Groww

Cred-owned Spenny eyes stock broking licence to rival Zerodha, Groww

With 13 million users, Kunal Shah's Cred looks to diversify revenues, complementing payments, lending, and wealth management services

Waaree Energies IPO subscribed 3.3x on day 1; Groww FY24 topline doubles

The Rs 5,430-crore IPO of Afcons Infrastructure, a Shapoorji Pallonji group firm, will open for subscription on Friday

Looking for alternatives to invest in gold? Groww MF floats new ETF

The Groww Gold ETF aims to mirror the local price of physical gold, providing investors with the opportunity to invest in gold bullion with a purity of 99.5%

CDSL pays Rs 1.3 cr to settle allegations of violation of Sebi directives

Stock broker Groww on Tuesday announced safeguards and measures to protect F&O traders from potential losses, making it one of the firsts to implement curbs at broker level

Groww Mutual Fund lists Nifty EV & New Age Automotive ETF on NSE

This is Groww Mutual Fund's first live ETF, which is available for trading with most brokers and investment platforms

Groww MF launches ETF & FoF based on Nifty EV & New Age Automotive Index

Investment schemes will help investors 'capitalise on future of electric mobility and related technologies', says company

Groww Asset Management, trustee settle case with Sebi; pay Rs 9 lakh

Groww Asset Management Ltd (formerly known as Indiabulls Asset Management Company Ltd) and its trustee have settled with markets watchdog Sebi a case pertaining to alleged violation of regulatory norms after paying Rs 9 lakh. This came after the applicants -- Groww Asset Management Company and Groww Trustee Ltd (earlier known as Indiabulls Trustee Company Ltd) -- proposed to settle the alleged violation by "neither admitting nor denying the findings of fact". "It is hereby ordered that any proceedings that maybe initiated for the violations...are settled in respect of the applicants," the Securities and Exchange Board of India (Sebi) said in its settlement order passed on June 28. The applicants have submitted that on account of change in control of Indiabulls Asset Management Company and Indiabulls Trustee due to the acquisition of these entities by Nextbillion Technology Pvt Ltd, the entities are now known as Groww Asset Management and Groww Trustee with effect from May 3, 2023.

Groww files for Nifty EV & New Age Automotive FOF with SEBI

The scheme aims to generate long-term capital growth by investing in securities that are part of the Nifty EV & New Age Automotive Index

Groww's active client base tops 10 mn; becomes 1st broker co to attain feat

Zerodha Broking, which is the country's most profitable brokerage, has UCCs of 7.51 million, cornering an 18 per cent market share

Mutual fund investment platforms face ire over delay in unit allotment

Zerodha says issue at payment aggregator, Groww cites delay in money movement

Pine Labs gets approval from Singapore court to relocate base to India

Pine Labs' decision to shift domicile follows a broader trend among fintech firms like PhonePe and Groww, which have also moved their bases back to India

Financial services startup Groww moves domicile to India from the US

Groww joins an increasing number of startups planning to move their domiciles to the country

Brokerage firm Groww seals top spot with nearly 23% market share

Rival Zerodha trails, market share slipped to 17.9 per cent

Fintech platform Groww adds 1 million new mutual fund SIPs in December

Fintech platform Groww has emerged as the top distributor of mutual funds with the addition of over 1 million new SIPs (Systematic Investment Plans) in December, accounting for 25 per cent of total new SIPs in the country. According to data from Association of Mutual Fund Industry (Amfi), the number of SIP accounts touched 7.63 crore, out of which, 40.3 lakh new SIP accounts were added in December, the highest-ever recorded in a month. Of the 40.3 lakh addition in December, over 10 lakh of these new SIPs were opened on Groww by retail investors across the country. Further, there were about 3.5 crore new SIPs by the industry in the 2023 and Groww contributed to 20 per cent of the new addition, the company said. "The recent surge in SIPs validates that the new investors are responsible and prudent. India has seen over 50 per cent year-on-year growth in new SIPs while on Groww it has doubled in the last 12 months," Harsh Jain, Co-founder and COO, Groww, said. The industry saw SIP ...

Groww faces technical glitches, users complain of login issues on app

Users expressed frustration with the trading app on social media, asking for compensation from the platform for losses accrued

Zerodha vs Groww = VC vs bootstrap

Bootstrapping has put Nithin Kamath of Zerodha in a position where he can trifle with talk about valuation

TMS Ep543: TCS 25x25 plan, Groww vs Zerodha, large cap funds, Iron Dome

Why did TCS' 25 by 25 plan fail? What helped Groww outgrow Zerodha? Is it time to bet on large caps? What is the Iron Dome? All answers here

Groww topples Zerodha to become largest broker in terms of no. of clients

Zerodha remains the most profitable brokerage, clocked net profit of Rs 2,907 cr in FY23

Groww Mutual Fund receives Sebi approval to launch its first index fund

Groww has received the approval of the Securities and Exchange Board of India to launch its first index fund - Groww Nifty Total Markets Index Fund - through new fund offering

Discount brokers take giant strides; now account for 57% of active clients

The majority of incremental customer acquisition is now happening from tier-2 cities