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Product Details
Brokerage and Fees
  • Mutual Fund Investment Charges: INR 0.

  • Commission: INR 0.

  • Account Opening Charges: INR 0. 

Account Opening Fees


  • Be an Indian citizen. Be above 18 years of age. Have a bank account with an IFSC code.

Annual Fees


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Groww Mutual Fund Investment App Review

Special Features
  • Curated mutual fund collections: Groww goes beyond just providing a wide range of options. They curate collections of mutual funds based on various themes, investment goals, and risk profiles.

  • Limited research tools: While Groww offers some basic research tools, in-depth analysis might require using external resources before making investment decisions.

  • Direct mutual funds: Groww exclusively focuses on direct mutual funds, ensuring you benefit from lower expense ratios.

  • Wide range of options: They offer a vast selection of over 5,000 mutual funds from various Asset Management Companies (AMCs), catering to diverse investment goals and risk tolerances.

  • User-friendly platform: Groww's platform is known for its intuitive design, making it easy to navigate, research (to some extent), and invest in direct mutual funds.

  • Investment education: Groww provides educational resources and tools to help investors understand mutual funds and make informed decisions.

  • SIP (Systematic Investment Plan): The platform allows setting up SIPs, facilitating disciplined and potentially cost-averaged investments.

  • Free account opening: There are no charges for opening a demat account with Groww.

Pros and Cons
How to Apply?

You can open a Groww account online through their website or mobile app. Here's the general process:

  1. Visit the Groww Website or Download the App: Go to the Groww website ( or download the Groww app from your app store.

  2. Sign Up: Click on the "Open Demat Account" option and provide your email ID and mobile number for registration.

  3. Verify Mobile Number: You will receive an OTP on your registered mobile number for verification.

  4. PAN Verification: Enter your PAN details and date of birth for verification.

  5. Personal Details: Provide your personal information like name, address, etc., and link your bank account details.

  6. Complete KYC: Upload scanned copies of the required documents for KYC verification (PAN Card, Aadhaar Card, etc.).

  7. E-sign the Application: Review and e-sign the account opening form.

  8. Verification: Wait for Groww to verify your details and documents.

Once your application is approved, your Groww account will be activated, and you can start investing.

Documents Required

Aadhaar and PAN for online account opening.

Account Opening and Procedures
Groww Mutual Funds Investment App Review

Groww can be an excellent platform for investors seeking a user-friendly experience with a focus on commission-free direct mutual funds, a vast selection of options, and educational resources. The curated collections are a valuable feature, especially for beginners. However, be aware of the limitations in terms of research tools.

Abhijeet Saxena

Abhijeet Saxena

Abhijeet Saxena

Nalsar University of Law

Ex- Senior Associate, Shardul Amarchand Mangaldas, Delhi

Ex - Khaitan & Co. Bengaluru,

Ex - National Stock Exchange, Mumbai,

Ex - Argus Partners, Mumbai

Product Review
Recommedation For Stock Market Investment

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