Here’s what happened at the alleged Groww app Scam and what should you do to avoid anything like this happening to you.
- A user said that she invested in PPFAS Mutual Fund using the Groww app.
- After the investment, the apps dashboard showed the investment, the investment value kept changing with the market
- In 2024 when she decided to withdraw, the redemption was not allowed because groww said the investment never happened, money was not debited from the investors account and there was a reconciliation error at their end which is why the investment showed up on the dashboard
- The investor claims the money was debited.
- Now we don’t know who’s right & who’s not but groww has paid the investor, I wonder why :)
Just to make sure something like this does not happen with you, the easiest way is to check the E - CAS which is sent to you by NSDL or CDSL on your registered email id monthly
It will show you all the investments across all mutual funds and all demats at one place.
Once you invest, just check if it shows up on your ECAS to avoid anything like this happening to you
#invest #investingforbeginners #fpa #fpaedutech
27 июл 2024
