Hello Guys, I hope you all are fine. Today I will talk about Groww Mutual Fund App Review. I know all of you heard about this Groww Mutual Fund App before. So if you want to know How To Start Investment through Groww Mutual Fund App then read this article.
To start investment through Groww App, you need an account in this app. Here you can invest in many types of funds like mutual funds, stock funds etc.
You already read about PhonePe Liquid Funds in this site before where you have only one option to invest which is Aditya Birla Sun Life Mutual Fund. But in Groww App you can invest in many popular mutual funds including Aditya Birla Sun Life.
Groww App listed top companies for start investment through mutual fund. Which are mentioned below.
- Axis Bluechip Fund Direct Plan Growth.
- Mirae Asset Large Cap Fund Direct Growth.
- Kotak Bluechip Fund Direct Growth.
- ICICI Prudential Bluechip Fund Direct Growth.
- SBI Bluechip Direct Plan Growth.
You can check all the mutual funds size, rating, growth, graph etc in Groww Mutual Fund App.
Groww Mutual Fund App Review
If you want to start investing in mutual funds then Groww is a good option for you. This app is totally safe and secure. Groww mentioned that the user’s data is 100% safe. They have also mentioned all personal information is stored using 256-bit encryption. You can check more details on their official site.
Many people like to invest in Groww app because you can start investing in anywhere and anytime. For the first time, you have to create an account, which is paperless. They don’t ask you to submit or fill any documents in paper form.
How To Create Account in Groww Mutual Fund App
To create an account in Groww Mutual Fund App, you have to follow some basic steps.
- First of all Download and Install Groww App.
- Sign up with Google or using another email.
- Enter Mobile no and verify using OTP.
- Enter PAN Card Number and Verify your name.
- Now enter your Bank IFSC Code and Bank Account details.
- Submit Nominee Name, relation with you.
- Done! Your account on Groww App has been created successfully.
Various Mutual Fund Options
In Groww Mutual Fund App there are many options available for investment. Few of them are-
- High Returns.
- Tax Saving.
- Better than FD.
- SIP with ₹500.
- Gold Funds.
You can start investment in Groww Mutual Fund App in One Time or Monthly SIP. If you select One Time Investment option then you can start with as low as ₹5000 in India. Whereas if you select monthly SIP then you can start it with from Rs 500 as well.
How To Start SIP
If you want to start a SIP in Groww Mutual Fund App is very easy and simple. There are few steps you have to complete for starting investment in Groww App.
- First of all, click on Explore Mutual Funds option.
- Search or choose a mutual fund on which you want to start SIP.
- Choose ‘Monthly SIP’.
- Enter the amount to invest.
- Pay via UPI/ Netbanking or Bank Transfer (NEFT).
So this is some few simple steps for starting a SIP in Groww App.
Invest in Mutual Fund
Like SIP investing is also very simple in Groww App.
- Open Groww App and choose a mutual fund.
- Select Monthly SIP or One Time.
- Enter amount (minimum Rs 5000 for One Time).
- Pay the amount via UPI, Bank Transfer or Net Banking.
How To Withdraw Money From Groww App
If you want to withdraw your funds from Groww Mutual Funds App then you can do by following below steps. Please note once you submit withdrawal request it will take some time to reflect on your bank. Usually it takes 3-4 days, so keep calm after withdrawal request submission.
Also remember if you invested in Tax Saving Funds, then it is locked for 3 years.
- Open Groww Mutual Fund App.
- Tap on Dashboard option.
- Select Mutual Fund which you want to redeem from.
- Then press the Redeem button.
- Enter the amount to redeem.
- Now press on ‘Confirm Withdrawal’.
Related: PhonePe Liquid Fund
How To Add Money in Groww Mutual Fund App
Like other popular apps Gorww also launched add money offers. Few days ago Amazon Add Money offer was launched. A lot of people applied those kinds of offer to earn some cashback.
If you don’t know how to add money in Groww App then read below steps.
- Open Groww App.
- Tap on ‘Groww Balance’.
- Enter the amount and add money.
- complete payment using UPI, NEFT, Net Banking etc.
Groww App Referral Code
If you have a few numbers of followers then without investing you can earn money from Groww App. I like this Groww App Referral Code offers a lot. Because it helps me to earn some extra money by inviting a friend.
You can earn up to rs 10000 per invite. This is very much similar to Google Pay Invite and Earn Offer. Every time a new friend sign up on Groww App using your invite code you will get a Green card. Follow Groww App official terms and conditions for more info.
- Open Groww App.
- Tap on ‘You’ in the below section.
- Scroll down and tap on ‘Invite and Earn Rewards’.
- Tap on ‘Share on Whatsapp’.
I have written this Groww App Review because I have been using it since last one month. My experience with this app was fantastic so far. If you want to start investing in mutual funds then Groww App will be a good choice for you.
You can start One Time or Monthly SIP in Groww Mutual Fund App. If you wish One time then you can start it with as low as Rs 5000. But in Monthly SIP you can start investment from Rs 500.
A lot of users don’t want to start invest. In this case you can use referral offer as well. if you share your Groww Referral Code with your friends or family and if they sign up then you can earn money as well.
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