What is Groww App | Groww Refer and Earn
Groww is a trading platform where you can invest in stocks and mutual funds. It’s a digital investment platform. Founded in 2016, Groww is an investment platform. On this platform, you don’t have to pay annual maintenance charges, and it’s totally free to open an account on Groww
You can buy stocks, mutual funds, and SIP and apply for IPO through this platform. Other than the above ETFs and, futures & options trading is also available
Popular mutual funds like those below are listed on the Groww app. You can easily invest in them using Groww. You can make a lumpsum investment, or in the sip, it’s up to you
Over 5000 direct mutual funds are available to invest on the Groww app. Below are the most popular mutual funds that are available on the Groww app
- Mirae Asset Large Cap Fund Direct-Growth
- Axis Bluechip Fund Direct Plan-Growth
- DSP Tax saver fund
- SBI Bluechip Direct Plan-Growth.
- HDFC short-term debt funds
- ICICI Prudential Bluechip Fund Direct-Growth
- Kotak Bluechip Fund Direct-Growth.
- And many more
.
They recently launched instant loan features where you can take instant loans as per your needs
Groww also offer an excellent refer and earn program where you can invite your friends and make money out of it
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Groww refer and earn program
Groww referral program is only available to selected users. On referral, the referrer gets ₹100 cash in his Groww account. Earlier referred and referrer both used to get a reward but after 20th May 2022, because of some exchange regulations, only referrer get a cash reward of ₹100 in their account
Groww refer and earn program At a glance
- Signup bonus – no signup bonus after 20th May 2022
- Referral bonus – ₹100
- Earning cap- ₹100000 per month
Who is eligible for Groww refer and earn program
Right now Groww refer and earn program is available for only selected users. Groww decides who to allow in the Groww refer and earn program, considering various factors.
How to check your eligibility
Signup on Groww; click on your profile in the top right corner. Then on opened tab, go to refer & earn link. If you are eligible “share and invite link” will be visible to you.
How to refer people to Groww refer and earn program
You can share the link with your contact. Ask them if they are interested in investing in the share market. If they are interested, then share your referral link with them. Tell them if they need a Demat account, then use your link to open a Demat account on Groww.
Once they complete the account opening process, the cash reward will be credited to your account.
Other than referring known and friends to Groww, you can promote Groww on social media. If you are a social media influencer or Finance influencer, you can share the Groww invite link with your audience.
By promoting Groww on social media, you can earn up to 1 lakh a month
Grow refer and earn terms & conditions
- You must have an active Groww stock account can earn ₹100 on every successful referral
- In a month, you can maximum earn is 1 lac; there is a one lakh earning cap in a month on referral income
Why open a Demat account on Groww
- Zero AMC charges; there are no maintenance charges on the Groww account. You only have to pay trade charges on per trade basis
- Account opening is user-friendly, and the process is online & free
- If you want to earn through Groww refer and earn program, then you must have an active Groww account
How to open a Demat account on the Groww app
So if you want to participate in Groww’s refer and earn program, you must have an active Groww account. Below is the procedure for opening a Demat account with the Groww app
You just need to follow 4 easy steps to open a Groww Demat account & activate refer and earn link.
- Submit all your details that are required and add a bank account
- Submit KYC details and required documents
- Review & sign the form online
- Invest so that they can review and activate your referral link
There are no opening account charges on the Groww app. Its totally free. Annual maintenance charges are also zero. You only have to pay per trade brokerage charges, which is ₹20 or 0.05%, which is low.
Account opening takes less than 24hrs after you successfully complete the form
Document required to open Demat account on Groww app
- Aadhaar card
- Voter ID card
- PAN card
- Driving License