Groww is a popular investment and trading platform that enables individuals to invest in mutual funds, stocks, and other financial products. The app has gained popularity due to its user-friendly interface, low fees, and seamless investment process. However, many users are concerned about the legality of the platform and whether it is registered with SEBI (Securities and Exchange Board of India). Another concern is whether “ Groww is safe or fake”.

As per SEBI regulations, any investment intermediary that offers financial services to investors must be registered with SEBI. This ensures that the intermediary operates within the framework of the law and adheres to the regulatory guidelines set by SEBI.

Is Groww app registered with SEBI

Yes, Groww is registered with SEBI (Securities and Exchange Board of India) under stockbroker NextBillion Technology Private Limited. and is a legitimate platform for investing and trading in financial products. SEBI is the regulatory body in India that oversees the functioning of the securities market and ensures that all market participants comply with the rules and regulations. 

Groww app is registered with SEBI as a mutual fund distributor and a registered investment advisor. This means that the platform is authorized to distribute mutual funds and provide investment advice to its customers. The company is also a member of various stock exchanges, including the National Stock Exchange (NSE) and Bombay Stock Exchange (BSE), which further confirms its legitimacy.

Groww app has gained popularity among investors due to its low fees, user-friendly interface, and seamless investment process. The platform offers a range of financial products, including mutual funds, stocks, exchange-traded funds (ETFs), and gold bonds, among others. Investors can easily open an account, complete the KYC process online, and start investing with just a few clicks.

As a registered platform, Groww is subject to SEBI's regulations, which ensure that the platform follows the necessary standards to protect investors' interests. The platform has to comply with the KYC (Know Your Customer) norms and maintain a certain level of transparency in its operations. Additionally, Groww has to follow the SEBI guidelines on disclosing fees and charges, providing risk disclosures, and maintaining adequate safeguards to protect investors' data.

In terms of safety, Groww has implemented various security measures to protect its customers' data and investments. The platform uses industry-standard encryption to ensure its customers' personal and financial information is secure. Groww has also implemented two-factor authentication and biometric authentication for login and transaction processes, adding an extra security layer. These facilities make the Groww app the safest and most secure platform.

Conclusion

Groww app is a registered platform with SEBI and a legitimate platform for investing and trading in financial products. The platform has gained popularity due to its low fees, user-friendly interface, and seamless investment process. Investors can be assured of the platform's safety and legitimacy as it is subject to SEBI's regulations and has implemented various security measures to protect its customers' data and investments.