What is Groww App? If you watch online videos or use social media then you must have heard the name of groww app. In the present time, we get to see its advertisement a lot, but do you know what Groww app is and how can you trade or invest in the share market as well as invest in mutual funds with the help of this? In today's post, we will discuss about grow app in detail. So without wasting time let's move on to the post.
What is Groww App
Grow is a mobile application in which you can invest in mutual funds directly by creating your account. At present, you can open your demet account in groww app and trade in share market. In this you can invest in Stocks, Mutual Funds, Fixed Deposit, Gold.
Also in this app you can earn money by trading in option and future. If spoken in simple language, groww is a stock broker, it provides the facility to invest in the stock market. Simultaneously, with the help of this app, investing in mutual funds has become very easy, for this we do not need any broker. By creating an account in this, Humog Direct can invest in mutual funds of your choice, without any additional charges.
You can either use its app or its official website. The interface of both is simple, any person can easily use its website and app.
Documents required to open an account in Groww
- PAN Card
- Aadhar Card
- Bank Statement
- Signature
- Selfie
How to open your account in Groww App
- First of all download the groww app or open the official website of groww in your computer.
- After opening click on sign up button.
- To sign up easily, click on continue with google.
- Now select your personal gmail account.
- Now you will have to verify your mobile number. For this an OTP is sent to your number. Verify your phone number by filling that OTP.
- Now you will be redirected to the next page where you will have to fill your PAN details.
- After this you will be asked to fill your personal details
- After filling till here, you will be sent to the next page where you have to fill your bank details correctly.
- Now you will be asked to upload your passport size photo.
- Even after completing, you will have to record a 5 second video which is done for verification purpose.
- Now you have to upload the above mentioned documents.
- After that you enter your Aadhar number and submit it.
- An OTP will be sent to your phone number, verify your Aadhaar by filling it.
- After following all these steps correctly, your process is complete.
How to add money in groww account
- First of all login to groww's website or open the mobile app.
- By clicking on the wallet icon next to it.
- Here you will be shown how much money is in your account.
- Also you will get the option to deposit and withdraw.
- To add money, click on deposit and if you want to withdraw, click on withdrawal.
- Now fill how much money you want to add
- Then click on deposit money.
- Now you can make payment through UPI or Net Banking.
- Remember, you have to make payment from the same bank whose details you gave while creating the account in groww.
- After the payment is made, immediately the money gets added to your grow account.
Advantages of Groww App
- Invest in direct mutual funds, earlier we needed a broker to invest in mutual funds, but with the help of growth, investing in mutual funds has become very easy. Nor is there any problem, whenever you want to invest money in mutual funds and withdraw money whenever you want.
- Buying stocks, now in groww we can also invest by buying all stocks. It is very easy to buy its shares or stocks. In addition, the brokerage fee is also low in this. That is why if you want to do trading then groww can be a good option.
- In this, you can keep an eye on mutual funds and stocks and find out which stock or mutual fund gives good returns.
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