UNITED STATES
SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED
MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number: (811-00781)

Exact name of registrant as specified in charter: The Putnam Fund for Growth and Income

Address of principal executive offices: One Post Office Square, Boston, Massachusetts 02109

Name and address of agent for service: Robert T. Burns, Vice President
One Post Office Square
Boston, Massachusetts 02109

Copy to:         John W. Gerstmayr, Esq.
Ropes & Gray LLP
800 Boylston Street
Boston, Massachusetts 02199-3600

Registrant’s telephone number, including area code: (617) 292-1000

Date of fiscal year end: October 31, 2012

Date of reporting period: January 31, 2012

Item 1. Schedule of Investments:

The Putnam Fund for Growth and Income
The fund's portfolio
1/31/12 (Unaudited)
COMMON STOCKS (98.5%)(a)
	Shares	Value
Aerospace and defense (3.9%)
Embraer SA ADR (Brazil)	944,400	$25,895,448
Honeywell International, Inc.	1,092,600	63,414,504
L-3 Communications Holdings, Inc.	196,200	13,879,188
Northrop Grumman Corp.	530,900	30,818,745
United Technologies Corp.	536,500	42,034,775
		176,042,660
Airlines (0.3%)
Delta Air Lines, Inc.(NON)	572,000	6,034,600
United Continental Holdings, Inc.(NON)	349,600	8,075,760
		14,110,360
Auto components (0.5%)
American Axle & Manufacturing Holdings, Inc.(NON)(S)	1,122,500	13,537,350
Johnson Controls, Inc.	287,600	9,137,052
		22,674,402
Automobiles (0.4%)
Ford Motor Co.(NON)(S)	1,320,300	16,398,126
		16,398,126
Beverages (0.7%)
Beam, Inc.	73,400	3,839,554
Coca-Cola Enterprises, Inc.	1,060,200	28,402,758
		32,242,312
Biotechnology (0.4%)
Amgen, Inc.	136,000	9,235,760
Cubist Pharmaceuticals, Inc.(NON)(S)	65,900	2,690,038
Dendreon Corp.(NON)(S)	379,300	5,150,894
		17,076,692
Building products (0.4%)
Fortune Brands Home & Security, Inc.(NON)	444,519	8,254,718
Owens Corning, Inc.(NON)(S)	326,600	11,022,750
		19,277,468
Capital markets (4.1%)
Bank of New York Mellon Corp. (The)	885,400	17,823,102
Blackstone Group LP (The)	488,000	7,715,280
Charles Schwab Corp. (The)	747,600	8,709,540
Goldman Sachs Group, Inc. (The)	425,893	47,474,293
KKR & Co. LP	655,277	9,160,772
Legg Mason, Inc.(S)	423,800	10,794,186
Morgan Stanley	1,683,400	31,395,410
State Street Corp.	1,237,200	48,473,496
		181,546,079
Chemicals (2.2%)
Celanese Corp. Ser. A	203,000	9,888,130
Dow Chemical Co. (The)(S)	1,372,900	46,005,879
E.I. du Pont de Nemours & Co.	243,200	12,376,448
LyondellBasell Industries NV Class A (Netherlands)	656,400	28,290,840
Tronox, Inc.(NON)(S)	12,453	1,796,345
		98,357,642
Commercial banks (4.8%)
Fifth Third Bancorp	1,307,200	17,006,672
First Horizon National Corp.(S)	1,081,600	9,442,368
KeyCorp	601,400	4,672,878
PNC Financial Services Group, Inc.	229,500	13,522,140
SunTrust Banks, Inc.	335,000	6,890,950
U.S. Bancorp	1,049,700	29,622,534
Wells Fargo & Co.	4,608,579	134,616,593
		215,774,135
Communications equipment (2.2%)
Cisco Systems, Inc.	3,998,057	78,481,859
Juniper Networks, Inc.(NON)	586,300	12,271,259
Qualcomm, Inc.	127,400	7,493,668
		98,246,786
Computers and peripherals (2.7%)
Apple, Inc.(NON)	78,600	35,879,328
Hewlett-Packard Co.	1,806,200	50,537,476
SanDisk Corp.(NON)	434,400	19,930,272
Seagate Technology	705,600	14,916,384
		121,263,460
Construction and engineering (0.7%)
Fluor Corp.	260,200	14,633,648
KBR, Inc.	574,200	18,454,788
		33,088,436
Diversified consumer services (0.1%)
Apollo Group, Inc. Class A(NON)(S)	81,700	4,281,897
		4,281,897
Diversified financial services (6.4%)
Bank of America Corp.	9,003,894	64,197,764
Citigroup, Inc.	3,327,780	102,229,402
JPMorgan Chase & Co.(S)	3,214,582	119,903,909
		286,331,075
Diversified telecommunication services (5.0%)
AT&T, Inc.	2,403,000	70,672,230
CenturyLink, Inc.	890,700	32,982,621
Verizon Communications, Inc.(S)	3,178,459	119,700,766
		223,355,617
Electric utilities (1.7%)
Edison International	613,300	25,169,832
Entergy Corp.	308,915	21,432,523
Great Plains Energy, Inc.(S)	733,041	15,115,305
PPL Corp.	576,000	16,007,040
		77,724,700
Electronic equipment, instruments, and components (0.4%)
Jabil Circuit, Inc.(S)	519,900	11,780,934
TE Connectivity, Ltd. (Switzerland)	197,200	6,724,520
		18,505,454
Energy equipment and services (2.9%)
Baker Hughes, Inc.	379,800	18,659,574
Cameron International Corp.(NON)	474,400	25,238,080
Halliburton Co.	243,200	8,944,896
Oil States International, Inc.(NON)	60,800	4,845,152
Schlumberger, Ltd.	525,439	39,497,250
Transocean, Ltd. (Switzerland)	379,500	17,950,350
Weatherford International, Ltd. (Switzerland)(NON)	831,895	13,925,922
		129,061,224
Food and staples retail (1.1%)
CVS Caremark Corp.	687,500	28,703,125
Wal-Mart Stores, Inc.	326,500	20,034,040
		48,737,165
Food products (0.4%)
Sara Lee Corp.	935,100	17,907,165
		17,907,165
Health-care equipment and supplies (2.6%)
Baxter International, Inc.	1,034,900	57,416,252
Boston Scientific Corp.(NON)	1,516,087	9,035,879
Covidien PLC (Ireland)	631,472	32,520,808
Stryker Corp.	328,500	18,208,755
		117,181,694
Health-care providers and services (2.2%)
Aetna, Inc.	1,040,400	45,465,480
CIGNA Corp.	632,200	28,341,526
Lincare Holdings, Inc.(S)	307,300	7,894,537
WellPoint, Inc.	226,200	14,549,184
		96,250,727
Hotels, restaurants, and leisure (0.7%)
Carnival Corp.	441,200	13,324,240
Vail Resorts, Inc.(S)	162,300	7,077,903
Wyndham Worldwide Corp.	284,880	11,326,829
		31,728,972
Household durables (0.6%)
D.R. Horton, Inc.(S)	607,400	8,455,008
Newell Rubbermaid, Inc.	1,034,600	19,109,062
		27,564,070
Household products (0.9%)
Energizer Holdings, Inc.(NON)(S)	130,400	10,056,448
Procter & Gamble Co. (The)	475,500	29,975,520
		40,031,968
Independent power producers and energy traders (0.9%)
AES Corp. (The)(NON)	2,221,900	28,351,444
Calpine Corp.(NON)	786,700	11,485,820
		39,837,264
Industrial conglomerates (4.5%)
General Electric Co.	7,553,320	141,322,617
Tyco International, Ltd.	1,194,842	60,877,200
		202,199,817
Insurance (6.8%)
ACE, Ltd.	434,200	30,220,320
Aflac, Inc.	965,600	46,570,888
Allstate Corp. (The)	1,916,000	55,276,600
Assured Guaranty, Ltd. (Bermuda)	1,329,680	20,623,337
Chubb Corp. (The)(S)	225,075	15,172,306
Everest Re Group, Ltd.	187,620	16,022,748
Hartford Financial Services Group, Inc. (The)	1,355,600	23,750,112
Marsh & McLennan Cos., Inc.(S)	253,700	8,014,383
MetLife, Inc.	1,451,187	51,270,437
Prudential Financial, Inc.	344,200	19,702,008
XL Group PLC	802,600	16,268,702
		302,891,841
IT Services (0.5%)
IBM Corp.	66,000	12,711,600
Unisys Corp.(NON)	510,212	10,699,146
		23,410,746
Leisure equipment and products (0.3%)
Hasbro, Inc.(S)	388,100	13,548,571
		13,548,571
Machinery (1.0%)
Illinois Tool Works, Inc.	350,400	18,581,712
Parker Hannifin Corp.(S)	158,500	12,787,780
Stanley Black & Decker, Inc.(S)	157,200	11,032,296
		42,401,788
Media (4.5%)
Comcast Corp. Class A	2,470,500	65,690,595
DISH Network Corp. Class A	619,100	17,285,272
Interpublic Group of Companies, Inc. (The)	1,616,900	16,702,577
News Corp. Class A	785,100	14,783,433
Time Warner Cable, Inc.(S)	182,180	13,430,310
Time Warner, Inc.(S)	1,352,200	50,112,532
Walt Disney Co. (The)	619,200	24,086,880
		202,091,599
Metals and mining (1.5%)
Alcoa, Inc.	675,200	6,860,032
Freeport-McMoRan Copper & Gold, Inc. Class B (Indonesia)	583,438	26,960,670
Newmont Mining Corp.	108,500	6,670,580
Nucor Corp.(S)	317,300	14,116,677
Rio Tinto PLC (United Kingdom)	132,089	7,974,522
U.S. Steel Corp.(S)	155,900	4,706,621
		67,289,102
Multiline retail (0.6%)
Target Corp.	488,400	24,815,604
		24,815,604
Multi-utilities (1.5%)
Ameren Corp.	788,700	24,954,468
CMS Energy Corp.(S)	350,000	7,640,500
National Grid PLC (United Kingdom)	707,159	7,049,216
PG&E Corp.(S)	614,400	24,981,504
		64,625,688
Oil, gas, and consumable fuels (10.9%)
Apache Corp.	467,522	46,228,575
BP PLC ADR (United Kingdom)	154,816	7,107,603
Cabot Oil & Gas Corp. Class A(S)	331,000	10,558,900
Chevron Corp.	827,400	85,288,392
ConocoPhillips	393,600	26,847,456
CONSOL Energy, Inc.	209,900	7,501,826
Exxon Mobil Corp.	1,132,192	94,809,758
Hess Corp.	693,600	39,049,680
Marathon Oil Corp.	1,487,900	46,705,181
Nexen, Inc. (Canada)	666,000	11,934,720
Noble Energy, Inc.	373,000	37,549,910
Nordic American Tankers, Ltd. (Norway)(S)	328,900	4,558,554
Occidental Petroleum Corp.	182,814	18,239,353
Petroleo Brasileiro SA ADR (Brazil)	430,900	13,163,995
Royal Dutch Shell PLC ADR (United Kingdom)(S)	174,509	12,452,962
Southwestern Energy Co.(NON)	257,300	8,012,322
Sunoco, Inc.	118,300	4,537,988
Total SA ADR (France)(S)	315,400	16,706,738
		491,253,913
Paper and forest products (0.3%)
International Paper Co.	488,500	15,211,890
		15,211,890
Personal products (0.2%)
Avon Products, Inc.(S)	540,500	9,604,685
		9,604,685
Pharmaceuticals (7.7%)
Abbott Laboratories	224,800	12,172,920
Johnson & Johnson	1,427,900	94,112,889
Merck & Co., Inc.	2,311,291	88,429,994
Pfizer, Inc.	5,998,745	128,373,143
Teva Pharmaceutical Industries, Ltd. ADR (Israel)	452,900	20,439,377
		343,528,323
Real estate investment trusts (REITs) (0.4%)
Chimera Investment Corp.(S)	2,300,200	6,992,608
CreXus Investment Corp.	338,600	3,748,302
MFA Financial, Inc.	1,237,100	9,080,314
		19,821,224
Road and rail (0.2%)
Hertz Global Holdings, Inc.(NON)	804,300	10,938,480
		10,938,480
Semiconductors and semiconductor equipment (1.7%)
Advanced Micro Devices, Inc.(NON)(S)	3,344,100	22,438,911
First Solar, Inc.(NON)(S)	147,700	6,244,756
Intel Corp.	759,400	20,063,348
Lam Research Corp.(NON)(S)	156,700	6,673,853
Novellus Systems, Inc.(NON)	189,200	8,920,780
Texas Instruments, Inc.(S)	394,000	12,757,720
		77,099,368
Software (2.3%)
Adobe Systems, Inc.(NON)	154,300	4,775,585
Microsoft Corp.	2,622,900	77,454,237
Oracle Corp.	796,800	22,469,760
		104,699,582
Specialty retail (2.3%)
American Eagle Outfitters, Inc.	823,100	11,597,479
Best Buy Co., Inc.(S)	604,100	14,468,195
Foot Locker, Inc.	449,300	11,789,632
Lowe's Cos., Inc.	1,415,000	37,964,450
Office Depot, Inc.(NON)(S)	3,601,600	9,832,368
OfficeMax, Inc.(NON)(S)	808,100	4,468,793
Signet Jewelers, Ltd. (Bermuda)	98,600	4,494,188
Staples, Inc.	596,300	8,723,869
		103,338,974
Textiles, apparel, and luxury goods (0.3%)
Hanesbrands, Inc.(NON)(S)	483,100	11,884,260
		11,884,260
Tobacco (1.5%)
Altria Group, Inc.(S)	461,400	13,103,760
Lorillard, Inc.(S)	178,400	19,158,376
Philip Morris International, Inc.	488,800	36,547,576
		68,809,712
Wireless telecommunication services (0.3%)
Vodafone Group PLC ADR (United Kingdom)(S)	519,400	14,070,542
		14,070,542
Total common stocks (cost $4,103,870,935)		$4,418,133,259
CONVERTIBLE PREFERRED STOCKS (0.3%)(a)
	Shares	Value
General Motors Co. Ser. B, $2.375 cv. pfd.	315,309	$12,632,067
Total convertible preferred stocks (cost $10,591,296)		$12,632,067
SHORT-TERM INVESTMENTS (8.3%)(a)
	Shares	Value
Putnam Cash Collateral Pool, LLC 0.17%(d)	320,029,086	$320,029,086
Putnam Money Market Liquidity Fund 0.08%(e)	50,640,708	50,640,708
Total short-term investments (cost $370,669,794)		$370,669,794
TOTAL INVESTMENTS
Total investments (cost $4,485,132,025)(b)		$4,801,435,120

Key to holding's abbreviations
ADR	American Depository Receipts: represents ownership of foreign securities on deposit with a custodian bank

	Notes to the fund's portfolio
	Unless noted otherwise, the notes to the fund's portfolio are for the close of the fund's reporting period, which ran from November 1, 2011 through January 31, 2012 (the reporting period).
(a)	Percentages indicated are based on net assets of $4,487,361,339.
(b)	The aggregate identified cost on a tax basis is $4,588,141,107, resulting in gross unrealized appreciation and depreciation of $550,122,483 and $336,828,470, respectively, or net unrealized appreciation of $213,294,013.
(NON)	Non-income-producing security.
(d)	The fund may lend securities, through its agent, to qualified borrowers in order to earn additional income. The loans are collateralized by cash in an amount at least equal to the market value of the securities loaned. The market value of securities loaned is determined daily and any additional required collateral is allocated to the fund on the next business day. The risk of borrower default will be borne by the fund’s agent; the fund will bear the risk of loss with respect to the investment of the cash collateral. At the close of the reporting period, the value of securities loaned amounted to $310,694,440.
	The fund received cash collateral of $320,029,086, which is invested in Putnam Cash Collateral Pool, LLC, a limited liability company managed by an affiliate of Putnam Management. Investments in Putnam Cash Collateral Pool, LLC are valued at its closing net asset value each business day. There are no management fees charged by Putnam Cash Collateral Pool, LLC. The rate quoted in the security description is the annualized 7-day yield at the close of the reporting period.
(e)	The fund invested in Putnam Money Market Liquidity Fund, an open-end management investment company managed by Putnam Management. Investments in Putnam Money Market Liquidity Fund are valued at its closing net asset value each business day. Income distributions earned by the fund are recorded as interest income and totaled $7,848 for the reporting period. During the reporting period, cost of purchases and proceeds of sales of investments in Putnam Money Market Liquidity Fund aggregated $139,161,170 and $133,314,874, respectively. Management fees charged to Putnam Money Market Liquidity Fund have been waived by Putnam Management. The rate quoted in the security description is the annualized 7-day yield of the fund at the close of the reporting period.
(S)	Security on loan, in part or in entirety, at the close of the reporting period.
	Security valuation: Investments for which market quotations are readily available are valued at the last reported sales price on their principal exchange, or official closing price for certain markets, and are classified as Level 1 securities. If no sales are reported— as in the case of some securities traded over-the-counter— a security is valued at its last reported bid price and is generally categorized as a Level 2 security.
	Investments in other open-end investment companies, which are classified as Level 1 securities, are based on their net asset value (NAV). The NAV of an investment company equals the total value of its assets less its liabilities and divided by the number of its outstanding shares. Shares are only valued as of the close of regular trading on the New York Stock Exchange each day that the exchange is open.
	Many securities markets and exchanges outside the U.S. close prior to the close of the New York Stock Exchange and therefore the closing prices for securities in such markets or on such exchanges may not fully reflect events that occur after such close but before the close of the New York Stock Exchange. Accordingly, on certain days, the fund will fair value foreign equity securities taking into account multiple factors including movements in the U.S. securities markets, currency valuations and comparisons to the valuation of American Depository Receipts, exchange-traded funds and futures contracts. These securities, which will generally represent a transfer from a Level 1 to a Level 2 security, will be classified as Level 2. The number of days on which fair value prices will be used will depend on market activity and it is possible that fair value prices will be used by the fund to a significant extent. At the close of the reporting period, fair value pricing was used for certain foreign securities in the portfolio. Securities quoted in foreign currencies, if any, are translated into U.S. dollars at the current exchange rate.
	To the extent a pricing service or dealer is unable to value a security or provides a valuation that Putnam Management does not believe accurately reflects the security's fair value, the security will be valued at fair value by Putnam Management. Certain investments, including certain restricted and illiquid securities and derivatives, are also valued at fair value following procedures approved by the Trustees. These valuations consider such factors as significant market or specific security events such as interest rate or credit quality changes, various relationships with other securities, discount rates, U.S. Treasury, U.S. swap and credit yields, index levels, convexity exposures and recovery rates. These securities are classified as Level 2 or as Level 3 depending on the priority of the significant inputs.
	Such valuations and procedures are reviewed periodically by the Trustees. The fair value of securities is generally determined as the amount that the fund could reasonably expect to realize from an orderly disposition of such securities over a reasonable period of time. By its nature, a fair value price is a good faith estimate of the value of a security in a current sale and does not reflect an actual market price, which may be different by a material amount.

ASC 820 establishes a three-level hierarchy for disclosure of fair value measurements. The valuation hierarchy is based upon the transparency of inputs to the valuation of the fund’s investments. The three levels are defined as follows:
Level 1: Valuations based on quoted prices for identical securities in active markets.
Level 2: Valuations based on quoted prices in markets that are not active or for which all significant inputs are observable, either directly or indirectly.
Level 3: Valuations based on inputs that are unobservable and significant to the fair value measurement.
The following is a summary of the inputs used to value the fund’s net assets as of the close of the reporting period:
		Valuation inputs
Investments in securities:	Level 1	Level 2	Level 3
Common stocks:
Consumer discretionary	$458,326,475	$—	$—
Consumer staples	217,333,007	—	—
Energy	620,315,137	—	—
Financials	1,006,364,354	—	—
Health care	574,037,436	—	—
Industrials	498,059,009	—	—
Information technology	443,225,396	—	—
Materials	172,884,112	7,974,522	—
Telecommunication services	237,426,159	—	—
Utilities	175,138,436	7,049,216	—
Total common stocks	4,403,109,521	15,023,738	—
Convertible preferred stocks	—	12,632,067	—
Short-term investments	50,640,708	320,029,086	—
Totals by level	$4,453,750,229	$347,684,891	$—
For additional information regarding the fund please see the fund's most recent annual or semiannual shareholder report filed on the Securities and Exchange Commission's Web site, www.sec.gov, or visit Putnam's Individual Investor Web site at www.putnaminvestments.com

Item 2. Controls and Procedures:

(a) The registrant’s principal executive officer and principal financial officer have concluded, based on their evaluation of the effectiveness of the design and operation of the registrant’s disclosure controls and procedures as of a date within 90 days of the filing date of this report, that the design and operation of such procedures are generally effective to provide reasonable assurance that information required to be disclosed by the registrant in this report is recorded, processed, summarized and reported within the time periods specified in the Commission’s rules and forms.

(b) Changes in internal control over financial reporting: Not applicable

Item 3. Exhibits:

Separate certifications for the principal executive officer and principal financial officer of the registrant as required by Rule 30a-2(a) under the Investment Company Act of 1940, as amended, are filed herewith.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

The Putnam Fund for Growth and Income

By (Signature and Title):

/s/ Janet C. Smith
Janet C. Smith
Principal Accounting Officer
Date: March 30, 2012

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By (Signature and Title):

/s/ Jonathan S. Horwitz
Jonathan S. Horwitz
Principal Executive Officer
Date: March 30, 2012

By (Signature and Title):

/s/ Steven D. Krichmar
Steven D. Krichmar
Principal Financial Officer
Date: March 30, 2012