Groww Mutual Funds Review - Charges and SIP

 
 
 
 
 

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Groww Mutual Funds Review - Charges and SIP

Groww is an Indian SEBI registered online discount brokerage platform of India. As a member of NSE and BSE with 1+ crore clients all over the India, Groww is one of the fastest growing platform with commission free investment for customer. Incorporated in 2016 as a mutual fund investment platform and direct mutual fund plans made available in April, 2018. Investors can invest in Mutual funds through Groww app or website. Groww is one of the biggest mutual fund investment platform with more than 5000 mutual funds are available for investment through SIP or lumpsum mode.
Groww offers mutual fund explorer with information including past performance of stocks and educational content on investment. This firm is advancing their services day by day. ‘Mutual Funds Sahi Hai’ is one of the awareness program to increase the popularity and also to remove the doubt of investment in Mutual funds. Result of this, people are now understanding the benefits of investing in mutual fund. Most important and profitable thing for customers is Groww charges nothing in investing or redemption of mutual funds.

Groww Mutual Fund 

Investors can earn 1.5% extra returns on their investment by investing in mutual funds through Groww. Groww charges Rs.0 brokerage on investment and redemption of mutual fund with zero transaction fees. Direct Mutual fund is provided by Groww as Direct mutual has no AMC charges. But in case of regular mutual fund, AMC charges exists.


Groww Mutual Fund Charges 

Details

Charges

Groww Account Opening Charges

Nil

Groww Mutual Fund AMC Fees

Nil

Groww Mutual Fund Brokerages

Nil

Groww Mutual Fund Commission

Nil

Groww Mutual Fund DP Charges

Nil

Apart from this, there is no hidden charges taken by Groww in Direct Mutual FundInvestments. Transparency and honesty are the key qualities of Groww.

Benefits of Mutual Fund om Groww

• Mutual fund is one of the best ways for long term investments.
• Mutual fund scheme has high liquidity as you can take your money back any time from the particular mutual fund investment.
• There are number of mutual fund schemes or plan to choose so that you can choose the one that suits you best.
• As per SEBI regulations, there should be full transparency in any type of mutual fund investment.
• Mutual funds are more tax efficient than traditional investment.
• Mutual funds offer instant diversification.
• Professional management.

Groww Mutual Fund Account

To invest in Mutual Fund on Groww, you need a Groww Account. As account opening is totally free on Groww, one can easily open an account on Groww.

Following documents required to open an account with Groww:

• PAN card
• Aadhar card
• Cancel cheque
• Passport size photograph
• Scan copy of Signature

How to Open Groww Mutual Fund Account?

• Open Google Play store or App store and download Groww app or simply login through Groww website.
• Enter your email id and set secure password.
• Verify your registered mobile number.
• Verify your pan card details.
• Fill your personal details like gender, date of birth, marital status and residence address.
• Enter KYC details like parent’s name, occupation and income.
• Select your mutual fund nominee (Optional).
• Upload clear picture of address proof, pan card and passport size photo.
• Upload digital signature to complete the account opening process.

Groww Mutual Fund App

Groww customers can invest in Mutual funds through Groww Trading Software i.e., Groww – web and Groww Mobile App. All Groww account holders can access both the trading software for free.
Groww Web is a web-based trading software. One can access it of their desktop browser and mobile browser as well.
Groww Mobile App is a mobile based application. One can easily download Groww mobile app from Google play store or Apple Store.

Key features of Groww Trading software:

• Ultra-fast.
• Safe and secure
• Contains many online calculators.
• Customers can access financial reports of all Listed Indian Companies.
• Customers get resources and eBooks related to Basics of Investments.
• Many educational blogs for customers are available.
• One can easily invest in Digital Gold.
• Customers can compare different stocks and mutual funds before making any investment decision.
• One can easily shift from regular mutual funds to direct mutual fund without any charges.
• Direct Mutual fund helps you earn more than 1.5% of extra return than regular mutual fund.
• More than 5000 mutual funds are available.
• Customers can invest in Equity stocks and mutual funds with this app.

Groww Mutual Fund Cut off timings

Groww Mutual fund cut off timings totally depends upon the various factors i.e., type of funds, value etc. Cut off timings of different stocks are given below:

Type of Fund

Buy/ Sell

Cut-off time

Liquid and Overnight Funds

Buy

12:55 PM

Sell

3:00 PM

Rest other funds of more than 2 lakhs

Buy

2:25 PM

Sell

3:00 PM

 Rest other funds of less than 2 lakhs

Buy

3:00 PM

Groww New Fund Offer (NFO)

Similar to the concept of Initial Public Offering (IPO), any broker or asset management company launching a new mutual fund can raise capital for the same by announcing a New Fund Offer (NFO). Investors can invest in any New Fund Offering (NFO) on Groww. Subscription price generally set at Rs.10 per unit, investors can purchase units of open-ended and close-ended mutual fund at subscription price.
As per the SEBI guidelines, NFO can remain active in the market for maximum of 30 days after that such mutual funds are traded in the market based on their corresponding Net Asset Value (NAV). You need a Groww account and you can easily invest in NFO in just 1 click.

Groww Mutual Fund Calculator

Groww is dedicated to provide every best technology to make things easy for investment. There are many in-built calculators available in Groww App and web for mutual fund investment that help you to analyse your fund requirements, returns, and final amount on your investment.


SIP Calculator

SIP Calculator is a tool through which you can easily calculate the amount you need to invest and get a rough estimate (excluding exit load/expense ratio applicable if any) on the maturity amount of your monthly SIP investment.


Lumpsum calculator

Lump sum calculator help you to make the best plans for your finances based on the estimated returns for the whole period on one-time lump sum investment that may achieve your financial goals.


SWP Calculator

SWP stands for systematic withdrawal plan and mostly used by retirees and senior citizens. Groww SWP is a type of mutual fund calculator under which, if you invest lump sum in a mutual fund, you can set an amount to withdraw regularly and the frequency at which you will draw.


Mutual Fund Return Calculator

With the help of Mutual Fund Return Calculator, you can calculate the expected return or profit from a particular mutual fund.

Groww Mutual Fund Customer Care Details

Groww has number of Frequently asked questions (FAQs) listed on their website. If any of your is outside of those FAQs, you can contact customer care through Groww official website or Groww mobile app.
Or else, you can call on the Groww customer care number (+91-9108800604).



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, 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.
It offers 24-karat gold of 99.90% purity.
Auto square time of all intraday positions is at 3.10 pm.

Groww Reviews