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Business · Updated 8 Oct, 07:28 am IST

Groww says newer businesses will reshape its revenue mix as they scale

Image: ET Tech

Why it matters for readers: It matters because popular trading apps are expanding into wealth and AI services that change how people invest.

  • Groww expects newer businesses to reshape its revenue mix as they scale, according to CEO Lalit Keshre.1
  • Equity derivatives and stock trading contributed 68.4% of total income in the June quarter, down from 75.7% a year earlier.1
  • Groww is expanding offerings including wealth advisory, AI-powered mutual fund advisory, bonds and US stock investing.1
  • The Rs 961-crore Fisdom acquisition added expertise for affluent customers, the company said.1
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