My friends are using Groww to invest in mutual funds. When I asked them to invest through the coin app their main concern was Coin app has a high initial investment amount as compared to groww for the mutual fund.
This limited youngster to invest in coin app. Because they can’t put 5000rs directly in a single mutual fund.
For Example: In ICICI Prudential Technology Direct Plan Mf Where Zerodha Demanding 5000Rs, Groww demands 1000Rs.
This one factor is helping groww to boost its customer base even though Zerodha has many clients earlier.
Please do something to minimize this gap.