What is Groww App and is it right to invest with Groww App? Perhaps the same question is coming in your mind, so in today’s post we will tell you about Groww app in full detail.
Friends, if you like to invest in Mutual Funds, then this post is of great use to you. Let me first tell you what are the 2 ways to invest in Mutual Funds?
What are the ways to invest in Mutual Funds?
2 ways to invest in Mutual Fund-
You can invest direct in Mutual Funds.
Or you can invest indirect in Mutual Funds.
What is Mutual Fund Direct Medium?
If you buy Mutual Fund directly from the company, then it is called Mutual Fund Direct Medium. This simply means that if the company has profit, then some part of the profit will be received directly by you, that is, no third party gets the money.
Who should use Mutual Fund Direct Medium :-
If you have a lot of knowledge of investing, when, how and at what time you should invest, then my advice to you is that you use Mutual Fund direct medium.
What is a Mutual Fund indirect medium?
If you buy the mutual fund of the company through an agent, then it is called mutual fund indirect medium?
Who should use Mutual Fund indirect medium :-
Mutual Fund indirect medium should be done by those people who do not have proper knowledge of how to invest. That is, you will be able to get advice from your agent about when and how you should do it.
Let me now tell you how you can invest through mobile and internet. By the way, you will get thousands of websites or android apps to invest. But the one I liked the best is the Groww app. Yes friends, with the help of this app, you can easily invest through mobile.
What is Groww app?
Groww app is a mobile android app. With the help of this app, you can easily buy or sell mutual funds in any company. Although you get many facilities in this, but one of the best facilities is that you can easily know about your invested mutual fund.
Benefits of using Groww app
1.The first advantage will be that you can download this app in your mobile and you do not have to wander here and there.
2. In Groww app you upload all your documents electronically i.e. you do not need to submit hard copy of your documents anywhere.
3. It is available for you absolutely free, you do not have to pay any kind of charges for this.
4. You get good security in this, the company says that you are given high level security here, because of this your money is completely safe.
5. It is very easy to use this app, you will not face any kind of difficulties on investing.
How are Groww apps secure?
Friends, nowadays some get to hear that the company runs away with people’s money, because of this fear people shy away from investing that many companies will not run away with our money. We tell you how your money will be safe by investing through Groww app (Mutual Fund).
Groww app is a very good and reliable app, it is used not only by you but all over India. The specialty of this app is that all your information is stored using 256-bit encryption. But I cannot tell you whether you will get good profit if you invest or not.
Making good profit is up to you when and where you want to invest. You will get good returns only if you invest in the right place and you may have to bear the loss by investing in the wrong place. Therefore, to invest in Mutual Funds, take good information about when it is right to invest.
How to register in Groww app:-
By the way, I have already told you what is Groww app, what are the benefits of Groww app and how is Groww app safe, but now another question may be coming in your mind that how to finally register in Groww app. Let me tell you how to register in Groww app.
Process to register in Groww app
1. First of all you have to go to Google Play Store and download Groww app from there or click here to download
2. After installing the Groww app, open it, as soon as you open the Groww app, you will get three options, Login, Signup and Continue with Google. Here you have to click in the sign up option, if you want, you can also countinue with google, if you have signed up, then choose the option of login directly.
3. After clicking on the sign up option, you will be asked for your email address and password.
How to make strong password:-
* You have to create your password with letter and number.
* Any letter you must keep capital or small in it.
* You must use a sign like @, # in your password.
* Your password has now become a good and strong password.
4. After this, you will have to verify your mobile number, whatever mobile number you have entered, an OTP will be sent on it and after entering the OTP, proceed further by clicking on the verify number.
5. Now you will have to enter your own PAN card number and as soon as you enter your PAN card number, you will have to click on the Next key button.
6. Now you will be asked for some of your personal information such as name (which is written in the PAN card), date of birth, gender and nominee information, after feeling everything, proceed by clicking on the next button.
7. After this, the name of mother and father and whether you are single or married will have to be given, after filling it, click on next.
8. In this step you will be asked your bank details such as IFSC code, bank account number etc. After entering everything, proceed.
(Note- First you have to enter IFSC code and as soon as you click on Next, you will be asked for your account number)
9. In this step, you will be asked for a passport size photo, after uploading, proceed.
10. After uploading the photo, you will be asked for a video of your face up to 5 seconds, which you have to upload by clicking on the camera and you will have been given the option of camera.
11. In this step, you will be asked for the photo of PAN card, upload it and click on the option of Next.
(Note- To upload PAN card, you can upload a photo from your gallery or direct camera by clicking on it)
12. In this step you have to verify your address. To verify the address, you will be given four options, driving license or passport, addhar card or voter id.
13. After the document you will select, you will have to fill a form of the same document and after filling that form click on next.
14. When you follow all the above steps, you will see some kind of interface in front of you, in which there will be a check mark in front of Pan details, address details and personal details. If there is any mistake, then a mark of wrong will come in front of it, which you will have to correct.
15. If there is a tick mark in all your options, then click on I Agree.
16. In this step you will be asked for your electronic signature. Sign by touching the screen and click on Next button.
17. Congratulations, you have been registered in the Groww app, now you can invest your money.