Groww has said direct mutual funds will remain central to its platform and will continue to be free for do-it-yourself investors, responding to confusion around its mutual fund offering after Zerodha founder Nithin Kamath’s recent post on direct plans.
The company said direct mutual funds are “the heart of Groww” and that its existing mutual fund investors will see no change in plans, pricing or experience. Groww said more than 1 crore investors have built over Rs 1.9 lakh crore of mutual fund investments on its platform, making it the largest mutual fund platform in the country.
