Groww bonds: how to buy bonds on Groww

What bonds you can buy on Groww right now

Groww's bond menu has two live products. The first is bond IPOs: when a company or NBFC raises money through a public issue of non-convertible debentures (NCDs), you apply for an allotment from the Bonds section, much like a share IPO. Groww launched this on 24 July 2025 with a ₹10,000 minimum (₹1,000 per unit). On 25 Sep 2026 one issue was open (an Edelweiss Financial Services NCD) and seven recent issues were listed as closed.

The second, and now the bigger one, is listed corporate bonds on the secondary market. Groww announced 'Explore and Invest in Bonds Anytime' on 27 May 2026: you browse bonds that are already listed, compare them on yield, tenure, credit rating, payout frequency and minimum investment, and buy directly in the app or on the website. On 25 Sep 2026 the screener at groww.in/bonds/corporate-bonds listed 26 bonds with yields to maturity from 8.15% to 12.25%, minimum investments from about ₹986 to about ₹1.01 lakh, and ratings from AA+ down to BBB+ (one AA+, one AA, ten AA-, five A+, three A, three A- and three BBB+). The shelf is dominated by NBFCs and microfinance lenders — names like IIFL Samasta, Muthoot Microfin, Kosamattam, Aye Finance and Keertana Finserv — alongside a few corporates such as Adani Enterprises, Adani Airport Holdings and Dishman Carbogen Amcis.

What Groww does not sell is government paper. There is no in-app route to buy G-secs, T-bills or state development loans (SDLs): Groww's government-bond URLs return errors and its bond sitemap contains only corporate ISINs. Sovereign Gold Bonds have a page, but no new SGB series is open, so older SGBs can only be bought on the exchange. If you want sovereign bonds at auction prices with no markup, RBI Retail Direct is the direct route — see government bonds in India and treasury bills.

Your bonds settle into your CDSL demat account (Groww's DP registration IN-DP-417-2019), not into a Groww wallet, so they are held in your name by the depository — the same protection as shares bought through any SEBI-registered broker.

Who actually supplies Groww's bonds

This is the detail most Groww bond guides miss. Every listed-bond page on Groww carries a 'Powered by' line. On 25 Sep 2026, 14 of the 26 bonds said 'Powered by Yubi' and the other 12 said 'Powered by Northern Arc'. Yubi is the group behind the Aspero bond platform, and Northern Arc runs AltiFi through Northern Arc Securities, itself a SEBI-registered bond platform. In other words, Groww's listed-bond shelf is sourced from two established fixed-income houses rather than originated by Groww itself.

That matters in two practical ways. First, the same bond is often available on the supplier's own platform, so it is worth checking the yield there before you buy — two platforms can quote different yields for the same ISIN because each adds its own spread. Second, it tells you where the credit work comes from: Groww's bond pages show the rating, the rating agency's rationale, the trustee and the information memorandum, but the selection of issuers reflects what Yubi and Northern Arc bring to the shelf.

How to buy a bond on Groww — step by step

Both products sit in the Bonds section of the Groww app (and on groww.in/bonds). Listed bonds can be bought whenever the platform is open for orders; bond IPOs only while an issue is open and only within market hours.

• 1. Open Bonds and pick the listed-bonds screener. Use the filters and sorting to narrow the list by credit rating, minimum investment, tenure, payout frequency and yield.
• 2. Open a bond page and read it properly. It shows the yield to maturity (YTM), coupon, current yield, clean and dirty price, maturity date, payout schedule (monthly, quarterly, annual or cumulative, and whether principal is repaid in instalments), minimum investment, trustee, the rating with the agency's rationale, and the information memorandum. The YTM at your buy price — not the coupon — is the return you lock in if you hold to maturity.
• 3. Check the credit, not just the yield. A 12% yield on a BBB+ microfinance bond is payment for real default risk. Read the rating rationale and decide how much of your fixed-income money you are willing to put into sub-AAA paper.
• 4. Enter the quantity and place the order. The bonds settle into your demat account, and coupons are paid to your linked bank account on the payout schedule.
• 5. For a bond IPO instead: go to the IPO tab, choose a series (monthly, annual or cumulative payout), enter units in multiples that meet the ₹10,000 minimum and apply between 10:00 and 17:00 on a market day. Allotment is not guaranteed; if allotted, the NCDs are credited to your demat and list on the exchange on the date shown.

What it costs — and why the fee is hard to pin down

Groww's public pricing page lists brokerage for stocks, F&O and other products, but has no line for bonds, and its bond announcements do not mention a fee. So you cannot read Groww's bond cost off a rate card.

Bond IPO applications carry no brokerage, as with share IPOs — the issuer pays for distribution. For listed bonds sold through an online bond platform, the industry model is 'zero brokerage' with the platform's earning built into the price: the bond is offered to you at a slightly lower yield than the platform sourced it at. Groww does not disclose any such spread, and neither do most bond platforms. The practical defence is the same everywhere: ignore the word 'zero' and compare the net YTM on the order screen with what the same ISIN is offered at elsewhere — including on the supplier's own platform — before you buy.

One more cost to remember is tax. Bond interest is taxed at your income-tax slab, so a 10% coupon is roughly a 7% post-tax return in the 30% bracket. Always compare bonds with FDs on a post-tax basis — the math is in how to invest in bonds.

Groww vs Zerodha vs a pure-play bond platform

Where you buy a bond changes the price you pay and the shelf you choose from. Groww now behaves like a pure-play bond platform inside a mass-market app: a curated shelf of listed corporate bonds plus bond IPOs, priced the platform way. Zerodha works differently — you buy listed bonds and NCDs on Kite at the live exchange price and bid for G-secs, T-bills and SDLs in RBI auctions, with no curated shelf. Moneycontrol reported on 26 Aug 2026 that Zerodha has SEBI's nod to launch a corporate-bond platform, but NSE's OBPP list still showed it as 'Not Enabled' on 16 Sep 2026, so for now Zerodha remains the exchange route.

Pure-play platforms like Wint Wealth and IndiaBonds curate larger shelves and have longer track records. By NSE data cited by Moneycontrol (2 Sep 2026), Wint Wealth handles about ₹900 crore of bond purchases a month — roughly half of all OBPP transactions — Stable Money about ₹600 crore, GoldenPi and Grip over ₹200 crore each, and Groww about ₹200 crore in July, within two months of launch.

Is Groww the right place to buy your bonds?

Groww suits someone who already invests through Groww and wants to add a few rated corporate bonds without opening another account. The screener is clean, each bond page shows the rating rationale, trustee and information memorandum, and minimums start low.

It is a weaker fit if you want government securities (not offered), the widest choice (dedicated platforms list far more bonds), or the most transparent pricing (the exchange route on a broker like Zerodha, or RBI Retail Direct for G-secs). And because the listed shelf is mostly A to AA- NBFC and microfinance paper, the higher yields are payment for credit risk.

Whatever app you use, the risks that decide a bond's outcome do not change: default risk (the CARE-rated TruCap NCD default in July 2025 hit buyers on several regulated platforms), thin liquidity (plan to hold to maturity), interest-rate risk if you sell early, and slab-rate tax on interest. For the platform verdict — safety, fees and who supplies the bonds — read our Groww Bonds review, and compare it head-to-head with Wint Wealth and Stable Money.