What Is Grow App? How To Invest In It? [2022]

If we want to invest money in stock market or share market or mutual fund then it has become very easy for us to invest money nowadays. Many applications have come these days through which investing money has become very easy. One of these applications is Groww app which will provide you an easy interface . You will be able to easily invest money in stock market or mutual funds without any sound technical knowledge. In today’s post, we will understand in detail about this app and also see how to invest money through groww app.

What is groww app?

Groww app is an application through which we can invest in stock market, mutual fund, digital gold etc., that too in very easy way.

Along with this, through groww app, we can also invest our money in IPO, F&O and SGB etc.

Along with this, after investing the money, we can also keep an eye on that investment. And you can easily see the growth of your investments on a daily basis.

It is very easy to invest money in stock market or mutual fund through Grow app . Because its interface is very simple. So that it is easily understood by the people. This is the reason that this group has become more popular than other apps.

Who is the owner of groww app?

Friends, let me tell you that groww app Nextbillion Pvt Ltd. Developed by the company. And its CEO (CEO of grow app) is Lalit Kesari . Along with this, his partners in partnership are Harsh Jain, Neeraj Saini, Ishaan Bansal . Its head office is located in the city of Bangalore, Karnataka. It was launched in the month of April in 2016. Which has become quite popular today.

The popularity of this app can be gauged from the fact that the download of this app on the App Store of Android is 10 million . And with this its current rating is 4.6 out of 5 stars. Which is a very good rating. The current file size of this app is 32mb.

Is Groww app secure?

As we know that money is the most sensitive and important part of our life. So when we are asked to invest it somewhere, we often think where I am investing. Is that platform secure or not? Let us tell you that the groww app is a fully verified application by the government. Along with this, 3 awards have also been given to it so far.

In the session 2017 -18 this app has been given BSE STAR MUTUAL FUND AWARD .

In 2017-18 itself, it got BSE STAR MF FINTECH HIGHEST TRANSACTION AWARD for the third position.

In 2018-19, it was ranked first for the highest transaction in mutual funds .
So from all these things you can get an idea of how safe this app is.

How to create account in groww app?

Friends, before creating an account in groww app, we should know the necessary documents involved in it. The required documents are as follows.

  • Aadhar Card
  • mobile number
  • PAN card
  • a selfie
  • your signature
  • Bank account details

It needs to be noted in these documents that your Aadhar card should be linked with your mobile number . If your Aadhaar card is not linked with mobile number, then you will have to link it by visiting your nearest Aadhaar Enrollment Center. Because when you do eKYC in it, then OTP comes on the number linked to Aadhaar.

You do not need to upload any kind of documents in Groww app . In this, all you have to do is enter the PAN number, followed by the Aadhaar number, and after entering the OTP, take a selfie. After that a digital signature has to be done. After that your account will be created.

Process to create account in Groww app?

Step 1: First of all you have to go to your App Store/Play Store, Then Install The Groww Application

Step 2: In its second step, when the app will be installed, after that you will see an option of ‘Continue with google’ . Click on which you have to sign up with one of your Google accounts. Along with this, if you have any other type of email ID, then click on ‘Continue with other email’ given below it. When you click you will have to enter your mobile number. After entering the mobile number, an OTP will come on your number, which you will fill in it correctly and you will proceed.

Step 3: In the next step, we have to enter the PAN card number. In which there will be numbers along with alphabet. After entering, you will get the button of Create Account at the bottom which has to be clicked.

Step 4: In this step, you have to verify your Aadhaar. In this you will have to do Adhaar eSign verification . In which your Aadhaar should be linked with mobile number. In this you have to click on ‘Procced with adhaar esign ‘. After that you have to enter Aadhar number. After that after clicking on submit, you will get OTP on the mobile number linked with Aadhaar, which will have to be submitted after filling, after that your Aadhaar verification will be completed.

Step 5: After this, you will get the option of a digital signature, on which you will have to sign your signature with your hand, after that it will have to be saved by clicking on the save button.

Step 6: After doing this, a Digilocker dashboard will open in front of you. In which you can save all these types of documents if you want. The advantage of this is that at times when you need verification , this DG Locker automatically completes your verification.

Step 7: Apart from this, if you ask for gender, marital status etc., then you have to fill it and submit it. After that now you can easily invest in it.

How to invest in grow app?

Step 1: First you open your groww app ( Groww app in Hindi) , after that you have to enter the pin of your mobile to enter the pin or if your phone is fingerprinted , then open the app by putting your finger.

Step 2: As soon as you enter the PIN, you will see an interface like this . In which first you will already get a click on the stock option. Due to which you will see the stocks of all types of companies. You have to choose one of the companies in which you want to invest.

Step 3: Now after clicking on the name of the company, you will get to see something like this interface. In which you will see a ‘Buy’ button on the lower right side and ‘Sell’ button on the left.

In this, after clicking on the Buy button, you will see an interface like this.

In which how many shares do you have to take? And what is the value of 1 share, it will all be visible. And below you will see a button in which ‘Add money ‘ will be written.

This button is visible because you haven’t added money to Gru Wallet yet. So when you put money in groww wallet, then buy button will appear there. And when you start showing that button, after clicking you will buy the shares of that company.

After purchasing the stock, you need to click on the button on the dashboard above to view your purchased staff . After that you can watch live the rise and fall of the stock.

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