Groww Blog - Latest Financial Blogs on Trending Topics (2024)

FAQs

Which stock will boom in 2024 in India? ›

1. Fixed Deposit (FD) Offering a much higher interest rate than a regular savings account, fixed deposits with banks are still considered one of the safest investments.

What if the Groww app shuts down? In case any mutual fund brokers such as Groww shuts down, your account will still be active with the corresponding mutual fund house. This way, you can directly reach out the mutual fund house and enquire about the current status of your account and investments with them.

In conclusion, the healthcare and insurance, renewable energy, IT, FMCG, infrastructure, and electric vehicle industries are emerging sectors in 2024 to invest in. These industries offer substantial growth potential, driven by favourable market conditions, government initiatives, and changing consumer preferences.

To potentially turn $10k into $100k, consider investments in established businesses, real estate, index funds, mutual funds, dividend stocks, or cryptocurrencies. High-risk, high-reward options like cryptocurrencies and peer-to-peer lending could accelerate returns but also carry greater risks.

Amidst this, people often wonder whether the Groww app is safe or not, which we believe is a genuine concern. Well, to clear all the clouds of doubts, yes, Groww is the safest platform you could use to invest and grow (rather Groww) your financial standings.

What are the disadvantages of Groww app? ›

Who Owns Groww : Founders, Promoters, Investors, and Other Details. In 2016, four Flipkart employees – Lalit Keshre, Harsh Jain, Ishan Bansal and Neeraj Singh, quit their jobs to start a venture that could make investing easy. They called this venture Groww and started operations In 2017.

With a YTD rise of 142%, Nvidia (NVDA) is the best-performing Magnificent 7 stock in 2024. Meta Platforms (META) and Alphabet (GOOG) are next on the list, albeit distantly, with YTD gains of 37.7% and 24.7%, respectively. Amazon (AMZN) and Microsoft (MSFT) are up 19.3% and 12.3%, respectively, over the period.