Is Groww App Safe for Investment ? (2024)

India has a massive pool of investors, including both newbies and proficients. Currently, their number stands in crores (yes, crores!).

These factions invest in multiple investment options, including Stocks, Mutual Funds, Futures and Options and whatnot!

While there are umpteen investment options, only a few reliable investment platforms in our nation allow investing in such investment alternatives.

To bridge this very gap, Groww was founded!

The revolutionary year of 2016 saw Groww coming to life with the sole motive of offering investors and traders a seamless online investment platform. With our crystalline vision to furnish a safe, easy, fast and transparent online platform, we began our journey.

We often say, Yeh Market Sabka Hai !

We believe so, as our primary pursuit is to let investors explore the abundance of investment opportunity that lies in our nation.

Amidst this, people often wonder whether the Groww app is safe or not, which we believe is a genuine concern. Well, to clear all the clouds of doubts, yes, Groww is the safest platform you could use to invest and grow (rather Groww) your financial standings.

Is Groww App Safe? Here're All the Reasons Why It Is

We have listed out many of the reasons why Groww is a safe online platform for investment-

  • Incorporated with Legal Memberships

Groww is a CDSL Depository Participant and Stock Broker registered with the Securities and Exchange Board of India (SEBI). It is also a prominent member of stock exchanges like NSE, BSE, etc.

We have all the legal memberships and are accredited with the required licenses making us a secure platform for investment.

Since many traders fall prey to unauthorised advisors, registering with SEBI and meeting all the compliance formalities was our foremost priority.

  • Customer-Centric Principles

Groww has always had (and will always have) a customer-first approach. We always adhere to serving our valuable customers with the most transparent and seamless investment platform that assists them in meeting their financial aspirations.

We never compromise with the quality of service, ensuring the safety of the medium our customers use to invest.

  • Pricing Model

We have a single brokerage rate for each of our customers that ensures the chopping off of any operational risks that may follow.

Our simple model of pricing, with no hidden charges, makes us stand firm and crystal clear in front of our customers.

  • Out-and-out Transparency

In this blog, we have mentioned the word ‘transparent’ quite often. You might have noticed the same already by now, right?

Well, offering a transparent investment platform is one of the principal philosophies we follow at Groww. We are stringent in adhering to this as customers urge a reliable investment platform that doesn’t pledge false promises.

One of a customer's basic needs is to avail of a secure investment platform that offers them the safe service to invest their funds securely. We understand their concern and hence assure offering the services with seamless transparency.

  • Walled with Layers of Security

One of our highest priorities at Groww is to secure each of our customer’s data with paramount security. To ensure so, we have built a high level of encryption that safeguards our customers' critical information, their transactions, their investments' out and about, etc.

  • Pillared with Integrity

We sincerely acknowledge that every investor, new or skilled, needs a safe and honest investment platform that does not impede but assists in meeting their financial objectives.

We understood the lack of the same in India and moved ahead aggressively to create a platform that bridges this integrity gap.

We built Groww with a vision to be completely honest with our customers and to have them always informed about where and how their investments are directed.

  • Privacy Policy

Our direct and clear privacy policy states to keep each customer’s data private, secure, and unadulterated.

Groww app is safe as the customer information that we receive is collected, processed and stored securely. It is never compromised and inhabits safely under our secure storage.

  • Trusted by Millions of Users Across India

Gaining a customer’s trust is not easy in a world full of web lies. But since our inception, we gained the trust of hundreds of users with our matchless and honest services.

Those hundreds of customers turned into millions in no time and have trusted us completely while investing their hard-earned money through our platform.

We give it to our honest and forthright policies that helped us gain so.

Is Groww App Safe for Investment ? (2024)

FAQs

Is Groww App Safe for Investment ? ›

Groww is a registered SEBI broker and, an AMFI registered mutual fund distributor. Hence all its transactions are constantly monitored and reviewed by SEBI, ruling out any foul play. Moreover, the Groww mutual fund transactions are done via BSE, thus making monetary transactions completely safe.

Can I trust the Groww app? ›

All transactions on Groww are safe and secure. Users can invest through SIP or Lumpsum using Netbanking through all supported banks. It uses BSE Star MF (with Member code 11724) as transaction platform. All type of mutual funds are available on Groww.

Is it good to invest in Groww? ›

Some companies like Groww provide online portal to invest in direct funds without any charges. It is 100% free and a paperless medium. This is the best and easiest way of investing in mutual funds.

What if Groww shuts down? ›

Your mutual fund investments reside at asset management companies (AMCs). Therefore, if, theoretically, Groww shuts down, your mutual funds are safe at the AMC.

What are the disadvantages of Groww app? ›

Groww Cons (Disadvantages)

Limited investment products with no option to trade in commodity, and currency segment. No Call and Trade services. Do not provide stock tips, research reports, or recommendations.

What went wrong with Groww? ›

In response to the controversy, Groww admitted to the error, explaining that the customer's dashboard incorrectly displayed a folio. The company clarified that no actual transaction had occurred and no money was deducted from the user's account.

Is my money safe with Groww? ›

Our direct and clear privacy policy states to keep each customer's data private, secure, and unadulterated. Groww app is safe as the customer information that we receive is collected, processed and stored securely. It is never compromised and inhabits safely under our secure storage.

Who is the owner of Groww? ›

Lalit Keshre, Co-founder & CEO Groww talks about his life coming from a small town.

Is Groww legal in India? ›

"We operate under the ambit of SEBI and all mutual funds transactions are processed as per SEBI's & Exchange guidelines. Any payment that comes from the customers goes straightaway to ICCL, which is the clearing house of BSE, and not to Groww.

Which app is better than Groww? ›

Zerodha is having overall higher rating compare to Groww. Zerodha is rated 4.5 out of 5 where Groww is rated only out of 5.

Is the Groww app approved by the RBI? ›

RBI has granted the licence to Groww Pay, the UPI payments platform of broking firm Groww. The licence will allow the Tiger Global and Peak XV Partners-backed firm to facilitate e-commerce transactions through its UPI app.

Why I am not able to sell my shares in Groww? ›

It is possible that sometimes the "Sell" button is grayed out. This happens when you just bought T2T category stocks. To sell these stocks, you will have to wait till they get delivered to your Demat account as per the SEBI regulation which takes 1 trading day, from the date you place a successful buy order.

Is Groww really free? ›

Groww also offers free account opening with zero maintenance charges. However, investing in stocks through Groww is not free. Groww charges a lower of Rs. 20 or 0.05% of trade value towards brokerage for equity trades.

Is it safe to share bank details with Groww? ›

Yes, Groww has partnered with Finbit which has been approved by RBI to safely collect your bank statements through netbanking.

How much brokerage is charged by Groww? ›

"Brokerage and other such fees are charged per order. In case of Equity delivery and intraday it is ₹20 or 0.05% per order(whichever is lower) and for FnO it is ₹20 per order. If you have more than one order in a day, your total brokerage can exceed ₹20.

Which is the best stock to buy in Groww app? ›

All Stocks
  • Reliance Industries. ₹2,905.45. 2.45 (0.08%)
  • TCS. ₹4,492.30. 12.95 (0.29%)
  • HDFC Bank. ₹1,647.90. 4.00 (0.24%)
  • ICICI Bank. ₹1,235.00. -1.35 (0.11%)
  • Bharti Airtel. ₹1,601.75. 23.95 (1.52%)
  • ₹777.90. 9.30 (1.21%)
  • Infosys. ₹1,922.80. 12.65 (0.66%)
  • ₹1,022.95. 9.25 (0.91%)

Is it safe to provide bank details on Groww app? ›

Yes, access to Net banking is managed by Finbit which has been approved by RBI to safely collect your bank statements using netbanking for eligibility assessment .

Can I withdraw money from the Groww app? ›

If you have registered more than one account with Groww, you can choose the bank (to which you want to withdraw the money) on the withdrawal screen. Note: It takes up to 1 working day for the money to reflect in your bank account.

Is it safe to share documents in Groww app? ›

Groww works in highly regulated industry with multiple regulators. We have an internal compliance and security team that ensures we are compliant with all regulatory guidelines. Audits are conducted on the same from time to time. 5.

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