What Is Groww App And How It Works

Groww is a popular investment platform and mobile application in India that allows users to invest in mutual funds, stocks, and other financial instruments. Here's how Groww works in seven points:

User-friendly Interface: Groww offers a user-friendly interface that makes it easy for individuals, even those new to investing, to navigate the app and access various features. The app is designed to provide a seamless investing experience.

Account Creation: Users can create an account on Groww by providing their basic details and completing the KYC (Know Your Customer) process. The KYC process involves submitting necessary documents for verification, such as PAN (Permanent Account Number) card and Aadhaar card.

Investment Options: Groww provides a wide range of investment options, including mutual funds, stocks, exchange-traded funds (ETFs), and digital gold. Users can browse through different schemes, funds, and stocks to make informed investment decisions.

Easy Fund Selection: The app offers detailed information about various mutual funds, including their performance history, risk profile, expense ratio, and fund manager details. This helps users analyze and select funds based on their investment goals and risk appetite.

Investment Tracking: Groww allows users to track the performance of their investments in real-time. Users can view their portfolio holdings, track the NAV (Net Asset Value) of mutual funds, monitor stock prices, and receive notifications on important updates related to their investments.

Online Transactions: Groww enables users to invest in mutual funds and stocks online. Users can make investments through their linked bank accounts using the UPI (Unified Payments Interface) or net banking facility. The app also supports SIP (Systematic Investment Plan) investments for regular investments in mutual funds.

Investor Education: Groww provides educational resources and tools to help users enhance their financial knowledge. The app offers articles, tutorials, and expert insights on investing, personal finance, and market trends. This empowers users to make informed investment decisions.

It's important to note that while Groww aims to simplify the investment process, investing involves risks, and users should carefully evaluate their investment choices and seek professional advice if needed.