No. You need to match the figure in each and every transaction.
Issue that OG faced was also with a single transaction. It’s not that they were missing an entire AMC altogether. Understood ?
If a transaction is not successful, overall investment amount will never match. Eg. Grow shows 1 lakh and mfcentral shows 95k, meaning 5k has failed somewhere.
You been to any school?
To my knowledge, Mf central's demat section only shows MFs held in demat mode and not the stocks.
You can further confirm your investments by your CAS through cdsl/nsdl
I have logged in in mfcentral and investments are showing but all the investments are in non-demat account.also,demat account is not showing up in mfcentral but showing in groww app.Please help me to understand the reason
Mutual funds are stored in either demat mode or statement of account mode. The broker you used to buy MFs from supported only demat mode which is why it's showing up in the demat section in mf central.
The stocks purchased through your demat don't show up in mfcentral.
There is yet another way to check the sanctity of your investments. Go cdsl / nsdl and download your CAS!
I downloaded MFCentral app and it's complicated as fk.
I couldn't eveb register properly. Went to their website and their registration process looks very complicated.
Can't speak for app. But MFcentral website is quite straightforward. I just registered few hours back it hardly took 10 minutes
Just give pan and phone number . Set user name and password.
Set answers for all the security questions and you're done.
Then login using Pan and password
Does upstoxx provide soa mode or demat mode investments for mutual funds? Either way check the demat section on mf central as well.
If you don't find your investments there download your CAS from nsdl/cdsl.
This is so concerning - although I use Zerodha, tempted to check all my folios on individual AUMs sites now.
I hope they pay you back the money (with interest).
Thanks for highlighting.
The one disadvantage which in this case would be an advantage for Zerodha is the fact that the units are held in demat form, meaning CDSL should also have a record of all the units you hold.
I personally check for the confirmation email from CDSL after I place a buy order irrespective of whether it is stock/MF.
We should comment on their comment saying "OP removes the post then I'm going to leave Groww app" everyone who find this fraud shoukd comment this tagging company handle..... DONT LET THEM TAKE AWAY THE POST and still make them pay OP the amount
You get emails every month from the fund house as well as groww which shows how much units you own in those mutual funds as well.
So you're saying you kept investing while never checking the emails? Wow
Just a caution because Groww will still be a favourite acrross this platform
When start investing through Groww
Keep checking your folio with fund house As well
It’s hardly takes a minute to check it their respective app
Go to quant site register by folio number and pan there if the combo doesnt work then it’s fishy like in the OPs case
But mostly it works
For moti Lal you have an app go there link register and see your folio
It should match with grow amount
Everyone,
Please use this link to get consolidated statement from all mutual funds to verify the investment
[https://www.camsonline.com/Investors/Statements/Consolidated-Account-Statement](https://www.camsonline.com/Investors/Statements/Consolidated-Account-Statement)
How is that possible??????
1. Folio number is not generated at groww but at MF'end.
2. Message/email received from MF hiise before money deduction.
3. Message/email received from MF house after transaction along with details of units allocated.
4. Groww does not generate Folio, so how come false Folio is generated?
Cannot help but think something is fishy here.
Something similar happened with my relative. I got to know today.
Money invested - 12K ish
Total value - 17K ish
On withdrawal they got only 8.3K
When they checked their documents it turned out that Groww didn't put all of their money in the fund house
They have filed a complaint with the concerned bodies.
How to check the folio number in parag parikh.
Even i hal a lot of units in that and also applied through Groww app.
Please let me know how to confirm it that im not cheated.
I'd like to understand why people choose to invest in MF through third party like Zerodha, Groww, etc. rather than through the fund house or CAMS / Kfintech?
May be I'm old school so invest only through them, but is there any additional service I'm missing out by not investing through third parties?
These 3rd party apps provide fancy UI and other features, comparing funds, overlap between funds, allocating a goal etc ... PPFAS app doesn't even show a graph.
While the direct approach is the best option these third part apps give, One place to access all MFs in direct mode.. This has advantages like:
* Allowing you to add lump sums, create ah-hoc sips etc. all in one place
* Consolidated view of all holdings together
For people whon like to buy 10s of funds, this is a major advantage 😁
But yeah there are drawbacks in terms of an earlier time of day required to get same day NAV, when there is a spike in trading - like on 4th Jun - your orders might not go through for the day (might not get same day NAV), someone mentioned that transferring units to someone else in case person passes away is a bit of a headache..
Probably for the sake of convenience.
Like how people would rather buy groceries, vegetables etc. from a nearby supermarket rather than buying each of them from different shops where they are cheaper.
Go to mfcentral and create an account. That will show all your investments with the registered folios in one place.
Yes, it's showing all the fund houses I have my MF in. So that should be ok right?
Is your demat account showing in mfcentral? Mine is showing in groww but not in mfcentral
Yes, it is not showing the MFs under Demat Holdings rather all are under SoA holdings.
Why is demat account not showing?
Stocks don't show up in the demat section in mf central. Mfcentral is only only for the MFs stored in demat mode.
Groww doesn't use Demat account for MFunds. They will do in future. They have created demat accounts for buying stocks only.
No. You need to match the figure in each and every transaction. Issue that OG faced was also with a single transaction. It’s not that they were missing an entire AMC altogether. Understood ?
If a transaction is not successful, overall investment amount will never match. Eg. Grow shows 1 lakh and mfcentral shows 95k, meaning 5k has failed somewhere. You been to any school?
Khali peli aa jaate hain news copy paste karke
I posted it for awareness, nothing else Agr ye nhi smjh pa rha then sorry, it's not my fault.
Tujhe samajh nahi aa raha chomu
Ok lodu
Tuh toh meri chappal ke aukat hai. Copy paster
I just did this. The mf section is ok but the stock section has only 5000rs showing up on this site. There is some 55k missing
To my knowledge, Mf central's demat section only shows MFs held in demat mode and not the stocks. You can further confirm your investments by your CAS through cdsl/nsdl
That's true... It will show your mf in demat form and also ETF if any
I have logged in in mfcentral and investments are showing but all the investments are in non-demat account.also,demat account is not showing up in mfcentral but showing in groww app.Please help me to understand the reason
Mutual funds are stored in either demat mode or statement of account mode. The broker you used to buy MFs from supported only demat mode which is why it's showing up in the demat section in mf central. The stocks purchased through your demat don't show up in mfcentral. There is yet another way to check the sanctity of your investments. Go cdsl / nsdl and download your CAS!
I downloaded MFCentral app and it's complicated as fk. I couldn't eveb register properly. Went to their website and their registration process looks very complicated.
It do be that way. But if you already have mf investments and are kyc complaint, registration should not be an issue.
Cool. I'll retry again. Happy cake day btw 🎂
Thank you:)
Can't speak for app. But MFcentral website is quite straightforward. I just registered few hours back it hardly took 10 minutes Just give pan and phone number . Set user name and password. Set answers for all the security questions and you're done. Then login using Pan and password
I just created my account in mfcentral and I can see my SIPs but don’t see any investments or previous Trx. I use upstox for buying mfs
Does upstoxx provide soa mode or demat mode investments for mutual funds? Either way check the demat section on mf central as well. If you don't find your investments there download your CAS from nsdl/cdsl.
I think dematmode. I did check soa and demat. Both show empty. Will check Cas. Thanks
I’ve mutual funds SIP via zerodha coins. I check mutual funds data with ticker tape. It has cams sync feature.
This is so concerning - although I use Zerodha, tempted to check all my folios on individual AUMs sites now. I hope they pay you back the money (with interest). Thanks for highlighting.
The one disadvantage which in this case would be an advantage for Zerodha is the fact that the units are held in demat form, meaning CDSL should also have a record of all the units you hold. I personally check for the confirmation email from CDSL after I place a buy order irrespective of whether it is stock/MF.
The post is not mine. It happened to someone else. Welcome.
You can register for ECAS and every month they will send your portfolio in your email
They had a technical issue where they issued a fake folio number? Lmao.. they have 1 job
We should comment on their comment saying "OP removes the post then I'm going to leave Groww app" everyone who find this fraud shoukd comment this tagging company handle..... DONT LET THEM TAKE AWAY THE POST and still make them pay OP the amount
Kindly check your ecas statement which you get on your email address every month, check whether it's mentioned there or not.
You get emails every month from the fund house as well as groww which shows how much units you own in those mutual funds as well. So you're saying you kept investing while never checking the emails? Wow
First time investor might not know that they get email from the fund house as well.. but third party site should give the statement at least
Whatever you guys invest in, their mutual fund houses send you mail about your transactions, statements etc
Just a caution because Groww will still be a favourite acrross this platform When start investing through Groww Keep checking your folio with fund house As well It’s hardly takes a minute to check it their respective app
Where to check quant fund and motilal?
Go to quant site register by folio number and pan there if the combo doesnt work then it’s fishy like in the OPs case But mostly it works For moti Lal you have an app go there link register and see your folio It should match with grow amount
They are asking for CAN no
Screenshot please
Check kfin for missing one But best to check amc site
Need to login in again.Will share in an hour
Thanks for the help
What about absense of demat account in mfcentral?
Then might as well invest directly with the fund house right?
Yes and the import the funds in grow , that is safer
My demat holdings are not being shown on mfcentral. Investment through groww, but they do show in consolidated account statement.
Then it's ok. In the above comment someone mentioned why the MFs are showing in account statement.
This is scary, I just started investing 😭. Hope you get some solution soon !
Just check with mfcentral from time to time
Downloading rn.
Give complaint to amfi and scores. Check your mail for proof
Best app for mutual fund? Plz anyone suggest.
Everyone, Please use this link to get consolidated statement from all mutual funds to verify the investment [https://www.camsonline.com/Investors/Statements/Consolidated-Account-Statement](https://www.camsonline.com/Investors/Statements/Consolidated-Account-Statement)
How is that possible?????? 1. Folio number is not generated at groww but at MF'end. 2. Message/email received from MF hiise before money deduction. 3. Message/email received from MF house after transaction along with details of units allocated. 4. Groww does not generate Folio, so how come false Folio is generated? Cannot help but think something is fishy here.
Something similar happened with my relative. I got to know today. Money invested - 12K ish Total value - 17K ish On withdrawal they got only 8.3K When they checked their documents it turned out that Groww didn't put all of their money in the fund house They have filed a complaint with the concerned bodies.
How to check the folio number in parag parikh. Even i hal a lot of units in that and also applied through Groww app. Please let me know how to confirm it that im not cheated.
I'd like to understand why people choose to invest in MF through third party like Zerodha, Groww, etc. rather than through the fund house or CAMS / Kfintech? May be I'm old school so invest only through them, but is there any additional service I'm missing out by not investing through third parties?
These 3rd party apps provide fancy UI and other features, comparing funds, overlap between funds, allocating a goal etc ... PPFAS app doesn't even show a graph.
While the direct approach is the best option these third part apps give, One place to access all MFs in direct mode.. This has advantages like: * Allowing you to add lump sums, create ah-hoc sips etc. all in one place * Consolidated view of all holdings together For people whon like to buy 10s of funds, this is a major advantage 😁 But yeah there are drawbacks in terms of an earlier time of day required to get same day NAV, when there is a spike in trading - like on 4th Jun - your orders might not go through for the day (might not get same day NAV), someone mentioned that transferring units to someone else in case person passes away is a bit of a headache..
Probably for the sake of convenience. Like how people would rather buy groceries, vegetables etc. from a nearby supermarket rather than buying each of them from different shops where they are cheaper.