Groww Review 2026: Is Groww the Best Investment & Trading App in India?
If you’re searching for the best Demat account in India, the best stock market app, or an easy platform to start investing in stocks and mutual funds, you’ve probably heard about Groww.
Groww has become one of India’s major investment and trading platforms, offering products such as:
- Stocks
- Mutual Funds
- SIPs
- ETFs
- IPOs
- Futures & Options
- MTF
- Commodities
- Bonds and other investment products
Groww currently advertises ₹0 account-opening charges and ₹0 annual maintenance charges (AMC) for its Demat account. It also provides paperless digital onboarding.
But is Groww really worth using?
Is Groww good for beginners?
What are Groww’s brokerage charges?
Is Groww free?
Should you use Groww for stocks, SIPs, mutual funds and IPOs?
And what about the Groww referral offer?
Let’s review Groww honestly.
🚀 What Is Groww?
Groww is an Indian investment and stock-trading platform that allows users to invest and trade through a digital account.
The platform offers access to:
📈 Stocks
Buy and sell listed Indian stocks and track your portfolio.
💰 Mutual Funds
Invest in direct mutual funds through SIP or lump-sum investments.
🏦 IPOs
Track and apply for eligible initial public offerings.
📊 ETFs
Invest in exchange-traded funds across different categories.
⚡ Intraday Trading
Trade eligible stocks during market hours.
📉 Futures & Options
Groww also provides F&O trading facilities, although derivatives are significantly more complex and risky than long-term investing.
💳 MTF
Margin Trading Facility allows eligible users to buy selected stocks by paying part of the purchase value while Groww funds the remaining amount, subject to interest and other charges.
🎁 Groww Referral Offer – Open Your Free Demat Account
The promotional message provided for this article says:
“Hey! Ready to start your investment journey? I use Groww for all my investing and trading needs. You can open a free demat account today using my referral code: MTF24X.”
Your referral code is:
MTF24X
And you can use the referral link below:
🚀 🔥 OPEN FREE GROWW DEMAT ACCOUNT – JOIN NOW
Groww currently advertises ₹0 account-opening charges and ₹0 AMC for its Demat account. However, trading and transaction-related charges can still apply depending on what you buy or sell.
Important:
A free Demat account does not mean all investing and trading is free.
Brokerage, DP charges, GST, STT, exchange charges, SEBI charges and other applicable costs may apply depending on the transaction.
💳 What Is a Groww Demat Account?
A Demat account stores your securities electronically.
If you want to buy and hold shares in India, a Demat account is generally required along with a trading account.
Groww provides online account opening with digital KYC.
Its current account-opening page says:
- ₹0 account opening
- ₹0 AMC
- Paperless KYC
- Digital onboarding
- Access to stocks and other investment products
Groww also states that it is a SEBI-registered stockbroker and uses CDSL as its depository.
💰 Is Groww Demat Account Really Free?
Yes, account opening is currently ₹0.
Groww’s official account-opening page currently shows:
Account Opening Fee: ₹0
Annual Maintenance Charge: ₹0
This makes Groww attractive for beginners who don’t want to pay a separate account-opening or annual maintenance fee.
But remember:
Free account ≠ zero-cost trading.
Once you actually buy or sell investments, applicable charges can arise.
📊 Groww Brokerage Charges 2026
This is one of the most important parts of this review.
For equity trading, Groww currently states that brokerage is generally:
₹20 or 0.1% of trade value per executed order, whichever is lower
with a minimum brokerage condition of ₹5 as applicable.
Additional statutory and regulatory charges can apply.
These may include:
- STT
- Exchange transaction charges
- SEBI turnover charges
- Stamp duty
- GST
- DP charges when selling stocks
- Other applicable charges
Therefore, don’t assume that paying ₹20 brokerage means ₹20 is your total cost.
💸 Groww DP Charges
Another important charge for stock investors is the Depository Participant (DP) charge.
When you sell shares from your Demat account, DP charges can apply.
Groww currently lists:
For sale value ₹100 or more:
Male investors: ₹20 + GST
Female investors: ₹19.75 + GST
For sale values below ₹100, Groww says its own fee is waived, leaving the applicable depository charge.
This is an important cost to understand if you frequently buy and sell stocks.
📈 Groww for Stock Market Investing
Groww is designed to make stock investing relatively simple.
You can:
- Search stocks
- View price charts
- Analyse companies
- Place buy/sell orders
- Track portfolio performance
- Monitor P&L
- View market information
- Participate in IPOs
- Invest in ETFs
Groww’s current stock platform also offers advanced charts, stock screeners and portfolio tracking features.
💰 Groww for Mutual Funds
If you’re more interested in long-term investing rather than daily trading, Groww can also be used for mutual funds.
The platform offers direct mutual funds, including:
- Equity funds
- Debt funds
- Hybrid funds
- Index funds
- Tax-saving funds
- Other mutual-fund categories
You can invest through:
SIP
or
Lump-Sum Investment
Groww says its platform supports direct mutual funds with zero charges for investing through SIP and lump-sum routes.
However, remember that mutual funds themselves can have expense ratios and other fund-level costs. Those are different from Groww’s platform charges.
🔄 Groww SIP – Is It Good for Beginners?
One of the simplest ways to start long-term investing is through a Systematic Investment Plan (SIP).
Instead of investing a large amount at once, you invest a fixed amount periodically.
For example:
₹500/month
₹1,000/month
₹2,000/month
or more.
Groww supports SIP investing and currently promotes starting SIPs with amounts as low as ₹500 on its platform.
But remember:
SIP does not guarantee profits.
The value of mutual-fund investments can rise or fall according to market performance.
🏦 Groww IPO Investment
Groww also allows users to track and participate in eligible IPOs.
This can be useful if you’re interested in new companies entering the stock market.
However, applying for an IPO doesn’t guarantee allotment.
You may apply successfully but still receive:
No allotment
because IPO allotments depend on the issue structure, demand and applicable allocation rules.
⚡ Groww Intraday Trading
Groww also provides intraday trading facilities.
Intraday means buying and selling a stock within the same trading session.
This is significantly more active than long-term investing.
Groww currently lists equity intraday brokerage at the lower of ₹20 or 0.1% per order, subject to its minimum-brokerage conditions and other statutory charges.
Beginner warning:
Don’t start intraday trading simply because someone says you can make quick money.
Intraday trading can produce losses quickly.
You need proper risk management and an understanding of market volatility.
📉 Groww Futures & Options (F&O)
Groww also provides Futures & Options trading.
Its current pricing page lists:
₹20 per executed F&O order
along with applicable regulatory, exchange and statutory charges.
F&O is not the same as normal long-term stock investing.
It involves substantially higher complexity and risk.
Beginners should not enter F&O simply because brokerage looks inexpensive.
Learn the product, leverage, margin, risk and potential losses before trading derivatives.
💳 Groww MTF – Margin Trading Facility
Groww’s Margin Trading Facility (MTF) allows eligible users to buy certain stocks by paying only a portion of the purchase value upfront.
Groww currently advertises up to 4X buying power for eligible MTF stocks, with the investor potentially paying as little as 25% upfront depending on the stock and applicable margin requirement.
But there is an important cost:
MTF Interest: 14.95% per annum
Groww currently lists an interest rate of 0.041% per day / 14.95% p.a. on the funded amount. Brokerage and pledge/unpledge charges can also apply.
⚠️ MTF Is Not Free Money
Leverage can increase your potential gains, but it can also increase losses.
If you’re a beginner, understand MTF thoroughly before using it.
📱 Groww App Features
The Groww app focuses heavily on making investing accessible from a smartphone.
Some useful features include:
📊 Portfolio Tracking
Track your holdings and investment performance.
📈 Advanced Charts
Analyse price movements using charts and indicators.
🔎 Stock Screener
Search and filter stocks based on various criteria.
💰 SIP Investment
Set up systematic mutual-fund investments.
🏦 IPO Tracking
View upcoming and ongoing IPO opportunities.
📉 F&O Terminal
Groww provides a dedicated interface for derivatives trading.
🧮 Calculators
Groww also provides tools such as:
- SIP calculator
- Brokerage calculator
- Margin calculator
These can help investors estimate potential costs and investment scenarios.
🔐 Is Groww Safe?
Groww states that it uses security measures such as encryption and multi-factor authentication for account access and transactions.
It also states that Groww is a SEBI-registered stockbroker with CDSL as its depository.
However, there’s an important distinction:
A regulated platform does NOT mean your investments are guaranteed to make money.
Stock-market and mutual-fund investments carry market risk.
Groww itself states that it does not guarantee fixed returns on invested capital.
So:
Platform safety ≠ investment return guarantee.
🟢 Groww Pros
✅ ₹0 Account Opening
Currently no account-opening fee is advertised.
✅ ₹0 AMC
Groww currently advertises zero annual maintenance charges for its Demat account.
✅ Beginner-Friendly Interface
The platform is designed to make investing relatively simple.
✅ Stocks + Mutual Funds
You can use the same platform for multiple investment products.
✅ SIP Facility
Useful for investors interested in disciplined long-term investing.
✅ IPO Access
You can track and apply for eligible IPOs.
✅ ETFs
You can diversify beyond individual stocks.
✅ F&O & MTF
Advanced users get access to additional trading products.
✅ Online KYC
Account opening can be completed digitally without visiting a branch.
🔴 Groww Cons
❌ Brokerage Still Applies
A free Demat account doesn’t mean every trade is free.
❌ DP Charges on Stock Sales
Selling shares can attract DP charges.
❌ Additional Government/Regulatory Charges
STT, GST, exchange charges and other statutory charges can apply.
❌ MTF Has Interest
Margin trading is not free and currently carries a 14.95% p.a. interest rate on the funded amount.
❌ F&O Is High Risk
Low brokerage does not make derivatives low risk.
❌ Investments Can Lose Money
Groww cannot guarantee investment returns.
🆚 Groww vs Traditional Bank Demat Account
For beginners, Groww can be attractive because of its:
₹0 account opening
₹0 AMC
Online KYC
Mobile-first interface
Stocks + mutual funds + IPOs
A traditional bank Demat account may offer broader banking integration, but charges and features depend on the bank and account type.
Therefore, the better option depends on what you need.
🆚 Groww vs Angel One
If you’re comparing Groww with another popular discount broker, Angel One is an obvious comparison.
Groww
Strong for:
- Beginner-friendly investing
- Mutual funds
- SIP
- Stocks
- IPOs
- Simple interface
Angel One
Strong for:
- Stocks
- Intraday
- F&O
- Trading tools
- Investment + trading ecosystem
If you want a detailed Angel One breakdown, read:
Angel One Review 2026: Is Angel One Safe and the Best Trading App in India?
🎯 Who Should Use Groww?
Groww may be particularly suitable for:
👨🎓 Beginners
People opening their first Demat account.
💰 SIP Investors
People who want to start systematic mutual-fund investing.
📈 Long-Term Investors
People interested in building a portfolio of stocks and ETFs.
🏦 IPO Investors
People who regularly track IPO opportunities.
📱 Mobile Investors
People who prefer managing investments through an app.
📊 Beginner Traders
Users who want access to stocks and trading features in one platform.
❌ Who Should Be Careful With Groww?
You should be particularly cautious if you’re:
- Looking for guaranteed returns
- Borrowing money to invest
- Planning to use MTF without understanding leverage
- Trading F&O without experience
- Buying stocks based purely on social-media tips
- Investing emergency funds
- Expecting quick profits
Remember:
Groww provides the platform. You are responsible for your investment decisions.
💡 Groww Investment Strategy for Beginners
If you’re completely new to investing, don’t start with F&O or MTF.
A more conservative learning path could be:
Step 1
Open your Demat account.
Step 2
Understand how stocks and mutual funds work.
Step 3
Learn about risk and diversification.
Step 4
Start with an amount you can afford to invest.
Step 5
Consider learning about long-term investing and SIPs.
Step 6
Track your portfolio regularly.
Step 7
Only explore intraday, F&O or MTF after understanding their risks.
This is an educational approach, not personalized investment advice.
🚀 How to Open a Groww Demat Account
The basic process is straightforward.
1️⃣ Click the Groww Referral Link
2️⃣ Enter Your Details
Use your correct personal information.
3️⃣ Complete KYC
Follow Groww’s digital KYC process.
4️⃣ Submit Required Documents
Groww currently lists PAN and an accepted identity/address document among the required documents.
5️⃣ Wait for Account Activation
Groww advertises paperless and fast digital onboarding.
6️⃣ Start Investing
Once your account is active, you can explore stocks, mutual funds, ETFs, IPOs and other available products.
🔥 Ready to Start Your Investment Journey?
The referral promotion provided for this article says:
“I use Groww for all my investing and trading needs. You can open a free demat account today using my referral code: MTF24X.”
🚀 🔥 OPEN FREE GROWW DEMAT ACCOUNT – APPLY NOW
Referral Code: MTF24X
Check the latest referral benefits and terms displayed during the Groww onboarding process before completing your application.
🏆 Final Verdict: Is Groww Worth It in 2026?
⭐ My Rating: 4.5/5
Groww is a strong option for beginners and everyday investors who want stocks, mutual funds, SIPs, ETFs and IPOs in one mobile-first platform.
Its biggest advantages are:
✔️ ₹0 account opening
✔️ ₹0 AMC currently advertised
✔️ Easy digital KYC
✔️ Stocks
✔️ Mutual Funds
✔️ SIP
✔️ IPOs
✔️ ETFs
✔️ F&O
✔️ MTF
✔️ Portfolio tracking
✔️ Investment calculators
But the important thing to understand is:
Free Demat does NOT mean free investing.
Brokerage, DP charges, taxes and statutory charges can apply depending on your transactions.
And products such as F&O and MTF involve substantially higher risk than straightforward long-term investing.
My verdict:
For beginners → Groww is worth considering.
For SIP & mutual funds → Very useful.
For stock investing → Strong option.
For F&O → Only if you understand derivatives.
For MTF → Use caution because interest and leverage increase risk.
💥 Open Your Groww Account Today
If you want to start your investment journey, you can use the referral link and referral code provided for this article.
👉 🚀 OPEN FREE GROWW DEMAT ACCOUNT – JOIN NOW
Referral Code: MTF24X
Groww currently advertises ₹0 account opening and ₹0 AMC, but always check the latest pricing and offer terms before opening your account.
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📈 Angel One Review 2026
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Angel One Review 2026: Is Angel One Safe and the Best Trading App in India?
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❓ Frequently Asked Questions
Is Groww Demat account free?
Yes. Groww currently advertises ₹0 account-opening charges and ₹0 annual maintenance charges for its Demat account.
What is the Groww referral code?
The referral code provided for this article is:
MTF24X
You can also use the referral link:
Referral benefits, if any, depend on the current Groww campaign and eligibility.
What is Groww brokerage?
For equity trading, Groww currently states that brokerage is generally the lower of ₹20 or 0.1% of trade value per executed order, with applicable minimum-brokerage conditions. Additional statutory and regulatory charges can apply.
Does Groww charge AMC?
Groww currently advertises ₹0 annual maintenance charges for its Demat account.
Is Groww good for beginners?
Yes, Groww can be a suitable platform for beginners because of its simple interface, online account opening, stocks, mutual funds, SIPs and other investment options.
However, beginners should understand the risks of market investing before putting money into stocks.
Can I invest in mutual funds through Groww?
Yes. Groww offers direct mutual funds and supports SIP and lump-sum investments.
Can I buy IPOs through Groww?
Yes. Groww provides IPO tracking and application functionality for eligible IPOs. IPO allotment is not guaranteed.
Does Groww support F&O?
Yes. Groww provides Futures & Options trading, with current pricing showing ₹20 per executed F&O order plus applicable statutory and regulatory charges.
What is Groww MTF?
MTF stands for Margin Trading Facility. It allows eligible users to purchase certain stocks by paying part of the order value while Groww funds the remaining amount.
Groww currently lists MTF interest at 14.95% per annum on the funded amount.
Is Groww MTF interest-free?
No. Groww currently lists an MTF interest rate of 14.95% per annum / 0.041% per day on the funded amount.
Is Groww safe?
Groww states that it is a SEBI-registered stockbroker and uses CDSL as its depository. It also describes security measures such as encryption and multi-factor authentication.
However, platform regulation does not guarantee investment returns.
Can I earn guaranteed returns with Groww?
No. Groww does not guarantee fixed returns on investments. Stocks and mutual funds are subject to market risk.
Is Groww better than Angel One?
It depends on your needs. Groww is particularly attractive for beginner-friendly investing, mutual funds and SIPs, while Angel One is also strong for active trading and broader trading tools.
Compare both before deciding.
⚠️ Important Investment Disclaimer
This article is for educational and informational purposes only and should not be considered financial or investment advice.
Stock-market investments, mutual funds, ETFs, IPOs, F&O and MTF involve varying levels of risk.
You can lose money.
Never invest money you cannot afford to lose, and don’t borrow money simply to invest.
Before investing or trading, review the latest Groww charges, product terms, risk disclosures and applicable regulatory information.
Affiliate / Referral Disclosure
This article contains a Groww referral link and referral code supplied for promotional purposes.
If you open an account through the referral link and meet applicable referral conditions, the referrer may receive a referral benefit.
The referral code provided is:
MTF24X
Referral benefits, eligibility and promotional terms can change. Check the current Groww offer during account opening.
🎯 Bottom Line
Groww is one of the strongest options to consider if you want a beginner-friendly platform for stocks, mutual funds, SIPs, ETFs and IPOs.
Its ₹0 account opening and ₹0 AMC currently make it especially attractive for beginners.
But don’t confuse a free Demat account with free trading.
👉 🔥 OPEN YOUR FREE GROWW DEMAT ACCOUNT NOW
Referral Code: MTF24X
Start investing only after understanding the risks, charges and products you’re using.