New Delhi, July 1 -- Groww has quietly changed how it handles mutual fund investments-and in the process, left many users confused.

Starting 5 June, all new mutual fund purchases on India's largest investment platform are being processed in demat form by default, instead of the Statement of Account (SoA) format most investors are used to. Existing investments remain unchanged, but going forward, users will need to fill out an opt-out form if they want to continue in SoA mode.

While Groww did notify users of the change via email, many seem to have missed it-learning about it only when their new SIPs began showing up in demat.

"You should have a basic pop-up option for investor permission before taking demat mode.Now, most will have 2 fo...