People are investing in mutual funds via Groww app, Paytm Money etc. What will happen if these apps stop working?

groww

In cases where the mutual fund broker such as Groww, Paytm, etc. shuts down your account will still be active with the corresponding mutual fund house. So you can directly reach out to them to inquire about the current status of your investments with them. Also as a tip, I would always advise anyone who is investing in mutual funds through a 3rd party website to also create an account directly with that mutual fund house. For example, let’s say that you have invested in SBI small-cap fund through the Groww app. Then you should go to the SBI MF website and register your account with the folio details from the Groww app. That way you can always track your investments from both the Groww app as well as directly from the MF website.

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