Your MF platform shut down? Your money is safe

When your #MutualFund investing platform shuts down, don’t panic!
A friend recently called me in a panic, the platform he used for investing his life savings in MFs was shutting down.
"Will I lose my money?"
"Will my SIPs continue?"
"How will I track my portfolio?"

Here’s what I explained:
- The platform is just a viewing/transacting layer.
- Your money is invested with AMCs, via RTAs like CAMS and KFintech.
- You can always track your portfolio through them, regardless of the platform.

What about the SIPs?
- Old mandates will expire, and you’ll need to set up new mandates.

Where to go next?
I recommended MFCentral, reliable, RTA-backed, unlikely to shut down, and covers nearly all MF houses.

Have you faced this?
Platforms like Paytm Money (forced migration to BSE Star) and the more recent Piggy (shutdown) have confused investors.
How did you handle the situation?