Groww shares rose 1.91% after the company added 70,119 clients in July, taking its active client base to ...More

Groww shares rose 1.91% after the company added 70,119 clients in July, taking its active client base to 13.12 million and market share to 28.88%. The stock has gained nearly 27% in 2026 so far, outperforming the Sensex, while remaining 13% below its 52-week high. ...Less

Groww described the departures as part of a planned management transition, and said it does not plan to a ...More

Groww described the departures as part of a planned management transition, and said it does not plan to appoint external replacements. Its founders will work more closely with the wealth management business, while several senior Fisdom executives will take on expanded responsibilities. Fisdom's employees, clients, assets, licences, and partnerships have been integrated. ...Less

The ambition is backed by a rapid expansion in Groww’s affluent customer base. The number of active afflu ...More

The ambition is backed by a rapid expansion in Groww’s affluent customer base. The number of active affluent users—defined by the company as customers with at least Rs 25 lakh of assets on the platform—rose to around 400,000 in FY26 from 200,000 a year earlier. ...Less

Chief executive Lalit Keshre, chief financial officer Ishan Bansal, chief operating officer Harsh Jain, a ...More

Chief executive Lalit Keshre, chief financial officer Ishan Bansal, chief operating officer Harsh Jain, and chief technology officer Neeraj Singh will be the general partners of the fund and deploy their personal capital, with no plans to raise money from external limited partners. A small, dedicated investment team will handle sourcing, due diligence, and portfolio management under the founders’ supervision, the people said. ...Less

India's fintechs are looking beyond their core businesses as growth normalises and investors seek more pr ...More

India's fintechs are looking beyond their core businesses as growth normalises and investors seek more predictable revenue. Groww, Paytm, Pine Labs and Kissht are using networks to add products and reduce exposure to low payment monetisation, market cycles and unsecured credit. ...Less

Happy Friday! Swiggy lowered its losses in the April-June quarter as revenue rose. This and more in today ...More

Happy Friday! Swiggy lowered its losses in the April-June quarter as revenue rose. This and more in today’s ETtech Morning Dispatch. ...Less

Swiggy delivered improved Q1 earnings with a narrower loss and higher revenue. This and more in today's E ...More

Swiggy delivered improved Q1 earnings with a narrower loss and higher revenue. This and more in today's ETtech Top 5. ...Less

Happy Friday! Nazara Technologies will raise funds via a preferential issue. This and more in today’s ETt ...More

Happy Friday! Nazara Technologies will raise funds via a preferential issue. This and more in today’s ETtech Morning Dispatch. ...Less

Happy Monday! As core growth cools, India's listed fintechs are diversifying fast and launching new produ ...More

Happy Monday! As core growth cools, India's listed fintechs are diversifying fast and launching new products. This and more in today’s ETtech Morning Dispatch. ...Less

Most listed brokers saw earnings pressure in the June quarter. Trading activity in equity derivatives slo ...More

Most listed brokers saw earnings pressure in the June quarter. Trading activity in equity derivatives slowed, and gold and silver rallies reversed. Motilal Oswal Financial Services revenue surged eighty-eight percent during this period. Angel One and Anand Rathi Share & Stock Brokers reported profit declines. Investor participation remained healthy, but trading volumes were volatile. ...Less

Equity mutual fund inflows declined 15% month-on-month to Rs 24,697 crore in July, but smallcap funds att ...More

Equity mutual fund inflows declined 15% month-on-month to Rs 24,697 crore in July, but smallcap funds attracted a record Rs 7,767 crore, followed by midcaps at Rs 6,192 crore. Largecap funds recorded their first outflow in 30 months at Rs 1,321 crore, highlighting continued investor preference for growth-oriented segments. ...Less

Groww's parent, Billionbrains Garage Ventures, saw FIIs and mutual funds raise stakes in Q1FY27 as net pr ...More

Groww's parent, Billionbrains Garage Ventures, saw FIIs and mutual funds raise stakes in Q1FY27 as net profit surged 94% YoY, prompting Jefferies, JM Financial and Motilal Oswal to set a Rs 250 target price, implying about 21% upside from current levels. ...Less

Mutual fund returns show significant differences between top and bottom performers. The flexi-cap categor ...More

Mutual fund returns show significant differences between top and bottom performers. The flexi-cap category saw a wide gap between gains and losses. Small-cap funds also displayed considerable divergence in their yearly performance. Market trends favored stock-specific bets and certain sectors over traditional ones. Investors must understand fund styles and team track records for better selection. ...Less

Indian brokers are lending large sums to retail investors, creating systemic risk. Retail investors are b ...More

Indian brokers are lending large sums to retail investors, creating systemic risk. Retail investors are borrowing heavily to buy stocks at stretched valuations. This margin debt has ballooned significantly, with new-age brokers aggressively competing. Unlike Korea's AI focus, India's debt supports stocks global investors are avoiding. Policymakers face challenges as inflation and a weakening rupee test their resolve. ...Less

MSCI’s August India Standard Index review could trigger major passive inflows, with Eternal expected to a ...More

MSCI’s August India Standard Index review could trigger major passive inflows, with Eternal expected to attract the highest at $648 million, according to Nuvama. The brokerage sees Laurus Labs, Adani Energy Solutions, Lenskart and Groww among likely inclusions, while Balkrishna Industries, SBI Cards and Astral face potential exclusions. ...Less

Only 23 companies raised $2.3 billion through IPOs during the period, compared with a record 105 issues t ...More

Only 23 companies raised $2.3 billion through IPOs during the period, compared with a record 105 issues that raised $18.7 billion in 2025. Even during last year’s boom, offer-for-sale components—through which existing shareholders sell stock—accounted for 64% of IPO proceeds. ...Less

Deepinder Goyal’s Temple is raising funds and will soon begin shipping its wearable device. This and more ...More

Deepinder Goyal’s Temple is raising funds and will soon begin shipping its wearable device. This and more in today’s ETtech Top 5. ...Less

Groww shares rebounded on Friday after a sharp decline in the previous session as brokerages remained upb ...More

Groww shares rebounded on Friday after a sharp decline in the previous session as brokerages remained upbeat following strong Q1FY27 earnings. Jefferies, JM Financial and Motilal Oswal reiterated Buy ratings, citing robust profit growth, improving operating leverage, market share gains and diversified revenue streams, with targets of Rs 250. ...Less

Around 21 equity mutual funds delivered over 20% XIRR on SIP investments over the past year, an ETMutualF ...More

Around 21 equity mutual funds delivered over 20% XIRR on SIP investments over the past year, an ETMutualFunds analysis found. Small-cap funds dominated the list, with the top seven all belonging to the category and five generating over 30% XIRR. Bank of India Small Cap Fund topped the rankings with a 39.08% XIRR, turning a Rs 10,000 monthly SIP into around Rs 1.43 lakh. ...Less

Groww parent Billionbrains Garage Ventures shares rose after reporting a 94% YoY jump in Q1FY27 consolida ...More

Groww parent Billionbrains Garage Ventures shares rose after reporting a 94% YoY jump in Q1FY27 consolidated net profit to Rs 735 crore. Revenue from operations surged 66% YoY to Rs 1,504 crore, while profit also increased 7% sequentially. The stock has gained 9% over the last two trading sessions. ...Less

Groww said equity derivatives accounted for 52% of total income, down from 54.8% in the March quarter and ...More

Groww said equity derivatives accounted for 52% of total income, down from 54.8% in the March quarter and 56.4% a year earlier. The contribution from its margin trading facility (MTF) rose to 8%, while commodities grew by 4.9%, helping the company reduce its dependence on equity futures and options. ...Less

Groww’s notional average daily turnover in commodity derivatives stood at Rs 2.43 lakh crore across MCX ( ...More

Groww’s notional average daily turnover in commodity derivatives stood at Rs 2.43 lakh crore across MCX (Multi Commodity Exchange) and NSE Commodity during the quarter, compared with Rs 2.367 lakh crore reported by Angel One across MCX, the National Commodity and Derivatives Exchange, and NSE Commodity. ...Less

Billionbrains Garage Ventures, Groww’s listed parent, reported a 94% year-on-year increase in net profit ...More

Billionbrains Garage Ventures, Groww’s listed parent, reported a 94% year-on-year increase in net profit to Rs 735 crore for the April-June quarter. Revenue from operations rose 66% to Rs 1,501 crore. The company said additions of new transacting users remained low during the quarter, partly because of weaker capital-market activity, particularly in initial public offerings and exchange-traded funds. ...Less

Adani Green, Groww and Laurus Labs have emerged as key stocks to watch ahead of MSCI’s August 2026 index ...More

Adani Green, Groww and Laurus Labs have emerged as key stocks to watch ahead of MSCI’s August 2026 index review. JM Financial expects up to 12 inclusions and three exclusions, potentially triggering $2.3 billion in passive inflows, with index-linked buying likely to drive liquidity, institutional ownership and near-term stock movements. ...Less

Motilal Oswal Midcap Fund leads five-year returns, raising questions about future performance. The fund d ...More

Motilal Oswal Midcap Fund leads five-year returns, raising questions about future performance. The fund delivered strong CAGR, outperforming its benchmark and category average. However, recent valuations suggest a lower scope for similar past returns. Experts advise diversified equity fund investments to mitigate concentration risk. Investors can consider SIPs for rupee cost averaging during market fluctuations. ...Less

Billionbrains Garage Ventures, Groww's parent, posted a Rs 735 crore net profit. This marks a substantial ...More

Billionbrains Garage Ventures, Groww's parent, posted a Rs 735 crore net profit. This marks a substantial 94.44% year-on-year increase in earnings. Groww's revenue from operations also saw a sharp 66% rise. The company's revenue reached Rs 1,504 crore in the first quarter. Net profit grew seven percent sequentially to Rs 735 crore. ...Less

Billionbrains Garage Ventures shares surged after reporting strong Q1 FY27 earnings. The company posted a ...More

Billionbrains Garage Ventures shares surged after reporting strong Q1 FY27 earnings. The company posted a consolidated net profit of Rs 735 crore, up 94.44% year-on-year. Revenue from operations also rose significantly, driven by traction in newer products. Groww retained its position as India's largest direct mutual fund distribution platform. The company added net clients and expanded market share across key segments. ...Less

Brokerages adjusted stock ratings following recent quarterly earnings reports. JM Financial upgraded Grow ...More

Brokerages adjusted stock ratings following recent quarterly earnings reports. JM Financial upgraded Groww to Buy after strong Q1FY27 performance and cost control. Motilal Oswal maintained a Buy rating on HDFC Life Insurance due to steady growth prospects. However, ICICI Lombard was downgraded to Neutral amid weaker profitability and a higher claims ratio. These adjustments reflect company-specific growth and profitability trends observed in the past. ...Less

Markets traded under pressure amid renewed geopolitical concerns on Tuesday. Several companies like Groww ...More

Markets traded under pressure amid renewed geopolitical concerns on Tuesday. Several companies like Groww and Infosys will be in focus today. Anand Rathi Share reported a significant profit rise for the June quarter. IDBI Bank clarified reports regarding a potential Fairfax Financial offer. Tata Elxsi announced an 18.2% profit increase supported by strong tech spending. ...Less

Paytm parent One 97 Communications has shelved its proposed first-ever bonus share issue for now, opting ...More

Paytm parent One 97 Communications has shelved its proposed first-ever bonus share issue for now, opting to focus on business growth and improving profitability to create long-term shareholder value. The decision was taken by the board at its July 20 meeting. ...Less

The Union Cabinet has cleared the India Semiconductor Mission (ISM) 2.0 to boost domestic chip manufactur ...More

The Union Cabinet has cleared the India Semiconductor Mission (ISM) 2.0 to boost domestic chip manufacturing. This and more in today's ETtech Top 5. ...Less

An upcoming MSCI index rebalancing may introduce about $2.3 billion in passive investment flows. The glob ...More

An upcoming MSCI index rebalancing may introduce about $2.3 billion in passive investment flows. The global index provider will announce changes on August 12 after market close. Several Indian stocks are likely candidates for inclusion in the MSCI India Standard Index. These changes will impact index-linked exchange-traded funds and mutual funds. The rebalancing will become effective for portfolios on August 31. ...Less

Samir Arora-backed Helios Mid Cap Fund added Groww parent Billionbrains Garage Ventures and four other st ...More

Samir Arora-backed Helios Mid Cap Fund added Groww parent Billionbrains Garage Ventures and four other stocks to its June portfolio, while raising exposure to Paytm and 29 other companies. The fund exited five stocks, trimmed its stake in Black Box and retained holdings in 32 stocks unchanged. ...Less

Paytm shares rose 2.7% after the fintech firm reported a 79% year-on-year jump in Q1 consolidated net pro ...More

Paytm shares rose 2.7% after the fintech firm reported a 79% year-on-year jump in Q1 consolidated net profit to Rs 220 crore. Revenue from operations increased 28% to Rs 2,448 crore, while total income rose 22% to Rs 2,630 crore. Profit before tax climbed to Rs 247 crore, reflecting stronger operating performance both year-on-year and quarter-on-quarter. ...Less

Helios Flexi Cap Fund added Groww's parent company and five other stocks in June. The fund also increased ...More

Helios Flexi Cap Fund added Groww's parent company and five other stocks in June. The fund also increased its stake in HDFC Bank and 14 other companies. It reduced exposure in Bharti Airtel and two other selected stocks. Helios Flexi Cap Fund completely exited five companies during the month. The fund's portfolio held sixty-eight stocks by the end of June. ...Less

The government is mulling restoring MDR on UPI transactions for large merchants. This and more in today’s ...More

The government is mulling restoring MDR on UPI transactions for large merchants. This and more in today’s ETtech Morning Dispatch. ...Less

Zerodha's Nithin Kamath and Groww are debating direct mutual fund offerings publicly. Kamath reiterated Z ...More

Zerodha's Nithin Kamath and Groww are debating direct mutual fund offerings publicly. Kamath reiterated Zerodha's commitment to free direct mutual fund plans. Groww clarified that its optional subscription service does not replace direct mutual funds. Direct mutual funds remain free for do-it-yourself investors on Groww. This debate highlights shifts in India's investment platform industry. ...Less

Groww assures investors direct mutual funds remain free for do-it-yourself users. The platform stated its ...More

Groww assures investors direct mutual funds remain free for do-it-yourself users. The platform stated its commitment to zero-commission offerings for these investors. This clarification follows recent discussions regarding mutual fund offerings in the market. ...Less

Groww experienced a temporary disruption affecting client fund withdrawals on Friday. This incident was a ...More

Groww experienced a temporary disruption affecting client fund withdrawals on Friday. This incident was attributed to an issue with its cloud service provider, Google Cloud Platform. Some users also reported difficulties depositing money into their accounts. The brokerage stated the problem was promptly resolved before market closing. Customers could then access their funds after the disruption ended. ...Less

Kissht parent OnEMI Technology Solutions said Invincible Minds received an Amfi Registration Number on Ju ...More

Kissht parent OnEMI Technology Solutions said Invincible Minds received an Amfi Registration Number on July 14. The registration is valid from July 13, 2026, to July 12, 2029. It allows the subsidiary to distribute mutual fund products, but not to launch or manage mutual fund schemes. ...Less

AMFI has simplified mutual fund transmission procedures for deceased unit holders. New measures consider ...More

AMFI has simplified mutual fund transmission procedures for deceased unit holders. New measures consider address and name mismatches for smoother claims. Asset Management Companies will now rely on updated address details supported by documentation. A harmonized framework for name and signature discrepancies is also introduced. These updated guidelines are effective immediately for all member AMCs. ...Less

The Sensex surged over 960 points and the Nifty climbed more than 1% on Friday, driven by strong Q1 earni ...More

The Sensex surged over 960 points and the Nifty climbed more than 1% on Friday, driven by strong Q1 earnings optimism and buying in IT and banking stocks. Analysts said domestic institutional investors are rotating into attractively valued large-cap stocks, while selective profit booking in mid- and small-caps continues. Consumer durables also remain in focus on improving demand expectations. ...Less

Bitcoin recovered towards $64,000 after an AI-driven selloff pushed the cryptocurrency below the $63,000 ...More

Bitcoin recovered towards $64,000 after an AI-driven selloff pushed the cryptocurrency below the $63,000 mark. Experts said risk-off sentiment weighed on crypto markets, though softer US inflation data helped revive investor confidence. Analysts highlighted key technical levels and cautioned that the broader downtrend remains intact. ...Less

Indian equities ended marginally higher after surrendering most intraday gains. Softer US inflation data ...More

Indian equities ended marginally higher after surrendering most intraday gains. Softer US inflation data supported sentiment, while elevated crude prices, West Asia tensions and mixed sector performance kept markets volatile. Analysts expect Nifty to remain range-bound unless it breaks above 24,350. ...Less

Mutual funds invested Rs 50,600 crore in stocks during June. They significantly bought JSWInfra, Bajaj Fi ...More

Mutual funds invested Rs 50,600 crore in stocks during June. They significantly bought JSWInfra, Bajaj Finance, and HDFC Bank. Conversely, Asian Paints, ICICI Bank, and SBI saw major reductions. In midcaps, JSW Infrastructure and Meesho were key additions by funds. Smallcap segment saw buying in Acme Solar Holdings and Craftsman Auto. ...Less

Indian equities ended subdued as geopolitical tensions capped gains despite optimism around Q1 earnings. ...More

Indian equities ended subdued as geopolitical tensions capped gains despite optimism around Q1 earnings. Analysts expect stock-specific action, with financials, autos and digital firms in focus, while Nifty remains range-bound between key support and resistance amid cautious investor sentiment. ...Less

The June quarter earnings season gathers pace with 43 companies, including HDFC Life Insurance, HDB Finan ...More

The June quarter earnings season gathers pace with 43 companies, including HDFC Life Insurance, HDB Financial Services, Jana Small Finance Bank and ICICI Prudential Life Insurance, set to report results today. Around 143 companies will announce earnings this week, with investors tracking corporate performance, demand trends and sectoral outlooks. ...Less

Fresh SIP options in international mutual funds have narrowed sharply, with only Baroda BNP Paribas Aqua ...More

Fresh SIP options in international mutual funds have narrowed sharply, with only Baroda BNP Paribas Aqua FoF accepting new investments after multiple fund houses halted inflows due to SEBI’s overseas investment limits. Investors are exploring LRS, GIFT City and global ETFs as alternatives. ...Less

ICICI Prudential Flexicap Fund turned a Rs 10,000 monthly SIP into Rs 8.47 lakh over five years ending Ju ...More

ICICI Prudential Flexicap Fund turned a Rs 10,000 monthly SIP into Rs 8.47 lakh over five years ending June 30, 2026, delivering an XIRR of 13.83% on a total investment of Rs 6 lakh. During the same period, the BSE 500 TRI generated an XIRR of 10.43%. The fund also reported strong three-year and one-year SIP returns. ...Less

Angel One shares rose 2% on Thursday after the fintech and broking firm reported strong Q1FY27 earnings. ...More

Angel One shares rose 2% on Thursday after the fintech and broking firm reported strong Q1FY27 earnings. Consolidated net profit more than doubled year-on-year to Rs 231 crore, while revenue increased 25.3% to Rs 1,430 crore. EBITDA surged 76.5% to Rs 485 crore, with the EBITDA margin expanding to 34% from 24%, driven by robust operating leverage and healthy business grow ...Less

Abakkus Mutual Fund has launched its third equity NFO, the Abakkus Large & Mid Cap Fund. This new fund ai ...More

Abakkus Mutual Fund has launched its third equity NFO, the Abakkus Large & Mid Cap Fund. This new fund aims to navigate volatile markets by investing in growth companies and established businesses. The fund employs an in-house MEETS framework for evaluating long-term value creation potential. Experts suggest caution with NFOs due to the absence of a performance track record. ...Less

Indian markets saw a rebound on Thursday, recovering from Wednesday's sharp sell-off. TCS reported a 5% y ...More

Indian markets saw a rebound on Thursday, recovering from Wednesday's sharp sell-off. TCS reported a 5% year-on-year profit growth, and Groww affirmed its direct mutual fund strategy. Shriram Finance is raising funds to reduce borrowing costs after a rating upgrade. Maruti Suzuki plans to add service points, and Dixon Tech will expand smartphone manufacturing. Premier Energies commissioned a solar module facility, and Anand Rathi Wealth saw profit rise. ...Less

The National Stock Exchange (NSE) has partnered with Augmont Enterprises to boost the adoption of Electro ...More

The National Stock Exchange (NSE) has partnered with Augmont Enterprises to boost the adoption of Electronic Gold Receipts (EGRs), aiming to build a deeper and more liquid spot gold market in India. The collaboration seeks to formalise the country's vast household gold holdings by enabling investors to trade, lend and redeem physical gold through a regulated exchange framework, while improving liquidity, price discovery and market efficiency. ...Less

Abakkus Mutual Fund has launched the Abakkus Large & Mid Cap Fund, an open-ended equity scheme that will ...More

Abakkus Mutual Fund has launched the Abakkus Large & Mid Cap Fund, an open-ended equity scheme that will invest predominantly in large-cap and mid-cap companies. The NFO is open until July 29 and aims to generate long-term capital appreciation through a research-driven investment approach. ...Less

As SBI Funds Management heads for its Rs 11,693-crore IPO, the rise of digital-first platforms like Zerod ...More

As SBI Funds Management heads for its Rs 11,693-crore IPO, the rise of digital-first platforms like Zerodha and Groww is reshaping India's mutual fund industry. While digital challengers are winning younger investors, the country's largest AMC believes its scale, trust and distribution network remain powerful competitive advantages. ...Less

The June quarter earnings season is set to accelerate with 143 companies, including HDFC Bank, Reliance I ...More

The June quarter earnings season is set to accelerate with 143 companies, including HDFC Bank, Reliance Industries and HCL Tech, scheduled to report this week. With growth projected at 10%, investors will track sectoral trends across banking, IT and consumption, focusing on margins, demand outlook and asset quality signals. ...Less

India's primary market anticipates a significant IPO rush totaling nearly eleven thousand nine hundred ei ...More

India's primary market anticipates a significant IPO rush totaling nearly eleven thousand nine hundred eighty crore rupees next week. SBI Funds Management and Alpine Texworld will lead the mainboard segment with substantial fundraising efforts. SBI Funds Management aims to raise eleven thousand six hundred ninety three crore rupees through an offer for sale. ...Less

Sebi approved IPO proposals of Tonbo Imaging India, Marri Retail, Zetwerk and Gujarat Victory Forgings, s ...More

Sebi approved IPO proposals of Tonbo Imaging India, Marri Retail, Zetwerk and Gujarat Victory Forgings, strengthening the primary market pipeline. The companies plan fundraising for expansion, debt repayment and growth, with defence, retail, manufacturing and metals sectors represented. ...Less

Around 13 mutual funds and two Specialized Investment Funds are currently open for subscription across ca ...More

Around 13 mutual funds and two Specialized Investment Funds are currently open for subscription across categories including hybrid, index, ETF, multi-asset and large & midcap funds. Investors can choose from offerings by ICICI Prudential, SBI, Mirae Asset, UTI and others. ...Less

YouTuber Ranveer Allahbadia, known for BeerBiceps, advised focusing on increasing income over investing f ...More

YouTuber Ranveer Allahbadia, known for BeerBiceps, advised focusing on increasing income over investing for those earning under ₹50,000 monthly. He stressed that doubling earnings significantly impacts financial growth more than saving small amounts. This perspective sparked debate online, with some users highlighting the limitations of corporate jobs and the varying value of savings across different cities. ...Less

Motilal Oswal Chairman Raamdeo Agrawal says purposeful reading shapes better investors and recommends sev ...More

Motilal Oswal Chairman Raamdeo Agrawal says purposeful reading shapes better investors and recommends seven timeless investing books, including works by Peter Lynch, Warren Buffett, Philip Fisher and Howard Marks, urging readers to internalise key lessons instead of chasing dozens of titles. ...Less

In 2021, India witnessed a surge of 39 startups achieving unicorn status. Following a period of easy fund ...More

In 2021, India witnessed a surge of 39 startups achieving unicorn status. Following a period of easy funding, these companies, including Cred and Meesho, now navigate a changed landscape marked by global uncertainties and investor caution. While some, like Cred, continue to secure significant investments, others are adapting their strategies or pursuing public listings, reflecting the evolving dynamics of the startup ecosystem. ...Less

Indian investors can now easily buy foreign stocks like Apple and Nvidia through GIFT City, thanks to maj ...More

Indian investors can now easily buy foreign stocks like Apple and Nvidia through GIFT City, thanks to major discount brokers like Groww and Zerodha launching overseas investing services. This move, facilitated by the Liberalised Remittance Scheme, allows investments starting from just $1 with fractional shares. While charges include brokerage and forex conversion, GIFT City offers a regulated framework for these international investments. ...Less

India's IT and ER&D sectors are navigating a structural slowdown, with EV capex cuts impacting companies ...More

India's IT and ER&D sectors are navigating a structural slowdown, with EV capex cuts impacting companies like KPIT. Near-term macro risks, including geopolitical tensions and inflation, cloud the outlook. Metals face price pressure from increased supply, though low inventories offer future potential. Kotak's Standard Chartered deal appears fairly priced, but execution is key. Mid-sized private banks, however, present a stronger opportunity, while broking stocks face RBI headwinds. ...Less

Raamdeo Agrawal recalls Rakesh Jhunjhunwala’s exceptional ability to spot undervalued stocks and build lo ...More

Raamdeo Agrawal recalls Rakesh Jhunjhunwala’s exceptional ability to spot undervalued stocks and build long-term wealth, highlighting his famous Titan investment as a defining example. Despite early setbacks in the company, Jhunjhunwala accumulated shares at low prices and held them through its transformation into a major jewellery business, creating massive wealth over two decades. ...Less

Indian equities declined for a second session as investors stayed cautious despite easing geopolitical te ...More

Indian equities declined for a second session as investors stayed cautious despite easing geopolitical tensions. Sensex lost nearly 250 points and Nifty fell over 80, while analysts expect recovery if the index holds above the crucial 23,800 support level. ...Less

India has dropped to fourth place globally in unicorn rankings, with the UK now holding third position. W ...More

India has dropped to fourth place globally in unicorn rankings, with the UK now holding third position. While the US and China lead, India's startup ecosystem saw slower growth in new unicorns, though several went public. Artificial intelligence is driving massive valuations across sectors, significantly boosting the AI and cybersecurity industries worldwide. ...Less

Buying US stocks could soon become easier for Indian retail investors after Zerodha, Groww, Angel One and ...More

Buying US stocks could soon become easier for Indian retail investors after Zerodha, Groww, Angel One and Upstox secured regulatory approvals from GIFT City’s IFSCA. The licences will enable the brokerages to facilitate overseas investing, tapping into growing demand for global equities under the RBI’s Liberalised Remittance Scheme. ...Less

Leading Indian fintechs Groww, Zerodha, Angel One, and Upstox have secured licenses from IFSCA to offer i ...More

Leading Indian fintechs Groww, Zerodha, Angel One, and Upstox have secured licenses from IFSCA to offer international equity investing to Indian retail traders. Groww and Upstox obtained Global Access Provider (GAP) licenses, while Zerodha and Angel One became broker-dealers, enabling direct or indirect access to US stock markets. ...Less

Indian benchmark indices traded with a positive bias, with the Nifty consolidating near the 24,000 mark a ...More

Indian benchmark indices traded with a positive bias, with the Nifty consolidating near the 24,000 mark and closing near its day's high. Several companies, including Prime Focus, GIC RE, Wipro, Groww, and Nykaa, were in focus due to significant news developments. These ranged from regulatory approvals and successful acquisitions to strategic AI collaborations and expansion into international markets. ...Less

New-age, loss-making startups are prioritising large fresh issue components in their IPOs to fund growth, ...More

New-age, loss-making startups are prioritising large fresh issue components in their IPOs to fund growth, a shift from the 2021-22 cycle. Investors now prefer capital infusion for scaling and profitability over large shareholder exits. Companies like Zepto, Ola Electric, and PhysicsWallah exemplify this trend, signalling a market demand for businesses reinvesting in their future rather than facilitating early exits. ...Less

Happy Tuesday! Kunal Shah has taken over as WhatsApp's chief, while Meta backs Cred in a major funding de ...More

Happy Tuesday! Kunal Shah has taken over as WhatsApp's chief, while Meta backs Cred in a major funding deal. This and more in today’s ETtech Morning Dispatch. ...Less

Happy Thursday! Retail participation in corporate bonds is surging as platforms ramp up awareness efforts ...More

Happy Thursday! Retail participation in corporate bonds is surging as platforms ramp up awareness efforts. This and more in today’s ETtech Morning Dispatch. ...Less

Top global investors like SoftBank and KKR have cashed out nearly Rs 18,000 cr from new-age Indian compan ...More

Top global investors like SoftBank and KKR have cashed out nearly Rs 18,000 cr from new-age Indian companies post-listing. This marks a shift, with IPOs now seen as the start of a longer monetisation cycle, allowing for staggered exits and continued upside for early backers. ...Less

Amazon veteran Amit Nanda, currently director of selling partner services, now takes over as CEO. ...More

Amazon veteran Amit Nanda, currently director of selling partner services, now takes over as CEO. ...Less

Retail investors are increasingly participating in corporate bonds, with monthly investments surging to R ...More

Retail investors are increasingly participating in corporate bonds, with monthly investments surging to Rs 1,500-2,000 crore. This growth is driven by increased advertising, investor education, and a wider range of issuers. Fintech platforms are actively expanding their offerings in this segment, recognizing bonds as a significant growth opportunity. ...Less

Turtlemint has set a price band of Rs 144-152 per share for its Rs 883 crore IPO, which opens on June 19. ...More

Turtlemint has set a price band of Rs 144-152 per share for its Rs 883 crore IPO, which opens on June 19. The IPO comprises a fresh issue of Rs 660.72 crore and an offer for sale of Rs 221.94 crore at the upper band. At the upper end, the company will be valued at about Rs 4,513 crore, or $475 million, lower than the $900-950 million valuation, or about Rs 7,000 crore, at which it had raised funding in 2022. ...Less

The company had reported net operating income of Rs 795 crore and a profit after tax of Rs 408 crore in F ...More

The company had reported net operating income of Rs 795 crore and a profit after tax of Rs 408 crore in FY25. The rating agency attributed the increase in operating expenses in FY26 to elevated marketing spend, team expansion, and one-off non-recurring expenses. ...Less

Happy Tuesday! Sarvam has vaulted into the unicorn club after a fresh funding round. This and more in tod ...More

Happy Tuesday! Sarvam has vaulted into the unicorn club after a fresh funding round. This and more in today’s ETtech Morning Dispatch. ...Less

Fresh funding has propelled Sarvam AI into the unicorn club. This and more in today’s ETtech Top 5. ...More

Fresh funding has propelled Sarvam AI into the unicorn club. This and more in today’s ETtech Top 5. ...Less

Billionbrain Garage Ventures, parent of Groww, saw its shares rally 3% after Goldman Sachs acquired over ...More

Billionbrain Garage Ventures, parent of Groww, saw its shares rally 3% after Goldman Sachs acquired over 1.13 crore shares for Rs 210.43 crore. The company reported a strong Q4 with net profit up 122% year-on-year to Rs 686 crore, driven by equity derivatives and lending businesses. ...Less

Gen Z-focused investment platform Trackk is now venturing into broking, offering equity and F&O trading. ...More

Gen Z-focused investment platform Trackk is now venturing into broking, offering equity and F&O trading. Shifting from its previous sub-broker role, the platform aims to build its own financial infrastructure to better serve its young user base. Trackk targets 500,000 accounts in the next year, focusing on first-time investors. ...Less

Audio entertainment startup Pocket FM is reportedly in discussions to shift its holding structure back to ...More

Audio entertainment startup Pocket FM is reportedly in discussions to shift its holding structure back to India, signalling potential plans for a domestic public listing. This move follows rival Kuku Technologies' formal steps towards an IPO, intensifying focus on India's growing audio and mobile-first storytelling market. ...Less

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Fintech firm Razorpay is preparing for its stock market debut. The company has confidentially filed for a ...More

Fintech firm Razorpay is preparing for its stock market debut. The company has confidentially filed for an initial public offering. Razorpay aims to raise between $600 million and $700 million. Its valuation is expected to be between $5 billion and $6 billion. This move signals a significant step for the digital payments giant. ...Less

Anupam Tiwari of Groww Mutual Fund warns of a potential oil shock. He believes a multicap strategy combin ...More

Anupam Tiwari of Groww Mutual Fund warns of a potential oil shock. He believes a multicap strategy combined with bottom-up investing is suitable for current market conditions. Valuations in mid and small caps have improved, making active stock picking more viable. Tiwari highlights opportunities in financials, industrials, autos, and specialty chemicals. ...Less

Multicap funds are required to allocate at least 25% each to large, mid and smallcap stocks, but some sch ...More

Multicap funds are required to allocate at least 25% each to large, mid and smallcap stocks, but some schemes have significantly higher exposure to the riskier mid and smallcap segments. Nippon India Nifty 500 Equal Weight Index Fund topped the list in April 2026, followed by Samco, Groww, DSP and Bajaj Finserv Multi Cap Fund. ...Less

Major brokers are set to launch algorithmic trading tools for retail investors in the coming months, foll ...More

Major brokers are set to launch algorithmic trading tools for retail investors in the coming months, following enhanced regulatory clarity. This move aims to expand broker revenue streams and help fintech firms scale by offering accessible algo strategies, potentially for as low as ₹5,000 per strategy. ...Less

SVF II Lightbulb Cayman, a SoftBank affiliate, sold 5.65 crore shares, or 3.25%, in Lenskart for Rs 2,873 ...More

SVF II Lightbulb Cayman, a SoftBank affiliate, sold 5.65 crore shares, or 3.25%, in Lenskart for Rs 2,873 crore through a block deal on Wednesday. The shares were sold at Rs 508.55 apiece, with Goldman Sachs, Fidelity, Quant Mutual Fund, WhiteOak Capital, and other institutional investors among the buyers. SoftBank’s stake has now fallen to 9.88%. ...Less

Groww Mutual Fund has launched the Groww Nifty Smallcap 250 Momentum Quality 100 ETF, offering passive ex ...More

Groww Mutual Fund has launched the Groww Nifty Smallcap 250 Momentum Quality 100 ETF, offering passive exposure to small-cap companies selected on momentum and quality factors. The ETF aims to provide diversified participation in India’s small-cap segment through a rules-based investment strategy focused on stronger price trends and relatively sound fundamentals. ...Less

Nexedge Capital, a wealth management firm for ultra-high-net-worth individuals, is nearing a $25 million ...More

Nexedge Capital, a wealth management firm for ultra-high-net-worth individuals, is nearing a $25 million funding round. South Korean firm Mirae Asset Venture Investment is expected to lead the investment. This marks Nexedge's first institutional funding. The startup manages significant assets and serves numerous families. It competes with other emerging wealth management platforms in India. ...Less

Groww's promoter group has sold a stake worth approximately Rs 250-260 crore. This follows significant sa ...More

Groww's promoter group has sold a stake worth approximately Rs 250-260 crore. This follows significant sales by early investors like Peak XV Partners and Y Combinator. The wealthtech startup, cofounded by Lalit Keshre and others, has seen its share price rise substantially since its IPO. ...Less

Groww's early investors have sold shares after their IPO lock-in period ended. This move has generated ma ...More

Groww's early investors have sold shares after their IPO lock-in period ended. This move has generated massive returns for firms like Peak XV, Ribbit Capital, and Y Combinator. The block deal involved millions of shares. Groww's stock has seen significant growth since its listing. ...Less

Market volatility prompts a look at multicap and flexicap mutual funds. Experts weigh in on their suitabi ...More

Market volatility prompts a look at multicap and flexicap mutual funds. Experts weigh in on their suitability for uncertain times. Multicap funds offer disciplined allocation across market caps. Flexicap funds provide managers flexibility to adjust holdings. A balanced portfolio strategy across different equity categories is advised for investors to navigate market swings effectively. ...Less

Leading investors like Peak XV Partners and Sequoia are set to sell a portion of their stakes in digital ...More

Leading investors like Peak XV Partners and Sequoia are set to sell a portion of their stakes in digital brokerage Groww through a ₹4,750-crore block deal. This stake sale, involving nearly 4.3% of the company's equity, follows the expiry of Groww's six-month post-IPO shareholder lock-in period. ...Less

Billionbrains Garage Ventures shares rebounded on Wednesday, recovering Tuesday’s losses triggered by a R ...More

Billionbrains Garage Ventures shares rebounded on Wednesday, recovering Tuesday’s losses triggered by a Rs 5,326 crore stake sale by Peak XV Partners, Ribbit Capital, and YC Holdings. The investors sold over 29.5 crore shares via bulk deals at an average price of Rs 180.43 apiece, a 1.5% discount to the previous closing price. ...Less

Existing investors in Groww, including Sequoia Capital and Ribbit Capital, plan to sell shares worth Rs 4 ...More

Existing investors in Groww, including Sequoia Capital and Ribbit Capital, plan to sell shares worth Rs 4,750 crore through block deals at a discount. The proposed transaction triggered a sharp decline in the stock price amid concerns over large institutional stake sales. ...Less

Happy Wednesday! Groww delivered strong gains to early investors after the IPO lock-in expired. This and ...More

Happy Wednesday! Groww delivered strong gains to early investors after the IPO lock-in expired. This and more in today’s ETtech Morning Dispatch. ...Less

Market expert Gurmeet Chadha advises investors to be selective in the IT sector, despite attractive valua ...More

Market expert Gurmeet Chadha advises investors to be selective in the IT sector, despite attractive valuations, focusing on stock-specific opportunities. He highlights stronger growth visibility in energy, defence, healthcare, and capital market plays, while suggesting midcap IT firms are better positioned for AI monetization. ...Less