Is it safe to invest large amounts (20-30 lacs) in mutual funds via apps like Zerodha or Groww? Is it similar to MFs in general? #personalfinance #investments
😂 Can’t believe this is still a question. Think of Groww or Zerodha as a marketplace for MFs.
Apps only provide the platform. Your transaction is still with the Mutual Fund AMC. So your money is as safe or unsafe as it would normally be in any direct MF investment.
not really, in case of Groww/zerodha its stored in your demat which in turn stays with the broker
@Nutanix only in Zerodha. Groww does not store MF in demat.