Groww Faqs 2024 | Question bank and Details
Groww Account Opening Enquiry
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Frequently Asked Questions
Yes, Groww offers to invest in the US stocks, you need to open a overseas account on Groww. This is the outstanding facility provided by Groww.
As you’re younger than the maturity age (18 or 21), you need to open a custodial account, with an adult as the custodian. As Pan card is must to open your demat and trading account.
No, it is not necessary to have a demat account to invest in mutual fund but to invest in stocks, you should have demat or trading account.
Groww is a very safe platform in which personal information is stored using 256-bit encryption. This platform offers a wide range of affordable products.
Yes, investing in Equity Linked Saving Scheme (ELSS) through SIP enables you to claim a deduction of Rs. 1.5 lakh from your taxable income under Section 80(C) of the Income Tax Act, 1961.
Yes, it will take 4-5 business days for the whole process to transfer your shares from old demat account to new account and existing broker will charge something to transfer your shares to new broker.
Customer’s demat account on Groww is registered with CDSL. So we can say that Groww is the CDSL participant.
To invest in digital gold on Groww, you should be a resident Indian with verified KYC.
Customer can buy digital gold as low as Rs. 10 and you can buy digital gold worth Rs. 1.7 lakh in your first order after that for all subsequent purchases, there is no such restrictions.
There are 4 types of mutual fund.
• Equity (Stocks)
• Fixed income (Bonds)
• Money market funds (Short term debt)
• Both stocks and bonds (Balanced or hybrid funds)
Blue chip mutual fund is the one that invests in well established companies with excellent overall experience known as blue chip stocks or shares.
Yes, Groww is a safe and secure broker, and it's SEBI registered Broker.
Yes, customer can open many demat and trading account with different brokers but you can hold only one account with one broker.
Yes, you can invest in Groww upcoming IPOs in realtime.
Yes, Groww provides you with the best intraday options trading at a low price.
It offers 24-karat gold of 99.90% purity.
Auto square time of all intraday positions is at 3.10 pm.
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