Archive · 3 Jul 2025
Groww Offers Demat Option For Mutual Funds: Benefits & Process
Groww now lets you keep your mutual funds in a special account, like stocks.
This helps because now your bank details for your investments are easier to update, and you can manage everything in one place.
If you switch, you can update your bank account details easier, add multiple people to your funds, and use them as collateral.
Groww isn't charging extra for the new demat option.
You don't have to do it, and your old funds will stay the same unless you switch them.
Groww now allows users to hold mutual fund investments in demat format.
The change addresses limitations from fund houses restricting redemptions to linked bank accounts.
Switching to demat offers seamless bank updates, easy nominee management, and pledging options.
Users can consolidate all investments in a single demat account.
Groww charges no extra costs for users opting into demat-based holdings.
- Who
- Groww users.
- What
- Groww is allowing users to hold mutual fund investments in demat format.
- When
- The feature was rolled out in June 2024.
- Where
- On the Groww app.
- Why
- To offer convenience to its customers and address recent changes in the mutual fund industry.
- Platform
- Groww
- Service
- Demat-based mutual fund holdings
- Launch Date
- June 2024
- Benefits
- Seamless bank updates, easy nominee management, pledging options, simplified management
- Cost
- No extra charges