Groww offers Digital Gold of 99.9% purity that you can purchase, sell, and accumulate anytime.
Digital Gold on Groww
Digital Gold is a convenient and cost-effective way of purchasing gold online. Stored in 100% secured vaults and insured, you can view your purchased Digital Gold in your gold locker, which is a digital version for your holdings.
Purchase gold in fractions for as low as Rs 10
Liquidate your Digital Gold and get your money in 2 days
Stored in secured vaults and insured (verified by an independent trustee)
Live market price tracking and zero making charges
Balance your portfolio with Digital Gold to reduce risk concentration
Convert your Digital Gold to physical gold in the form of coins/bars/jewellery (coming soon)
How It Works
Get started with these easy steps.
Enter the amount
You can input your desired purchase amount in rupees or grams of gold.
Buy in one-click
Review your order and place order using UPI/Netbanking within the 5-minute price window.
Secured and insured
Your gold locker will be updated, where you can view your purchased Digital Gold holdings.
Groww has partnered with Augmont Goldtech Pvt. Ltd.
An integrated precious metals management company.
Creating proud investors.
You can feel the pride of being a Groww investor in their words.
Digital Gold is a convenient and cost-effective way of purchasing gold online. You can buy, sell, and accumulate gold of 99.90% purity in fractions anytime — all you need is your laptop/desktop and access to the internet.
Where does Groww get the gold from?
To provide you pure and top-quality bullion, Groww has partnered with Augmont Goldtech Pvt. Ltd.— an integrated precious metals management company. All purchase/sell transactions of Digital Gold will be directly with Augmont Goldtech Pvt. Ltd. Augmont also has businesses in gold refining and manufacturing of tamper-proof packaged jewellery.
What is the Gold Locker?
Gold Locker is a digital version of your holdings, wherein you can view your Digital Gold transactions.
What is purity of the gold offered by Augmont?
Augmont offers 24-Karat gold of 999 purity (99.90% pure).
What are the charges applicable?
Charges during purchase:
The live price is quoted on the basis of wholesale prices in the spot market. The gold rate excludes taxes, making charges and delivery charges. 3% GST is applicable while buying gold .
Charges during sale:
When you are selling your gold back to Augmont, you can sell it back at the live price on a real time basis. There are no additional charges applicable.
What are the taxes involved?
The gold rates shown on Groww at the time of purchasing/selling is exclusive of taxes. However, tax on income from sale of gold is applicable.
Download Groww on your phone for the best investing experience
Groww is an investing platform where users can find the best mutual funds to invest in and can invest their money without any hassles. Groww provides objective evaluation of mutual funds and does not advice or recommend any mutual fund or portfolios. Investor shall invest with their own descretion. Groww does not guarantee any returns and safety of capital.
Groww helps investors in the following way
· By providing objective evaluation of products available on Groww
· By bringing up red flags, if any, involved in the products. However Groww does not guarantee to bring out all red flags
· By being transparent about fees and charges involved in investing in a product
· By clearly representing the risk associated with buying a product
SECURE TRANSACTIONS ON GROWW
All transactions on Groww are safe and secure. Users can invest through SIP or Lumpsum using Netbanking through all supported banks. It uses BSE Star MF (with Member code 11724) as transaction platform.
MUTUAL FUNDS SAHI HAI
Mutual fund investments are very popular with individual investors because of the benefits they provide. Among the many advantages, the most important factors that drive investors to mutual funds are that Investors can
- Start with any amount (as low as 500)
- Diversify across multiple stocks and other instruments like debt, gold etc.
- Start automated monthly investments (SIP)
- Invest without requiring to open DMAT account
All type of mutual funds are available on Groww.
INVESTING IN MUTUAL FUND PORTFOLIOS
Portfolio is collection of mutual funds designed to meet your investment goals. Investing in mutual fund portfolios helps you in diversifying your investments and reduces the risk. Portfolios also help you in assigning an investment goals and make it easy for you to save for and achieve your goals. You can create a portfolio yourself or ask an expert to build it for you.
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· Awareness regarding guidelines on Margin collection
1. Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020.
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3. Pay 20% upfront margin of the transaction value to trade in cash market segment.
4. Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard.
5. Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month.
Issued in the interest of Investors
NextBillion Technology Private Limited is a member of NSE & BSE with SEBI Registration no: INZ000208032, Depository Participant of CDSL Depository with SEBI Registration no: IN-DP-417-2019 and Mutual Fund distributor with AMFI Registration No: ARN-111686. Registered office and Correspondence office - No.11, 2nd floor, 80 FT Road, 4th Block, S.T Bed, Koramangala, Bengaluru – 560034. For any grievances related to Stock Broking/DP, please write to [email protected] , please ensure you carefully read the Risk Disclosure Document as prescribed by SEBI.
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