Table of Contents
Introduction
As someone who is just starting out, do you feel that investing in the stock market is quite complicated? But with the right tools, it is pretty simple. If you’re wondering how to buy stocks on Groww, this guide delves deep through the entire process, right from account setup to placing your first buy order, that too in a clear and easy-to-understand way.
What is Groww and why choose it
1: What is a stock?
Groww has grown to be a popular investment platform in India. An amazing feature of Groww is that it lets individual investors buy and sell stocks, mutual funds, ETFs, and more, all through a simple online interface. From a user’s perspective, a major benefit of using Groww is that it supports a completely paperless signup process to open a DEMAT and trading account. Due to this reason, the platform becomes accessible even for absolute beginners.
The user-friendly mobile app and web platform of Groww deserves a special mention here. The other attractive features include price charts, market depth, watchlists, and real-time updates. Apart from that, it also supports both delivery (long-term investing) and intraday trading.
Due to its ease of use, zero account opening charges, and transparent process, Groww would be a great starting point if you are asking yourself how to buy stocks on Groww for the first time.
Pre-requisites before buying stocks on Groww
Here’s the list of things you need to ensure before buying a stock on Groww:
- PAN (Permanent Account Number): As per Indian regulations, a valid PAN is required to trade in the stock market. Without it, you can’t buy shares online.
- Demat and Trading Account: Shares in India are held electronically in a Demat (dematerialised) account. Groww allows users to open a combined Demat + trading account fully online and paperless.
- Bank Account linked: Your bank account needs to be linked so that funds can move seamlessly between your bank and Groww for buying or selling shares.
- KYC documents: Typically you will need PAN, an Aadhaar card (or other ID proofs), and complete e-KYC / e-sign process. Groww supports Aadhaar-based e-sign for easy verification.
- Sufficient funds: Before placing a buy order, ensure you have enough money in your linked bank account (or Groww balance) to cover the purchase.
Once these are in place and your account is activated (usually within 24–48 hours of completing KYC), you are all set to start investing.
Step-by-step procedure: how to buy stocks on Groww
Here’s a straightforward, step-by-step process for buying stocks on Groww:
Download and sign up
- Download the Groww app (Android or iOS) or visit their website.
- Sign up using your email or mobile number.
Complete KYC and open Demat + Trading account
- Provide PAN, Aadhaar / other ID proof, bank details.
- Complete e-KYC / Aadhaar verification and e-sign the agreement.
- Wait for account activation (usually within a day or two).
Add funds to your account
- Link your bank account if it is not done already.
- Transfer the amount you wish to invest via supported modes such as UPI, net-banking, etc.
Explore and choose a stock
- Use the search bar in Groww and type the name or symbol of the stock you want.
- Check details, price chart, market depth, recent performance, company info. This is a good time to analyse whether you want to buy.
Place a buy order
- Click the “Buy” button.
- Specify the quantity (number of shares).
- Choose order type:
- Market Order: buy at the current market price (fastest).
- Limit Order: set a price at which you wish to buy; order executes only if price reaches that level.
- Confirm the order.
Verify order and check Holdings
- Once the order executes, the shares will reflect in your “Holdings” (or equivalent) section.
- Your bank account will be debited and Demat account credited accordingly.
That’s how to buy stocks on Groww in a few simple steps.
Understanding order types & execution (Market vs Limit)
When buying stocks on Groww (or any brokerage), you’ll usually get to choose between two main order types: Market Order and Limit Order.
- Market Order: This executes immediately at the current market price. It’s simple and quick — useful when you want to ensure your buy goes through right away. However, you may not get an exact price, especially in volatile markets.
- Limit Order: This gives you control over the price you pay. You set a maximum price you’re willing to pay. If the stock reaches that price, the order executes; otherwise, it stays pending. This is useful when you are targeting a particular buy price.
For beginners especially, limit orders can provide more control and reduce the risk of overpaying during market volatility.
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Know moreFees, charges and other costs to be aware of
Using Groww is relatively cost-effective compared to many traditional brokers. But there are some charges — knowing them helps you plan better:
- Growing an account on Groww is free, there are no charges for opening a Demat + trading account.
- For equity delivery trades (i.e. when you buy stocks to hold), brokerage is either a fixed amount or a percentage of transaction value, whichever is lower.
- For intraday or F&O trades, there are charges per executed order.
- There are no account maintenance charges.
- Since Groww handles Demat electronically, there are no paperwork costs; settlement happens seamlessly.
While costs are low and transparent, always check the order charges especially if you plan multiple small trades, fees may eat into gains if trade values are small.
Tips for new investors on Groww
If you’re just starting out, here are some useful tips to make your first stock investment wiser:
- Do your research: Before buying, check company fundamentals, historical price chart, recent news, and analyst commentary. Don’t blindly rely on tips.
- Use limit orders when possible: This gives you control over entry price and reduces risk of paying more in volatile conditions.
- Start small: If you are just starting, invest an amount you are comfortable with. Gradually, you can scale up.
- Diversify your investments: Instead of investing all your money in a single stock, spread it across different companies/sectors so that the risk will be low.
- Track regularly: Use Groww’s dashboard to monitor your holdings, market changes, and stay updated with relevant corporate news.
- Long-term mindset vs trading mindset: If you are looking for long-term growth, treat stocks as investments rather than quick trades. Say ‘no’ to emotional reactions when there are short-term fluctuations.
- Understand associated costs: Even though brokerage is low, frequent trading or small-value trades may adversely affect your returns due to the transaction costs involved in it.
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Parting Words
Hope you are all geared up to invest in stocks. However, before taking that step it is quite important to have a deep understanding of the technical concepts of the stock market. Here all you need is a trusted platform and a bunch of experienced mentors. Entri Finacademy, a SEBI-compliant finance education platform with over 9 million students, has been offering stock market courses since 2017. Entri’s courses are designed in such a way that even those who are absolute beginners can learn stock markets, right from the scratch. To add on, there is also the option to learn stock markets in regional languages, including Malayalam. To know more about Entri Finacademy’ courses, click here.
Key Takeaways
- Buying stocks on Groww is simple and beginner-friendly, as you just need PAN, a linked bank account, and to complete KYC for a Demat + trading account.
- Groww offers basic order types (market and limit), and lets you buy shares in a few taps.
- With a transparent fee structure and zero account opening charges, Groww is cost-effective for most investors.
- Start small, do your homework, and keep a long-term view so that it can help you deal with the stock market more wisely.
- Always invest responsibly as stocks are subject to market risks; don’t invest more than you can afford to lose.
Reviewed & Monitored by SEBI Registered RA Stock Market Training
Trusted, practical strategies to help you grow with confidence. Enroll now and start investing the right way.
Know moreFrequently Asked Questions
How soon can I start buying stocks after signing up on Groww?
Usually within 24–48 hours of completing your KYC and e-sign process, Groww activates your Demat + trading account. Once activated and your bank is linked, you can start investing.
Do I need to pay any account opening or maintenance charges?
No. Groww offers free account opening and there are no maintenance charges for the Demat + trading account.
What order types can I use when buying stocks on Groww?
Groww supports at least two common order types: Market Order that executes immediately at current market price and Limit Order that executes only when stock reaches the price you set.
Among Market Order and Limit Order, which one is better to use?
If you want your order executed immediately, use Market Order. If you have a target price and are okay waiting until it’s met, Limit Order gives better control. For beginners, Limit Orders often help avoid overpaying in volatile markets.
Can I invest small amounts such as Rs 1000 or 2000 on Groww?
Yes, Groww allows you to start small. However, consider brokerage and other charges: small investments or frequent small trades may reduce net returns. Start small but aim to build over time.
How will I know when my shares appear in my account?
Once your buy order executes, the shares get credited to your Demat account. You can check them under “Holdings” (or equivalent) in Groww, and your bank account will show the debit for the transaction.
Does Groww provide any kind of investment advice or stock recommendations?
No. Groww does not provide any kind of personalized investment advice. It offers tools like charts, market data, and analysis, but decisions to buy or sell are entirely up to you.
