Investing made easier
Groww: Stocks & Mutual Fund is a free finance app that makes investing easier and more accessible. It allows users to invest in mutual funds, Indian stocks, IPOs, and F&O from the comfort of their homes. Secured and quick UPI payments can also be made within the app.
Groww: Stocks & Mutual Fund offers a paperless onboarding process and enjoys investing through SIP or lump sum at no commission. Additionally, existing investors can switch from regular investment plans to direct mutual funds through the app. It provides live share prices, technical charts, and NSE Nifty 50 and BSE Sensex indicators.
Invest without the hassle
With Groww: Stocks & Mutual Fund, you can easily sign up for an account and do a KYC within the app, making account opening a breeze. The service is registered with SEBI, RBI, and AMFI so you can be sure your funds are secured. In the app, you can buy and sell shares, as well as trade futures and options, and stock derivatives.
It also features easy-to-use technical analysis tools using advanced charts and a stock screener. The app provides live Nifty and NSE Option Chain Price Charts, available in line and candlestick charts that show share price movements, market indices, and historical performance for a seamless monitoring process. Additionally, the service offers personal loans to select users, with repayment periods ranging from two to 60 months.
The Groww Pay feature also allows users to send money to friends, pay merchants or manage their UPI accounts. Aside from all these great features, there still remains an unfortunate snag in the service, which happens to be within its personal loans, coming in with an annual percentage rate of 12% to 24%, aside from other service fees, which can be very hefty once they start piling up.
Great for investments, not so much as a loaning service
Groww: Stocks & Mutual Fund simplifies account opening through a one-time KYC done in-app. Registered with SEBI, RBI, and AMFI, users can securely trade shares, futures, options, and stock derivatives with advanced technical analysis tools. There's also Groww Pay for fast and secure UPI payments. However, its personal loans come with atrocious APRs, so you're better off with dedicated loaning services with lower interest rates if you need emergency funds.
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