Groww faces fraud allegation: 'Groww app shows mutual fund investment but investor can't redeem', what are the lessons for MF investors?

Groww faces fraud allegation: An aggrieved mutual fund investor's complaint against Groww has sparked concerns over investment safety via execution-only platforms (EOPs). The investor alleged via social media that investments made through Groww could not be withdrawn despite the app showing them as invested. Groww responded, asserting no deduction occurred and the mutual fund transaction did not take place. The incident underscores broader worries among investors about data reliability on fintech apps. ET Wealth investigates the incident's details and implications for mutual fund investors.