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Groww: Stocks Mutual Fund 16.54

Free Investing made easier
4 
Latest version:
16.54 See all
Developer: No Other Developer
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Investing made easier

Groww: Stocks & Mutual Fundis a freefinanceapp that makesinvestingeasier and more accessible. It allows users to invest inmutual funds, Indian stocks, IPOs, and F&O from the comfort of their homes. Secured and quickUPI paymentscan also be made within the app.

Groww: Stocks & Mutual Fund offers apaperless onboardingprocess and enjoys investing through SIP or lump sum at no commission. Additionally, existing investors can switch from regular investment plans to direct mutual fundsthrough the app. It provides live share prices, technical charts, andNSE Nifty 50andBSE Sensexindicators.

Invest without the hassle

With Groww: Stocks & Mutual Fund, you can easily sign up for an account and do aKYCwithin the app, making account opening a breeze. The service is registered with SEBI, RBI, and AMFI so you can be sure your funds are secured. In the app, you canbuy and sell shares, as well astrade futuresand options, and stock derivatives.

It also features easy-to-usetechnical analysis toolsusing advanced charts and a stock screener. The app provides live Nifty and NSE Option Chain Price Charts, available in line and candlestick charts that show share price movements, market indices, and historical performance for a seamless monitoring process. Additionally, the service offers personal loans to select users, with repayment periods ranging from two to 60 months.

The Groww Pay feature also allows users to send money to friends, pay merchants or manage their UPI accounts. Aside from all these great features, there still remains an unfortunate snag in the service, which happens to be within its personal loans, coming in with an annual percentage rate of12% to 24%, aside from other service fees, whichcan be very heftyonce they start piling up.

Great for investments, not so much as a loaning service

Groww: Stocks & Mutual Fund simplifies account opening through a one-time KYC done in-app. Registered with SEBI, RBI, and AMFI, users can securely trade shares, futures, options, and stock derivatives with advanced technical analysis tools. There's also Groww Pay for fast and secure UPI payments. However, its personal loans come with atrocious APRs, so you're better off with dedicated loaning services with lower interest rates if you need emergency funds.

Review summary

Pros

  • Makes investing in stocks more accessible
  • Safe and secure trading processes

Cons

  • Loan service offers exorbitant charges

Comments

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