Groww review

What can you buy in Groww's bond section?

Groww sells two things: new public NCD issues, live in the app since 24th Jul 2025, and already listed corporate bonds bought through NSE's RFQ platform, live since 25th May 2026 (Groww, NCD IPOs; Groww, secondary bonds).

An NCD IPO listing shows the interest rate, payout frequency, rating, tenure, minimum and the open, close, allotment and listing dates. The minimum is ₹10,000, or 10 units of ₹1,000, and Groww accepts applications from 10 AM to 5 PM on market days. The secondary bond screen filters by rating, payout frequency and tenure.

Government securities are a gap on the bonds page. Its FAQ names G-secs, PSU bonds and SGBs as kinds of bond that exist in India, but does not say Groww sells them, and T-bills and SDLs are not mentioned (groww.in/bonds). If T-bills are what you want, see how to buy T-bills and RBI Retail Direct.

What does Groww charge for bonds?

Groww does not publish a bond fee. Its pricing page lists equity brokerage of ₹20 or 0.1% per order, whichever is lower, with a ₹5 minimum, but does not say that applies to bonds, and it has no line for bonds, G-secs, T-bills or SGBs (Groww pricing). Whether the yield you see already has a spread built in is not disclosed.

The costs that are published:

On RFQ deals up to ₹50 lakh face value done through a broker or OBPP, NSE Clearing levies ₹5 per transaction per counterparty plus taxes, collected monthly from the broker (NSE Clearing circular). Groww does not say whether it passes this on.

Without a published spread, the practical check is to compare the yield on the same ISIN across apps on the same day. Why the same bond shows different yields explains what drives the gap.

How risky are the bonds Groww lists?

Groww does not limit its shelf to AAA or AA paper. On 17th Oct 2026 the bonds page showed bonds rated from A- to AA with no stated floor, including a Hella Infra Market bond maturing Apr 2029 at a 16.00% coupon, shown as A- (groww.in/bonds; Groww listing).

That bond is a dated example of a split rating. Acuité rates Hella Infra Market's paper A- on Rating Watch Developing, while India Ratings cut the issuer's ₹585 crore of NCDs to IND B+/Negative, Issuer Not Cooperating, on 1st Oct 2026 (Acuité; India Ratings). Groww's listing showed only the Acuité rating.

From about 21st Nov 2026, SEBI's Credit Risk-o-Meter rule requires every OBPP to show a six level risk meter based on the lowest available rating, flag unsecured bonds in bold red and show Issuer Not Cooperating status (SEBI circular). Read what AAA to BBB ratings mean and whether a 12% to 15% bond is too good to be true before buying anything below AA.

Can you sell a bond bought on Groww before maturity?

Groww says listed bonds can be sold in the secondary market, but it publishes no sell flow, and its 25th May 2026 launch note describes buying only (groww.in/bonds; Groww update). None of the broker bond pages in our research commits to buying a bond back.

Selling therefore depends on finding a buyer. Corporate bond secondary turnover in India runs at a ratio of about 0.3, and SEBI's chair has said retail presence in the secondary market is very limited (Outlook Money). Plan to hold to maturity unless you have checked recent trades in that ISIN. More in can I sell a bond before maturity.

Is Groww a SEBI registered bond platform?

Yes. Groww Invest Tech Pvt Ltd (SEBI stock broker INZ000301838) is an enabled OBPP on NSE since 7th Nov 2025 and active on BSE since 9th Jul 2025 (NSE list; BSE list). Among the broker apps we review, Groww, ICICI Direct, Angel One, Upstox and Dhan are enabled on both exchanges.

Registration covers the platform, not the bonds on it. It means orders must run through the exchange RFQ platform and settle through the clearing corporation; it says nothing about whether an issuer will pay (SEBI NCS Master Circular). Our registry tracks every OBPP's status month by month, and how to check SEBI registration walks through the exchange files.

How much bond business does Groww do?

Groww's bonds page claims ₹500 crore+ invested and 50,000+ bond investors (self-reported, read on 17th Oct 2026) (groww.in/bonds). Separately, unnamed sources cited by Moneycontrol put Groww's bond sales at nearly ₹200 crore a month, as reported by Free Press Journal on 26th Aug 2026; Groww has not confirmed that figure (Free Press Journal).

For how Groww stacks up against specialist apps, see Groww vs Wint Wealth, Groww vs Stable Bonds and Groww vs Zerodha.