The Securities and Exchange Board of India (SEBI) reportedly gave Groww permission to function as an Online Bond Platform Provider (OBPP), enabling it to distribute listed corporate bonds via its platform.

Key Highlights

• Groww receives SEBI approval to offer online bond distribution, expanding its digital investment services.
• The licence enables Groww users to invest in bonds securely through a SEBI-regulated platform.

The license enables Groww to provide direct access to corporate bonds for regular investors, expanding its portfolio of stocks, mutual funds, and other market-linked instruments to include fixed-income products, according to a report.

According to the report, Groww's license allows it to list, distribute, and facilitate corporate bond transactions directly through its app, making fixed-income investment more accessible to its sizable user base. This might enable the platform to reach a new group of investors looking for portfolio diversification and steady profits.

Groww's listing on the public market at a 14% premium above its issue price precedes the development.

The company recorded Rs 1,071 crore in total revenue and Rs 471 crore in profit after taxes for the second quarter of the current fiscal year. In the meantime, Groww's client acquisition costs increased from Rs 796 in the same period last year to Rs 1,374 in H1 FY26, a 72% increase.

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Groww has the biggest market share among stockbrokers at 26.62%, according to NSE data. In October, the company added 1.38 lakh active demat accounts, bringing its total to 1.2 crore (12 million).