https://v2.webnotes.in/tags/direct-plan-distribution/Recent content in Direct Plan Distribution on WebNotesHugoen-INSat, 16 May 2026 00:00:00 +0000https://v2.webnotes.in/groww/Sat, 16 May 2026 00:00:00 +0000https://v2.webnotes.in/groww/<p><strong>Groww</strong> is an Indian retail financial-services platform that operates as both the country&rsquo;s largest direct-plan <a href="https://v2.webnotes.in/mutual-fund/">mutual fund</a> distributor by registered user base and the largest <a href="https://v2.webnotes.in/zerodha/">discount broker</a> by National Stock Exchange (NSE) active client count. Incorporated as Groww Securities Private Limited for the stockbroking business and Groww Invest Tech Private Limited for the mutual fund distribution business, the company is headquartered in Bengaluru, Karnataka, and is a wholly-owned subsidiary of Billionbrains Garage Ventures Private Limited. Groww was founded in April 2016 by Lalit Keshre, Harsh Jain, Neeraj Singh, and Ishan Bansal, four former Flipkart employees, and initially operated exclusively as a direct-plan mutual fund distribution platform before obtaining a Securities and Exchange Board of India (<a href="https://v2.webnotes.in/sebi-investment-management-department/">SEBI</a> ) stockbroking licence in 2020.</p>