For users using groww for MF

Recently groww shared an email stating that they will be introducing demats for mutual funds as well, and all new mutual fund investments and SIPs will move to demat account automatically.

Now they have stated the benefit of it such as, consolidated view of shares and mf in demat accounts, pledging etc etc.

However we as users are likely to incur more charges going forward for each purchase and redemption of mutual fund units, as they will start treating it as stocks. So unless you opt out of it, by default your new investments will go to demat account.

Now i am not 100% sure of the charges, but they might add charges to it like stocks. So if you want to be on the safe side, you can consider to opt out of it.