अगर Mutual Fund Apps बंद हो गए , तो Units Redeem कैसे करेंगे ? What if Mutual Fund Apps Shut Down?

Описание: अगर Mutual Fund Apps बंद हो गए , तो Units Redeem कैसे करेंगे ? What if Mutual Fund Apps Shut Down?


What if the Mutual Fund apps shuts down?
In case any mutual fund brokers such as Groww shuts down, your account will still be active with the corresponding mutual fund house. This way, you can directly reach out the mutual fund house and enquire about the current status of your account and investments with them.

Is It Safe to Invest Through Mutual Fund Apps?
Traditionally, people used to invest in mutual funds via distributors. Now, there are many online options.

The traditional approach has been of investing via distributors. Distributors are scattered all over the country.

To invest, you will have to visit these distributors physically. Upon selection of a mutual fund type, you will be required to give the requisite documents. These documents along with a filled up form and a cheque bearing the amount you want to invest have to be given to the distributor.

The distributor would then deposit these documents at the Asset Management Company (AMC) office.

An AMC is a company that manages the mutual fund. AMC are often referred to as fund houses too. For example, SBI Bluechip Fund is a mutual fund managed by the AMC, SBI Mutual Fund.

When you decide to invest in a mutual fund of your choice, you choose that mutual fund on our website and click ‘invest’. Following that, you are redirected to the BSE page where you make the payment. BSE then directs your money to the AMC managing your mutual fund.

Similarly, when you redeem, you can request the same on our platform. The money redeemed is transferred from the AMC account to BSE following which BSE credits the amount to your account. This is the same account from which you made the initial payment to the AMC.

Topics Explained in Video :
1. Is Groww App Safe for Mutual Fund Investment ?
2. Is Groww Safe for trading and long term investment ?
3. Is Groww App regulated by SEBI ?

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All Video of 'Investech Gurukul' are for education and information purpose only. The videos should not be considered as investment advice or as a recommendation.The user must perform a self-assestment before investing.