Is it safe to hold mutual funds on Groww / zerodha?
Yes it is safe . Groww/Zerodha don’t actually hold your MF units .
Many of us are holding in non-demat form for various reasons. Kuvera/ MFCentral/ CAMS etc.
Could you please expand on the reasons. I have also heard this, but never found any major reasons
I always register directly on the mfs website ( setup mandates for it ) and then import it in groww to check what's happening
A few years back, I had invested in MFs via broker bankbazaar which was transferred to Investica since bankbazaar sold their MF unit. Then again, Investica also went out of business or I switched to some other broker ig...I forgot what happened.
I always registered directly on the MF house after purchasing via broker so that I can keep track.
I have 1 query - Can MF brokers defraud my funds after my money reaches MF house?
Ideally they can not. But what names you mentioned are not well knows ones. Dm me your detailed and I can help you get your portfolio verified.
Groww doesn't hold your MF. MF are held by assets management companies. Groww only show all data together. So it's safe
Kuvera gang
You can buy from any of these (or as a matter of fact, any good online MF distributor platform). But make sure to check your mail regarding the purchasing of units that you would receive from the mutual fund AMC. Apart from this, you can also check all your MF holdings on the MFCentral portal (www.mfcentral.com)
You can purchase MF from any platform - they are all just brokers (online or offline). After purchase, make sure to recheck your folio number on the fund’s website directly by registering there and also keep a note of all folio numbers and unit details in a separate excel file. Also don’t forget to add nominee.
It is safe. Read a bit about this. You’ll not lose ur MF if either of these go down. Maybe if u kept some money at their end then that could be risky
I saw a lot of comments on Groww tweet filled with customers complaining about similar issues of redemption and incorrect price shown etc.
Is it really safe? Should everyone move from Groww?
Any Groww employee here who can give some ...
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
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 see a lot of negative feedback on LinkedIn related to how people redeemed their mutual funds but they didn't get the amount displayed on the app.
Any Groww users out there? What's your opinion on these
