Lalit Keshre-led stockbroking big Groww, which just lately made a strong debut on the Indian stock market, captured about 47% of all new systematic funding plan (SIP) registrations in October 2025, Moneycontrol reported, citing CAMS knowledge.

CAMS is the nation’s largest mutual fund registrar and manages about 80% of all SIP registrations for main asset managers. 

The corporate added greater than 2 million new SIPs through the month, far forward of its rivals. Angel One, registered 570,000 new SIP accounts. PhonePe added 240,000, NJ IndiaInvest added 210,000 and Paytm added 160,000. As compared, the Kamath brothers-led Zerodha added about 26,000 new SIPs.

Robust Progress in SIP Inflows

Groww’s SIP additions in October have been 149% larger than the identical month final 12 months. Over the past six months, the corporate has secured about 43% of all new SIP registrations, in accordance with firm filings.

It is price noting that Groww initially started in 2016 as a platform targeted on direct mutual fund and SIP investing. Because the platform expanded, it added choices similar to equities, derivatives, bonds and IPOs.

In its newest shareholder letter, the corporate stated 36% of recent clients joined via SIPs, up from 29% a 12 months earlier. Mutual funds make up 53% of buyer property on the platform. At this time, stockbroking generates almost 80% of Groww’s income, in accordance with September quarter disclosures.

Whereas Groww leads in new registrations, conventional companies maintain a bigger share of property. State Financial institution of India has the best SIP property below administration at Rs 2.7 lakh crore, adopted by NJ IndiaInvest with Rs 2.6 lakh crore. Groww manages Rs 1.26 lakh crore, whereas Zerodha controls Rs 1.29 lakh crore in SIP property.

Monetary efficiency

Final month, the Bengaluru-based firm debuted at Rs 114 per share on the BSE, reflecting a 14% premium over the problem worth of Rs 100. On the NSE, the inventory opened at Rs 112, up 12% from the IPO worth.

In FY25, Groww reported a internet revenue of Rs 1,824 crore, a turnaround from a lack of Rs 805 crore in FY24, as income rose 49% year-over-year to Rs 3,902 crore.

Within the second quarter of FY26, the company’s revenue from operations fell 9.5% year-over-year to Rs 1,018.7 crore, in contrast with Rs 1,125.4 crore a 12 months earlier. It reported improved earnings, with internet revenue rising 12.2% year-over-year to Rs 471.3 crore from Rs 420.2 crore.