Exactly what I was thinking. I want peace of mind, one stop solution. I guess most people want that too .But going to Various AMC website to buy funds is a hassle too.
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Exactly what I was thinking. I want peace of mind, one stop solution. I guess most people want that too .But going to Various AMC website to buy funds is a hassle too.
its not a scam... its their tech. what will groww gain from this.. nothing!!! they just have bad workflowsI heard many cases about groww; people were not getting the actual day NAV for various reasons investing through groww.
Today I have faced the same. Today I placed a lumpsum order in Parag Parikh Flexi cap of Rs 10000 in 12.59pm. I have an active sip on that folio and did lump sump many times before. So no issue with kyc there .
But today, somehow,they order was not processed by the exchange according to groww.
So , I have lost today's NAV.
I have raised a complain in customer care but got the generic answer like; mutual fund cut off timing, mf exchange to send the amount to mutual fund bank account blah blah.
But in the end, I the Investor have to bear all the losses.
I am thinking of switching to MF central to avoid such issues in future.
You can share your valuable advice/past experience about the similar incident hereView attachment 64330
why is this a scam? what will the intermediary gain??I faced this scam many times in Paytm money wherein if you place order for multiple funds, they don't process on the same day..I will suggest invest through kuvera
Probably they are holding the money for a day and sending the order next daywhy is this a scam? what will the intermediary gain??
naah.. its debited by the banks directly... its not viaProbably they are holding the money for a day and sending the order next day
Still customer is at loss...naah.. its debited by the banks directly... its not via
not really.. if it is a delay by a day it cab be up or down... SIP is always up and down.. This is only a big issue in lump sum where u want same day NAV..Still customer is at loss...
Yes lumpsum only!not really.. if it is a delay by a day it cab be up or down... SIP is always up and down.. This is only a big issue in lump sum where u want same day NAV..
ET Money also having similar issues. after app update.. quite a disaster.. Folio values incorrect by a lotoh I didnt wrote here na groww has just ****%% my MF investments
On 29 Nov I did lumpsum payments in 3 funds , payment was done at 12:45 PM so accordingly NAV should have been of the same day 29NOV Friday but they gave me NAV of Monday 2nd Dec.
till 1st dec it showed in app that NAV date is of 29th Nov but on 3rd they sent a mail regarding order completion that NAV is of 2nd Dec.
Have complained against Groww and all 3 AMC to SEBI on scores portal awaiting reply now.
29TH NOV WAS A WORKING DAY + PAYMENT WAS WELL MADE BEFORE 3PM CUTOFF TIME.
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There are 5 nodal banks for getting same day NAV even if you do before cut-off time i.e., SBI/HDFC/ICICI/KOTAK/AXIS.oh I didnt wrote here na groww has just ****%% my MF investments
On 29 Nov I did lumpsum payments in 3 funds , payment was done at 12:45 PM so accordingly NAV should have been of the same day 29NOV Friday but they gave me NAV of Monday 2nd Dec.
till 1st dec it showed in app that NAV date is of 29th Nov but on 3rd they sent a mail regarding order completion that NAV is of 2nd Dec.
Have complained against Groww and all 3 AMC to SEBI on scores portal awaiting reply now.
29TH NOV WAS A WORKING DAY + PAYMENT WAS WELL MADE BEFORE 3PM CUTOFF TIME.
View attachment 76476View attachment 76477
UPI transaction was through AXISThere are 5 nodal banks for getting same day NAV even if you do before cut-off time i.e., SBI/HDFC/ICICI/KOTAK/AXIS.
You are probably not aware, but everyone (other brokers) faced this issue. BSE is the culprit, not Groww.UPI transaction was through AXIS
now parag replied but still groww hasnt filed a report with SEBI till now even after 5 days of complain generally in other complains groww or any broker replies within 24 hrs, maybe they are thinking of a reply how to confuse us more..
now see parag reply
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parag flexi is a non liquid scheme upi cutoff remains 2:30 for it
parag threw this on BSE have complained against BSE now