
Digital investment platform Groww has obtained the SEBI licence for online bond distribution, enabling the company to broaden its wealthtech product portfolio beyond equities and mutual funds. This strategic step allows Groww to offer retail investors access to government and corporate bonds directly on its platform, reinforcing its position as a full-stack investment solution.
The licence also aligns with Groww’s ongoing efforts to diversify revenue streams and enhance retail investor engagement. By providing seamless access to fixed-income products, Groww aims to cater to a growing segment of users seeking stable, low-risk investment options in addition to equities and mutual funds.
This move complements Groww’s existing brokerage, wealth management, and mutual fund services, positioning it as a comprehensive platform for retail investors in India.
Source: https://entrackr.com/news/groww-secures-sebis-online-bond-distribution-licence-report-10891040
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