per order executed. The maximum brokerage chargeable per order is Rs 20 only.

Trading Segment Brokerage Charges
Equity Delivery Rs 20 per executed order or 0.05% whichever is
lower

Here, You are also compelled to pay other trade-union and regulatory charges as well as Demat charges in addition to the brokerage of the platform.
Other charges charged by Groww encompass auto square off charges that are only Rs 50.

What is groww app margin or exposure?

Groww leverage for intraday, delivery, options, commodities and currency.

Segment Margin
Equity Delivery 1x (no margin)
Equity Intraday Up to 8x (based on the stock)
Equity Future NA
Equity Option NA
Currency Future NA
Currency Options NA
Commodity Future NA
Commodity Options NA

What are the advantages and limitations of the groww app?

the groww app is one of the most strongly emerging platforms of trading in India which comes up with a long list of advantages for its users. But, one must understand that how huge a platform is, greater the risks as well. Yes, there are some limitations also that make it a bit riskier for the customers of groww app to invest through it. So, let's check turn by turn what these merit and demerits are?

Advantages :-
It comes up with a Simple pricing model.
Groww app is one of the cheapest discount brokers of India that comes with a brokerage charge of Rs 20 or 0.05% per executed trade, whichever is lower.
It also comes out with the zero Account opening fee.
Again, it charges zero Demat AMC Charges.
Instant paperless account opening facility could be prevailed in the groww app.
Online IPO application is also available.
It comes up with a Direct Mutual Funds platform that enables you earn an extra 1.5% returns.
It provides you with the option to invest online in digital gold.
E-books, Resources, and Blogs that give the basics and updates on the stock market to enable the investors to make an informed decision.

Disadvantages :-
One thing to note in groww app is that limited investment products with no option to currently trade in derivatives (futures & options), commodity, as well as currency segment.
Groww does not provide the facility of Call and Trade services. Yes, it means there are no calls for clearing your doubts.
Saddening thing about groww apps is that they do not provide you with the stock tips, research reports, or recommendations as well.
No branch support could be find in this trading platform.
No Margin trading facility is available in the groww app.
Here you will get no Margin against the shares.
Advanced order types like BO, CO, AMO, and GTT are not available and accessible in the application of this discount broker.
It also does not come with the offer of NRI Trading.

Wrapping words:
As per the scheme of the government of India, India is truly becoming Atmanirbhar day by day. A lot of Indian startups and ventures are taking place now and then in each possible field and, groww app is one such example only. This Indian application is definitely the one that is emerging swiftly and multiplying it’s customer base day by day.

Groww app is nothing but just an online platform that comes up with the facility of trading into the shares online on the most handy device, mobile phone. You could easily buy shares as well as sell those shares via the Groww app. As , the name suggests groww app gives you immense opportunity to grow and boost your career into the field of trading and investing.

But as it was discussed earlier, you have to very skillful as well as resilient while trying your luck into the the investment world or stock market. Only selecting such great platforms is not enough. You have to also make sure that you have done proper analysis of the market from your side and no one could fool you into this so called big game of gambling. So, just be patient and play accordingly.
Happy (and smart) investing !!