Announcements and Updates

18 December 2021
11:57 am
Flashback ‘21

2021 was a difficult year for all of us. We all lived in the uncertainty of the pandemic and covid confined us to our homes. Flashback is an attempt to bring a smile to your face, remind you of some happy moments we spent together and how you’ve grown as an investor. 

We have only considered data till 10 December 2021, for the calculations. Anyone who onboards Groww after December 10, will see a generic Flashback of the overall year.

1. How do I check out my Flashback 2021? 

Flashback will be available to you upon clicking the Groww logo. 

2. Where is my dividend? How was it calculated?  

In the majority of cases, when a stock you own gives out dividends, it usually transfers the money directly to your bank accounts. Check your bank account statement (linked to Groww) to confirm the same. We’ll soon begin sharing the information regarding dividends via emails and notifications. 

We calculated the dividend you received based on your holdings with Groww and the ex-date of different stocks 

3. How are my favourite stocks identified?

We found out your favorite stocks based on two factors: 

  • Amount transacted 
  • Stock you tracked the most on Groww

If this is not the stock you earned the most profit in, don’t worry. We don’t always get back the love we give. 

4. How was my favourite mutual fund (MF) decided? 

Your favourite MF was decided based on the number of orders you placed in 2021. So the three your most placed orders are shown as your favourites.   

5. What does the number of stocks and MF on the second slide indicate?

Number of stocks and MF indicates the number of distinct stocks and MF you invested your money in. 

6. How are the badges of “Pioneer”, “Explorer” and “Adventurer” given?

The amount of time spent by a user while using Groww is calculated for every user. On the basis of the minutes spent, we have given the following badges to our users: 

  • Top 5% users: Pioneer
  • 5-10% users: Adventurer
  • Rest: Explorers  

Do share your feedback on Flashback here

02 November 2021
11:30 am
Impact of Diwali Holidays on your transactions

Impact of Diwali holidays on Mutual Fund orders

Mutual Fund markets will also remain closed on November 4  and 5 (Thursday and Friday) due to Diwali. The markets will also remain closed on November 6 and 7 (Saturday and Sunday) as they are falling on the weekend. Your purchase and redemption orders will be impacted accordingly as the markets will remain closed.

Here are the details:

Purchase orders
Order placed on Applicable NAV date Order execution and unit allocation
November 3 during MF market hours November 3 (depending on fund realisation)

Order will be executed based on fund realisation.

Units will be allocated within 2 working days after the order is executed on exchange.

November 4-7 November 8 Order will be executed at the exchange on November 8.Units will be allocated within 2 working days after November 8.

 

Redemption/sell orders
Order placed on Applicable NAV date Amount withdrawal date
Orders placed on November 3 during MF market hours November 3 Amount withdrawal to the account (Groww balance or bank account) will take 4 days longer than usual.
So if a fund takes 3 working days to settle your redemption amount and you redeem on November 3, you will receive the amount on November 10.
November 4 to November 7 November 8

Order will be executed at the exchange on November 8.Amount withdrawal will follow the fund’s general turn-around-time (TAT) for redemption orders after November 8.

So if a fund takes 3 working days to settle your redemption amount and you redeem on November 5, you will receive the amount on November 11, which is 3 working days after November 8.

Impact of Diwali holidays on SIP Instalments

In case any of your SIPs were due between November 4 and November 7, it will be impacted in the following manner:

SIP Instalments
SIP instalment date NAV date for SIP instalment SIP deduction date
November 4-November 7 November 8

Amount will be deducted one day before your chosen SIP day for the instalment.For example, say you have chosen the fifth of every month as your SIP day.  The money for the instalment due on November 5 will be deducted on November 4.

These orders will be executed on the exchange on November 8.

Impact of Diwali holidays on stocks transactions

Stock markets are shut on November 4 and 5 (Thursday and Friday). Your orders will get impacted accordingly as the holidays will get extended to the weekend (November 6 and 7) and the stock markets will be shut for a total of 4 days. However, the markets will be open for Muhurat trading between 6:15 p.m. and 7:15 a.m. on November 4.

  • If you sell any of your stocks on November 2, the amount will be available to withdraw on November 8 instead due to upcoming holidays. On usual days, the amount would’ve been available to withdraw on November 4.
  • If you sell your stocks on November 3, the amount will be available to withdraw on November 9.
25 May 2021
01:30 pm
BSE Holiday for Debt & Liquid Funds

As per BSE Circular 20210524-37, May 26 has been declared as a non-business day for debt and liquid funds on account of Buddha Purnima.

Debt and liquid fund orders will not be processed on May 26.

New orders placed will be processed on the next working day, which is May 27.

14 April 2021
12:00 pm
Market Holiday on April 14

Stock markets are closed on April 14 on account of Dr Baba Saheb Ambedkar Jayanti.

Mutual fund orders placed on April 14 will be processed on the next working day, which is April 15.

13 April 2021
01:15 pm
Settlement Holiday | Stocks

There is a bank settlement holiday on April 13.

Here’s what you need to keep in mind with respect to your stock trades and investments:

  • Stock Delivery in Demat Account: Any stock which supposed to be delivered to your Demat account on April 13,  will be delivered on April 15.
  • BTST Orders: There is a risk of auction for all BTST orders placed during all settlement holidays. We request you to take your positions at your own discretion.
12 April 2021
12:15 pm
BSE Holiday for Debt & Liquid Funds

As per BSE Circular 20210411-1, April 13 has been declared as a non-business day for debt and liquid funds on account of Gudi Padwa.

Debt and liquid fund orders will not be processed on April 13.

New orders placed will be processed on the next working day, which is April 15.

April 14 is a market holiday due to Ambedkar Jayanti.

05 April 2021
10:15 am
Non-Business Day for Select Schemes on April 5

As per communication from the respective mutual fund companies, that market will be closed for the below-mentioned schemes on April 5, 2021, on account of “Non-Business Day” on the BSE StAR MF Platform:

  • Edelweiss Greater China Equity Off-shore Fund
  • Edelweiss Asean Equity Off-shore Fund
  • Edelweiss Emerging Markets Opportunities Equity Off-shore Fund
  • Edelweiss Europe Dynamic Equity Off-shore Fund
  • Edelweiss US Value Equity Off-shore Fund
  • Edelweiss US Technology Equity Fund of Fund
  • Invesco India Feeder- Invesco Pan European Equity Fund
  • Invesco India Feeder- Invesco Global Equity Income Fund
  • Invesco India- Invesco Global Consumer Trend Fund of Funds
  • DSP World Gold Fund
  • DSP World Energy Fund
  • DSP World Mining Fund
  • DSP World Agriculture Fund
  • DSP US Flexible Equity Fund
  • DSP Global Allocation Fund
  • DSP Natural Resources and New Energy Fund

The following services will not be available for the above-mentioned schemes on April 5:

  1. Subscription
  2. Redemption
  3. SIP
  4. SWP
  5. STP
  6. Switch

SIP instalments which were due on April 5 for these schemes will be processed on the next working day, April 6.

31 March 2021
09:45 pm
Settlement Holiday on April 1 | Stocks

There is a bank settlement holiday on April 1.

Here’s what you need to keep in mind with respect to your stock trades and investments:

  • Stock Delivery in Demat Account: Any stock which supposed to be delivered to your Demat account on April 1,  will be delivered on April 5.
  • BTST Orders: There is a risk of auction for all BTST orders placed during all settlement holidays. We request you to take your positions at your own discretion.
30 March 2021
10:15 am
Holiday Calendar For Upcoming Mutual Fund Orders

Due to bank settlement holidays from March 31 to April 4 2021, all SIP instalments scheduled between  April 1 and 5 2021 will be deducted on March 30 2021.

This is in case your SIP mandate gets deducted through the Autopay via OTP/Form facility Groww.

For SIP instalments that are under the BSE Biller/OTM  mandate, the money will be deducted on April 5.

If you are planning to place a new purchase or redemption order in the next few days, be it a lump sum or a SIP, the order will not be processed on the same day due to the bank settlement holidays.

Read More on GrowwHoliday Calendar For Upcoming Mutual Fund Orders

23 March 2021
09:00 am
Google Fixes Issue That Caused Many Apps Including Groww To Crash For Many Users

Android users across the world reported an unusual error that caused many applications in their phones to crash. Many Groww users also reported an unusual app crash on March 22.

Google has confirmed in a statement that the error was due to Android System WebView. Android System WebView is a component powered by Google Chrome that lets Android applications display web content.

To fix the issue Google updated the Android System WebView app and Google Chrome, its web browser. Google has advised Android users to update Android System WebView and Google Chrome from the playstore that should resolve the app crash.

The crash issues lasted for around 7 hours for Android users across the globe. Here’s how you can update both the apps on your phone.

-Go to your Google Play Store app. You will find your playstore app in the main menu of your phone.

-Once it opens type ‘Android System WebView’ in the search bar

-Select ‘Android System WebView’ from the drop-down menu and click on ‘Update’ on the next screen

-Repeat the same steps to update Google Chrome.

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