Comparison

GoldenPi vs Wint Wealth

GoldenPi settles bonds into the demat you already have and sells government securities as well as corporate bonds; Wint Wealth puts bonds in a demat opened with its own depository participant and offers a discretionary sell-back. Neither publishes the spread inside the yield it shows.

Verified 17th Oct 2026

Lean to GoldenPi if

You want bonds in the demat you already hold, government securities on the same platform, or no second demat that could affect BSDA status.

Full GoldenPi review

Lean to Wint Wealth if

You are fine opening a Wint demat and want a stated, if discretionary, sell-back route for bonds bought there.

Full Wint Wealth review

Side by side

	GoldenPi	Wint Wealth
Legal entity	GoldenPi Securities Pvt Ltd (CIN U65990KA2022PTC164941), a wholly owned subsidiary of GoldenPi Technologies Pvt Ltd source	Wint Securities Pvt Ltd (formerly Fourdegreewater Services Pvt Ltd). NSE's list still shows the old name. source
Group or backers	Founded 2017 by Abhijit Roy and Samir Baran Pratihar; Zerodha's Rainmatter has invested. Oxyzo Financial Services announced a 100% acquisition on 19th May 2026 (about ₹42.4 cr share swap); closing not confirmed. source	Holding company Fourdegreewater Capital Pvt Ltd. ₹250 cr Series B on 14th Jan 2026 led by Vertex Ventures SEA & India, with Eight Roads, 3one4, Arkam and Rainmatter. source
SEBI registration	INZ000310732 (stock broker), NSE member 90331, BSE member 6809 source	INZ000313632 (stock broker), NSE member 90328 source
NSE OBPP status	Enabled, with enablement dated 31st Dec 2025 in the list as on 14th Oct 2026 (the file does not explain the late date) source	Enabled since 16th Aug 2023 (list as on 14th Oct 2026) source
BSE OBPP status	Active since 19th Apr 2023 source	Not listed (file dated 24th Sep 2026) source
Where your bonds sit	In your own existing demat; no GoldenPi DP is disclosed source	In a demat opened with Wint's own depository participant, DP ID IN304633 (DP registration INDP7592023) source
Minimum investment	₹10,000 for corporate bonds, ₹1,000 for FDs source	₹1,000 as advertised on the App Store source
Fees and markup	No transaction charge per its FAQ. Spread inside the price is not disclosed. source	No per bond fee published. Inc42 reported in May 2026 that Wint earns roughly 1% commission on each bond sold, built into the price. source
Yield shown as	Not disclosed source	YTM, the measure its T&C use. Whether it is net of Wint's margin is not disclosed. source
Selling before maturity	Sell on BSE or NSE yourself, or ask GoldenPi's team to help find a buyer. No fee stated, no buyback promise. source	Sell-back through Wint only for bonds bought on Wint and held in the Wint demat, at a YTM up to 1% lower than your purchase YTM, at Wint's sole discretion source
Settlement	Through the exchange clearing corporations, T+1 or T+2 per GoldenPi source	Exchange RFQ through the clearing corporations, with you registered as an unregistered participant. T+ cycle not disclosed. source
Credit range on shelf	AAA to BBB (CRISIL, ICRA, CARE, India Ratings), corporate bond yields of 8% to 14%, per GoldenPi source	Not disclosed. A TradingQnA user posted a BBB+ bond on Wint in Apr 2026. source
NRI access	Not disclosed source	Not disclosed source
Play Store (India)	4.1 from 125 ratings, read 17th Oct 2026 source	4.4 from 25,373 ratings, read 17th Oct 2026 source
App Store (India)	4.3 from 30 ratings, read 17th Oct 2026 source	4.71 from 2,700 ratings, read 17th Oct 2026 source
SEBI or exchange actions	₹4.5 lakh in total (₹2 lakh on the company, ₹2.5 lakh on five directors), order dated 31st Jul 2025 or reported 1st Aug 2025, for trades outside RFQ and ads run without BSE approval source	₹1 lakh penalty, 21st Nov 2025, for settling trades off the RFQ platform source

Same bonds, which one shows the higher yield?

5 bonds were on both. GoldenPi showed the higher yield on 4, Wint Wealth on 1. On average GoldenPi was 9 basis points higher. A higher yield on the same bond means a lower price. Read on 17th Oct 2026; quotes move daily, so check both apps before you buy.

Bond	GoldenPi	Wint Wealth	Higher
Muthoot Fincorp · INE549K08590	10.50%	10.10%	GoldenPi
Adani Airport · INE0GCN07062	8.40%	8.75%	Wint Wealth
Finnable · INE14H407157	11.75%	11.55%	GoldenPi
Hinduja · INE146O08415	9.10%	9.00%	GoldenPi
PIRAMAL · INE516Y07444	8.85%	8.75%	GoldenPi

Every bond on both platforms, by company: prices.

How they differ

Where do your bonds sit?

GoldenPi settles bonds into your own demat, wherever it is held, and its FAQ says the bonds and interest stay with you even if GoldenPi shuts. Wint Wealth runs its own depository participant (NSDL DP ID IN304633), and users on TradingQnA report that since Oct 2024 Wint has required its own demat instead of a linked Zerodha account. The same users say a second demat can end Basic Services Demat Account (BSDA) eligibility.

What do you pay?

GoldenPi's FAQ says it does not charge customers for any transaction. Wint does not itemise its charges; Inc42 reported in May 2026 that Wint earns roughly a 1% commission on each bond sold and co-invests in every bond. Neither discloses the spread built into the quoted yield, and SEBI's per-bond disclosure rules do not ask them to.

Can you sell early?

Wint's terms let it buy a bond back at a YTM up to 1% lower than the yield you bought at, with the amount at Wint's sole discretion, and only for bonds held in the Wint demat. GoldenPi tells sellers to place the bond on BSE or NSE or ask its team for help, with no fee stated.

What is on the shelf?

GoldenPi describes its range as AAA to BBB, with corporate yields of 8% to 14%, and also sells G-secs, T-bills, SDLs, SGBs, NCD IPOs, tax-free and 54EC bonds; corporate bonds start at ₹10,000. Wint sells corporate bonds and FDs, advertises a ₹1,000 start and publishes no rating range; a TradingQnA user posted a BBB+ bond from Wint in Apr 2026. NRI terms for neither platform could be verified on 17th Oct 2026.

Regulatory record and ownership

SEBI fined GoldenPi ₹2 lakh and five of its directors ₹2.5 lakh (₹4.5 lakh in all, reported 1st Aug 2025) for trades run outside the RFQ platform and ads published without BSE approval. SEBI fined Wint ₹1 lakh on 21st Nov 2025 after finding 67.61% of its trade value settled off the RFQ platform. GoldenPi is enabled on NSE and BSE; Wint on NSE only. Zerodha's Rainmatter has invested in both, but neither is part of Zerodha. Oxyzo announced in May 2026 that it would buy GoldenPi; completion was not confirmed by 17th Oct 2026.

Questions people ask

Is GoldenPi or Wint Wealth part of Zerodha?

No. Both are separate companies in which Zerodha's Rainmatter has invested. GoldenPi's FAQ calls Zerodha a strategic business partner, and Oxyzo announced in May 2026 that it would acquire GoldenPi.

Do I need a new demat to use Wint Wealth?

Wint runs its own depository participant, and users report it has required its own demat since Oct 2024. GoldenPi settles bonds into the demat you already have.

Have GoldenPi and Wint Wealth been penalised by SEBI?

Yes. GoldenPi and five directors were fined ₹4.5 lakh in 2025, and Wint was fined ₹1 lakh on 21st Nov 2025. Both orders concern trades settled outside the exchange RFQ platform.