Groww Review, Rating and Brokerage Charges
Groww
- Share Trading & Robo Advisory in a single app.
- First Free Year.
- First 5 Trades Free.
- No account opening charge for only MF clients.
- Document Pickup Facility in 27 cities across India.
- Regular SMS and email alert.
- Referral scheme.
Some Important Key Points about this Broker:
| Broker Name | Groww |
|---|---|
| Official Website Link | https://www.5paisa.com/ |
| Incorporated | Membership Details | Year: 2007 | SEBI Registration Number : INZ000010231 | SEBI RA Regn.: INH000004680 | IN-DP-192-2016 | AMFI REGN No.: ARN-104096 | CIN : U67190MH2007PLC289249 | NSE Member ID : 14300 | BSE Clg No : 6363 |
| Registered Head Office Address | Sun Infotech Park, Road No. 16V, Plot No.B-23 Thane Industrial Area, Wagle Estate, Thane - 400604 |
| Customer Care Number and Email | +91 89766 89766, support@5paisa.com |
| Supported Exchanges | NSE, BSE |
| CEO & Founders | Prakarsh Gagdani, IIFL Group |
| Instant online A/C Opening ? | ₹650 |
| Account Opening Charge | ₹400 |
| Annual Maintenance Charge | ₹400 |
| Equity Delivery Brokerage | ₹20/trade |
| Equity Options Brokerage | ₹20/trade |
| Equity & Future Intraday Brokerage | ₹10-20 per Order* |
| Important Brokerage Plans | All in 1-Investment Account, Mutual Fund Investment Account |
| Leverage | Exposure Details | Get Leverage up to 15 times for Intraday and up to 8 times for Delivery |
| Commodity Brokerage | NA |
| Free Equity Investment |  |
| Allow Mutual Fund Investment ? |
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| DP Transaction Charge | 0.00325% transaction charge on equity delivery, intraday; 0.0019% on futures & 0.051% on options |
| Digital Contract Notes by Email |
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| Research Reports | Intraday Tips |
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| Other Services Offered by Broker | Open totally paperless account using your Aadhaar |
| Stock Market Education Tutotials | Yes, Video tutorials and FAQs available |
| Currency Future Brokerage | ₹10/trade |
| Currency Option Brokerage | ₹10/trade |
| Daily Online Trades Reports | Yes |
| Branch Offices | NA |
| Call & Trade Charge | ₹10/trade |
| Other Charges Details (if any) | Delayed Payment Charges (DPC) is 18%PA |
| 3-in-1 Account | No |
| Average Number of Active Clients | 2264 (FY- 2017-18) |
| Latest Info. on Complaints % at NSE | 2 complaints i.e 0.09 % of total Active clients for FY: 2017-18 |
| Stock Market |
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| NRI Investing and trading |
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| IPO Facility |
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| Overall Score |
Pros
- One of the cheapest online brokers in India.
- Paperless & Hassle-free online process.
- Single platform to manage all your investments.
- Free research also provided.
Cons
- No fixed brokerage plans (neither monthly nor yearly).
- No relationship manager for solving issues.
- Too much time is taken for getting things done at times.
GROWW REVIEW-2024
IFL Holdings Limited was established in the year 1995 by Nirmal Jain, who is considered one of the most successful entrepreneurs in the economy niche. With the advancement of technology, IIFL decided to get into the dotcom business and launched an online trading portal in the year 2000. The same portal was relaunched towards the end of 2016 with a whole new model for online trading. 5paisa is best-known for offering the lowest rates of brokerage and is quite reliable as well, thanks to the backing of one of India’s leading financial services companies IIFL.
With a customer base of over 2.9 million across different segments of the trading business, 5paisa has a good understanding of its customer base with a great experience of the stock market. The 5paisa team is a young and talented team with a combination of financial professionals, engineers, tech geeks, market whizz, and many more. The whole team is dedicated to work hard and bring you a better experience online trading experience each and every day.