Asset management firm State Street backs Groww AMC with $65 Mn investment

US-based asset management firm State Street Investment Management has invested Rs 580 crore, or approximately $65 million, in Groww Asset Management Limited, a wholly owned subsidiary of Groww, as per Groww’s exchange filing.

Groww AMC is an investment manager of Groww Mutual Fund which manages various funds of Groww Mutual Fund.

According to the filing, the proposed transaction includes around Rs 381 crore through secondary share purchases, while approximately Rs 199 crore will be infused as fresh capital, potentially diluting Groww AMC’s share capital by up to 23%, while the voting rights will be restricted to 4.9 percent.  The transaction to be completed within six months.

The acquisition is aimed at meeting working capital requirements and supporting further growth opportunities, the filing said.

In December 2025, Groww strengthened its lead in the stock broking space by adding 39,500 active demat accounts during the month, taking its total client base to around 1.21 crore (12.13 million) and capturing a 27.06% market share.

Groww also announced its Q3 FY26 results today. The company reported a 25% year-on-year increase in revenue to Rs 1,216 crore during the third quarter, while its profit declined 28% over the same period to Rs 547 crore.

At the end of today’s trading session. Groww’ share closed  at Rs 163.7, giving the company a total market capitalization of Rs 1,01,061.8 crore ($11.35 billion).