Groww is one of India’s most popular investment platforms, especially among beginners. It started as a mutual fund investment app and later expanded into stocks, ETFs, IPOs, and more. Known for its clean interface and simple onboarding, Groww makes investing feel easy even for first-time users.
Now coming to the main question—can you buy mutual funds on Groww? Yes, you can. In fact, mutual funds are one of the core features of Groww.
How Mutual Funds Work on Groww
Groww offers direct mutual funds, which means you invest without any middleman commission.
What this means:
- Lower expense ratio
- Better long-term returns
- No distributor fees
You can invest in:
- Equity funds
- Debt funds
- Hybrid funds
- ELSS (tax-saving funds)
Where to Find Mutual Funds in Groww
Mutual funds are fully integrated into the Groww app.
Steps to access:
- Open the Groww app
- Go to the “Mutual Funds” section
- Browse categories or search directly
- Select a fund
Everything is designed to be simple and beginner-friendly.
How to Buy Mutual Funds on Groww
The process is very smooth.
Steps:
- Log in to your Groww account
- Search for your preferred mutual fund
- Choose investment type:
- SIP (Systematic Investment Plan)
- Lump sum
- Enter amount
- Complete payment
Your investment will reflect in your dashboard shortly.
SIP vs Lump Sum on Groww
Groww supports both options.
SIP (Systematic Investment Plan)
- Invest small amounts regularly
- Ideal for beginners
- Reduces market timing risk
Lump Sum
- One-time investment
- Good when market is low
- Requires planning
Charges and Fees
Groww does not charge commission on direct mutual funds.
However:
- Expense ratio of the fund applies
- No hidden charges from Groww
This makes it a cost-effective option.
Do You Need a Demat Account?
No, mutual funds on Groww are held in non-demat format.
Benefits:
- Simpler process
- Faster redemption
- No Demat complications
Can You Track Mutual Funds Easily?
Yes, Groww provides a clean dashboard where you can:
- Track returns
- Monitor SIPs
- View portfolio performance
- Redeem anytime
Everything is available in one place.
Advantages of Buying Mutual Funds on Groww
- Direct mutual funds (no commission)
- Very easy interface
- Best for beginners
- Fast setup and investment
- All-in-one investment platform
Limitations to Know
- Limited advanced research tools
- Not ideal for deep analysis
- Basic features compared to pro platforms
Is Groww Good for Mutual Funds?
Yes, especially if:
- You are a beginner
- You want a simple app
- You prefer direct mutual funds
Groww is actually one of the easiest platforms to start mutual fund investing in India.
Final Thoughts
To put it simply, Groww is built for mutual fund investing, so buying mutual funds on it is smooth and hassle-free.
In practical terms:
- Easy to use
- No commission
- Quick investment process
If you’re starting your investment journey, Groww is one of the most beginner-friendly options available today.