Groww Review 2026
Simple mobile-first investing with instant IPO apply.
- Rating
- 4.3/5
- Users
- 2 crore+
- Founded
- 2016
Key Features
- ✓ Beginner-friendly interface
- ✓ Stocks, mutual funds, US stocks and FDs in one app
- ✓ Free direct mutual funds
- ✓ Instant IPO application
Fee Structure
| Account Opening | ₹0 |
| Annual Maintenance | ₹0 |
| Equity Delivery | 0.1% or ₹20 (lower) |
| Equity Intraday | 0.05% or ₹20 (lower) |
| F&O | Flat ₹20 per order |
| IPO Application | ₹0 |
Pros
- + Simple, clean UX aimed at new investors
- + Direct mutual funds with zero commission
- + Fast IPO UPI flow
- + Unified portfolio view for equity and MF
Cons
- − Fewer advanced charting tools than Kite
- − No desktop trading terminal
- − Intraday brokerage slightly higher than deep-discount brokers
How to Open a Groww Account
- 1Download the Groww app or visit groww.in
- 2Sign up with your mobile and email
- 3Complete KYC with PAN and Aadhaar
- 4Link your bank account for fund transfers
- 5Your demat account is activated instantly after e-sign
How to Apply for an IPO on Groww
- 1Open the Groww app and tap Stocks → IPO
- 2Select the current IPO
- 3Enter your UPI ID and tap Apply
- 4Approve the mandate on your UPI app
- 5Track your application under IPO history
Ready to get started?
Open a free Groww demat account in under 5 minutes.
Open Free Groww AccountFrequently Asked Questions
Is Groww a safe platform for IPO applications?
Yes. Groww is SEBI-registered and a member of NSE and BSE. IPO applications go directly to the exchange book-building system via UPI.
Is there a charge for applying to an IPO on Groww?
No. IPO applications on Groww are free. Brokerage only applies on secondary-market trades after listing.
Can I apply for SME IPOs on Groww?
Yes. Groww supports SME IPOs listed on both the NSE Emerge and BSE SME platforms.
How do I cancel my IPO application on Groww?
Go to the IPO section, find your pending application, and tap Cancel. Cancellations are only allowed until the IPO close time on the last day.
What is the Groww AMC?
Groww charges zero annual maintenance for its demat account.
Can I check allotment status on Groww?
Yes. Allotment status appears under the IPO section once the registrar publishes it, usually 1-2 days after the issue closes.