Groww has recorded one of the biggest monthly wins in India’s investment space by adding more than two million new SIP registrations in October. This single-month achievement places Groww far ahead of other major players in the digital investment market, including Zerodha, Angel One, PhonePe and Paytm Money. The surge reflects a major shift in how young Indians prefer to invest today. More people are choosing simple, mobile-first investment platforms that allow them to start small and stay consistent. Groww’s performance shows how strongly this trend is growing across the country.
Groww Strengthens Its Lead in New SIP Registrations
In October, Groww captured close to half of all new SIP registrations across India. This is a remarkable lead, especially when compared to competing platforms. Angel One added around 5.7 lakh new SIPs during the same period, while PhonePe registered close to 2.4 lakh new SIPs. Paytm Money added about 1.6 lakh, and Zerodha stood much lower with around 26,000 new additions. The gap makes Groww the most preferred platform for new SIP investors, especially beginners who want a hassle-free experience. It also highlights the company’s growing acceptance in both small cities and metros. Many first-time investors now open their SIPs through mobile apps rather than going to traditional brokers, and Groww is benefiting the most from this shift.
Why More Users Prefer Groww’s Investment Platform
Groww’s rapid rise has a lot to do with its simple and easy-to-use app interface. Even a beginner with no previous investment experience can start an SIP within minutes. This ease of use has helped Groww attract a very young audience. A large percentage of new users joining the platform every month sign up specifically to start SIPs. Compared to last year, the company’s SIP additions in October are 149 percent higher, showing strong year-on-year growth. Over the last six months, Groww has captured more than 40 percent of all new SIP accounts created in the country. This steady rise demonstrates deepening customer trust and a growing preference for long-term investment habits among the youth. It also shows that SIPs have become the go-to option for people who want to grow their money without worrying about daily market movements.
A Strong Business Outlook Supported by Higher Investor Activity
Groww’s success is not limited to user numbers. The company is also showing strong financial performance. In FY25, Groww posted a net profit of over ₹1,800 crore, marking a major turnaround from the loss reported a year earlier. The platform has expanded beyond mutual funds into stockbroking, derivatives and bonds, helping it attract a wider investor base. More than half of the customer assets on Groww now come from mutual funds, while stockbroking contributes close to eighty percent of the company’s revenue. This mix gives Groww a stable foundation and a clear pathway to scale further as more Indians move their investments online.
What Groww’s Growth Means for Indian Investors
Groww’s record-breaking SIP numbers show that digital investing is becoming mainstream in India. The app has made it easy for people of all ages, including students and young professionals, to begin investing with small monthly amounts. This shift is especially important for first-time investors who want a simple and low-risk way to build wealth. As more people get comfortable with SIPs, the overall investor base in India is expected to grow rapidly. Groww’s strong lead also means that competition in the digital investing space will intensify, encouraging other platforms to improve their services and create more user-friendly experiences.
Groww’s performance in October marks a turning point for India’s retail investment ecosystem. With over two million new SIPs added in just one month, the company has set a new benchmark for scale, simplicity and investor trust.