Groww, one of India’s largest digital investment platforms, has rolled out a demat mode for mutual funds, enabling investors to hold mutual fund units in dematerialised form alongside stocks, ETFs, and bonds. This move simplifies investment management by consolidating all assets under a single demat account.
Previously, mutual funds on Groww were held in the Statement of Account (SoA) format, requiring investors to update bank details and nominees separately for each folio—a process that was often cumbersome and time-consuming.
With the demat option, users can now update bank accounts and nominee information once for all holdings, while redemption proceeds are credited directly to the linked bank account. This seamless experience appeals especially to retail investors seeking unified portfolio management.
Groww’s latest offering aligns with industry trends, joining competitors like Zerodha and Paytm Money in enhancing digital investment solutions. The SoA format remains available for investors who prefer it, ensuring flexibility.
Since launching mutual fund investments in 2016, Groww has expanded to include equities, bonds, ETFs, and more—cementing its position as a top platform for comprehensive digital investing in India.
This demat feature aims to reduce administrative hassles, boost user convenience, and attract investors looking for efficient, integrated investment platforms.