Groww adds 4.7 million new SIPs as young investors drive growth

Groww added over 4.7 million new SIPs in July-September, accounting for 50% of the total industry SIPs in that timeframe. Younger investors and women contributed significantly to this growth. SIPs made up 86% of mutual fund investment volume on Groww’s platform, with an average SIP value per customer exceeding INR 6,000.