What is Groww App? If you watch online videos or use social media, then you must have heard the name of Groww app. In the present time, we get to see its advertisement a lot, but do you know what is the Groww app and with the help of this, how can you trade or invest in the share market as well as invest in mutual funds?
In today’s post, we will discuss about grow app in detail. So without wasting time let’s move on to the post.
Grow is a mobile application in which you can invest in mutual funds directly by creating your account. At present, you can open your Demat account in Groww app and trade in the share market. In this, you can invest in Stocks, Mutual Funds, Fixed deposits, Gold.
Also in this app you can earn money by trading in option and future. In simple language, groww is only a stock broker, it provides the facility to invest in the stock market. Along with this, investing in mutual funds has become very easy with the help of this app, for this we do not need any broker. By creating an account in this, you can invest direct in mutual funds of your choice, without any additional charges.
You can either use its app or its official website. The interface of both is simple, any person can easily use its website and app.
Which is best, Groww App or Website?
It is easy to open an account in the Groww app click here. You can also open your account in it using its mobile app or website. Before the process of opening the account, click the photo of the above-mentioned document and keep it on your mobile or computer.
The process of opening an account in both the app or website is the same, so follow the steps given below correctly.
After opening click on sign up button.
- First of all, download the Groww app or open the official website of Groww on your computer.
- To sign up easily, click on continue with Google.
- Now select your personal Gmail account.
- Now you will have to verify your mobile number. For this, an OTP is sent to your number. Verify your phone number by filling that OTP.
- Now you will be redirected to the next page where you will have to fill in your PAN details.
After this you will be asked to fill your personal details
After filling till here, you will be sent to the next page where you have to fill your bank details correctly.
Now you will be asked to upload your passport size photo.
Even after completing, you will have to record a 5 second video which is done for verification purpose.
Now you have to upload the above mentioned documents.
After that you enter your Aadhar number and submit it.
An OTP will be sent to your phone number, fill it and verify your Aadhaar.
After following all these steps correctly, your process is complete.
After all the process is over, your account gets opened in grow within about 24 hours.
groww app review
Advantage of Groww App.
If we talk about the benefits of groww app, then it has some good advantages which really helps us a lot in investing.
Invest in direct mutual funds, earlier we needed a broker to invest in mutual funds, but with the help of growth, investing in mutual funds has become very easy. Nor is there any problem, whenever you want to invest money in mutual funds and whenever you want to withdraw money.
Buying stocks, now in groww we can also invest by buying all stock. It is very easy to buy its shares or stocks. In addition, the brokerage fee is also low in this. That is why if you want to do trading then groww can be a good option.
In this, you can keep an eye on mutual funds and stocks and find out which stock or mutual fund gives good returns.Its maintenance charge is also less than the rest.
Disadvantages of Groww App
If you are a full time trader and do intraday trading then this app will not be right for you. It is specially designed for the investors who want to keep their money invested for a long time. Also its intraday service is not as good as it is needed in intraday trading.
How to add money in Groww account
It is very easy to add money to it. To add money in grow account, follow the steps given below.
First of all login to groww’s website or open the mobile app.
By clicking on the wallet icon next to it.
Here you will be shown how much money is in your account.
Also you will get the option to deposit and withdraw.
To add money, click on deposit and if you want to withdraw, click on withdrawal.
Now fill how much money you want to add
Then click on deposit money.
Now you can make payment through UPI or Net Banking.
Remember, you have to make payment from the same bank whose details you gave while creating the account in groww.
After the payment is done immediately the money gets added to your groww account.
My opinion on Groww App
grow is a good app for the person who wants to increase his savings by investing his money. Or for those who want to invest in mutual funds, now the best company is to grow. Also, it is very easy to use, any person can easily use it. According to me this app is the best app for investing in mutual funds.
Hope you know what is the Groww app from the medium of this post? And you must have got detailed information about how to earn money from this. If you still have any question related to Groww app then don’t forget to ask us by commenting. Also do share this post with your friends.