Comparison

Groww vs Wint Wealth

Groww is a stock broker that sells corporate bonds through NSE's RFQ platform and puts them in your existing Groww demat; Wint Wealth is a specialist that uses its own demat and offers a sell-back. Groww publishes no bond charges, and Wint's commission was reported at about 1%.

Verified 17th Oct 2026

Lean to Groww if

You already hold a Groww demat and want bonds and public NCD issues next to your shares without opening another account.

Full Groww review

Lean to Wint Wealth if

You want a platform that states how it will buy bonds back from you.

Full Wint Wealth review

Side by side

	Groww	Wint Wealth
Legal entity	Groww Invest Tech Pvt Ltd source	Wint Securities Pvt Ltd (formerly Fourdegreewater Services Pvt Ltd). NSE's list still shows the old name. source
Group or backers	Not verified in our research 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	INZ000301838 (stock broker) source	INZ000313632 (stock broker), NSE member 90328 source
NSE OBPP status	Enabled since 7th Nov 2025 source	Enabled since 16th Aug 2023 (list as on 14th Oct 2026) source
BSE OBPP status	Active, enabled 9th Jul 2025 source	Not listed (file dated 24th Sep 2026) source
Where your bonds sit	In your Groww demat; holdings appear in the NSDL or CDSL consolidated account statement source	In a demat opened with Wint's own depository participant, DP ID IN304633 (DP registration INDP7592023) source
Minimum investment	Varies by bond; the bonds page gives ₹10,000 as an example source	₹1,000 as advertised on the App Store source
Fees and markup	Not disclosed. The pricing page has no bond, G-sec, T-bill or SGB line, and does not say whether the displayed yield includes a spread 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 stated on the pages we read source	YTM, the measure its T&C use. Whether it is net of Wint's margin is not disclosed. source
Selling before maturity	The bonds page says listed bonds can be sold in the secondary market; no sell flow or buyback is published 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	NSE RFQ is named as the venue; settlement day and clearing corporation are not stated source	Exchange RFQ through the clearing corporations, with you registered as an unregistered participant. T+ cycle not disclosed. source
Credit range on shelf	A- to AA on 17th Oct 2026, no stated floor; included Hella Infra Market Apr 2029 at a 16.00% coupon shown as A- source	Not disclosed. A TradingQnA user posted a BBB+ bond on Wint in Apr 2026. source
NRI access	Not verified source	Not disclosed source
Play Store (India)	4.8 from 25.1 lakh reviews, 10 crore+ downloads, read 17th Oct 2026 source	4.4 from 25,373 ratings, read 17th Oct 2026 source
App Store (India)	4.67 from 2,15,828 ratings, read 17th Oct 2026 source	4.71 from 2,700 ratings, read 17th Oct 2026 source
SEBI or exchange actions	No bond specific SEBI order or complaint found in our research source	₹1 lakh penalty, 21st Nov 2025, for settling trades off the RFQ platform source
Corporate bonds via RFQ	Live since 25th May 2026, through NSE's RFQ platform source	Not covered
Listed bonds on the exchange order book	Not described on Groww's bond pages; not verified source	Not covered
NCD IPOs	Live since 24th Jul 2025; ₹10,000 minimum (₹1,000 a unit); applications 10 AM to 5 PM on market days source	Not covered
G-sec, T-bill and SDL bids	Not offered on Groww's bonds page, which names G-secs only as a type of bond; T-bills and SDLs are not mentioned. Not verified elsewhere in the app source	Not covered
SGBs	Named on the bonds page only as a type of bond, not as a Groww product; not verified source	Not covered
DP charge when you sell	₹3.5 depository plus ₹16.5 Groww plus GST per sell; the Groww part is ₹0 if the debit is under ₹100. AMC ₹0 source	Not covered

Same bonds, which one shows the higher yield?

2 bonds were on both. Groww showed the higher yield on 2, Wint Wealth on 0. On average Groww was 50 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	Groww	Wint Wealth	Higher
Mahaveer Finance Aug '29 · INE911L07162	11.80%	11.00%	Groww
Finnable Credit Jan '29 · INE14H407157	11.75%	11.55%	Groww

Every bond on both platforms, by company: prices.

How they differ

Custody

Bonds bought on Groww land in the demat attached to your Groww account. Wint runs its own NSDL depository participant, and users report a Wint demat is required, which can affect BSDA status on another account.

What Groww sells

Groww added bond IPOs (public NCD issues) on 24th Jul 2025, with a ₹10,000 minimum at ₹1,000 per unit, and secondary-market bonds through NSE's RFQ platform on 25th May 2026. Its bonds page gives ₹10,000 as an example minimum and says some bonds need more. Wint sells corporate bonds and FDs and advertises a ₹1,000 start.

Cost

Groww's pricing page has no bond line and does not say whether equity brokerage applies to bonds; whether its displayed yield includes a spread is not disclosed. Inc42 reported Wint's earnings at about 1% per bond. Neither itemises a spread.

Exit

Groww says listed bonds can be bought or sold in the secondary market but does not describe a sell flow. Wint offers a sell-back at a YTM up to 1% lower than your purchase YTM, at its discretion.

Shelf

On 17th Oct 2026 Groww listed bonds rated A- to AA with no stated floor, including Hella Infra Market Apr 2029 at a 16% coupon shown as A-. India Ratings had cut Hella Infra Market's NCDs to B+ Issuer Not Cooperating on 1st Oct 2026, while Acuité kept A-. From about 21st Nov 2026, SEBI's Credit Risk-o-Meter requires platforms to show the lowest rating. Wint publishes no rating range.

Record

SEBI fined Wint ₹1 lakh on 21st Nov 2025 for trades settled off the RFQ platform. No bond-specific SEBI order against Groww was found. Groww is enabled on NSE (7th Nov 2025) and BSE (9th Jul 2025); Wint on NSE only. Groww's claim of ₹500 crore invested by 50,000 bond investors is self-reported, read on 17th Oct 2026.

Questions people ask

Does Groww charge for buying bonds?

Groww's pricing page lists no bond charge and does not say whether a spread is built into the yield it shows.

Do I need a new demat to buy bonds on Groww?

No. Bonds settle into the demat linked to your Groww account. Wint users report that Wint requires its own demat.

When did Groww start selling bonds?

Bond IPOs went live on 24th Jul 2025 and secondary-market bonds through NSE's RFQ platform on 25th May 2026.