About Groww
Groww is an investment platform that offers a new way of investing money with stockbroking and direct mutual funds. user interface to make investing easy, accessible, transparent, and paperless, enabling users to invest in mutual funds without any hassles.
Founded in 2016, the Groww App is a simple and easy to use investment platforms in India. It is one of the highly-rated apps in the Play Store and App Store with a rating of over 4.4 and 4.5 stars respectively. With a safe and secure and a high level of encryption standards, the company allows Stocks, mutual funds, SIP and now IPO investments (IPO investments began from Feb 2021) via the Groww app and web platform.
What is Demat Account?
Key Points:-
1. A dematerialized account is where you store your shares, bonds, government securities and mutual funds in electronic format.
2. A trading account facilitates transactions of the shares, bonds, government securities and mutual funds that you hold in your dematerialized account.
3. A trading account is a bridge between your bank account and your stock account. You can transfer funds from your bank account to this account and conduct transactions through a trading account.