Fwd: Groww’s Curious U-Turn on Fixed Deposits
Metadata
- Author: Ayush Poddar
- Full Title: Fwd: Groww’s Curious U-Turn on Fixed Deposits
- Category:articles
Highlights
- May 2022 SEBI communication where the stock market regulator answered a question posed to it by an investment adviser. And Groww is also effectively one .
Stripped down to the basics, the question was simply this: could they, as a registered investment adviser (RIA), also offer fixed deposits to their users?
SEBI’s answer was no:
(View Highlight)