I am planning to switch my MF from coin to groww. Is there any other option rather than withdrawing my fund from coin and investing it into groww.
Ok this may be a noob question but if you withdraw all ur MF from Coin and reinvest in Grow wouldn't that get your profits taxed?
AFAIK unlike real estate you dont have a option of reinvest tax free in MF or stocks
Me too noob in this. My mf portfolio is of 80k ( 60k invested + 20k profit). For some units STCG will be applied and for some LTCG. The reason behind switching is coin MF are demat form. Not able to find out proper pros and cons of demat and folio form
You don’t need to withdraw all mfs, you can simply track external funds on grow, and move your future sips there.
I'm not 100% sure but there is an option in Groww to import your external MF so you can try that out before withdrawal.
Or I would recommend you to get in touch with the groww customer support to get help or clarifications.
Yes, Grow has the option to import the funds. But the MF in the coin are in demat folio. That is the issue
Which mutual fund investment apps would you recommend that offer good control over invested funds? Why would you recommend it?
On the contrary, which apps should I avoid at all costs?
If you will ask so many questions in a single post, chances are most people will ignore it. 😛 Btw, you can use ...
I know Zerodha is still the sustainable one of the two; but definitely good execution this from Groww? Do any of you use Groww? Or is it folks in tier 2/tier 3 and college students?
Groww has users only because of its huge marketing spree. Groww is still in losses and everyone knows the PnL of Zero...
Zerodha was flexing a lot about their less developers working on things, their expenses and their profit. Groww on th...
I invest in stocks on Zerodha and invest in MFs on Groww. Tons of folks I know do the same. The day Zerodha gets into...
Need your suggestions advices in which app is better for long term sips. My concern is the app should be easy to understand has less hidden charges and can be looked after for 10 years atleast.
Kuvera
After the recent incident of groww screwing up customers investment, am now scared of their platform. Should i stick on or move to something else? if yes which one? #trading #demat
