Groww vs Wint Wealth
Groww added listed corporate bonds to India's biggest broking app in May 2026; Wint Wealth is the largest bonds-first platform. They are very different products: Groww distributes a small, curated shelf supplied by Yubi and Northern Arc inside an app you may already use, while Wint runs a deeper bonds-only shelf of its own. Here is the side-by-side picture.
| Groww Bonds | Wint Wealth | |
|---|---|---|
| Core product | Bonds inside a mass-market broking app: bond IPOs plus a small shelf of listed corporate bonds. | Bonds-first: a curated shelf of NBFC/corporate bonds and securitised debt instruments (SDIs). |
| 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 — Wint Securities Pvt Ltd (formerly Fourdegreewater Services Pvt Ltd), INZ000313632, NSE OBPP member 90328. |
| 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). | ~₹900 crore a month — about half of all online-bond-platform transactions (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). | Deeper, higher-yield shelf skewing sub-AAA (A to AA NBFC/securitised paper, typically secured), plus SDIs. |
| Minimum investment | Listed bonds from about ₹986 to about ₹1.01 lakh; bond IPOs ₹10,000. | From ₹1,000 (as marketed). |
| What you really pay | No published bond fee; any spread is undisclosed and sits on top of the supplier's. | "Zero brokerage" to the investor; revenue is an embedded, per-bond-undisclosed price spread plus issuer arranger/distribution fees. |
| Government securities | Not offered (no G-secs, T-bills or SDLs). | Not its focus — Wint's shelf is corporate/NBFC bonds and SDIs. |
| Exit before maturity | Hold-to-maturity in practice; retail secondary liquidity is thin. | Hold-to-maturity in practice; secondary-market liquidity for retail lots is thin. |
| 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. | SEBI adjudication penalty of ₹1 lakh (21 Nov 2025, statutory minimum) for routing most bond trades OTC instead of via the exchange RFQ platform; no investor loss established. |
| Skin in the game | None stated — Groww distributes bonds supplied by Yubi and Northern Arc. | States a ~2% co-investment in each listed bond. |
| Track record in bonds | Bond IPOs since Jul 2025; listed bonds only since late May 2026. | Founded 2020; NSE online bond platform since 2023. |
Bond shelf snapshot
- AA+ × 1
- AA × 1
- AA- × 10
- A+ × 5
- A × 3
- A- × 3
- BBB+ × 3
Groww or Wint Wealth: who each one suits
- You already use Groww and want bonds in the same app, with no new account or KYC
- You only want a few rated bonds, from as little as about ₹1,000 on some
- You are fine with a small, supplier-sourced shelf and no published fee
- Bonds are a meaningful part of your portfolio and you want a deeper bonds-first shelf
- You value a platform co-investing (~2%) in what it lists
- You prefer the longest track record and largest volumes among bond platforms
Which should you pick?
Read the full reviews: Groww review · Wint Wealth review
Compare next
Sources
- https://groww.in/bonds/corporate-bonds
- https://groww.in/updates/secondary-market-bonds-on-groww
- https://www.sebi.gov.in/online-bond-platform-providers.html
- https://www.moneycontrol.com/technology/online-bond-platforms-see-sharp-growth-as-retail-investors-warm-up-to-corporate-debt-amid-muted-equity-returns-article-14020572.html
- https://www.sebi.gov.in/enforcement/orders/nov-2025/adjudication-order-in-the-matter-of-inspection-of-fourdegreewater-services-private-limited-as-stock-broker-acting-as-an-online-bond-platform-provider_97884.html
- https://www.wintwealth.com/
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.
← Back to the bonds hubFrequently asked
What people ask when choosing between Groww and Wint Wealth.
For convenience, Groww: bonds sit inside the app many investors already use. For depth and a bonds-first experience, Wint Wealth: a larger shelf, a stated ~2% co-investment and ~₹900 crore of monthly bond sales vs ~₹200 crore for Groww in July 2026. Both carry the credit risk of the NBFC bonds they sell.
Both are SEBI-registered online bond platforms and both settle bonds into your own demat account, so the platform layer is comparable. The real risk is the bonds: both shelves lean on A to AA NBFC paper. Wint has the longer record (online bond platform since 2023, a ₹1 lakh SEBI penalty in Nov 2025); Groww's listed-bond product is only four months old.
Some bonds appear on more than one platform, sometimes at different yields, because each platform adds its own spread. Groww's listed bonds are supplied by Yubi and Northern Arc, so compare the same ISIN's yield on Groww, Wint Wealth and the supplier's platform (Aspero or AltiFi) before buying.
Neither publishes a per-bond fee: both are 'zero brokerage' and earn through a spread in the price, plus issuer fees in Wint's case. The only reliable comparison is the net YTM on each platform for the same bond on the same day.
Groww's listed bonds ranged from about ₹986 to about ₹1.01 lakh on 25 Sep 2026, and bond IPOs need ₹10,000. Wint Wealth markets bonds from ₹1,000. The real minimum depends on each bond's price and lot size.