How to Use Groww App for Trading : The Groww app has become one of the most popular investment platforms in India, providing a user-friendly interface for trading in stocks, mutual funds, and other financial instruments. Whether you are a beginner or an experienced trader, this guide will walk you through how to use the Groww app for trading, covering account setup, fund deposits, stock purchases, and advanced trading features.
1. How to Use Groww App for Trading
Groww is an online trading and investment platform that allows users to invest in:
- Stocks (Equity trading)
- Mutual funds
- Gold investments
- Fixed deposits (FDs)
- Exchange-Traded Funds (ETFs)
The app is available on both Android and iOS and offers a smooth and intuitive experience for trading.
2. How to Set Up an Account on Groww
To start trading on Groww, follow these steps:
Step 1: Download the App
- Download the Groww app from the Google Play Store or Apple App Store.
Step 2: Sign Up
- Open the app and click on Sign Up.
- Enter your email ID and mobile number.
- Verify your mobile number using an OTP.
Step 3: Complete KYC Verification
To trade on Groww, you must complete the Know Your Customer (KYC) process. You will need:
- PAN Card
- Aadhaar Card (for identity verification)
- Bank account details
Once you upload these details, your account will be activated within 24-48 hours.
3. Depositing Funds in Groww
To trade, you need to add money to your Groww balance.
Steps to Add Funds:
- Click on “You” > “Funds” in the app.
- Select “Add Money” and enter the amount.
- Choose a payment method: UPI, net banking, or debit card.
- Confirm the transaction, and the money will be credited instantly.
4. How to Buy Stocks on Groww
Steps to Buy Stocks on Groww:
- Open the Groww app and go to “Stocks”.
- Search for the stock you want to buy (e.g., Reliance, TCS, HDFC).
- Click on the stock and select “Buy”.
- Choose between Market Order (instant purchase) or Limit Order (buy at a specific price).
- Enter the number of shares and confirm your order.
Once the trade is completed, you can view your stocks in the “Portfolio” section.
5. How to Sell Stocks on Groww
Steps to Sell Stocks:
- Go to the “Portfolio” section.
- Click on the stock you want to sell.
- Tap on “Sell” and choose the number of shares.
- Select Market Order (sell at the current price) or Limit Order (sell at a specific price).
- Confirm the transaction.
The money from the sale will be credited to your account within T+2 days.
6. Groww Trading Charges and Fees
| Fee Type | Charges on Groww |
|---|---|
| Account Opening Fee | ₹0 (Free) |
| Annual Maintenance Fee | ₹0 (Free) |
| Equity Delivery Trades | ₹20 or 0.05% per trade (whichever is lower) |
| Intraday Trading | ₹20 or 0.05% per trade (whichever is lower) |
| Fund Transfers (Deposit) | Free for UPI, Net Banking charges apply |
| Fund Withdrawals | Free |
Groww follows a discount brokerage model, making trading cost-effective for users.
7. Advanced Trading Features on Groww
a) Intraday Trading
- Choose Intraday while placing an order.
- Trade must be squared off before market closing (3:30 PM).
b) Margin Trading Facility (MTF)
- Groww provides leverage for intraday trading, allowing you to trade with more funds than you have.
c) Stock SIP (Systematic Investment Plan)
- Allows users to buy stocks periodically with small investments.
d) Candlestick Charts and Indicators
- Advanced traders can use technical indicators like RSI, MACD, and Bollinger Bands for analysis.
8. Withdrawing Money from Groww
Steps to Withdraw Funds:
- Go to “You” > “Funds”.
- Click on “Withdraw”.
- Enter the amount you want to withdraw.
- The amount will be credited to your bank account within 24-48 hours.
9. Official Links & Customer Support
For more details, visit:
You can also reach out via email at support@groww.in for queries.
10. FAQs (Frequently Asked Questions)
Q1: Is Groww safe for trading?
Yes, Groww is SEBI-registered and follows strict security protocols to protect user data.
Q2: Can I trade in derivatives (F&O) on Groww?
Yes, Groww offers Futures & Options (F&O) trading, but you need to enable it separately in settings.
Q3: How much minimum balance is required to start trading?
There is no minimum balance requirement, but you need funds to buy stocks.
Q4: Does Groww charge hidden fees?
No, Groww has a transparent pricing model with no hidden charges.
Q5: Can I invest in IPOs on Groww?
Yes, you can apply for Initial Public Offerings (IPOs) directly through the app.
Conclusion
The Groww app is an excellent platform for both new and experienced investors. With zero account opening fees, low brokerage charges, and an easy-to-use interface, it is a great choice for trading in stocks and mutual funds. By following this guide, you can efficiently buy, sell, and manage your investments using the Groww app.
Start trading today by downloading Groww and making your first investment! 🚀