Invest · Broker review
Groww
India's fastest-growing retail investment app — best for mutual funds, ETFs, and Indian equities.
Not financial advice.This is a comparison of FX costs only. We don't recommend specific investments. Always consult a qualified financial adviser before investing.
Verdict
Groww is the best choice for Indian investors who want a simple, clean app for mutual funds and domestic stocks. Its direct mutual fund platform (zero commission, all AMCs) is the strongest feature. Groww discontinued its US stock investing feature in 2023 — for US market access, use INDmoney or IBKR directly alongside Groww.
Full review
Groww launched in 2016 in Bengaluru as a direct mutual fund investment platform — no commissions, no distribution markup, all direct plans — and expanded into equity trading, ETFs, and fixed deposits. (Groww discontinued its US stock investing feature in 2023.) It has become one of India's fastest-growing investment platforms, particularly among first-time investors in the 22-35 age group, due to its genuinely simple mobile-first design.
The mutual fund platform remains Groww's strongest suit. Direct mutual fund plans (the regulatory category without distributor commission) are available across all AMCs (asset management companies) at zero additional cost — Groww earns from the AMC directly. The fund discovery interface, SIP (Systematic Investment Plan) setup, and portfolio tracking are all significantly more user-friendly than competitors including Kuvera and Paytm Money for a mobile-first experience.
Groww discontinued its US stock investing feature in 2023. It no longer supports purchasing US-listed equities. Indian investors who want US market access alongside Groww should use INDmoney, Vested Finance, or open an Interactive Brokers account directly via LRS.
The equity trading interface (for Indian-listed stocks and F&O) is competent for basic investing but lacks the depth of Zerodha's Kite for serious traders — no advanced order types, limited charting. For buy-and-hold investors who primarily want mutual funds or ETFs, this is irrelevant. For traders who need complex order types, Zerodha or Upstox are better suited.
Customer support is app-based with response times that can be slow during high-volume market periods. The in-app help and documentation has improved considerably but is still not at the level of Zerodha's educational resources.
Groww is best suited for Indian investors primarily focused on mutual funds and ETFs who want a clean, simple mobile experience. For US market access, INDmoney or IBKR are the recommended routes. For sophisticated equity trading and F&O, Zerodha's tooling is deeper.
FX cost breakdown
FX cost comparison on $10,000 investment
Pros & cons
Pros
- Best consumer UX of any Indian broker — extremely simple
- Direct mutual fund investing (no distributor commission)
- Instant account opening — fully digital, KYC in minutes
- One of India's largest retail brokers by active clients
- Zero account maintenance fees
Cons
- US stock investing discontinued in 2023 — domestic India only
- Advanced charting and research tools less powerful than Zerodha Kite
- Customer support response times can be slow during market hours
Who can use it
Markets available
Supported corridors
Regulated by
Frequently asked questions
Can I buy US stocks through Groww?
No. Groww discontinued its US stock investing feature in 2023. Groww is now a domestic Indian broker covering NSE/BSE equities, mutual funds, ETFs, and fixed deposits only. For US stock access, Indian investors use INDmoney, Vested Finance, or open an account directly with Interactive Brokers via LRS.
What does Groww charge for equity trading?
Groww charges zero commission on equity delivery trades. For intraday equity trades, the charge is ₹20 per order or 0.05% — whichever is lower. F&O trades are also ₹20 per order. Regulatory charges (STT, stamp duty, exchange charges) apply on all trades.
Is Groww good for mutual fund investing?
Yes. Groww's direct mutual fund platform is one of the best in India — zero distributor commission, all AMCs supported, easy SIP setup, and clean portfolio tracking. For investors primarily focused on mutual funds and ETFs with a simple mobile-first experience, Groww is a top choice.
Is Groww safe for Indian investors?
Yes. Groww is SEBI-registered and one of India's largest retail brokers by active clients. Client securities are held in demat accounts at CDSL/NSDL. Mutual fund units are held directly with respective AMCs. The company is well-capitalised.
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