how to buy etf on groww

Groww offers Indian investors the ability to diversify their portfolios with ease by providing a user-friendly platform to buy and track exchange-traded funds (ETFs), simplifying the investment process.

Oct 18, 2024 at 02:54 pm

How to Buy ETFs on Groww

Groww is a popular investment platform that allows Indian investors to invest in exchange-traded funds (ETFs). Here's a step-by-step guide on how to buy ETFs on Groww:

1. Open a Trading Account

• Visit the Groww website or download the Groww app.
• Click on "Open a free account" and provide your basic details.
• Submit your PAN card and AADHAAR card for KYC verification.

2. Add Funds to Your Account

• After successful verification, log in to your Groww account.
• Click on "Add Money" and select a payment method (UPI, NEFT, etc.).
• Enter the amount you wish to add and complete the transaction.

3. Search for an ETF

• Click on the "Markets" tab and scroll down to "ETFs."
• Use the search bar to find the ETF you want to invest in.

4. Place an Order

• Select the ETF and click on "Buy."
• Enter the number of units you want to purchase and the price at which you wish to buy.
• Review the order details and click on "Place Order."

5. Monitor Your Investment

• Once your order is executed, you can view your ETF investment in the "Portfolio" section.
• Track the performance of your ETF and make adjustments as needed.

Additional Tips:

• Before investing in any ETF, research and understand its underlying assets and investment strategy.
• Consider diversification by investing in multiple ETFs across different asset classes.
• Manage your risk and set stop-loss orders to minimize potential losses.
• ETFs bought on Groww are held in dematerialized form.
• Groww may charge a small brokerage fee for ETF purchases, so check the platform's pricing information before investing.