Groww Review 2026
Beginner-friendly discount broker with lifetime zero AMC.
- Rating
- 4.3/5
- Users
- 2 crore+
- Founded
- 2016
Key Features
- ✓ Zero annual maintenance charges (lifetime) — industry differentiator
- ✓ Stocks, MF, US stocks, ETFs, FDs and digital gold in one app
- ✓ 5,000+ direct mutual funds at zero commission
- ✓ Groww 915 advanced trading platform for power users
- ✓ Instant IPO application via UPI
Fee Structure
| Account Opening | ₹0 (free) |
| Annual Maintenance | ₹0 (lifetime free AMC) |
| Equity Delivery | ₹20 or 0.05% (lower) |
| Equity Intraday | ₹20 or 0.05% (lower) |
| F&O | Flat ₹20 per order |
| IPO Application | ₹0 |
| DP Charge (sell) | ₹20 + GST per scrip |
Pros
- + Lifetime zero AMC — saves ₹3,000+ vs Zerodha over 10 years
- + Cleanest UI in Indian broking — ideal for first-time investors
- + Direct MF at zero commission — industry best
- + US stocks accessible from same app
- + Instant IPO application flow
Cons
- − No commodity trading
- − DP charge (₹20+GST) higher than Zerodha
- − No offline branches — 100% online only
- − Research tools limited vs full-service brokers
- − No call-and-trade option
How to Open a Groww Account
- 1Download the Groww app or visit groww.in
- 2Sign up with your mobile and email
- 3Complete KYC with PAN and Aadhaar
- 4Link your bank account for fund transfers
- 5Your demat account is activated instantly after e-sign
How to Apply for an IPO on Groww
- 1Open the Groww app
- 2Tap Stocks → then IPO at the top
- 3Select the open IPO from the list
- 4Enter number of lots and select Cut-Off price
- 5Enter your UPI ID and approve the mandate within 5 minutes
Ready to get started?
Open a free Groww demat account in under 5 minutes.
Open Free Groww AccountFrequently Asked Questions
Is Groww good for IPO applications?
Groww has the simplest IPO application flow of any Indian broker — ideal for first-time applicants. The app shows upcoming IPOs, live subscription data, and sends allotment notifications automatically.
Does Groww charge for IPO applications?
No. IPO applications are free on Groww. Brokerage applies only when you sell your allotted shares after listing.
What is Groww's AMC charge?
Zero — lifetime. This is Groww's biggest competitive advantage, saving ₹300-700/year compared to Zerodha, ICICI Direct, or HDFC Securities.
Can I apply for SME IPOs on Groww?
Yes. Groww supports IPO applications on NSE Emerge and BSE SME platforms alongside mainboard IPOs.
Is Groww safe for long-term investing?
Yes. Groww (Nextbillion Technology Pvt Ltd) is SEBI-registered and a member of NSE and BSE. Your shares are held in your demat account with CDSL, separate from Groww.
Does Groww offer commodity trading?
No. Groww does not support commodity trading (MCX). Use Zerodha, Upstox or Angel One if you need commodity exposure.