Groww’s parent, Billionbrains Garage Ventures, rebounded after a sharp fall, supported by strong profitability, high margins and rapid scalability. Despite steep valuations and potential regulatory risks, demand remains firm due to digital dominance and efficient operations. Investor enthusiasm follows heavy FOMO-driven post-listing gains and strong institutional interest during the IPO.
Sebi clears PRIM route for PMS players to invest in mutual funds, SIFs; Rs 25 lakh minimum ticket
Sebi’s board approved PRIM, allowing portfolio managers to invest client money in direct mutual fund plans, ETFs, index funds and SIFs. The new route carries