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Indian Economy - Understanding the basics of Indian economic system

19-Apr-20

Mutual Fund platform Groww to launch stock broking services

Online mutual fund platform Groww has announced plans to launch stock broking services.
The platform was launched in 2017 and has grown to about 5 million users. Initially launched to provide regular plans, it switched to direct plans in mid-2018. Direct plans do not include distributor commissions.
The new service is set to be low cost (along the lines set by discount brokerages like Zeroda) rather than a full-service model with broker research.
Groww was founded by a team of former Flipkart executives.
CEO - Lalit Keshre

By: Rohit Middha

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