Bonds · Compare

Groww vs Stable Money

Groww is India's biggest broking app and added listed corporate bonds in May 2026; Stable Money started as a fixed-deposit app, added bonds through its Stable Bonds platform, and is now the second-largest online bond platform by volume. Here is how they compare for someone choosing where to buy bonds (and FDs).

Platform facts verified September 2026

	Groww Bonds	Stable Money (Stable Bonds)
Core product	Stocks, mutual funds and more, with bond IPOs and a small shelf of listed corporate bonds added.	FD-first: 200+ bank and NBFC fixed deposits (bank FDs carry DICGC cover up to ₹5 lakh per bank; NBFC FDs don't), with listed bonds via Stable Bonds alongside.
SEBI / OBPP registration	Registered — Groww Invest Tech Pvt Ltd, INZ000301838; BSE OBPP member 6699 (since 9 Jul 2025), NSE OBPP member 90187 (since 7 Nov 2025).	Registered — Stable Broking Pvt Ltd, INZ000314637, NSE OBPP member 90363 (active, NSE list updated 16 Sep 2026). Its BSE OBPP arm (6829) was voluntarily closed from 27 Nov 2025.
Scale (bond sales per month)	~₹200 crore of bonds bought in July 2026, within two months of launch (NSE data via Moneycontrol, 2 Sep 2026).	~₹600 crore a month — the second largest (NSE data via Moneycontrol, 2 Sep 2026).
Bond shelf & credit profile	26 listed bonds on 25 Sep 2026: YTM 8.15–12.25%, ratings AA+ to BBB+, mostly A- to AA- NBFC and microfinance paper. Every bond is 'powered by' Yubi (14) or Northern Arc (12).	Narrower, more investment-grade-leaning shelf; fewer high-yield/structured options.
Minimum investment	Listed bonds from about ₹986 to about ₹1.01 lakh; bond IPOs ₹10,000.	From ₹1,000 on bonds; FDs vary by bank.
What you really pay	No published bond fee; any spread is undisclosed and sits on top of the supplier's.	"Zero brokerage" framing; earns a dealer spread on bonds and distribution commissions on FDs.
Exit before maturity	Hold-to-maturity in practice; retail secondary liquidity is thin.	Hold-to-maturity for bonds; FDs allow premature withdrawal with the bank's penalty.
Regulatory / material flags	Two SEBI settlements in May 2025 (₹34.12 lakh over a Jan 2024 trading glitch; ₹47.85 lakh over stock-broker/AML lapses) — neither bond-related.	AMFI suspended its mutual-fund distribution arm in May 2026 and reinstated it early in August 2026 (FDs and bonds kept running); voluntarily closed its BSE OBPP arm in Nov 2025.
Company	Listed parent (Billionbrains Garage Ventures), profitable.	Venture-backed startup; FY25 net loss ~₹44.8 crore.

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Bond shelf snapshot

GrowwChecked 25 Sep 2026

26listed bonds

8.15–12.25%YTM range

₹986lowest minimum (up to ₹1,01,202)

AA+ × 1
AA × 1
AA- × 10
A+ × 5
A × 3
A- × 3
BBB+ × 3

Counted from the platform’s public listing page: groww.in/bonds/corporate-bonds. Yields are pre-tax and not guaranteed.

Groww or Stable Money: who each one suits

Pick Groww if

You already invest through Groww and want bonds in the same app
You only want a handful of rated corporate bonds
You prefer a profitable, listed parent company

Pick Stable Money if

Your fixed income starts with FDs and you want FDs and bonds in one app
You want a platform with larger bond volumes and a more investment-grade-leaning shelf
You are comfortable with a young, venture-funded company

Which should you pick?

If you want bonds next to your stocks and mutual funds in one app, Groww is the simpler choice — with a small shelf (26 listed bonds on 25 Sep 2026), no published bond fee and a very short track record. If your fixed income starts with FDs, or you want a platform that sells far more bonds (~₹600 crore a month vs ~₹200 crore for Groww in July 2026), Stable Money is the more fixed-income-focused app, with the caveats of a young loss-making company and its 2026 AMFI episode. On either, compare the same bond's yield elsewhere before buying and plan to hold to maturity.

Read the full reviews: Groww review · Stable Money review

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Sources

This comparison is for information only and is not investment advice. Bond investments carry credit and liquidity risk, and fixed returns are not guaranteed returns; verify current details on each platform and check the issuer’s credit rating before investing. Facts last verified September 2026.

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Frequently asked

What people ask when choosing between Groww and Stable Money.

Groww is more convenient if you already use it for stocks and funds; its bond shelf is small (26 listed bonds on 25 Sep 2026) and supplied by Yubi and Northern Arc. Stable Money is fixed-income-first, sells far more bonds (~₹600 crore a month) and pairs bonds with FDs. Both are SEBI-registered online bond platforms.

The platform layer is similar — both are SEBI-registered and bonds settle into your own demat. The differences are elsewhere: Groww's parent is listed and profitable, while Stable Money is a loss-making startup that went through an AMFI suspension of its mutual-fund arm (May–Aug 2026). For the bonds themselves, the risk is the issuer on either platform.

Yes. Stable Bonds is Stable Money's bond platform, run by Stable Broking Pvt Ltd, whose NSE online-bond-platform listing gives the website stablebonds.in.

Neither publishes a per-bond fee; both earn through a spread in the price. Compare the net YTM for the same bond on both on the same day.