Last Updated on September 7, 2026 by samruddhi kadam Key Takeaways Multi-Asset Investment Platform should…
One app, many services
Rides, food, delivery and payments in a single super app, with one wallet and one operations console.
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Driver and rider apps, dispatch, fare rules and payouts, tuned for city-scale operations.
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Neobanking, brokerage, investment and cross-border remittance, built for compliance.
All 8 in Finance Investment →Exchanges, tokens and NFTs
Spot and P2P trading, launchpads and NFT marketplaces with custody and KYC.
All 14 in Blockchain →159 launch-ready platforms across 10 categories, each shipping in 6 days with full source code.
Twenty-five sectors, each with its own page naming what we have already shipped into it and what we would build from zero.
A launch-ready retail investing platform where one identity, one KYC record, one wallet and one portfolio span fifteen asset classes. Indian equities, US equities, mutual funds, ETFs, index funds, IPOs, derivatives, commodities, currency, bonds, fixed deposits, digital gold, SGBs, REITs and P2P all resolve into the same holdings view rather than into separate products a user has to reconcile themselves.
Three surfaces on one PostgreSQL core. A Next.js web application, a 119 screen React Native app and a ten page operator console read the same 82 entity schema through 55 backend modules, so a capability shipped once appears everywhere it belongs.
Go Live in 6 Days with EquitiesMutual FundsUS StocksSIP & GoalsF&OWhite-Label
⚡ Platform at a Glance
Revenue Streams
brokerage, subscriptions, AUM, fees, float, licensing
Asset Classes
equities, funds, US stocks, F&O, bonds, gold and REITs
Revenue Share
you own the source outright, with no per-seat fee
Auditable
every operator action logged before and after
SIP, STP and SWP, goals and tax tools ship on day one, so the recurring book forms before brokerage turns cyclical.
One order model reaches every asset class, so widening the catalog is configuration rather than a parallel build.
🚀 Ready to launch your own multi-asset investing platform?
Live in Action
Open the platform yourself. Six working logins are seeded and every one of them is live: a long-term investor, a professional trader, a small trader, a beginner, a general demo user and an operator. The demo worth running is the breadth one. Search an instrument, add it to a watchlist, place an order, then open the portfolio and watch the same position appear in the allocation view. Extra logins beyond the panels below: small@mxstocko.com | Small@123, beginner@mxstocko.com | Beginner@123, and demo@mxstocko.com | Demo@123.
INVESTOR EXPERIENCE
The long-term surface. Mutual fund discovery by category, NAV and AMC detail, SIP creation with step-up and top-up, goal tracking, dividend history and a portfolio view carrying CAGR, XIRR, risk score and sector allocation.
ACTIVE TRADER
The execution surface. Four order types crossed with five product types and four validity modes across five exchanges, plus the options chain, intraday tools, the margin facility, the screener and technical indicators, with the full charge breakdown shown before confirmation.
OPERATOR CONSOLE
Operator governance across ten pages. User management with status changes, the KYC review desk, order inspection and override, the support ticket queue, platform analytics, the audit log viewer, feature flags, security policies and the demo to production mode switch.
ANDROID APP
A branded Android build of the React Native application, covering 119 screens across investing, trading, holdings, wallet, KYC, alerts, research and all thirteen calculators, with biometric unlock, Firebase messaging and home-screen widgets, running against the same API as the web app.
Watch It Work
A walkthrough of the platform as an operator sees it rather than a feature reel. It opens on registration and a KYC submission with documents attached, then follows the same record into the operator console where it is reviewed and approved, and the audit row is written. A wallet is funded, an order is placed with the charge breakdown visible before confirmation, and the resulting position appears in holdings and in the allocation chart. A SIP is created with a step-up, a goal is linked to it, and the tax P&L view is opened at the other end. If a specific flow matters more than the tour, ask and we will open it live with data in it.
Every Screen Mapped
The interface across the surfaces that matter: the dashboard with its allocation and performance charts, instrument search spanning equities and funds and US symbols, the stock and fund detail pages, the order ticket with its charge breakdown, holdings and the portfolio analytics view, the SIP and goal flows, the KYC wizard with document upload, the wallet, the alerts list, and the operator console with its user, KYC, order, ticket and audit queues.






































Follow an investor from signup through KYC approval to a funded wallet, a first order and a portfolio that reflects it. Follow a trader from the screener into the options chain and out through an order. Follow an operator from a submitted KYC record to an approval that writes an audit row the compliance officer can read back. Web carries the full experience, the React Native app covers 119 screens of it, and the F&O terminal and the admin console are web-first by design. Want a guided walkthrough of a specific flow? Book a call and we will open the surface you care about with live data in it.
Client Voices
Feedback from operators who launched investment and trading platforms with Miracuves. Client identities withheld at their request.
How It Is Configured
A modelled reference deployment showing how the shipped platform is configured for an operator launching equities and mutual funds first, then widening. It is an illustrative scenario rather than a client engagement, and every figure in it is a property of the platform rather than a reported outcome.
India
Multi-Asset Retail Investing Launch
How the shipped platform is configured for an operator launching equities and mutual funds first, then switching on US equities, alternatives and the systematic plan stack as licensing allows.
This is a modelled reference deployment, not a client engagement. It shows how the shipped platform would be configured for this market, using platform properties rather than reported outcomes.
The Basics
A Groww Clone is a ready-made retail investing platform that treats breadth as the product. One user record carries one KYC submission, one set of wallets and one portfolio, and that portfolio holds Indian equities, US equities, mutual funds, ETFs, index funds, IPO allotments, derivatives, commodities, currency, bonds, fixed deposits, digital gold, SGBs, REITs and P2P positions without the user ever leaving the app to reach any of them.
This is platform software. Broker registration, exchange membership and KYC/AML licensing remain the operator's responsibility. What ships is the control fabric those licences are examined against: the KYC lifecycle, the audit log, RBAC and retention guidance.
You receive the source, the 82 entity schema, the migration runner and the seeders. No per-seat fee, no vendor roadmap dependency, and a standard PostgreSQL underneath that any team can hire for.
Live broker execution is an integration per venue, production payment keys are yours to supply, price alerts fire on above and below only, and the 2FA enable endpoint is not implemented. All stated here rather than discovered later.
Built for Web, Mobile & API
A Groww Clone Script is the source code behind that: a Next.js 16 web application with 167 backend-for-frontend route handlers, a NestJS 11 core API across 55 modules, an 82 entity PostgreSQL schema under TypeORM, a React Native application of 119 screens, and a deployment kit carrying Docker, nginx, PM2, four CI pipelines and four Grafana dashboards. You own it outright and deploy it under your own brand.
In simple words, it is the shortcut to launching an investing product that does not fragment as it grows. The polymorphic instrument pattern is what makes that possible: orders, holdings and watchlists each carry nullable per-asset foreign keys plus a type discriminator, so adding an asset class is a new entity and a seeder rather than a new stack. Underneath sit 15 database seeders, 11 queue producers, 5 scheduled jobs and an audit fabric that records the before and after of every operator action.
Everything Included
Every capability below is built and demonstrable. Where a feature needs a third-party account or a licence, or ships as a schema capability rather than an evaluated one, that is stated against the feature rather than implied away.
A single orders table carries nullable keys for stock, US stock, mutual fund, ETF, index fund, future, option, commodity, currency, bond, gold and REIT, plus a type discriminator. Adding an asset class does not fork the execution path.
Brokerage, STT, GST, transaction charges, total and net amount are calculated on the server and shown before confirmation. Client-supplied charge values are never trusted, which closes the most common revenue leak in retail trading.
CAGR, XIRR, risk score, day change, invested against current value, and allocation stored as structured JSON for both asset class and sector. This is the hardest part of an investing product to get right and it is already correct here.
SIP, STP and SWP each have their own model rather than being variants of one. Step-up percentage, top-up amount, auto-invest on dividend, and a scheduled and active through paused to completed lifecycle.
US equities carry their own catalog and a dedicated portfolio type, so Indian and US positions aggregate into one allocation view. Live US execution is a broker integration; everything up to the order is built.
Typed submissions across individual, corporate and NRI, six document kinds, checksums on every upload, PEP and risk fields, expiry handling, and a dedicated KYC audit entity recording previous and new status per decision.
Wallet balance changes only inside the payment verification path. Gateway callbacks cannot mint balance, the payment identifier is unique for idempotency, and the raw gateway response is stored for reconciliation.
Basic through enterprise across four billing cycles, with per-plan features and limits held as JSON. Repositioning a tier or gating a module is a configuration change rather than a release.
Operator actions write an audit row carrying actor, action, resource and the before and after state. The KYC domain keeps its own audit entity on top of that, which is what a compliance review actually asks to see.
A platform mode subsystem with mode history, production readiness checks and a demo data reset, plus an isDemo flag on records. One deployment serves sales demos and production without a forked branch.
SIP, SIP top-up, STP, SWP, lumpsum, goal SIP, EMI, FD, inflation, margin, NPS, PPF and brokerage, present on web and on mobile. These are the top-of-funnel acquisition asset most investing platforms build late.
Not a wrapper. Calculators, alternatives, ESG and comparison research, market intelligence, biometric unlock, MMKV storage, offline detection and home-screen widgets for portfolio, watchlist and indices.
Note for buyers: The platform ships complete as software. Live broker execution is an integration per venue, and production payment keys, market-data vendor licensing, SMTP, Firebase push and the queue workers all need your own accounts or configuration. Two things deserve emphasis because the words usually carry more than they should. Price alerts evaluate above and below conditions only; the richer condition set in the schema, covering volume spikes, RSI, moving-average crossovers and news keywords, is scoped work rather than a shipped evaluator. And the 2FA enable endpoint is not implemented, though the TOTP libraries are present. Broker registration and KYC/AML licensing remain yours.
How Operators Earn
A broad platform earns from more places than a trading app does, and that is the commercial argument for breadth rather than depth. Brokerage is transactional and cyclical. Subscriptions are recurring. Systematic plans compound into an AUM book that does not churn with the market.
The order engine records brokerage, STT, GST and transaction charges with a net amount, computed server-side. Transaction revenue is present from the first order rather than retrofitted into the schema later.
Basic, silver, gold, platinum and enterprise across monthly, quarterly, yearly and lifetime cycles, with trials, auto-renew and cancellation reasons captured for churn analysis. Recurring revenue exists at launch.
Features and limits are JSON per plan, so US market access, F&O, tax harvesting or API access can be moved between tiers without a release. Pricing experiments stop being engineering work.
SIP, STP and SWP produce a recurring book. This is the annuity that separates a wealth platform from a trading app, and it is the reason breadth pays back over a longer horizon than execution depth does.
Payments carry fee and tax fields with adapters for Razorpay and Stripe. Float sits in four wallet types with blocked and available balances tracked separately. Live keys are yours to supply.
Theme tokens, app naming, feature flags, plan JSON and metadata columns mean the same deployment can be licensed to another operator under their own identity without forking the codebase.
The asymmetry worth understanding is that the wealth layer costs nothing extra to run once it is shipped. A SIP created in month one keeps settling for years without further acquisition spend, which is why the highest-LTV segment in Indian retail investing is the one most platforms reach last.
Run It Without a Dev Team
The operator console exists so that operations does not queue behind engineering. KYC approvals, order investigations, feature toggles and support tickets are all screens rather than database queries, and every mutation leaves an audit row behind it.
Platform statistics and an activity feed, which is the screen most operators open first each morning to see what moved overnight before anything else gets attention.
Search and open a user, read their profile and KYC state, and change status across active, inactive, suspended and deleted. Suspension is enforced at the service layer, so a valid token does not survive it.
The revenue gate. Typed submissions with their documents, PEP and risk fields visible, approve or reject with a reason, and a dedicated KYC audit entity recording previous and new status per decision.
Inspect any order across its seven state lifecycle with the rejection reason preserved, and override status where operations genuinely needs to. Every override writes an audit entry with the before and after.
Actor, actor type, action, resource and the before and after JSON for every operator mutation. This is the artifact a compliance review asks for first, and it is a screen rather than an export script.
Runtime toggles per module, giving a single view of what is enabled for whom. Combined with the per-plan JSON, packaging changes stop requiring a deployment.
User tickets with status, priority and assignment, inside the same console as the user record, so a support agent has context without a second system to log into.
Demo and production modes with mode history, production readiness checks and a demo data reset. This is what lets one deployment serve enterprise sales demos and live customers without a forked branch.
Security policy endpoints surfaced as an admin page, alongside system health. Certification and penetration testing remain operator pursuits; the controls they examine are here.
Platform metrics for operators alongside the investor-facing portfolio analytics, computed in services rather than in controllers so the heavy aggregates can move behind a queue or a replica later.
Need deeper governance? Admin authentication is separate from the retail JWT, so a compromised customer credential grants no operator access, and every operator mutation is audit logged with before and after values. Role definitions live in the RBAC tables and are operator-configurable. What is scoped rather than shipped: enforced multi-factor authentication for admin roles, SIEM integration and hard row-level multi-tenancy. Tell us which of those your review process asks for.
Transparent Pricing
The platform itself is a fixed $7,299. Beyond that, the variable is how much of the surface you switch on for day one. Running live broker execution means a venue connector per broker. Market data carries vendor licensing that is yours rather than ours. Payment gateways need merchant accounts. Enabling the queue workers and Firebase push so systematic plans settle and notifications deliver on launch day is real configuration effort. Store publishing is quoted separately again.
Not sure which option
is right for you?
Talk to us - we'll understand your goals, timeline, and budget, and point you to exactly what you need. No upselling, just honest advice.
The Full Package
Ownership transfers in full. That matters more here than on a narrower product, because breadth is exactly the thing operators extend: a new asset class, a new venue connector, a new plan tier.
Web application, core API, mobile app and operator console, all yours to change, rebrand and redeploy with no licence conditions attached and nothing counted per seat.
The full PostgreSQL model on TypeORM with polymorphic instrument keys, jsonb extension columns, indexed hot paths, a migration runner and 15 seeders for catalogs and demo data.
Four order types, five product types, four validity modes, five exchanges, a seven state lifecycle with partial fills, and server-side charge computation across brokerage, STT and GST.
SIP, STP and SWP with step-up and top-up, goals with progress tracking, tax P&L with harvesting suggestions, dividends, corporate actions and thirteen calculators.
Seven state lifecycle across three account types, six document kinds with SHA-256 checksums, PEP and risk fields, an operator review desk and a dedicated KYC audit entity.
119 screens plus 15 Expo Router routes, biometric unlock, MMKV storage, Firebase analytics and messaging, offline detection, home-screen widgets and EAS build profiles.
Ten pages covering users, KYC, orders, tickets, analytics, audit, feature flags, security and system health, with separate admin authentication and demo to production mode switching.
Docker Compose, nginx, PM2, four CI/CD workflows, Prometheus and four Grafana dashboards, deploy and rollback scripts, plus the eleven document evaluation suite.
Want to see it running first? Use any of the six demo logins above, or book a walkthrough and we will register an account, push it through the KYC desk, fund a wallet, place an order with the charges visible, and open the portfolio it lands in, against the asset classes you are actually planning to launch with.
Four deeper guides covering features, cost, choosing a builder, and how a multi-asset investing platform earns once the wealth layer is running.
What each surface actually does, from the polymorphic order model and the seven state KYC lifecycle through systematic plans and portfolio analytics, on 82 entities and 55 backend modules.
See the full breakdown →The fixed $7,299 set against freelancer, agency and custom quotes, with the real variables being broker integration, market-data licensing and how many asset classes go live on day one.
See exact pricing →Agency, freelancer and Miracuves compared on what an investing platform has to get right: portfolio mathematics that reconcile, a KYC desk that survives review, and breadth that does not fork into parallel stacks.
Compare options →Six revenue lines on one platform: brokerage on executed orders, subscription tiers, systematic plan AUM as the annuity, float on idle balances, the alternatives and IPO surface, and multi-brand licensing.
See the playbook →Know Your Buyer
The platform suits operators whose product thesis is breadth rather than execution speed. If your differentiator is routing latency or an algo engine, our Zerodha Clone is the better starting point and we would rather say so than sell you the wrong one.
Where this one earns its place is when the roadmap already contains a second and a third asset class, or a wealth layer, or a compliance review. Those are the three things that are expensive to retrofit and cheap to have from the start, because all of them are decisions the schema either made or did not.
Where It Fits
Launch equities and mutual funds first, with alternatives, derivatives and the US catalog switched off behind feature flags until licensing allows them. The schema already carries every one, so widening later is configuration rather than a migration.
Staged Asset Rollout
Lead with the wealth layer instead. SIP, STP and SWP with step-up and top-up, goals linked to the plans funding them, tax P&L with harvesting suggestions at year end, and dividend and corporate-action tracking underneath.
Wealth-Led Platforms
Sell cross-market access. US equities carry their own catalog, quotes, charts and portfolio type, so an investor holds Indian and US positions in one allocation view. Execution is a venue integration; everything up to it is built.
Cross-Market Access
Pass a compliance review. Typed KYC across individual, corporate and NRI, checksummed documents, an operator review desk, an audit row on every mutation, RBAC with separate admin authentication, and retention guidance per data class.
Compliance-First Deployments
Monetize with tiers rather than with brokerage alone. Five plans across four billing cycles with trials and auto-renew, gated by features and limits JSON so packaging changes are configuration and not releases.
Subscription Monetization
Run several brands from one codebase. Theme tokens, app naming, feature flags, plan JSON and metadata jsonb columns absorb tenant-specific fields, with demo and production modes keeping sales environments away from live data.
Multi-Brand Operators
Every one of these is the same deployment with different switches thrown. That is the point of feature flags and per-plan JSON: the configurations above are settings rather than forks, so an operator can move between them without a migration or a second codebase to maintain.
Multi-asset investing is no longer a differentiator, it is the baseline a retail platform is judged against. What still separates operators is how much of a customer they can hold in one place, and how quickly they can widen when a licence or a market opens up.
Market Timing
Indian retail investing has widened faster than the software behind most new entrants. Demat accounts, SIP books and derivatives participation have all expanded, but the typical new platform still ships equities first and quotes everything else as a later phase, which is precisely when the highest-value users go elsewhere.
Every asset class a customer holds elsewhere is an invitation to move. Breadth is the retention mechanic in retail investing, and it is a property of the catalog rather than of the interface.
Brokerage is cyclical and follows the market. A systematic plan book settles on its own schedule for years, which is why it is the segment worth reaching first rather than last.
Identity proofing, audit trails and retention are asked about before features are. They are also the most expensive things to retrofit into a schema that was not designed to carry them.
US equities stopped being a premium add-on. A platform without them cedes its most engaged segment, and adding a second market later usually means a second stack nobody wants to reconcile.
Five tiers gated by JSON mean pricing is an experiment rather than a deployment. Most platforms discover they need this only after the first pricing change costs them a sprint.
A from-scratch equivalent is 18 to 24 months across the order engine, KYC, portfolio mathematics, the mutual fund stack, admin and mobile. A white-label deployment is live on your server in under six days.
The second pressure is regulatory. Identity proofing, audit trails and record retention are the questions that get asked first now, not last, and they are expensive to retrofit into a schema that was not designed for them.
Under the Hood
One language end to end. TypeScript across the web application, the core API and the mobile app, on conventional frameworks that any team can hire for, with PostgreSQL underneath and no proprietary format to unwind.
Next.js 16 · React 19 · Tailwind · Radix
NestJS 11 core · Next.js BFF · Passport JWT
PostgreSQL · TypeORM 0.3
React Native 0.73 · Expo Router
Socket.io · Bull · Redis
Docker · nginx · PM2 · Grafana
Why this stack: Every integration sits behind a service interface rather than inside the domain modules, so payments, market data and push are adapters. Razorpay and Stripe gateways, NSE and Yahoo Finance data providers and an FCM push provider all ship against those interfaces, which is what makes adding a broker venue or a new data vendor an adapter implementation instead of a rewrite. Nothing here is proprietary and nothing is hard to hire for.
End to End
The path below is the one the platform is built around, and every step of it is enforced in the service layer rather than in the client, which is what makes the sequence auditable after the fact.
A new investor signs up and verifies their identity contact before anything financial is possible. Registration is DTO-validated and the password is stored as a bcrypt hash the API will not return.
The revenue gate. Documents are uploaded with checksums, the record enters the review queue, and an operator approves or rejects it with a reason that is preserved.
Money moves only after server-side verification. A gateway callback on its own never credits a balance, which is the single most important control on the money path.
Eligibility is checked at order time rather than cached in the client: active user, approved KYC, funded wallet and plan limits. Charges are computed on the server and shown before confirmation.
The position lands in holdings and the portfolio aggregates recompute. This is the screen investors open most often, and the mathematics behind it is the part most platforms get wrong.
The step that turns a customer into an AUM book. A SIP settles on its schedule through the queue path, funded from the wallet, and can be linked to a goal that tracks its own progress.
Visual Flow Diagram
Register & Verify → KYC Approved → Wallet Funded → First Order → Portfolio Forms → SIP Compounds
How It's Built
Nullable per-asset foreign keys plus an instrumentType discriminator let one orders table, one holdings table and one watchlists table serve twelve instrument entities. This single decision is why the platform is broad without being twelve stacks.
Cross-domain invariants like wallet balance against order settlement, and KYC status against trading eligibility, stay inside one transaction boundary. The hot modules, market data and websocket, are structured for later extraction.
The NestJS core at /api/v1 is canonical for mobile and integrators. The Next.js BFF at /api aggregates for browsers, holds the admin cookie session away from the retail JWT, and carries the demo-mode shortcuts.
Wallet balance changes in exactly one place: the payment verification path. A replayed or forged gateway callback cannot mint money, and the unique payment identifier makes retries idempotent.
Order, KYC, payment, subscription and wallet lifecycles are enforced in services rather than in triggers or in the client, and every operator-initiated transition writes an audit row carrying the before and after.
jsonb metadata columns sit on most entities, and subscription features and limits are JSON. Tenant fields and packaging changes land as data rather than as schema churn.
Performance Targets
The workload is read-heavy and bursty. Quotes, dashboards and watchlists dominate traffic, and the bursts land on market open and close, which is what the topology is shaped around.
Retail investing traffic runs roughly nine reads to every write, and almost all of it is the same handful of queries scoped by user and status.
What the schema indexes:
Market open and close produce read spikes on quotes and portfolios rather than write spikes, so the mitigation is caching and fan-out rather than more database capacity.
What absorbs the burst:
Systematic plan settlement windows and news ingestion are the write bursts, and both run through Bull producers so they never contend with interactive traffic.
What the queue path carries:
The tables that grow without bound are the ones a regulator will later ask you to produce, which makes retention a design decision rather than a cleanup task.
What the retention model separates:
No server-side session state on the core API, so capacity is added by putting more instances behind a load balancer rather than by rearchitecting anything.
Orders by user and status, orders by symbol and status, orders by creation date, and KYC by user, status and PAN number. The queue and reporting scans stay flat as volume climbs.
Eleven producer services push settlement, news ingestion, indicators and research onto Bull queues, so scheduled write bursts never contend with interactive traffic.
A Socket.io gateway pushes market ticks, order updates and notifications, which removes the polling load that otherwise lands hardest exactly at market open.
Every monetary column is a fixed-scale decimal. It is a small decision that prevents the class of rounding defect that is almost impossible to unwind once it has been in production.
Redis caching, a WebSocket Redis adapter, read replicas, pgBouncer and CDN fronting are each documented as scoped additions rather than quietly implied as present.
A modular monolith is the right shape at launch because the invariants that matter, wallet balance against settlement and KYC status against eligibility, stay inside one transaction boundary.
The hot modules are structured for extraction when metrics justify it. Market data and the websocket gateway are the two that would go first, and neither move requires the API contract to change.
Scaling path: Vertical first through the connection pool and the indexes, which are already configured. Then Redis for hot reads, then stateless API instances behind a load balancer, then a Redis adapter for multi-node WebSocket fan-out, then read replicas for analytics. Extraction of market data and websocket out of the monolith comes when the numbers justify it rather than before.
Built to Be Audited
A dedicated VAPT reference maps this platform against the OWASP Top 10. What is present is listed as present, and what needs configuring before a high-assurance go-live is written down as a labelled requirement rather than quietly omitted.
2FA Is Not Enabled
Secrets Belong in a Vault
Uploads Are Not Virus Scanned
Swagger Must Be Closed
Rate Limits Need Tuning
Tenancy Is Convention, Not Enforcement
Payments run through hosted checkout and tokenization at Razorpay or Stripe, so no card number is written to the database. This is the single strongest control in the stack and it also reduces PCI scope.
Balance changes only inside the server-side verification path. A gateway callback cannot credit money on its own, and the unique payment identifier makes a replayed callback idempotent rather than profitable.
bcrypt hashing with select:false on the column, so the hash is not returned even by a careless query. Access and refresh tokens are signed with separate secrets and the refresh token rotates.
Operator authentication is a separate path with its own session surface, so a compromised retail credential grants no console access, and every operator mutation is audit logged with before and after values.
Every KYC upload carries a SHA-256 checksum and a UUID key, with no personally identifying information in filenames, so tampering is detectable and paths are not guessable.
The validation pipe runs whitelist and forbidNonWhitelisted, so unknown properties are rejected rather than ignored. TypeORM parameterizes every query and rendered content is sanitized on the web surface.
The money path and the identity path carry the strongest controls, which is the right priority for a platform handling both. Where the gaps are, they are operational hardening items rather than architectural absences, and they are named below rather than left for a penetration test to find.
Go Further
The platform is complete and demonstrable as it stands. What follows is what operators actually come back and ask for, either because an outside account or a licence is involved, or because their compliance posture needs controls this does not ship enabled.
The order lifecycle carries brokerRef and exchangeOrderId and the state machine is ready for fills and rejections. Connecting an actual venue, and mapping its statuses onto the seven order states, is an integration per broker.
NSE and Yahoo Finance provider services ship behind a provider interface, so adding a vendor is an adapter. The licensing itself is yours, and it is the item most commonly underestimated on a launch plan.
Price alerts evaluate above and below today. Volume spikes, RSI thresholds, moving-average crossovers, 52-week triggers and news keywords exist in the schema but not in the evaluator, and building that evaluation is scoped work.
TOTP libraries are present and the enable endpoint is not implemented. Completing it, and enforcing it for operator roles specifically, is the authentication item enterprise reviews raise most often.
Uploads land on local storage with checksums today. Moving to S3 with presigned URLs, and adding antivirus scanning to the KYC ingestion path, are the two file-handling integrations regulated buyers ask for.
Tenant separation rests on jsonb metadata conventions. Hardening it into enforced row-level tenancy with a tenant column and scoped queries is a customization, and we would rather scope it than imply it exists.
Prometheus, four Grafana dashboards and health checks ship. Error tracking through Sentry, log shipping into a SIEM and alerting thresholds tuned to your traffic are configuration we complete during deployment.
The control fabric is built and mapped to the OWASP Top 10. SOC 2, ISO 27001 and a third-party VAPT engagement are operator pursuits, and this documentation suite is the scoping artifact they start from.
The Groww Clone is one platform in a complete fintech suite. If your roadmap extends beyond multi-asset investing, these connect naturally.
Multi-broker trading platform with order routing, an algo engine and consolidated P&L.
Forex and CFD platform with leverage, margin management and multi-account structures.
Neobank platform with multi-currency accounts, transfers, card issuing and spend controls.
Credit card management platform with bill payments, tracking and a members-only rewards economy.
The Commercial Case
Retail investing is a scale business with a long payback, and the number that decides whether an operator survives is not acquisition cost on its own. It is how much of a customer’s financial life the platform can hold before a competitor offers the part that is missing.
Every asset class a user holds on your platform is one they are not holding elsewhere. Consolidation is the retention story in retail investing, and it is a function of catalog rather than of interface polish.
Five subscription tiers across four billing cycles with trials and auto-renew, gated by JSON rather than by code, so pricing is something you experiment with rather than something you ship.
Systematic plans compound without further acquisition spend. A SIP created in month one keeps settling for years, which is why this is the highest-value segment and the one most platforms reach last.
The codebase and the schema are yours on standard PostgreSQL, documented across eleven files. There is no proprietary format to unwind and no vendor to renegotiate with at renewal.
Most operators launch with equities and mutual funds, the alternatives and derivatives behind feature flags, and a single payment gateway wired. Revenue starts as brokerage on the first orders, which arrives as soon as KYC approvals clear and wallets are funded. Subscription tiers usually switch on once there is a base worth segmenting, because the gating is JSON rather than code and needs no release. The systematic plan book is the slower and more valuable line, and it compounds from whenever you turn it on. The sequencing constraint is almost never the software, since all of it is in the schema already. It is broker execution, market-data licensing and payment credentials, which is why those three sit at the top of the deployment plan rather than at the end.
Defensibility comes from consolidation rather than from features. A user whose equities, funds, US positions, SIPs and goals all live in one portfolio faces a real switching cost, and that cost grows with every asset class you add rather than with every interface improvement you ship. The platform contribution is making breadth cheap to extend: the polymorphic instrument pattern means a new asset class is a new entity and a seeder rather than a parallel stack, and the per-plan JSON means packaging it is configuration. Owning the deployment also means the KYC record, the wallet ledger and the audit trail are yours, which matters most at exactly the moment the business becomes worth acquiring or worth regulating.
Example Revenue Scenarios
That is the commercial argument for breadth. A user who trades equities on your platform and buys funds somewhere else has already told you which product they will consolidate onto. Owning the software matters because the packaging, the tier gating and the asset classes you switch on are the levers that decide whether consolidation runs toward you or away from you.
Focused Launch
Asset Classes Live
Equities and mutual funds, everything else flagged off.
An operator launching against a single licence, running equities and funds with the alternatives and derivatives hidden behind feature flags, where the wealth layer activates as the SIP book starts to form.
Full Retail Platform
Asset Classes Live
Derivatives, IPOs and alternatives switched on, subscriptions monetizing.
A broker running the majority of the catalog, where subscription tiers gate F&O and tax harvesting, and the systematic plan book has become the predictable half of revenue.
Cross-Market Wealth
Asset Classes Live
US equities and the full alternatives stack, multi-brand under one codebase.
A wealth platform running the whole surface including US equities and the fixed-income and gold stack, with several brands as configurations of one deployment rather than as forks.
Why Miracuves
There are many ways to get an investing platform: generic scripts, freelancers, agencies, or owning the infrastructure.
Fifteen asset classes are modeled in the schema on day one. Elsewhere the second and third are change requests that land months after launch, priced individually, each one a new stack to reconcile.
SIP, STP and SWP are three separate entities with goals and tax tooling around them. On most builds systematic plans arrive after the trading surface, which means the highest-value segment is served last.
CAGR, XIRR, risk score, day change and dual allocation views are built and tested. These are deceptively hard to get right, and they are the screen investors check most often.
Ten admin pages with an audit log, feature flags, a KYC review desk and a mode switch. On a typical young platform the engineering team is the support desk and approvals happen in scripts.
Schema, entity relationships, an API collection, developer and security handbooks and a VAPT posture mapped to the OWASP Top 10. Procurement asks for these long before it asks for a demo, and they already exist.
Broker execution is an integration, alerts evaluate above and below only, 2FA is not enabled and tenancy is convention rather than enforcement. You read that here rather than discovering it during a security review.
| Criteria | Miracuves Groww Clone | Generic Clone Script | Custom Dev Agency |
|---|---|---|---|
| Time to Launch | 6 days (Production) | Unknown / DIY | 6-9+ months |
| Source-Code Ownership | ✔ Full | Often limited / encrypted | Usually yes |
| Feature Depth (Groww-like) | High (multi-asset investing, systematic plans & operator control) | Basic (onboarding & feed only) | Depends on budget |
| Security & Compliance | Strong (ISO mindset, GDPR-ready) | Minimal | Varies widely |
| Scalability & Performance | Cloud & CDN-optimized | Rarely considered | Depends on architecture |
| Monetization Options | Multiple (ads, gifts, subs) | Limited / needs custom work | Custom (more time & cost) |
| Admin & Analytics | Full-fledged dashboard | Very basic or missing | Custom build (extra cost) |
| Cost vs Speed vs Quality | Balanced | Cheap but risky | High cost, slow |
| Ongoing Support & Updates | Available with clear plans | Usually none | Depends on contract |
Most routes to an investing platform hold up until the second asset class. Here is where ours differs.
Industries
The Groww Clone suits any operator whose product thesis is holding more of a customer’s financial life rather than executing a trade marginally faster. Neo-broker founders launch equities and funds together with the wealth layer live from day one. Wealth managers and RIAs lead with goals, portfolios and tax efficiency, treating the trading surface as one module. Banks adding an investing tab need the KYC lifecycle, the wallet ledger and the audit fabric to clear internal compliance first. Cross-market platforms sell US access inside one portfolio rather than as a second app. Education-first businesses use the academy and the thirteen calculators as the acquisition product. Insurance-linked and employee-wealth platforms reuse the goals and portfolio spine. White-label vendors run several brands as configurations of one deployment. Agencies and builders take the source and extend it under their own delivery model.
Miracuves’ Groww Clone is built as a multi-asset retail investing platform adaptable to any catalog of instruments, monetized through brokerage, subscriptions and systematic plan AUM where your business requires it, and white-labelled entirely under your brand.
Changelog
| Version | Date | <span style="color: rgb(6, 6, 8); font-family: Montserrat, sans-serif; font-size: 13px; font-style: normal; font-variant-ligatures: normal; font-variant-caps: normal; font-weight: 700; text-align: left; white-space-collapse: collapse; background-color: rgb(255, 255, 255);">What's New</span> |
|---|---|---|
| v2026.1 | Sep 2026 | Initial release. 15 asset classes in one portfolio, SIP/STP/SWP, goals, tax tooling, KYC desk, operator console and a 119 screen mobile app. |
Blog & Resources
Writing on the business of retail investing platforms: how Groww actually makes money, what a multi-asset catalog costs to run, and what separates a trading app from a wealth platform.
Last Updated on September 7, 2026 by samruddhi kadam Key Takeaways Multi-Asset Investment Platform should…
Last Updated on September 7, 2026 by Yash Narayan Key Takeaways A multi-asset investment platform…
Business Model of Groww : Complete Strategy Breakdown 2026
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Groww Revenue Model: How Groww Makes Money in 2026
Last Updated on May 14, 2026 by Yash Narayan Key Takeaways What You’ll Learn Groww’s…
FAQ
Everything you need to know about the Miracuves Groww Clone.
It is a retail investing platform where breadth is the product rather than a roadmap item. One identity carries one KYC record, one set of wallets and one portfolio, and that portfolio spans Indian equities, US equities, mutual funds, ETFs, index funds, IPOs, derivatives, commodities, currency, bonds, fixed deposits, digital gold, SGBs, REITs and P2P. Around it sit the tools that make an investing product sticky rather than transactional: SIP, STP and SWP with step-up and top-up, financial goals, tax P&L with harvesting suggestions, dividend and corporate-action tracking, thirteen calculators and an academy. Web, a 119 screen mobile app and a ten page operator console all read the same 82 entity PostgreSQL schema.
It is the codebase rather than a hosted service: the Next.js 16 web application with its 167 backend-for-frontend route handlers, the NestJS 11 core API across 55 modules, the 82 entity TypeORM schema with its migration runner and 15 seeders, the React Native application of 119 screens with EAS build profiles, and the deployment kit carrying Docker, nginx, PM2, four CI pipelines and four Grafana dashboards. Ownership transfers in full. There is no runtime licence and nothing is counted per seat.
They are genuinely different platforms, not two presentations of one codebase, and the honest answer is that they solve different problems. The Zerodha Clone is about execution depth: multi-broker order routing, an algo engine, consolidated P&L across broker connections, built for trading-first businesses and prop desks. This one is about breadth: fifteen asset classes in one portfolio, plus the wealth layer of systematic plans, goals and tax tooling that turns a trading app into a platform someone consolidates their financial life onto. Pick the Zerodha Clone if your differentiator is how a trade gets executed. Pick this one if it is how much of a customer you can hold. Tell us which you are actually solving and we will point you at the right one even when it is the cheaper one.
The Miracuves Groww Clone starts from $7,299 for a launch-ready white-label deployment. Final scope varies with which asset classes you switch on at launch, broker venue integration, market-data vendor licensing, payment gateway setup, push and queue enablement, and store publishing.
Six working days covers our part, which is rebranding the platform and deploying it to your infrastructure. What lengthens the timeline sits on your side, and on an investing platform it is almost always external rather than technical: broker registration and the venue connection, market-data licensing, merchant accounts per gateway, and a Firebase project if push must work on day one. Brand assets and hosting access complete the list. We would rather set that expectation now than discover it in week three.
Modeled in the schema and surfaced in the product: Indian equities on NSE and BSE, US equities on NYSE and NASDAQ, mutual funds, ETFs, index funds, IPOs with grey market premium and allotment, futures and options, intraday and the margin trading facility, commodities on MCX, currency pairs, bonds, fixed deposits, digital gold and SGBs, REITs and P2P. Each has its own entity with its own typed fields, and orders, holdings and watchlists reach all of them through polymorphic keys. You can launch with two and switch the rest on behind feature flags as licensing allows, which is configuration rather than development.
Yes, and this is the part we would point at first. SIP, STP and SWP are three separate entities rather than variants of one, carrying daily through quarterly frequencies, step-up percentages, top-up amounts and auto-invest on dividend, with a full scheduled through completed lifecycle. Goals track a target amount and date against progress and link to the plans funding them. Tax gives you realized P&L with short and long-term splits plus a harvesting suggestion engine, and dividends and corporate actions are tracked so holdings reconciliation stays correct. Installment settlement runs through the Bull queue path, so enabling the queue workers is part of the deployment rather than optional.
The order engine is complete: four order types across five product types and four validity modes on five exchanges, a seven state lifecycle with partial fills and preserved rejection reasons, and server-side charge computation covering brokerage, STT, GST and transaction charges. What is not included is a connection to a live venue. The lifecycle carries brokerRef and exchangeOrderId and expects fills from a connector, so wiring an actual broker is an integration per venue rather than a rearchitecture. Paper trading works out of the box through the isDemo flag and the platform mode subsystem, which is also what makes the sales demo safe to hand to a prospect.
It is a React Native application of 119 screens plus 15 Expo Router routes, not a web wrapper. It carries auth with biometric unlock, the dashboard, market and instrument screens, orders, holdings with analytics, watchlist, wallet, KYC status, alerts, news, IPO, SIP creation, all thirteen calculators, the alternatives stack covering bonds, FD, gold, SGB, REIT and P2P, research screens for ESG, comparison, corporate actions and dividends, and market intelligence including the intraday screener, pre-open, sector heatmap and sentiment. Home-screen widgets, Firebase messaging, MMKV storage and offline detection ship with it. The F&O terminal and the admin console are deliberately web-first.
Ten console pages cover the daily loop: platform stats and an activity feed, user management with status changes, the KYC review desk with approve and reject reasons, order inspection and status override, the support ticket queue, analytics, the audit log viewer, feature flags, security policies and system health. On top of that sits the platform mode subsystem, which switches the whole deployment between demo and production with mode history, production readiness checks and a demo data reset. Subscription packaging is per-plan JSON, so moving a feature between tiers needs no release either.
It arrives with a VAPT reference mapped to the OWASP Top 10 that is willing to mark its own gaps. Built controls include bcrypt password hashing with the column not selectable, JWT access and refresh tokens on separate secrets with rotation, RBAC with row-level user scoping, an admin authentication path separate from the retail one, server-side payment verification before any wallet credit, SHA-256 checksums on KYC documents, validation that rejects unknown properties outright, parameterized queries throughout, and an audit row on every operator mutation. The items to close during deployment are named just as plainly: 2FA is not enabled although the TOTP libraries ship, secrets belong in a vault rather than environment files, uploads are not virus scanned, Swagger must be disabled and CORS tightened in production, authentication and OTP routes deserve tighter throttling than the 100 per minute default, and multi-tenant separation is convention rather than enforced row-level tenancy.
The source transfers in full: the web application, the core API, the mobile app, the operator console, the schema with its migrations and seeders, the deployment kit and the documentation suite. On licensing, the distinction matters and we state it plainly. Miracuves supplies platform software, not broker registration. Exchange membership, broker licensing and KYC/AML obligations remain yours as the operator. What the platform provides is the control fabric those licences are examined against, which is the KYC lifecycle, the audit trail, RBAC, retention guidance and the security mapping, so the review has something to look at rather than a promise.
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Miracuves is an independent software development company. We are not affiliated with, connected to, sponsored by, or endorsed by Groww.
“Groww Clone” is used descriptively. It is how the software industry refers to building a platform with functionality similar to Groww, and how clients search for it.
The entire design and codebase is built by our own team. The product contains no code, design, graphics, or content originating from the Groww website or applications.
Groww and all other third-party names and marks are the property of their respective owners, referenced here solely to describe the category of software offered.
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