In our last update, we discussed the Events calendar. Now, you can view upcoming quarterly results on it. You can filter events by holdings, watchlist, or type.

We have a completely revamped section on reports.

Stocks P&L can now be viewed in-app (that is, you don’t need to download the report if you don’t want to), and all reports can be downloaded as well.

This is currently being rolled out so you will be able to see on your app in next few weeks.

Throughout the tax season, we had 6 million reports downloaded — all served in-house from our back office.

IPO: We made many improvements to the IPO application process.

One of them is that you can apply through Groww UPI.

BSE SME IPOs are also live on Groww now (please do your due diligence before investing).

DDPI: When you sell your stocks, every time you need to go through EDIS pin flow.

With DDPI now you can sell anything seamlessly.

DDPI is a digital POA that will take away the need for doing a daily TPIN authorization. This makes the sell journey seamless.

We have now enabled participation in the Special Pre-Open Session (trade newly listed stocks before the market opens) conducted by the exchange.

You can place buy and sell bids from 9:15 am onwards in new listings (this was previously blocked till 10:00 am).

Periodic Call Auction Stocks (PCAS) are also tradeable on Groww now. Users will be shown appropriate messaging informing the same.

Timely and Personalized notifications: To ensure that you never miss out on the most important updates relevant to you even when you are not active on the app, Groww sends out timely and personalized notifications like:

Price alerts – when stocks in your portfolio/watchlist move up/down by 5%
Events – when dividends, splits, rights, etc., are announced for your stocks
Technical/Fundamental insights – when your stocks are trading above/below key levels (50, 100, 150, 200 DMA), hitting upper/lower circuits, or trading at 52 W high/low
News – short summaries of the latest news updates for your stocks. (Now includes exchange filings and announcements as well – will be rolled out to all users slowly)

Mutual Funds

We crossed 1 crore SIPs on Groww platform.

One out of four new SIPs in India happen on Groww. Thank you for all your support.

This scale also brings its own challenges.

Even a small error rate can impact a lot of customers. At Groww we try to not look at the error in mpercentages but in absolutes.

For example, 0.1% might look small but when you have millions of customers, 0.1% can impact a large number.

In mutual funds, our focus has been reconciling the whole dashboard so users get the precise value of their holdings.

I will take a moment to explain why the dashboard sometimes does not match the CAS holdings.

There can be multiple reasons.

One primary reason is that mutual fund units are 'interoperable'.

This means units bought on one platform can be tracked & redeemed/switched on another platform.

This gives investors flexibility in choosing their platform but makes it harder for Groww to track the status of these units.

However, there's no need to worry — AMCs always have the correct information, so your units are never lost.

We are working on ensuring customers have the right view of their portfolio in spite of these constraints.

We have introduced a feature allowing investors to change the bank account linked to their folios directly on Groww.

This simplifies the previously cumbersome offline process, making redemptions easier for those with inactive or closed bank accounts.

The feature is currently in testing with a small group and will be available to all soon.

Trading

As we keep saying, not everyone should trade.

But if you are trading, our job is to ensure you have all the right tools to grow your money (and, inversely, to not lose money).

Hence we are investing heavily to encourage responsible trading.

Launched F&O Pause: We know trading derivatives (F&O) can be intense, and sometimes you need a break. That’s why Groww has launched F&O Pause — a DIY feature allowing you to temporarily pause F&O trading while keeping your stock and mutual fund investments active. Take control of your trading journey with ease on the Groww app.

SafeGuard: We are SafeGuarding F&O users' financial wealth by stopping access to F&O trading if losses exceed safe limits, with an option to submit income proof for reassessment. Users will be warned for 30 days before access is stopped.

We also improved the trading experience.

Payoff on F&O basket (on website): Launched the payoff graph for basket orders on our web platform.

This feature allows you to see your maximum loss, maximum profit, and breakeven points, helping you make more informed decisions when strategizing.

Positions on Option Chain (on website): Visibility of open positions and returns directly on the option chain. This update makes it easier to monitor your trades and stay informed without needing to switch between different screens.

Besides this, we have made a bunch of changes on the Terminal: easier navigation to the terminal, comprehensive index monitoring on Explore and Positions, cross-expiry basket enablement, and smoother basket order flows, all designed to streamline your trading journey.

India VIX: With market swings becoming more extreme during events, we’ve added India VIX to the Groww app, giving you real-time insights to navigate high-impact days with confidence. Just search VIX on Groww.

1-click Retry Orders: You can place your orders again with our 1-click retry journey for rejected and failed orders from the order details section.

Pledge: Reduced Pledge Haircuts — Users can pledge their stocks and now unlock upto 90% of holdings value. Also, you can now plegde your SGBs.

Groww Lite

When we had downtime on Jan 23, 2024, we promised that we would launch a service that provides the basic functionality of squaring off your positions.

Groww Lite (lite.groww.in) will be available in a such scenario.

We just hope you never get to use this service.

Margin Trade Funding

With Margin Trading Facility or MTF, you can buy stocks by paying a portion of the total amount. Groww then funds the remaining amount.

While your position is open, interest is charged daily on the amount we fund.

But, once you close your position, you will no longer have to pay any interest on that amount.

MTF, as a feature, can help increase your purchasing power by giving access to higher capital, allowing you to buy more stocks.

However, you need to be aware that while MTF can increase potential gains, there is an equal chance of potential loss.

In addition, there are interest costs and other charges levied while using MTF.

At Groww, we care about your financial health in the long run.

That’s why, we strongly urge you to choose your investments wisely and understand whether MTF is good for your financial health.

If yes, the feature is available on the Groww app for you to explore.

Some updates on Groww Mutual Fund

Our first broad-based index fund – Groww Total Market Index – crossed Rs 200 cr AUM with 300K+ customers invested in the fund.
We launched the Groww Non-cyclical Consumer Index Fund.
We launched our first ETF - Groww Nifty EV & New Age Automotive ETF

We did our 150th AIKG event in Bengaluru — very close to the place where we started Groww more than 8 years back.

We started Groww to make financial services simple, transparent, and delightful. Credit forms one of the biggest contributors to financial services.

We launched a new app called Groww Credit to provide seamless credit to customers.

And here are some fun things we did for you:

Budget Day coverage – Budget Day is an eagerly anticipated event in India, with everyone waiting with bated breath to understand the schemes and initiatives that could potentially benefit them. For your benefit, our content team simplified, summarised, and posted key highlights live in both stories.
Now you can change your DP in the ‘You’ section :)

By the way, you can watch me discuss this update with the leaders of different products here: