Wealth Master
June 13, 2025 at 01:13 AM
If you're a Groww customer who uses the platform to buy mutual funds (MFs), there's a recent change you should be aware of. Groww has started automatically linking any new mutual fund purchases to new accounts (folios) that are associated with your Groww demat account. This change happened without asking for your permission; they just sent out a bulk email to inform customers.
If you want to "opt-out" or stop this from happening, you'll need to submit a request to do so. However, if you've already made some purchases under these new accounts, your options are limited. You can either accept the new setup or go through a complicated process of filling out manual forms to change it.
This situation seems to make it harder for many mutual fund investors to leave the Groww platform, essentially locking them in through their demat accounts, and there isn't an easy way to exit.
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