How to invest in PPFAS schemes via Groww

From WebNotes, a public knowledge base. Last updated 17 May 2026. Reading time ~6 min. Level: Beginner.

Key facts

Platform	Groww (groww.in and Groww mobile apps for Android and iOS)
Plan support	Direct plan only; Groww does not support regular plans
Cost	Free for direct-plan mutual funds
Unit holding mode	Statement of Account (SoA) folio at CAMS, not demat

This guide covers investing in PPFAS Mutual Fund schemes through Groww, one of India’s largest direct-plan-focused fintech aggregator platforms. Groww is structurally similar to other aggregator platforms like Kuvera, ET Money, and INDmoney: the platform aggregates mutual fund offerings from all participating AMCs and provides a unified investor interface. Groww is direct-plan only, with no commission embedded.

Step-by-step procedure

Step 1: Ensure an active Groww account with completed KYC

If not yet open, sign up at groww.in or via the Groww mobile app:

Enter mobile number; OTP-verify.
Enter PAN; Groww verifies against IT database.
Complete Aadhaar e-KYC; OTP-verify via UIDAI.
Upload signature and complete IPV (in-person verification via short video).
Link a bank account via penny-drop.

KYC completion typically takes 24 to 48 hours for KYC Not Registered investors. For KYC Validated investors, Groww onboarding is faster.

Step 2: Log in to the Groww platform

Open groww.in in a browser or the Groww mobile app. Log in with credentials (PAN or mobile + password, then OTP).

Step 3: Search for the PPFAS scheme

In the search bar, type:

Parag Parikh Flexi Cap Fund or PPFCF.
Parag Parikh Liquid Fund.
Other PPFAS scheme names.

Groww shows the direct-plan variant.

Step 4: Open the scheme detail page

Review key metrics:

NAV and AUM.
Expense ratio (direct plan).
Fund manager details.
1Y, 3Y, 5Y, since-inception returns.
Benchmark and category comparison.
Risk profile (SEBI Riskometer).

Step 5: Choose Lump-sum or SIP

Tap Invest or Buy:

Lump-sum: One-time. Enter amount (subject to scheme minimums; Rs 1,000 for PPFCF).
SIP: Recurring. Enter per-installment amount, SIP date, frequency (monthly typical), tenure (perpetual or fixed end-date).

Step 6: Enter the amount and SIP date if applicable

For lump-sum, just the amount. For SIP, specify:

Amount: Rs 1,000 minimum for PPFCF; Rs 500 for ELSS; refer to PPFAS minimum investments per scheme.
Date: From the available dates dropdown.
Frequency: Monthly or quarterly.
Tenure: Perpetual or fixed end-date.

Step 7: Authorise payment via UPI, net banking, or NACH

Payment options:

UPI: Real-time. Approve via UPI app.
Net banking: Redirect to bank portal.
IMPS / RTGS: For larger amounts.
NACH e-mandate (for SIP): Authorise via Aadhaar OTP or net banking. Activation typically 24-48 hours.
UPI Autopay (for SIP): Real-time activation via UPI app.

For lump-sum orders, the SEBI NAV applicability rule 2021 applies identically on Groww as on SelfInvest.

Step 8: Track holdings in the Groww dashboard

After T+1 allotment, holdings appear in Groww’s portfolio dashboard. Since the underlying folio is at CAMS (the PPFAS RTA), the same folio is also visible in:

The PPFAS SelfInvest portal.
MF Central for cross-AMC view.
The CAS issued by NSDL/CDSL.

PAN-based folio aggregation across platforms means there is no fragmentation.

What can go wrong

Groww’s KYC pending status: Investments cannot be placed until KYC is fully approved. Wait 24-48 hours after onboarding.
Bank account mismatch: Groww-registered bank must match (or be linked to) the PAN. Mismatch flags the order.
PAN-Aadhaar not linked: Inoperative PAN blocks transactions on Groww identically.
No regular-plan option: Groww is direct-plan only. Investors who specifically want regular plan must use a distributor or MFU.
NACH mandate ceiling sizing: As on SelfInvest, set mandate ceiling 2-3x SIP amount for headroom.
Cross-platform folio confusion: A Groww purchase creates (or adds to) a folio at CAMS for the PPFAS scheme. The same folio is visible in the SelfInvest dashboard if the PAN is linked.
Switching between Groww and SelfInvest mid-investment: No technical issue; both platforms read from the same CAMS folio data. Pick the platform that offers the best UX for the specific action.
PPFAS-specific features unavailable: Groww does not implement PPFAS-specific features like CashFlex IAF on the Liquid Fund. Use SelfInvest or CashFlex for those.
Aggregator-platform UX differences: Groww’s UX is modern and fintech-oriented; SelfInvest is more functional. Investor preference varies.
Customer service: Groww handles platform-level issues (login, app, KYC). PPFAS investor desk handles scheme-level issues (NAV, allotment).

How to open a PPFAS SelfInvest direct-plan account is the AMC-direct alternative
How to invest in PPFAS schemes via Kuvera covers Kuvera (peer aggregator)
How to invest in PPFAS schemes via ET Money covers ET Money
How to invest in PPFAS schemes via INDmoney covers INDmoney
How to invest in PPFAS schemes via Angel One MF covers Angel One
How to invest in PPFAS schemes via Paytm Money covers Paytm Money
How to invest in PPFAS schemes on Zerodha Coin covers Zerodha Coin (demat-mode)
The reference article on Groww covers the platform

External references

References

Groww platform at groww.in.
PPFAS Mutual Fund, SelfInvest portal at selfinvest.ppfas.com.
PPFAS Scheme Information Documents.
SEBI Master Circular for Mutual Funds, 22 May 2024.
SEBI (Mutual Funds) Regulations, 1996.
SEBI Circular on uniform applicability of NAV (2020).
AMFI Industry Best Practices on aggregator-platform integration.
CAMS Investor Services operational documentation.
PPFAS investor desk FAQ at amc.ppfas.com/faqs/.
Groww platform documentation.

Reviewed and published by

WebNotes Editorial Team

The WebNotes Editorial Team covers Indian capital markets, payments infrastructure and retail investor procedures. Every article is fact-checked against primary sources, principally SEBI circulars and master directions, NPCI specifications and the official support documentation published by the intermediary in question. Drafts go through a second-pair-of-eyes review and a separate compliance read before publication, and revisions are tracked against the SEBI and NPCI rule changes referenced in the methodology section.

Last reviewed: 17 May 2026
Conflicts of interest: WebNotes is independent. No relationship with any broker, registrar or bank named in this article.