You can invest in the stock market through the Groww app. The app provides you with latest financial news and insights, end-to-end stock analysis, and a personalized watchlist to keep track of your investments. You can even buy mutual funds online using the app. You can also choose to receive email and SMS alerts when a stock reaches a certain price or market movement. The app has 4.4 stars on the Google Play store.
Before you invest in the stock market through Groww, you must first convert your currency into dollars. After you convert the money, you can invest it in Groww’s stock trading wallet. Different banks charge different rates for currency conversion. For example, the SBI bank charges higher rates for currency conversion than HDFC bank. However, you don’t have to worry about this if you have a net banking account.
The Groww app also offers the flexibility of closing or stopping a SIP at any time. You can do this from the app or the website. You can also view your balance anytime by using Groww’s SmartSave feature. A mutual fund is a liquid asset with low risk. You can use Groww’s account to invest in equity, mutual funds, and more. You can even invest in gold using the Groww app.
In case you’re new to the stock market, you can open an account through Groww’s App. The account opening process is simple and free. You’ll have to input some personal information, and submit a few documents to verify your identity. Once you have completed this process, you’ll receive an email with your login details. Once you have verified your identity, you can begin investing in the stock market.