Is Groww SEBI Registered: A Comprehensive Guide
Groww: A SEBI-Registered Investment Platform
As a user of online investment platforms, it is crucial to ensure that your chosen platform is regulated by the appropriate authorities. One such platform is Groww, which is registered with the Securities and Exchange Board of India (SEBI) as a stockbroker. Here, we will discuss the SEBI registration details of Groww and other related regulatory information.
SEBI Registration Details of Groww
Groww operates under the name NextBillion Technology Private Limited and is registered with SEBI as a stockbroker. The SEBI Registration number for Groww is INZ000208032. This indicates that Groww is a registered entity under SEBI and hence, adheres to the regulatory guidelines set by the authorities.
SEBI Registration and Mutual Fund Advisor
NextBillion Technology Private Limited is not only a stockbroker but also functions as a mutual fund advisor, registered with the Association of Mutual Funds in India (AMFI). The AMFI Registration number (ARN) for NextBillion Technology is ARN-111686. Additionally, the company is registered with the Bombay Stock Exchange (BSE) as a mutual fund distributor. The Distributor Code Number for NextBillion is 11724.
It is evident that when considering online investment platforms, users often seek verification through SEBI registration details. I have been using Groww for mutual fund and stock investments, and to date, I have not encountered any issues. In fact, I find the platform user-friendly and easy to navigate due to its intuitive interface.
Features and User Experience
Investment Segments: Groww offers a variety of investment options such as mutual funds, stocks, and recently introduced online gold. Each product category has its own section with detailed investment information, making it easier to manage all your investments.
Stocks and Mutual Funds
For stocks, Groww provides a section for stocks in the news, top gainers, and top losers. This keeps you updated with the latest market trends and helps you make informed investment decisions.
Meanwhile, for mutual funds, Groww offers a rich collection based on various parameters. This includes high-return mutual funds, tax-saving options, best-of-class companies, Systematic Investment Plans (SIP) with a minimum of 500, and sector-specific investments. This diversity in investment options allows users to align their investments with their financial goals more effectively.
Additional Regulatory Certifications of Groww
Besides SEBI registration, Groww is also registered with the Association of Mutual Funds in India (AMFI) and the Bombay Stock Exchange (BSE). You can verify these certifications through the relevant documents available online.
SEBI Registered Adviser under Finvantage
Groww is also a SEBI-registered investment adviser functions under the name of Finvantage Investment Adviser Private Limited, based out of Bangalore. The registration number for Finvantage is INA20008981. Users can also verify their SEBI and AMFI certifications and BSE registration documentations.
In conclusion, choosing a SEBI-registered investment platform like Groww ensures that your investments are secured and monitored by regulatory bodies. The user-friendly interface and diverse investment options make it an attractive choice for both novice and experienced investors. Ensure you verify the registration details and certifications provided before making any investments.