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.
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?
Apps / Websites that you use for trading stocks , mutual funds, us stocks , fds, bonds and more.
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
