Mutual funds are one of the most sought-after investment instruments in India. It is regulated by the Securities and Exchange Board of India (SEBI), the statutory body regulating and setting the guidelines for mutual funds in India. Whenever investors purchase any mutual fund, a corresponding folio number is generated. You can track the performance and various other information of your fund using the Folio Number. However, before going into details of how you can leverage the folio number to check the status of the funds, let’s have a look at what the folio number is!
When a mutual fund investor invests a sum into a mutual fund scheme, a unique folio number is generated by the asset management company (AMC) against the Permanent Account Number (PAN). It is also known as Portfolio Number.
Here are a few ways that one can use to check mutual fund statement by folio number, and fund performance:
There are a number of websites and apps that allow you to invest and track your mutual funds like Fisdom . It is a mutual fund investment platform that also allows you to export your existing portfolios and keep a track of their performance. You can easily keep yourself updated about your investment at your fingertips. You could also get recommendations based on your goals and risk profile. Redemption of your investments is also quick and easy on the Fisdom app which you could download on the Playstore or the App store .
People often approach brokers to invest in the mutual funds on behalf of them. In order to check the performance of the fund, one can always approach their broker. The value of funds is dependent largely on market movements, and brokers have real-time updates regarding the funds.
Every fund house that offers fund investment options has dedicated mutual fund sites where one can log in and get the details of the performance and status of their funds using folio number check.
In India, there are two depositories that collect and analyse the investment of an individual. These are:
If you own a Demat account and invest in stocks, the depositories send a monthly consolidated account statement through email with the details of investment across funds.
Some of the benefits of checking a folio number are:
One can use any of the above-mentioned methods to check the performance of funds through folio numbers. If someone purchases multiple schemes from a fund house, the folio number remains the same to ease out the handling of finances. Since the folio number is linked with the PAN card, there is no need to be worried. However, one should always keep the record of their investment in one place so that the financials don’t get cluttered.
Yes, you can check your mutual fund status using the folio number. It provides access to investment statements, NAV, portfolio, and allows transactions through online portals, mobile apps, or customer care.
You can download your mutual fund statement using the folio number through the fund house’s website or mobile app. Alternatively, you can request a copy of the statement from the fund house’s customer care.
Yes, it is possible to have multiple folio numbers for investments in the same mutual fund. This can happen when you make additional purchases of units in the fund through different modes such as online, offline or through a broker, and each mode generates a separate folio number.
The folio number is unique to each mutual fund scheme and is assigned by the asset management company (AMC) at the time of investment. Therefore, if you have invested in multiple mutual fund schemes of the same AMC, each investment will have a different folio number. Similarly, if you have invested in mutual fund schemes of different AMCs, each investment will have a unique folio number assigned by that particular AMC.
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