What to do if your mutual fund platform shuts shop?

The most important attribute that can be ascribed to the decade gone by is, undoubtedly, 'digitalisation'. Fortunately, the investment industry has not skipped out on this revolutionary turnaround. In fact, there has been a deluge of fintech players lately that aim to simplify personal finance and investing for the common people. Interestingly, a growing number of do-it-yourself (DIY) investors have emerged parallelly. However, as it is said, there is no land without stones. Some of these new players might not have stable business models and hence they may decide to shut operations if the need arises. But the best part is that as an investor, you need not panic about your investments. As regards Paisabazaar, the rumour seems to be technically misleading. As per our conversation with their customer representative, accounts of only some users have been suspended on their portal for the lack of correct personal details, though our email to the firm r