Top 14 Questions about Market Crash and their Answers
Hey there investors! We know the times are tough and the situation tense. It is natural to be apprehensive about the state of your investments and confused about your finances. But we won’t let you struggle alone. We have compiled a list of 14 questions, answered by Groww experts that will help you arrive at […]
9 Reasons Why SIP Investment is Best Way to Invest
Investing in mutual funds using a systematic investment plan or SIP has become very popular. To know why it is such an effective method to invest in mutual funds, read on! What is Systematic Investment Plan or SIP? Systematic Investment Plan or SIP is a method of investing money in mutual funds. The other way […]
NFO: Is it Good to Buy? Investing in NFO vs Existing Mutual Funds
In recent times, new mutual funds, or NFOs have flooded the markets. So, is it good to buy NFO or should you go with time-proven existing mutual funds? Should You Invest in NFO? Reasons for not Investing Following are the reasons: These NFOs have no proven track record. There are many older funds in the market […]
How to Add a Nominee to an Existing Folio?
While investing in mutual funds, one can authorize a person to whom the mutual funds will be transferred to in the event of his death. This person is called a nominee. If you already have a folio but there is no nominee updated for it, we can get it updated. The steps are as mentioned […]
How to Update Bank Details in an Existing Folio?
One of our users on Groww recently asked about getting his bank details updated for an existing folio. You can get your account created on Groww in less than 2 minutes. You can get your bank details updated for 2 scenarios. First, if you want to change the current bank that you are using. Second, […]
How to Move Your Existing Investments to Groww?
Want to track all your investments on a single platform? Don’t worry! We can move all your existing investments to Groww. Moving your existing investments is very simple. Request a consolidated account statement of your investments from karvymfs.com/platformservice/ and forward it to firstname.lastname@example.org along with the password you chose. Make sure you have selected the option – ‘Detailed‘. The […]
Why You Don't Need a Demat Account to Invest in Mutual Funds
No. You do not need a demat account to invest in mutual funds. There are several ways to invest in mutual funds. Ways to Invest in Mutual Funds Broker on the Stock Exchange: This is the demat way. For people who invest in stocks, mutual funds, bonds, and other such similar instruments, it is convenient to be […]
Should I pre-pay a home loan or invest in mutual funds?
This is the dilemma everyone faces when their monthly income can service pre-payment of the home loan. But you should take note of the Pros and Cons associated with pre-payment and investments in mutual funds. Pros Interest rate- By prepaying your home loan, you are effectively saving the interest which you would have been paying with […]
How Do You Withdraw Money From Mutual Funds?
Exit load is one of the most important things one must take care of while withdrawing money from mutual funds. Investors often complain about the exit loads, which is charged by asset management companies or AUM. But what exactly is exit load? Exit Load Some mutual fund schemes carry exit loads depending on when an investor […]