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.

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