Buying stocks in Groww is very simple. you can use the Web browser or the Mobile Application to buy the desired stocks. To buy the stocks of the desired company you can follow the steps discussed below to complete the process seamlessly. But first, you have to ensure that you have completed all the important procedures of the Demat & Trading account opening process with Groww.
Groww-
Groww is an online investment platform that allows users to invest in Stocks, Mutual Funds, Gold, FD’s, etc. It is headquartered in Bangalore and is one of the fastest-growing brokers in India with an active customer base of more than 6.5 Lacks.
Groww started the individual Stocks investing section in 2020, before that one could only invest in Mutual Funds on Groww.
To Buy Stocks in Groww-
To buy stocks in Groww, one has to ensure a few things-
- Have the necessary documents
- Ensure the Successful opening of the Demat & Trading account.
- Get the UID (Unique Identification Number) number from the broker after completing the Full KYC.
- After completing all the necessary procedures, ensure that the required funds are added to the account to buy the desired stocks.
Once the above steps are completed, one can now buy stocks from Groww’s Mobile Application or using the Web application.
Using the Web Application-
To Buy stocks using the Web Application the following Steps should be followed-
- Open the Groww Web application by visiting “www.groww.in” and enter the required credentials.
- Go to the Search Tab and enter the Name of the company whose stock you want to purchase. After that, a separate window will open of that particular Stock
- Select the “Type” on the left side as “Delivery” if want to buy the stocks for the Long term or select “Intraday” if you want to sell the shares on the same day itself.
- Select the Exchange “NSE or BSE” in the “Shares” option. This will select the Exchange from which your order will get executed.
- After selecting the exchange select the price type that you want to buy your shares. If you want your order to get executed at the current market price then select “Market” and if you want to buy it at a certain price then select “Limit” from the “Price” section.
- Now that all the above categories are done enter the Quantity under the “Net Positions” section. If you have sufficient funds then the order can be executed or else a message will be shown at the bottom to “add funds” if there are insufficient funds in your account.
- After completing the above steps click on the “Buy” button in green color on the bottom. This will complete the process of purchasing the stock, and it will be delivered to your account in T+2 (Trading +2) days.
To buy stocks from the mobile application-
To buy Stocks from the mobile application the steps are almost the same as the Web application. One will have the select and add the particular stock to the wishlist and follow the same procedure to buy it as mentioned above. The only difference in the process is to add the stocks to the wishlist before buying them in the Groww mobile application.
Conclusion- To conclude, buying stocks in Groww is a very simple process but you will need to do your own research (Fundamental and Technical Analysis) on the company and find your Risk profile before purchasing the stock or investing in any company.