Groww began in 2016 as a mutual fund-first investing app, targeting millennials who wanted a simple and transparent way to start SIPs. Over the years, it has expanded into stocks, derivatives, IPOs, and digital gold, making it a full-service investing platform.
But does Groww’s MF-first still make sense now that it competes with brokers like Zerodha, Upstox, and Angel One? Let’s break down Groww’s features, charges, pros & cons, and whether it’s right for you in 2025.
Groww Account Opening (2025 Update)
- Eligibility: Aadhaar, PAN, bank account, mobile linked to Aadhaar.
- Charges: ₹0 account opening, ₹0 AMC.
- Time Taken: Instant account opening via DigiLocker.
- Special USP: Beginners can start with ₹100 SIPs directly from UPI.
Groww Pricing & Brokerage
Groww markets itself as a low-cost broker, though not always the cheapest compared to Zerodha.
| Segment | Brokerage Charges |
|---|---|
| Equity Delivery | ₹20 or 0.05% per order (whichever lower) |
| Equity Intraday | ₹20 or 0.05% per order (whichever lower) |
| F&O (Equity, Currency) | ₹20 per executed order |
| Account Opening & AMC | Free |
| Mutual Funds | ₹0 Commission (Direct Plans) |
Features of Groww App
- MF-first Experience: Still the easiest app for SIP setup & fund discovery.
- Stocks & IPOs: Simple UI for beginners; order types limited compared to Zerodha.
- Derivatives: Added in 2022–23; functional but not pro-level.
- Digital Gold: Option for small-ticket gold investing.
- Reports: Basic portfolio tracking, but not as detailed as Zerodha Console.
- UI/UX: Clean, beginner-friendly design with minimal jargon.
Groww vs MF-First
Groww’s strength remains mutual funds. Its fund screeners, SIP calculators, and category-wise rankings are intuitive. However, serious stock and F&O traders may feel limited due to lack of:
- Depth in charting tools.
- Advanced order types (BO/CO).
- Rich tax reports.
Pros & Cons of Groww (2025)
Quick snapshot: MF-first strengths vs. stock trading trade-offs.
Pros of Groww
- MF-First Simplicity: Best-in-class SIP setup, fund discovery & direct plans at ₹0 commission.
- ₹0 Setup & AMC: Free account opening and no annual maintenance charge.
- Beginner-Friendly UI: Clean screens, minimal jargon, UPI-native flows.
- All-in-One App: Mutual funds, stocks, F&O, IPOs & digital gold under one login.
- Fast Onboarding: DigiLocker eKYC; SIPs can start from ₹100.
Cons of Groww
- Trader Features Limited: Fewer advanced order types; charting is basic.
- Brokerage vs Peers: 0.05%/₹20 per order can be costlier than flat ₹20 brokers.
- Reports/Tax: Portfolio analytics and tax reports are relatively basic.
- No RM / Call & Trade: Digital-only support; limited hand-holding.
- Pro Traders May Outgrow: Heavy F&O users may prefer more advanced platforms.
Who Should Use Groww in 2025?
- Best For: Mutual fund investors, SIP beginners, long-term investors who want a clutter-free app.
- Not Ideal For: Day traders, F&O heavy users, or those seeking advanced charting.
Groww is perfect for MF-first investors who want simplicity and zero hidden costs. But if you are a trader looking for advanced platforms, Zerodha or Upstox may serve you better.
Ready to Start Your Investing Journey?
Groww makes it simple to begin with SIPs, mutual funds, and stock investing. Use eBharat Tools alongside to compare brokers, plan SIPs, and track gold vs SGB returns.
