Groww SCAM Discussion

[Pradumya]

As many of you would be knowing by now that a user reported that their Mutual fund was shown but when they tried to redeem, they couldn't.
Whole story below



Now there are more people coming up with same issue


If you use Groww for your mutual fund investments, would suggest that you check your details as well.

Go to this link: https://camsonline.com/Investors/Statements/Consolidated-Account-Statement

A pop up will appear. Accept it.

Scroll down. You will see this simple form.

Fill it.

Keep a simple password. It will be used to open a pdf later.

Needs 6 characters minimum. 123456 works.

On submitting, you will get a success message like the one shown below

You will get an email like this with a PDF attached with it.

It will give you a one page summary of all the funds you own.

Their units. Their folio numbers. Their current value. Cost.

Everything.

Just match it with what you see on Groww.

Hopefully, you won’t find a problem.

 

[NAB]

Thank God, I am using only Zerodha. 😇

 

[Deleted member 26954]

Thank God, I am using only Zerodha. 😇

Check how many times 0dha is trending on twitter....Obviously not for right reasons 😀

 

[abhiver]

Strange that aisa bhi ho sakta hai...

What about those fund which are in Groww statement of holding but not appearing in CAMS?

 

[NOOBY]

As many of you would be knowing by now that a user reported that their Mutual fund was shown but when they tried to redeem, they couldn't.
Whole story below

Groww has confirmed that no money was deducted from the user's bank account. It was a false entry which is why CAMS report was not showing this as well. So, when the user tried to encash it, they got to know that the entry was false and just removed it.

Now the user is quiet when people are tagging him, asking for deduction proofs 🤣

I assume he tried to presurmise Groww into paying the amt (free money) but he didn't knew that everything is tracked xD

 

[NAB]

Check how many times 0dha is trending on twitter....Obviously not for right reasons 😀

When you go along with such a high client base and volume, a little hiccups are expected for any tech company. 😀

I personally never had any issues. This is place where at least I feel safe 😉

 

[dealminer]

Groww has confirmed that no money was deducted from the user's bank account. It was a false entry which is why CAMS report was not showing this as well. So, when the user tried to encash it, they got to know that the entry was false and just removed it.

Now the user is quiet when people are tagging him, asking for deduction proofs 🤣

I assume he tried to presurmise Groww into paying the amt (free money) but he didn't knew that everything is tracked xD

No doubt, he failed a business duping people like that😆

 

[keerthirahul123]

Verified my statement and everything matches.

 

[Das.N]

For last two days, I am not able to Import the external funds in Groww mutual fund dashboard. Is anyone facing the same problem?

 

[aayusharyan]

I have subscribed to NSDL and every month I get report of my investments, all CAMS, KFintech and all.
Also, post investment, check out for emails from the MF house.

 

[aayusharyan]

ohh, lol. Groww sends holding statement every month. That's a good place to check for Stock txns.

 

[karanssh]

as a tech-first company, groww should really learn from zerodha and publish a proper post mortem or RCA.

 

[Animal]

As many of you would be knowing by now that a user reported that their Mutual fund was shown but when they tried to redeem, they couldn't.
Whole story below
View attachment 58915
View attachment 58916

Now there are more people coming up with same issue
View attachment 58908
View attachment 58909
If you use Groww for your mutual fund investments, would suggest that you check your details as well.

Go to this link: https://camsonline.com/Investors/Statements/Consolidated-Account-Statement

A pop up will appear. Accept it.
View attachment 58910
Scroll down. You will see this simple form.

Fill it.

Keep a simple password. It will be used to open a pdf later.

Needs 6 characters minimum. 123456 works.
View attachment 58911
On submitting, you will get a success message like the one shown below
View attachment 58912
You will get an email like this with a PDF attached with it.
View attachment 58913
It will give you a one page summary of all the funds you own.

Their units. Their folio numbers. Their current value. Cost.

Everything.

Just match it with what you see on Groww.

Hopefully, you won’t find a problem.

Was he/she not checking CAS every month? MF transaction are even reported in AIS. Anyways I directly invest via MF app/website. Never invested via any fintech platform.

 

[Pradumya]

Was he/she not checking CAS every month?

I don't know what are their point of view.

I can tell you not everyone checks documents of investment in MF. Like a bank manager convinced my father to invest in a NFO. My father didn't realise what he invested into. I checked his holdings this year itself when I found its entry in AIS. otherwise I would never know, even my father forgot about it.
Just imagine if my father wasn't into IT slab, we would never know this investment.

 

[abhiver]

So AIS is useful 🤣

 

[iampqq]

Brokers in India can't scam on holdings
It's not usa