How to Start Trading and Investing in Stocks with Groww App

jitesh maurya 

If you are looking for a simple and convenient way to start trading and investing in stocks, you might want to check out the Groww app. Groww is a popular online platform that allows you to open a free Demat account, buy and sell shares of NSE Nifty 50 and BSE Sensex listed companies, trade futures, and options, and invest in direct mutual funds at zero commission.

In this blog post, we will show you how to use the Groww app to start your stock market journey. We will also share some tips and features that can help you make smart decisions and grow your wealth.

What is Groww App?

Groww app is a simplified finance app that enables you to open a free Demat account, and trade stocks at a low brokerage rate. You can also invest in mutual funds, IPOs, and F&O using the app. Groww app is registered with SEBI, RBI, and AMFI, and has over 10 million downloads on Google Play Store.

Groww app has a user-friendly interface that makes it easy for beginners to navigate and understand the stock market. You can access live share prices, stock analysis, company financials, technical charts, indicators, option chains, and more on the app. You can also get personalized recommendations, watch videos, read articles, and join communities to learn more about trading and investing.

Groww app also offers fast and secure UPI payments powered by BHIM UPI. You can send money to any UPI ID, phone number, bank account, or QR code using the app. You can also create a new UPI ID or sync your existing one on the app.

How to Open a Free Demat Account on Groww App?

To start trading and investing in stocks with the Groww app, you need to open a free Demat account first. A Demat account is an online account that holds your shares in electronic form. It is mandatory to have a Demat account if you want to trade in the stock market.

To open a free Demat account on the Groww app, follow these steps:

• Download the Groww app from Google Play Store or App Store.
• Sign up with your email ID or mobile number.
• Complete the one-time KYC process within the app by entering your PAN card number, Aadhaar card number, bank account details, etc.
• Upload your signature and a photo of yourself holding your PAN card.
• Choose your preferred brokerage plan (Basic or Pro) and confirm your details.
• Your Demat account will be activated within 24 hours.

How to Trade Stocks on Groww App?

Once your Demat account is activated, you can start trading stocks on the Groww app. To trade stocks on the Groww app, follow these steps:

• Log in to your Groww app and tap on Stocks on the home screen.
• Search for the stock you want to buy or sell using the search bar or browse through the categories.
• Tap on the stock name to see its live price, chart, analysis, financials, etc.
• Tap on Buy or Sell to place an order.
• Enter the quantity and price of the stock you want to buy or sell.
• Choose the order type (Market or Limit) and validity (Day or IOC).
• Review your order details and tap on Confirm.
• Your order will be executed at the best available price. 

How to Invest in Mutual Funds on Groww App?

If you want to invest in mutual funds on the Groww app, you can do so by following these steps: 

• Log in to your Groww app and tap on Mutual Funds on the home screen.
• Search for the mutual fund scheme you want to invest in using the search bar or browse through the categories.
• Tap on the mutual fund name to see its details, performance, portfolio, etc.
• Tap on Invest Now to start investing.
• Choose between a SIP (Systematic Investment Plan) or a Lumpsum mode of investment.
• Enter the amount and frequency of investment (for SIP) or the amount (for Lumpsum).
• Review your investment details and tap on Confirm.
• Your investment will be processed within 2 working days.

Tips and Features to Use Groww App Effectively

Here are some tips and features that can help you use the Groww app effectively:

• Watch videos on Groww  YouTube channel to learn about various topics related to trading and investing.

Read articles on Groww Digest to get insights and updates on the stock market, mutual funds, IPOs, and more.

• Join communities on the Groww app to interact with other investors and traders, ask questions, share opinions, and get tips.
• Use the stock screener feature on Groww app to filter stocks based on various criteria such as market cap, sector, PE ratio, dividend yield, etc.
• Use the technical analysis feature on Groww app to access advanced charts and indicators such as moving averages, Bollinger bands, MACD, RSI, etc. for any stock.
• Use the option chain feature on Groww app to see the live prices and volumes of call and put options for any stock or index.
• Use the watchlist feature on Groww app to create and manage your own list of stocks and mutual funds that you want to track or invest in.
• Use the alerts feature on Groww app to get notified of any price movements, order executions, news updates, etc. for your stocks and mutual funds.
• Use the portfolio feature on Groww app to see your holdings, returns, transactions, dividends, etc. for your stocks and mutual funds.

 Conclusion

Groww app is a great platform for anyone who wants to start trading and investing in stocks and mutual funds. It offers a free Demat account, low brokerage rates, zero commission on mutual funds, fast and secure UPI payments, and a lot of features and resources to help you make smart decisions and grow your wealth. Download the Groww app today and join the growing community of investors and traders.

If you are ready to start your stock market journey with Groww app, click on the link below and download the app now. You can get a free stock worth up to Rs. 1000 when you open your Demat account. Hurry up and don’t miss this opportunity to join the growing India. Happy investing! 😊

Download Groww App