Trading has now become a new hobby, perfectly suited to millennials who avoid boredom. So, we believe Groww can be your thing if you’re looking forward to a roller coaster ride in the stock market. But before grabbing a trading experience, it becomes important to consider the Groww Demat account charges.
Once you are aware of the charges you are going to pay, it removes all sorts of confusion out of the window that you might get in later (confusion, not the window :)).
Let’s dive in to know the opening fees and the AMC charges of Groww.
Groww Account Opening Charges
So you need to open a Demat account first. And for this Groww offers you a 2 in 1 account. Isn’t that cool? You get a Demat account with an integrated trading account to facilitate a smooth trading transaction process.
But you know there’s a catch! Your broker usually charges to offer these facilities. You pay account opening charges just once which is quite a common sense thing!
However, the interesting part is, this isn’t the case with Groww. They offer you an absolutely free Demat account opening. You see, you are getting a free offer to an amazing roller coaster ride, what else do you need?
Oh, wait! Not just that, what about the hefty AMC charges that we hear about? Get excited, because this broker has incredible news for you, FREE account opening charges! So yea, invariably Groww Demat Account Charges are nil mostly.
Groww Demat Account Opening Charges
Account Maintenance Charges
₹0 per annum
Yes! You heard it right!
So as per the above discussion, we have observed that Groww is much suited for new traders who do not have much-advanced knowledge of technical analysis and need the basic platform to understand trading and invest their capital.
Along with it we saw account opening and AMC is ₹0 as of now, but since it is a new trading platform and is still developing, there are chances that in the future, Groww may charge some fee in this category for their technology and services.
As of now, it offers you some basic technical analysis tools like candlestick charts with some financial reports, enough for a good slide!
So, when it comes to comparing the services of Groww with other leading discount brokers in India, it becomes important to look for other parameters required to trade in a seamless manner.
For better information, you can refer to the Groww vs Zerodha that helps you in understanding how this emerging broker is different to make a better decision.
Happy Investing Folks! By the way, for any assistance, here is the form for your reference: