2. About Groww
Groww is an investment platform that offers a new way of investing money with
stockbroking and direct mutual funds. user interface to make investing easy,
accessible, transparent, and paperless, enabling users to invest in mutual funds
without any hassles.
Founded in 2016, the Groww App is a simple and easy to use investment
platforms in India. It is one of the highly-rated apps in the Play Store and App
Store with a rating of over 4.4 and 4.5 stars respectively. With a safe and secure
and a high level of encryption standards, the company allows Stocks, mutual
funds, SIP and now IPO investments (IPO investments began from Feb 2021) via
the Groww app and web platform.
3. What is Demat Account?
Key Points:-
1. A dematerialized account is where you store your shares, bonds, government
securities and mutual funds in electronic format.
2. A trading account facilitates transactions of the shares, bonds, government
securities and mutual funds that you hold in your dematerialized account.
3. A trading account is a bridge between your bank account and your stock
account. You can transfer funds from your bank account to this account and
conduct transactions through a trading account.