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Groww App: Online Direct Mutual Fund Investment App

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With a plethora of apps available nowadays for everything, who’d have known investing in mutual funds would be made easy with the use of one too? Here, I am talking about Groww App. It is India’s highest rated mutual fund investment app and while it grows, it has brought on the table a platform that educates investors with the most plausible modern day approach – the use of social media, technology and data science. Groww is located in Bengaluru and it aims to make the entire process of mutual funds investment not just simple, but also hassle-free.

 

Let’s have a quick look at the features it has to offer:

User Interface:

It is basic, not too complicated and has been designed with keeping in mind the best interests of the users. It also has suggestions on funds you can invest based on your requirements.

Investments:

The investment category has options to choose from and you can pick the one whichever suits you the best. With its integrated features, the app has a description of what you’re about to invest in, calculates the SIP, it’s returns, pros and cons, and lists down comparisons. Your transactions happen through BSE (Groww transaction partners), thereby making it safe and viable for investments or sale at any time.

In addition, it also offers a Direct Mutual Fund scheme where it allows you to get higher returns unlike the regular plan where you’d need a bank, and advisory or a broker where the company will have to bear a commission.

Groww makes doing SIP completely painless. Earlier, one needed to sign a few documents, give bank mandate and wait for 7-15 days for starting SIP. There was never an instant, on-mobile way of doing the SIP. Groww is India’s first app to offer 100% online investment.

The Personal Touch:

For a newbie, the app lists down a number of funds best suited for beginners. With categories like top high return funds, top tax saving etc., you'll be able to pick your choice just fine and as you’d like.

Keeps You Well Informed:

One of the best features that it has to offer is all the insights from the world of finance. And, if you’re a newbie, you’d love this addition on the app. The channel, ‘Xperts’ has channels that will kept you abreast with what is happening the world of investments and finance. It’s like a community where you can share, discuss, learn!

Tracking and Status:

You can always have the current information of your holdings handy, and track the returns. In fact, you have invested earlier through any agent, bank or offline, you can track your investments on Groww app.

Safe and Sound:

Groww handles all data and transactions very carefully. For payment, they have partnered with BSE. The details such as units, nav, total current value, profit/loss are shared very transparently on the App. So, all your money is infact with the mutual fund company.

Offerings:

You can choose from equity funds, ultra short-term debt funds, liquid funds; small cap, large cap, multi-cap, mid cap – for the long term and higher returns. If not, you can pick balanced funds, sector funds, gold funds or international funds, all right at this place.

List Of Mutual Fund Companies On Grow Mutual Fund App:

ICICI PRUDENTIAL , HDFC , RELIANCE , ADITYA BIRLA SUN LIFE , SBI , UTI , FRANKLIN TEMPLETON , KOTAK MAHINDRA , JM FINANCIAL , BARODA PIONEER , CANARA ROBECO , HSBC , IDBI , INDIABULLS , MOTILAL OSWAL , BNP PARIBAS , MIRAE ASSET, IDFC , DSP BLACKROCK , AXIS , TATA , L&T , SUNDARAM , DHFL PRAMERICA , INVESCO , LIC , PRINCIPAL , BOI AXA , UNION KBC , TAURUS , EDELWEISS , ESSEL , MAHINDRA , QUANTUM , PPFAS , IIFL , ESCORTS. 35+ Fund houses, 2500+ mutual funds, 1 platform – Groww.

To sum it up, your transactions are safe, you are well informed and there’s nothing you wouldn’t understand since it’s different from other online platforms you use for transactions. In the current era of digitization, Groww is your best chance at understanding and investing in mutual funds and SIPs.

 

The risks aren’t very high, and you can start with whatever amount suits you the best. Since the app aims to create awareness about mutual funds, it is sure to attract the current youth. If you’re looking to invest, then Groww is a good start.

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